Template-Type: ReDIF-Article 1.0 Author-Name: Atia Milad Aljbiri Author-Workplace-Name: Ústav financí, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika Title: Opportunities for establishment of financial market in Libya Title: Příležitosti pro ustavení finančního trhu v Libyi Abstract: The main purpose of this paper is to show the importance of financial markets to the Libyan economy. At present, the country is preparing to establish a financial market as a requirement of economic reform with its goal to achieve economic stability and improve the volume of investment, as well as raising the growth rate. As the analysis in this paper shows, there are achievements with respect to the financial indicators, but it is limited with respect to the volume of investment and the level of incomes. This leads to the importance of establishing the financial market which is one of the primary requirements to achieve these goals. Keywords: debt issues, preferred stocks, savings, treasury bills, Initial Public Offering (IPO) Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 9-16 Volume: 55 Issue: 6 Year: 2007 DOI: 10.11118/actaun200755060009 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060009.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060009.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-200706-0001.txt Handle: RePEc:mup:actaun:actaun_2007055060009 Template-Type: ReDIF-Article 1.0 Author-Name: Hana Bohušová Author-Workplace-Name: Ústav účetnictví a daní, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika Title: The possible ways to IFRS (International Financial Reporting Standards) for SME (Small and Medium sized Entities) development Title: Možnosti harmonizace účetního výkaznictví pro malé a střední podniky Abstract: The most business entities in Europe are small or medium-sized enterprises (SME), which have a legal obligation to prepare financial statements in accordance with a set of accounting principles accepted in their country. Those statements are available to creditors, suppliers, and national governments but they could be badly understandable to creditors, suppliers and subjects in other countries. This is a great obstacle of their activities in the EU internal market. The existence of 27 different national accounting systems in the EU can be held for the most important obstacle.There are many ways how to develop compatible accounting standards for SMEs but the most significant activity in this field is the research project of IASB (International Accounting Standards Board). IASB has developed IFRS (International Financial Reporting Standards). Even though IFRS are suitable for all enterprises, their application in case of SMEs would be very expensive and could significantly increase compliance costs of taxation. This development has not been finished yet and there are still some problems which need to be solved before the introduction of accounting standards to the public.The research has shown that IFRS for SMEs should be used mainly by the entities which do not have public accountability - i.e. that its equities are not publicly traded and do not hold assets in a fiduciary capacity for a broad group of outsiders. This paper discusses those IFRS modifications, which should be done in case of SMEs. Keywords: Small and Medium-sized Enterprises (SMEs), International Financial Reporting Standards (IAS/IFRS), harmonization Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 17-26 Volume: 55 Issue: 6 Year: 2007 DOI: 10.11118/actaun200755060017 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060017.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060017.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-200706-0002.txt Handle: RePEc:mup:actaun:actaun_2007055060017 Template-Type: ReDIF-Article 1.0 Author-Name: Jana Borůvková Author-Workplace-Name: Katedra matematiky, Vysoká škola polytechnická Jihlava, Tolstého 16, 586 01 Jihlava, Česká republika Author-Name: Bohumil Minařík Author-Workplace-Name: Ústav statistiky a operačního výzkumu, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika Title: Profile of a visitor of south-east region Title: Profil návštěvníka regionu jihovýchod Abstract: The report deals with an analysis of the questionnaire inquiry results about Internal tourism in the Czech Republic in 2005 from the Czech Statistical Office sources. Besides basic information about the tourist trade statistics and terminology questions the core of this publication is the analysis of the Internal tourism in the NUTS II South-East region and both its parts (South Moravian region and Vysocina region) and its comparison with the Czech Republic. Authors tries to create a visitors background from the point of view of visit seasonality, a region from which he comes, an age, a travel purpose, a travel duration, an accommodation type, travel expenses and a conveyance used. Indicators were selected, in which the region visitors differ in comparison with the entire Czech Republic, eventually in which the visitors of South Moravian region differ from the Vysocina region visitors. At the conclusion authors speculate about the conditions of regional localization of the tourist trade satellite account in the Czech Republic. Keywords: tourist trade, satellite account, regional localization, Vysočina Region, South Moravian Region, South-East region, tourist, visitor Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 27-36 Volume: 55 Issue: 6 Year: 2007 DOI: 10.11118/actaun200755060027 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060027.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060027.