Accounting specifics of Unit Owners Associations

The aim of the Bachelor's thesis is an accounting area analysis of Unit Owners Association with subsequent errors elimination and recommendation for their elimination. The thesis deals with the legal regulation of the XY Unit Owners Association and provides information on the accounting procedures and tax specifics of this legal entity according to Czech accounting legislation and regulations. The main objective of the theoretical part is to define the activites of the Unit Owners Association and the House and Land Administration. It also describes its formation, dissolution and activites of individual bodies. The thesis also focuses on the transfer from Housing Association to Unit Owners Association. The knowledge of the XY Unit Owners Association from the theorical part is applied in the practical part. Their statutes define formation, XY Unit Owners Association bodies and the rights and obligations of individual owners. The accounting documents work as a basis to show the accounting procedures, methods and tax aspects during the accounting period. The end of this thesis lists the imperfections in the accounting of XY Unit Owners Association