The comparison of the financial statements presented in accordance with Czech Accounting Standards and with IFRS and impact on the financial analysis

The aim of this thesis is to compare the financial statements presented in accordance with Czech Accounting Standards and with IFRS. The theoretical part is focused on the analysis and comparison of the requierements of IFRS and Czech Accounting Standards on the financial statements with emphasis on crucial differences between the two accounting systems. The main focus of the theoretical part is concentrated on the presentation and measurement of the most significant assets and liabilities. The second part deals with the comparison of the informative value of the financial statements prepared in accordance with Czech Accounting Standards and IFRS. It describes the impact of different accounting system on the picture of the financial situation and company performance on the example of České dráhy, a. s. This section begins with the evaluation of changes in values of absolute indicators based directly on the financial statements. The final part clarifies the effects of the transition on IFRS on results of methods of financial analysis. The evaluation of the format and contents of the financial statements is also included