Small and medium enterprises play a very important role in economy of European Union. Cross-border activities of SMEs are limited by many obstacles. The biggest obstacle is existence of 27 different systems of accounting within the European Union, which have to be harmonized. The International...

Due to difficult conditions having effect on internal bank operations, at present in form of payment institution only, which they occurred as a result of stricter stipulations contained in Act no. 284/2009 Coll., the Law of Payments, is now appearing a new way to use this internal value...

This paper analyses relation between strategic management accounting and strategic management. Strategic management accounting should provide information support to strategic management. But most definition of management accounting includes also elements of strategic management. Often strategic...

The issue of business combinations date arose in accounting in connection with the case of cross-border fusions again. The solution of this issue in the Czech accounting and in company law takes into account objective fundament of the transaction. Legal regulation in many EU countries is...

The main topic of the paper is a study of Katerina Hellström. Author of the study engages in testing of value relevance in transition economy – in the Czech Republic during the years 1994-2001. The test demonstrated less value relevance in the Czech Republic in comparison of Sweden and also...

In case of negative amount of total equity can occur phenomenon ‘negative amount of investment’ in application of equity method, in its developed as well as undeveloped form. ‘Negative investment’ doesn’t comply with definition of asset in internationally respected standards of...

Receivables are company’s assets that can cause substantial problems, especially when these assets are rising. Therefore it is necessary to look after receivables continually and to apply the principle of conservative accounting. Unlike US GAAP, adjustments are used in the Czech Republic. As...

Relating to changes in global business environment the requirements on professional competences of controller were changed. This paper summarized the main conclusions of empirical research in Czech Republic. The research focuses on position of controller in organization structure,...

The series of corporate accounting scandals drew attention to the stewardship function of accounting. This exposition deals with the characteristics of accounting from perspective of institutional economic theory. I analyze relationship between owner and manager by the principal-agent model....

The development of the history of accounting methods in Czech Lands is certainly interesting and informative and we can see that its organization has always enjoyed high standard. What is clear from the development is the fact that accounting has always reflected the atmosphere of the time and...