IFRS implementation: A case of real company

Pavel Balík

Master's thesis

Anotácia:

The aim of the Master thesis is to depict the first application of International Financial Reporting Standard in the company that reports under Czech Accounting System. The aim is to describe each accounting systems on theoretical basis and deduct differences between them. Subsequently, the application of IFRSs is carried out on the practical level with the cooperation of the company IPB Invest, a.s. The primary goal is the conversion of financial statements based on the IFRS requirements. The attention is given to the technical implementation of financial statement conversion. The main business of the company is rendering of financial lease services. Therefore, the conversion in particular relates to accounting treatment of financial leases under IAS 17. The outcome are financial statements prepared in accordance with International Financial Reporting Standards.

Abstract:

The aim of the Master thesis is to depict the first application of International Financial Reporting Standard in the company that reports under Czech Accounting System. The aim is to describe each accounting systems on theoretical basis and deduct differences between them. Subsequently, the application of IFRSs is carried out on the practical level with the cooperation of the company IPB Invest, a.s. The primary goal is the conversion of financial statements based on the IFRS requirements. The attention is given to the technical implementation of financial statement conversion. The main business of the company is rendering of financial lease services. Therefore, the conversion in particular relates to accounting treatment of financial leases under IAS 17. The outcome are financial statements prepared in accordance with International Financial Reporting Standards.

Kľúčové slová

IFRS, IFRS transformation, Trial balance conversion, Financial leases, CAS

Keywords

Trial balance conversion, IFRS, Financial leases, IFRS first application, CAS

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 27. 11. 2016

Obhajoba závěrečné práce

• Obhajoba proběhla 8. 6. 2017
• Vedúci: David Procházka
• Oponent: Mariana Peprníčková

Vysoká škola ekonomická v Praze

Master programme:
Finance and Accounting