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Assessment of the Closing the Books Procedures in the Czech Republic and Poland
Tacinová, Jolanta ; Lörinczová, Enikö (advisor) ; Monika, Monika (referee)
The thesis presents the evaluation and comparison of processes of the financial statements preparation in the Czech Republic and Poland. It is divided into several parts. In the first - theoretical part there are presented the current laws related to the accounting systems valid in the respective countries. There are also defined the financial statements contents according to International Financial Reporting Standards (IFRS).
In the second part, which is practical, the processes of the financial statements preparation based on the internal directives and financial statements are described. On the specific examples of the real accounting cases the difference between the accounting approaches according to either Czech law or Polish law or IFRS is pointed out. In addition there is also outlined the realized process of IFRS implementation in the Fixed Assets area.
In the following part the partial processes are evaluated and the problematic areas formulation and presentation of the proposals for improvement is made.
The final part is dedicated to the Czech and Polish accounting and reporting principles comparison.
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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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Assessment of Financial Statements and the Closing of Books in a Chosen Company
Duchoňová, Petra ; Lörinczová, Enikö (advisor) ; Břetislav, Břetislav (referee)
The thesis concerns with the process of creation of the financial statement and book closing conforming to the legal code of the Czech Republic. Theoretical part deals mainly with the explanation of terms that are closely related to preparatory works which are necessary for creation of financial statement. Preparatory works are prior to closing the accounting period. In addition to that, theoretical part also includes book closing and the description of financial statements which constitute it. These financial statements are Balance sheet, Income statement and Attachments. Several sources of specialized technical literature are used and quoted in this part of the thesis. Theoretical part is followed by practical part in which the process of the book closing and financial statement of selected company is analysed. This analysis is subsequently compared with theoretical foundations. The last part of the thesis evaluates the process of the financial statement of selected company and offers certain improvements.
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External Audit of Company Financial Statements
Šímová, Monika ; Stárová, Marta (advisor) ; Miluše, Miluše (referee)
This work includes theoretical information relating to the audit of financial statements. There are documented criteria for auditors and regulations that auditors must comply. Likewise, there are described mandatory requirements that auditors must meet to perform the audit work. Finally, it is pointed out the relationship of accounting and auditing. The practical part describes the work of the auditor from the first acquaintance with the business race to the auditor's report, together with a statement on the financial statements or the auditor's opinion on the audited financial statements.
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Assessment of Accounting Books Closing and Financial Statements of the Construction Company
Kohoutová, Renata ; Stárová, Marta (advisor) ; Hana, Hana (referee)
The main aim of my thesis is the assessment of Accounting Books Closing and Financial Statements of the Construction Company. On the basis of information, arrangements are prepared to lead to optimization of these processes.
This thesis is divided into two parts, theoretical and practical part. Theoretical part explains the meaning and function of accounting, also contains guidelines for the preparation of financial statements. It informs about the financial statements and the necessary steps that lead to closure of the books. Then, the current and deferred tax and tax base are explained. The theoretical part includes the information about the financial statements and the obligations that result from it. Then, it informs about a balance sheet, income statement and annex. It also includes the information about the annual report, audit and the last but not least, it focuses on opening of the books in the future.
In practical part we will find the description of the company and the basic data about it. Analysis is focused on the accounting procedures in society, closing of the books and responsibilities associated with it.
Finally, the accounting policies are assessed and the changes that lead to the optimization of these processes are suggested.
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Financial Statements in selected organization
Procházková, Kateřina ; Šišková, Jitka (advisor) ; Radek, Radek (referee)
This diploma thesis is focused on the financial statements. The theoretical part is focused on general characteristics of the financial statements, that is what is meant the financial statements, what kinds of financial statements exist, in which extent could be the financial statements does and with which legal adjustment is connected. Next part is focused on the operations that previous the closing books (closing of accounts), which include especially stocktaking of property and liabiities, reserves creation, exchange differences, accruals and deferrals expenses and revenues, decrease in value of assets, the computation of current and deferred taxes of the income tax and closing of accounts books. The theoretical part is next focused on the financial statements and the characteristics of the individual financial statements such as balance sheet, profit and loss statement, appendix, cash flow statements and changes in equity. Afterwards is focused on other obligations associated with the financial statements, such as audit, the annual report, makes financial statement public and archiving of various documents.
