Fixed Assets Accounting Project Using the Oppis Programme and Its Impact on Business Performance

In the diploma thesis, the aim was to determine how the chosen depreciation rate and the maximum depreciation rate, as determined by law, affect a company's business performance. We were also interested in whether companies mostly choose the maximum rate for depreciating their fixed assets for business purposes and how the tax base is affected by reliefs determined by the state.

Results

In the diploma thesis, the aim was to determine how the chosen depreciation rate and the maximum depreciation rate, as determined by law, affect a company's business performance. We were also interested in whether companies mostly choose the maximum rate for depreciating their fixed assets for business purposes and how the tax base is affected by reliefs determined by the state. To summarise the findings, it can be said that companies are given the option to calculate depreciation for business purposes using different depreciation rates than for tax purposes.

From practice, we can say that the vast majority of companies choose the maximum rate determined by law for calculating depreciation. To reduce the tax base, companies have, in addition to other reliefs, the investment relief available, which for the year 2010 was 30% of the invested amount. Thus, it was found that great attention must be paid to operations involving tangible fixed assets, whilst having a good understanding of both accounting rules and tax legislation.