Source: http://www.czechlegislation.com/act-no-563-1991-coll-on-accounting/
Timestamp: 2019-04-21 19:10:34+00:00

Document:
as amended by Act No. 117/1994 Coll., Act No. 227/1997 Coll., Act No. 492/2000 Coll., Act No. 353/2001 Coll.
Act No. 437/2003 Coll., Act No. 257/2004 Coll., Act No. 669/2004 Coll., Act No. 179/2005 Coll., Act No. 495/2005 Coll.
Act No. 57/2006 Coll. Act No. 81/2006 Coll., Act No. 230/2006 Coll., Act No. 264/2006 Coll. Act No. 69/2007 Coll., Act No. 261 / 2007 Coll., Act No. 296/2007 Coll.
Act No. 348/2007 Coll., Act No. 126/2008 Coll., Act No. 304/2008 Coll., Act No. 227/2009 Coll., Act No. 230/2009 Coll., Act No. 410 / 2010 Coll., Act No. 188/2011 Coll.
Act No. 355/2011 Coll . , Act No. 428/2011 Coll . , Act No. 167/2012 Coll . , Act No. 239/2012 Coll . , Act No. 503/2012 Coll . and Law No 344/2013 Sb .
(1) This Act shall be determined in accordance with the law of the European Union 1) the scope and method of accounting, the requirements of its conclusiveness and conditions of transfer of accounting records for state needs.
l) those to whom the duty to prepare financial statements by special legislation or accounting units under special legislation.
The provisions of subparagraph d ) to h ) shall also apply to foreign individuals . This law also applies to the person responsible for keeping under § 4a .
(3) This Act also lays down conditions enable accounting records for state needs. The survey of accounting records for the state needs is a set of activities that aim to collect the accounting records of the selected entities and entities as provided by this Act or another law, in the central system of state accounting information and the preparation of financial statements for the Czech Republic. The selected entities are the organizational, state funds under the budget rules, local authorities, voluntary associations of municipalities, the Regional Council, organizations and health insurance companies.
(4) Determination of accounting records for the needs of the state, including the preparation of financial statements for the Czech Republic, made by the Ministry of Finance (the “Ministry”), which also manages the central system of state accounting information, ensuring its use in the monitoring, detection and control of activities of the government under a special Act 37) and provides methodological support to selected entities in the determination of accounting records for the state needs.
Entity accounts on the status and movement of property and other assets , liabilities including debt and other liabilities, the costs and revenues and profit .
(1) the entity accounts for the double-entry records of facts which are the subject of accounting, in the period to which these facts and time-related issues (the “Reporting Period”), it is not possible to comply with this policy, may charge in the accounting period where such facts are discovered. During the reporting period, the entity accounts for these facts in accordance with accounting methods (§ 4, paragraph 8), taking on all costs and revenues recognized irrespective of the date of payment or acceptance.
(2) The reporting period is continuously consecutive twelve months, unless stated otherwise. Accounting period, either the calendar year or economic year. Marketing year is the accounting period can begin only on the first day of a month other than January. Accounting period immediately preceding the change in accounting period may be shorter or longer than those twelve months.
( 3 ) In the case of transformations of corporations by special legislation ( hereinafter referred to as ” the transformation of the business corporation” ) , with the exception of changing the legal form of a cross-border transfer of the seat , the applicable accounting period begins on the date and ends on the last day of the accounting period in which the entry was made above in the Commercial Register , in the case of a successor entity , the entity channeling spin-off or a successor shareholder in case of transfer of assets . For participating entities accounting period ending on the day preceding the reference date under a special law .
e ) If a decisive day for the acquiring entity , an entity distributed spin-off or successor shareholder in case of transfer of assets into a period of 3 months before the end of the calendar or fiscal year, and there is in this period while the registration of the transformation business corporations in the Commercial register.
