Template-Type: ReDIF-Article 1.0
Author-Name: Petr Musílek
Title: Nobelova cena za ekonomii pro otce hypotézy o efektivních trzích
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=346.pdf
File-URL: http://www.vse.cz/cfuc/346
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:346

Template-Type: ReDIF-Article 1.0
Author-Name: Jaroslava Durčáková
Author-Name: Ondřej Šíma
Title: BRICS: Exchange Rate policy in Context of Internal and External Equilibrium
Abstract: The article deals with the exchange rate policy of Brazil in period 1999 - 2012. The first part informs about the global development of the system of exchange rates and shows marked differences after 2008. This global course is supported in the case of Brazil. Next part is concentrated mostly on the interaction between exchange rate policy and internal and external equilibrium. Brazilian balance of payments seems to be suitable concept to catch these events, including often mentioned impacts of the so called unconventional monetary policy on emerging markets. Besides these effects the Brazilian economy was influenced by long-term changes in the global economy. Rising prices of Brazilian exported commodities belonged to the most important one. These prices influenced the exchange rate of the real. In authors´ point of view the recent development of Brazilian economy indicates the presence of the so called Dutch disease. The disease is closely connected to excessive (real) overvaluation of the currency and increasing volatility of terms of trade. To confirm this idea of the Dutch disease it is necessary to monitor forthcoming years very carefully.
Keywords: Balance of payments, Platební bilance, Exchange rate policy, Kurzová politika, Brazil, Brazílie
Classification-JEL: F31
Pages: 7-29
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=348.pdf
File-URL: http://www.vse.cz/cfuc/348
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Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:348:p:7-29
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Template-Type: ReDIF-Article 1.0
Author-Name: Jana Marková
Title: Role of SDR in International Monetary System
Abstract: Presented article deals with SDR issued by International Monetary Fund in early seventies. It is a reserve asset whose issuance should reduce a dependence of foreign reserve creation on a stock of gold and on a U. S. balance of payments. After a crash of Bretton-Woods monetary system SDR should become a basic reserve asset whereby it could be possible to control and regulate international liquidity. The target of the article is to analyze its current and past role in international monetary system and to show problems that block it to play a role of a world currency and to become a global currency that international monetary system is based on. Attention is also devoted to characteristic of SDR allocation and usage mechanism and a principle of definition of its value and interest rate.
Keywords: Special Drawing Rights, Foreign reserves, International liquidity, Zvláštní práva čerpání, Devizové rezervy, Mezinárodní likvidita
Classification-JEL: F33
Pages: 30-44
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=350.pdf
File-URL: http://www.vse.cz/cfuc/350
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Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:350:p:30-44
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Template-Type: ReDIF-Article 1.0
Author-Name: Naďa Blahová
Title: About Draft on Financial Transaction Tax
Abstract: Part of the representation of the European Union chose a tax on financial transactions from a range of possible tax burden on the financial market, which began to discuss in relating to the effects the financial crisis. The aim of the article was to deal with the financial transaction tax in the context of selected theorists view as well as representatives of practice. Furthermore, the article presents a range of possible approaches with the intention to focus on the solution chosen and its risks in detail. The objectives that its supporters connect with the application of tax are evaluated in the conclusion of the article. A financial transaction tax does not include stabilizing factors. On the contrary, due to its introduction can be expected to strengthen the elements of instability in selected countries of the European Union.
Keywords: Tax, Daň, Financial transactions, Financial sector, Finanční transakce, Finanční sektor
Classification-JEL: F34, G15, G28
Pages: 45-54
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=351.pdf
File-URL: http://www.vse.cz/cfuc/351
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:351:p:45-54
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Template-Type: ReDIF-Article 1.0
Author-Name: Jiří Kostohryz
Title: Comparison of the Impact of Taxes and Other Factors on the Behavior of Companies in the Old and New European Union Member States
Abstract: The aim of this paper is to try to prove using a panel regression analysis the influence of the EATR (Effective Average Tax Rates are the indicators that businesses take into account during decisions on their investments and methods of financing) and selected variables as explanatory variables on the own constructed indicators of the share of different types of financing and different investments into selected assets to the total amount of assets. The EU countries are divided into two groups for the purpose of article: the old and new member states. A comparison is made between these two groups of countries. The panel data were obtained from financial statements of selected EU companies. These data were obtained from the AMADEUS database.
Keywords: EATR, Effective tax rate, Regression analysis, EU, Efektivní zdanění, EU, Panelová regresní analýza
Classification-JEL: H32
Pages: 55-69
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=352.pdf
File-URL: http://www.vse.cz/cfuc/352
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:352:p:55-69
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Template-Type: ReDIF-Article 1.0
Author-Name: Jiří Jakoubek
Title: Arm’s Length Principle in Intangible Assets Valuation
Abstract: All transactions in multinational enterprises which are realized among group members are very sensitive to tax risks arising from (appropriate) asset valuation. The more often the transactions are connected to intangible assets or R&D services the more tax risks they generate. This article identifies theoretical and then practical issues while stating license fees or intangible asset valuation. The authors show how it is possible to use purpose-built model of license fees for optimizing tax position of each group member, especially of the member who develops specific intangible asset. The authors compare the old version of OECD Transfer pricing for MNEs Guidelines in mentioned field with the proposed version, too.
Keywords: Transfer pricing, Transferové ceny, Princip tržního odstupu, Arm’s length principle, Oceňování nehmotného majetku, Intangible Property Valuation, License fee, Licenční poplatek
Classification-JEL: G32, H25
Pages: 70-83
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=353.pdf
File-URL: http://www.vse.cz/cfuc/353
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:353:p:70-83
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/353

