Template-Type: ReDIF-Article 1.0
Author-Name: Lukáš Poutník
Title: Basic differences in the definition of fixed assets between Czech accounting standards and International public sector accounting standards
Abstract: The paper deals with the basic differences in the definition of fixed assets in Czech accounting legislation and International public sector accounting standards. Since 2009, the Czech accounting reform of the public sector has been in progress with the aim of establishing transparent accounting rules built on an accrual basis. At the same time International public sector accounting standards have already provided such rules in the international environment. The aim of this paper is to identify and subsequently compare the basic methodological elements that distinguish those different concepts.
Keywords: Public Sector Accounting, Účetnictví veřejného sektoru, Czech Accounting Standards, Česká účetní legislativa, Accrual basis, Fixed assets, International accounting standards for the public sector, Akruální báze, Dlouhodobá aktiva, Mezinárodní účetní standardy pro veřejný sektor
Classification-JEL: H83, M41
Pages: 5-23
Volume: 2018
Issue: 2
Year: 2018
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=510.pdf
File-URL: http://www.vse.cz/cfuc/510
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2018:y:2018:i:2:id:510:p:5-23
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/510

Template-Type: ReDIF-Article 1.0
Author-Name: Izabela Ertingerová
Title: Assessment of efficiency and productivity of the residential social facilities
Abstract: The article focuses on evaluation of the technical effectiveness of 33 specific social facilities (retirement homes), using the basic DEA (CCR and VCC) models and Malquist Index for a specific timeframe of 2011 to 2016. The main focus when selecting the retirement homes was to have the means to compare them to one another. To evaluate the effectiveness we’ve created a model that works with four inputs and two outputs. The inputs: Number of beds per one employee, wage per employee (thousands of CZK), number of beds per one employee in direct care and finally a cost per bed (thousands of CZK). The outputs: The income per bed (thousands of CZK) and a number of transfers per bed (thousands of CZK). The results show that the number of total effective retirement homes in the input-oriented model in 2011 was 57.57% in case of VRS and 24.26% in case of CRS. The input-oriented model proved the effectivity at 57.58% of cases when assuming the CTS and 24.25% when assuming the CRS. In 2016 the number of effectively functioning retirement homes in input-output model was 51.51% in case of VRS and 27.27% in case of CRS.
Keywords: Retirement homes, Technical efficiency, Productivity, Domovy pro seniory, Technická efektivnost, Produktivita
Classification-JEL: J14, J26
Pages: 25-41
Volume: 2018
Issue: 2
Year: 2018
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=511.pdf
File-URL: http://www.vse.cz/cfuc/511
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2018:y:2018:i:2:id:511:p:25-41
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/511

Template-Type: ReDIF-Article 1.0
Author-Name: Michal Kováč
Title: Approaches to stress testing for regulatory purposes by institutions using the IRBA method
Abstract: The paper deals with the stress test of institutions using IRBA method for determining the capital requirement. The VEC model was used to quantify the links between the macroeconomic variables and the risk parameters of PD, EAD and LGD. In addition to the construction of the VEC model itself, the paper presents the process of selecting appropriate macroeconomic variables and aggregating risk parameters. To design the stress scenario, the method of maximum penalizing the risk parameters of PD was used because of the failure to prove the links between the macroeconomic variables and the EAD and LGD parameters. Empirical analysis of individual variables and subsequent quantification of capital for stress test purposes was performed on the real portfolio of the retail client.
Keywords: Retail clients, Retail klientela, Stress test, VECM, IRBA, Stres test, VECM, IRBA
Classification-JEL: C53, G32
Pages: 43-59
Volume: 2018
Issue: 2
Year: 2018
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=512.pdf
File-URL: http://www.vse.cz/cfuc/512
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2018:y:2018:i:2:id:512:p:43-59
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/512

Template-Type: ReDIF-Article 1.0
Author-Name: Dušan Staniek
Title: The Expectations Hypothesis in the Theory and Practice of Current Interest Rate Instruments
Abstract: The expectations hypothesis is one of the most natural theories that attempt to explain the relationship between short and long-term interest rates. This paper summarizes the preconditions necessary for a meaningful analysis of the expectations contained in interest rates. These preconditions are further tested on five selected interest rate products. The most appropriate candidates for both the term structure analysis and the testing of the expectations hypothesis are the quotations of interest rate swaps OIS. With certain limitations, the IRS rates and the yields of highest-rated government bonds are also applicable.
Keywords: Expectations hypothesis, Term structure, Interest rates, Hypotéza očekávání, Termínová struktura, Úrokové sazby
Classification-JEL: E43, E47, G10
Pages: 61-79
Volume: 2018
Issue: 2
Year: 2018
File-URL: http://www.vse.cz/cfuc/download.php?jnl=cfuc&pdf=513.pdf
File-URL: http://www.vse.cz/cfuc/513
File-Format: text/html
Handle: RePEc:prg:jnlcfu:v:2018:y:2018:i:2:id:513:p:61-79
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcfu/references/513