Tuesday 5 August 2008

Financial statements in Central Europe

Financial statements in Czech Republic, Slovak Republic and Adriatic Region

Financial statements
There are three basic financial statements which must be reported at least annually by all companies in Czech Republic, Slovak Republic and Adriatic Region. These statements are Balance Sheet, Income Statement and Notes to Financial statements.
Cash Flow statement is not required by law but usually is required for all audited companies by external auditors and other users of financial statements.


Structure of financial statements
Structure of above mentioned financial statements is similar to IFRS with more detailed structure than IFRS and based on principles of particular country.

All financial statements must be presented to 6 months after finish of particular accounting period (does not have to be yet audited but must be presented to Commercial register).

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