{"id":15868,"date":"2025-01-13T11:47:25","date_gmt":"2025-01-13T10:47:25","guid":{"rendered":"https:\/\/money.cz\/novinky-a-tipy\/?p=15868"},"modified":"2025-11-28T08:41:38","modified_gmt":"2025-11-28T07:41:38","slug":"jak-uctovat-dluhove-cenne-papiry","status":"publish","type":"post","link":"https:\/\/money.cz\/novinky-a-tipy\/jak-uctovat\/jak-uctovat-dluhove-cenne-papiry\/","title":{"rendered":"Jak \u00fa\u010dtovat: Dluhov\u00e9 cenn\u00e9 pap\u00edry"},"content":{"rendered":"<h2>Vymezen\u00ed dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f<\/h2>\n<p>Dluhov\u00fd cenn\u00fd pap\u00edr p\u0159edstavuje \u00fav\u011brov\u00fd vztah, v\u00a0n\u011bm\u017e se dlu\u017en\u00edk (emitent) zavazuje ve lh\u016ft\u011b splatnosti odkoupit dluhov\u00fd cenn\u00fd pap\u00edr (dluhopis \u010di sm\u011bnku) a krom\u011b vr\u00e1cen\u00ed p\u016fj\u010den\u00e9ho kapit\u00e1lu, vyplatit v\u011b\u0159iteli i \u00farok.<\/p>\n<p>Kr\u00e1tkodob\u00fd cenn\u00fd pap\u00edr je po\u0159izov\u00e1n \u00fa\u010detn\u00ed jednotkou za \u00fa\u010delem obchodov\u00e1n\u00ed s\u00a0n\u00edm ve snaze generovat zisk v\u00a0kr\u00e1tkodob\u00e9m \u010dasov\u00e9m obdob\u00ed, maxim\u00e1ln\u011b dvan\u00e1ct m\u011bs\u00edc\u016f. Rovn\u011b\u017e se za kr\u00e1tkodob\u00fd cenn\u00fd pap\u00edr v\u00a0p\u0159\u00edpad\u011b dluhov\u00e9ho cenn\u00e9ho pap\u00edru pova\u017euje po\u0159\u00edzen\u00ed za \u00fa\u010delem dr\u017eby do splatnosti, maxim\u00e1ln\u011b po dobu dvan\u00e1cti m\u011bs\u00edc\u016f.<\/p>\n<p>Dlouhodob\u00fd cenn\u00fd pap\u00edr po\u0159izuje \u00fa\u010detn\u00ed jednotka za \u00fa\u010delem jeho dr\u017eby po dobu del\u0161\u00ed ne\u017e dvan\u00e1ct m\u011bs\u00edc\u016f. Rovn\u011b\u017e se za kr\u00e1tkodob\u00fd cenn\u00fd pap\u00edr v\u00a0p\u0159\u00edpad\u011b dluhov\u00e9ho cenn\u00e9ho pap\u00edru pova\u017euje po\u0159\u00edzen\u00ed za \u00fa\u010delem dr\u017eby do splatnosti, po dobu del\u0161\u00ed dvan\u00e1cti m\u011bs\u00edc\u016f.<\/p>\n<p><strong>Z\u00a0hlediska \u00fa\u010dtov\u00e1n\u00ed nalezneme dlouhodob\u00e9 dluhov\u00e9 cenn\u00e9 pap\u00edry zejm\u00e9na na \u00fa\u010dtu:<\/strong><\/p>\n<p>065 \u2013 Dluhov\u00e9 cenn\u00e9 pap\u00edry dr\u017een\u00e9 do splatnosti \u2013 dlouhodob\u00e9.<\/p>\n<p><strong>Z\u00a0hlediska \u00fa\u010dtov\u00e1n\u00ed nalezneme kr\u00e1tkodob\u00e9 dluhov\u00e9 cenn\u00e9 pap\u00edry na zejm\u00e9na na \u00fa\u010dtech:<\/strong><\/p>\n<p>253 \u2013 Dluhov\u00e9 cenn\u00e9 pap\u00edry k\u00a0obchodov\u00e1n\u00ed,<\/p>\n<p>254 \u2013 Sm\u011bnky k\u00a0inkasu,<\/p>\n<p>256 \u2013 Dluhov\u00e9 cenn\u00e9 pap\u00edry dr\u017een\u00e9 do splatnosti \u2013 se splatnost\u00ed do jednoho roku.