Comparison of Czech Accounting Legislation and IFRS in Terms of Creating Accounting Reserves

The bachelor thesis "Comparison of Czech Accounting Legislation and IFRS in Terms of Creating Accounting Reserves" deals with differences between two accounting systems used in the Czech Republic. The aim is to characterize, compare and summarize the largest differences. The first part of the thesis deals with general characteristics of reserves, then with reporting of reserves in IFRS and Czech accounting legislation. The most important differences in reporting are summarized in the end of the first part. The thesis also contains analysis of reporting of reserves by Czech and foreign entities in terms of the type of industry and in terms of using a specific accounting system