A lot has been written about the relationship between entrepreneurship and regional development in the past years. However, do we have conclusive empirical evidence for justification of this relationship? Policymakers expect from entrepreneurship positive impact on country's wealth and...

The UEFA approved the Club Licensing and Financial Fair Play Regulation in 2010, which governs the requirements on transparency and financial conditions of football clubs participating at the European cups. The paper focuses on the specifics of Czech professional football clubs. The research is...

From 2005, the EU listed companies are obliged to prepare their consolidated financial statements in conformity with IFRS, which are viewed as high-quality financial standards (Leuz, 2003). To comply with the increased disclosure requirements, companies have to incur significant costs. However,...

The paper investigates whether there is any significant difference in lobbying behaviour on the IASB's projects depending on the type of a project. In particular, we scrutinise the differences in number of comments letters received for: (a) major vs. minor projects; (b) projects successfully...

The paper outlines basic features of revenue recognition practice under IFRS and US GAAP. The revenues usually represent the greatest single item reported in the financial statements. The current guidance on revenue recognition suffers from some weaknesses and inconsistencies. Finding the...

The globalization of the world economy is accompanied by changes in volume and structure of international trade, capital flows and human migration. The paper focuses on theoretical aspects of recent changes in the area of international harmonization of accounting through the adoption of the...

The paper analyses the possibility of using the economic concept of income introduced by J. R. Hicks for accounting purposes. Despite some disadvantages hindering from its broader practical utilisation, this concept still finds its place in the area of managerial accounting and capital...

As the goal of corporate taxation contradicts substantially the accounting principles of true and fair view, distinct measures of income are used in corporate and tax accounting. This dichotomy may facilitate an opportunistic behaviour of executives to manage earnings upwards in financial...

Fantasy Pitching V follows in the footsteps of four earlier fantasy pitching exercises: Faff, Ali, et al. (2016); Faff, Wallin et al. (2016); Faff, Carrick, et al (2017) & Faff, Baladi, et al (2017). Like all prior versions, the current paper challenges teams of novice researchers to use the...