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Requirements for cash flows reporting in the Czech legislation and their development in time
[Požadavky na vykazování informací o peněžních tocích v české legislativě a jejich vývoj v čase]

Author

Listed:
  • Lucie Brabcová

Abstract

Although the benefits of the Statement of Cash Flows for its users are indisputable, historically this statement has not been captured in the Czech legislation to a major extent. The aim of the paper is to describe and evaluate the quality of cash flows reporting as required by the Czech legislation as well as its evolution over time and its future development. The research methodology is based on comparative analysis. It can be concluded that the Statement of Cash Flows holds exceptionally weak position in the Czech accounting legislation over time. For the first ten years, it had not been mentioned in the legislation at all; after its introduction only a very little number of significant subsequent changes was made. Moreover, not even the current discussions on the new concept of accounting legislation do not indicate any intention to reconsider the approach to such an important statement.

Suggested Citation

  • Lucie Brabcová, 2020. "Requirements for cash flows reporting in the Czech legislation and their development in time [Požadavky na vykazování informací o peněžních tocích v české legislativě a jejich vývoj v čase]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2020(3-4), pages 5-23.
    • Handle: RePEc:prg:jnlcfu:v:2020:y:2020:i:3-4:id:547:p:5-23
    DOI: 10.18267/j.cfuc.547
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    References listed on IDEAS

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    1. Ioannis Tsalavoutas, 2017. "The Role and Current Status of IFRS in the Completion of National Rules – Evidence from Greece," Accounting in Europe, Taylor & Francis Journals, vol. 14(1-2), pages 102-112, May.
    2. Gerrit Kaufhold, 2015. "Compatibility of the IFRS for Small and Medium-sized Entities and the new EU-Accounting Directive," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(6), pages 1945-1951.
    3. Henry Jarva & Hanna Silvola, 2017. "The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Finland," Accounting in Europe, Taylor & Francis Journals, vol. 14(1-2), pages 88-93, May.
    4. Jill Collis & Robin Jarvis & Len Skerratt, 2017. "The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from the UK," Accounting in Europe, Taylor & Francis Journals, vol. 14(1-2), pages 235-247, May.
    5. Ann Jorissen, 2017. "The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Belgium," Accounting in Europe, Taylor & Francis Journals, vol. 14(1-2), pages 29-39, May.
    6. Irene Karamanou & Anastasia Kopita & Lina Lemessiou, 2017. "The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence on Cyprus," Accounting in Europe, Taylor & Francis Journals, vol. 14(1-2), pages 49-55, May.
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    More about this item

    Keywords

    Accounting; Statement of cash flows; Cash flows; Účetnictví; Přehled o peněžních tocích; Peněžní toky;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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