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European Financial Systems 2011: Proceedings of the International Scientific Conference Cover Image

Evropské finanční systémy 2011: Sborník anotací příspěvků z mezinárodní vědecké konference konané v rámci "Slavnostní konference k 20. výročí založení Ekonomicko-správní fakulty MU". 3.6.2011
European Financial Systems 2011: Proceedings of the International Scientific Conference

Contributor(s): Petr Červinek (Editor)
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, National Economy, Supranational / Global Economy, Business Economy / Management, Sociology, Economic policy, Economic development, EU-Accession / EU-DEvelopment, Financial Markets, Public Finances, Fiscal Politics / Budgeting, Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: Financial systems; Banking; Market economy; Insurance; Accounting; Taxation and fiscal policy; Corporate policies; Stock Markets; Czech Republic; Financial Management; EU funds;
Summary/Abstract: The International Conference is focused on the presentation of theoretical and practical knowledge in the field of financial systems. A special emphasis is laid on new conditions and regulatory measures in the fields of banking, financial markets, insurance, accounting, taxation and their impacts in the corporate sphere. In the insurance field besides, questions covering of new risks, their prophylaxis and financing.

  • E-ISBN-13: 978-80-210-8703-3
  • Page Count: 301
  • Publication Year: 2011
  • Language: Slovak, English, Czech
DOPADY NOVELIZACE ZÁKONA O DANI Z PŘIDANÉ HODNOTY OD 1. DUBNA 2011 NA EXPORTÉRY

DOPADY NOVELIZACE ZÁKONA O DANI Z PŘIDANÉ HODNOTY OD 1. DUBNA 2011 NA EXPORTÉRY
(THE IMPACT OF THE VALUE ADDED TAX ACT AMENDMENT FROM THE 1ST OF APRIL 2011 ON EXPORT COMPANIES)

  • Author(s):Lukáš Andrýsek
  • Language:Czech
  • Subject(s):Law on Economics, Fiscal Politics / Budgeting
  • Page Range:7-11
  • No. of Pages:5
  • Keywords:Value Added Tax Act; Value Added Tax claim; securitization for Value Added Tax; company financing;
  • Summary/Abstract:This paper deals with the impact of amendment to Act No. 235/2004 Coll., The Value Added Tax from the 1st of April 2011. This amendment is relatively new for a lot of companies andso far they don’t know all the changes and the results related to the amendment of Act.
SHORT-TERM INDEBTEDNESS ON STUDENT FINANCIAL MARKET

SHORT-TERM INDEBTEDNESS ON STUDENT FINANCIAL MARKET
(SHORT-TERM INDEBTEDNESS ON STUDENT FINANCIAL MARKET)

  • Author(s):Michaela Baňařová
  • Language:English
  • Subject(s):Education, Behaviorism, Financial Markets, Socio-Economic Research
  • Page Range:17-21
  • No. of Pages:5
  • Keywords:bank marketing; range of bank products; student financial services; consumer behaviour;
  • Summary/Abstract:Today, we cannot imagine our life without banks and their products. Every day we pay by our credit cards or cheques, our wages are sent to our bank accounts and majority of our monthly bills are paid through internet banking. So our bank is with us all the time. Banks have various groups of clients. The university students create one of these groups. Why only just university students? Because they are mature but they do not have enough money on their accommodation costs, living expenses or tuition fees in some countries.
IMPLEMENTACE IFRS PRO SME V AFRICE

IMPLEMENTACE IFRS PRO SME V AFRICE
(THE IMPLEMENTATION OF IFRS FOR SMES IN AFRICA)

  • Author(s):Lucie Bartůňková
  • Language:Czech
  • Subject(s):Business Economy / Management, Financial Markets
  • Page Range:22-26
  • No. of Pages:5
  • Keywords:International Financial Reporting Standards; small and medium-sized enterprises;
  • Summary/Abstract:The most of companies in the world are small and medium-sized enterprises (SMEs). The obligation of these enterprises is to compile financial accounts in compliance with accountant rules valid in the country of their registered place. Financial statements created this way might their users from another countries understand incorrectly. This could be the obstacle in their cross-border activities. In July 2009 published International Accounting Standards Board theInternational Financial Reporting Standards for Small and Medium-sized Enterprises (IFRS for SME).
STOCK MARKET INTEGRATION OF CZECH STOCK MARKET: ROCKY ROAD

STOCK MARKET INTEGRATION OF CZECH STOCK MARKET: ROCKY ROAD
(STOCK MARKET INTEGRATION OF CZECH STOCK MARKET: ROCKY ROAD)

  • Author(s):Tomáš Výrost, Štefan Lyócsa, Eduard Baumöhl
  • Language:English
  • Subject(s):Methodology and research technology, Financial Markets
  • Page Range:27-31
  • No. of Pages:5
  • Keywords:stock market integration; dynamic conditional correlations; DCC MV-GARCH model; structural breaks;
  • Summary/Abstract:Applying the DCC MV-GARCH model we estimate dynamic conditional correlations between Czech PX and Hungarian BUX, Polish WIG, German DAX and American S&P500. Then we verify the presence of structural breaks using Fluctuation test, supF, aveF and expF test. The dating procedure was carried out using the Bai – Perron (1998, 2003) methodology. Results show that during the recent financial crisis, breaks in trend of DCCs are amplified,thus providing an evidence of strengthening stock market integration.
TRHOVO KONZISTENTNÁ EMBEDDED VALUE

TRHOVO KONZISTENTNÁ EMBEDDED VALUE
(MARKET CONSISTENT EMBEDDED VALUE)

  • Author(s):Alexandra Cisková, Mária Bilíková
  • Language:Slovak
  • Subject(s):Evaluation research, Financial Markets
  • Page Range:32-36
  • No. of Pages:5
  • Keywords:Embedded Value; Market Consistent Embedded Value;
  • Summary/Abstract:The aim of the paper is to explain the basics of the determination of the value of a portfolio with the help of the present value of the expected future profits allowing for the cost of capital and of embedded options and guarantees. This method is referred to as the Market Consistent Embedded Value and it is used mainly to provide better information to shareholders and financial market analysts.
AKTUÁLNOSŤ INTERDISCIPLINÁRNEHO PRÍSTUPU K APLIKÁCII METODIKY BALANCED SCORECARD

AKTUÁLNOSŤ INTERDISCIPLINÁRNEHO PRÍSTUPU K APLIKÁCII METODIKY BALANCED SCORECARD
(TOPICALITY OF INTERDISCIPLINARY APPROACH TO THE APPLICATION OF METHODIC BALANCED SCORECARD)

  • Author(s):Jozef Kráľovič, Michal Grell, Janette Brixová
  • Language:Slovak
  • Subject(s):Business Economy / Management, Methodology and research technology, ICT Information and Communications Technologies
  • Page Range:37-41
  • No. of Pages:5
  • Keywords:Interdisciplinary approach; Balanced ScoreCard; financial management;
  • Summary/Abstract:Interdisciplinary approach in this paper is interpreted as the application of the theory of corporate finance with the support of information technology. We deal with economic and IT issues, which are interconnected.
REGULACE MIMOBILANČNÍCH AKTIVIT BANK PODLE BASEL III

REGULACE MIMOBILANČNÍCH AKTIVIT BANK PODLE BASEL III
(REGULATION OF THE OFF-BALANCE SHEET ACTIVITIES UNDER BASEL III)

