GT News

Business entities, with the exception of non-profit organisations, perform their business activity mainly for the purpose of achieving profit. In the...

Natural inventory decline represents an inventory difference, which has its specifics that we will discuss in the following paragraph.

The Financial Administration of CR has issued information on how accounting entities as well as natural persons should proceed in case of destruction or...

Every company tries to find the best way to accommodate the conditions of its customers and at the same time to ensure payment of its receivables. Below we...

As part of the project entitled Update of Interactive Forms for Electronic Submission for Insolvency Proceedings , the Finance Ministry published a new form...

The financial statement in general is defined in Act no. 563/1991 Coll., on Accounting, as amended (hereinafter the accounting act). It states that the...

In May 2021, the International Accounting Standards (IASB) Board issued the following amendment of the IAS 12 standard on Income Taxes. The previous version...

The Appellate Financial Directorate in Brno continues a dispute with a taxpayer regarding the obligation to revaluate prepayments relating to tangible assets...

We currently encounter questions about automated or algorithmic trading on financial markets increasingly more often, about trading on unregulated...

The European Financial Reporting Advisory Group (hereinafter EFRAG) updated the report on endorsement of the IFRS (International Financial Reporting...

In this article, we would like to acquaint you with an interesting topic related to changes in the so-called tax package 2021 (act no. 609/2020 Coll.) in the...

On 21 April 2021, the European Commission adopted a draft of a new Corporate Sustainability Reporting Directive (CSRD). This is an extension of the...

The global (Covid-19) pandemic has significantly influenced the operation of global trade as well as the local economy. There are many aspects companies take...

It has already been more than a year since we registered the first case of the coronavirus in our country, and many companies have been affected by...

All entities undergo a certain development in the course of their activity. The demands on speed, ease, quality, availability and price continue to increase....

In this article, we will focus on the cash-flow statement (further in the text as “ CF ”), which gives an overview of financial and investment processes and...