(5) Entities that are not a government department, local government unit or entity arising or established by special law, 1c) can be applied year. Apply the marketing year is only after notification to change the period locally competent tax income of at least 3 months before the planned change in accounting period or before the end of the current accounting period, whichever is earlier from date, otherwise the period remains unchanged. Such a change in accounting period, an entity in the current accounting period to make only once. Similarly, the entity shall act as you move from the marketing year for the calendar year.
b ) the acquiring entity , the entity channeling spin-off or transposing a partner in the event of transfer of assets within 30 days from the date of registration of the transformation business corporations in the Commercial Register.
(1 ) The entity referred to in § 1 , point 2 . a) , c ) and i ) to l ) are obliged to keep records of the date of its creation until the day of his death ; entity mentioned in § 1, paragraph 2 , point . b ) are obliged to keep records of the date of commencement of operations until the date of termination in the Czech Republic.
(2) An entity referred to in § 1, paragraph 2, point. d) are obliged to keep accounts from the date of incorporation until the date of removal from the register, they suffered the obligation to keep accounts pursuant to § 1, paragraph 2, point. e), g) or h).
(3) An entity referred to in § 1, paragraph 2, point. e) are obliged to keep records from the first day of the accounting period following the calendar year in which they have become an entity until the last day of the accounting period in which they ceased to be the entity that incurred the obligation to keep their accounts according to § 1 paragraph 2 point. d), g) or h).
(4) An entity referred to in § 1, paragraph 2, point. f) are obliged to keep records from the first day of the accounting period following the period in which they have decided to keep accounts, unless the lead in accounting from the date of commencement of business or other self-employment until the date of cessation of those activities or to the last day of the reporting period in which they have decided to terminate the book-keeping, and if they incurred the obligation to keep accounts pursuant to § 1, paragraph 2, point. d), e), g) and h).
until the last day of the accounting period in which they ceased to be shareholders in associated companies suffered when their obligation to keep accounts in accordance with § 1 paragraph 2, point . d ), e) or h) .
(6) An entity referred to in § 1, paragraph 2, point. h) are obliged to keep records of the date of commencement of operations until the date of termination, unless a special law provides otherwise, and neither the obligation to keep their accounts according to § 1, paragraph 2, point. d), e) or g).
(7) With the exception of termination may be an entity pursuant to § 1, paragraph 2, point. d) to h) Terminate the bookkeeping soon after 5 consecutive accounting periods in which leading accounting.
w) the requirements for the organization of the clearance of accounts selected entities and arrangements for cooperation of those involved in the approval process.
(9) An entity shall keep accounts for an entity as a whole.
(10) Accounting units are obliged to keep books in a set of accounting records; And they can use technical means, media and software. Accounting records means the data that is a record of all facts relating to accounting. Any fact relating to the accounting entity is required to record exclusively accounting records.
(11) Individual records can be grouped into summary accounting records, such accounting records are primarily accounting documents, accounting records, ledgers, depreciation schedule, inventory lists, chart of accounts, financial statements and annual report. Entities are required to maintain accounting records lead at least to the extent provided by law.
(12 ) Entities are obliged to keep accounts in monetary units Czech currency. In the case of receivables and payables, interest in a company , 2 ) the rights of securities 3 ) and dematerialized securities (the ” Securities” ) and derivatives , 4) valuables, when expressed in foreign currency , and foreign currencies are entities are required to use at the same time foreign currency , this obligation also applies provisions, reserves and technical provisions , 6) if the assets and liabilities to which they relate , are denominated in a foreign currency.
(14) The information system under a special legal regulation 7) accounts can only be considered as a whole.
(15) Entities are required in the relevant accounting period, accounting method used under paragraph 8 as in force at the beginning.
(1 ) In keeping trust funds , including the financial statements and the fulfillment of other obligations stipulated by this Act , is responsible administrator , if several administrators charged with common management , jointly and severally. Accounting for trust funds , which are investment funds under the law regulating investment companies and investment funds , including the financial statements and the fulfillment of other obligations stipulated by this law , are responsible administrator and Management Company jointly and severally.
( 2 ) In keeping other investment funds without legal personality under the law regulating investment companies and investment funds , including the financial statements and the fulfillment of other obligations stipulated by this law , are responsible administrator and Management Company jointly and severally.