  • Author(s):Veronika Bučková
  • Language:Czech
  • Subject(s):Financial Markets
  • Page Range:42-46
  • No. of Pages:5
  • Keywords:Bank regulation; Basel III; off-balance sheet activities; capital adequacy; global liquidity standards; leverage ratio;
  • Summary/Abstract:This article is focused on the changes in bank regulation in the field of off-balance sheet activities. As the financial crisis showed, the banks had built excessive risk exposures in their off-balance sheets which subsequently threatened their stability. Basel Committee has published a new regulation framework called Basel III.
PRICES OF PETROL IN THE CZECH REPUBLIC AND IN THE NEIGHBOURING COUNTRIES IN 2010

PRICES OF PETROL IN THE CZECH REPUBLIC AND IN THE NEIGHBOURING COUNTRIES IN 2010
(PRICES OF PETROL IN THE CZECH REPUBLIC AND IN THE NEIGHBOURING COUNTRIES IN 2010)

  • Author(s):Miroslava Cedidlová
  • Language:English
  • Subject(s):Energy and Environmental Studies, Financial Markets, Fiscal Politics / Budgeting
  • Page Range:47-51
  • No. of Pages:5
  • Keywords:VAT; tax; consumption tax; petrol; exchange rate; price; crude oil;
  • Summary/Abstract:All drivers are interested in the prices of fuel, especially of petrol. During the last year, the prices of the petrol increased significantly. This article is focused on the factors which influence the price of unleaded petrol 95 in the Czech Republic and in the neighbouring countries, i.e. in Austria, Germany, Poland and Slovakia.
O SPROSTREDKOVANÍ POISTENIA V ČESKEJ REPUBLIKE

O SPROSTREDKOVANÍ POISTENIA V ČESKEJ REPUBLIKE
(INSURANCE MEDIATION IN CZECH REPUBLIC)

  • Author(s):Viktória Čejková, Michal Fabuš
  • Language:Slovak
  • Subject(s):Evaluation research, Financial Markets
  • Page Range:52-55
  • No. of Pages:4
  • Keywords:Insurance; Insurance Industry; Insurance Company; Insurance intermediaries; intermediaries’ activity in Czech Republic; intermediaries’ authority;
  • Summary/Abstract:The subject of this paper is description of Insurance intermediaries and their activity. First part is describing general information about insurance intermediaries. Another part is dealing with insurance intermediaries on the insurance market in Czech Republic, law background. The subject of the second chapter is the application description of the theoretic knowledge about the insurance brokers.
EMPIRICKÉ TESTOVÁNÍ MODELŮ SESTAVENÍ PORTFOLIA AKCIÍ - REVIZE

EMPIRICKÉ TESTOVÁNÍ MODELŮ SESTAVENÍ PORTFOLIA AKCIÍ - REVIZE
(EMPIRICAL TESTING OF STOCK PORTFOLIO SELECTION PROCESS - REVISION)

  • Author(s):Peter Mokrička, Petr Červinek
  • Language:Czech
  • Subject(s):Methodology and research technology, Financial Markets
  • Page Range:56-60
  • No. of Pages:5
  • Keywords:Portfolio Theory; Markowitz; Cutoff rate; SPAD; NYSE; PX; DJIA;
  • Summary/Abstract:The article reassumes the article published by the author in the year 2010 that were dealt with approaches and procedures of the portfolio selection process and with testing these with real data. We have again examined three different procedures of stock portfolio selection and the resulting portfolios were tested with real data starting with the first trading day in 2011 until 11th May 2011. The stock representatives for the portfolio selection became the stocks traded via SPAD on BCPP and stocks that were part of DJIA and traded on NYSE.
KOMERČNÝ POISTNÝ TRH V SLOVENSKEJ REPUBLIKE AKO SÚČASŤ FINANČNÉHO TRHU

KOMERČNÝ POISTNÝ TRH V SLOVENSKEJ REPUBLIKE AKO SÚČASŤ FINANČNÉHO TRHU
(COMMERCE INSURANCE MARKET IN THE SLOVAK REPUBLIK AS THE PART OF FINANCIAL MARKET)

  • Author(s):Barbora Drugdová
  • Language:Slovak
  • Subject(s):Evaluation research, Financial Markets
  • Page Range:61-65
  • No. of Pages:5
  • Keywords:financial market; commercial insurance market; life insurance; non-life insurance; indicators the insurance market;
  • Summary/Abstract:The article is concentrated on the commerce insurance market in the Slovak Republik as the part of financial market. The article also analyse indicators of the insurance market of in The Slovak Republic. The Slovak republic is well-developed. As many as 21 commercial insurance companies, of this number 21 is associated in the Association of Slovak Insurers, operated in the Slovak Republic, until 31.12.2009 in the recent years..
ZMENY V ZDAŇOVANÍ PRÍJMOV V SLOVENSKEJ REPUBLIKE

ZMENY V ZDAŇOVANÍ PRÍJMOV V SLOVENSKEJ REPUBLIKE
(CHANGES IN TAXATION IN THE SLOVAK REPUBLIC)

  • Author(s):Ivona Ďurinová
  • Language:Slovak
  • Subject(s):Economic policy, Public Finances, Fiscal Politics / Budgeting
  • Page Range:66-70
  • No. of Pages:5
  • Keywords:non-taxable allowances; tax rebates; amortization of losses; depreciation; standard costs;
  • Summary/Abstract:In this paper the author focuses on important changes in income taxation in the Slovak Republic in recent years and seeks to assess in terms of their impact on different groups of tax payers, especially for businesses. The paper pays particular attention to selected tax incentives, which compares with the legislation in the Czech Republic.
SOME FREQUENT FACTORS ASSISTING THE FINANCIAL CRISIS – THE LITERATURE OVERVIEW

SOME FREQUENT FACTORS ASSISTING THE FINANCIAL CRISIS – THE LITERATURE OVERVIEW
(SOME FREQUENT FACTORS ASSISTING THE FINANCIAL CRISIS – THE LITERATURE OVERVIEW)

  • Author(s):Joanna Gąska
  • Language:English
  • Subject(s):Evaluation research, Financial Markets
  • Page Range:71-74
  • No. of Pages:4
  • Keywords:risk factors; financial crisis;
  • Summary/Abstract:One of the questions that we pose ourselves nowadays is whether the crisis that has showed up in 2007 originating from the North American subprime mortgage loans market is over or do we have to deal with new consequent appearing of this phenomenon. As each crisis seems to be somehow different to others, we can be sure that it is impossible to trace exactly the same pattern for all of them. Moreover, in any analytical approach the researcher is limited with the model assumptions and especially with the number of variables, usually some macroeconomic characteristics.
MODIFICATIONS OF THE DIVIDEND DISCOUNT MODEL

MODIFICATIONS OF THE DIVIDEND DISCOUNT MODEL
(MODIFICATIONS OF THE DIVIDEND DISCOUNT MODEL)

  • Author(s):Radim Gottwald
  • Language:English
  • Subject(s):Financial Markets
  • Page Range:75-79
  • No. of Pages:5
  • Keywords:dividend discount model; intrinsic value of a stock; dividend policy;
  • Summary/Abstract:The paper focuses on different modifications of the dividend discount model, which is used to estimate the intrinsic value of a stock in the framework of the fundamental analysis. First of all, the intrinsic value of a stock is defined. Then the modifications of the dividend discount model, which depend on chosen dividend policy of stock corporation, are presented. Empirical researches which apply the modifications of the dividend discount model on realdata in practice are cited in the paper, too.
TAX SOLUTIONS IN THE POLISH MODEL OF PUBLICPRIVATE PARTNERSHIP

TAX SOLUTIONS IN THE POLISH MODEL OF PUBLICPRIVATE PARTNERSHIP
(TAX SOLUTIONS IN THE POLISH MODEL OF PUBLICPRIVATE PARTNERSHIP)

