Audit
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…
Approval of IFRS in the European Union
The European Financial Reporting Advisory Group (hereinafter EFRAG) updated the report on endorsement of the IFRS (International Financial Reporting Standards) on 7 May 2021. In this context, it is not only an endorsement of the individual standards…
The influence of the Income Tax Act on non-current assets in connection to account keeping
In this article, we would like to acquaint you with an interesting topic related to changes in the so-called tax package 2021 (act no. 609/2020 Coll.) in the case of act no. 586/1992 Coll., on income taxes (hereinafter the “ITA”), in connection to…
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
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
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
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
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…