Template-Type: ReDIF-Article 1.0
Author-Name: Petr Dvořák
Title: Výzvy pro Fakultu financí a účetnictví  v akademickém roce 2007/2008
Pages: 4-5
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=216.pdf
File-URL: http://www.vse.cz/cfuc/216
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:216:p:4-5

Template-Type: ReDIF-Article 1.0
Author-Name: Petr Marek
Title: Agency theory and Its Impact on Corporate Finance Theory
Abstract: Agency theory for the first time appeared in literature in 70s years at the works of Ross (1973), Jensen and Meckling (1976). Their starting points were transaction costs, asymmetric information, moral hazard and adverse selection. This theory gradually enforced not only in economic scientific disciplines but even in sociology and politics. From point of the view of corporate finance is the most important for the development of the discipline impact of agency costs on market value of firm. The theory has significant place in the explanation of optimal capital structure and dividend policy. Increasingly more and more representatives is appearing in the Czech scientific literature as well.
Keywords: Náklady zastoupení, Agency Costs, Agency theory, Teorie zastoupení, Corporate finance theory, Teorie podnikových financí
Classification-JEL: G30
Pages: 6-16
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=217.pdf
File-URL: http://www.vse.cz/cfuc/217
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Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:217:p:6-16
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Template-Type: ReDIF-Article 1.0
Author-Name: Vlastimil Roun
Title: Transfer prices within business combinations
Abstract: This text is concerned with problems related to transfer prices within business combinations, particularly multinational enterprises. It is based on the expectation that a company’s information system is composed of three basic accounting subsystems: managerial, financial and tax. The difference between the subsystems is primarily a result of the different needs of the users. The main goal of managerial accounting is to provide information for internal users, especially for the purposes of managing the company’s business processes. On the other hand, financial accounting focuses mainly on external users, who are interested in the company’s financial position, productivity, and its ability to generate financial resources and allocate them in a rational manner. Tax accounting is a very specific subsystem, which has the determination of the tax base as its goal and is a tool for calculating tax obligations. Transfer prices used by business combinations fulfill various functions concurrently in each accounting subsystem. These are functions that, within managerial accounting, are primarily linked to motivation and determination of competency and responsibility. Within financial accounting, internal selling prices primarily serve as a function related to the proper distribution of profits by the syndicate to the appropriate subsidiary. They perform a similar role in tax accounting, which is concerned with the proper allocation of taxable income among individual subsidiaries. This text provides a detailed analysis of the individual methods used for establishing transfer prices in managerial accounting.
Keywords: Transfer price, Manažerské účetnictví, Business combination, Managerial Accounting, Předací cena, Podnikové uskupení
Classification-JEL: M40
Pages: 17-27
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=218.pdf
File-URL: http://www.vse.cz/cfuc/218
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Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:218:p:17-27
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Template-Type: ReDIF-Article 1.0
Author-Name: Jiřina Bokšová
Title: Transfer Pricing
Abstract: In the process of the worldwide globalization appear transnational companies that place their production and trade activities into various countries of the world. The determination of transfer pricing of transnational companies is a serious and in the Czech Republic until now little noticed problem. The goal of this contribution is to outline the issue of the transfer pricing of the translational companies in the Czech Republic.
Keywords: Transfer pricing, Transferové ceny, Traditional methods, Profit methods, Profit split, Tradiční metody, Ziskové metody, Metoda rozdělení zisku
Classification-JEL: M41
Pages: 28-33
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=219.pdf
File-URL: http://www.vse.cz/cfuc/219
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:219:p:28-33
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Template-Type: ReDIF-Article 1.0
Author-Name: Lenka Láchová
Title: Standing of Property Taxation in the Czech Republic
Abstract: The article is focused on the present situation of property tax in the tax system of the Czech Republic in the context of the European Union and in their expected development. It analyses advancement of tax revenues of several property taxes, their importance in several levels of public budgets, role of real estate tax from the point of view of fiscal decentralization. It assesses the present situation of recurrent taxes on immovable property and modification proposed in taxation of farm land and possible impact on local budgets. The question of justification of their further existence in the Czech tax system is considered at transfer taxes and their possible relationship with income tax and real estate tax. Expected impact of prepared EU directive on motor vehicle taxation in Czech Republic is analyzed at the end of the article.
Keywords: Harmonizace, Tax revenue, Real estate tax, Land tax, Building tax, Estate, inheritance and gift tax, Motor  vehicle tax, Tax harmonization, Daň z nemovitostí, Daň z pozemků, Daň ze staveb, Daň z převodu  nemovitostí, Daň dědická, Daň darovací, Silniční daň, Daňový výnos
Classification-JEL: H25
Pages: 34-47
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=220.pdf
File-URL: http://www.vse.cz/cfuc/220
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:220:p:34-47
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Template-Type: ReDIF-Article 1.0
Author-Name: Anna Harumová
Title: Analýza daňového zaťaženia práce po zavedení tzv. rovnej dane
Abstract: Application equal tax in the Slovak Republic makes better allocation of income to the state budget, reduce rate repartionings in society and from long-time aspect is stimulating economic expand and creation of investments. From individual and companies view cancel progressive taxations, which up to now relate mainly enjoy success, then with higher income society. On the second side equal tax implementation advantage this category and don’t advantage category of individual and companies with low income. The system became less motivating for middle income groups.