  • Author(s):Magdalena Ślebocka, Dagmara Hajdys
  • Language:English
  • Subject(s):Evaluation research, Public Finances, Fiscal Politics / Budgeting
  • Page Range:80-83
  • No. of Pages:4
  • Keywords:Public-private partnership; personal income tax; corporate income tax; valued added tax (VAT);
  • Summary/Abstract:At the end of 2008 Polish Parliament passed a new act on public-private partnership (PPP), making PPP-related amendments to the income tax acts and introducing preferential rules for entities participating in PPP projects in Poland. For private funds to be invested in public undertakings the tax issues had to be made clear. In the Polish system only income taxes offer preferential treatment of PPP participants, which means that the applicable indirect taxes must be paid according to the general rules.
FINANČNÍ ŘÍZENÍ NEZISKOVÉ ORGANIZACE

FINANČNÍ ŘÍZENÍ NEZISKOVÉ ORGANIZACE
(FINANCIAL MANAGEMENT OF NONPROFIT ORGANIZATION)

  • Author(s):Miroslav Hálek
  • Language:Czech
  • Subject(s):Business Economy / Management, Fiscal Politics / Budgeting
  • Page Range:84-88
  • No. of Pages:5
  • Keywords:Nonprofit Organization; Project Budget; Source Budget; Cash Flow Budget;
  • Summary/Abstract:To allow nonprofit organization effectively carry out its major purpose for which it was founded, it is a necessary to correctly set a financial management of the whole organization. The basic tool of financial management is its budget. Appropriately selected and properly assembled type of budget shows the organization whether it has enough financial resources for upcoming projects.
VÝVOJ PŘÍMÝCH ZAHRANIČNÍCH INVESTIC V ČESKÉ REPUBLICE

VÝVOJ PŘÍMÝCH ZAHRANIČNÍCH INVESTIC V ČESKÉ REPUBLICE
(THE DEVELOPMENT OF FOREIGN DIRECT INVESTMENT IN THE CZECH REPUBLIC)

  • Author(s):Miroslav Sponer, Eva Hamplova
  • Language:Czech
  • Subject(s):Business Economy / Management, International relations/trade, Globalization
  • Page Range:89-93
  • No. of Pages:5
  • Keywords:globalization; balance of payments; business; business integration; foreign direct integration (FDI);
  • Summary/Abstract:The article summarizes selected analyses and trends in development of FDI (2000 – 2010) in Czech economy with the objective to assess the effect of FDI on payment balance and the position of local and foreign businesses in the domestic economy. The issues under the research are part of a wider context – a project titled ´Economic Aspects of Businesses´Integration´ that is being prepared. The aim of the project is to characterize and analyze motives and economic consequences of company businesses´ integration.
METODY KONSTRUKCÍ VÝNOSOVÝCH KŘIVEK - NELSON - SIEGEL MODEL A SVENSSON MODEL

METODY KONSTRUKCÍ VÝNOSOVÝCH KŘIVEK - NELSON - SIEGEL MODEL A SVENSSON MODEL
(NELSON - SIEGEL MODEL AND SVENSSON MODEL - METHODS OF CONSTRUCTING THE YIELD CURVE)

  • Author(s):Jana Hvozdenská
  • Language:Czech
  • Subject(s):Methodology and research technology
  • Page Range:94-98
  • No. of Pages:5
  • Keywords:parsimonious model; Nelson - Siegel model; Svensson model; bond yield curve;
  • Summary/Abstract:The article “Nelson - Siegel model and Svensson model - Methods of constructing of the yield curve” deals with the construction of the yield curve by parsimonious models - Nelson -Siegel model and Svensson model. Parsimonious models are described and the benefits of each model are evaluated.
RIZIKO A NEJISTOTA V OCEŇOVÁNÍ MAJETKU A ZÁVAZKŮ

RIZIKO A NEJISTOTA V OCEŇOVÁNÍ MAJETKU A ZÁVAZKŮ
(RISK AND UNCERTAINTY IN THE MEASUREMENT OF ASSETS AND LIABILITIES)

  • Author(s):Zuzana Křížová, Eva Hýblová
  • Language:Czech
  • Subject(s):Evaluation research, Accounting - Business Administration
  • Page Range:99-103
  • No. of Pages:5
  • Keywords:Accounting; measurement; assets and liabilities;
  • Summary/Abstract:In some case in accounting, the present value is used for the measurement of assets and liabilities. This way of measurement is used when account time value of money is needed to be taken into consideration. Assets are carried at the present discounted value of future net cash inflows that the item is expected to generate in the normal course of business. Liabilities are carried at the present discounted value of the future net cash outflows that are expected tobe required to settle the liabilities in the normal course of business.
PERSPEKTÍVA BANKOPOISTNÝCH PRODUKTOV

PERSPEKTÍVA BANKOPOISTNÝCH PRODUKTOV
(PERSPECTIVE OF PRODUCTS OF BANCASSURANCE)

  • Author(s):Katarína Izáková
  • Language:Slovak
  • Subject(s):Business Economy / Management, Financial Markets
  • Page Range:104-108
  • No. of Pages:5
  • Keywords:bancassurance; products of bancaasurance; active bancassurance; pasive bancassurance;
  • Summary/Abstract:Article point out bancassurance as the provision of insurance services by banks, an established and growing channel for insurance distribution, though its penetration varies across different markets. Europe has the highest bancassurance penetration rate.
POJIŠTĚNÍ ZEMĚDĚLSKÝCH RIZIK

POJIŠTĚNÍ ZEMĚDĚLSKÝCH RIZIK
(AGRICULTURAL RISK INSTANCE)

  • Author(s):Vojtěch Jindra
  • Language:Czech
  • Subject(s):Business Economy / Management, Agriculture, Environmental interactions
  • Page Range:109-113
  • No. of Pages:5
  • Keywords:agrarian risks; plant insurance; forest related insurance; farm animal insurance; defusing (moderating) negative; natural factors;
  • Summary/Abstract:There are many nature and earth focused companies in today’s technical world. Farmers grow plants and raise and breed animals. Their success is often dependent on weather or other natural factors. For example, a hailstorm can destroy a whole crop. I am going to focus on agricultural risks. I am going to present you with a couple of insurance programs that are trying to take care of negative impacts in agricultural and forest based businesses.
VÝVOJ INVESTIČNEJ ČINNOSTI KOMERČNÝCH POISŤOVNÍ NA SLOVENSKU A V MAĎARSKU V OBDOBÍ 2004 – 2009

VÝVOJ INVESTIČNEJ ČINNOSTI KOMERČNÝCH POISŤOVNÍ NA SLOVENSKU A V MAĎARSKU V OBDOBÍ 2004 – 2009
(DEVELOPMENT OF INVESTMENT ACTIVITY OF COMMERCIAL INSURANCES IN SLOVAKIA AND HUNGARY IN THE PERIOD 2004 – 2009)

  • Author(s):Anikó Fazekasová, Eva Kafkova
  • Language:Slovak
  • Subject(s):Business Economy / Management, Transformation Period (1990 - 2010)
  • Page Range:114-118
  • No. of Pages:5
  • Keywords:insurance industry; technical reserves; investments; investment activity; insurance supervisory;
  • Summary/Abstract:Investment activity of insurance companies represents an integral part of their activities. Insurance companies operating in the Slovak and Hungarian insurance market play an important role of institutional investors. They invest the temporarily free means of technical reserves on domestic and foreign financial markets and through this activity support the macroeconomic growth. The article provides a comparison of the investment activities of insurance companies, as well as a comparison of the tasks of supervision of the insurance market in Slovakia and Hungary and their impact on investment portfolios.
ŠTRUKTÚRNE ZMENY V ZAMESTNANOSTI V KONTEXTE FINANČNÉHO DOPADU NA PRODUKTIVITU A ZÁROBKY

