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Projekt nového leasingového štandardu z pohľadu IASB
Nemcová, Lenka ; Vašek, Libor (advisor) ; Pelák, Jiří (referee)
The work aims to analyze the new leasing standard which is supposed to be adopted by IFRS as well as US GAAP. The new standard represents one of the steps in the process of harmonization and convergence between two predominant world accounting standards, which has been in progress since the year 2002. The work provides readers with the comparison of these two leasing standards, resulted from which the need of common lease standard arose. This led to the first exposure draft of convergence standard issue, and finally the re-exposure draft issue. Because the new accounting standard is still in progress, I provide the analysis of the process as at the end of August.
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Influance of international integration process for Czech national Bank
Zamrazil, Václav ; Vostrovská, Zdenka (advisor) ; Cieslar, Vladislav (referee)
This bachelor study evaluates the relationships between the Czech National Bank and selected international institutions -- ECB, IMF and WB, focusing on gradual integration of the Czech Republic into international economic and financial structures, in particular to EU. The Czech national Bank and its role are introduced, as well as those of the other three institutions. The description of individual institutions is followed by brief analyses of mutual relationships between them and the CNB. The main findings of the study are firstly strong intensification of mutual cooperation, secondly gradually changing role of CNB. While the CR and the CNB were net recipient of technical assistance, expert advisory acticvities and financial assistance in the Nineties, the CNB has been playing more and more active role in the field of international cooperation.
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Redistribution Effects of Exchange Rate
Šindel, Jaromír ; Jílek, Josef (advisor) ; Mandel, Martin (referee) ; Šaroch, Stanislav (referee)
The political economy of the exchange rate explains different approaches within the integration process of the European monetary union. The changing character of exchange rate pass-through into the foreign trade prices changes not only the international economy paradigm, but also the attitude to the exchange rate political economy. The study solves the incentives to the different exchange rate arrangement choice during the transformation and integration period in the Central and East European countries. It follows with the analysis of the industry structure in these economies. It discusses the existence of its direct and indirect channel of influencing the exchange rate politics. Article solves the hypothesis of interest group formation in regard to the exchange rate policy (the euro adoption) and the intergovernmental bargaining as well as the bargaining within the economy. The industry analysis results confirm the set hypothesis, in which the heterogenity of industry structure explains the heterogeneous approach to the exchange rate politics during the transformation process in monitored economies. The redistributive change of Hungarian exchange rate policy is discussed in connection with the change of subsidies flow within the political cycle. We discuss the impact of current account adjustment on the tradable and nontradable sector in member countries of currency union -- Euro zone. The current account adjustment associated with the adjustment of the net export's deficit caused by the drop in the domestic absorption evokes the increase in the relative price of the nontradable sector. The paper discusses this hypothesis within framework of the Portuguese current account adjustment, which is the result of European financial integration in catching-up countries. The common monetary policy and common currency cannot offset the negative impact of nontradable price increase within the internal expenditure switching effect and also can not support exporters within the external expenditure effect.. The Portuguese current account adjustment was not followed by the currency depreciation and the tradable price increase. The cost of the currency asymmetric response were born by the tradable mark-up decrease, the falling decrease in nontradable wages and employment and finally by the nontradable mark-up and employment decrease.
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Harmonization of accounting and financial reporting focussed on convergence process between IFRS and US GAAP
Vlčková, Zuzana ; Žárová, Marcela (advisor) ; Černý, Václav (referee)
This thesis explains the main purposes and aims of the convergence process between International Financial Reporting Standards and the American Generally Accepted Accounting Prinicples in a join projects between IASB (International Accounting Standards Board) and FASB (Financial Accounting Standard Board). In respect of the join projects, two are described. These are: "Revenue recognition" and "Presentation of financial statements". A major part of the financial statement element is the draft of statement of comprehensive income. Readers of this thesis will find included information about IFRS conceptual framework and in addition details of its planned replacement, which comes from convergence process.
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Introduction of the euro in the Slovak Republic from the aspect of fulfilling convergence criterion
Staník, Damián ; Mandel, Martin (advisor)
Introducing euro in the Slovak Republic is one of the greatest national historical decisions. A relative small country belongs to 16 members of the monetary union, who have adopted euro as their domestic currency. But the way to become a member was not that easy. This study describes the whole convergence process and tries to find answers for questions about positive and negative effects of euro. First part of this thesis investigates effects of euro on international trade, GDP, direct foreign investments, effects of exchange rate volatility or price transparency. Other two parts explain convergence criterions, their fulfilling by Slovakia and fixing the convergence exchange rate. Its strength is discussed in the third part. Last part is focused on first experience after launching euro in the Slovak republic, confrontation of expectations and reality affected by financial and economic crisis.
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