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.
CHRPA sociální firma Slezské diakonie o.p.s., Petr Světlík
Financial risk management for social enterprises: Since attending your training course, we have started reorganising the firm’s entire operation. We hired an accountant and started reviewing everything from the ground up and putting everything in order. Previously, we only used an external accountant. We now calculate expenses and revenues, and allocate costs to individual products. We monitor how long it takes to manufacture each product, etc. We are reorganising work procedures and so forth. I know, six years after the firm’s establishment, it may seem a bit late, but it was your course that finally opened my eyes. What’s more, we managed to obtain three new customers.
OGResearch, s.r.o., David Vávra
ISAE 3402 issues: Professional training sessions led by experienced lecturer Radka Haluzíková, who manages to quickly and efficiently pass on a whole range of information in the area of ISAE 3402. Her exceptional identification with our requirements in the field of education is highly appreciated. Since the beginning of our cooperation, we have had no reasons whatsoever for any dissatisfaction. We are content with the course and the contents of the professional training, the selection of topics for individual groups of employees, practical examples and suitability for our company’s actual business activity, as well as the ability to promptly and flexibly adjust the topic according to real issues presented.
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.
BASALT CZ s.r.o., lng. Tomáš Petrů
Training sessions on the protection of competition, taking place regularly already since 2013 and led by KPMG lecturers, are tailored to the requirements and goals of our parent company based in Germany. The lecture always includes specific practical examples considerably enhancing the training. Overall, the training sessions proved to be very beneficial and useful for us.