US GAAP AND IFRS FOR PRACTITIONERS, kurz

Popis kurzu

Introduction, US GAAP/IFRS versus ČNS, policies and procedures in general, cash and cash equivalents, loans and receivables, inventory and cost of sales, accruals. Day 2: PP&E (recognition and disclosure, initial measurement, subsequent measurement), intangible assets, goodwill, leasing, liabilities, equity, the income statement, discusion.

Cíle kurzu

In two days, this training introduces the basic requirements of US GAAP and IFRS, and discusses how to draft accounting policies and procedures consistent these standards. In addition, it compares the two standards, showing how one can be used to augment the other.

Converting a report drafted per Czech National Standards would be a violation of both US GAAP/IFRS (ASC 105-10-05-01 / IAS 8.7) and US/EU legislation (Sarbanes-Oxley SEC 108.b.1 / EC 1606/2002). Thus, rather than attempting to convert, bridge or map the unmapable, this training simply contrasts ČNS with IFRS/US GAAP and points out the major areas of disagreement.

Určeno pro

The training is aimed primarily at practitioners, public accountants, internal auditors and those general managers required to take responsibility for financial reporting per IFRS and/or US GAAP.

Although in English, it uses bilingual (Czech-English) training material. Consequently, it is also appropriate for Czech speakers wishing to improve their English communication skills.

Poznámka

Since the training is aimed at practitioners, it assumes a working knowledge of double entry, accrual accounting. Prior knowledge of US GAAP or IFRS, while welcome, is not a prerequisite.
As the training is interactive, the above syllabus is only approximate. Participants receive bilingual (Czech-English) training material.