Czech Accounting Profession Certification study plan

Reconstruct the Czech double-entry framework from the Accounting Act and the chart of accounts: classify accounts into asset, liability, equity, expense and revenue groups and state the debit/credit rule for each group.

Post ten practice transactions (purchases, sales, cash, bank, accruals) to accounts and justify each entry against the applicable regulation rather than against habit.

Distinguish accounting units obliged to keep full double-entry books from those keeping tax records or simplified records, and list the documentation each must retain.

Set up a personal error log template that records every mistake, the rule it violated and the corrective entry.

Close a model accounting period: post opening balances, record accruals and deferrals, and reconcile the trial balance to zero.

Compute and post inventory adjustments and fixed-asset depreciation using both accounting and tax-relevant lives, and explain where the two diverge.

Draft a complete set of financial statements (balance sheet, profit and loss, notes skeleton) from the closed trial balance.

Explain the structure and purpose of the closing accounts and the sequence from trial balance to statements.

Apply Czech-specific measurement rules to receivables, payables, provisions and foreign-currency balances, including year-end exchange-rate revaluation.

Identify which items require disclosure in the notes and draft note text for three of them.

Explain the legal deadlines and approval process for financial statements and their filing in the collection of documents.

Diagnose five deliberately corrupted trial balances and locate the error in each.

Map each profit-and-loss line to its tax treatment: which expenses are non-deductible, which are deductible only when paid, and which are limited by statute.

Compute the corporate income tax base from an accounting result, applying at least eight adjustments with a stated legal reason for each.

Explain the difference between accounting depreciation and tax depreciation and compute both for the same asset.

Distinguish the obligations of a taxpayer keeping tax records from those of a taxpayer keeping full books.

Determine VAT liability for a set of transactions: domestic supply, intra-community acquisition, export, and reverse-charge services.

Decide on VAT registration status and explain the consequences of crossing the turnover threshold.

Prepare a simplified VAT return and a control statement from a month of invoices, checking the arithmetic.

Identify which transactions belong in the control statement versus the VAT return and state the reporting deadlines.

Compute gross-to-net and net-to-gross payroll for three employees with different situations (standard, with a tax declaration, with an exempt benefit).

Calculate employer and employee social security and health insurance contributions and explain the base and the caps.

Process a sick-leave or parental-leave month and adjust the contribution base accordingly.

Explain the reporting obligations to the social security and health insurance authorities and the tax office, with deadlines.

Build a cost-allocation model: classify costs by type and purpose, allocate overhead to two products, and compute contribution margin per unit.

Prepare a rolling 12-month cash budget and identify the month with the largest funding gap.

Design an internal control: segregation of duties for payments, an approval matrix, and a reconciliation routine, and state the risk each control addresses.

Apply the professional ethics framework to two dilemmas (a client pressuring a favourable treatment, and a discovered material error) and write the recommended course of action.

Summarise the legal duties of an accountant: bookkeeping obligations, retention periods, archival and reporting deadlines, and the consequences of breach.

Revisit the weakest two domains using the error log and re-solve the ten most-missed practice questions without notes.

Complete a timed full-length mock under exam conditions and score each domain separately.

Build a final one-page revision sheet of formulas, deadlines and thresholds, and verify every number against a primary source.