Template-Type: ReDIF-Article 1.0
Author-Name: Petr Čermák
Title: Analysis of customer lifetime value model: Literature review
Abstract: The financial performance of a company is evaluated by two models in the marketing and sale phase of business cycle: tactically oriented customer profitability analysis model (CPA) and strategically oriented customer lifetime value model (CLTV). The article surveys the current literature which deals with both marketing and sales models with the emphasis on the strategic customer lifetime value model. Furthermore the article studies strengths and limitations of different models used to determine the customer lifetime value with the respect on their application on real data. The paper concludes that there is a significant amount of limitations of the fundamental model CLTV leading to a bias CLTV determination of a customer. Their neglect may lead to poor strategic management decisions about the resource allocation within the customer portfolio.
Keywords: Customer profitability analysis (CPA), Customer lifetime value (CLTV), Model ziskovosti zákazníků (CPA), Model životního cyklu (CLTV)
Classification-JEL: M30
Pages: 84-95
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=355.pdf
File-URL: http://www.vse.cz/cfuc/355
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:355:p:84-95
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/355

Template-Type: ReDIF-Article 1.0
Author-Name: Jan Molín
Title: Once Again on the Issue of Auditor’s and Tax Advisor’s Duty of Confidentiality, this Time in the Context of Changes to its Extent
Abstract: This paper deals with auditor’s and tax advisor’s duty of confidentiality. In the first part I define the auditor’s duty of confidentiality, also in the context of legal regulation development concerning the auditor’s profession. I go on to discuss aspects of breach of the duty to confidentiality and mention particular cases that are not considered to be the breach of the duty to confidentiality under the Act on Auditors. This is followed by defining the tax advisors’ legal obligation to maintain the duty of confidentiality. The paper also focuses on the comparison between auditors’ and tax advisors’ duty of confidentiality and compares the relevant legal regulation itself. The third part discusses situations when the duty of confidentiality needs to be breached, i.e. in cases when criminal activity is being investigated; and is followed by brief notes concerning the development of the extent of duty of confidentiality.
Keywords: Auditor, Auditor, Trestný čin, Duty of confidentiality, Tax advisor, Breach of the duty to confidentiality, Criminal offence, Criminal proceedings, Profesní mlčenlivost, Daňový poradce, Prolomení mlčenlivosti, Trestní řízení
Classification-JEL: K42, M42
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=357.pdf
File-URL: http://www.vse.cz/cfuc/357
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:357
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/357

