Preparation of financial statements in accordance with Czech accounting regulations

Who are the intended participants?

• Accountants and finance department employees who are required to prepare or understand the financial statements
• Controlling department employees whose duty is to evaluate and obtain information for monthly reporting to management
• Other employees who deal with a company’s financial statements

Programme

• Legal regulations, the Act on Accounting, the Decree, types of financial statements
• Publication of financial statements
• Classification of accounting entities
• Inventory-taking and the physical counting and examination of assets (matching of balances with relevant documents)
• Valuation of assets and liabilities
• Establishment of provisions and adjustments, accruals and deferrals, foreign exchange translation
• Closing of accounting books and checks on individual balances by financial reporting area
• Examples of financial statements and notes to the financial statements, checklist for notes to the financial statements

Benefits

During the course, you will:

• understand what the company's financial statements are and how to prepare them
• become familiar with the sub-steps that need to be taken in the preparation of the financial statements and understand the entire process of the financial statements’ preparation, a necessary step for their subsequent analysis.