Acta academica karviniensia 2015, 15(2):71-81 | DOI: 10.25142/aak.2015.019

ACCOUNTING AND MANAGEMENT ISSUES

Jaromír Lazar¹, Ivana Koštuříková²

¹ Slezská univerzita, Obchodně podnikatelská fakulta, Univerzitní nám. 1934/3,733 40 Karviná, Email:lazar@opf.slu.cz

² Slezská univerzita, Obchodně podnikatelská fakulta, Univerzitní nám. 1934/3,733 40 Karviná, Email:kosturikova@opf.slu.cz

Accounting is an important source of information for the various stages of business management. The accounting information has affected the quality of management and top management's decision-making significantly, becoming crucial for the competitiveness of companies in the European and world market. The accounting records of all companies should be based on the same principles and methods to present comprehensible and mainly comparable results. The present accounting system has been in the Czech Republic for two decades and there are both system and legislative gaps and simple mistakes.The authors reflect on the existing process of accounting reform and related accounting requirements of internal economic management. Accounting problems are defined at different levels: economic philosophy, system deficiencies, legislative gaps, erroneous interpretations of legislations. These issues are affected by the syndrome of the status quo. This causing difference between the theory and practical management needs. The authors say the need for continuous education in this area.

Keywords: accounting problems, accounting theory, management needs, reform

JEL classification: P11

Received: August 19, 2014; Accepted: September 23, 2015; Published: June 30, 2015  Show citation