How to correctly value internally developed or produced inventory? That is one of the most common accounting questions that manufacturing companies ask themselves. In the case of mass production, it is usuall…
In our blog, we regularly inform you about the tax implications of employee stock and option plans (ESOP). This time, we will address the question of how to properly report these employee plans according to Cze…
In May 2025, the IFRS Interpretations Committee issued Compilation of Agenda Decisions—Volume 12, which compiles all agenda decisions published by the IFRS Interpretations Committee from November 2024 to April …
On 4 April 2025, the European Securities and Markets Authority (ESMA) published a report on the enforcement and regulatory activities of financial reporting enforcers within the European Union in 2024.
In late September 2024, we informed you about the Government’s proposal to amend Act No. 563/1991 Coll., on Accounting (the “Accounting Act”). Since then, several developments have occurred. In this article, we…
For the accounting period beginning on or after 1 January 2024, amendments to IAS 1 titled Non-current Liabilities with Covenants are effective to clarify how the conditions with which an entity must comply wit…
When preparing financial statements, certain areas may present interpretational challenges. This article examines two such areas—revenue recognition and the recharging of expenses.
We bring two interesting final agenda decisions issued by the IFRS Interpretations Committee in 2024. The first concerns the merger between a parent and its subsidiary, and the second concerns the question of w…
Not much has been happening lately in the accounting field, aside from the upcoming new Accounting Act, but it is already clear that, since it has not yet been presented to the Parliament, it will most likely n…