All who encounter finances in their job but do not work directly with them
Programme
Overview of basic accounting principles:
principle of duality and correlation of accounts
balance sheet principle
accrual principle
differences between advances and accruals
revenue recognition timing principle
difference between income and revenue, expense and expenditure
brief introduction to financial statements: balance sheet, income statement, movement in equity, cash flow
Practical examples to understand the purpose of individual items on the balance sheet and income statement and the manipulation of financial statements by individual items on the balance sheet and income statement
Interrelationships between the components of the financial statements (financial statements vs. notes to the financial statements)
Structure of the balance sheet and income statement (CAS and IFRS – brief comparison):
revenues and costs – gross margin, turnover, EBIT, EBITDA, result for the accounting period
assets (fixed assets/total assets), IFRS vs. CAS difference – IFRS 16
receivables (calculation of allowance – principles of provisioning: (age structure, specific, collateralisation of receivables), liquidity, turnaround time of receivables
inventories – example of accounting for purchase and sale of inventories, change in inventories or capitalisation of own production: principle and subsequent sale – accounting treatment (definitions, examples)
gain insight into the basic principles of accounting
understand the basics of financial reporting
learn about the links between the components of the financial statements
combine theoretical knowledge with practical examples
Place
KPMG Česká republika, s.r.o., Pobřežní 1a, Praha 8
The fee includes training materials and refreshments. The training will be conducted in Czech.
For attending this training course, you are eligible to gain 5 of CPD points.
All courses offered by the KPMG Business Institute are part of the system of continuing professional education for ACCA members who may continue to collect CPD points by completing the courses.
Za účast na našich školeních vždy obdržíte určitý počet CPD bodů (např. jeden den školení = 7 CPD bodů).
For attending this training course, you are eligible to gain 5 of CPD points.
