Analýza použití Mezinárodních standardů účetního výkaznictví ve světě

The main purpose of the thesis is to analyze the effects of international financial reporting standards and its attractions for foreign capital both in EU and other selected countries, Russia and China. The first part of the thesis is focused on the explanation of early history of IAS and IFRS including reasons for adopting of IFRS, direct and indirect advantages of IFRS for investors and main indicator of IFRS in preparing financial statements- Fair value accounting and problems in its implementation. There is a description of adoption process of IFRS in a worldwide with emphasize on EU- voluntary and mandatory adoption process since 2005. Third part of the thesis includes assessment of culture and history of selected countries in the transition period to IFRS. Especially in this part Russia and China were analyzed in detailed regarding process. In conclusion all information used in text is finalized and put the final conclusion about the points stressed during the chapters.