Balancing of the chosen intangible fixed assets according to the Czech accounting legislation, German accounting systems and international accounting standards.

摘要

This paper compares different accounting approaches for intangible fixed assets, especially in the area of determination, evaluation as at the date of the accounting transaction and at closing date, and depreciation. The comparison covers the Czech accounting legislation, selected German accounting systems, and the international accounting standards IAS/IFRS and US GAAP. An analysis of selected Czech firms with a varied structure of intangible fixed assets was also performed. The analysis proved that, in spite of the running IAS/IFRS and US GAAP convergence process, there are significant differences in this area of accounting, which limit the comparability of financial statements of accounting units.