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Capital Expenditure of Regional Governments
ZABLOUDILOVÁ, Markéta
The aim of this diploma thesis is to evaluate the capital expenditures of regions in terms of their volume, structure and dynamics. Data analysis of 13 regions of the Czech Republic for the period 2002 to 2016 was carried out to determine the determinants of expenditure behaviour of local self-governing units. The explained variable was the amount of capital expenditures of regions per inhabitant. Through a panel regression, 5 key factors influencing regional capital expenditures were identified. The capital expenditures of the regions in the previous year, the amount of tax revenues of the previous year, non-tax revenues and received transfers of the current year, and finally the level of indebtedness of the region, were confirmed as significant. The other tested factors did not appear to be statistically significant.
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The Impact of The Accounting Reform Public Finances from 2010 on the Financial Statements in a Municipal Authorities
ZABLOUDILOVÁ, Markéta
This paper examines the accounting reform of public finances from the point of view of its impact on the financial statements of local government units, especially applied to the municipalities in the Vysocina region. The reform changed legislative regulations, especially the accounting law, the decree implementing the accounting law and Czech accounting standards for the selected accounting entities. This thesis analyzes the changes in these regulations and it describes the impact of these modifications on the financial statements. These changes create areas that are, due to the reform, new for villages and can be problematic in context of misinterpretations and wrong booking. The areas affected by the reform are divided into three separate areas. The first area is the creation of state accountancy and implementation of accrual based accounting, connected to the state accounting, from which the further accrual principle is derived. The second imaginary area of changes relates to accounting reform in terms of chart of accounts including an off-balance sheet which has considerably changed. The third area is a wide range of assets of an entity, where there was a major change in relation to the accrual principle and that is the beginning of depreciation of all depreciable assets. In connection with depreciation, adjustments are made and the problem area of inventory of property has widened. Changes occurred in valuation of assets, a new way was created and an obligation to revalue assets held for sale was made. Subsequently, the impact of individual problem areas at the municipalities is examined, and so as how the changes will be reflected in their financial statements.
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