Further Steps to Harmonize the Accounting of Business Entities in the Czech Republic with the International Financial Reporting Standards - News from 2016.

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86097912" target="_blank" >RIV/61989100:27510/16:86097912 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Further Steps to Harmonize the Accounting of Business Entities in the Czech Republic with the International Financial Reporting Standards - News from 2016.

Original language description

The Act No. 221/2015 Sb., published in Sbírka zákonů (Collection of Laws) on 10 September 2015 with effect from 1 January 2016, made probably the most extensive amendment of the Act No. 563/1991 Sb., on Accounting in the Czech Republic in the past few years. The reason for this amendment was the effort to properly complete the transposition of European Directive 2013/34/EU on annual financial statements, consolidated financial statements and related reports of certain types of undertakings and others. It is mainly the obligation of EU member states to transpose directive 2013/34/EU, which is devoted to the financial statements, into their national laws. Other changes follow from the recodification of private law, and we cannot fail to mention connections to other laws, which were directly affected by the accounting changes such as Act No. 586/1992 Sb., on income tax, Act No. 593/1992 Sb., on reserves for determining the income tax base and Act No. 93/2009 Sb., on auditors. The paper also lists important changes in the accounting and reporting of business entities in the Czech Republic with effect from 1 January 2016.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Transactions of the Universities of Košice

ISSN

1335-2334

e-ISSN

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Volume of the periodical

Neuveden

Issue of the periodical within the volume

1

Country of publishing house

SK - SLOVAKIA

Number of pages

6

Pages from-to

22-27

UT code for WoS article

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EID of the result in the Scopus database

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