<\/p>\n<p>V\u00a0t\u00e9to souvislosti je dobr\u00e9 zm\u00ednit \u00fa\u010dty, na kter\u00e9 se \u00fa\u010dtuj\u00ed v\u00fdnosy plynouc\u00ed z\u00a0dr\u017eby cenn\u00fdch pap\u00edr\u016f:<\/p>\n<p>665 \u2013 V\u00fdnosy z\u00a0dlouhodob\u00e9ho finan\u010dn\u00edho majetku<\/p>\n<p>\u00da\u010det slou\u017e\u00ed pro vy\u00fa\u010dtov\u00e1n\u00ed v\u00fdnos\u016f z\u00a0dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f (nap\u0159\u00edklad \u00farok z\u00a0dluhopisu), kter\u00e9 jsou \u00fa\u010dtov\u00e1ny jako dlouhodob\u00fd finan\u010dn\u00ed majetek.<\/p>\n<p>666 \u2013 V\u00fdnosy z\u00a0kr\u00e1tkodob\u00e9ho finan\u010dn\u00edho majetku<\/p>\n<p>\u00da\u010det slou\u017e\u00ed pro vy\u00fa\u010dtov\u00e1n\u00ed v\u00fdnos\u016f z\u00a0dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f (nap\u0159\u00edklad \u00farok z\u00a0dluhopisu), kter\u00e9 jsou \u00fa\u010dtov\u00e1ny jako kr\u00e1tkodob\u00fd finan\u010dn\u00ed majetek.<\/p>\n<h2>Oce\u0148ov\u00e1n\u00ed dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f<\/h2>\n<p>V\u00a0r\u00e1mci oce\u0148ov\u00e1n\u00ed dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f je nutn\u00e9 rozli\u0161ovat t\u0159i situace:<\/p>\n<ul>\n<li>ocen\u011bn\u00ed p\u0159i po\u0159\u00edzen\u00ed,<\/li>\n<li>ocen\u011bn\u00ed p\u0159i vy\u0159azen\u00ed,<\/li>\n<li>ocen\u011bn\u00ed k\u00a0rozvahov\u00e9mu dni (sestaven\u00ed \u00fa\u010detn\u00ed z\u00e1v\u011brky).<\/li>\n<\/ul>\n<h3>Ocen\u011bn\u00ed p\u0159i po\u0159\u00edzen\u00ed<\/h3>\n<p>P\u0159i po\u0159\u00edzen\u00ed cenn\u00fdch pap\u00edr\u016f koup\u00ed se prov\u00e1d\u00ed ocen\u011bn\u00ed po\u0159izovac\u00ed cenou, kter\u00e1 je tvo\u0159ena cenou po\u0159\u00edzen\u00ed a vedlej\u0161\u00edmi po\u0159izovac\u00edmi n\u00e1klady (provize, poplatky). Dle Vyhl\u00e1\u0161ky \u010d. 500\/2002 Sb. v\u0161ak sou\u010d\u00e1st\u00ed vedlej\u0161\u00edch po\u0159izovac\u00edch n\u00e1klad\u016f nejsou p\u0159edev\u0161\u00edm \u00faroky z\u00a0\u00fav\u011br\u016f na po\u0159\u00edzen\u00ed cenn\u00fdch pap\u00edr\u016f a n\u00e1klady spojen\u00e9 s\u00a0dr\u017ebou cenn\u00fdch pap\u00edr\u016f.<\/p>\n<p>V\u00a0p\u0159\u00edpad\u011b bez\u00faplatn\u00e9ho nabyt\u00ed cenn\u00fdch pap\u00edr\u016f se pou\u017e\u00edv\u00e1 reproduk\u010dn\u00ed po\u0159izovac\u00ed cena.<\/p>\n<h3>Ocen\u011bn\u00ed p\u0159i vy\u0159azen\u00ed<\/h3>\n<p>P\u0159i vy\u0159azen\u00ed cenn\u00fdch pap\u00edr\u016f lze pou\u017e\u00edt:<\/p>\n<ul>\n<li>historick\u00e9 ocen\u011bn\u00ed (skute\u010dn\u00e1 historick\u00e1 po\u0159izovac\u00ed cena),<\/li>\n<li>v\u00e1\u017een\u00fd aritmetick\u00fd pr\u016fm\u011br,<\/li>\n<li>metodu \u201eFIFO\u201c (prvn\u00ed na sklad, prvn\u00ed ze skladu).