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

We will help you understand the accounting manipulation methods used by companies to adjust their financial statements to their needs. You will learn about the major errors and omissions most frequently made in the non-audited financial statements and you will find out what should make you suspect that the view given of the company’s financial operations may be distorted.

Who are the intended participants?

Credit analysts who provide loans to commercial companies.
Leasing analysts who provide leases to companies.
Investors who seek acquisitions, business partners and need to understand their partners’ financial result and performance, etc.

Programme

What are the intended purposes and risks of different types of financial statements?
What can one expect from an auditor?
What are the consequences, obligations and options when applying international accounting standards (IFRS)?
What are the major differences between CZ GAAP and IFRS and their effect on the financial statements, and room for manipulation.
How can certain types of corporate transformations and business combinations be used to manipulate financial statements?
Practical examples of financial statement manipulation; analysing individual balance sheet and income statement items.
Specific real-life examples.

Benefits

After the completion of the course, you will be able to:

Identify risk factors and areas for your analysis and subsequent decisions.
Reveal opportunistic manipulations of financial statements.
Adjust your financial analyses if presented with financial statements under IFRS.