M49 - Accounting: OtherReturn

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 primary objective of non-profit organizations is impletion of the envoi which isn't make direct earnings, but provides benefit in modification of public utility services. Typology of non-profit sector presents specific position of the organizations in the national economy. Organizations are considered as business units and taxpayers. The exceptions should emphasize the non-profit vision in context of the market environment. The identification of the main specifics is necessary for orientation in the massive legislation.