Verification of the Correctness of the Accounts and Financial Statements for the Selected Business Entity

The topic of the thesis deals with the financial statement and the statement by the Czech standards. Each entity, which accounts, has the obligation to prepare the financial statement The obligation to prepare of financial statement of each entity. Therefore, this topic will always be currently discussed issue. The literature search is described by most accounting practices, which are an integral part of the financial statements and may not be before making financial statements omitted. In the literature research there is a description of the most accounting practices, which are an integral part of the financial statement and may not be before making financial statements omitted. There is primarily an invetorying on the basis of accounting is compared with actual conditions. Furthermore, the final operation in inventories, accruals, provisions and other operations important for the true and fair state of the enterprises. The literature search is concluded by a chapter on the financial statement. In the analytical part there are the results, which are applied to specific business. Gradually, there are operations, which are linked to the closing of the financial statement for the year 2015. Then, the financial statement is prepared. All steps are compared with the laws of the Czech Republic. Finally, the measures are proposed to make the financial statements of the selected business entity brought into line with the law. Specifically, it is proposed to amend the valuation of assets