ŠTRUKTÚRNE ZMENY V ZAMESTNANOSTI V KONTEXTE FINANČNÉHO DOPADU NA PRODUKTIVITU A ZÁROBKY
(STRUCTURAL CHANGES IN EMPLOYMENT IN THE CONTEXT OF FINANCIAL IMPACT ON LABOUR PRODUCTIVITY AND EARNINGS)

  • Author(s):Ján Kavec, Eva Rievajová
  • Language:Slovak
  • Subject(s):Labor relations, Socio-Economic Research
  • Page Range:119-122
  • No. of Pages:4
  • Keywords:employment; productivity; earnings; international classification of occupations ISCO-88;
  • Summary/Abstract:The article examines structural changes in employment noticeable at the level of earnings and productivity. It is based on data describing changes in structure of employment in EU15 and Slovak republic in period 1998-2009 (in both absolute and relative numbers). Subsequently to the time-series analysis of workers, broken down by major groups of international classification of occupations ISCO-88, describes major similarities and differences between EU15 and SR (using correlation analysis).
THE CONCEPT OF INTELLECTUAL CAPITAL IN A BANK

THE CONCEPT OF INTELLECTUAL CAPITAL IN A BANK
(THE CONCEPT OF INTELLECTUAL CAPITAL IN A BANK)

  • Author(s):Monika Klimontowicz
  • Language:English
  • Subject(s):Business Economy / Management, Economic policy
  • Page Range:123-127
  • No. of Pages:5
  • Keywords:intellectual capital; competitive advantage; banks’ value;
  • Summary/Abstract:The turbulent changes in economic environment cause the necessity of evolving the opinionon the main sources of competitive advantage. Increased competition in the financial service industry, internationalization and globalization, implementing new products, changes in consumer needs, technological progress and effortless possibility of changing banking services supplier raise the interest of intangibles as a source of banks’ value in a long-term perspective.
CUSTOMER INFORMATION FOR FINANCIAL MANAGEMENT

CUSTOMER INFORMATION FOR FINANCIAL MANAGEMENT
(CUSTOMER INFORMATION FOR FINANCIAL MANAGEMENT)

  • Author(s):Bohuslava Knapová
  • Language:English
  • Subject(s):Business Economy / Management, Socio-Economic Research
  • Page Range:128-132
  • No. of Pages:5
  • Keywords:financial management; customers; customer contribution; customer value; customer segments;
  • Summary/Abstract:The contemporary attention is given to customer information for the financial management of companies in the Czech Republic. Such criteria as customer contribution, customer value and customer segments are used mainly for top managers and managers at various management levels of Czech companies.
THE ROLE OF EU FUNDS IN DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN POLAND

THE ROLE OF EU FUNDS IN DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN POLAND
(THE ROLE OF EU FUNDS IN DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES IN POLAND)

  • Author(s):Marta Kołodziej-Hajdo
  • Language:English
  • Subject(s):Business Economy / Management, Economic policy, EU-Accession / EU-DEvelopment
  • Page Range:133-137
  • No. of Pages:5
  • Keywords:EU funds; micro enterprises; small enterprises; medium-sized enterprises;
  • Summary/Abstract:European Union accession gave Polish enterprises a chance of increasing competitiveness thanks to EU funding. That should influence economic revival, especially increasing of entrepreneurship, including SME. This sector plays a significant role in Polish as well as in European economies and EU funds act as additional incentive of growth of this sector.
TRANSFORMACE NEMOCNIC V ČESKÉ REPUBLICE ZMĚNOU JEJICH PRÁVNÍ FORMY

TRANSFORMACE NEMOCNIC V ČESKÉ REPUBLICE ZMĚNOU JEJICH PRÁVNÍ FORMY
(THE TRANSFORMATION OF HOSPITALS BY THE CHANGE OF THEIR LEGAL FORM IN CZECH REPUBLIC)

  • Author(s):Petr Pirožek, Ondřej Lešetický, Taťána Kozlová
  • Language:Czech
  • Subject(s):Governance, Evaluation research, Health and medicine and law, Fiscal Politics / Budgeting
  • Page Range:138-142
  • No. of Pages:5
  • Keywords:Hospitals; management; economy; legal form transformation; earnings after taxes;
  • Summary/Abstract:Empirical research has been carried out by the evaluation of secondary economic data and internal materials of hospitals providing health care services in different regions of the country. Particular emphasis is put on the process of changing the legal status from public hospitals to private limited companies and the assessment of the causality of this process.
CASH MANAGEMENT

CASH MANAGEMENT
(CASH MANAGEMENT)

  • Author(s):Jan Krajíček
  • Language:Czech
  • Subject(s):Business Economy / Management, Marketing / Advertising
  • Page Range:143-147
  • No. of Pages:5
  • Keywords:Advertising; Bank Cash Management; Client Service;
  • Summary/Abstract:One of the major components of banking, which has its own historical traditions, is primarily a commercial bank - the financing of large firms and the problems that are associated with it. It involves a two areas, both our own bank marketing, creation of new banking products and their further use, while the satisfaction of bank customers. In particular, the large bank clients are crucial - their meaning is not, I'll just their size, but also many other clients who are strings attached, be it retail as well as well as corporate clientele.
VYBRANÉ PROBLÉMY HARMONIZÁCIE DANÍ V EURÓPSKEJ ÚNII

VYBRANÉ PROBLÉMY HARMONIZÁCIE DANÍ V EURÓPSKEJ ÚNII
(SOME ISSUES OF TAX HARMONIZATION IN THE EUROPEAN UNION)

  • Author(s):Gizela Lénártová
  • Language:Czech
  • Subject(s):EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
  • Page Range:153-157
  • No. of Pages:5
  • Keywords:tax harmonization and competition; harmful tax competition; national sovereignty in taxation; direct taxes;
  • Summary/Abstract:Processes of harmonization of direct and indirect taxes have been running over few decades in the EU. The problems of tax harmonization within European union resulted from the internal conflict of tax harmonization and competition on one hand, and on the second hand from the needs of tax harmonization in the EU and the right of national tax sovereignty of member states. Solutions of these problems have been very urgent especially in the present time of fiscal, financial and economic crisis in the world and Europe.
RESPONSIBLE LENDING – NEW CONDITIONS AND REGULATORY MEASURES IN THE FIELD OF CREDIT POLICY AS PROVIDED BY POLISH BANKS

RESPONSIBLE LENDING – NEW CONDITIONS AND REGULATORY MEASURES IN THE FIELD OF CREDIT POLICY AS PROVIDED BY POLISH BANKS
(RESPONSIBLE LENDING – NEW CONDITIONS AND REGULATORY MEASURES IN THE FIELD OF CREDIT POLICY AS PROVIDED BY POLISH BANKS)

  • Author(s):Iwa Kuchciak
  • Language:English
  • Subject(s):Economic policy, Financial Markets
  • Page Range:148-152
  • No. of Pages:5
  • Keywords:credit policy; prudential standards; financial crisis;
  • Summary/Abstract:The dominant position of liabilities in a bank’s assets requires special management. The purpose of every credit policy is the creation of such a liability portfolio that will ensure the expected return rate at the required risk rate. The indispensible feature of credit policy is its flexibility. It became especially visible during the global financial crisis of 2008 – 2009.
KVANTIFIKÁCIA EXTRA RIZIKA V ŽIVOTNOM POISTENÍ METÓDOU PERCENTA NORMÁLNEJ ÚMRTNOSTI

