Czech Financial and Accounting Journal, 2020 (vol. 2020), issue 3-4
Articles
Requirements for cash flows reporting in the Czech legislation and their development in time
Lucie Brabcová
Český finanční a účetní časopis 2020(3-4):5-23 | DOI: 10.18267/j.cfuc.547 
Although the benefits of the Statement of Cash Flows for its users are indisputable, historically this statement has not been captured in the Czech legislation to a major extent. The aim of the paper is to describe and evaluate the quality of cash flows reporting as required by the Czech legislation as well as its evolution over time and its future development. The research methodology is based on comparative analysis. It can be concluded that the Statement of Cash Flows holds exceptionally weak position in the Czech accounting legislation over time. For the first ten years, it had not been mentioned in the legislation at all; after its introduction...
Effect of tax deductibility on technical reserves recognized by Czech and Slovak insurance companies
Jan Hájek
Český finanční a účetní časopis 2020(3-4):25-37 | DOI: 10.18267/j.cfuc.548
The paper describes the influence of a tax law on the technical reserves recorded by the Czech and Slovak insurance companies. Specifically using technical reserves to insurance payments respectively to liabilities ratio it verifies whether the rules covered by the respective tax law might have influence the values of the technical reserves created. The Czech and Slovak insurance companies were chosen due to their different tax regime for the whole analyzed period (2010 – 2018). Whereas the Slovakia linked the amount of tax deductible technical reserves to the Directive 2009/138/EC of the European Parliament and of the Council of 25 November...
Trust funds in the Czech Republic
Michal Šindelář, Tereza Čudová
Český finanční a účetní časopis 2020(3-4):39-52 | DOI: 10.18267/j.cfuc.550
The aim of the article is to present the history of trust funds and to analyze their establishment since this institute was included in the Czech legislation. The research is based on publicly available information from the register of trust funds. 2,268 trust funds were found between 2014 and 2020. The results show that the number of established trust funds increased during the analyzed years, except for the year 2019. The most trust funds are registered with the Municipal Court in Prague and the vast majority of trust funds are private. Although international research on voluntary disclosure indicates the benefits of this disclosure, only four trusts...
IFRS implementation in healthcare facilities in the United Kingdom: (un)intended effects
Anita Golovkova
Český finanční a účetní časopis 2020(3-4):53-70 | DOI: 10.18267/j.cfuc.551
The article puts into context the issue of information asymmetry with financial reporting, specifically strengthening the information potential from the investors’ perspective by adopting IFRS in healthcare facilities in the United Kingdom. The mandatory introduction of IFRS across the public sector from 2009/10 onwards was aimed to increase transparency and improve the comparability of financial information. This step also brought an unintended effect in the form of an impact on the amount of the dividend Public dividend capital (PDC). The performed empirical analysis thus tested the significance of the given effect and influences on its change....
Discussion
Work motivation. Self-determination theory: literature review
Kateřina Knorová, Jana Fibírová
Český finanční a účetní časopis 2020(3-4):71-93 | DOI: 10.18267/j.cfuc.549
Reward system is a key management tool associated with significant costs and its potential to influence work performance and motivation has been the subject of scientific interest for many years. The self-determination theory (and the preceding cognitive evaluation theory) is one of the relevant theories of work motivation on which research (including managerial accounting research) is based in assessing the impact of rewards on employees' work behavior. This literature review focuses on the development of the self-determination theory, its assumptions, the key conclusions of research studies, and the shift in the perception of rewards from the time...