Conflicts of roles - manager of the company is also the owner, manager of the company is not the owner - from the perspective of accounting

The work is about the differences in accounting according to company management, defines the possible differences in the financial statements between companies led by the owners or managers. The theoretical part defines the function and history of accounting, users of financial data, origin and activities of the audit, including a description of regulatory accounting statements in the Czech Republic and their explanatory power. The work focuses on the possible role of relationship conflicts owner and manager in connection with accounting. The practical part deal with results of the questionnaire and discusses selected cases of conflicts of financial analysis specific entity, which is also the owner of the business manager. The conclusion is comparing the theoretic knowledge with practical information.