Czech Financial and Accounting Journal, 2018 (vol. 2018), issue 4
Articles
The efficiency of the tertiary education in selected European countries: Focus on Visegrad Group
Pavla Mikušová
Český finanční a účetní časopis 2018(4):5-17 | DOI: 10.18267/j.cfuc.519 
The European tertiary education is mostly financed by government. The ratio of public expenditure on the total expenditure on tertiary education is 76 % in Visegrad Group. Therefore we focused on measuring the efficiency of tertiary education in selected European countries with focus on Visegrad Group. We used DEA methodology and constructed four output-oriented models. Overall rating showed Poland on 6th place, Hungary on 15th, the Czech Republic on 16th and Slovakia on 17th. Results showed important information about managing the outputs. On the other hand, it is necessary to do other deeper analysis (e.g. increasing the number of graduates and its...
Changes in the Demographic Structure and Health Expenditures in the Czech Republic
Alena Maaytová, Eva Gajdošová, Lenka Láchová
Český finanční a účetní časopis 2018(4):19-31 | DOI: 10.18267/j.cfuc.521
The economic situation of Health care is linked in each country to economic development. There are a lot of factors that can be classified, inter alia, according to time, i.e., whether they affect the current situation or whether it will more affect future developments. From the point of view of a longer period, the demographic structure of the population is an important factor. In the Czech Republic, as in many other countries, are two factors influencing the development of the Czech population, such as a lower birth rate (in 2017 the birth rate was 1,69) and a prolonged life expectancy. Opinions as to whether aging is an important factor affecting...
Characteristics of bookkeeping systems used in Czechoslovakia in the second half of the 20th century
Miloslav Janhuba, Jaroslava Janhubová
Český finanční a účetní časopis 2018(4):33-50 | DOI: 10.18267/j.cfuc.520
This paper focuses on the systems of accounts in the Czech lands roughly during the second half of the twentieth century. The period is characterized by the strong variability of the rules, which we usually refer to as national adaptation of bookkeeping. From the second half of the 1940s until the early 1990s, our country underwent a specific economic development that can be labeled as "an exit of and then return to the market economy." The legislativ of bookkeeping in force at that time led to changes - often radical - in the form of three reforms. The system of accounts was gradually "redesigned" from the market-oriented corporate accounting (1946-1952)...
The dependence of the costs of borrowed interest-bearing capital on the chosen financial variables
Lucie Rudolfová
Český finanční a účetní časopis 2018(4):51-69 | DOI: 10.18267/j.cfuc.522
The article examines the dependence of the costs of borrowed capital on two financial variables (interest coverage and the total volume of interest-bearing borrowed capital). The aim is to evaluate the ability of these two variables to predict the costs of borrowed capital for the purpose of business valuation. Interest coverage as the first variable has been chosen as the main component of the interest coverage model suggested by A. Damodaran in 2006. This model is recommended in literature as one of the possible methods for the estimation of the costs of borrowed capital. This model is not based on the Czech data and that is the reason why I try...
Do Czech small and medium-sized companies disclose non-financial information?
Marcela Zárybnická Žárová
Český finanční a účetní časopis 2018(4):71-83 | DOI: 10.18267/j.cfuc.523
The aim of this paper is to identify whether small and medium-sized companies in the Czech Republic disclose non-financial information even though non-financial information disclosure is not obligatory. To answer on research question meant to determine non-financial information in the article as a first step. As a next step of research, manually collected data from annual reports and explanatory notes to financial statements for selected Czech small and medium-sized companies in Commercial Register were established as the databases for small and medium-sized companies doesn't exist in the CR. Content analysis for 650 companies was used to select 75...