<\/li>\n<\/ul>\n<h3>Ocen\u011bn\u00ed k\u00a0rozvahov\u00e9mu dni (sestaven\u00ed \u00fa\u010detn\u00ed z\u00e1v\u011brky)<\/h3>\n<p>K\u00a0rozvahov\u00e9mu dni se cenn\u00e9 pap\u00edry oce\u0148uj\u00ed, v\u00a0z\u00e1vislosti na jejich druhu:<\/p>\n<ul>\n<li>re\u00e1lnou hodnotou,<\/li>\n<li>ekvivalenc\u00ed,<\/li>\n<li>po\u0159izovac\u00ed cenou,<\/li>\n<li>tvorbou opravn\u00e9 polo\u017eky v\u00a0p\u0159\u00edpad\u011b p\u0159echodn\u00e9ho sn\u00ed\u017een\u00ed hodnoty.<\/li>\n<\/ul>\n<p>Re\u00e1lnou hodnotou se oce\u0148uj\u00ed cenn\u00e9 pap\u00edry s\u00a0v\u00fdjimkou:<\/p>\n<ul>\n<li>cenn\u00fdch pap\u00edr\u016f dr\u017een\u00fdch do splatnosti,<\/li>\n<li>dluhopis\u016f po\u0159\u00edzen\u00fdch v\u00a0prim\u00e1rn\u00edch emis\u00edch neur\u010den\u00fdch \u00fa\u010detn\u00ed jednotkou k\u00a0obchodov\u00e1n\u00ed,<\/li>\n<li>cenn\u00fdch pap\u00edr\u016f p\u0159edstavuj\u00edc\u00edch \u00fa\u010dast v\u00a0ovl\u00e1dan\u00fdch \u00fa\u010detn\u00edch jednotk\u00e1ch, nebo \u00fa\u010detn\u00edch jednotk\u00e1ch pod podstatn\u00fdm vlivem,<\/li>\n<li>cenn\u00fdch pap\u00edr\u016f emitovan\u00fdch \u00fa\u010detn\u00ed jednotkou.<\/li>\n<\/ul>\n<p>Jako re\u00e1ln\u00e1 hodnota se pou\u017eije:<\/p>\n<ul>\n<li>tr\u017en\u00ed hodnota,<\/li>\n<li>hodnota vypl\u00fdvaj\u00edc\u00ed z\u00a0obecn\u011b uzn\u00e1van\u00fdch oce\u0148ovac\u00edch model\u016f a technik, pokud tyto oce\u0148ovac\u00ed modely a techniky zaji\u0161\u0165uj\u00ed p\u0159ijateln\u00fd odhad tr\u017en\u00ed hodnoty,<\/li>\n<li>ocen\u011bn\u00ed kvalifikovan\u00fdm odhadem nebo posudkem znalce,<\/li>\n<li>ocen\u011bn\u00ed stanoven\u00e9 podle zvl\u00e1\u0161tn\u00edch pr\u00e1vn\u00edch p\u0159edpis\u016f, pokud nelze pou\u017e\u00edt \u017e\u00e1dnou z\u00a0p\u0159edchoz\u00edch technik ocen\u011bn\u00ed.<\/li>\n<\/ul>\n<p>Jestli\u017ee nen\u00ed mo\u017en\u00e9 objektivn\u011b stanovit re\u00e1lnou hodnotu, pova\u017euje se za tuto hodnotu ocen\u011bn\u00ed ke dni uskute\u010dn\u011bn\u00ed \u00fa\u010detn\u00edho p\u0159\u00edpadu (nap\u0159\u00edklad po\u0159izovac\u00ed cenou).<\/p>\n<p>Mikro \u00fa\u010detn\u00ed jednotka nepou\u017eije ocen\u011bn\u00ed re\u00e1lnou hodnotou nebo ekvivalenc\u00ed s\u00a0v\u00fdjimkami podle Zo\u00da, nap\u0159\u00edklad obchodn\u00edci s\u00a0cenn\u00fdmi pap\u00edry, platebn\u00ed instituce, investi\u010dn\u00ed spole\u010dnosti a fondy d\u016fchodov\u00e9ho nebo penzijn\u00edho spo\u0159en\u00ed.<\/p>\n<p>Mikro \u00fa\u010detn\u00ed jednotka, kter\u00e1 zm\u011bnila kategorii \u00fa\u010detn\u00ed jednotky na vy\u0161\u0161\u00ed (malou, st\u0159edn\u00ed a velkou), ocen\u00ed p\u0159\u00edslu\u0161n\u00fd majetek re\u00e1lnou hodnotou, a to k\u00a0prvn\u00edmu dni \u00fa\u010detn\u00edho obdob\u00ed zm\u011bny kategorie.