Problematika oceňování nefinančních aktiv dle IFRS a českých předpisů

This diploma thesis analyzes the issue of valuation of selected non-financial assets in the Czech accounting environment where the accounting rules meet the Czech legislation and international accounting rules are represented mainly by International Financial Reporting Standards IFRS. The paper focuses on defining the basic conceptual differences between these accounting systems and demonstrates on the examples and specific conclusions how the valuation is in practice and whether the entity chooses the correct valuation procedures. The thesis is divided into 6 chapters, where the first chapters deal with the question of the general definition of valuation and the valuation principles and bases used. The third chapter focuses specifically on International Financial Reporting Standards and sets out the rules that IFRS reporting entities must observe in the field of both initial and subsequent valuation of assets. The fourth chapter introduces selected International Financial Reporting Standards, in particular concerning the valuation of selected non-financial assets. The chapters are supplemented by a comparison with Czech accounting legislation to provide the reader with a comprehensive overview and comparison. The fifth chapter provides detailed information on the latest valuation trend, namely the use of fair value that is dealt with in a single standard IFRS 13 – Fair Value Measurement. The final chapter will present specific financial statements of companies where critical evaluation of their valuation practices will be performed. The aim of the thesis is to acquaint the reader with the current trends and practices used in the valuation of assets and justify their use. In the selected financial statements, the work should then find the answer to whether these practices are actually in practice and whether they are beneficial to the entity, or whether it would be appropriate to reassess these practices.