Accounting in business entities using financial reporting standards

• Law on Entrepreneurs - Basic Legal Basis of Entrepreneurial Activity;

• Concept of accounting, essence, current standards;

• Accounting elements, their classification and properties;

• Financial reporting structure and key reporting requirements;

• Accounting production technique, accrual method, binary reflection;

• Accounting for short-term assets, incl. Accounts receivable (proceeds from sales, VAT payable, „bad debts“, promissory note), inventories (trade, production, VAT included);

• Accounting for long-term assets, incl. Fixed assets (receipt, depreciation, operation, disposal, revaluation, VAT deduction feature, property tax) and intangible assets (concept and general features);

• Short-term liabilities, incl. Budget commitments;

• Value of money over time, small investment decisions;

• Accounting for loans and leases;

• Profit tax accounting;

• Vanity capital, financial results, use of profit;

• Foreign currency in accounting;

• The connection between the elements of financial reporting and the reporting of cash flows;

• Beginner accountants working in the private sector;

• Applicants for employment in the accounting field;

• Individuals with their own business;

• Specialists of different spectrum of the enterprise who need a complete perception of accounting information;