Expenses and revenue tracking in the Czech Republic management accounting systems
Expenses and revenue tracking in the Czech Republic management accounting systems

Summary/Abstract: Management accounting is a bookkeeping subsystem used by managers and owners to obtain information about expenses actually spent, revenue realized in connection with individual performances, processes, activities or departments. The sphere of the management accounting covers, besides various calculations associated with intra-plant cost management and other related activities, the actual posting of expenses and the revenue of individual intra-plant departments. In the Czech environment, intra-plant accounting is either organized as an analytical section of financial accounting within a separate accounting circuit or as a combination of these two options. This article aims to find out how these methods are used in Czech enterprises.

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