Czech Accounting Profession Certification study guide
Czech Accounting Profession Certification · Work through your exam, one topic at a time.
The Czech Accountant Certification (Certifikace účetní profese) is a professional credential for accounting practitioners in the Czech Republic who want to demonstrate verified competence in Czech accounting, tax and payroll practice. It is typically pursued by bookkeepers, chief accountants, finance staff in shared-service centres, and independent accountants who already work with Czech GAAP (Czech Accounting Standards) and Czech tax law and want formal recognition of their skills. The Czech Accounting Profession Certification study guide has 8 sections and about 3,657 words.
01Financial Accounting and Bookkeeping under Czech Legislation
This domain checks whether you can apply the Czech Accounting Act (563/1991 Coll.), the implementing decree for entrepreneurs (500/2002 Coll.), and the Czech Accounting Standards to everyday bookkeeping. Expect questions on the chart of accounts, documentary evidence, double-entry mechanics, accruals, and the boundary between accounting and tax.
441 words, about 2 min02Financial Statements and Closing of Accounts
Year-end work: closing operations, preparation and approval of the statutory statements, publication, and the link to audit. Questions often ask which entry belongs to closing, how profit is closed, and which statements are mandatory.
425 words, about 2 min03Tax Accounting and Tax Records
The boundary between bookkeeping and the tax base: which expenses can reduce taxable profit, how tax depreciation is calculated, and how a sole trader's tax records differ from double-entry accounting. The Income Tax Act (586/1992 Coll.) defines deductible expenses as those incurred to generate, secure and maintain taxable income, subject to listed exceptions.
396 words, about 2 min04Value Added Tax and Indirect Taxes
VAT registration, place of supply, rates, deduction, reverse charge, and administrative filings (VAT return, control statement, EU sales list). Indirect taxes also cover excise duties and property taxes at a basic level.
414 words, about 2 min05Payroll, Personnel and Social and Health Insurance
Calculation of gross-to-net pay, employer contributions, income-tax advances, tax credits, and treatment of employment agreements. The exam tests the post-2021 system, after the super-gross wage was abolished.
374 words, about 2 min06Management Accounting
This domain tests internal reporting for decision-making: cost behaviour, contribution margin, break-even, relevant costs, responsibility centres, and performance measurement. In Czech practice management accounting (vnitropodnikové účetnictví) is not prescribed by the Accounting Act in the same detail as financial accounting; the exam tests concepts and their application through internal directives.
402 words, about 2 min07Costing and Budgeting
Costing methods and the budgeting cycle: how full product cost is built, how overhead is absorbed, and how budgets are prepared and controlled. Expect calculations of overhead rates, variances, and cash budgets.
395 words, about 2 min08Auditing, Internal Control and Professional Ethics
Statutory audit logic, the auditor's report, internal control, and ethical independence. The exam tests ISA concepts and the Czech Act on Auditors (93/2009 Coll.), not detailed audit programme mechanics.
810 words, about 4 min