IFRS financial statements

The training is devoted to the basic principles and rules of accounting recognition, measurement and presentation under IFRS. We will focus on areas that are of key importance in preparing the financial statements, to give you a general overview of the procedures applied, the differences between IFRS and Czech accounting standards, and how to address them.

Who are the intended participants?

  • Accounting staff in charge of statutory financial statements and consolidations under IFRS
  • Reporting staff involved in preparing IFRS reporting packages
  • Staff of companies preparing to adopt IFRS
  • All those who come across financial statements prepared under IFRS and need to know the basic principles of these international accounting standards.

Programme

  • Standards regulating the contents of the financial statements
  • Definition and recognition of basic elements of the financial statements
  • First-time preparation of financial statements under IFRS
  • Preparation of IFRS financial statements in subsequent years
  • CAS – IFRS translation bridge (reclassifications, IFRS adjustments)
  • Notes to financial statements, differences from CAS
  • IFRS group reporting
  • Most frequent errors and deficiencies in preparing the financial statements
  • Statement of financial position
  • Statement of comprehensive income
  • Statement of changes in equity
  • Cash flow statement.

Benefits

After completing the course, you will:

  • Have an idea of the essence and logic of the IFRS concept
  • Understand the main principles and rules of recognition, measurement and presentation under IFRS and gain the foundation for preparing financial statements under these international financial reporting standards.

 

Dates

How to identify manipulation of financial statements according to Czech and international accounting standards

22. 10. 2019 09:00–16:30
KPMG Česká republika, s.r.o., Pobřežní 1a, Praha 8
Course fee: 6 800,- CZK ex. VAT
Sign up

For attending this training course, you are eligible to gain 7 of CPD points.

The fee includes training materials and morning and afternoon refreshments and lunch. The training will be conducted in Czech. Members of the Czech Institute of Internal Auditors (ČIIA) are entitled to a 10% discount off the training fee