RT Journal Article
SR Electronic
A1 Gláserová, Jana
T1 Accounting methodical approaches of business entities in comparisson to bank accounting and to insurance company accounting in the Czech Republic
JF Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
YR 2014
VO 58
IS 6
SP 133
OP 142
DO 10.11118/actaun201058060133
UL https://acta.mendelu.cz/artkey/acu-201006-0013.php
AB Bank and insurance must follow the ACT on Accounting No.563/1991 in their financial statement preparation. Banks must use the special decree of Ministry of Finance for Banks and other financial institution due to their special operations and requirements Czech National Bank. The methodical approach to the valuation and recording of basic items balance sheet in banks and other financial 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.