Provisions according to ČÚS and IAS/IFRS including Empirical Study of Disclosure

Provisions are accounting items which depends on the estimations. Due to the estimations, the amount of provisions depends on the framework of estimations. The article presents methods of estimations and disclosures rules of both ČÚS and IAS/IFRS. The second part of the article is an empirical study which presents results of disclosure of provisions in Czech Republic according to the IAS/IFRS. The article presents the results of research of disclosure and mistakes in disclosure and meditates on possible inspiration of disclosure by Czech accounting standards. The disclosure and inspiration by ČÚS is measured by assessment of partial areas of disclosure.