( 3 ) In keeping other entities without legal personality , including the financial statements and the fulfillment of other obligations stipulated by this law , responsible person that is saved prepare financial statements, and the person who acts on behalf of an entity , or other person , which stipulated by a special law , and to jointly and severally.
(1) An entity may entrust the leadership of its accounting and other legal or natural person.
(2) authorization under paragraph 1 shall not relieve the entity has responsibility for accounting.
(1) Entities are required to capture the facts that are subject to accounting, (hereinafter referred to as “carrying cases”) accounting documents.
(4) Accounting units are obliged to compile financial statements according to § 18 as good, or as a special or interim, and, moreover, in cases provided for in § 22 to 22b are compiled and consolidated financial statements.
(5) Entities and other entities, as provided by this Act or any other law, are required to submit records to the central system of state accounting information and to take records from a central system of state accounting information, or take request for transmission of the requested accounting record pursuant to a special legal regulation governing rules for the format, structure, transmission and security of accounting records in a technical form of selected entities.
(6) In the event that a special law approved by the founder or other entity selected financial statements of an entity, provide the selected entity synergy for the approval of its financial statements.
(1) Entities are required to keep records so that the financial statements which give a true and fair view of the accounting and financial situation of the entity.
(2) The display is true if the content of financial statements corresponding to the actual state that is displayed while in accordance with accounting methods, the use of an entity is imposed under this Act. The display is honest when he used the accounting method in a way that leads to achieving loyalty. Where an entity can choose between several options and the accounting methods chosen option would be papered over the real situation, the entity shall select another option that corresponds to the actual state. Where in exceptional cases, the application of accounting methods provided for implementing legislation is incompatible with the obligations under paragraph 1 shall proceed notwithstanding an entity so that it is administered fairly.
(3) An entity shall apply the accounting methods in a way that assumes that it will discontinue its activities and does not occur to her that there is no evidence that it would restrict or prevent it in this activity to continue for the foreseeable future. In the event that the entity has information about it such that in fact occurs is required to apply accounting methods means appropriately, with information on the method used are required to attach to the financial statements.
(4) The arrangement and labeling of the balance sheet and profit and loss and their content definition and valuation methods used in one accounting period, the entity changed in the subsequent period. An entity may have the structure and content labeling and the definition and valuation change in whole or in part between accounting periods only by reason of amendments of business or other activities, or for reasons of clarification and improvement of a fair presentation financial statement presentation, and information about any such change with its proper justification are required to attach to the financial statements.
(5) Entities are required in the financial statements [§ 18 paragraph 1 point. c)] always give information about the accounting methods, if any, deviations from these methods in accordance with paragraph 2 with the proper justification and details of their impact on the assets and liabilities, financial position and profit entity. Selected entity reported in the financial statements is also information about your account off-balance sheet accounts in the book.
(6) An entity shall account for assets and liabilities, as well as funding the state budget funds and local government budgets, costs and revenues in the accounting books and display them separately in the financial statements without clearing them. Violation of clearing cases are modified accounting methods.
(1) Entities are required to keep records accurate, complete, conclusive, clear, transparent way that ensures sustainability and accounting records.
(2) Accounting entity is correct, if the entity shall keep accounts so that it is not contrary to this Act and other legislation or circumvent their purpose.
(3) Accounting is a complete entity if the entity recorded in the accounting period in the books of all transactions that it had recognized under § 3, and by the end of this period for him immediately preceding financial year has prepared financial statements, as appropriate, consolidated financial statements drawn up an annual report or the consolidated annual report to disclose information pursuant to § 21a and has all the facts about these records, and clearly arranged.
(4) The accounts of an entity is conclusive, if all of the accounting records are significant (§ 33a) and made an inventory of the entity.
(6) The accounts of an entity is conducted in a manner that ensures sustainability accounting records, if the entity is able to fulfill obligations associated with their storage and processing in accordance with § 31, 32 and § 33 paragraph 3 and 7 for the entire period during which it by this Act saved.
(1) Unless this Act or special legislation provides otherwise, an entity shall keep accounts in full.