Template-Type: ReDIF-Article 1.0
Author-Name: Barbora Janasová
Title: Assessment of the New IASB Lease Accounting Model from Lessees Perspectives
Abstract: There are many views on how to report leasing transactions in the financial statements. As part of the joint leasing project, IASB and FASB are trying to come up with the new standard leasing already for seven years. The aim of this paper is to assess the impact of the proposed Exposure Draft on lessees. The paper tackles the controversial areas as well as benefits of the new proposal. Individual contributions of the lessees are thoroughly examined and compared to those from auditors and to the Draft. Hopefully the wide criticism of the first Exposure Draft would have a positive impact on the second Exposure Draft, and that the second Exposure Draft would be finally accepted.
Keywords: IFRS, IFRS, Leasing, Discussion Papers, Exposure Draft, Leasing, Diskusní materiály, Exposure Draft
Classification-JEL: M41
Pages: 110-127
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=359.pdf
File-URL: http://www.vse.cz/cfuc/359
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:359:p:110-127
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/359

Template-Type: ReDIF-Article 1.0
Author-Name: Jana Gebauerová
Title: Comparison of Supervision of the Quality of Auditors' Activities in Czech and Slovak Republic
Abstract: The supervision of the quality of auditors' activities in the Czech and Slovak Republic has developed in different directions even though the default Act of 1989 for this profession was identical. The Czech approach was more aimed at the restriction of undesirable behavior of auditors the Slovak approach focused more on the rectification. For further development of the supervision of quality in the Czech Republic, it would be particularly suitable more effective quality control of auditors. Furthermore, the experience of public-interest entities in which be included entities with a turnover or assets above a certain limit should be involved, including organizational units of foreign entities. The supervision of the quality of auditors' work in these entities should remain the restrictive one.
Keywords: Supervision, Dohled, Mezinárodní auditorské standardy, International Standards on Auditing, Public-interest entities, Subjekty veřejného zájmu
Classification-JEL: M42
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=360.pdf
File-URL: http://www.vse.cz/cfuc/360
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:360
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/360

Template-Type: ReDIF-Article 1.0
Author-Name: Petr Dvořák
Title: Reform of the OTC Derivatives Markets
Abstract: The objective of this contribution is not only to explain the position of financial derivatives on global financial markets, but also evaluate their impact on the operation of financial systems. The core of this contribution is dedicated to the OTC derivatives instruments that in the period before the outbreak of global financial crisis were not subjected to almost any regulation, except for some dishonest practices. Institutional response to the global financial crisis however changed significantly the regulatory-supervisory approach also to the OTC derivatives markets. The global regulatory approach introduced quite promptly regulation of important OTC instruments and increases powers of supervisory authorities
Keywords: Global Financial Crisis, Globální finanční krize, Financial derivatives, OTC derivatives, Regulation and supervision, Finanční deriváty, Mimoburzovní deriváty, Regulace a dohled
Classification-JEL: G21
Pages: 137-144
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=362.pdf
File-URL: http://www.vse.cz/cfuc/362
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:362:p:137-144
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/362

Template-Type: ReDIF-Article 1.0
Author-Name: Jiří Sedláček
Title: Using R in Finance
Abstract: R is open source software environment (and language) for statistical computing and graphics. Different surveys are showing R's popularity has increased substantially in recent years, especially in academic environment. Therefore, at the beginning main advantages and comparison to commercial statistical software are presented. Second, selection of the best interface for given tasks is important. In each category (GUI or editors/IDEs) several product are compared. Data structure for time series in base installation is suitable for regular time series only. Therefore, several other data structures in different packages are compared: almost all support irregular time series, but differ in other attributes (often important for financial data). In following section, analysis of some well-known packages for financial data (quantmod, RQuantLib, Rmetrics collection and others) are performed. At the beginning of the last section, different ways of downloading data from Internet are shortly presented. Then the relevant sources of financial data are more deeply investigated (in particular web Quandl and corresponding Quandl package for R). Czech projects for open data (still in initial phase) are also shortly described.
Keywords: Statistics, Finance, R, Program, Data structures, Packages, Data import, Statistika, Finance, R, Program, Datové struktury, Balíčky, Import dat
Classification-JEL: C10, G10
Pages: 145-163
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=363.pdf
File-URL: http://www.vse.cz/cfuc/363
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:363:p:145-163
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/363