KVANTIFIKÁCIA EXTRA RIZIKA V ŽIVOTNOM POISTENÍ METÓDOU PERCENTA NORMÁLNEJ ÚMRTNOSTI
(QUANTIFICATION OF EXTRA RISK IN LIFE INSURANCE USING THE METHOD OF THE PERCENTAGE OF THE NORMAL MORTALITY)

  • Author(s):Ingrid Ondrejková Krčová, Kristína Majerníková
  • Language:Slovak
  • Subject(s):Business Economy / Management, Demography and human biology, Socio-Economic Research
  • Page Range:158-162
  • No. of Pages:5
  • Keywords:extra risk; extra premium; percentage of normal mortality; actuarial calculations; endowment assurance;
  • Summary/Abstract:The paper is devoted to describe product pricing of life insurance Company for the nonstandard risk. One of the methods of quantification of extra risk is percentage of the normal mortality, where we can use two different approaches. First approach is based on the change of the probabilities so that it needs recalculation. Second approach is based on approximation so that it is enough to use the standard mortality tables.
STRATEGICKÉ NÁSTROJE KONTROLINGU V POISŤOVNÍCTVE AKO SÚČASŤ RISK MANAŽMENTU

STRATEGICKÉ NÁSTROJE KONTROLINGU V POISŤOVNÍCTVE AKO SÚČASŤ RISK MANAŽMENTU
(STRATEGIC INSTRUMENTS OF CONTROLLING IN INSURANCE INDUSTRY AS A PART OF RISK MANAGEMENT)

  • Author(s):Hana Dlábiková, Anna Majtánová
  • Language:Slovak
  • Subject(s):Business Economy / Management
  • Page Range:163-167
  • No. of Pages:5
  • Keywords:Controlling; Strategic Instruments; Risk Management;
  • Summary/Abstract:The paper is focused on strategic instruments of controlling in insurance business, which can be used as a part of risk management of insurance company. The objective of the paper is to prove the importance of strategic instruments of controlling for an insurance company and forthe process of risk management. Considering the specifics of the financial institution, also strategic instruments of controlling are characterized by particular specifics.
REGIONAL FINANCING AND FISCAL CO-RESPONSIBILITY IN SPAIN

REGIONAL FINANCING AND FISCAL CO-RESPONSIBILITY IN SPAIN
(REGIONAL FINANCING AND FISCAL CO-RESPONSIBILITY IN SPAIN)

  • Author(s):Jarosław Marczak
  • Language:English
  • Subject(s):National Economy, Economic policy, Government/Political systems, Public Finances, Fiscal Politics / Budgeting
  • Page Range:168-172
  • No. of Pages:5
  • Keywords:Fiscal co-responsibility; autonomous communities; taxes and tax system; regional government in Spain; decentralisation of public finance;
  • Summary/Abstract:Modern democratic states have similar political foundations, apply similar economic solutions and pursue similar economic and social goals. International institutions and international agreements, such as the European Union, have a special effect on them. Although certain areas of social and economic life gravitate towards unification, particular EU member states have maintained their unique character and continue to use their specific solutions, frequently years old and perfected as long, that determine the states’ individuality and identity.
ISLAMIC FINANCE AND BANKING

ISLAMIC FINANCE AND BANKING
(ISLAMIC FINANCE AND BANKING)

  • Author(s):Hussam Musa
  • Language:English
  • Subject(s):Islam studies, Economic policy, Financial Markets
  • Page Range:173-177
  • No. of Pages:5
  • Keywords:Islamic finance; Islamic banking; Global banking; Islamic financial system; Interest rate;
  • Summary/Abstract:This paper deals with islamic financial system and in particular with some of its financial principles. These principles are more or less known, but we trying in this paper to analyse and characterise the recent development in this new financial system for many european countries. Islamic finance is one of the most of the rapidly growing segments of the global financial system.
NOVÁ PRAVIDLA PRO POSKYTOVÁNÍ SPOTŘEBITELSKÝCH ÚVĚRŮ V ČESKÉ REPUBLICE OD 1. 1. 2011

NOVÁ PRAVIDLA PRO POSKYTOVÁNÍ SPOTŘEBITELSKÝCH ÚVĚRŮ V ČESKÉ REPUBLICE OD 1. 1. 2011
(NEW RULES OF CONSUMER CREDIT GRANTING IN THE CZECH REPUBLIC SINCE JANUARY 1 OF 2011)

  • Author(s):Petr Valouch, Gabriela Oškrdalová
  • Language:Czech
  • Subject(s):Business Economy / Management, Financial Markets
  • Page Range:178-182
  • No. of Pages:5
  • Keywords:credit; consumer credit; consumers’ rights; information duty; creditworthiness assessment;
  • Summary/Abstract:The subject of the paper “New rules of consumer credit granting in the Czech Republic since January 1 of 2011” is an analysis of the Law No. 145/2010 Coll., about consumer credit and changes of some laws and an identification of the most important changes in consumer credit granting in the Czech Republic that the new regulation produced since January 1 of 2011.
NOVÁ ARCHITEKTÚRA DOHĽADU NAD FINANČNÝM TRHOM V EURÓPSKEJ ÚNII

NOVÁ ARCHITEKTÚRA DOHĽADU NAD FINANČNÝM TRHOM V EURÓPSKEJ ÚNII
(NEW ARCHITECTURE OF SUPERVISION OVER THE FINANCIAL MARKET IN THE EUROPEAN UNION)

  • Author(s):František Palko
  • Language:Slovak
  • Subject(s):EU-Accession / EU-DEvelopment, Financial Markets
  • Page Range:183-185
  • No. of Pages:3
  • Keywords:supervision over the financial market; systematic risks; macroprudential and microprudential supervision; European committee for the systematic risks;
  • Summary/Abstract:This article deals with the topic of the new institutional organisation of the supervision over the single European financial market, which came in force in January the 1st 2011.Establishment of new institutions and supervision competences is the reaction to the global financial crises. Their target is to create preconditions to prevent the formation of serious systematic risks in the financial market, which could break out into the problems in real economics.
PROCES INTEGRACE REGULACE A DOHLEDU NAD FINANČNÍMI INSTITUCEMI V EVROPSKÉ UNII

PROCES INTEGRACE REGULACE A DOHLEDU NAD FINANČNÍMI INSTITUCEMI V EVROPSKÉ UNII
(THE PROCESS OF INTEGRATION THE SUPERVISION OF FINANCIAL INSTITUTIONS IN THE EUROPEAN UNION)

  • Author(s):Dalibor Pánek
  • Language:Czech
  • Subject(s):EU-Accession / EU-DEvelopment, Financial Markets
  • Page Range:186-190
  • No. of Pages:5
  • Keywords:Supervision of financial institutions; integration the supervision; institution of supervision; central bank; model of supervision; process of supervision; structure of supervision; financial market;
  • Summary/Abstract:This text "The process of integrating the supervision of financial institutions' is focused on the nature and context of the integrated supervision of financial institutions. The starting point are current knowledge of supervisory practices of financial institutions. Supervision of their activities in the European Union.
SPECIAL ECONOMIC ZONES IN POLISH INVESTMENT POLICY AFTER THE YEAR 2020

SPECIAL ECONOMIC ZONES IN POLISH INVESTMENT POLICY AFTER THE YEAR 2020
(SPECIAL ECONOMIC ZONES IN POLISH INVESTMENT POLICY AFTER THE YEAR 2020)

