100+ Free Czech Accounting Profession Certification Practice Questions

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2026 Statistics

Key Facts: Czech Accounting Profession Certification Exam

10 Papers

Six Level 1 and four Level 2 subject examinations

ICSÚ qualification and syllabus pages

50 / 100

Pass mark for each written examination

ICSÚ examination rules

3 Hours

Time limit for every subject paper

ICSÚ examination rules

CZK 2,750

Fee for each Level 1 examination

ICSÚ fee page

CZK 3,250

Fee for each Level 2 examination

ICSÚ fee page

6 / 4 Years

Standard unfinished-level validity for Level 1 / Level 2

ICSÚ examination rules

ICSÚ's current Czech accounting certification has six Level 1 papers and four Level 2 papers, each written in Czech over three hours with a 50/100 pass mark. This is an English-language MCQ study adaptation of the published syllabi, not an official translation or exam simulation.

Sample Czech Accounting Profession Certification Practice Questions

Try these sample questions to test your Czech Accounting Profession Certification exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under § 7 of Czech Act No. 563/1991 Sb. on Accounting, what is the fundamental requirement that all accounting entities must satisfy when preparing financial statements?

A.Financial statements must present a true and fair view (věrný a poctivý obraz) of the entity's accounting and financial situation

B.Financial statements must ensure that taxable corporate income is minimized in accordance with statutory tax brackets

C.Financial statements must be compiled exclusively on a cash-settlement basis regardless of contractual commitments

D.Financial statements must adopt the specific accounting policies of the parent company without statutory adjustment

Explanation: Section 7 of Act No. 563/1991 Sb. mandates that accounting entities keep accounting records in such a way that financial statements present a true and fair view of the financial position, assets, liabilities, and operating results of the entity. This fundamental principle overrides individual valuation or presentation rules if applying them would distort the true and fair view.

2Under Czech Accounting Standard ČÚS 017 and Act No. 563/1991 Sb., how must accounting entities recognize operating expenses and revenues in terms of timing?

A.In the accounting period to which they relate in terms of time and substance (časová a věcná souvislost), irrespective of cash flows

B.Only in the accounting period during which cash settlement has been completed through a bank account or cash desk

C.At the discretion of the statutory body in whichever period reports the highest commercial profit

D.In the tax period during which the final tax assessment certificate is issued by the financial administration

Explanation: Czech accounting law strictly enforces the accrual principle (akruální princip). Entities must account for costs and revenues in the period to which they substantively and temporally relate (časová a věcná souvislost), using accruals, deferrals, and provisions where necessary, independent of payment dates.

3Which statement best distinguishes an operational information system from a management information system in an accounting environment?

A.An operational system records routine transactions, while a management system summarizes and analyses information for planning and decisions

B.An operational system is used only by executives, while a management system is used only by data-entry staff

C.An operational system stores only forecasts, while a management system creates every source accounting document

D.The distinction depends on whether the software runs on local servers or in the cloud

Explanation: Operational systems support repeatable day-to-day processes such as sales, purchasing, payroll, and ledger postings. Management information systems transform operational data into reports, trends, forecasts, and exception information for control and decision-making.

4An enterprise acquires production equipment for CZK 1,200,000 on 1 January. The equipment has an expected useful life of 15 years, but includes an identifiable major component (press roller) with a cost of CZK 300,000 that must be replaced every 5 years. Under Czech component depreciation rules (komponentní odpisování), what is the total annual accounting depreciation charge for Year 1?

A.CZK 120,000

B.CZK 80,000

C.CZK 60,000

D.CZK 140,000

Explanation: Under component depreciation, the cost is split: Component 1 (press roller) = CZK 300,000 over 5 years = CZK 60,000/year. Remaining asset body = CZK 900,000 (CZK 1,200,000 - 300,000) over 15 years = CZK 60,000/year. Total Year 1 depreciation is CZK 60,000 + CZK 60,000 = CZK 120,000.

5After an organisation approves the business requirements for a new accounting information system, which sequence best reflects a controlled system-development lifecycle?

A.Design the solution, build or configure it, test it against requirements, obtain approval, deploy it, and then maintain it

B.Deploy the solution, document requirements from user complaints, test it, and then seek approval

C.Build the solution, remove the legacy system, define controls, and then ask users to specify requirements

D.Purchase hardware, begin live processing, design reports, and test only after the first financial close

Explanation: A controlled lifecycle moves from approved requirements through design, build or configuration, testing, approval, deployment, and maintenance. Testing and business approval before live use reduce the risk that accounting rules, interfaces, or controls are incomplete.

6Which pairing correctly distinguishes general IT controls from application controls in an accounting system?

