Odložená daň

This thesis deals with the subject of deferred tax with emphasis on its interpretation in accounting. It is based on Czech accounting legislation. In the theoretical part it explains the key terms needed for proper understanding and outlines the development of deferred tax in the Czech Republic. On illustrative example it depicts the basic operating principles of deferred tax. It focuses on basic substantiations that lead to the deferred tax assets and deferred tax liability. It also analyses temporary and permanent differences and describes the ways and methods of accounting. The practical part deals with the analysis of the deferred tax accounts of selected audited companies and then presents the results.