  • Author(s):Bartłomiej Krzeczewski, Radosław Pastusiak
  • Language:English
  • Subject(s):Business Economy / Management, Economic policy, Financial Markets
  • Page Range:191-195
  • No. of Pages:5
  • Keywords:Special economic zones; investment policy; innovations;
  • Summary/Abstract:The main aim of this publication is to collect arguments for prolonging the existence of the special economic zones and to show directions and trends that should be absorbed by Polish investment policy. This publication is working on the assumption that prolonging the existence of the SEZ will be conducive to foreign investments in Poland.
PROBLEMATIKA ZPĚTNÉHO ZAVEDENÍ PROGRESIVNÍHO ZDANĚNÍ V ČESKÉ REPUBLICE

PROBLEMATIKA ZPĚTNÉHO ZAVEDENÍ PROGRESIVNÍHO ZDANĚNÍ V ČESKÉ REPUBLICE
(THE RETROFIT ISSUES OF PROGRESSIVE TAXATION IN THE CZECH REPUBLIC)

  • Author(s):Monika Pavlíková
  • Language:Czech
  • Subject(s):Evaluation research, Fiscal Politics / Budgeting
  • Page Range:196-200
  • No. of Pages:5
  • Keywords:Progressive taxation; Tax payer; Tax rate; Personal income tax; Tax base;
  • Summary/Abstract:The retrofit issues of progressive taxation in the Czech republic has recently been frequently discussed topic. The reason is simple, and that the question of form of taxation of personal income tax affects every tax payer in this country. The goal of this articleis an analysis of possible retrofit of progressive taxation.
DATOVÁ KVALITA JAKO KLÍČOVÝ FAKTOR ÚSPĚŠNOSTI IMPLEMENTACE CRM SYSTÉMU V POJIŠŤOVNICTVÍ

DATOVÁ KVALITA JAKO KLÍČOVÝ FAKTOR ÚSPĚŠNOSTI IMPLEMENTACE CRM SYSTÉMU V POJIŠŤOVNICTVÍ
(DATA QUALITY AS A CRITICAL SUCCESS FACTOR OF CRM IMPLEMENTATION IN INSURANCE)

  • Author(s):David Pejčoch
  • Language:Czech
  • Subject(s):Business Economy / Management, Socio-Economic Research
  • Page Range:201-205
  • No. of Pages:5
  • Keywords:CRM; Data Quality; Insurance; success factors; CLV; householding; GCC;
  • Summary/Abstract:Principles of customer relationship management (CRM) can significantly affect the performance metrics of insurance company in both positive and negative sense. Well-graded elective care with regard to lifestyle and client lifetime value can significantly contribute to his satisfaction and loyalty. In contrast, congestion client with offerings, which for him are not relevant, could damage the relationship with him permanently and irreparably.
OBLIGATORY REQUIREMENTS FOR A RATIONAL PUBLIC FINANCE SYSTEM

OBLIGATORY REQUIREMENTS FOR A RATIONAL PUBLIC FINANCE SYSTEM
(OBLIGATORY REQUIREMENTS FOR A RATIONAL PUBLIC FINANCE SYSTEM)

  • Author(s):Krystyna Piotrowska-Marczak
  • Language:English
  • Subject(s):Economic policy, Public Finances
  • Page Range:206-209
  • No. of Pages:4
  • Keywords:Public finance; rational system; public finance system;
  • Summary/Abstract:The financial system is a key factor enabling states to function. If its configuration is not consistent, social and economic development will not be possible. Public finance has a special place in this configuration that will not be rational unless some obligatory requirements are met.
SÚČASNÉ TRENDY V INTEGRÁCII REGULÁCIE A DOHĽADU POČAS KRÍZY

SÚČASNÉ TRENDY V INTEGRÁCII REGULÁCIE A DOHĽADU POČAS KRÍZY
(CURRENT TRENDS IN INTEGRATION OF REGULATION AND OVERSIGHT DURING CRISIS)

  • Author(s):Svetlana Poliaková
  • Language:Slovak
  • Subject(s):Economic policy, EU-Accession / EU-DEvelopment, Financial Markets
  • Page Range:210-214
  • No. of Pages:5
  • Keywords:Integration; regulation; supervision; financial crisis; economy; financial institution; harmonization; European Union; process of integration;
  • Summary/Abstract:The goal of the contribution “Current Trends in Integration of Regulation and Oversight during Crisis” is to analyze reason why countries integrate the regulation and supervision of financial institutions and to explain all aspects involved in the process of integration. It concerns development trends in the regulation and supervision and influence of the financial crisis.
MEASURED CONTRIBUTION OF INSURANCE TO ECONOMIC GROWTH

MEASURED CONTRIBUTION OF INSURANCE TO ECONOMIC GROWTH
(MEASURED CONTRIBUTION OF INSURANCE TO ECONOMIC GROWTH)

  • Author(s):Svetlana Polovko
  • Language:English
  • Subject(s):National Economy, Economic development, Financial Markets
  • Page Range:215-218
  • No. of Pages:4
  • Keywords:Insurance; GDP; national economy; insurance market;
  • Summary/Abstract:This paper is about role of the insurance in an economic development. In the Latvian insurance market the fast gain of the signed premiums both by risk insurance, and in life insurance for the previous few years is observed, but because of economic crisis development of the market stopped. At the same time, the insurance companies will be compelled to search for all new competitive advantages since it is necessary to improve profitability in the insurance market. It inevitably means increase of the prices for services according to their real cost price and economic processes in the country.
AKTUALIZÁCIA LEGISLATÍVNYCH ÚPRAV NA SLOVENSKU V PODMIENKACH EKONOMICKÉHO SOFTVÉRU

AKTUALIZÁCIA LEGISLATÍVNYCH ÚPRAV NA SLOVENSKU V PODMIENKACH EKONOMICKÉHO SOFTVÉRU
(UPDATING LEGISLATIVE CHANGES IN SLOVAKIA IN CONDITION OF ECONOMIC SOFTWARE)

  • Author(s):Zuzana Švecová, Petra Stuchlý, Petra Ratulovská
  • Language:Slovak
  • Subject(s):ICT Information and Communications Technologies
  • Page Range:219-223
  • No. of Pages:5
  • Keywords:update; economic software; the form of update; enterprise;
  • Summary/Abstract:Nowadays the market offers a wide range of economic software. Each provider provides various forms of update their economic software. Enterprises have a possibility to use a different forms of providing update of a specific economic software in practice. The form which is chosen by managers should be the best for the needs of the enterprise. This contribution be about comparison of two most frequent forms of update economic software.
VPLYV HOSPODÁRSKEJ KRÍZY NA SKLÁRSKY PRIEMYSEL SLOVENSKEJ REPUBLIKY V OBDOBÍ 2006 – 2009

VPLYV HOSPODÁRSKEJ KRÍZY NA SKLÁRSKY PRIEMYSEL SLOVENSKEJ REPUBLIKY V OBDOBÍ 2006 – 2009
(IMPACT OF ECONOMIC CRISIS ON GLASS INDUSTRY IN SLOVAK REPUBLIC IN THE PERIOD 2006 – 2009)

  • Author(s):Adela Slivková
  • Language:Slovak
  • Subject(s):Business Economy / Management, Economic history, Transformation Period (1990 - 2010), Financial Markets
  • Page Range:233-237
  • No. of Pages:5
  • Keywords:economic crisis; glass industry; indicators of industrial production;
  • Summary/Abstract:In this paper we evaluate the glass industry and the impact of economic crisis on selected indicators. Objective of the paper is to evaluate the impact of economic crisis in the glass industry of the Slovak Republic in the period 2006 - 2009. An important sub objective is to analyze the glass industry in Slovakia and its role in the economy.
HOSPODÁŘSKÝ CYKLUS A PODNIKOVÉ INVESTICE

