Srovnání IFRS s českými účetními standardy a předpisy v oblasti dlouhodobého hmotného majetku

Abstract

Comparison of the IAS/IFRS and Czech Accounting Standards and Regulations in the Area of Fixed Assets has highlighted differences between Czech and International Standards. Differences have appeared in theoretical area, which described Czech Accounting Standards and IAS/IFRS as well as in practice. On the basis of the application of both Standards in company AGRO OLDRIS Ltd., I have concluded that IAS/IFRS are more beneficial even if they are time-consuming and more expensive. Tax Laws in the Czech Republic have an impact on Financial Statements, IAS/IFRS statements are clearer and more comprehensive. The details provided in the reports are of use to shareholders and other interested people to understand the company´s financial position and future direction.