Amendments to the Accounting Procedures for Entrepreneurs and Decrees on Financial Statements of Entrepreneurs as of 1 January 2018
Amendments to several accounting regulations for entrepreneurs – the Accounting Procedures for Entrepreneurs and decrees on financial statements of entrepreneurs – were adopted in December 2017. Most of these changes follow up on amendments to the Commercial Code concerning a capital fund from contributions from shareholders/partners (accounting legislation refers to the term "other capital funds") introduced by Act No. 264/2017 Coll. of 12 October 2017 amending Act No. 513/1991 Coll. Commercial Code as amended, as well as some other laws.