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Valuation of assets in terms of Czech accounting regulations in relation to the presentation of the financial statements
CRHONKOVÁ, Marie
The main goal of this thesis is to evaluate the valuation of assets in terms of Czech accounting regulations in relation to the descriptive power of the financial statements. The selected method of valuation of properties significantly affect items reported in the financial statements. Financial statements are the most important output of accounting, under which the company manners financial administration. The theoretical part is based generally on Czech accounting legislation, applicable laws and professional publications, which is used in the creation of the bachelor thesis studied. Which is familiar with the valuation of assets, both in the acquisition and the balance sheet date. Furthermore, are specified according to different types of assets that are the subject of analysis in the practical part. In the end I also mention the valuation of assets in foreign currency. In the practical part of the thesis is an analysis of assets of the MMC limited compa-ny. Specifically provisioning to receivables that the company enforces vain even after many warnings. Attention is given to the adjustment of the Reserves law Act (1992) which came into effect on 1 January 2014. Another asset that is topic to analysis, the item of equity securities with controlling influence. Here is the solution to increase shares from their acquisition to the current situation. At the balance sheet days are using the equivalences method, which increases share value several times more than normal. The last part will cover analysis about tangible fixed assets. The company 5 years ago purchased a packaging machine that uses for its main activities. The machine was valued at primary price. At the moment, the same machine on the market at a higher price than it was years ago. Thus the rose an underestimation of assets and, therefore, it is a silent reserve.
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