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On February 19, 2024, the National Accounting Standards Board (“NSB”) approved a new Interpretation I-49 related to the recognition and measurement of liquid...
At the end of 2023, an amendment to European Union Directive 2013/34/EU came into force, which changes the criteria for categorising accounting entities. The...
We can finance the company from internal or external sources and we encounter both types in practice. In today’s article, we take a closer look at financing...
The consolidation package, or the “recovery package” as it is mainly called by the government, brings a number of changes, which we have informed you about...
The interpretations express the professional opinion of the National Accounting Council (NAC), its members being representatives of major professional...
The term statutory auditor is used for companies that are subject to audit under Act No. 93/2009 Coll. on Auditors (hereinafter “the Act”). A statutory...
The Chamber of Deputies has just published the approved version of Chamber Print No. 488 (hereinafter referred to as “the consolidation package”) as it...
At the end of September 2023, the National Accounting Council (“NAC”) approved for external comment a draft interpretation related to the reporting and...
Today’s article will focus on the commission contract and its recognition in the accounting of an accounting entity. This is one of the types of commercial...
As we have already informed you on our website (including in this article ), the intention of the government is, among other things, to introduce functional...
The Ministry of Finance of the Czech Republic has confirmed on its website the conclusions of the meeting of the government coalition on the changes within...
At the end of July 2023, the European Commission published the final report complementing the European Directive 2013/34/EU relating to corporate...
As part of its business activities, an accounting entity continually reviews the “health” of its finances, cash flow movements, among other things, and seeks...
During the useful lives of fixed assets, situations may arise when the residual value of an asset no longer corresponds to the value that the asset is...
In this article we would like to summarize the basic information regarding the annual financial report, i.e. who prepares the report and how it differs from...
Recently, not only in the media, we have been hearing about the need to register the beneficial owners of legal entities. Even professions such as auditors,...