IFRS seminars in Prague

Full day seminar:  CZK 8 900 + VAT
Half day seminar:  CZK 4 900 + VAT

IFRS – Specific Issues in IT Industry

19 September 2011, 9 a.m. – 12.30 p.m. (Prague)

The IT company faces several specific issues during the application of IFRS. The seminar will focus, for example, on: SW development costs, revenue recognition for long-term projects or for projects over the year end, leasing or customer bonuses.

IFRS – Specific Issues in the Telco Industry

26 September 2011, 9 a.m. – 12.30 p.m. (Prague)

The Telco company faces several specific issues during the application of IFRS. The seminar will focus, for example, on: revenue recognition (rendering services, multiple element agreements, loyalty points), IRU leases, network maintenance and asset retirement obligation, licences or customer connection fees.

IFRS Framework and Foundations

10 October 2011, 9 a.m. – 16.30 p.m. (Prague)

This seminar is aimed at those who are new to IFRS and require an overview of the key standards. The training walks you through all major areas covered by IFRS standards. Each part of the training starts with explanations of the main principles and describes the recognition and measurement rules. Every section is accompanied with a comparison of the accounting treatment in IFRS and in the relevant Czech GAAP.

CZ GAAP versus IFRS

12 October 2011, 9 a.m. – 16.30 p.m. (Prague)

Come and learn the most important information about the differences between IFRS and Czech accounting and make your daily practice easier. From Content: Conceptual framework and financial statements - general requirements, revenue recognition, intangible assets, tangible assets, indicators of financial leasing, provision, events after the balance sheet date, capitalisation of borrowing costs, IAS 8, and more.

Accounting Treatment of Leases (IAS 17)

17 October 2011, 9 a.m. – 16.30 p.m. (Prague)

Accounting for leasing is one of the basic differences between CZ GAAP and IFRS. The seminar will provide an overview of IFRS rules together with respective accounting treatments for both the lessor and lessee. During the morning session, the basic principles and differences between CZ GAAP and IFRS will be discussed. The main theme of the afternoon will be the new IFRS standard and complex examples according to the present one.

Hedge Accounting

18 October 2011, 9 a.m. – 16.30 p.m. (Prague)

A practical approach to applying hedge accounting in accordance with IAS 39. It will cover the fundamentals of hedge accounting (e.g. documentation requirements, hedge effectiveness testing, etc.) and examples of applying the fundamentals in practice (e.g. cash-flow hedging for forecast purchases or sales in a foreign currency).

Understanding Financial Instruments

21 October 2011, 9 a.m. – 16.30 p.m. (Prague)

This seminar is aimed at providing a solid understanding of accounting for financial instruments in accordance with IFRS. IAS 32 Financial Instruments: Presentation IAS 39 Financial Instruments: Recognition and Measurement.

FX Risk Management in Relation to IFRS

11 November 2011, 9 a.m. – 16.30 p.m. (Prague)

Summary of common issues that companies are facing in connection with FX risk management. Above all it provides linkage between practical solutions and IFRS requirements such as how to hedge a net FX position, use of options, hedge within a group, etc. Practical examples are preceded by a general introduction into hedge accounting aspects of IAS 39.

Principles of Consolidated Financial Statements

16 November 2011, 9 a.m. – 16.30 p.m. (Prague)

The training is focused on an explanation of the basic principles of consolidating financial statements and the main issues associated with them. The seminar contains both the theoretical background and also numerous practical examples related to the preparation of consolidated statements of financial position, income statements and cash-flow statements. Consolidation is explained under the rules of IFRS 3 (rules for fair value valuation of net assets, calculation of goodwill or gain from bargain purchases during acquisitions, etc.) and IAS 27.

Accounting treatment of Impairment of Assets (IAS 36) and of Provisions (IAS 37)

28 November 2011, 9 a.m. – 16.30 p.m. (Prague)

This special seminar is aimed at everyone who is currently dealing with IAS 36 and IAS 37 and needs to know and understand differences between accounting treatment in CZ GAAP and IFRS. The seminar contains both the theoretical background and summary of the most common issues, the companies are dealing with. The emphasis is given to numerous practical examples and how to use them in practice.

IFRS 7 - Disclosure Requirements

5 December 2011, 9 a.m. – 12.30 p.m. (Prague)

The seminar provides a summary of requirements that companies have to comply with in connection with disclosures of financial instruments according to IFRS 7. The seminar contains both the theoretical background and the summary of the most common issues, the companies are dealing with. The emphasis is given to numerous practical examples and how to use them in practice.

IFRS Update & News

7 December 2011, 9 a.m. – 16.30 p.m. (Prague)

Overview of the latest changes and updates of IFRS legislation in 2011. This seminar is for those who are already familiar with IFRS and for beginners in the Standards. We will inform you of recent new standards and their impact on financial reporting plus what new standards are expected in the near future.

Deferred Tax in Accordance with IAS 12 Income Taxes

9 December 2011, 9 a.m. – 16.30 p.m. (Prague)

Rules of IAS 12 relating to deferred tax in separate financial statements. Determination of the tax base of assets and liabilities, identification of temporary differences, calculation of the deferred tax balance and accounting for the movement in deferred tax balance between two reporting dates. Practical preparation of effective and applicable tax rate reconciliation for disclosure in the notes to financial statements.

IFRS seminars in Brno

Full day seminar:  CZK 6 500 + VAT

Understanding Financial Instruments

24 October 2011, 9 a.m. – 16.30 p.m. (Brno)

This seminar is aimed at providing a solid understanding of accounting for financial instruments in accordance with IFRS. IAS 32 Financial Instruments: Presentation IAS 39 Financial Instruments: Recognition and Measurement.

FX Risk Management in Relation to IFRS

25 October 2011, 9 a.m. – 16.30 p.m. (Brno)

Summary of common issues that companies are facing in connection with FX risk management. Above all it provides linkage between practical solutions and IFRS requirements such as how to hedge a net FX position, use of options, hedge within a group, etc. Practical examples are preceded by a general introduction into hedge accounting aspects of IAS 39.

Accounting treatment of Impairment of Assets (IAS 36) and of Provisions (IAS 37)

7 November 2011, 9 a.m. – 16.30 p.m. (Brno)

This special seminar is aimed at everyone who is currently dealing with IAS 36 and IAS 37 and needs to know and understand differences between accounting treatment in CZ GAAP and IFRS. The seminar contains both the theoretical background and summary of the most common issues, the companies are dealing with. The emphasis is given to numerous practical examples and how to use them in practice.

Leases and Deferred Tax

5 December 2011, 9 a.m. – 16.30 p.m. (Brno)

In the morning, you will gain complex knowledge about accounting methods for leases according to IFRS. The afternoon will be dedicated to deferred tax; for example, determination of the tax base of assets and liabilities, identification of temporary differences, calculation of deferred tax balances, accounting for the movement in a deferred tax balance between two reporting dates and practical preparation of effective and applicable tax rate reconciliation for disclosure in the notes to financial statements.

Principles of Consolidated Financial Statements

6 December 2011, 9 a.m. – 16.30 p.m. (Brno)

The training is focused on an explanation of the basic principles of consolidating financial statements and the main issues associated with them. The seminar contains both the theoretical background and also numerous practical examples related to the preparation of consolidated statements of financial position, income statements and cash-flow statements. Consolidation is explained under the rules of IFRS 3 (rules for fair value valuation of net assets, calculation of goodwill or gain from bargain purchases during acquisitions, etc.) and IAS 27.