Assessment of Financial Statements Prepared according to Czech Legal Regulation

The theoretical part of the bachelor thesis is dedicated to closely analyze professional publications that explain description of work and operation of Financial Statements prepared according to Czech Legal Regulation. In the practical part the author deals with form of Financial Statements for the fictitious company. At first the author clears up some of the accounting cases in the Financial Diary and then he explains and bills those cases to individual synthetic accounts. After that he calculates closing balance of Balance Sheets accounts and final state of result accounts. Then he bills that at closing accounts. Next the author counts profit and income tax of the company. He writes every synthetic accounts and profit with income tax in to Balance Sheet and Statement of profit and loss. In the end of the Practical part the author writes about profit distribution of company in the next accounting period. The end of the bachelor thesis is focused on valuation and description mistakes of Financial Statements