The Use of Financial Measures in the Current Practise of Czech Companies

This contribution deals with the analysis of financial measures used in the current practice of Czech companies. Within the project "Creating A Model for Measuring and Managing Performance of Companies" supported by Czech Science Foundation (Grant Number 402/09/1735) a questionnaire survey was carried out during the years 2009 and 2010. We can conclude that financial measures are largely used in Czech companies, which corresponds to the results of similar questionnaire surveys conducted in the Czech Republic and abroad. The aim of this contribution is to analyze the use of financial performance measures in the Czech Republic and compare the results with similar studies in the CR and abroad. The most frequently used financial measure according our research is the size of sales, which is on the average used approximately by 74 % of companies. There were found relatively great differences in the use of financial measures based on company size and age of company. The orientation of the company (manufacture, service, commerce) does not play an important role in the use and selection of financial performance measures.