Opravné položky k dlouhodobému hmotnému a nehmotnému majetku

This bachelor's thesis is devoted to the issue of adjustment items to long-term tangible and intangible assets. The work is divided into 5 theoretical chapters and a practical part. In the first chapter, the basic concepts important for this issue are explained, such as the precautionary principle or inventory. The second chapter deals with the characteristics of long-term assets from an accounting point of view. The third chapter deals with the accounting depreciation of fixed assets as a permanent decrease in value. The fourth and pivotal chapter of my work is devoted to the temporary reduction of property value. The chapter discusses the testing of assets for impairment, the calculation of the recoverable amount and discount rates, the creation and dissolution of adjustment items and the subsequent accounting of all operations. The fifth chapter briefly discusses the effect of adjustments on deferred tax. In the practical part, knowledge is summarized and procedures from the theoretical part are applied on practical examples of a fictitious company.