IFRS in English

Kurzem Vás provede Robert Mládek

Poradce a lektor ve společnosti 1. VOX a.s.

Základní info

Cíle kurzu

Most companies in most countries do not apply IFRS because their securities trade on a regulated marker. Instead, they do so because they are a subsidiary of a company with an IFRS obligation. In addition to IFRS, most countries also require legal entities to apply national standards for statutory accounting and/or taxation purposes. The difficulty facing any such company is they need to combine two systems not easily combined.


For example, while IFRS does not define a chart of accounts, many national GAAPs do, requiring its use by law. Similarly, while IFRS requires companies to recognize the substance of transactions instead of their form, many national GAAPs are still driven by the letter of signed agreements. For example, while long-term operating leases have disappeared from IFRS, they’re still recognized by many national GAAPs.


Another issue that comes up, IFRS guidance can be challenging to interpret. For example, since income tax is derived from income, it would be logical to assume that deferred tax would by calculated by comparing taxable income with IFRS income. Nevertheless, this is not the approach taken by IAS 12. Instead, the standard evaluates the tax base of assets.


To help practitioners apply IFRS consistently, besides a discussion of the standards, this training shows, with the help of hundreds of specific examples, how to transform the guidance into actual, debit/credit accounting procedures and policies.

Určeno pro

The seminar is intended for those already familiar with IFRS who would like to expand their knowledge. As such, it focuses on the needs of those who have joined the finance department of a subsidiary of a European company. Generally, advancement in such a department not only requires good working detailed knowledge of IFRS, but also the ability to meaningfully discuss accounting issues with managers and auditors (internal and external).

Obsah kurzu

• introduction to IFRS,

• recognition, measurement, disclosure,

• fair value,

• cash and short-term investments (basics),

• receivables: contract assets, revenue recognition (amount), examples,

• Inventory: recognition, measurement, examples, revenue recognition (timing),

• accruals,

• PP&E: recognition, measurement, components, useful life and depreciation,

• intangible assets: recognition, measurement, goodwill,

• leasing,

• liabilities,

• equity,

• income statement, revenue recognition (services and POC),

• impairment,

• optional topics (segments, foreign currencies, financial instruments, etc.).

Poznámka

We use the ZOOM application, there is no need to install it.
In the case of confirmed payment, we send access to the online classroom one day before the event, usually between 12:30 and 15:30. We also send a presentation for the course.
Participants receive study material (approachably 200 pages).
You can connect from your computer or mobile phone.
During the online course you can get answers to your questions.
You will receive a link to the record by e-mail within 5 working days (inclusive) after the end of the course. This link is valid for 7 calendar days.

You can use our technical support (tel. 777 741 787) for the entire duration of the online course, we will help you with everything.

Audio or video recording is not allowed.

On-line broadcasting is carried out by 1. VOX a.s.

IFRS in English

Vybraný termín:

2.5.2023 –  3.5.2023  Online Upřesnující informace k termínu

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