HOSPODÁŘSKÝ CYKLUS A PODNIKOVÉ INVESTICE
(BUSINESS CYCLE AND COMPANY INVESTMENTS)

  • Author(s):Hana Scholleová
  • Language:Czech
  • Subject(s):Business Economy / Management, Economic policy
  • Page Range:229-232
  • No. of Pages:4
  • Keywords:business cycle; business investment; investment criteria; the value of deferred investments in the state of uncertainty;
  • Summary/Abstract:Recently we were confronted with the impact of global economic recession which was reflected in all spheres of the economy. As a result, mechanisms have changed in the decision-making and management in all areas. There has been a shift in corporate risk management, which will be reflected in the long term. The aim of the paper is to analyze the trends in the investment decision making process.
ZDANĚNÍ POHONNÝCH HMOT A VLIV NA JEJICH SPOTŘEBU

ZDANĚNÍ POHONNÝCH HMOT A VLIV NA JEJICH SPOTŘEBU
(PROPELLANT TAXATION AND INFLUENCE ON THE CONSUMPTION)

  • Author(s):Kateřina Stankeová
  • Language:Czech
  • Subject(s):Energy and Environmental Studies, Fiscal Politics / Budgeting
  • Page Range:238-242
  • No. of Pages:5
  • Keywords:propellant taxation; tax rate; tax system; consumption tax; VAT;
  • Summary/Abstract:This article deals about influence of taxation on the consumption of propellants. Development of petrol price is highly discussed topic not just currently, but even in the long term. The final petrol price does not contain only price of the oil in the world market, but also consumption tax and VAT. Article is mainly focused on the role of the tax on the price and consequently on the consumption of propellants.
ODPISY – ŠPECIFICKÁ SKUPINA NÁKLADOV V PODNIKU

ODPISY – ŠPECIFICKÁ SKUPINA NÁKLADOV V PODNIKU
(DEPRECIATIONS – SPECIFIC GROUP OF COSTS IN ENTERPRISE)

  • Author(s):Ivana Váryová, Erika Horňáková, Peter Stuchlý
  • Language:Slovak
  • Subject(s):Business Economy / Management, Accounting - Business Administration
  • Page Range:243-247
  • No. of Pages:5
  • Keywords:depreciations; book depreciations; methods of depreciation; costs;
  • Summary/Abstract:Depreciations are financial expression of detritions long-term incorporeal property and corporeal property. We can use a different kind of methods during calculating of book depreciations in practice. Enterprise has a possibility to choose a methods of depreciation, which is the best for enterprise and this way to influence level of costs in time period. This contribution be about comparison of choosing methods of depreciation, which respect a different level of detritions property in concrete time period and also a level of costs inconcrete time period.
USING SELECTED NETWORK METHODS IN QUANTITATIVE RISK ANALYSIS IN INVESTMENT PROJECTS IN CONSTRUCTION

USING SELECTED NETWORK METHODS IN QUANTITATIVE RISK ANALYSIS IN INVESTMENT PROJECTS IN CONSTRUCTION
(USING SELECTED NETWORK METHODS IN QUANTITATIVE RISK ANALYSIS IN INVESTMENT PROJECTS IN CONSTRUCTION)

  • Author(s):Piotr Tworek
  • Language:English
  • Subject(s):Business Economy / Management, Evaluation research
  • Page Range:248-252
  • No. of Pages:5
  • Keywords:construction risk management; quantitative risk analysis; network methods; PERT; CPM;
  • Summary/Abstract:The paper is aimed to discuss the selected network methods, which are used to quantify risks in investment projects carried out in the construction industry. In particular, the paper focuses on the PERT (Program Evaluation and Review Technique) method, which is commonly used in the Polish construction industry.
IMBALANCE IN FINANCING SUSTAINABLE DEVELOPMENT IN POLAND

IMBALANCE IN FINANCING SUSTAINABLE DEVELOPMENT IN POLAND
(IMBALANCE IN FINANCING SUSTAINABLE DEVELOPMENT IN POLAND)

  • Author(s):Aneta Tylman
  • Language:English
  • Subject(s):Economic policy, Government/Political systems, Economic development, EU-Accession / EU-DEvelopment, EU-Legislation
  • Page Range:253-256
  • No. of Pages:4
  • Keywords:sustainable development; 6th Environment Action Programme of the EU; European Union law; financing sustainable development;
  • Summary/Abstract:This paper presents a problem of budgetary imbalance in financing the sustainable development in Poland. It shows that the term “sustainable development” could meangenerally the economy development at present. The term “sustainable development” is used by Polish constitution, but it is not defined. In the government National Development Strategy for years 2007-2015 (medium term strategy), which is the base for preparation of the long term budgetary strategy, other important parts of sustainable development (environment development) have rather marginal meaning.
FINANČNÉ NÁSTROJE V OBLASTI EKOLOGICKÝCH DANÍ V EURÓPSKEJ ÚNII

FINANČNÉ NÁSTROJE V OBLASTI EKOLOGICKÝCH DANÍ V EURÓPSKEJ ÚNII
(FINANCIAL INSTRUMENTS IN THE FIELD OF ENVIRONMENTAL TAXES IN THE EUROPEAN UNION)

  • Author(s):Kateřina Vávrová
  • Language:Slovak
  • Subject(s):International relations/trade, Political Ecology, EU-Accession / EU-DEvelopment, Financial Markets, Fiscal Politics / Budgeting
  • Page Range:257-261
  • No. of Pages:5
  • Keywords:Ecolog taxes; enviromental taxes; competitiveness; international trade; border tax adjustment; environmental tax reform; respectively; ecological tax reform;
  • Summary/Abstract:The contribution shows the existence of environmental policy and subsequently of the environmental tax reform, respectively. Ecological tax reform. Environmental tax reform is one of the relatively new financial instruments for environmental policy, ie. market - oriented tools.
HODNOCENÍ DYNAMIKY A KONCENTRACE POJISTNÉHO TRHU

HODNOCENÍ DYNAMIKY A KONCENTRACE POJISTNÉHO TRHU
(THE INSURANCE MARKET – ITS DYNAMISM AND CONCENTRATION)

  • Author(s):Eva Vávrová
  • Language:Czech
  • Subject(s):National Economy, Economic policy, Financial Markets
  • Page Range:262-266
  • No. of Pages:5
  • Keywords:insurance market; commercial insurance company; industry concentration; premiums written; ratio of premiums written to GDP;
  • Summary/Abstract:The scientific paper describes partial results reached within the research project of the Faculty of Business and Economics of Mendel University in Brno MSM 6215648904/ research called “The Main Tendencies in the Development of the Competitive Environment in the Conditions of the Integrative and Globalization Processes and the Adaptation of Enterprises to the New Conditions of the Integrated Market” following the aims and methodology of the given research project.
ANALÝZA FOREM PŘEDKLÁDÁNÍ ÚČETNÍCH ZÁVĚREK S OHLEDEM NA MOŽNOSTI JEJICH DALŠÍHO VYUŽITÍ

ANALÝZA FOREM PŘEDKLÁDÁNÍ ÚČETNÍCH ZÁVĚREK S OHLEDEM NA MOŽNOSTI JEJICH DALŠÍHO VYUŽITÍ
(THE ANALYSIS OF THE FORMS OF FINANCIAL REPORTING CONSIDERING THE POSSIBILITIES OF THEIR FOLLOWING USE)

