This bachelor thesis deals with the issue of the prudence principle and its expression in the notes to the financial statements of selected companies. The theoretical part is devoted to the definition of Czech accounting legislation and generally accepted accounting principles with emphasis on the prudence principle and its instruments. The financial statements, categories of accounting entities and individual financial statements are also described. The final of the theoretical part is devoted ... show full abstractThis bachelor thesis deals with the issue of the prudence principle and its expression in the notes to the financial statements of selected companies. The theoretical part is devoted to the definition of Czech accounting legislation and generally accepted accounting principles with emphasis on the prudence principle and its instruments. The financial statements, categories of accounting entities and individual financial statements are also described. The final of the theoretical part is devoted to a detailed description of the contents of the notes to the financial statements. The practical part deals with the analysis of notes to the financial statements of selected companies of the Federation of the Food and Drink Industries of the Czech Republic for the calendar year 2018. Its result is an evaluation of reporting the prudence principle instruments and deferred tax depending on the category of accounting entities in accordance with Czech accounting legislation and a description of identified deficiencies. |