Template-Type: ReDIF-Article 1.0
Author-Name: Jiřina Bokšová
Author-Name: Monika Randáková
Title: Do Firms in Insolvency Proceedings Publish Their Financial Statements?
Abstract: Firms listed in Business Register are requested to publish their financial statements till the end of the consequent period at the latest in documents collection of the Register. This legal requirement follows the EU legislation. The main purpose is to protect third parties when negotiating business contracts. However, based on our research, majority of Czech firms fail in this requirement. Paper also focuses on the researching of insolvent firms and discusses fulfilling of the presenting obligation.
Keywords: Účetní závěrka, Financial statements, Reorganization, Reorganizace, Insolvency, Insolvence
Classification-JEL: G30, M41
Pages: 164-171
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=364.pdf
File-URL: http://www.vse.cz/cfuc/364
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:364:p:164-171
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Template-Type: ReDIF-Article 1.0
Author-Name: Artur Rutkouski
Title: Customer´s Profitability and Payment Conditions of a Trade Relation
Abstract: The article elaborates the possibilities of practical usage of a traditional model of Customer profitability analysis and its extension by costs of capital connected with a shorter or longer interval receivables´ coverage or with additional sources linked in inventories required by a concrete customer need. On a base of empirical research it investigates correlations between three groups of variables - between maturity of receivables and customers´ profitability, between unit price and product category and between level of customers´ turnover and interval of maturity rendered to these customers. In empirical part it concludes the investigated company takes into consideration in relations to its customer portfolio their profitability as well as contribution to its financial position. In closing general evaluation of the whole project it concludes that - despite the Customer Profitability Analysis information contribution importance - its outcomes cannot be perceived unambiguously - for example by this way a company should dispose customers whose contribution to profitability and to financial position is low or even negative. Also in these cases it is necessary to evaluate the customers´ benefit to a company development in the context of strategic horizon which can be apparent better from the subsequent Customer Life Time Value model.
Keywords: Customer profitability, Ziskovost zákazníků, Correlation analysis of customer portfolio, Contribution to the financial position, Korelační analýza zákaznického portfolia, Příspěvek k finanční pozici
Classification-JEL: M41
Pages: 171-182
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=365.pdf
File-URL: http://www.vse.cz/cfuc/365
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:365:p:171-182
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Template-Type: ReDIF-Article 1.0
Author-Name: Libuše Šoljaková
Title: Relation between Strategic Management Accounting and Strategic Management
Abstract: This paper analyses relation between strategic management accounting and strategic management. Strategic management accounting should provide information support to strategic management. But most definition of management accounting includes also elements of strategic management. Often strategic management accounting and strategic management diffuse very strongly.
Keywords: Strategic management, Strategic management accounting, SWOT, BCG Matrix, Strategické manažerské účetnictví, Analýza SWOT, Strategický management, Matice BCG
Classification-JEL: M41
Pages: 183-190
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=366.pdf
File-URL: http://www.vse.cz/cfuc/366
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:366:p:183-190