(2) An entity referred to in § 19a and 23a in accounting fully the methods of these provisions.
d) other entity for which this is provided by special law.
( 4) Entities pursuant to § 1, paragraph 2 , point . d ) to l ) can keep accounts in the simplified ones that are not required to have their financial statements audited, or those for which it provides a special law.
(5) The obligation to keep accounts in full each entity is no longer fulfills the conditions set out in paragraph 3 or 4 in a simplified accounting extent, on keeping in a simplified scale, an entity may pass if it meets the conditions set out in paragraph 3 or 4 in a simplified accounting range. Changes in scope of bookkeeping can be done only on the first day of the accounting period following the accounting period in which the entity discovered those facts.
repealed by Law No. 353/2001 Coll.
f) signature of according to § 33a paragraph 4 of the person responsible for the carrying case and signature of the person responsible for its recognition.
The facts referred to in subparagraphs a) to f) relating to the accounting document, may be included on multiple accounting records. The facts referred to in subparagraphs b) and c) may cover multiple transactions. In these cases, the accounting record and accounting document must contain an identifier which can uniquely determine the correlation between accounting records and accounting document, including related facts. Signature by the letter f) may be common to multiple accounts.
(1) Accounting records are records whose content is determined by the provisions of this Act relating to the accounting ledgers.
(2) An entity shall make the accounting records kept in the accounting period following the issuance of an accounting document in a manner that will not jeopardize compliance as well as other legislation. The accounting entry must be accompanied by signature of the person responsible for its implementation, if not identical to the signature of the person responsible for recording accounting transactions.
(3) Entries must not carry out the entity’s accounting books.
d) off-balance sheet accounts in books, in which the state accounting records, which are not made according to the books) and b).
(3) An entity may establish accounts outside the chart of accounts and ledgers.
f) prepare financial statements to the extent provided for each group of entities (§ 4, paragraph 8) by the implementing regulation.
(2) Entities that keep their accounts in a simplified range pursuant to paragraph 1 may apply the provisions of § 13 paragraph 1 point. c) and d).
(1) chart of accounts, the organization and designation of accounting classes or account groups, or even synthetic accounts for the accounting of state and movement of assets and other assets, liabilities and other liabilities, the costs and revenues, and profit, the organization must ensure that the assembly financial statements. For the selected entity’s chart of accounts may also determine the layout and marking and labeling of the analytical accounts and arrangement of off-balance sheet accounts.
(2) On the basis of chart of accounts referred to in paragraph 1 are obliged to establish an entity chart of accounts, stating the accounts required to post all accounting transactions and preparing financial statements in the entity.
(3) Entities compiled chart of accounts in accordance with paragraph 2 for each accounting period during the accounting period is the chart of accounts can be complementary. If not for the first day of the accounting period to change the current chart of accounts in the previous reporting period, the entity shall proceed in accordance with this schedule in the coming period.
repealed by Law No. 437/2003 Coll.
(1) Monetary amounts in the books of the analytical accounts must comply with appropriate aggregate amounts of turnover or cash balances of ledger accounts, to which these accounts are maintained.
(2) In the books of accounts shall be used for analytical expressions in monetary units, can be used only units of measure and quantity terms.
j) for a date for the opening balance sheet by special legislation.
j) the date on which the obligation to close the accounting books and prepare financial statements by special legislation.
( 3 ) the entity involved in the transformation of business corporations open up the books as of the date of the conversion of business corporations and keep their accounts separate from the decisive day of business corporations to write the conversion of business corporations in the Commercial Register. The successor entity that is not participating entities , opening the books on the date of registration of the transformation business corporations in the Commercial Register with effect from the effective date in accordance with the method of transformation of business corporations. At the date of registration of the transformation business corporations in the Commercial Register on the day before or the day following the date of registration of the transformation business corporations in the Commercial Register does not prepare financial statements , unless stated otherwise. The financial statements do not compile the acquired entity as of the last day of the accounting period after the closing date , if the date of registration of the conversion of business corporations to take place in the following period .
(4 ) In case of transfer of assets to a successor shareholder who does accounting, the acquired entity participating closes the books on the day preceding the date of registration of the transformation business corporations in the Commercial Register.
