Srovnání rezerv dle českých účetních předpisů a IFRS

Bachelor thesis deals with provisions in two accounting systems which are the most important for entities based in the Czech Republic - Czech accounting legislation and IFRS. The main goal of the thesis is to analyze, compare and highlight the most important differences related to provisions in both accounting systems. First, the attention is paid to provisions in the Czech accounting legislation. Specifically, we pay attention to provision definition, its measurement, recognition, accounting, reporting in financial statements and differentiation of provisions between tax and accounting. Second, the bachelor thesis deals with IFRS rules of recognition, measurement and disclosure of provisions. Then follows a chapter which summarizes the most important differences, in general but on specific provisions as well, between the two accounting systems. In final chapter we bring an interview with a professional auditor about the experience of Czech companies with accounting for provisions. The text is supplemented with examples and diagrams to better understand the issue.