Audit

Receivables in the accounting or do you work with them correctly? Part 2

Receivables in the accounting or do you work with them correctly? Part 2

Everyone probably knows the term receivable or has at least some idea of what it means. A receivable as such represents expected receipt of financial flow for a certain provided performance. In the first part  of the article we went through the…
European Securities and Markets Authority (ESMA)

European Securities and Markets Authority (ESMA)

The European Securities and Markets Authority (ESMA) is an independent European Union (EU) Authority. It was founded in the year 2011 and is located in Paris. The main purpose of the ESMA is to improve investor protection and promote stable, orderly…
Receivables in the accounting or do you work with them correctly? Part 1

Receivables in the accounting or do you work with them correctly? Part 1

Everyone probably knows the term receivable or has at least some idea of what it means. A receivable as such represents expected receipt of financial flow for a certain provided performance. In today’s article, we will focus on receivables from the…
Updated Methodological tool for reviewing the management of local self-government units and voluntary associations of municipalities

Updated Methodological tool for reviewing the management of local self-government units and voluntary associations of municipalities

The Public sector committee has prepared the above-mentioned methodological tool. Compared to the 2012 version, not only has it been updated due to changes in legislation between the years, but new information relating to the application of ISA…
The National Accounting Council (NAC) has approved a draft interpretation – NI-67 Advance payments received in foreign currency – for an external comment proceeding

The National Accounting Council (NAC) has approved a draft interpretation – NI-67 Advance payments received in foreign currency – for an external comment proceeding

The aim of the interpretation is to set an accounting solution for reporting received advance payments in foreign currency in the financial statement. The draft interpretation has already undergone internal commenting in the working draft…
Do you publish accurately in the Collection of Deeds?

Do you publish accurately in the Collection of Deeds?

As of 1 February 2021, there has been a change in the publication of documents filed in the Collection of Deeds. On this date, amendment no. 25/2021, which amends government regulation no. 351/2013, entered into force. Previously, a published…
Links in the accounting or do you known how to detect the first inaccuracies? Part 2

Links in the accounting or do you known how to detect the first inaccuracies? Part 2

In the previous part, we mentioned the links between the individual accounting reports, and in today’s continuation, we will go through the context within the individual areas of account keeping itself. Selected links in the accounting (logical…
Links in the accounting or do you known how to detect the first inaccuracies? Part 1

Links in the accounting or do you known how to detect the first inaccuracies? Part 1

There are a number of control and logical links in the accounting, and the failure to adhere to them indicates an error or inaccuracy, which the accounting entity must resolve immediately. In the following overview, we state some basic links and the…