Cash flow in the financial statements
Some reporting entities prepare an obligatory separate cash flow statement as part of the financial statements, others prepare it voluntarily – e.g. based on the requirements of users, typically investors. Some…
Closing out 2022 in IFRS financial statements
This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2022 calendar year-end and subsequent accounting periods.
Fees in accounting: estimated payables or reserves?
With the end of the financial year, many companies are faced with the need to recognise unpaid management or employee bonuses in their accounts. Each year we see different views on how to handle this in the fin…
Model Financial Statements under IFRS as adopted by the EU for the year ended 31 December 2022
The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.
ESMA has announced enforcement priorities for 2022 financial statements
On 28 October 2022, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies' 2022 financial statements will focus on.
Financial statements: How to close the preceding year and prepare for the new one?
In the following article, we have summarised what needs to be done in connection with the approval of financial statements, how to time the necessary steps leading to their disclosure, why it is advisable not t…
Model Financial Statements under IFRS as adopted by the EU for the year ended 31 December 2021 in Czech and English
The version of the model consolidated financial statements under IFRSs as adopted by the EU prepared by the Prague office of Deloitte is available on Deloitte’s website in both Czech and English.
Closing out 2021 in IFRS financial statements
This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2021 calendar year-end and subsequent accounting periods.
How to deal with inventory and stocktaking
One of the key activities in the year-end closing and financial statements preparation is stocktaking. Finding out the actual balances of assets and liabilities and comparing them with accounting records is one…