The article elaborates the possibilities of practical usage of a traditional model of Customer profitability analysis and its extension by costs of capital connected with a shorter or longer interval receivables´ coverage or with additional sources linked in inventories required by a concrete...

This contribution focuses on the current issues related to converting accounting data for tax purposes. The topic was selected with consideration for the needs of business practice and the absence of findings in the examined area, which relates to ensuring relevant data for tax purposes for...

The article is focused on a comparison of several views concerning the definitions of small and medium-sized entities. The definitions result from the Act of the Small and Medium- Sized Entrepreneurship Support, the Small and Medium-Sized Entities project of IASB and International Audit Standard...

The article deals with the issue of foreign entities that are established abroad by the founder in the form of an ownership link. These foreign entities, which are the subject of this article, are because of different juridical definition not always designated by the same name, e.g. “Permanent...

Accounting has been identified as one of the key areas in which administrative burdens for companies within the European Union may be reduced. As the size criteria for microenterprises in the proposed new Directive, replacing the Fourth and Seventh EC Directive, may be too high for accounting...

In June 2005 the International Accounting Standards Board (IASB) decided to withdraw IFRIC 3 Emission Rights with immediate effect. IFRIC 3 was developed to explain how to apply existing International Financial Reporting Standards (IFRS) to ‚cap and trade emission rights schemes. However,...

The aim of this article is to assess financial statements of health insurance companies with the aim at the General health insurance company of the Czech Republic primarily. To accomplish this aim general analysis of receipts and expenditures of health insurance public system including receipts...

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.

In response to the sharp criticism of rules-based financial accounting standards as is presented especially by Sarbanes-Oxley Act of 2002, the U.S. Securities and Exchange Commission require the setters of these standards to accept principles-based strategy or ´objectivesoriented’ strategy....

The authors describe emerging hot topics in management accounting systems (MCS) as discussed during the international conference held at University of Economics, Prague, in September 2006. This paper underpins all relevant aspects of MCS ranging from corporate governance, through planning and...