Czech Financial and Accounting Journal, 2009 (vol. 2009), issue 2
Introduction
Pozor na pokrizovou regulatorní euforii
Petr Dvořák
Český finanční a účetní časopis 2009(2):4-5 | DOI: 10.18267/j.cfuc.24 
Vážení čtenáři, i když zdaleka není vyhráno, krize pomalu začíná ztrácet dech a záblesky obratu ekonomického vývoje se začínají objevovat stále častěji. S tím logicky souvisí i přesun zájmu ekonomických a regulatorních autorit i ekonomických analytiků od zkoumání příčin krize k tomu, jaká poučení bychom si z krize měli odnést pro budoucí uspořádání finančního systému. Podobně jako tomu bylo i v minulosti po podobných otřesech, zaznívají poměrně silné hlasy volající po zpřísnění regulace. Je to logické, nejen mezi laickou, ale poměrně často i odbornou veřejností existuje přesvědčení, že to je správná reakce, navíc politikové ve snaze učinit nějaká rychlá...
Articles
Transnational Corporations' Financial Management
Ivan Doubrava, Josef Valach
Český finanční a účetní časopis 2009(2):6-24 | DOI: 10.18267/j.cfuc.25
TNCs get more and more influence in economy of individual countries. They take the principle place in global economy. The article deals with the TNCs role in country's economy. It draws attention to their positive and negative influence. Attention is paid to goals and specific features of transnational corporations' financial management and to transfer mechanism for distribution of funds. The article also describes in detail specialities and different alternatives of short-term and long-term transnational corporations' financial management.
Current Changes on Integration Process on Financial Market
Eva Ducháčková, Jaroslav Daňhel
Český finanční a účetní časopis 2009(2):25-32 | DOI: 10.18267/j.cfuc.26
This article is dealt with changes in integration process on financial market, namely for banking and insurance market. Tendency of banks and insurance companies to develop of bancassurance brings synergic effects and intersectional stabilizer. Citizens of each country have different ideas about the financials products and services. Nevertheless bancassurance creates on the market completely a new space but it can be expected that its popularity will not be grow in the future.
The Costing Formula Suitable for Pricing (Transfer Pricing) Decisions and Maximization of Business Value
Tomáš Buus
Český finanční a účetní časopis 2009(2):33-45 | DOI: 10.18267/j.cfuc.27
This paper deals with different kinds of costing formulas, regarding the price-setting decisions, resp. transfer-pricing decisions and business value maximization. Results of theoretical research show that it is always suitable to separate fixed and variable costs, nevertheless retrograde costing formula is more convenient in competitive environment, whereas dynamic costing is more suitable in the case of monopoly. While reflecting the above, it is also necessary to take into account the multi-layer nature of product, including servicing and extraordinary requirements of customer (e.g. by using activity-based costing). The main determinant of success...
The Relation between Financial Reporting Rules and Rules for Tax Base Determination
Danuše Nerudová
Český finanční a účetní časopis 2009(2):46-56 | DOI: 10.18267/j.cfuc.28
The paper deals with the problem of relation between financial reporting rules and tax rules. There are analyzed the arguments for the convergence of the rules, but also the arguments for the disconnection of the rules. Different attitudes towards the measurement of the relation between financial reporting rules and tax rules are presented as well. The measurement of the relation between the rules in the Czech Republic is done by the method developed by Lamb, Nobes and Roberts, for it enables inter country comparison. The results have shown, that Czech Republic seems to be in the middle between the Anglo-Saxon system, under which the disconnection...
Social Responsibility Investing
Martina Prskavcová
Český finanční a účetní časopis 2009(2):57-69 | DOI: 10.18267/j.cfuc.29
Social Responsible Investing (SRI) means way how to invest money to firms which are not interested in profit only but they think about ecology, ethics a and social things etc. These firms use Corporate Social Responsibility in their strategic management. SRI is more used in abroad financial markets but in the Czech Republic can be used by investors too. ČSOB a. s. is one leader of SRI in the Czech financial market. ČSOB a. s. offers more then five SEE funds. This article is interested in theoretical definitions of SRI, SEE funds. Next part is interested in options at abroad and the Czech financial market in SRI.
Not very Known Author of Du Pont Model - Frank Donaldson Brown (1885 - 1965)
Petr Marek
Český finanční a účetní časopis 2009(2):70-75 | DOI: 10.18267/j.cfuc.30
The article is devoted to Frank Donaldson Brown who is author of very frequent used model of decomposition return on investment (assets) and return on equity. First part describes his successful career of manager in E. I. du Pont de Nemours and Company and General Motors Corporation. Second part introduced original model from years of 1912 a 1919. Third part deals with academic and practical responses of the model.
The End of the Year at Organizational Units of State of the Czech Republic
Jaroslava Marhounová
Český finanční a účetní časopis 2009(2):76-78 | DOI: 10.18267/j.cfuc.31
This article deals with the relevant questions of reserve fund in organizational units of state in the Czech Republic. The importance of the reserve fund was mainly reduced by the amendment to the act about budget rules of the Czech Republic established from 1st March, 2008. The article is opposed to reasoning of this amendment and shows positives and negatives.