Template-Type: ReDIF-Article 1.0
Author-Name: Petr Vacek
Title: Profitability Indicator for Customers in Corporate Banking
Abstract: The article is searching for an appropriate indicator of customer profitability in corporate banking. It points out the advantages and disadvantages of the most common indicator - RAROC. Basel III regulation increases capital requirements which push banks to reassess their approach to profitability measurement. This may make the indicator based on regulatory capital approach (resp. based on risk weighted assets) superior to standard RAROC. Nevertheless, the most relevant disadvantage of RAROC is that all the costs are allocated to the customer regardless of the cause-and-effect allocation principle. It leads to a bias of such indicator and possibly also to improper management decision about customers. This issue can be solved by a modification of RAROC which measures profitability on the level of margin instead of net profit.
Keywords: Banking, Bankovnictví, RAROC, Customer profitability, RAROC, Profitability indicators, Cause-and-effect allocation, Ukazatele ziskovosti, Ziskovost zákazníka, Princip příčinné souvislosti
Classification-JEL: G21, M21
Pages: 191-199
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=367.pdf
File-URL: http://www.vse.cz/cfuc/367
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:367:p:191-199
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Template-Type: ReDIF-Article 1.0
Author-Name: Miroslav Brabec
Title: Internal Company Bank
Abstract: Due to difficult conditions having effect on internal bank operations, at present in form of payment institution only, which they occurred as a result of stricter stipulations contained in Act no. 284/2009 Coll., the Law of Payments, is now appearing a new way to use this internal value management tool back to its original purpose, which is the strengthening the financial discipline and responsibility in the direction of internal departments in a decentralized organizational and economic structure.
Keywords: Internal bank, Responsibility management, Organizational and economic structure, Vnitropodniková banka, Odpovědnostní řízení, Organizační a ekonomická struktura
Classification-JEL: M41
Pages: 200-204
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=368.pdf
File-URL: http://www.vse.cz/cfuc/368
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:368:p:200-204
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/368

Template-Type: ReDIF-Article 1.0
Author-Name: Miroslav Brabec
Title: Information Base for Common Decision-Making Role in the Management of Business Entities
Abstract: The insufficient use of information provided by management accounting is one of the major difficulties causing the problems threatening the business practice in these days. If you can afford to neglect the use of instruments of this accounting in the time of economic boom in recent years, at present, with the recession, the absence of these instruments in the internal management necessarily leads to quandary of how to deal with growing tensions between the amount of available economic resources in one hand and the size of the economic profit accredited by the external surrounding entity, on the other. Of course, it is not possible to argue that only the unwillingness of business practice to procure rational information for the original managerial decision-making is behind a relatively high percentage of failures, though, the one of the reasons, it most definitely is.
Keywords: Kalkulace, Internal management, Margin, Calculations, Vnitřní řízení, Marže
Classification-JEL: M41
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=369.pdf
File-URL: http://www.vse.cz/cfuc/369
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:369
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/369

Template-Type: ReDIF-Article 1.0
Author-Name: Ondřej Matyáš
Title: Price Setting and the Role of Management Accounting for Service Provided by Not-For-Profit Non-Governmental Organizations
Abstract: Compared to business organizations, not-for-profit non-governmental organizations consider far more factors when setting the price of their service than just expected supply and demand for. The paper focuses on both the factors which influence the price setting process and which are specific for not-for-profit sector and whether management accounting knowledge can make the process of price setting more rationale and evidence-based. Based on observation of many of NGOs, the factors can be derived and generalized - they are: insufficient knowledge of real cost structure of organizations’ activities, legislative restrictions and/or other limitations the organizations voluntarily impose mainly due to ethical considerations about availability of their service to prospective clients.
Keywords: Management Accounting, Manažerské účetnictví, Not-for-profit non-governmental organization, Price setting, Nestátní nezisková organizace, Stanovení ceny
Classification-JEL: M41
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=370.pdf
File-URL: http://www.vse.cz/cfuc/370
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:370
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/370

Template-Type: ReDIF-Article 1.0
Author-Name: Ondřej Matyáš
Title: Managing exchange rate risk in not-for-profit non-governmental organizations
Abstract: Planning and budgeting is a key controlling tool for most of the organizations, including notfor- profit ones. The paper focuses on specifics of the budgeting process, particularly the phase of drawing up the budget, in non-governmental organizations (NGOs). Based on the research, the paper identifies main types of budgeting process reflecting NGOs’ financing models, and controlling tools used in planning and budget control.
Keywords: Controlling, Management control system, Nevládní nezisková organizace, Not-for-profit non-governmental organization, Budgeting, Rozpočetnictví
Classification-JEL: M41
Volume: 2013
Issue: 4
Year: 2013
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=371.pdf
File-URL: http://www.vse.cz/cfuc/371
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2013:y:2013:i:4:id:371
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/371