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Comparison of Principles and Methods of IFRS and Czech Accounting Regulations
Vdoviak, Marián ; Stárová, Marta (advisor) ; Lenka, Lenka (referee)
The subject of the thesis is comparison comparison of principles and methods of International financial reporting standards and Czech accounting regulations. The first part describes the history and development of IFRS, principals and last but not least the process of harmonization IFRS and European legislation. Further are described assumptions for recognition of each elements of financial statements, their valuation and reporting. At the conclusion of this chapter is devoted to the new IFRS 15 Revenues from contracts with customers, defining a new model for revenue recognition. The second part is focused on a specific practical examples, on which is demonstrated difference in the recognition, using various systems.

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