Czech Financial and Accounting Journal, 2019 (vol. 2019), issue 1

Articles

Implementation of the changes in accounting for the leases in accordance with IFRS 16 in the national accounting regulation in SR from the point of view of an lessee

Miloš Tumpach, Zuzana Juhászová, Zuzana Kubaščíková

Český finanční a účetní časopis 2019(1):5-16 | DOI: 10.18267/j.cfuc.524  

The article deals with the comparability of the requirements for accounting for leases as a source of a long-term financing of lessees in accordance with the IFRS and national accounting legislation in Slovakia. Even though current Slovak legislation has been inspired by the IFRS (namely, IAS 17), no full compliance has been ever achieved. The gap between national and international regulation was even widened by the introduction of the standards IFRS 16 (which came into force in 2018). Consequently, the Slovak legislation is dealing with the task of how to resolve these differences. The article compares accounting treatments of leases (from the point...

On the risk of sovereign exposures

Naďa Blahová

Český finanční a účetní časopis 2019(1):17-33 | DOI: 10.18267/j.cfuc.525  

The article, in general terms, describes the sovereign risk and the risk of excessive concentration of sovereign exposures within the balance sheets of the banks. Based on an analysis focused on the development of this phenomenon within the given period, both in the Czech Republic and in other selected countries, the rate of effectiveness of the Czech central bank's position towards this potential source of financial instability was assessed. Mutual interconnection of the banking sector and the state is percieved as significant and potentially risky. The reasons are related to many interconnections that may adversely affect the stability of one or...

Revenue disclosure requirements: IFRS vs. Czech accounting principles

Petr Vácha

Český finanční a účetní časopis 2019(1):35-49 | DOI: 10.18267/j.cfuc.527  

The purpose of the article and related research is the comparison of the quality of revenue disclosures. For this purpose the current state of requirements for revenue disclosure in Czech accounting legislation and IFRS is outlined. In the next step the sample of financial statements was determined. The sample consisted of 10 largest Czech companies reporting under Czech accounting principles and 10 largest Czech companies reporting under IFRS, both of these based on revenue amount. The sample was reviewed from perspective of 11 evaluation criteria consisting of general revenue principles and disclosures about nature and content of revenues. The results...

Transparency and Application of IAS 20 by the European Air Navigation Services Providers

Luboš Hlinovský

Český finanční a účetní časopis 2019(1):51-63 | DOI: 10.18267/j.cfuc.526  

The Air Navigation Service Providers (ANSP) are monopolistic companies, subject to regulation. The EU regulation 550/2004 requires that ANSP shall comply with the international accounting standards. The majority of European ANSPs draws the grants of the SESAR project. IAS 20 sets the rules for accounting for government grants. The subject of this article is transparency, obeying the rules of the EU Regulation 550/2004 and publishing the information according to IAS 20 in the years 2015-2017, when the ANSPs drew significant amounts from the government grants. The aim of the article is to research how the requirements of transparency of both legal documents...