Zásoby a jejich evidence v konkrétní účetní jednotce

This bachelor’s thesis focuses on inventory management and valuation in accordance with Czech accounting regulations and International Financial Reporting Standards (IFRS Accounting Standards). The theoretical part describes inventories, their valuation, accounting,and inventory procedures and compares the different approaches used in both legislative frameworks. The practical part analyzes selected inventory operations in a specific company based on internal accounting documents and real processes taking place in the examined store. The main method used was a comparison of the weighted average cost method (WAC), FIFO, and LIFO for selected inventories, specifically beer and bananas. The results of the practical part show that the impact of the valuation method depends on price changes of the given goods. In the case of beer, the FIFO method reduced costs and increased profit during rising prices. In contrast, for bananas, this method increased costs during falling prices because older and more expensive deliveries were issued from stock first.