Aplikace zásady opatrnosti v akciové společnosti

Abstract

The work is focused on the prudence principle and its tools, which according to the Accounting Act means reserves, provisions and depreciation. The aim of this thesis is to define the accounting and tax aspects of the tools of prudence principle by Czech legislation, characterize these instruments in accordance with international financial reporting standards and analyze their application in a particular Joint-stock company. After a theoretical definition of the individual prudence principle instruments in terms of general, financial and tax view in the thesis the practical part defines their specific use in the joint-stock company along with their impact on its tax base. Furthermore it is evaluated the relationship of the company to the international financial reporting standards as well as the impact of economic crisis on the prudence principle tools development over the time.