This comprehensive educational programme in the Czech language will help to understand the basic principles of reporting (accounting) in line with the International Financial Reporting Standards (IFRS) and provide numerous examples.
Our concept of dividing the training into individual modules allows you to either choose the topics that are relevant to you or to complete the entire programme gradually and thus familiarise yourself with IFRS from A to Z.
The programme aims to offer information on the IFRS concept and to provide an overview of the most frequently used standards at the level of detail required for routine practice. We will help you understand the logics of individual standards and their mutual linkage. We will not only focus on recognition in financial statements, but also on the recognition of everyday transactions in line with IFRS requirements.
Our comprehensive training programme is primarily designed for finance and accounting department staff beginning to learn the basics of IFRS.
Each module contains individual courses that will guide you through the selected topic. Each course contains a series of simple examples to help you understand the topic. Modules conclude with a wrap-up refresher course that focuses on solving a series of specific practical examples, giving you the opportunity to practice the knowledge you obtained and get a better understanding of IFRS.
Thanks to our intensive programme, you will learn to use IFRS in practice.
Programme structure:
A. Basic module
- Introduction to IFRS
- Introduction to property standards including the recognition of lease agreements
- Basic standards for trade and manufacture (revenues, inventories, provisions, subsidies)
- Wrap-up
B. Specialised module
- Introduction to financial instruments for the business sector
- Introduction to reporting and consolidation
- Other standards frequently used in the preparation of financial statements (impairment, borrowing costs, subsequent events, accounting methods)
- Deferred tax including the calculation of effective tax rate
- Wrap-up
C. Segment module – selected standards in more detail
- Retail
- Manufacturing companies
- Real estate
- Leasing companies
D. Specific topics
- Consolidation
- Preparation of cash flow statement
- Hedge accounting
The IFRS specialist programme concludes with a written exam.
Conditions for obtaining a certificate:
- Basic module
- Completion of three mandatory courses and a successfully completed exam
- Specialised module
- Completion of four mandatory courses and a successfully completed exam
The total fee for the IFRS specialist programme (basic module – 3 courses and wrap-up; and specialised module – 4 courses and wrap-up) is CZK 48,500 excluding VAT.
The fee for the basic module (3 courses and wrap-up) is CZK 22,000 excluding VAT.
The fee for the specialised module (4 courses and wrap-up) is CZK 26,500 excluding VAT.
Individual courses can be certified separately, based on participation:
- The fee for a daily course taking place from 9am to 1:30pm is CZK 5 200 excluding VAT.
- The fee for a daily course taking place from 9am to 4:30pm is CZK 7 200 excluding VAT.
Who trains with us?
Kooperativa pojišťovna, a.s., Vienna Insurance Group, Michal Novotný
Be an Insurance Company CEO for a Day: The game impressed with its quick presentation of results and a very entertaining drawing of market scenarios and disasters. Although the extent to which each “setting” affected market shares and costs was not very clear, this added an exciting element of surprise. Subsequently, after several interactions, the impact could be estimated.
Kooperativa pojišťovna, a.s., Vienna Insurance Group, Ondřej Pilař
Be an Insurance Company CEO for a Day: A very good and sophisticated game. I recommend increasing price sensitivity; a high price of insurance not justified by higher costs guarantees very high profits – useful in games consisting of a small number of rounds (approx. up to eight rounds), where it will guarantee a win in the Equity category.
CHRPA sociální firma Slezské diakonie o.p.s., Petr Světlík
Mentoring programme for social enterprices: Many thanks to KPMG for the mentoring experience. I found it immensely beneficial. Analysing our firm in such a pleasant company of mentors was a real experience. Both mentors (H. Pleskačová) were very pleasant and at the same time honest and able to communicate negative things (which is very important for me) while also being able to appreciate things that are positive. There’s nothing better than being able to discuss your firm’s issues with an unbiased professional who provides you with a completely independent view of your problem or concern and advises you on what to do next and how. Since we started cooperation with KPMG, big changes have been taking place at our firm – for the better. After this experience, I will be happy to pay for additional mentoring classes.
PointPark Properties s.r.o., Lenka Mičianiková, Group Reporting Manager
The financial departments of the P3 Parks Group together participated in a one-day training course on current and deferred tax at the KPMG Business Institute. The focus of the course was to provide participants with an overview of typical items that influence an entity’s tax base, their effect on local deferred tax, and the effective use of tax rates to assess the accurate calculation of tax. Practical examples provided participants with the opportunity to test their newly-acquired understanding. Selected transaction types were then examined further in view of the different legislative approaches in the individual countries in which the P3 Parks Group is active. The expectation was that this training course would provide solid knowledge on deferred tax to the country representatives as well improve the quality of internal tax reporting processes. The training course certainly fulfilled our expectations.
Kooperativa pojišťovna, a.s., Vienna Insurance Group, Hynek Vodička
Be an Insurance Company CEO for a Day: An elaborate game that is excellent for gaining experience in making decisions on an insurance company’s strategy, including the ensuing financial result. I recommend playing this game with sales people and agents, too. It’s a pity that it only covers non-life insurance. I recommend expanding the game to include other insurance companies as well.