Double-entry accounting according to the requirements of Act No. 563/1991 Sb. (Collection of Laws), on accounting, and with Czech accounting standards. Single-entry accounting according to the requirements of Act No. 586/1992 Sb. (Collection of Laws), on income tax. Accounting according to Czech accounting standards as well as IFRS.
Accounting principles include:
- True and fair view concept
- Accounting entity conceptGoing concern concept
- Accounting period concept
- Historical cost concept
- Realization concept
- Consistency concept
- Conservatism concept
- No compensation concept
- Materiality (relevance) concept
We have more than 20 years of experience in accounting services for Czech and international companies.