With the approaching year end most of the companies are already prepared for key US GAAP changes becoming effective soon, for example changes in leasing accounting. There are however more changes upcoming.
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.
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…
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 …
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…
...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…
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.
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…
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…