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Effect of depreciation of tangible and intangible assets to profit
CHALAŠOVÁ, Vendula
This bachelor thesis is focused on accounting and tax depreciation and their effects on the net profit of a selected company. The aim of this thesis is to analyze depreciation methods of fixed and intangible assets, its effect on a income tax and to find out the possibility of tax savings in the management of fixed and intangible assets. The theoretical part deals with the classification and valuation of fixed assets, depreciation methods and their effect on the profit. In the practical part, the chosen company is briefly characterized first. Further, the methods of depreciation are applied to the selected assets of the company. The deferred tax is calculated from the differences between the accounting and the tax depreciation. Based on the calculation of deferred taxes is assessed the depreciation method, which has the best influence on the profit and it is recommended to companies.
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Assessment of Financial Statements and the Closing of Books in a Chosen Company
Mála, Václav ; Lörinczová, Enikö (advisor) ; Radim, Radim (referee)
This diploma thesis evaluates the proces of closing accounts in a chosen company. In the theoretical part of the thesis are described legal regulations governing the area of the financial statements and book closing proces and the theoretical basis. In the practical part of the thesis is decribed a specific company and the progression of selected data from the balance sheet and profit and loss account since the launch of the company. In this thesis was accomplished the analysis of the financial situation of the company. Based on the financial analysis are recommended measures. In the next part of thesis is described the process of the financial statements and the stages of the preparation works preceding the closing of accounts. In the next part of thesis is described process of the closing of each account and the process of financial statements. In the conclusion is reviewed the financial statements process in chosen company and the recommendations.
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Consolidation Rules
Psohlavec, Karel ; Hochman, Karel (referee) ; Fedorová, Anna (advisor)
The diploma thesis deals with the consolidation rules, particularly the elimination of intercompany profit system resulting from reciprocal market activities in consolidating companies. These rules are further examined in terms of the efficiency and administrative burden. In the practical part of the information is evaluated.
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Necessity and impact of the alteration of the trading result to the tax base
Slunečková, Eliška ; Šindelář, Michal (advisor) ; Molín, Jan (referee)
The Bachelor thesis deals with the connection between accounting and tax approach to the alteration of the trading result to the tax base and with its impact on the accounting. The particular parts of the thesis describe the accounting and taxation point of view on the business activity, some of the items altering the trading result and deferred tax as the consequence of the different accounting and tax approach. The last part presents this topic in practice using a model example.
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Deferred tax impact on the financial reporting of business entities in the Czech Republic
Dvořáková, Klára ; Randáková, Monika (advisor) ; Bokšová, Jiřina (referee)
The bachelor thesis deals with the issue of deferred tax. The theoretical part explains the nature and importance of deferred tax in the Czech legislation. It discusses every single method of calculation of deferred tax and the process of its accounting. The theoretical part contains examples to clarify the issue. The objective of the theoretical part is that a reader clearly understands the concept of deferred tax after they have read it. The practical part contains the analysis of deferred tax in the closing financial statements of particular accounting entities. The analysis deals with the height of deferred tax reported in the balance sheet and profit and loss account, and also its impact on disposable economic outturn. Furthermore, the titles leading to the formation of deferred tax are analysed in order to identify the most common and important title.
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Business evaluation of Pivovar ZUBR a.s.
Vasilišin, Ľubomír ; Brabenec, Tomáš (advisor) ; Pucci, Slavomír (referee)
The aim of this Master's thesis is to evaluate the market value of the Zubr Brewery a.s., to the 1.1.2014. The main method selected for estimating the value of the company is discounted cash-flows for creditors and owners, also known as DCF entity. The early chapters are dedicated to making financial and strategic analysis of the company and of its competitors. After confirmation of going concern, the generators are defined and financial plan is executed, which serves as the key of the valuation using the income methods. The final value of the company is complemented by the valuation using book value method and multiples. In the end, the chapter deals with deferred tax liability and its possible use in the planning of forecast of the company.
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Accounting and tax specifics of tangible fixed assets
Kačírková, Adéla ; Müllerová, Libuše (advisor) ; Korbelová, Miluše (referee)
The diploma thesis focuses on tangible fixed assets, not only from the perspective of Czech accounting and tax standards but also International financial reporting standards. Definition of tangible fixed assets is the first chapter of the thesis followed by definition of valuation and depreciation. The difference between accounting depreciation and tax depreciation creates deffered tax which makes it next notion specified in the thesis. The last part of the thesis is model case with calculation of accounting depreciation, tax depreciation and deffered tax using specific accounting methods.
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The issue of the deferred tax in the Czech republic
Přibáňová, Aneta ; Janhubová, Jaroslava (advisor) ; Černý, Václav (referee)
Thesis deals with deferred tax in the Czech Republic. First part of the thesis describes history of the deferred tax and its ties with accounting principles; describes the reasons and methods of its calculation. Second part shows the legislation of deferred tax in the Czech Republic, defines entities which are obliged to report the deferred tax, journalizing, problems concerning the first recognition, measurement of the carrying amount at the reporting date and reporting in the financial statements. The analytical part describes the most common temporary differences leading to deferred tax liability or deferred tax asset in a way enabling to understand this field of accounting to all readers along with its impact on the income statement.
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Selected areas of recognition and reporting of deferred tax
Horníková, Markéta ; Vašek, Libor (advisor) ; Pelák, Jiří (referee)
The goal is to become familiar with deferred tax concept - explain the nature and bring this accounting term near on a few selected areas. The thesis deals with two different accounting frameworks, Czech legislation and transnational concept in form of International Financial Reporting Standards with the motive to try to explain true nature of deferred tax and to conclude which of the accounting system sufficiently regulates this area so, that it could reflect all important differences with tax system and leads to fair distribution of profits among owners. In other words, not to awarded disposable earnings to those who do not belong solely because of differences between taxes and accounting. Thus, in a situation where these differences did not exist, the belonging amount of allocation of the profit would be else. The thesis is complemented with descriptive examples and illustrations created from real financial statements of two chosen companies. Representative of the Czech framework is Skanska a.s., and for a framework of IFRS the company Unipetrol a.s. The thesis concludes that a more elaborate treatment of deferred tax includes International Financial Reporting Standards, and therefore the financial statements prepared under them provide truer view of an analyzed company to user.
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