<\/p>\n<p>\u00da\u010detn\u00ed jednotka (mal\u00e1, st\u0159edn\u00ed a velk\u00e1), kter\u00e1 zm\u011bnila kategorii \u00fa\u010detn\u00ed jednotky na mikro a oce\u0148ovala majetek re\u00e1lnou hodnotou, zru\u0161\u00ed toto ocen\u011bn\u00ed k\u00a0prvn\u00edmu dni \u00fa\u010detn\u00edho obdob\u00ed zm\u011bny kategorie.<\/p>\n<h2>\u00da\u010dtov\u00e1n\u00ed dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f<\/h2>\n<p>Poj\u010fme si p\u0159edstavit z\u00e1kladn\u00ed \u00fa\u010detn\u00ed operace spojen\u00e9 s\u00a0dluhov\u00fdmi cenn\u00fdmi pap\u00edry:<\/p>\n<table class=\"table table-zebra\">\n<thead>\n<tr>\n<td style=\"text-align: center;\">\n<p><strong>\u00da\u010detn\u00ed p\u0159\u00edpad<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p><strong>\u010c\u00e1stka (K\u010d)<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p><strong>MD<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p><strong>D<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p>N\u00e1kup kr\u00e1tkodob\u00fdch dluhopis\u016f dr\u017een\u00fdch do splatnosti (v\u011b\u0159itel) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>90.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>256<\/p>\n<\/td>\n<td>\n<p>379<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>\u00dahrada dluhu z\u00a0bankovn\u00edho \u00fa\u010dtu (v\u011b\u0159itel) (VB\u00da)<\/p>\n<\/td>\n<td>\n<p>90.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>379<\/p>\n<\/td>\n<td>\n<p>221<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>V den splatnosti p\u0159edlo\u017eeny dluhopisy k\u00a0proplacen\u00ed (v\u011b\u0159itel) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>90.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>378<\/p>\n<\/td>\n<td>\n<p>256<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>P\u0159edpis n\u00e1roku na \u00farok (v\u011b\u0159itel) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>6.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>378<\/p>\n<\/td>\n<td>\n<p>666<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Inkaso na bankovn\u00ed \u00fa\u010det za dluhopisy a \u00faroky (v\u011b\u0159itel) (VB\u00da)<\/p>\n<\/td>\n<td>\n<p>96.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>221<\/p>\n<\/td>\n<td>\n<p>378<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table class=\"table table-zebra\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\">\n<p><strong>\u00da\u010detn\u00ed p\u0159\u00edpad<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p><strong>\u010c\u00e1stka (K\u010d)<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p><strong>MD<\/strong><\/p>\n<\/td>\n<td style=\"text-align: center;\">\n<p><strong>D<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Emitov\u00e1ny kr\u00e1tkodob\u00e9 dluhopisy (emitent) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>90.