IFRS EU Endorsement Process: October
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 12 October 2018.
Applying the expected credit loss model under IFRS 9 to trade receivables
IFRS 9 Financial Instruments is effective for annual periods beginning on or after 1 January 2018. Its new impairment requirements will affect almost all entities and not just large financial institutions. Wher…
Other profit or loss from prior years
Since 2013, equity has included the item “Other profit or loss from prior years” (since 2017 as item A.IV.3., since 2018 as A.IV.2.), which is regulated by Section 15a of Regulation No. 500/2002 Sb. In today’s …
Approaching deadline for an entry of beneficial owners information in the Beneficial Owners Register
An amendment to Act No. 304/2013 Coll., on Public Registers of Legal Entities and Individuals, effective since 1 January 2018, has introduced the Beneficial Owners Register (the “Register”) in which all legal e…
Conceptual changes in provisions regarding vacation time and minimum wage and more than 80 additional proposed changes effective a…
...are brought by the draft amendment to the Labour Code presented by the Ministry of Labour and Social Affairs. It is a more modest act compared to the very ambitious but unsuccessful draft from 2016, but it i…
HR Analytics: Data as a Key to Getting to Know Employees
You do not need a crystal ball to be able to tell whether the people on your team are satisfied or whether they are about to give in their notice. Analytics can positively affect individual HR processes and mor…
Open Call Issued by the European Space Agency
The call of the European Space Agency (ESA) for Czech enterprises and organisations entitled “Support of Space-related Activities in the Czech republic” is still open.
Planned Issuance of Call “EuroNanoMed 3”
In accordance with the defined schedule, in November the Technology Agency of the Czech Republic will issue the joint call entitled “EuroNanoMed 3” for 2019 under the "EPSILON" programme that enables support of…
Announcement of the National Tender “CHIST-ERA III”
On Wednesday, 3 October 2018, the Technology Agency of the Czech Republic announced the public tender entitled CHIST-ERA III. The tender is intended for candidates that succeeded in the joint international call…