Regulation accounting of small and medium enterprises from international perspective

The aim of this diploma work is to show the differences or similarities between financial reporting of small and medium enterprises based on International Financial Reporting Standard - IFRS for SMEs and British accounting standard - FRSSE. Introductory chapters are devoted to the principles of dividing enterprisies by the criteria of size on the first place, and also to the short characteristics of different kinds of regulation of accounting in the world, especially regulation based on IASB and British accounting standards. These introductory chapters serve as information basis for the main part of the diploma work. This part is represented by the analysis of financial reporting of small and medium enterprises based on IFRS for SMEs and British accounting standard FRSSE and consecutive comparison of these two ways of financial reporting of small and medium enterprises, which is also the last part of the diploma work. In the scope of this comparison there are, except for basic differencies, also analysis of differences in goodwill and leasing with occasional view on certain problems in the conditions of Czech Republic