(5 ) If, during the transformation of cross-border business is the successor corporation or by the receiving partner is a foreign entity and the dissolving of the participating entity under § 1 , paragraph 2 , point . a) an entity created pursuant to § 1, paragraph 2 , point . b ) does not open the entity as of the date of its activity books, but continues to lead the accounting adjustments made in accordance with the methods of conversion business corporation with effect from the effective date . If you cross- conversion is the successor corporation or business partner , transposing the foreign person and the dissolving of the participating entity under § 1 , paragraph 2 , point . a) the entity does not arise under § 1 , paragraph 2 , point . b ) closes the acquired entity participating in § 1 , paragraph 2 , point . a) books to the date of termination . This provision does not apply to cross-border change of legal form and the cross .
(6 ) In accordance with paragraphs 3-5 is not followed , it is in the transformation business corporation date of registration of the conversion of business corporations in the commercial register of the same with the effective date . When this conversion Trade Corporation concluded an entity involved in the transformation of business corporations ledger on the day preceding the record date conversion business corporations. The reference date conversion business corporations only open the books of the acquiring entity , the entity demerger or spin-off the receiving partner in the case of transfer of assets . In the case of cross-border conversion , unless the parties being acquired entity under § 1 , paragraph 2 , point . a) an entity created pursuant to § 1, paragraph 2 , point . b ) , and the entity opens the books as of the date of the conversion of business corporations.
( 7) After approval of the financial statements of an entity may not add other entries at any time thereafter entered into the books except in cases of conversion business corporation referred to in paragraph 3 Until the approval of the financial statements , but not later than the end of the next reporting period , the entity may only reason that the content of financial statements does not correspond to the actual state , has closed the books opened again and make necessary correction of accounting entries and creates new accounts , which this becomes the financial statements in accordance with this Act.
(5) Where the legislation establishing the entity an obligation to draw up regular or extraordinary financial statements as well as interim financial statements, interim financial statements are not prepare.
c) Annex, which explains and supplements the information contained in the sections referred to in points a) and b), in particular the fulfillment of § 7, paragraph 3 to 5 and § 19 paragraph 5, Annex also contains information on the amount payable, payables to social security contributions employment policy, the amount outstanding liabilities of the public health insurance and the amount of tax arrears registered with the local tax authorities.
and must be connected to the signature of the statutory body of the entity in accordance with § 1 paragraph 2, point . a) to c ) the signature of the entity in accordance with § 1 paragraph 2, point . d ) to h ) or signature of the persons specified in § 4a entity under § 1 , paragraph 2 , point . i) to l ) attaching said record signing is considered the financial statements prepared in accordance with point f ) . If the date of registration of the conversion of business corporations in the commercial register of the same with the effective date , with the acquired entity’s signature recorded by the previous sentence means the signature of the person who was already a statutory body balance sheet date , unless the supreme authority of the entity otherwise .
(3) entity prepares financial statements in full or simplified scale. Unless this Act provides otherwise, in a simplified scale can prepare financial statements of entities that are not required to have audited financial statements, except for joint stock companies that prepare financial statements in full.
(1) Entities prepare financial statements at the balance sheet date, which is the date when closing the books. Annual financial statements compiled by the entity on the last day of the accounting period and in other cases compiled an extraordinary financial statements. As the opening balance sheet compiled by the entity in the cases referred to in § 17 paragraph 1, except the first day of the accounting period.
(2) Entities are required to provide information in the financial statements as at the balance sheet date, the same applies for all accounting records to be produced at the balance sheet date or to another point to which it presents its financial statements.
(3) In cases where required by specific legislation, compiled by the entity’s financial statements during the reporting period, as other time than at the end of the balance sheet date (the “interim financial statements”). In cases establishing interim financial statements of an entity does not enter into the books and made only for purposes of inventory valuation statement according to § 25, paragraph 3, the other provisions of this Act relating to accounts shall apply mutatis mutandis. The obligation to apply the provisions of § 25 paragraph 3 and other provisions concerning the application of accounting methods for compiling the balance sheet date, the interim financial statements of the selected entity does not apply. Entities under § 1, paragraph 2, point. a), b) and d) to h) in receipt of funds from the state budget or local government budgets and are required to handle these funds under a special law, 11d) and apply the marketing year under § 3, 2 and 3, compiled at 31 December of the calendar year, interim financial statements, which apply the provisions of § 24 paragraph 2 point. b) and § 24 paragraph 6 point. b).
