Tangible fixed assets according to Czech accounting regulations and IFRS

Purpose of this work is to compare tangible fixed assets according Czech accounting regulations and International Financial Reporting Standards (IFRS). This bachelor's thesis is concentrated on determination, valuation, depreciation and elimination of tangible fixed assets. The first chapter contains view of Czech accounting regulations and practical examples. The second part define theoretical interpretation in term of the International Financial Reporting Standards. In the next part are explained differences between accounting systems by way of examples. In conclusion are summarized basic differences