The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of SYSTEMS ENGINEERING, APPLICATIONS AND DEVELOPMENT
Transactions ID Number: 20-834
Full Name: Karel Šteker
Position: Assistant Professor
Age: ON
Sex: Male
Address: Tomas Bata University in Zlín, Nám. T. G. Masaryka 5555, Zlín, 760 01
Country: CZECH REPUBLIC
Tel: +420 576 032 417
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E-mail address: steker@fame.utb.cz
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Title of the Paper: Consolidation in the Czech Republic and Impact of International Accounting Standards to the Czech accounting
Authors as they appear in the Paper: Karel Šteker, Milana Otrusinová
Email addresses of all the authors: steker@fame.utb.cz, otrusinova@fame.utb.cz
Number of paper pages: 8
Abstract: The paper focuses on the consolidation in the Czech Republic and the influence of the international accounting standards on the Czech accounting legislation. The aims are to notice the actual problems associated with the implementing of the accounting reform and drawing up the consolidated financial statements for the Czech Republic. One of the objectives of the reform is to provide conditions for increasing the credibility of financial statements for the Czech Republic, both towards the European Union and international entities, including foreign investors. Further aim of the reform is to approach public sector accounting to methods and procedures known from the business accounting and to use the experience of international practice. The process of consolidating the financial statements for the Czech Republic is still not completed; they are currently being prepared for their phased implementation. The problems of consolidation are currently in a stage of legislat!
ive arrangements and implementing. In the part of this paper, the research is presented which shall deal with an entity in connection with the ongoing state accounting.
Keywords: Consolidation, Czech Republic, Financial statements, IFRS, IPSAS, State accounting
EXTENSION of the file: .doc
Special (Invited) Session: The current state of the application of international accounting standards in the Czech Republic
Organizer of the Session: 510-176
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