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IFRS seminars

We will share our extensive experience with IFRS standards with you

Improve your IFRS knowledge
with us

We work with IFRS every day and we can offer you theoretical knowledge and experience from current practice.
Our trainings are highly interactive – you will be solving a number of case studies and practical exercises that will help you to understand the issue in detail. We will help you to gain knowledge and skills from IFRS seminars that you will then be able to use in practice.

 

IFRS seminars

Consolidation – basics according to IFRS and differences to CZ GAAP, accounting treatment of business transformations

Throughout this course you will get familiar with the basic rules of consolidation of an existing group and accounting for acquisitions and disposals of companies according to both CZ GAAP and IFRS.

After completing the course you will:
  • Gain knowledge of IFRS 10, IAS 28, IFRS 3 and IFRS 5,

  • Have practical experience with basic consolidation adjustments, such as elimination of intercompany transactions and balances foused on inventories and fixed assets purchased within a group, goodwill and deferred tax arising during acquisitions,

  • Understand the problematic aspects of accounting for business transformations according to CZ GAAP and IFRS: IFRS 10, IAS 28, IFRS 3 a IFRS 5.

Price: 6,900 CZK (excl. VAT)

Are you interested? Contact us

Consolidation – more complex groups, transactions under common control and consolidated cash flow

Throughout this course you will get familiar with the impacts of transactions under common control.

After completing the course you will:
  • Gain knowledge about exercising control in cases when the control is not defined based on ownership share,

  • Get information about the specifics of internal transactions or transactions with owners which are not made under market conditions,

  • Have an overview on the impact of interest cost capitalisation on the group.

Price: 6,900 CZK (excl. VAT)

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Cash flow – how to draw up a cash-flow statement using the indirect method

Throughout this course you will learn how to prepare a cash-flow statement using the indirect method.

After completing the course you will:
  • Get best practice examples,

  • Gain a practical overview of the most common modifications (taxes, assets, offsets, capitalization, etc.),

  • Have information about the basic differences in the structure of cash flow according to CZ GAAP and IFRS and possible pitfalls during the preparation of consolidated cash flow.

Price: 3,900 CZK (excl. VAT)

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IFRS update

Throughout this course you will gain the knowledge of all the latest developments and trends in IFRS globally.

After completing the course you will:
  • Get information about the currently introduced changes to accounting standards,

  • Gain an overview of a number of clarifications, exemptions or practical simplifications which result mainly from the need to address new economic issues or legal regulations for accounting purposes (e.g. treatment of rent reliefs in lease contracts caused by COVID-19 environment or the IASB 2-phased approach for IBOR – interest rate benchmark reform),

  • Get insight into the key topics covered in the training:

    • Covid-19 implications on financial reporting
    • What’s new in IFRS standards? (IAS 37, IAS 1, IAS 16, SaaS, etc.)
    • IBOR Reform
    • IASB Workplan
    • Cryptocurrency

Price: 6,900 CZK (excl. VAT)  

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IFRS 15 – Revenue from Contracts with Customers

Revenue reporting is one of the most widely-monitored "disciplines" of financial analysts. During the course you will be able to learn about the practical experience with the implementation of IFRS 15.

After completing the course you will:
  • Get to know how to deal with payments to customers, customers' material rights acquired under the contract, principal agent assessment, the customer's rights or obligations to return the purchased goods and  consignment arrangements, 

  • Get familiar with the new disclosure requirements that were not previously required and will be mandatory from 2018 onward. You will also find out what additional disclosures should be made on the transition to IFRS 15 in the 2018 financial statements.

Price: 6,900 CZK (excl. VAT)

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IFRS 16 Accounting for leasing in practice

You will gain knowledge of the new fundamental change in accounting for operating leases, which will be newly recognised for lessees in the statement of the financial position.

After completing the course you will:
  • Have practical experience with calculation and accounting for new assets and liabilities related to operating leases,

  • Get information about the contracts’ specific provisions (option on extension, indexation, variable lease, residual price guarantee, etc.) and the changes and their impact on the amount of assets and liabilities, 

  • Know about the practical impact of the new standard on key financial indicators, financial risks and internal systems and processes,

  • Be prepared for the transition day.

