Provisions in czech accounting legislative and IFRS

Bachelor thesis compares two views of reporting reserves, where the first sight of the reserves is presented by the Czech legislation, other view is in accordance with International Financial Reporting Standards. The thesis initially used in the theoretical part, where it focuses on the essential definition, classification provisions, reason for the creation of provisions, etc. In the provisions according to Czech law provisions are analyzed and their impact on the tax base in the Czech Republic. In the practical part we find examples comparing the most important differences between the two methods