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…
New publishing options for 2021 financial statements
From 1 January 2021, new rules will start applying to the publishing of financial statements. These include the so-called Special publishing methods pursuant to Section 21b of Act No. 563/1991 Coll., on Account…
ESMA has announced enforcement priorities for 2021 financial statements
On 29 October 2021, the European Securities and Markets Authority (ESMA) announced the priority issues that the assessment of listed companies' 2021 financial statements will focus on.
Financial statements with a focus on interim financial statements
Financial statements are a set of accounting statements prepared by an entity for a reporting period as of the balance sheet date. There are three types of financial statements: ordinary, extraordinary and inte…
Model Financial Statements under IFRS as adopted by the EU for the year ended 31 December 2020 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 2020 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 2020 calendar year-end and subsequent accounting periods.
Financial Statements in the Time of the Coronavirus
We have not yet recovered from how our world virtually changed overnight. From a colourful world of abundance and wealth, we suddenly find ourselves in a world where we have to avoid personal contact, cannot mo…
Model Financial Statements under IFRS as Adopted by the EU for the Year Ended 31 December 2019 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.