Does New European Directive Change Czech Accounting?

Müllerová, Libuše

doi:10.18267/j.cfuc.400

Cited by 4 publications

(1 citation statement)

References 2 publications

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“…Březinová (2014) considers it important that the Directive lays great emphasis on the principle of true and fair view and the principle of continuity. Müllerová (2014) adds that it is also necessary to observe the principle of prudence and to respect the accrual principle. Also the principle of non-compensation of assets with liabilities and expenses with revenues must be respected.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Changes in Accounting Regulations on Agricultural Entities and Their Business Accounts Since 2016

Otavová¹,

Gláserová²

2017

Acta Univ. Agric. Silvic. Mendelianae Brun.

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Financial accounting in the European Union is harmonized through directives. In 2013 Directive 2013/34/EU of the European Parliament and the Council was issued. It aims to improve the performance of micro and small entities by reducing their administrative burden. The primary requirement of the Directive is to introduce entity size classification. The paper identifies the impact of the transposition of the Directive on the size distribution of agricultural enterprises in the V4 countries and some other countries of the European Union using data from the Amadeus database. In the Czech Republic obligations which are part of financial reporting are determined for agricultural enterprises and their impact on fundamental accounting principles is detected. The implementation of the Directive in the Czech Republic significantly influenced valuation, accounting for and specially reporting of inventories of a company's own activity and capitalization, which are typical for agricultural enterprises. A comparison of the regulation effective until the end of 2015 with the new regulation showed the impact on the amount of profit and turnover, which are also quantified. The degree of harmonization with IAS/IFRS is also examined.

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Section: Introductionmentioning

confidence: 99%

The Impact of Changes in Accounting Regulations on Agricultural Entities and Their Business Accounts Since 2016

Otavová¹,

Gláserová²

2017

Acta Univ. Agric. Silvic. Mendelianae Brun.

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Is the Category of Micro-Undertakings in the Visegrad Group Countries Relevantly Defined?

Otavová¹,

Gláserová²,

Semerád³

2021

EJOBSAT

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This paper deals with the definition of micro-undertakings in the Visegrad Group countries (V4). To define micro-undertakings is a task of EU Member States with effect from 1 January 2016. The goal of the Directive is to create better conditions for undertakings and make them more competitive, in particular by reducing the administrative burden. The aim of this paper is to evaluate the level of criteria adopted for defining micro-undertakings in the V4 in relation to the intended reduction in their administrative burden. In addition to the V4, Germany is also researched as a representative of an advanced economy. The study was based on data from the Amadeus database and it was found out that most companies in the V4 belong to the category of micro-undertakings. To achieve the goal of the Directive, it is necessary to reduce their number.

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Requirements for cash flows reporting in the Czech legislation and their development in time

Brabcová¹

2021

ČFÚČ

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Přestože přínos přehledu o peněžních tocích je pro jeho uživatele účetních informací neoddiskutovatelný, historické řešení tohoto výkazu v české legislativě nezastává dostatečně silnou pozici. Cílem příspěvku je na základě komparativní analýzy popsat a zhodnotit kvalitu vykazování informací o peněžních tocích požadovaných českou legislativou, jeho evoluci v čase, a nastínit směr budoucího vývoje. Lze shrnout, že přehledu o finančních tocích a jeho úpravám je v české účetní legislativě dlouhodobě věnován jen velmi malý prostor. Po dobu deseti let nebyl vůbec upraven; po prvotní úpravě bylo následných změn významnějšího charakteru provedeno jen velmi málo. Ani současné diskuse k nové koncepci účetní legislativy nenaznačují zamýšlené přehodnocení přístupu k tomuto významnému výkazu. Klíčová slova: Účetnictví; Přehled o peněžních tocích; Peněžní toky. JEL klasifikace: M41.

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Does New European Directive Change Czech Accounting?

Cited by 4 publications

References 2 publications

The Impact of Changes in Accounting Regulations on Agricultural Entities and Their Business Accounts Since 2016

The Impact of Changes in Accounting Regulations on Agricultural Entities and Their Business Accounts Since 2016

Is the Category of Micro-Undertakings in the Visegrad Group Countries Relevantly Defined?

Requirements for cash flows reporting in the Czech legislation and their development in time

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