Vykazování dlouhodobého hmotného majetku z pohledu českých účetních předpisů a IAS/IFRS

Abstract

The thesis aims to identify and characterize the field of fixed assets, their accounting and reporting from the perspective of the Czech accounting regulations and International accounting standards. The first part focuses on fixed assets from the perspective of the Czech accounting legislation. It contains rules and definition of fixed assets, valuation issues, technical improvements, depreciation and basic accounting for acquisitions and disposals of assets. The second part is defined by fixed assets in terms of International accounting standards. It is the IAS 16 - Property, plant and equipment, IAS 40 – Investment property and IFRS 5 - Non-current assets held for sale and discontinued operations, which deal in detail the definition, valuation, depreciation and publication. The third part is devoted to practical example, where I apply my findings to specific property and I compare the differences arising from the use of two different accounting approaches.