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Overview of Differences between International …

Overview of Differencesbetween InternationalFinancial ReportingStandards and CzechAccounting Legislation20132 ContentsAuthors Comments4 financial Statements5 Property, Plant and Equipment10 Leases13 Borrowing Costs15 Investment Property16 Intangible Assets17 Inventories19 Share-based Payment21 Employee Benefits22 Provisions, Contingent Liabilities and Contingent Assets24 financial Instruments26 Non-current Assets Held for Sale and Discontinued Operations30 Revenue31 Construction Contracts34 Impairment of Assets35 Fair Value Measurement37 Income Taxes39 Consolidation and Business Combinations403 IntroductionInternational financial reporting standards ( ifrs ), a set of financial reporting standards issued by theInternational Accounting standards Board (IASB) andrelated interpr

3 Introduction International Financial Reporting Standards (IFRS), i.e. a set of financial reporting standards issued by the International Accounting Standards Board (IASB) and

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