Komparácia dlhodobého majetku dle českej účtovej legislatívy, IFRS a US GAAP

Abstract

The text of the thesis characterizes the accounting systems Czech accounting legislation, International Financial Reporting Standards and American generally accepted accounting principles with a focus on fixed assets. It analyzes how an entity acts in the environment of various accounting systems in the acquisition, valuation, depreciation, and disposal of fixed assets. The aim was to compare accounting systems in fixed assets so that it was possible to design for the accounting entity, which of the systems gives a better true and fair view of the financial situation from the perspective of the entity and the external user. Research methods such as comparison, analysis, deduction, and analogy were used to achieve the goal. Theoretical knowledge was applied to model examples. The results from model examples pointed to differences in the reporting of fixed assets. The comparison used on the results from the model examples determined the position for achieving the goal. The comparison of results led to the conclusion that Czech accounting legislation underestimates the financial situation of companies to reduce tax liability, American generally accepted accounting principles overestimate the company's financial situation through cost capitalization and International Financial Reporting Standards are therefore the best accounting system for a true and fair view of the company's financial situation.