Approaches to the Corporate Accounting Processes in the Czech Republic in the Conditions of the 21st century

DOI: 10.5176/2251-1997_AF-73

Authors: Ing. Lucie Vallišová and Prof. Ing. Lilia Dvořáková

Abstract:

This paper presents a current view and analysis of the approaches to the business accounting processes in the Czech Republic in conditions of 21st century. It analyses harmonization and standardization accounting process in Czech Republic. This paper seeks to answer the questions: How did the Czech accounting look like and what are the problem areas of an actual Czech accounting system? The aim of this paper is also to describe the main differences between Czech accounting system and International accounting standards.

Keywords: czech accounting; harmonization; regulation; IAS/IFRS; directives