(4) an entity prepares a balance sheet so that the opening balances of the accounts, which includes balance sheet, (hereinafter called “balance bills”), which opens the book, followed the closing balances of balance sheet accounts, which the immediately preceding period has concluded, this provision applies for off-balance sheet accounts.
and the consequences of changing an important perspective on the financial situation of the entity.
(7) For the purposes of this Act, the assets and liabilities broken down into long and short term. Means a long-term assets and liabilities, where the useful life or agreed maturity in the development of an accounting transaction is longer than 1 year, other assets and liabilities are considered short term. If given the nature of assets and liabilities can not be objectively applied aspects mentioned structure, it is crucial entity expressed an intention for their acquisition.
(8) Where required by law, may provide the entity’s accounting records carrying information arranged by subject (species) activities or geographical areas in which they operate.
(1) An entity that is a commercial company and is the issuer of securities admitted to trading on a regulated European market 36), used for accounting and financial statements IAS governed by the law of the European Union 35) (the “IASB”) .
(2) where acceptance of securities issued by an entity referred to in paragraph 1 to the European trading on a regulated market to a different day than the first day of the reporting period, the entity that has used international accounting standards, decides to use them since the beginning of the period in which the admission of securities to such trading occurred, or the beginning of the year following the accounting period in which the securities were admitted to such trading.
(3) If the securities issued by an entity referred to in paragraph 1 are no longer traded on any regulated European markets and thus ceased to be traded to a different day than the last day of the reporting period, the entity decides to apply the international accounting standards until the end of the reporting period in which securities have ceased to be so traded or decide to end their use on the last day of the fiscal year preceding the accounting period in which securities have ceased to be so traded.
(4) The procedure referred to in paragraphs 2 and 3 shall apply, if not directly applicable regulation of the European Union or a special legal regulation.
(5) If the securities issued by an entity referred to in paragraph 1 are no longer traded on any regulated markets of Europe and the highest authority of the entity decides in the end of the accounting period in which securities have ceased to be so traded, the intention to apply within three years from the when securities are no longer traded as follows on the adoption of the new securities to trading on a regulated European market, an entity may elect to apply the international accounting standards until the end of the accounting period in which it has with the adoption of a security for trading.
(6) If by the last day of the accounting period in which ends a three-year period mentioned in paragraph 5, the entity requests for admission to trading on a regulated European market, may extend the application of international accounting standards, even for one accounting period. If this accounting period to the adoption of such security is not trading, not the entity from the next financial year for accounting and financial statements of international accounting standards.
(7) If we can assume that the balance sheet date the entity referred to in § 22 paragraph 3 point. a) or b) shall submit to the consolidated financial statements using international accounting standards, may decide to use international accounting standards for accounting and preparation of its financial statements for that balance sheet date. The decision on the application of international accounting standards for accounting and financial statements and determine the accounting period from which the international accounting standards used, subject to approval by the supreme body of the entity.
(8) If it is anticipated that the balance sheet date the entity referred to in § 22 paragraph 2 to prepare consolidated financial statements using international accounting standards, may decide to use international accounting standards for accounting and preparation of its financial statements for that balance sheet date. The decision on the application of international accounting standards for accounting and financial statements and determine the accounting period from which the international accounting standards used, subject to approval by the supreme body of the entity.
(9) The use of the possibilities of an entity referred to in paragraphs 7 or 8 and are changed condition, even during the reporting period, not accounting for entity financial statements and international accounting standards since the beginning of the period in which there was a change original condition or from the beginning of the period, which was determined by the highest body of the entity, or from the next financial year. However, if the first day of the next accounting period, other reasons for the application of international accounting standards referred to in paragraphs 1 to 8, the entity for accounting and financial statements of international accounting standards in accordance with the provisions of these paragraphs.
f ) the entity to which the obligation is stipulated by special legislation.
d) if so provided by special legislation.
b) price, credit and liquidity risks and risks related to cash flow, which the entity is exposed.