Price: 6,900 CZK (excl. VAT)

Are you interested? Contact us 

Deferred tax according to CZ GAAP and IFRS

This seminar deals with the accounting for deferred tax under IFRS and Czech accounting regulation. 

After completing the course you will:
  • Get familiar with the key principles and methods for calculating deferred tax under both IFRS and Czech accounting regulation,

  • Gain an overview of the correct alignment of the effective tax rate for disclosure in the notes to the IFRS financial statements will be discussed,

  • Get information about  selected cases that are complicated from the accounting and tax point of view.

Price: 3,900 CZK (excl. VAT)

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Basics of IFRS accounting and differences to CZ GAAP

The aim of this course is to introduce International Financial Reporting Standards (IFRS) as a globally used accounting system and to highlight the main differences in IFRS compared to the accounting regulations of the Czech Republic for business entities.

After completing the course you will:
  • Get familiar with IFRS as a globally used accounting system and to highlight the main differences in IFRS compared to the accounting regulations of the Czech Republic for business entities,

  • Get insight into the Conceptual Framework as the cornerstone of IFRS and gain an overview of IFRS standards relevant for presentation and publishing of financial statements,

  • Be introduced to IFRS standards that are usually most relevant for business entities including standards relevant for non-current assets, leases, capitalization of borrowing costs, financial assets and inventories, as well as those dealing with liabilities including provisions, financial liabilities and income taxes, 

  • Get information about the IFRS dealing with the reporting of revenues from the main operating activities,

  • Get an overview of differences, for each of the IFRSs discussed, compared to how the relevant area is being dealt with (or not) by the Czech accounting regulations.

Price: 6,900 CZK (excl. VAT)

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Treasury basics

Focus will be on the following issues: Role and structure of treasury; Cash management; Liquidity management; Payment and banking services; Bank relationships; Money Market Deposits / Borrowings; Financial Markets Derivatives – Forwards (FX, IR); Swaps; Options; Treasury security; Control and audit.

After completing the course you will:
  • Understand the background of treasury roles in respect of cash, liquidity and banking activities,

  • Appreciate key risk areas and how they are addressed,

  • Know about the importance of treasury role in its context,

  • Be aware of treasury-related activities outside the BSC and their interaction with BSC processes.

Price: 5,500 CZK (excl. VAT)

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Financial accounting basics under US GAAP

Special emphasis is put on US GAAP regulations of the following areas:

After completing the course you will:
  • US GAAP framework principles,

  • Disclosure of financial statements,

  • Treatment of subsequent events,

  • Revenue accounting,

  • Inventories,

  • Financial instruments, cash and cash equivalents, tangible assets, intangible assets, assets for sale, accounting related to leases, impairment loss,

  • Contingent liabilities and provisions, deferred tax, functional currency, cash-flow statement.

Price: 9,900 CZK (excl. VAT)

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Financial accounting basics under IFRS

During this course, you will learn the basics of financial accounting under IFRS and understand the IFRS framework and its principles.

After completing the course you will: 
  • Know the IFRS Framework - financial statements, accounting policies, estimates and errors, subsequent events, tangible assets, intangible assets, investment property, borrowing cost, impairment,

  • Become familiar with the areas of inventories, provisions, revenue recognition, deferred tax, construction contracts, employee benefits, share based payments,

  • Know how to use the standards, business combinations, consolidation, accounting of associates and joint-ventures,

  • Understand the calculation of deferred tax, basis of financial instruments, impact of changes in exchange rates, financial, operative and embedded leases; interim report, future of IFRS.

Price: 9,900 CZK (excl. VAT)

Are you interested? Contact us 

We are ready to prepare for you a tailor-made seminars in further areas of IFRS.

 

Contacts

Kamila Menšíková

Kamila Menšíková

Training Coordinator, PwC Academy, PwC Czech Republic

Tel: +420 735 701 535

Michal Vychodil

Michal Vychodil

Head of PwC Academy, PwC Czech Republic

Tel: +420 602 589 530

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