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-200706-0003.txt Handle: RePEc:mup:actaun:actaun_2007055060027 Template-Type: ReDIF-Article 1.0 Author-Name: František Dařena Author-Workplace-Name: Ústav informatiky, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika Title: Database system selection for marketing strategies support in information systems Title: Výběr databázového systému pro podporu marketingového plánování v informačních systémech Abstract: In today's dynamically changing environment marketing has a significant role. Creating successful marketing strategies requires large amount of high quality information of various kinds and data types. A powerful database management system is a necessary condition for marketing strategies creation support. The paper briefly describes the field of marketing strategies and specifies the features that should be provided by database systems in connection with these strategies support. Major commercial (Oracle, DB2, MS SQL, Sybase) and open-source (PostgreSQL, MySQL, Firebird) databases are than examined from the point of view of accordance with these characteristics and their comparison in made. The results are useful for making the decision before acquisition of a database system during information system's hardware architecture specification. Keywords: marketing strategy, database management system, database comparison, Business Intelligence, data integration Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 43-54 Volume: 55 Issue: 6 Year: 2007 DOI: 10.11118/actaun200755060043 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060043.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060043.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-200706-0005.txt Handle: RePEc:mup:actaun:actaun_2007055060043 Template-Type: ReDIF-Article 1.0 Author-Name: Danuše Nerudová Author-Workplace-Name: Ústav účetnictví a daní, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika Title: Tax and legal aspects of Societas Cooperativa Europaea Title: Societas Cooperativa Europaea - daňové a právní aspekty Abstract: The tax and legal aspects of the Societas Cooperativa Europaea are presented in the paper. The purpose of the establishment of this new law vehicle on the internal market is to create equal business conditions also for the subjects associated in cooperatives on EU level, and to improve and increase their competitiveness in the global economy. The aim of the paper is to introduce the statute of Societas Cooperativa Europaea and to highlight the selected tax consequences connected with its implementation into the Czech tax law and also present the main problems which can arise during the implementation process also in other EU member states. Keywords: Societas Cooperativa Europaea, transfer pricing, CFC regime, loss offsetting Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 107-114 Volume: 55 Issue: 6 Year: 2007 DOI: 10.11118/actaun200755060107 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060107.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060107.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-200706-0011.txt Handle: RePEc:mup:actaun:actaun_2007055060107 Template-Type: ReDIF-Article 1.0 Author-Name: Patrik Svoboda Author-Workplace-Name: Ústav účetnictví a daní, Mendelova zemědělská a lesnická univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika Title: Reporting of tangible fixed assets pursuant to the Czech accounting law and International Accounting Standards IAS/IFRS and US GAAP Title: Vykazování hmotného dlouhodobého majetku dle českého účetního práva a mezinárodních účetních standard IAS/IFRS a US GAAP Abstract: The valuation of assets is a relatively challenging activity as well as a scientific discipline having an impact on the amount of the reported assets and economic result process. The report deals with the issue of valuation of the tangible fixed assets in the accounting entities compiling the financial statements pursuant to the Czech national legislation and in conformity with the requirements of the International Accounting Standards IAS/IFRS and US GAAP. The substantial differences in the definitions and valuation of the tangible fixed assets in these systems have been determined, indicating the impact on the economy of the accounting entity, both at the primary acquisition and as at the day of the closing of books. Attention has also been paid to the possibilities of recording the value decreases and to subsequent expenses. The analysis of legal regulations was completed with the analysis of the financial statements from selected economic entities. As per the international standards, the main difference consists in the possibility of component depreciation of tangible assets or, on the other hand, the possibility of group depreciation, in the differences in valuation in the event of acquisition paid for and of acquisition by one's own production, and in the possibility to consider the costs of disposal of assets. The subsequent expenses are also construed in a different manner: as per the Czech regulation, they are construed as repairs and maintenance. The substantial difference in comparison with the Czech regulation consists in the possibility of re-valuation of assets upwards as well as the method of actual value determination. Keywords: valuation, tangible fixed assets, small and medium-sized entities (SME), IAS/IFRS, US GAAP Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 255-264 Volume: 55 Issue: 6 Year: 2007 DOI: 10.11118/actaun200755060255 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060255.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun200755060255.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-200706-0027.txt Handle: RePEc:mup:actaun:actaun_2007055060255