Framework syllabus of lectures:
1. International regulation and harmonization of accounting, the role of International Financial Reporting Standards (IFRS).
2. The process of new standards development, the impact of the standardization process on transparency and disclosure of accounting information.
3. The relationship of IFRS, US GAAP, EU Balance Directives to Czech accounting legislation.
4. The conceptual framework of financial reporting according to IFRS.
5. The IFRS concept of Financial Statements, basic items of Financial Statements, basics items of Financial Statements. Valuation models, issue of conversion of annual accounts.
6. Convergence of IFRS and US GAAP system for creation of a single financial reporting system.
7. Implementation of IFRS into the accounting and tax legislation in the Czech Republic.
8. Summary of selected differences between IFRS and Czech accounting legislation including illustrative examples and links to IFRIC interpretation.
1. International regulation and harmonization of accounting, the role of International Financial Reporting Standards (IFRS).
2. The process of new standards development, the impact of the standardization process on transparency and disclosure of accounting information.
3. The relationship of IFRS, US GAAP, EU Balance Directives to Czech accounting legislation.
4. The conceptual framework of financial reporting according to IFRS.
5. The IFRS concept of Financial Statements, basic items of Financial Statements, basics items of Financial Statements. Valuation models, issue of conversion of annual accounts.
6. Convergence of IFRS and US GAAP system for creation of a single financial reporting system.
7. Implementation of IFRS into the accounting and tax legislation in the Czech Republic.
8. Summary of selected differences between IFRS and Czech accounting legislation including illustrative examples and links to IFRIC interpretation.