|
|
The influence of the economic cycle on the creation of bid prices in construction
Novotný, Michal ; Biolek, Vojtěch (referee) ; Hanák, Tomáš (advisor)
The bachelor thesis analyzes the influence of the economic cycle on the creation of bid prices in construction. The theoretical part defines the economic cycle, supply and demand, prices, budget and tenders for construction companies. The practical part analyzes the approach of individual subjects to the creation of offer prices by means of a questionnaire survey and guided interviews with individual consultants. Finally, the findings are summarized and recommendations are made.
|
|
|
The influence of the economic cycle on the creation of bid prices in construction
Novotný, Michal ; Biolek, Vojtěch (referee) ; Hanák, Tomáš (advisor)
The bachelor thesis analyzes the influence of the economic cycle on the creation of bid prices in construction. The theoretical part defines the economic cycle, supply and demand, prices, budget and tenders for construction companies. The practical part analyzes the approach of individual subjects to the creation of offer prices by means of a questionnaire survey and guided interviews with individual consultants. Finally, the findings are summarized and recommendations are made.
|
|
|
Revenue recognition from construction contracts from the perspective of current changes in IFRS
Procházková, Lenka ; Vašek, Libor (advisor) ; Procházka, David (referee)
The aim of this diploma thesis is revenue recognition in the financial statements of companies prepared in accordance with the rules of International Financial Reporting Standards (IFRS) in the light of current changes. The work is specifically focused on long-term construction contracts and its goal is assess the difference outgoing (IAS 11) and the incoming (IFRS 15) revenue regulation and the subsequent impact to the financial statements of companies. After a theoretical analysis of the relevant standards, work deals with the analysis of specific construction contract and continuously arising circumstances. The analysis also outlines the application of the new revenue recognition model. Ultimately, thesis deduces the difficulties of the implementation process of the new standard in companies. The results show that the upcoming adjustment of revenue recognition may not bring significant changes to the specific numerical values, rather as a completely new view of revenue recognition.
|
|
|
Representation of Products Arising from Operating Activities of Companies in Financial, Tax and Management Accounting
Kirchnerová, Kateřina ; Král, Bohumil (advisor) ; Vašek, Libor (referee)
The diploma thesis deals with the definition, measurement and disclosure requirements for products arising from operating activities of companies. Such requirements are con-sidered from the view of external and internal users of accounting, thus how they are reg-ulated in a system of financial, tax and management accounting. The thesis includes de-scription of the defined issue and a comparative analysis of financial accounting which is supplemented by tax implications in the Czech Republic and management account-ing. Besides it compares the legislative requirements of internationally respected ac-counting standards IAS/IFRS and US GAAP with the requirements of the Czech account-ing legislation and hence with the legislative requirements of the European Union. Based on comparative analysis carried out, this work suggests eventual future adjustments of the Czech accounting legislation.
|
|
|
Analysis of Revenue Recognition in accordance with the Czech Accounting Legislation vs. IFRS
Bezděk, Jan ; Vašek, Libor (advisor) ; Procházka, David (referee)
The master thesis is focused on revenue recognition according to both the Czech accounting legislation and the International Financial Reporting Standards. The introduction is devoted to the general description of the Czech legislation regarding accounting provisions and also brief description of IFRS is provided. An analysis of the Czech accounting regulation of revenue recognition follows and it is continuously confronted with the IFRS. Based on this comparison, appropriate improvement proposals to the Czech accounting legislation are made. This analytical part is divided into several parts such as measurement of revenue, recognition of revenue, presentation and disclosure, revenue from contracts with customers and revenue from leases. Final part devotes to the harmonization process in the EU and world (convergence between IFRS and US GAAP).
|
|
|
IFRS and accounting of revenues
Svobodová, Tereza ; Krupová, Lenka (advisor)
The thesis deals with rules for right reporting of revenues, which result from International accounting standard IAS 18 -- Revenue. There is briefly characterized the harmonization of financial reporting in the introduction. After that follows the development and the history of IFRS. The third part contains the analysis of the standard IAS 18 -- Revenue and standard IAS 11 -- Construction contracts, including three according interpretations. The final section is focused on the research of ten annual reports with a view to explain the observance of IFRS standards in pracitice.
|
|
|
Reporting long-term contracts according to IFRS
Bahenská, Monika ; Krupová, Lenka (advisor) ; Strouhal, Jiří (referee)
This thesis deals with rules for reporting of revenues from long-term contracts, which is based on International Accounting Standard IAS 11 - Construction contracts. First, it briefly describes the emergence and development of standards and structure of IAS 11. Chapter 3 defines the basic concepts. In the fourth chapter is an analysis of expenses and revenues of long-term contracts in accordance with IAS 11 and in accordance with IAS 18. The fifth chapter analyzes the methods of recognition of contract expenses and revenues, including examples and requirements for disclosure, the problems associated with reporting in accordance with these methods and methods used in the Czech Republic. The sixth chapter deals with the related interpretations IFRIC 12 and IFRIC 15. The last part is focused on the research of ten annual reports in order to clarify compliance with IFRS in practice.
|
|
|
Construction contracts -- the ways of their accounting treatment
Mařasová, Lucie ; Krupová, Lenka (advisor) ; Strouhal, Jiří (referee)
This thesis is concerned with accounting for construction contracts in the accounting records of a contractor. The first chapter is focused on accounting for construction contracts according to IAS 11 -- Construction contracts and contains also a brief description of interpretations IFRIC 12 and IFRIC 15, which are connected with IAS 11. Next chapter describes accounting for construction contracts according to the US GAAP. One chapter is also dedicated to the requirements of Czech accounting legislature that Czech contractors have to take into account when accounting for construction contracts. Last chapter is conceived as a case study which was prepared in order to determine how construction companies -- concretely three European and three American construction companies -- deal with construction contracts in practice.
|
guest ::