A.General controls: user-access and program-change controls; application controls: input validation and batch-total reconciliation

B.General controls: invoice sequence checks; application controls: data-centre physical access and backup recovery

C.General controls: three-way purchase matching; application controls: password policy and administrator monitoring

D.General controls: customer credit-limit checks; application controls: software-release approval and source-code access

Explanation: General IT controls support the reliability of many applications and include logical access, change management, operations, and recovery. Application controls act within a particular process, for example validating invoice fields or reconciling record and value totals for an interface batch.

7A Czech trading company records inventory movements during March as follows: - Opening inventory: 100 units at CZK 50/unit - Purchase 1: 200 units at CZK 65/unit - Purchase 2: 100 units at CZK 70/unit During March, 250 units are sold. Using the periodic weighted arithmetic average method (vážený aritmetický průměr), what is the cost of goods sold (spotřeba zásob) and the value of ending inventory?

A.Cost of goods sold: CZK 15,625; Ending inventory: CZK 9,375

B.Cost of goods sold: CZK 14,750; Ending inventory: CZK 10,250

C.Cost of goods sold: CZK 16,500; Ending inventory: CZK 8,500

D.Cost of goods sold: CZK 15,000; Ending inventory: CZK 10,000

Explanation: Total goods available: (100 * 50) + (200 * 65) + (100 * 70) = CZK 5,000 + CZK 13,000 + CZK 7,000 = CZK 25,000 for 400 units. Weighted average cost per unit = CZK 25,000 / 400 = CZK 62.50. Cost of goods sold (250 units) = 250 * 62.50 = CZK 15,625. Ending inventory (150 units) = 150 * 62.50 = CZK 9,375.

8Under Czech Accounting Standard ČÚS 015, how are inventory purchases recorded when an entity uses periodic inventory method B (způsob B)?

A.Purchases during the year are debited directly to expense accounts (e.g. 501 or 504) and adjusted to asset account 112/132 at year-end based on physical stocktake

B.Purchases are debited to balance sheet inventory accounts (111/131) and transferred to expense on every individual delivery note

C.Purchases are held off-balance sheet until final payment is approved by external statutory auditors

D.Purchases are debited directly to retained earnings and capitalized in equity reserves

Explanation: Under method B (způsob B), inventory purchases are charged directly into operating expenses (Group 50) during the financial year. At the balance sheet date, the opening inventory balance is transferred to expenses, and the actual ending inventory determined by physical inventory count (fyzická inventura) is capitalized back onto balance sheet accounts 112/132.

9A payables clerk can create suppliers, change their bank details, enter invoices, and release payments. Which redesign most directly reduces the risk of a fictitious-supplier payment while preserving an auditable workflow?

A.Separate supplier-master approval from invoice entry and payment release, require independent verification of bank changes, and retain change and approval logs

B.Keep all duties with the clerk but review the total value of payments once each year

C.Allow the clerk to create suppliers and release payments but require suppliers to email bank changes directly to the clerk

D.Remove the change log so that supplier details cannot be viewed by unauthorised staff

Explanation: The original access profile combines supplier creation, transaction recording, and payment custody, allowing one person to create and conceal a fraudulent payment. Independent approval and verification of supplier changes, separate payment release, and retained audit logs create preventive and detective controls.

10Which control most directly supports the completeness and accuracy of electronic supplier invoices imported automatically into an accounting system?

A.Validate required fields and supplier identifiers, reconcile imported record and value totals, and route exceptions for review

B.Post every imported invoice immediately and investigate discrepancies only after payment

C.Convert every invoice to an image so that structured data cannot be compared with purchase records

D.Permit users to overwrite imported values without recording the original data or the change

Explanation: Field validation detects missing or invalid data, while control totals show whether records or values were lost or duplicated during transfer. Sending exceptions to an authorised reviewer prevents failed validations from silently entering the ledger.

About the Czech Accounting Profession Certification Exam

The Program certifikace účetní profese v ČR is a current two-level professional qualification administered by Institut certifikace Svazu účetních. It awards Certifikovaný účetní after Level 1 and Účetní expert after Level 2, subject to the prescribed examinations, verified practice, and acceptance of the Code of Ethics. Official examinations are three-hour in-person written papers completed in Czech and include selected-response items together with essays, calculations, structured problems, and case studies. This bank is an English-language four-option MCQ study adaptation; it is not an official translation, does not reproduce the official paper format, and does not replace written case-study or practical application work.

Assessment

Level 1 (Certifikovaný účetní) has six papers: Czech Financial Accounting, Law in Business, Information and Communication Technology, Management of Small and Medium Enterprises, the Czech Tax System, and Performance Management. Level 2 (Účetní expert) has four papers: IFRS, Financial Management, Strategic Management and Management Accounting, and Auditing and Internal Control. Each paper is a three-hour, anonymous, in-person written examination. The official tasks include essays, free responses, calculations, practical written examples, and case studies; there is no oral examination, although professional practice is verified separately by interview.