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>375<\/p>\n<\/td>\n<td>\n<p>241<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Dluhopisy odkoupeny v\u011b\u0159iteli a uhrazeny na bankovn\u00ed \u00fa\u010det (emitent) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>90.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>221<\/p>\n<\/td>\n<td>\n<p>375<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>V den splatnosti p\u0159edlo\u017eeny v\u011b\u0159iteli dluhopisy k\u00a0proplacen\u00ed (emitent) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>90.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>241<\/p>\n<\/td>\n<td>\n<p>379<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>P\u0159edpis n\u00e1roku v\u011b\u0159itel\u016f na \u00farok (emitent) (V\u00daD)<\/p>\n<\/td>\n<td>\n<p>6.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>562<\/p>\n<\/td>\n<td>\n<p>379<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Z bankovn\u00edho \u00fa\u010dtu zaplaceny p\u0159edlo\u017een\u00e9 dluhopisy a \u00faroky<\/p>\n<\/td>\n<td>\n<p>96.000,&#8211;<\/p>\n<\/td>\n<td>\n<p>379<\/p>\n<\/td>\n<td>\n<p>221<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<figure id=\"attachment_15870\" aria-describedby=\"caption-attachment-15870\" style=\"width: 846px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15870\" src=\"https:\/\/money.cz\/novinky-a-tipy\/wp-content\/uploads\/sites\/2\/2024\/11\/dluhove-cenne-papiry.jpg\" alt=\"\u00da\u010dtov\u00e1n\u00ed dluhopis\u016f k\u00a0proplacen\u00ed a \u00faroku pomoc\u00ed pohled\u00e1vky a roz\u00fa\u010dtovac\u00edch polo\u017eek v\u00a0Money S3.\" width=\"846\" height=\"910\" srcset=\"https:\/\/money.cz\/novinky-a-tipy\/wp-content\/uploads\/sites\/2\/2024\/11\/dluhove-cenne-papiry.jpg 846w, https:\/\/money.cz\/novinky-a-tipy\/wp-content\/uploads\/sites\/2\/2024\/11\/dluhove-cenne-papiry-279x300.jpg 279w, https:\/\/money.cz\/novinky-a-tipy\/wp-content\/uploads\/sites\/2\/2024\/11\/dluhove-cenne-papiry-139x150.jpg 139w, https:\/\/money.cz\/novinky-a-tipy\/wp-content\/uploads\/sites\/2\/2024\/11\/dluhove-cenne-papiry-768x826.jpg 768w\" sizes=\"auto, (max-width: 846px) 100vw, 846px\" \/><figcaption id=\"caption-attachment-15870\" class=\"wp-caption-text\">\u00da\u010dtov\u00e1n\u00ed dluhopis\u016f k\u00a0proplacen\u00ed a \u00faroku pomoc\u00ed pohled\u00e1vky a roz\u00fa\u010dtovac\u00edch polo\u017eek v\u00a0Money S3.