This paper examines the responses of North America academics to the recent wave of accounting and audit scandals. The paper suggests that the main response to these scandals can be divided into two big groups. The first one takes the position that the whole system works and the scandals are in...

The paper describes three major types of financial decision making in an enterprise: (a) decision on investment areas, (b) decision on investment financing, (c) decision on profit distribution. All three types of decision are interlinked and must reflect the most important objectives of an...

This paper examines the motivation of teacher trainees to select the teaching profession. The author compares motivation in metropolitan and developing countries and makes the conclusion that based upon the research executed at various universities the motivational model differs in metropolitan...

This paper describes the role of the budgetary statements in the financial management (the capital budget, the cash budget, the forecast balance sheet, the budgeted income statement etc.). Based on the budgetary statements, the firm is able to judge its future level of receivables, inventory,...

Paper provides information about a new study program – a joint degree program Finance and Accounting for Common Europe, which will be taught at the Faculty of Finance and Accounting, University of Economics, Prague for the first time in academic year 2007/2008.

This paper describes three main risk areas in using return on investment in financial decision making. The paper also shows how to analyze differences between planned and actual size of return on investment and preconditions for using return on investment in financial decision making.