Czech Financial and Accounting Journal, 2010 (vol. 2010), issue 1
Introduction
Malé zamyšlení nad jedním kalendářem
Petr Marek
Český finanční a účetní časopis 2010(1):4-6 | DOI: 10.18267/j.cfuc.54 
Vážení čtenáři, předmluvu pro první číslo Českého finančního a účetního časopisu v tomto roce si dovolím věnovat malému zamyšlení nad jedním nástěnným kalendářem. Při příležitosti 125. výročí svého založení rozeslala American Economic Association svým členům kalendář pokrývající období od ledna 2010 až do června 2011. Každý z těchto osmnácti měsíců je vždy zasvěcen jednomu slavnému jménu ekonomické vědy. Na první straně se nachází obrázek Adama Smithe, který přednáší svoji teorii mravních citů (rozpoznáno dle textu na tabuli),1 a jeho přednášce pozorně naslouchá sedmnáct posluchačů. Hned v první lavici sedí John Stuart Mill, George Stigler, Karl Marx...
Articles
Revision of Accounting Directives
Marcela Žárová
Český finanční a účetní časopis 2010(1):7-19 | DOI: 10.18267/j.cfuc.55
Current revision of the Fourth and Seventh Company Law Directives is provided in the scope of simplification of accounting rules for SMEs and other companies. The review of the Accounting Directives has the overall objective to modernize and simplify the reporting requirements as well as to make them more understandable and accessible. The review should be guided with the "think first" principle in mind. The Commission's regulation strategy is aimed at measuring administrative costs and reducing administrative burdens. Commission presented in 2009 a proposal for a Directive containing a number of targeted simplification measures in financial accounting...
Analysis of Development of the Accounting and Reporting for Small and Medium Enterprises
Libuše Müllerová, Marie Paseková, Eva Hýblová
Český finanční a účetní časopis 2010(1):20-36 | DOI: 10.18267/j.cfuc.56
Small and medium enterprises play a very important role in economy of European Union. Cross-border activities of SMEs are limited by many obstacles. The biggest obstacle is existence of 27 different systems of accounting within the European Union, which have to be harmonized. The International Accounting Standards Board (IASB) issued the International Financial Reporting Standard (IFRS) on 9 July 2009, designed for Small and Medium Enterprises (SMEs), which came into force immediately. The Board hopes that application of the standard will improve comparability of financial reports and will improve confidence in financial reports of small and medium...
Influence of Accounting Norms on Dividend Policies in the Czech Republic
Jana Ištvánfyová, Jiří Pelák
Český finanční a účetní časopis 2010(1):37-47 | DOI: 10.18267/j.cfuc.57
The paper focuses on distribution of unrealized profits. It identifies arguments for such a discussion. Substance of creditor protection, equivalent rights for shareholders and creditors, capital maintenance concepts and accounting aspects of these phenomena are discussed. The paper clearly states and distinguishes the position of accounting and law and identifies relationships between both systems. Authors tend to distribution of unrealized profits for sufficient creditor protection under contemporary capital maintenance concept.
The Possibility of Harmonization of Corporate Tax Base for SME in the European Union
Danuše Nerudová
Český finanční a účetní časopis 2010(1):48-58 | DOI: 10.18267/j.cfuc.58
The aim of the paper is to research the possibility of home state taxation system implementation as the unified system of SME taxation in the European Union and further to suggest the possible method of tax base allocation between the EU member states. The paper analyzes the possibility of home state taxation system introduction and call attention to the impacts on the tax revenues in EU member states. The research has revealed that there are nine European countries, in which even after the introduction of home state taxation system, the group taxation scheme would still be unavailable. At the end, the paper suggests to use allocation formula for the...
Negative Impact of Tax Deductable Provisions for Repair of Long-term Tangible Assets on True and Fair View of the Financial Statements
Marie Zelenková
Český finanční a účetní časopis 2010(1):59-67 | DOI: 10.18267/j.cfuc.59
In the Czech Republic it is allowed to create a provision for the repair of the long-term tangible assets. In consequence of this creation the supposed expenses for the repair of the long-term tangible assets will reflect in the decrease of the net income before the repair is executed. The scheduled repair will not even be carried out most of the times but none the less the net income of the past years was influenced (reduced). The legislative imbedding of the creation of the repair of the long-term tangible assets in the provision tax law and the cross-reference of the income-tax law to this law because of the tax deductable expenses affects the predicative...
Financial and Accounting Criteria for Management of Business Process of Companies as Accounting Entities
Bohuslava Knapová
Český finanční a účetní časopis 2010(1):68-77 | DOI: 10.18267/j.cfuc.60
Nowadays decision making on various levels of business activities becomes more difficult one because a manager on the top or lower management level must include to its considerations the great quantum of various aspects regarding an economic reality about which is decided. It is necessary to accomplish the own decision in the shorter period and the economic importance of decisions-making problems is increasing. The aim of the paper is to show such value criteria for the management, which have the relation to the strategic, tactical and operative management of the accounting entity. The measurement and appraisal of the value criteria constitute the...
Czech Historian and Theorist Hugo Raulich (1866 - 1940)
Miloslav Janhuba
Český finanční a účetní časopis 2010(1):78-81 | DOI: 10.18267/j.cfuc.61
This profile memorializes the 70th anniversary of the edition of 'Bookkeeping treatise', by Luca Pacioli in Czech version by Hugo Raulich. This treatise has been clearly translated by Raulich nearly fifty years and finally edited in 1940 as part of the economic encyclopedia 'Slovník obchodně technický, účetní a daňový'. Hugo Raulich passes away some months after this edition (October 19, 1940).