<\/figcaption><\/figure>\n<h2>Shrnut\u00ed<\/h2>\n<p>V\u00a0p\u0159\u00edpad\u011b dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f se v\u00a0p\u0159\u00edpad\u011b kr\u00e1tkodob\u00fdch polo\u017eek m\u016f\u017eeme setkat zejm\u00e9na s\u00a0\u00fa\u010dtem 253 \u2013 Dluhov\u00e9 cenn\u00e9 pap\u00edry k\u00a0obchodov\u00e1n\u00ed, 254 \u2013 Sm\u011bnky k\u00a0inkasu a 256 \u2013 Dluhov\u00e9 cenn\u00e9 pap\u00edry dr\u017een\u00e9 do splatnosti \u2013 kr\u00e1tkodob\u00e9. U dlouhodob\u00fdch polo\u017eek se jedn\u00e1 p\u0159edev\u0161\u00edm o \u00fa\u010det 065 \u2013 Dluhov\u00e9 cenn\u00e9 pap\u00edry dr\u017een\u00e9 do splatnosti \u2013 dlouhodob\u00e9. Cenn\u00e9 pap\u00edry se p\u0159i po\u0159\u00edzen\u00ed oce\u0148uj\u00ed po\u0159izovac\u00ed cenou (v p\u0159\u00edpad\u011b \u00faplatn\u00e9ho nabyt\u00ed) nebo reproduk\u010dn\u00ed po\u0159izovac\u00ed cenou (v p\u0159\u00edpad\u011b bez\u00faplatn\u00e9ho nabyt\u00ed). V\u00a0p\u0159\u00edpad\u011b vy\u0159azen\u00ed se pro ocen\u011bn\u00ed majetkov\u00fdch cenn\u00fdch pap\u00edr\u016f pou\u017e\u00edv\u00e1 metoda ocen\u011bn\u00ed v\u00a0historick\u00e9 cen\u011b (skute\u010dn\u00e1 vstupn\u00ed cena), metoda v\u00e1\u017een\u00e9ho aritmetick\u00e9ho pr\u016fm\u011br\u016f nebo metoda \u201eFIFO\u201c (prvn\u00ed na sklad, prvn\u00ed ze skladu).<\/p>\n<p>Specifick\u00e9 je oblast oce\u0148ov\u00e1n\u00ed majetkov\u00fdch cenn\u00fdch pap\u00edr\u016f k\u00a0rozvahov\u00e9mu dni, tj. ke dni sestavov\u00e1n\u00ed \u00fa\u010detn\u00ed z\u00e1v\u011brky. Ve vazb\u011b na druh cenn\u00e9ho pap\u00edr\u016f a dal\u0161\u00ed podm\u00ednky dle \u00fa\u010detn\u00edch p\u0159edpis\u016f rozli\u0161ujeme ocen\u011bn\u00ed (p\u0159ecen\u011bn\u00ed) na re\u00e1lnou hodnotu, ocen\u011bn\u00ed ekvivalenc\u00ed, ocen\u011bn\u00ed po\u0159izovac\u00ed cenou a vyu\u017eit\u00ed opravn\u00e9 polo\u017eky pro zachycen\u00ed p\u0159echodn\u00e9ho sn\u00ed\u017een\u00ed hodnoty aktiva.<\/p>\n<p>V\u00a0oblasti dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f je nutn\u00e9 p\u0159i \u00fa\u010dtov\u00e1n\u00ed rozli\u0161ovat stranu v\u011b\u0159itele (investora) a stranu dlu\u017en\u00edka (emitenta). Zat\u00edmco v\u00a0p\u0159\u00edpad\u011b v\u011b\u0159itele hovo\u0159\u00edme o aktivn\u00edch polo\u017ek\u00e1ch, kter\u00e9 jsou zachyceny na \u00fa\u010dtech \u00fa\u010dtov\u00e9 t\u0159\u00eddy 2 \u2013 Kr\u00e1tkodob\u00fd finan\u010dn\u00ed majetek a dluhy nebo 0 \u2013 Dlouhodob\u00fd finan\u010dn\u00ed majetek, u dlu\u017en\u00edka se nach\u00e1z\u00edme p\u0159i \u00fa\u010dtov\u00e1n\u00ed na syntetick\u00fdch \u00fa\u010dtech \u00fa\u010dtov\u00e9 t\u0159\u00eddy 2 \u2013 Kr\u00e1tkodob\u00fd finan\u010dn\u00ed majetek a dluhy nebo 4 \u2013 Vlastn\u00ed kapit\u00e1l a dlouhodob\u00e9 dluhy.