  • Author(s):Gabriela Ďurianová, Lenka Velechovská
  • Language:Czech
  • Subject(s):Accounting - Business Administration, ICT Information and Communications Technologies
  • Page Range:267-271
  • No. of Pages:5
  • Keywords:financial reporting; evidence of accounting records; electronic form of documents;
  • Summary/Abstract:The current level of the development of Information and Communication Technologies and the legislative requirements refers to the creation and distribution of the electronic documents. The paper discusses the possibilities of the financial reports access and focuses on web pages as a suitable place for their presentation.
ZPŮSOB ZVEŘEJŇOVÁNÍ ÚČETNÍCH DAT V ČR V KONTEXTU POŽADAVKŮ EVROPSKÉ UNIE

ZPŮSOB ZVEŘEJŇOVÁNÍ ÚČETNÍCH DAT V ČR V KONTEXTU POŽADAVKŮ EVROPSKÉ UNIE
(FINANCIAL REPORTING FORM IN THE CZECH REPUBLIC UNDER EUROPEAN UNION REQUIREMENTS)

  • Author(s):Gabriela Ďurianová, Lenka Velechovská
  • Language:Czech
  • Subject(s):International relations/trade, EU-Accession / EU-DEvelopment, Financial Markets
  • Page Range:272-276
  • No. of Pages:5
  • Keywords:financial statements; reporting; harmonization;
  • Summary/Abstract:The article deals with analysis of European Union requirements on financial reporting and their implementation in the Czech Republic. Accessibility and reliability are ranked among basic aspects of users (especially investors) decision-making. Timeliness and form of reporting are harmonized by directives of the European Parliament and of the Council 2004/109/ES and 2003/58/ES. The authors are tracking reporting requirements on companies in the Czech Republic particularly on issuers of securities traded on capital markets.
VÝZNAM DOTACÍ PRO ROZVOJ ZEMĚDĚLSKÉHO POJIŠTĚNÍ

VÝZNAM DOTACÍ PRO ROZVOJ ZEMĚDĚLSKÉHO POJIŠTĚNÍ
(THE ROLE OF SUBSIDIES FOR THE DEVELOPMENT OF AGRICULTURAL INSURANCE)

  • Author(s):Václav Vilhelm
  • Language:Czech
  • Subject(s):Business Economy / Management, Agriculture
  • Page Range:277-281
  • No. of Pages:5
  • Keywords:agricultural risks; agricultural insurance; insurability of risks; state interventions;
  • Summary/Abstract:A functioning system of agricultural insurance is an important part of agricultural policy and it is subsidized of public sources in many countries. Systems based on cooperation between private and public sector are applied in many countries, which enabled the offer of wide rangeof insurable risks, financially available for the most agricultural farms
FINANČNÍ NÁKLADY A JEJICH ČLENĚNÍ

FINANČNÍ NÁKLADY A JEJICH ČLENĚNÍ
(FINANCIAL COST AND HIS SORTS)

  • Author(s):Jarmil Vlach
  • Language:Czech
  • Subject(s):Business Economy / Management, Accounting - Business Administration
  • Page Range:282-286
  • No. of Pages:5
  • Keywords:Cost; sort of cost; depreciation; salary cost; personal cost; financial cost; other cost; standard and nonstandard cost;
  • Summary/Abstract:This material starts to evaluate every sorts of financial cost. There are material cost together with depreciation, salary cost and personal cost, financial cost and other cost. There is also notes about standard and nonstandard cost. Special capture is about responsibility of division of cost. Next capture is about function of cost. Last point is the evaluation of basic sorts of cost.
ÚČETNÍ REFORMA VEŘEJNÝCH FINANCÍ V ČESKÉ REPUBLICE

ÚČETNÍ REFORMA VEŘEJNÝCH FINANCÍ V ČESKÉ REPUBLICE
(PUBLIC FINANCE ACCOUNTING REFORM IN THE CZECH REPUBLIC)

  • Author(s):Jana Vodáková
  • Language:Czech
  • Subject(s):Public Finances, Accounting - Business Administration
  • Page Range:287-291
  • No. of Pages:5
  • Keywords:cash accounting; accrual accounting; depreciation of long-term assets; financial statements;
  • Summary/Abstract:This paper deals with the accounting reform of the public finance in the Czech Republic as an integral part of the whole reform process running across the Czech public finance. The paper concentrates on the description of an actual state of the reform process in the Czech Republic and an identification of main problems to be solved actually.
FONDOVÉ ÚČETNICTVÍ NEZISKOVÝCH ORGANIZACÍ JAKO NÁSTROJ SPRÁVCOVSTVÍ A ODPOVĚDNOSTI

FONDOVÉ ÚČETNICTVÍ NEZISKOVÝCH ORGANIZACÍ JAKO NÁSTROJ SPRÁVCOVSTVÍ A ODPOVĚDNOSTI
(FUND ACCOUNTING IN NON-PROFIT ORGANIZATIONS SUPPORTING STEWARDSHIP AND ACCOUNTABILITY)

  • Author(s):Tomáš Zouhar
  • Language:Czech
  • Subject(s):Evaluation research, Accounting - Business Administration
  • Page Range:292-299
  • No. of Pages:8
  • Keywords:fund accounting; non-profit organization; accountability;
  • Summary/Abstract:Financial reporting is traditionally influenced by purpose-built usage of economic sources that serve in achieving the organization’s goals. The article discusses actual approaches applied inthe Czech non-profit environment, their advantages and disadvantages. Current state is compared with solutions under US GAAP financial statements that primarily meet external user’s needs.
THE VALUATION OF BRANDS AS AN INTANGIBLE ASSET: OVER ESTIMATION OR UNDER ESTIMATION OF A COMPANY’S WORTH?

THE VALUATION OF BRANDS AS AN INTANGIBLE ASSET: OVER ESTIMATION OR UNDER ESTIMATION OF A COMPANY’S WORTH?
(THE VALUATION OF BRANDS AS AN INTANGIBLE ASSET: OVER ESTIMATION OR UNDER ESTIMATION OF A COMPANY’S WORTH?)

  • Author(s):Emmanuel Selase Asamoah
  • Language:English
  • Subject(s):Business Economy / Management, Globalization
  • Page Range:12-16
  • No. of Pages:5
  • Keywords:Brand; value; valuation; intangible assets;
  • Summary/Abstract:The value of a brand is an important asset for businesses in this era of globalization. Brands are different from other assets because they are intangible in nature. Reputable brands have over the years served as a source of competitive advantage for firms. However, there are still different opinions among marketers and financial accountants on whether to include the value of a brand in the balance sheet of firms. The bone of contention is not about whether the brandis an asset or not, but rather about the methods that can be used to provide a comprehensive evaluations that will be acceptable by the various stakeholders of a business.
AKTUÁLNÍ PROBLÉMY ŘÍZENÍ RIZIK V POJIŠŤOVNICTVÍ

AKTUÁLNÍ PROBLÉMY ŘÍZENÍ RIZIK V POJIŠŤOVNICTVÍ
(CURRENT ISSUES IN RISK MANAGEMENT INSURANCE)

  • Author(s):František Řezáč
  • Language:Czech
  • Subject(s):Business Economy / Management, Financial Markets
  • Page Range:224-228
  • No. of Pages:5
  • Keywords:Insurance; Solvency II; risk management; underwriting risk; operational risk; the insurance market;
  • Summary/Abstract:The paper deals with current issues related to risk management in the insurance industry at the present time, chaotic development. The basic framework is the newly adopted EU Directiveon Solvency II, focusing on selected risks. In particular, one of the oldest known risks, which is operational risk, and more recently a very underrated underwriting risk.
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