The analytical part uses theoretical knowledge for evaluation of the process of financial statements in selected organization. On the basis of this evaluation it was found failings, that helped suggested various recommendations to improvement the process of accounts in selected organization and a more faithful representation of accounting reality.
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Financial Report - Financial Statements of Municipality
Zapadlová, Lenka ; Čermáková, Helena (advisor) ; Štáfek, Pavel (referee)
Main subjects of my bachelor thesis are financial statements of municipality and accounting operations in municipality. In the theoretical part, the legal framework for financial statements is characterized. As a part of preparing the financial statement are the close accounts as especially includes depreciations of long term assets, reserves, exchange differences, etc. The next part of theoretical framework of this thesis is dedicated of the financial statements, the balance sheet and gain and loss account. The last part is description of duties, than the accountant has. Notably to make the statement accessible for public, and let the financial report be checked by auditor and the approbation of the municipal council. The practical part includes practical use of accounting and setting the financial statements in the municipality Vrchlabí.
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Financial Report - Financial Statements of Company
Žočková, Jana ; Čermáková, Helena (advisor) ; Seidl, Ladislav (referee)
The aim of this bachelor thesis is to describe and verify the correctness of the process of financial statements in a chosen entity and to check if there is an accurate and honest depiction of reality. Preliminary operations to the formation of financial statements according to the legal framework of the Czech Republic are described in the theoretical part of the paper. That is, for example, the process of stocktaking, reserves, provisions, exchange rate differences, time differentiation, or accrued items. Other topics covered in the work include an issue of book-closing, putting together of financial statements, which consist of balance sheet, profit and loss and attachment, or an issue of verification of the financial statements (an audit) or its release. In the practical part of the thesis, selected steps of the financial report are depicted in the entity Elitex OK s.r.o., which are also compared with the criteria given by valid legal regulations. The paper further shows in which way the accounting unit puts together the financial report (for the year 2014 in particular). The result of the audit for that year is also stated in the work. In the end, recommendations for improvement or elimination of deficiencies are suggested on the basis of comparison of the processes realized in the accounting unit and the theoretical grounds.
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Options to Optimize Expenses and Revenues in a Particular Organization
Matoušková, Michaela ; Štáfek, Pavel (advisor) ; Ulrich, Milan (referee)
Bachelor thesis is concerned on proposal of possibilities to optimize expenses and revenues in a particular organization which was chosen for this thesis.
Theoretical part of the thesis explains issues and basic terms regarding the stated topic. Further it mentions basic principles of accounting, characteristic and definition of costs and revenues, describes procedure of financial statement and closing of books.
In practical part is characterized chosen organization, its accounting methods, principals and ways of valuation and depreciation. On the basis of profit and loss accounts from year 2009 to year 2013 are in detail analysed results of economic activities and costs and revenues of this organization. As an option to optimize expenses is proposed to change electricity supplier. Proposal for optimization of revenues is lease of minibus of organization and lease of unused land which will use as a parking for caravans.
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Verification of the Correctness of the Accounts and Financial Statements for the Selected Business Entity
Černíková, Petra ; Štáfek, Pavel (advisor) ; Michal, Michal (referee)
The topic of the thesis deals with the financial statement and the statement by the Czech standards. Each entity, which accounts, has the obligation to prepare the financial statement The obligation to prepare of financial statement of each entity. Therefore, this topic will always be currently discussed issue. The literature search is described by most accounting practices, which are an integral part of the financial statements and may not be before making financial statements omitted. In the literature research there is a description of the most accounting practices, which are an integral part of the financial statement and may not be before making financial statements omitted. There is primarily an invetorying on the basis of accounting is compared with actual conditions. Furthermore, the final operation in inventories, accruals, provisions and other operations important for the true and fair state of the enterprises. The literature search is concluded by a chapter on the financial statement. In the analytical part there are the results, which are applied to specific business. Gradually, there are operations, which are linked to the closing of the financial statement for the year 2015. Then, the financial statement is prepared. All steps are compared with the laws of the Czech Republic. Finally, the measures are proposed to make the financial statements of the selected business entity brought into line with the law. Specifically, it is proposed to amend the valuation of assets.
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