Czech Financial and Accounting Journal, 2019 (vol. 2019), issue 3

Articles

The influence of the work of Luca Pacioli on the development of accounting in our country

Pavla Slavíčková

Český finanční a účetní časopis 2019(3):5-16 | DOI: 10.18267/j.cfuc.532  

The publication of Luca Pacioli's work in 1494 caused the turning point in the development of double-entry bookkeeping and supported its expansion from Italy to other European countries. The article takes into account the research on this topic and seeks parallels between development in the Czech lands and Western Europe in the early period of accounting history. Based on the heuristic research and regressive criticism of sources preserved in the Czech archives and libraries, the article claims that there are no evidences about the expansion of Paciolio's work or other prints on double-entry bookkeeping in the Czech lands, similar manuals published...

Analysis of the impact of IFRS 9 on the banking sector in the Czech Republic

Jáchym Lukeš

Český finanční a účetní časopis 2019(3):17-31 | DOI: 10.18267/j.cfuc.533  

This article discusses the impact of the implementation of IFRS 9 on the banking sector in the Czech Republic, focusing primarily on observable data from the financial statements of banking institutions. The analysis included data from 33 banking institutions that hold more than 98% of the value of banking assets in the Czech Republic. The analysis results can be summarized so that implementation of IFRS 9 led to impairment "only" about 0.08%. Institutions reporting under Czech accounting rules have created significantly fewer provisions for assets than institutions reporting under IFRS. The impact on the reclassification of financial assets was considered...

Tax advantage for families with children

Věra Vlková

Český finanční a účetní časopis 2019(3):33-51 | DOI: 10.18267/j.cfuc.534  

Public spending on family benefits is provided by three ways - tax breaks, cash benefits and public services for families. There is wide variety of tax breaks for families among the OECD member countries. The main purpose of this article thesis is to analyse which of selected explanatory variables have an impact on the difference in personal income tax burden between childless taxpayers and families with children and which explanatory variables have impact on the amount of public expenditure on family benefits in the OECD member countries. In tax burden regression analyzes, I used two models for families with children, the first one for the families...

Intellectual capital reporting in accordance with IFRS

Martin Kučera

Český finanční a účetní časopis 2019(3):53-70 | DOI: 10.18267/j.cfuc.535  

The article focuses on disclosure of information regarding the intellectual capital in annual reports of companies carrying out their reports based on IFRS standards. Intellectual capital can be defined as a combination of human, structural and relation capital of an organisation and is very closely connected to the issue of intangible assets in accounting. For the purpose of determination of the current state of reporting, the annual reports of companies included in the stock index TexDAX (30 biggest tech-companies on the german stock market) for the year 2017 were analysed. The analysis of the financial statements, including notes, showed that entities...