Decree No. 325 / 2015 Coll.
Decree implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that keep simple accounting
Valid
Order
Effective from 01.01.2016
Text versions:
01.01.2016
07.12.2015
325
DECLARATION
of 25 November 2015
implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that keep simple accounting
According to § 37b (1) of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 304 / 2008 Coll. and Act No. 221 / 2015 Coll., for implementation of § 1f (6), § 4 (8) (h) and § 13b (6):
Subject matter
The decree sets out the content of the accounting books in simple accounting to ensure the compilation of summaries under Section 13b of the Accounting Act.
Money diary
(1) An entity shall account in a financial book in which the accounting records are organised in a chronological manner over a given financial year and by which it provides evidence of accounting
(a) cash revenue and expenditure;
(b) revenue and expenditure of funds in bank accounts or for savings and credit cooperatives (hereinafter referred to as "bank account");
(c) interim items of cash transfers of funds and bank accounts and transfers between bank accounts; and
(d) exchange differences in funds recorded in the conversion of cash balances and bank accounts denominated in foreign currency at the balance sheet date or at any other time at which the cash register is closed.
(2) The ledger shall include the items of income and expenditure referred to in paragraph 1 and the differences between income and expenditure for the financial year, broken down into principal and economic activity (1), the breakdown necessary to establish the income tax base and the breakdown necessary to fulfil the entity's obligations under other legislation2) and for its own account.
(3) The ledger shall contain cash balances, bank accounts and interim items when opening and closing the financial year.
(4) The information referred to in paragraph 1 shall be provided in an overview of revenue and expenditure.
List of claims and liabilities
(1) In the book of claims and liabilities, an entity records claims by individual borrower and liabilities, including debts by individual creditor. Claims and liabilities, including debts, in the debt and debt book, shall be organised in a chronological manner. The book of claims and liabilities also contains liabilities, including debts from labour relations under the Labour Code.
(2) The book of claims and liabilities contains stocks of outstanding claims and outstanding liabilities, including debts recorded when this book was closed at the balance sheet date or at another time at which an overview of the assets and liabilities (final balances) is drawn up. The book of claims and liabilities also contains stocks of reserves created under other legislation3).
(3) When opening the book of claims and liabilities in the following period, the final balances of the last period shall become the initial balances.
(4) The information referred to in paragraph 2 shall be included in the inventory of assets and liabilities.
Auxiliary books of other assets
(1) In the auxiliary books of other items of property, the entity records at least the following:
(a) long-term intangible and tangible assets (1);
(b) financial assets (1);
(c) stocks (1); and
(d) prices1).
(2) Auxiliary books of other items of property contain stocks of other items of property recorded when the book was closed at the balance sheet date or at a different time at which an overview of the assets and liabilities (final balances) is drawn up.
(3) When opening the books of other items of property in the following period, the final balances of the last period shall become initial balances.
(4) The information referred to in paragraph 1 shall be included in the inventory of assets and liabilities.
Overview of revenue and expenditure
(1) In the statement on revenue and expenditure, revenue and expenditure are structured into principal and economic activity (1), including totals, and their difference is shown on the balance sheet date of the current financial year and on the balance sheet date of the last financial year or at any other time at which an overview of revenue and expenditure is drawn up.
(2) The organisation and labelling of items in the statement of revenue and expenditure are set out in Annex 1 to this decree.
(3) An overview of income and expenditure is compiled in Czech crowns and individual items are shown in thousands of CZK.
Overview of assets and liabilities
(1) The inventory of assets and liabilities shall include items of property and liabilities, including debts and their totals, on the balance sheet date of the current financial year and on the balance sheet date of the last financial year or at any other time at which the inventory of assets and liabilities is drawn up.
(2) The layout and labelling of the items of the inventory of assets and liabilities are set out in Annex 2 to this Decree.
(3) The overview of assets and liabilities is compiled in Czech crowns and individual items are recorded in thousands of CZK.
Method of transition to simple accounting
(1) When switching from full or simplified accounting to simple accounting, an entity shall make an inventory on the balance sheet date in accordance with Part Five of the Accounting Act.
(2) On the balance sheet date, an entity shall recognise:
(a) the balances of the accounts of the adjustment appropriations and provisions, with the exception of the balances of the accounts of the adjustments and provisions created under other legislation3) to the relevant cost account;
(b) the balances of the transitional accounts of assets and liabilities in the case of revenue and expenditure paid during the current accounting year, the costs and revenues of which fall within the costs and revenues of the following financial year, to the relevant cost or revenue account; and
(c) balances on the transitional accounts of assets and liabilities in the event of exchange differences in the relevant cost or income account.
(3) The balance of funds shall be transferred by the entity to the money book as initial balances on the first day of the following financial year. The balance of the account shall be transferred by the entity on the first day of the following financial year as the initial balance of the interim items.
(4) The balance of the accounts of the assets and other assets, liabilities, including debts and other liabilities shall be transferred by the entity on the first day of the following financial year to the book of receivables and liabilities and to the auxiliary books of the other components of the assets. It shall transfer long-term assets to the auxiliary books of the other components of the assets equal to its valuation in full or in simplified terms.
(5) The balances of provisions generated under other legislation3) shall be transferred by the entity on the first day of the following financial year to the book of receivables and liabilities.
Efficacy
This Decision shall enter into force on 1 January 2016.
Minister:
Ing. Babiš v. r.
Příloha č. 1
Annex No 1 to Decree No 325 / 2015 Coll.
Overview of revenue and expenditure
A. Revenue
01 Sales of goods
02 Sales of goods and services
03 Revenue from public collections
04 Accepted donations outside public collections
05 Members' contributions received
06 Subsidies and public budget contributions
07 Other
08 Interim appropriations
09 Exchange rate differences
10 Total revenue
B. Expenditure
01 Long-term intangible and tangible assets
02 Material
03 Goods
04 Services
05 Wages
06 Employee and employer insurance
07 Other personnel expenditure
08 Other
09 Interim appropriations
10 Exchange rate differences
11 Total expenditure
99 Difference in revenue and expenditure
Příloha č. 2
Annex No 2 to Decree No 325 / 2015 Coll.
Overview of assets and liabilities
A. Property
01 Long-term intangible assets
02 Long-term tangible assets
03 Financial assets
04 Cash and prizes
05 Money in bank accounts
06 Stocks
07 Claims
08 Loans and loans granted
09 Other assets
Total assets
B. Commitments
01 Commitments
02 Loans and loans received
03 Total commitments
99 Difference in assets and liabilities
1) Decree No. 504 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities for which the principal activity is not business if they are accounting in the double accounting system, as amended.
2) For example Act No. 89 / 1995 Coll., on State Statistical Service, as amended.
3) For example, Act No. 593 / 1992 Coll., on provisions for determining the income tax base, as amended.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Decree No. 325 / 2015 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that keep simple accounting |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 07.12.2015 |
|---|---|
| Effective from | 01.01.2016 |
| Effective until | - |
| Status | Valid |
Legal Areas:
Finance
Accounting
The regulation text is for informational purposes only.
Comments 0