(6) For the verification of the annual report by the auditor § 20 applies mutatis mutandis; subject to verification is the annual report with the financial statements.
(1) The entity under § 1, paragraph 2 are required financial statements and annual report, if required by the copy of this Act or special legislation, to publish those that are entered in the Commercial Register, or those to whom it applies special legislation. 14) An entity presents its financial statements in the extent to which they were prepared (§ 18 paragraph 3). Obligations of the entity to publication or disclosure of any information provided in special legislation 15) are not affected. The provisions on the accounting records under this Act may be used similarly in these cases.
(2) An entity referred to in § 20 published financial statements and annual report of the auditor and approved by competent authority in accordance with special regulations, 16) and within 30 days of meeting both these conditions, unless specific legislation unless a different period, but no later than immediately following the end of the accounting period regardless of whether these records indicated approval.
(4) Entities that are entered into the Commercial Register, published financial statements and annual report of their placing in the Collection of Deeds Register of Companies under a special legal regulation 17) while the financial statements may be filed as part of the annual report. Entities that under a special law to transmit an annual report of the Czech National Bank, submit financial statements and annual report to the collection of documents through the Commercial Register of the Czech National Bank. The publication obligations set of accounting records under this Act at the time the entity has fulfilled its transmission Registry Court, in cases under the second sentence by passing the Czech National Bank.
(5) Government departments published by the Ministry of accounts in a manner allowing remote access to the provisions of special regulations on handling classified information and other similar information shall not be affected. Disclosure of financial statements for the Czech Republic is done similarly.
(6) Entities that are required verification in accordance with § 20, shall not disclose information which was not previously audited, in a way that could mislead the user, that were audited.
(8) The provisions of paragraphs 1 to 7 apply to the consolidated financial statements and annual report accordingly.
(1) The consolidated financial statements means the financial statements and the modified methods of consolidation. Unless otherwise Furthermore, the provisions of this Act relating to the financial statements shall also apply to the consolidated financial statements, the consolidated financial statements are verified by an auditor.
(2) The obligation to prepare consolidated financial statements have, in terms of this Act and implementing regulations, an entity that is a commercial company and controlling party 20), with the exception of controlling persons pursuing a common effect in accordance with paragraph 4 (hereinafter referred to as ” consolidating entity “).
c) a person in which the consolidating entity exercises significant influence (hereinafter referred to as “affiliated entity”).
(4) The combined effect for the purposes of the consolidated financial statements means as influential person in the consolidation together with one or more persons not included in the consolidated group controlled by another person, the person performing collective influence exercised independently of dominant influence over another person.
(5) associates means a significant influence over the management or operation of the company under a special law which is not a decisive 20) or common, unless the contrary is proved, it is considered a significant impact with the disposition of at least 20% of the voting rights.
(6) The Group consists of an entity referred to in paragraphs 2 and 3 point. a), and under the terms of § 22 and its implementing regulations.
(7) The consolidated financial statements must be prepared to give a true and fair view of the accounting and financial situation of the consolidated group of entities under common associates and affiliated entities.
(2) Paragraph 1 shall not apply to entities that are banks or operating an insurance or reinsurance under other legislation, or issuer of securities admitted to trading on a regulated European market.
(3) consolidating entity is not obliged to prepare consolidated financial statements, if filing a true and fair view of the accounting and financial situation of the consolidated financial statements sufficient consolidating entity, because the consolidating entity controls only the consolidated entity, which are immaterial individually and in aggregate .
(1) consolidating the entity is obliged to provide timely and entities referred to in § 22, paragraph 3, that will be consolidated. At the same time they communicate information about the definition of the consolidated group and determined that the accounting records and other documents are required these entities to provide the consolidating entity’s consolidated financial statements.
