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In this dissertation I investigate and compare the impairments of long-lived operating assets under US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS) from different perspective, including the informativeness, determinants, and market valuation of asset impairments. A firm invests in long-lived operating assets with the expectation of generating future benefit. The decision or recognition of asset impairments implies such future benefit is expected to be lower than originally estimated. US GAAP and IFRS both require the recognition of impairment losses but their standards and accounting approaches are different in several ways. These distinctions raise the question whether the reported long-lived asset impairments under US GAAP and IFRS are comparable and motivate this dissertation. I investigate the predictive ability of reported asset write-offs for firms' future performance and find negative associations suggesting the informativeness of impairment losses. But such informativeness depends on the type of assets impaired, the accounting standards adopted, and the institutional characteristics. In general, aggregate impairments are persistently associated with future performance under IFRS but not US GAAP. The impairments of tangible assets have more predictive ability than those of intangibles. For IFRS adopters, enforcement takes a more important role in determining the informativeness of asset impairments than legal origins. I also examine the determinants and attributes of asset impairments under US GAAP and IFRS. I find both of them reflect certain economic factors and reporting incentives. Under US GAAP asset impairments strongly reflect GDP growth, unemployment rate, industry-trend and reporting incentives, including taking a big bath and income smoothing. Under IFRS the impairments reflect most economic factors but less reporting incentives. However, when enforcement is low in IFRS countries, firms tend to manage earnings through asset write-offs. I further address the market valuation of asset write-offs under US GAAP and IFRS. The reporting of asset impairments improves the explanatory power of accounting information for equity prices under IFRS but not US GAAP, especially when enforcement is high. The associations between asset write-offs and equity prices under IFRS in high enforcement countries are significantly different from those under US GAAP, implying investors weigh reported impairments under IFRS. I also use stock returns as an alternative metric of market valuation. Under US GAAP, asset write-offs are negatively associated with past, current, and future stock returns. Under IFRS in high enforcement countries the effects of impairment loss concentrate on past and current stock returns. The results of comparisons suggest asset write-offs under US GAAP and IFRS are not totally comparable from a market perspective. This dissertation contributes to literature on special items, impairment accounting, and reporting under IFRS. It is also related to the comparability of financial reporting under US GAAP and IFRS. While studies have compared overall properties of the two standards, examining the differences in a specific accounting area is also important as U.S. SEC express concern about the convergence of different accounting standards and whether U.S. should incorporate IFRS into its financial reporting systems. / Business Administration/Accounting

NAND flash-based Solid State Devices (SSDs) provide high performance and energy efficiency and at the same time their capacity continues to grow at an unprecedented rate. As a result, SSDs are increasingly being used in high end computing systems such as supercomputing clusters. However, one of the biggest impediments to large scale deployments is the limited erase cycles in flash devices. The natural skewness in I/O workloads can results in Wear imbalance which has a significant impact on the reliability, performance as well as lifetime of the cluster. Current load balancers for storage systems are designed with a critical goal to optimize performance. Data migration techniques are used to handle wear balancing but they suffer from a huge metadata overhead and extra erasures. To overcome these problems, we propose an endurance-aware write off-loading technique (EWO) for balancing the wear across different flash-based servers with minimal extra cost. Extant wear leveling algorithms are designed for a single flash device. With the use of flash devices in enterprise server storage, the wear leveling algorithms need to take into account the variance of the wear at the cluster level. EWO exploits the out-of-place update feature of flash memory by off- loading the writes across flash servers instead of moving data across flash servers to mitigate extra-wear cost. To evenly distribute erasures to flash servers, EWO off-loads writes from the flash servers with high erase cycles to the ones with low erase cycles by first quantitatively calculating the amount of writes based on the frequency of garbage collection. To reduce metadata overhead caused by write off-loading, EWO employs a hot-slice off-loading policy to explore the trade-offs between extra-wear cost and metadata overhead. Evaluation on a 50 to 200 node SSD cluster shows that EWO outperforms data migration based wear balancing techniques, reducing up to 70% aggregate extra erase cycles while improving the write performance by up to 20% compared to data migration. / Master of Science

This study examined the impact of the ceiling test write-off on the stock prices of affected full cost (FC) oil and gas firms.

