The Process of Preparing Financial Statements of the Czech Republic, Including the Analysis of Financial Statements Results for the year 2016

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10239642" target="_blank" >RIV/61989100:27510/18:10239642 - 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

The Process of Preparing Financial Statements of the Czech Republic, Including the Analysis of Financial Statements Results for the year 2016

Original language description

This paper deals with the process of preparing financial statements of the Czech Republic, which completes the state accounting reformed that was officially launched in 2010. The accounting reform introduced new methods into the state accounting, such as accounting for adjusting items, provisions, accruals or depreciation of assets. An element of the accrual principle was so introduced into the state accounting, and the accrual-based bookkeeping provides users with more reliable and relevant information about the financial position and financial performance. The paper defines the legislative framework for the preparation of financial statements for the whole Czech Republic, the consolidation unit of the Czech Republic. The paper also presents the structure of financial statements of the Czech Republic, which consists of Summary Statement of State Assets and Liabilities, Summary Statement of State Expenditures and Revenues and the notes for the Czech Republic, including an analysis of the main outputs from these financial statements prepared for the accounting period of 2016. Outputs from accounting consolidation of the state are an extensive source of information on the use of public funds and show the state of assets and liabilities of the Czech Republic for a wide range of users.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50205 - Accounting

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

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

7

Pages from-to

32-38

UT code for WoS article

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EID of the result in the Scopus database

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