(2) consolidating entity is required to prepare consolidated annual report and ensure the auditing process; subject to verification, compliance consolidated annual report and the consolidated financial statements. Obligations according to § 22 paragraph 2 and 3 and paragraph 1 shall apply mutatis mutandis in relation to the obligation to draw up consolidated annual report. Consolidated annual report is the Annual Report, which contains information about consolidation, entities under common associates and affiliated entities. If the content of the consolidated annual report and all information about the consolidating entity, which must include the annual report, not the consolidating entity to prepare an annual report. Unless otherwise Furthermore, the provisions of this Act relating to the annual report shall also apply to the consolidated annual report.
c) the equity method of consolidation (in return).
(2) Consolidated financial statements shall be prepared at the balance sheet of the consolidating entity.
(3) consolidating financial statements of the entity and its consolidated entities and entities under common effect used in the preparation of consolidated financial statements compiled by the entity in essentially the same time. Precedes the closing day of the last financial statements of the consolidated entities and entities under the joint influence of more than 3 months the balance sheet date pursuant to paragraph 2, the consolidated entity included in the consolidated financial statements based on it prepared by using the provisions of § 19 paragraph 3 at the balance sheet of the consolidating entity. In the case of entities that operate insurance or reinsurance under special legislation, it may be up to that period of 6 months.
(4) Length of the accounting period in the consolidation of financial statements must be the same. If during the period changes in the definition of entities that are obliged to submit to consolidated financial statements in accordance with § 22 paragraph 3, this information must be included in the Annex in the consolidated financial statements.
(1) consolidating an entity that is the issuer of securities admitted to trading on a regulated European market in a Member State of the European Union, the preparation of the consolidated financial statements of international accounting standards.
(2) consolidating entity mentioned in paragraph 1, of the consolidated financial statements to use international accounting standards.
(1) The preparation of financial statements for the Czech Republic, the provisions of § 22 to 22b, § 23 paragraph 1 to 4 and § 23 apply.
(3) The financial statements for the Czech Republic and financial statements for the State sub-consolidated group must be accompanied by the signature of the statutory body of an entity that has prepared these financial statements.
(4) Entities included in the consolidated group or sub-consolidated groups have the duty to provide its financial statements and any other documents necessary for the preparation of financial statements for the Czech Republic and financial statements for the consolidated group sub-state entity that the financial statements are prepared.
(5) the conditions for the preparation of annual financial statements and interim financial statements for the Czech Republic, in particular the definition of a consolidated group or sub-consolidated groups of law, determination of consolidation rules, including rules for the transmission of technical accounting records in a form and manner and scope of consolidation and use of methods determination of a variation in an implementing regulation.
(1) Entities are required to appreciate the ways assets and liabilities under the provisions of this Act.
(Hereinafter referred to as “instant prize”). The provisions of this Act, the valuation of assets and liabilities shall apply mutatis mutandis to the valuation of other assets and liabilities.
b) in other cases pro rozúčtováním total cost or replacement cost.
(4) The acquisition of movables file with separate technical-economic purpose, which serves a single purpose, or other files provided in the implementing legislation, the file will be appreciated as a whole.
(5) The method of valuation in accordance with paragraphs 3 and 4 adjust the implementing legislation, including the possibility of using the method of valuation according to paragraph 3. a) point 1 in the case of cross conversion, transfer or sale of the company.
(6) Assets and liabilities denominated in foreign currency converted entity to Czech currency at the foreign exchange market announced by the Czech National Bank, and the time of award.
(7) For the purposes of valuation under paragraph 2. a) an entity may use to convert foreign currency to Czech crowns fixed rate, which means the rate set by internal regulations of the entity under the exchange rates announced by the Czech National Bank, the accounting unit used for a predetermined period of time. Defined period of time shall not exceed the period. As the exchange rates on the basis of the hard course provides an entity applies the exchange rates announced by the Czech National Bank on the first day of the period for which the fixed exchange rate used. When using a fixed exchange rate, an entity may change the course of its internal regulation during a given time after the declaration of devaluation and revaluation of the Czech crown has to be firm changed course at all times.

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