Time Limit

3 hours per written subject examination

Passing Score

At least 50 points out of 100 on each subject examination

Exam Fee

CZK 2,750 per Level 1 examination and CZK 3,250 per Level 2 examination, plus a CZK 2,950 annual study fee (Institut certifikace Svazu účetních (ICSÚ))

Czech Accounting Profession Certification Exam Content Outline

Separate paper

Finanční účetnictví v České republice

Czech accounting principles, transaction processing, assets, liabilities, closing entries, statutory statements, cash flow, and introductory IFRS comparisons.

Separate paper

Právo v podnikání

Commercial and civil law form 50% of the official paper, labour law 20%, and the syllabus's remaining public-law, EU-law, and securities topics 30%.

Separate paper

Informační a komunikační technologie

Information systems, data processing and security, cyber risk, e-commerce, e-government, management systems, project tools, and artificial intelligence.

Separate paper

Řízení malých a středních podniků

Business forms and lifecycles, human resources, finance, investment, service marketing, ethics, communication, and organisational design.

Separate paper

Daňový systém České republiky

Direct and indirect taxes, tax returns and administration, social and health insurance, and international-tax foundations, applied under current legislation.

Separate paper

Řízení výkonnosti

The official paper allocates 20% to working-capital management, 30% to financial analysis, and 50% to cost and management accounting.

Separate paper

IFRS

IFRS concepts and standards, financial statements and cash flows, asset and liability measurement, revenue and leases, business combinations, and consolidation.

Separate paper

Finanční management

Investment and financing decisions, financial planning, valuation, cost and structure of capital, acquisitions, and financial-risk management.

Separate paper

Strategický management a manažerské účetnictví

The official paper is split equally between strategic management and management accounting, using essays, cases, and practical examples as well as selected-response items.

Separate paper

Auditing a vnitřní kontrola

The official paper allocates 80% to external audit and 20% to internal audit, with selected-response questions, free responses, and case studies.

How to Pass the Czech Accounting Profession Certification Exam

What You Need to Know

Passing score: At least 50 points out of 100 on each subject examination
Assessment: Level 1 (Certifikovaný účetní) has six papers: Czech Financial Accounting, Law in Business, Information and Communication Technology, Management of Small and Medium Enterprises, the Czech Tax System, and Performance Management. Level 2 (Účetní expert) has four papers: IFRS, Financial Management, Strategic Management and Management Accounting, and Auditing and Internal Control. Each paper is a three-hour, anonymous, in-person written examination. The official tasks include essays, free responses, calculations, practical written examples, and case studies; there is no oral examination, although professional practice is verified separately by interview.
Time limit: 3 hours per written subject examination
Exam fee: CZK 2,750 per Level 1 examination and CZK 3,250 per Level 2 examination, plus a CZK 2,950 annual study fee

Keys to Passing

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

Czech Accounting Profession Certification Study Tips from Top Performers

1Study from the current ICSÚ syllabus for each separate paper; there is no single combined official blueprint for the full ten-paper qualification.

2For Czech accounting, tax, and law papers, use legislation effective for the sitting; ICSÚ states that its December 2026 papers use legislation effective on 1 January 2026.

3Practice written calculations and case analysis as well as MCQs because most official papers award the majority of their points to practical examples, free responses, essays, or cases.

4For Strategic Management and Management Accounting, divide preparation evenly between the two official halves; for Auditing and Internal Control, emphasize the official 80% external-audit share.

Frequently Asked Questions

What is the Program certifikace účetní profese v ČR?

It is a two-level professional accounting qualification administered by Institut certifikace Svazu účetních. Level 1 awards Certifikovaný účetní and Level 2 awards Účetní expert after the applicable examinations and practice requirements are completed.

How are the official ICSÚ examinations delivered and scored?

All ten subject examinations are anonymous, in-person written papers lasting three hours. Each is scored out of 100, and at least 50 points are required to pass. Their exact task mixes differ by subject and include selected-response items, essays, calculations, free responses, and cases.

What are the current examination and study fees?

ICSÚ publishes a fee of CZK 2,750 for each Level 1 examination and CZK 3,250 for each Level 2 examination. The annual study fee is CZK 2,950, and separate fees apply to recognition applications.

How long do unfinished qualification levels remain valid?

A passed or recognized examination in an unfinished Level 1 remains valid for six years, while the corresponding Level 2 period is four years. ICSÚ states a ten-year period for candidates transferring into the 2022+ program.

What practice is required for certification?

For Level 1, candidates may document at least four years of prior practice or complete supervised practice lasting at least two years with a workplace trainer or three years with an external consultant. Level 2 requires supervised practice of at least one year with a trainer or 1.5 years with a consultant. Practice competencies are verified by interview.

In what language are the official examinations completed?

ICSÚ's December 2026 examination instructions require candidates to complete the papers in Czech. This English-language four-option MCQ bank is a study adaptation, not an official translation or a simulation of the written Czech papers.