Český finanční a účetní časopis 2010(4):96-100 | DOI: 10.18267/j.cfuc.90
Business Combinations Date for Mergers for Accounting Point of View
- Prof. Ing. Hana Vomáčková, CSc. - profesorka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, Česká republika; <vomackova@vse.cz>.
The issue of business combinations date arose in accounting in connection with the case of cross-border fusions again. The solution of this issue in the Czech accounting and in company law takes into account objective fundament of the transaction. Legal regulation in many EU countries is different - somewhere it is date of business combinations determined as the day of entry in business register, elsewhere it is the business combinations date set as the day arranged in a contract. The suggested solution of individual determination of this day is debatable. Financial information which arrases in accounting of recipient companies from this solution would be incomparable. Therefore would be originated conditions for creative accounting.
Keywords: Business combinations; Merger; Date business combinations; Day of entry in business register; Creative accounting; True and fair view, fair presentation.
JEL classification: M41
Published: December 1, 2010 Show citation
This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.