Within this session there would papers dealing with current trends in business environment in the Czech Republic. These papers provide insight from micro and macro perspectives and deal with the stimulating topics from research and practical points of view. There are papers dealing with the treatment of bankruptcies from the corporate view; methods how to evaluate corporate financial performance and how to predict possible bankruptcies; budgeting; and papers dealing with business valuation from the financial point of view. The enterprise can enter insolvency proceedings due to two reasons: over-indebtedness or inability to repay its obligations. It combines a short-term (operational) view and a long-term view (capital sources). The position of creditors in the insolvency proceeding highly depends on the classification of their claims (secured and unsecured). A question has to be raised, which position has the loans provided by related parties. Too high rights could negatively affect other creditors waiting for payment of their receivables. The research can also show that pre-insolvent companies do not have incentives to use this special capital source because they have already been expecting the coming insolvency. Pre-packed insolvencies are specially organized insolvency proceedings. The pre-packs open the insolvency proceeding with an insolvency proposal and an approval from creditors. The creditors agree with an enterprise's rehabilitation and suggested reorganization plan which should solve the current enterprise insolvency. It is expected that the pre-packs should be more effective than the standard insolvency proceedings in the way of time and satisfactory level for creditors. Despite the first mention about budgeting has been dated to the 20th century, this tool cannot be considered as a reliable management technique. After more than a hundred years of use, budgeting has been still criticized on the professional literature as unusable in a current dynamic environment. Inflexibility has been claimed as one of the budgetary weaknesses, there will be examined whether is budgeting in today’s companies set to react to changes in the business environment. The focus of responsible business includes environmentally sustainable business practices and effective implementation of environmental management strategies. Companies are willing to present valid evidence of being environmentally responsible by obtaining relevant certificates. There would be discussed whether the financial performance indicators of companies have an impact on the implementation of the eco management systems. Finally, there would be discussed the quality of accounting data aiming to identify main factors contributing to errors occurrence in financial statements preparation.