The 26th Annual Conference on Finance and Accounting

Faculty of Finance and Accounting
Prague University of Economics and Business

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About FFÚ

The Faculty of Finance and Accounting provides education in corporate and public finance, accounting, taxation and tax policy, banking and insurance, and economic education. Courses / programmes are accredited by ACCA, ICAEW, CFA or RICS. The Faculty consists of around 90 academic employees and approximately 2,500 students in bachelor’s, master and doctoral programmes. The Faculty’s mission is to consistently achieve the leading position within finance and accounting in the countries of Central Europe. The Faculty endeavours education based on principles of social responsibility and leads students to ethical behaviour, individual and social responsibility, and defends the free expression of thoughts and ideas. The Faculty consists of 7 Departments a 2 Institutes.

The head of the Faculty is the dean who together with four vice deans (vice dean for International Relations, for Science, Research and PhD Studies, for Education and Studies and for Development) manage the Faculty. The structure of the Faculty can be seen here.

Together with the Chamber of Auditors, the Chamber of Tax Advisors and the Union of Accountants, the Faculty belongs to the constituents of the National Accounting Board, an independent body issuing the interpretations of Czech GAAP to help prepares to increase the quality of their financial statements and, thus, to meet users’ information needs. Although the Board has no legal power to command the usage of its interpretations issued, Czech firms extensively use these. Furthermore, the Faculty significantly contributes to the process of standard-setting. The Ministry of Finance has empowered the Faculty to comment on both unpublic and public proposals of amendments to accounting law, and the Faculty is, thus, directly involved in developing new legislation.

 

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