New Interpretation of the National Accounting Board I-49
The following article briefly summarises the main points of the new interpretation of the National Accounting Board I-49 “Recognition and Measurement of Liquid Valuables”.
Lease reporting under the draft of the new Accounting Act
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. One of the major changes that the new Accou…
Main changes in the new draft Accounting Act
On 15 January 2024, the Ministry of Finance published a draft of the new Accounting Act after incorporating comments from the internal and external comment procedure. What are the biggest changes from the versi…
Changes in the Czech accounting legislation from 1 January 2024
In the following article, we summarise changes in the Czech accounting legislation that are effective from 1 January 2024.
The bill of the new accounting act has been published
On 15 January 2024, the Ministry of Finance of the Czech Republic published the bill of the new accounting act. The bill has been significantly changed since the last version published in November 2022, when it…
What to remember when calculating deferred tax for 2023
Which entities are required to account for deferred tax? And how is this tax properly calculated? In the following article, we have outlined what to pay special attention to when calculating deferred tax in the…
Software as a licence – an asset or an expense?
The technological evolution of recent years has caused companies to shift away from proprietary software and on-premises servers to licensing and cloud solutions. This development has significantly affected the…
Impact of the government’s Consolidation Package on the Accounting Act
The government's consolidation package, which is currently going through the legislative process, brings a number of changes that will also affect accounting. The most significant one is undoubtedly the introdu…
Updated Interpretation of the National Accounting Board I-8
The following article briefly summarises the key points of the National Accounting Board’s updated interpretation I-8 Social Fund and Similar Funds from Profit.