Analýza historického vývoje účetnictví v českých zemích v letech 1918 – 2006

The accounting historical development in the Czech Republic is certainly interesting and instructive.
It follows out of the development that the organisation of accounting always was on a very
good level. It is absolutely unmistakable that the accounting reflected spirit of the time and suited
to economic and political influences. In the period of First Republic an accuracy and exactness
were featured, which were very typical for this period. The emphasis was laying on the honesty
and the accurancy of expression and the ability to vindicate business in face of external world
and be able to measure up the state of property and liabilities in each moment. Very interesting
moment in the accounting in first republic is an existence of secret accounting. This tool would
be in recent time absolutely non-permissible. In the phase of socialist the registration function of
accounting was emphasized, because the enterprises stood in the role of passive subjects in this
period. The enterprises could decide about their destinies only very sporadically. This fact brought
the impossibility of accounting to flexible react on changes in particular organizations and the
accounting could not cover the information requirements of individual users. After the renewal of
market principles the accounting received a new charge, which emphasized not only the registration
ability, but especially the ability to provide information for effective financial management. The
international standardization of accounting plays very important role in last years. The process is
logical consequence of progressive globalization and international cohesion of enterprises. Czech
accounting follows very carefully the harmonization development in European and worldwide draft
and we can say that the last legislative regulation of accounting brings another positive step to the
harmonization not only in the area of accounting principles and methods, but expecially in the area
of national accounting standards.