Keywords: Tax, Equal tax, Taxes aspects, Motivating, Stimulating economic expand, Daň, Rovná daň, Daňové aspekty, Motivácia, Stimulácia ekonomického  rozvoja
Classification-JEL: H2
Pages: 48-54
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=221.pdf
File-URL: http://www.vse.cz/cfuc/221
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:221:p:48-54
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Template-Type: ReDIF-Article 1.0
Author-Name: Danuše Nerudová
Author-Name: Svatopluk Kapounek
Author-Name: Jitka Poměnková
Title: Tax Competition in the European Union and Its Influence  on the Shift in the Tax Burden
Abstract: The paper deals with the testing of the hypothesis, whether there is negative correlation between the time series of corporate income tax yield and personal income tax yield in the states of EMU and the Czech Republic. The correlation analysis has not proved the negative correlation (except Netherlands) on 5% level of importance. It can be assumed, that in most cases the present competition in the filed of corporate income taxation in the EU does not lead to the shift in the tax burden from corporations on the individuals. The differences of corporate income taxation in individual member states reflect the different economic conditions - countries with higher tax rates offers more quality labor force and stable business environment, while the newly accessed countries use the lower tax rates for their establishment on the internal market of the European union.
Keywords: Tax competition, Shift in the tax burden, European Monetary Union, Corporate  Income Tax, Personal Income Tax, Daňová soutěž, Přesun daňového břemene, Evropská měnová unie, Daň  z příjmu korporací, Daň z příjmu fyzických osob
Classification-JEL: C22, H21
Pages: 55-72
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=222.pdf
File-URL: http://www.vse.cz/cfuc/222
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:222:p:55-72
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/222

Template-Type: ReDIF-Article 1.0
Author-Name: Miloš Mařík
Title: International Accounting Standards and Capital Costs - State of Empirical  Research
Abstract: The reviewed article deals with possibility of research of benefits from transition to international accounting standards. These benefits are seen especially in possibility to improve investors’ knowledgeableness, thereby to reduce risk for investors and to reduce capital costs. However recapitulation of studies results shows that initial hypothesis failed to be validated. The author assumes that further research will bring better results. But his expectation is not too realistic. It is evident that it will be hardly possible sometimes to confirm empirically this hypothesis due to limited ability to measure capital costs and to single out an effect of international accounting standards introduction.
Keywords: International accounting standards, Mezinárodní účetní standardy, náklady kapitálu, Capital costs
Classification-JEL: G30, M40
Pages: 73-78
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=223.pdf
File-URL: http://www.vse.cz/cfuc/223
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:223:p:73-78
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Template-Type: ReDIF-Article 1.0
Author-Name: Jaroslava Roubíčková
Title: The Adoption of IAS in Europe
Abstract: The introduction of International Financial Reporting Standards (IFRS) in the European Union (EU) is important event for accounting. In particular important are three themes: convergence, enforcement and research opportunities and difficulties presented by the move to IFRS in the EU.
Keywords: Introduction of IFRS, Convergence, Enforcement, Move to IFRS, Zavedení IFRS, Konvergence, Vymáhání, Přechod na IFRS
Classification-JEL: M41
Pages: 79-81
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=224.pdf
File-URL: http://www.vse.cz/cfuc/224
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:224:p:79-81
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Template-Type: ReDIF-Article 1.0
Author-Name: Vlastimil Roun
Title: Discussion about Ex Post and Ex Ante Transfer Prices Adjustments
Abstract: This article focuses on impact of strict transfer price regulations on the firm behavior. The model comparing profit allocation behavior of the firm under strict transfer price regulation with the firm having more discretion shows that strict transfer price policy does not guarantee higher tax revenue. Regardless of transfer price method, comparable uncontrolled price or comparable profit method.
Keywords: Transfer price, Comparable Uncontrolled Price, Comparable Profit Method, Předací ceny, Metoda CUP, Metoda CPM
Classification-JEL: M41
Pages: 82-85
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=225.pdf
File-URL: http://www.vse.cz/cfuc/225
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:225:p:82-85
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Template-Type: ReDIF-Article 1.0
Author-Name: Karel Křikač
Title: Clever Guide to Evaluation of Effectiveness of Investment Project of  the European Union
Abstract: This is the review of the book of Milan Hrdý from the Faculty of Economics of Westbohemian University in Pilsen with the title of The evaluation of effectiveness of investment projects of EU in the Czech Republic published by ASPI Publishing in 2006. The book analyses the basic problems which the reader meets in the process of evaluation of these projects. Concrete theoretical and practical experiences of author which is specialized in investment decision are projected into this book.
Keywords: European Union projects, Investment decision making, Feasibility study, Projekty Evropské unie, Investiční rozhodování, Studie proveditelnosti
Classification-JEL: G30
Pages: 86-88
Volume: 2007
Issue: 2
Year: 2007
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=226.pdf
File-URL: http://www.vse.cz/cfuc/226
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2007:y:2007:i:2:id:226:p:86-88
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