M48 - Accounting and Auditing: Government Policy and RegulationReturn

Intangible assets play an increasingly important role in business management as their proportion on total assets is rising. Their recognition and measurement in financial statements is often complicated and is dependent on the requirements of a given accounting regulation. Intangible assets also influence company performance in a considerable way. Therefore, the aim of this article is to analyse the disclosure of intangible assets, as well as, the relationship between intangible assets and given ratios describing company performance. To do so financial statements of large companies located in selected regions of the Czech Republic, which were published in years 2010 – 2015, are analysed. The established hypotheses are tested using the methods of the trend analysis and the simple regression. The results of this research confirm that the amount of intangible assets disclosed by analysed companies does change over time. In addition to that, it can be concluded that the existence of intangible assets does positively influence company performance measured by the given ratios.

Final account is a particularity of local government. All municipalities are obliged to compile it. The purpose of a final account is to summarize the yearly economic activity of a municipality. The aim of the article is to analyse the accessibility of final accounts to citizens based on a performed research. A municipality is the primary community of citizens. The law defines a municipality as an accounting entity obliged to keep books. Unlike companies, which compile annual report, a municipality compiles a final account. According to applicable legislation, a municipality is not obliged to make its final account public. The analysis of accessibility of final accounts has been performed within a selected district of the Moravian-Silesian Region comprising of seventy-two municipalities. The result is a finding that a vast majority of municipalities take advantage of the loophole in the law and forbid citizens from accesing the information on the economic activity of the municipality. The solution seems to be to amend the relevant legislation with the obligation to make the final account public, analogically to the obligation for companies to make their annual report public.

The article deals on unemployment in the context of social, tax and evacuating. Unemployment is a global economic, social and psychological problem, whose growth is closely linked with the economic crisis. Approach to solving unemployment is different between countries. In the Czech Republic, moreover, due to the relative generosity of the welfare system pushes the unwillingness of some of the unemployed to work. Aim of this article is to design economic incentives to motivate the unemployed to employment or operation of self-employment, such as cutting and editing insurance and social change in the tax on personal income by introducing a tax bonus for the taxpayer.

The focus of this article is to present an analysis of the importance of accounting information for the financial management of enterprises in the Czech Republic. This article presents the results of research in 2007 and 2009. The aim of this paper is to discuss the importance of the comparability of accounting information for companies and their performance and competitiveness. The basis of successful financial management is the use of financial analysis, planning, controlling and reporting. All management methods are based on quality input data from financial and management accounting. Accounting is subject to constant changes and development not only in Europe but worldwide as well. Hence the importance of International Financial Reporting Standards (IFRS) will be further increasing in the Czech accounting environment.

The objective of this paper is to give information about the legal regulations for bookkeeping of some selected accounting entities in 2010 and 2011 and also to warn of some problems with the practical application of accounting methods in connection with review of the economy of municipalities and with the audit of financial statements of some selected accounting entities in context of the accounting reform of the public finance in the Czech Republic.

This article is engaged in a comparative analysis of the existing IASB's framework with the proposal of a new improved version, which is elaborated within the common convergence project of the International Financial Reporting Standards (IASB) and the United States Financial Accounting Standards Board (FASB). After that some inferential conclusions for accounting in the Czech Republic are analysed.