Descriptive Analysis and Spatial Projection of Performance among the Small and Middle Enterprises in the Olomouc Region in the Czech Republic in the Context of Accounting and Tax Legislation

Abstract

Abstract The subject of the article is also determination of key issues related to accounting and tax legislation, including the monitoring of financial indicators, for example return on equity (ROE) and return on assets (ROA), indicators of cash flow (CF). Financial analysis is an essential resource accounting, as a basis for calculating the indicators, which provide a complete picture of the economic situation of the company. The quality of accounting (financial) statements of the company depends on the quality of financial indicators and their predictive ability. It is therefore important for the company and the financial analysis that is part of the financial statements. In this context are also explored areas: performance-production (power and influence of accounting legislation), organizational and sectoral level (NACE) and the production (number of employees), building on existing theory and practice in relation to accounting and tax legislation in terms of the Czech Republic and its changes since 2016.