Department 75 – State Reporting

The Department is responsible for the development of concepts in the field of accounting of organisational units of the state, local self-government units, contributory organisations, state funds and Voluntary Associations of Municipalities (hereinafter referred to as "public sector accounting"). The Department provides legislative activity in the area of public sector accounting, including related reporting, and is responsible for amending relevant legislation to harmonise public sector accounting with international accounting standards for the public sector. It initiates amendments and comments on proposals for other legislation on the basis of conceptual and legislative work in the area of the Department's competence. It analyses the regulatory needs and obligations of the Czech Republic, EU law, international accounting and auditing standards, developments in public sector accounting and the provision of information for the needs of the state, and ensures harmonisation with EU law. Within the framework of its activities, the Competence Centre provides assistance to IISST users in connection with the methodical application of legislation in the field of public sector accounting, including the provision of information for the needs of the State. The Department acts as a methodological guarantor for the financial reporting of the State. It forms the concept and development directions of the state financial reporting and accounting consolidation of the state, including information systems related to the preparation of financial statements for the Czech Republic and their use in financial management and control of public finances.  It acts as a methodological guarantor for management analysis (reporting) within the public sector and the Ministry. It prepares and provides the relevant departments of the Ministry with the outputs of economic analyses for the operational and effective management and planning of public finances and for the evaluation of the economy. It compiles the financial statements for the Czech Republic on a consolidated basis and acts as the substantive guarantor of legislation in the area of accounting consolidation of the state. It provides methodological support to consolidated units of the state and other entities in the preparation of financial statements for the Czech Republic. It ensures the creation of a concept for the development of the administration of internal affairs of the state and public administration in connection with the area of the preparation of financial statements for the state of the Czech Republic and the area of financial reporting of the state. It provides the function of a guarantor of the facts obtained from the accounting records for statistical reporting to the CSO on behalf of the MoF accounting unit.
 

Units

• Unit 7501 – Regulation of Public Sector Accounting
• Unit 7502 – Methodology for Public Sector Accounting and administration of CSÚIS [Czech abbreviation for Central System of State Accounting Information]
• Unit 7503 – State Financial Reporting