Czech Financial and Accounting Journal, 2009 (vol. 2009), issue 4
Introduction
Dvacet let finančních a bankovních reforem v České republice - pohled z ptačí perspektivy
Bohumil Král
Český finanční a účetní časopis 2009(4):4-5 | DOI: 10.18267/j.cfuc.43 
Vážení čtenáři, kdo se obával, že konference 20 let finančních a bankovních reforem v České republice, kterou 11. listopadu 2009 uspořádala ve spolupráci s Českou národní bankou Fakulta financí a účetnictví Vysoké školy ekonomické v Praze, bude hlavně nostalgickým, ale i vzpomínkovým optimismem ovlivněným ohlédnutím za minulými lety transformace, byl podle mého názoru příjemně překvapen. Tím nechci říci, že nezněla data významných transformačních kroků a příspěvky, které se minulostí zabývaly. Data a obsahové souvislosti však v zásadě všichni vystupující využili k reálným a leckde i kritickým úvahám o tématech vysoce aktuálních do budoucna. Věřím,...
Articles
Environmental Management Systems as one of the Sustainability Development Instruments; a Position and the Role of Management and Financial Accounting
Dana Kovanicová
Český finanční a účetní časopis 2009(4):6-20 | DOI: 10.18267/j.cfuc.44
The paper defines enterprise environmental management systems (EMS) to formulate the positions and functions of environmentally oriented management accounting (EMA) subsequently. It is accounted for, that EMA plays very important role during preparation and installation of EMS and - moreover - that it has a crucial role during operating of the system. Strength of this system lies in its orientation on value and physical information not only ex post, but ex ante as well. Financial accounting is still not yet oriented on presentation of information with the impact on sustainable development, even though its conceptual framework does not hamper it.
Approaches and possibilities of using accountingt information to measure sustainable development of corporation
Jana Fibírová, Bohumil Král
Český finanční a účetní časopis 2009(4):21-34 | DOI: 10.18267/j.cfuc.45
Evaluation of the company's social accountability for its sustainable development requires including measurement of social and environmental influences into accounting system. Subject of interest of environmental accounting should not be only adding of financial accounting about environmental costs and benefits but the new conceptual approach to accounting information. It can be solved by connecting strategic and tactic management criteria, financial and non financial measures with the respect to comparability, timeliness and verifiability of accounting information.
Accounting and Reporting for Sustainable Development
Dana Dvořáková
Český finanční a účetní časopis 2009(4):35-45 | DOI: 10.18267/j.cfuc.46
The view on an enterprise is changing in connection with the adoption of sustainable development conception. An enterprise begins to be perceived as a unity of economic, social, and environmental dimensions. A call for information about social and environmental dimensions of business is undoubted. An empirical study which was accomplished within this research positively validated that insufficient cohesion of information among economic, environmental and social dimensions of business weakens the information potential and reliability of presented information. On the contrary, the consistent use of multidimensional conception demands the information...
Sustainability Accounting as a Tool for Corporate Sustainability Performance Management
Jaroslava Hyršlová, Marie Kubáňková
Český finanční a účetní časopis 2009(4):46-55 | DOI: 10.18267/j.cfuc.47
Sustainability accounting is the generation, analysis and use of monetarized environmental and socially related information in order to improve corporate environmental, social and economic performance. Sustainability accounting should be based on the extension of the existing scope of conventional accounting or environmental accounting, and should reflect not only economic and environmental, but also social issues. Environmental accounting provides the users with highly significant information serving as support for their decision-making in the conditions where company's environmental approach is of effect on success of business. If company goals include...
The Using of Environmental Accounting for Investment Decisions
Bohuslava Knapová
Český finanční a účetní časopis 2009(4):56-64 | DOI: 10.18267/j.cfuc.48
Investment projects of the environmental character can call out costs, cost savings and benefits, which are the result of the effect of the wide spectrum of factors. If these factors and their economic results are not the component of the evaluation, some environmental projects can be as economic unadvantageous (uneffective), although in thoughts on all relevant facts the result of the evaluation would be wholly different. Tasks of the environmental accounting are: to identify all aspects, which evaluated project influences, to assess all their consequences and to include them to the financial evaluation of investment projects. Withal it is necessary...
Environmental Management Accounting and Costing of Products
Libuše Šoljaková
Český finanční a účetní časopis 2009(4):65-72 | DOI: 10.18267/j.cfuc.49
The increasing requirements for the management accounting in relation to environmental and social issues are reflected in the costing of products. The calculation of the products costs is for the evaluating of the products benefits. Traditional management accounting assessed the benefit on the basis of products contribution and profit. These measures take various modifications and expression in relation to management decisions. On the other hand, usually based only on cost-benefit expressed in the accounting, financial and economic base. Regarding the focus on social and environmental aspects, it is necessary to take into account the environmental...
Application of Material Flow Cost Accounting in Ceramic Manufacturing Plant
Jaroslava Hyršlová, Miroslav Vágner, Jiří Palásek
Český finanční a účetní časopis 2009(4):73-85 | DOI: 10.18267/j.cfuc.50
Material Flow Cost Accounting (hereinafter MFCA) belongs to very important methods of Environmental Cost Accounting (and thus also of Environmental Management Accounting). It is a basic tool of management approach referred to as flow management, whose aim is to manage mainly production processes with regard to material, energy and information flows so that production process runs efficiently and in conformity with the set targets. The paper focuses on the case study of MFCA in the ceramic manufacturing plant of the company Lasselsberger. The paper characterizes MFCA as a tool for the management of material flows and points out the significance of MFCA...
Taxation of cigarettes in the Czech Republic in Context of Harmonization of Given Excise Duty Rates in the European Union
Petr David
Český finanční a účetní časopis 2009(4):86-100 | DOI: 10.18267/j.cfuc.51
Excise duty imposed on cigarettes is a subject of tax harmonization effort in the European Union. Important element of this effort is the unification of tax rates, harmonization of proportions of individual parts of tax rates and harmonization of total amount of tax imposed on cigarettes. Cigarette taxation requirements referring to mentioned criteria vary, therefore the European Union member states, including Czech Republic, member since 2004 - must adapt their national legislation according to these changes. Despite of several exceptions negotiated during the entry procedure and even after expiration of the transitional period term, one of these...
The Role of External Auditors in Detection Process of Accounting Frauds
Libuše Müllerová
Český finanční a účetní časopis 2009(4):101-104 | DOI: 10.18267/j.cfuc.52
The polemic refers to the article on frauds and its various forms. It claims an internal audit as a major preventative measure against frauds and questions the role of an external audit. Such point of departure remains, in my opinion very contested issue. Were an external auditors guided by international auditing standards, a fraud should be disclosed as a consequence of a significant incorrectness in the financial statement.
Firm Strategic Thinking and its Informational Support
Bohumil Král
Český finanční a účetní časopis 2009(4):105-108 | DOI: 10.18267/j.cfuc.53
The aim of the paper is to evaluate contentual benefit of the newly-issued book of Jaroslav Wagner "Performance Measurement" The paper concludes the most important benefits of the book are its system-oriented, interdisciplinary view at investigated reality, user orientation and appropriate combination of conceptual considerations and practical examples. Moreover, paper evaluates by a positive way phrasing, language and stylistic level of the book. It stresses not simple phenomena and interrelations are the subject of the book; they are, however, described by readable way which gives opportunity to get into the performance management areas by very attractive...