Audit

Complex management of the digital currencies agenda  (cryptocurrencies)

Complex management of the digital currencies agenda (cryptocurrencies)

We currently encounter questions about automated or algorithmic trading on financial markets increasingly more often, about trading on unregulated cryptocurrency exchanges or about using cryptocurrencies as means of payment. Related questions…
New draft directive for non-financial reporting presented!

New draft directive for non-financial reporting presented!

On 21 April 2021, the European Commission adopted a draft of a new Corporate Sustainability Reporting Directive (CSRD). This is an extension of the 2014/95/EU– Non-Financial Reporting Directive (NFRD), which is already in operation and lays down…
Change of inventory planning during the time of Covid-19

Change of inventory planning during the time of Covid-19

The global (Covid-19) pandemic has significantly influenced the operation of global trade as well as the local economy. There are many aspects companies take into account when planning the operation of their business, but they did not previously…
Financial statement in the coronavirus era

Financial statement in the coronavirus era

It has already been more than a year since we registered the first case of the coronavirus in our country, and many companies have been affected by government decrees and other restrictions. Companies are currently completing or preparing to compile…
Electronic data in the accounting

Electronic data in the accounting

All entities undergo a certain development in the course of their activity. The demands on speed, ease, quality, availability and price continue to increase. The forms of account keeping are also subject to development. Electronic accounting is…
Cash flow in practice or what it means and why we should compile it

Cash flow in practice or what it means and why we should compile it

1.  The aim of the Cash-Flow Statement In this article, we will focus on the cash-flow statement (further in the text as “CF”), which gives an overview of financial and investment processes and their mutual connection, about the structure of own or…
Differences in account keeping according to IFRS vs CAS, part 2

Differences in account keeping according to IFRS vs CAS, part 2

In the first part of the article, we discussed the general approaches to account keeping and financial reporting according to the Czech and the international financial reporting standards. Now we will focus on specific selected areas of accounting,…
Process of approval of a financial statement

Process of approval of a financial statement

For a number of companies that use an accounting period identical with the calendar year (i.e. from 1 January to 31 December), the utmost deadline for publishing the financial statement for the year 2019 expired at the end of the year 2020. While it…
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