The diploma thesis is focused on debt management system. Some facts concerning the classification of debts, right pricing and inventory taking have been clarified in the theoretical part. A provision of debts, adjusting item issues and a write-off of debts have been taken into consideration as well. The practical part of thesis focuses on debt analysis, ways of debt provision used in the given company. One chapter deals with outstanding debts. Finally, debt management system in the company is assessed as well as the suggestion of improvement.

The diploma thesis deals with issues concerning the creation o internal corporate guidelines. The theoretical part focuses on internal corporate guidelines more broadly and on their creation and content. Furthermore the thesis deals with payables with regard to new legal requirements. In the practical part I have proposed the internal corporate guideline titled "Definition of principles for the creation and management of allowances."

The thesis is focused on the management of trade receivables. The first part of the thesis deals with the definition of trade receivables and describes their importance to the company. In the following section it is mentioned the significance of internal directive, related evidence and valuation of trade receivables with an emphasis on accounting and tax issues from the perspective of the Czech legislation. The next chapter is devoted to the entire process of management of trade receivables. There are described particular sections of the process from securing receivables to debts collection. In the fourth part there are solved overdue receivables and their accounting and tax solutions. In the conclusion I analyze management of trade receivables in a particular company.

Indebtedness of individuals non-entrepreneurs and their subsequent inability to pay their obligations duly and on time was reflected not only in legislation designed to protect consumers but also to law that props up the debtor's financial position and provides him a second chance for a fresh start free of debt. The Insolvency Act passed through development during its efficiency i.e. from 1st August 2008, a considerable development, and according to the number of submitted insolvency proposals it became a legal instrument used by debtors to manage and address solving of their situation. We will be able to assess efficiency of utilisation this notion enabling discharge from debts in the next two or three years, when enough evidence should be available to evaluate the success of approved debt reliefs through the payment schedule. Court decision taking adapted the Insolvency Act also to the possibility of debt relief for spouses who are in most cases engaged in joint commitments under the joint property of spouses. The debt relief for spouses, however, brings a couple of questions and insolvency courts do not approach to proceed it in uniformly way. It is therefore important to prepare major amendment to the Insolvency Act, from which we expect not only the unification of court decisions, as well as...

The subject of this thesis is the issue of overdue receivables and their reflection in accounting according to accounting and tax legislation valid in the Czech Republic. First it discusses debt collection and related costs. Then it maps the rules for recognition of impairment loss on receivables in the accounts through allowances and write-offs, also from the perspective of international financial reporting standards and in terms of tax optimization. The main part of the work is an analysis of overdue debts and formed allowances in the years 2004 to 2014 in nine selected leasing companies operating on the Czech market, focusing on the influence of the financial crisis of 2008 and 2009.

Актуальность темы выпускной работы в современных условиях для любого предприятия и для данного предприятия, в частности. В процессе развития любого предприятия, рано или поздно, возникает необходимость в оптимизации внутренних процессов, это особенно актуально, когда предприятие выполняет государственный оборонный заказ (далее ГОЗ) по новым условиям. С 2020 года сдача изделия по ГОЗ должно происходить в соответствии с Приказом от 26.08.2019 г.N 1138/19 [1]. В котором по форме N 4 – статья сырьё и материалы должны расшифровываться попозиционно в полном объёме, и норматив материала должен полностью соответствовать материалу списания, а отклонение от норматива должно обосновываться легитимными документами. Предметом исследования в данной выпускной квалификационной работе является процесс списание материалов в производство и отнесение затрат на заказы. / The relevance of the topic of graduation work in modern conditions for any enterprise and for this enterprise, in particular. In the process of development of any enterprise, sooner or later, there is a need to optimize internal processes, this is especially relevant when the enterprise fulfills the state defense order (hereinafter referred to as the GOZ) under new conditions. From 2020, the delivery of the product according to the GOZ should take place in accordance with the Order of 26.08.2019 N 1138/19 [1]. In which, in form N 4, the article of raw materials and materials should be decrypted in full by position, and the material standard should fully correspond to the write-off material, and the deviation from the standard should be justified by legitimate documents. The subject of research in this graduation qualification work is the process of scrapping materials into production and assigning costs to orders.