Accounting 1

The new edition of the successful book explains the issues of business accounting mainly through examples and exercises and is intended primarily for students and beginners who already have a basic overview of the individual topics. For each issue, you will find a basic explanation at the beginning, as well as examples and case studies applying the issue in practice. You can check the correctness of your solution at the end of each chapter, where you will also find the corresponding comments. The second edition of the book contains up-to-date information on each issue and new examples. You will practice preparing financial accounting reports, accounting for fixed assets, Inventory, costs, yields, equity, money and settlement relations. At the end of the publication there is a final summary example of the preparation of financial statements, which verifies the comprehensiveness of the acquired knowledge, as well as a comparison of the accounting system maintained according to the legal norms of the Czech Republic with the International Financial Reporting Standard for Small and Medium-sized Enterprises (IFRS for SMEs).