<\/p>\n<h2>\u00da\u010dtov\u00e1n\u00ed dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f v Money S3<\/h2>\n<p>Ve videu v\u00fd\u0161e uvid\u00edte v \u010dase od 2:44 <strong>uk\u00e1zku praktick\u00e9ho \u00fa\u010dtov\u00e1n\u00ed dluhopis\u016f<\/strong>. V z\u00e1vazc\u00edch a pohled\u00e1vk\u00e1ch m\u016f\u017eete sledovat i to, jestli jsou uhrazen\u00e9, p\u0159\u00edpadn\u011b m\u016f\u017eete z\u00e1vazky propojit s p\u0159\u00edkazy k \u00fahrad\u011b.<\/p>\n<p>\u00da\u010detn\u00ed program se podob\u00e1 kancel\u00e1\u0159sk\u00fdm program\u016fm Microsoft Office, tak\u017ee se v n\u011bm <strong>snadno zorientujete<\/strong>. Pokud byste si s n\u011b\u010d\u00edm n\u00e1hodou nev\u011bd\u011bli rady, zavol\u00e1te na z\u00e1kaznickou linku nebo po\u0161lete p\u00edsemn\u00fd dotaz p\u0159es z\u00e1kaznick\u00fd port\u00e1l.<\/p>\n<p>V\u0161echny moduly Money S3 si <strong>zdarma vyzkou\u0161\u00edte<\/strong>. Sta\u010d\u00ed, kdy\u017e si st\u00e1hnete <a href=\"https:\/\/money.cz\/cenik-s3\/vyzkouset-money-s3-start\/\">bezplatnou verzi<\/a> Money S3 Start. Jestli\u017ee s n\u00ed budete spokojen\u00ed, se v\u0161emi sv\u00fdmi daty m\u016f\u017eete plynule p\u0159ej\u00edt na placenou verzi. Software funguje na principu modul\u016f \u2013 vyberete si jen ty, kter\u00e9 opravdu vyu\u017eijete a neplat\u00edte za nadbyte\u010dn\u00e9 funkce.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vymezen\u00ed dluhov\u00fdch cenn\u00fdch pap\u00edr\u016f Dluhov\u00fd cenn\u00fd pap\u00edr p\u0159edstavuje \u00fav\u011brov\u00fd vztah, v\u00a0n\u011bm\u017e se dlu\u017en\u00edk (emitent) zavazuje ve lh\u016ft\u011b splatnosti odkoupit dluhov\u00fd cenn\u00fd pap\u00edr (dluhopis \u010di sm\u011bnku) &#8230;<\/p>\n","protected":false},"author":12,"featured_media":15874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","inline_featured_image":false,"footnotes":""},"categories":[360],"tags":[58],"class_list":["post-15868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jak-uctovat","tag-money-s3"],"acf":[],"_links":{"self":[{"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/posts\/15868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/comments?post=15868"}],"version-history":[{"count":5,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/posts\/15868\/revisions"}],"predecessor-version":[{"id":17759,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/posts\/15868\/revisions\/17759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/media\/15874"}],"wp:attachment":[{"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/media?parent=15868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/categories?post=15868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/money.cz\/novinky-a-tipy\/wp-json\/wp\/v2\/tags?post=15868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}