Accounting, tax and legal context of closing works

The bachelor thesis titled Accounting, tax and legal context of closing works in the first part describes the individual steps before preparation of the financial statements. Thesis also compares these steps from the accounting and tax point of view according to the valid legislation. The accounting part focuses on the accounting policies and responsibilities that arise at the end of the accounting period and the accounts way of recording the relevant transactions into the accounts. The tax section discusses the conditions and rules for the tax deductibility of accounting items in the tax base. At the end of the thesis there are presented cases where the ambiguity of the interpretation of accounting and tax legislation had to be solved by a court and further possible lessons from these cases for the future similar situations