GT News

We begin by briefly explaining what consolidated financial statements are. Generally, consolidated financial statements mean the preparation of financial...

By incentive in rental relationships, we mean discounted rent or free rent. Rental incentives are mainly found in long-term contracts of lease. A landlord,...

In October 2016, we looked on this website at an amendment of act no. 563/1991, on accounting, which brought significant changes as of 1 January 2016. One of...

I do not know, how it is at your company, but at ours, the summer time is not only a time to rest and draw a breath after more than half a year of a marathon...

June, for most of us, is the time of beginning summer, approaching holidays and leave from work. Statutory bodies of companies with the accounting period of...

The balanced scorecard method (BSC for short), which we introduced in the previous article, is a tool for measuring performance efficiency of a company while...

The economics of a firm, its management, and further development planning pose a big challenge to many owners and managers of companies. One must take into...

As we have said in the previous issue of our newsletter, we have prepared a new series on items in the profit and loss account. We are now coming with a...

Most accounting departments will only be drawing up financial statements according to the reporting requirements of an amendment of the accounting act from...

In January 2016, the International Accounting Standards Board (IASB) issued a new standard, the IFRS 16, which relates to the reporting of Leases. The...

The Act on trade corporations introduced within the recodification of private law a possibility so that trade corporations pay out advances for shares in...