Accounting methodical approaches of business entities in comparisson to bank accounting and to insurance company accounting in the Czech Republic

Jana Gláserová
2010 Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis  
GLÁSEROVÁ, J.: Accounting methodical approaches of business entities in comparisson to bank accounting and to insurance company accounting in the Czech Republic. Acta univ. agric. et silvic. Mendel. Brun., 2010, LVIII, No. 6, pp. 133-142 Bank and insurance must follow the ACT on Accounting No.563/1991 in their fi nancial statement preparation. Banks must use the special decree of Ministry of Finance for Banks and other fi nancial institution due to their special operations and requirements
more » ... d requirements Czech National Bank. The methodical approach to the valuation and recording of basic items balance sheet in banks and other fi nancial institutions are compatible with IAS/IFRS. As well insurances must use special decree of Ministry of Finance for Insurances due to their special operations -cession of insurance. The paper is concerned with the basic items of balance sheet banks and insurances and its comparations with balance sheets of other business entities.
doi:10.11118/actaun201058060133 fatcat:cxyrgcfcwfdspgusruiukkhn6q