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1. General Introduction

1.1 These Terms of Service (“Terms”) govern your use of our web site (the “Site”). Please read through the Terms. If you do not agree with the Terms, do not use this Site. If you do use the Site, your conduct indicates that you agree to be bound by the Terms.

Copyright notices

1.2 Unless otherwise specified, the copyright in the contents of all the pages in this Site are owned or licensed to Simlogic.

Copyright for The International Financial Reporting Standards is owned by the IFRS Foundation (see website for more information).

Conditions of your use of this Site

1.3 You may not distribute, display or copy any of the contents of the pages contained in this Site to third parties including, but not limited to “caching” any material on this Site for access by third parties and “mirroring” any material on this Site.

1.4 You may print or download to disk the contents of an individual page of this Site for the purpose of private and personal non-commercial use (exception: point 1.5). You may also permit your computer to make an electronically stored, transient copy of the content in this Site for the purpose of viewing it while connected to the Internet only. However, you may only make one copy of any content.

1.5 You may not download the videos included in the paid courses of this site. You may not make any copies of these videos.

2. Definitions

In these Terms, the following shall apply (in alphabetical order):

“Account” means the facility extended under these Terms allowing you to order and receive Service.

“Fees” means the charges for the Service as set out and amended from time to time on the Site.

“In house-course” means on-demand lectures provided by our lecturers in your facilities subject to prior separate mutual agreement.

“Online course” means audiovisual training material available to you on the Site through your Account after paying appropriate Fees.

“Registration Form” means the Service registration form displayed and completed on-line.

“Service” means online training service provided by Simlogic at the Site including Online Courses and Training material.

“Site” or “ “ means web site operated by Simlogic with URL

“Training Material” means the supporting material for Online Courses in pdf format.

“We”, “us” or “Simlogic” means limited liability company Simlogic, s.r.o. (company identification number ICO 44 962 134) whose registered office is in Bratislava, Slovak Republic.

“You” means the individual (or in the case of corporate customers the individual whose details have been supplied as part of a corporate package) who has purchased the Service or subscribed to our free IFRS course.

3. Registration

3.1 You are required to complete the Registration Form after making a purchase in order to register for the Service and set up your Account. You confirm that all the details supplied by you at registration are accurate and complete. You agree to promptly notify us of any changes in your details in writing at the e-mail address . We may refuse any application to register at our sole discretion.

3.2 The details you provide to us will be stored on computer and used to provide the Service to you. Your details will not be supplied to any other third parties except where required by law or as necessary to provide the Service.


3.3 We may use your details from time to time to send you newsletter with information about the Service and other products and services that we provide.

User name and password

3.4 In Registration Form, you are required to provide your valid e-mail address and create secure password for accessing your Account. After you fill in the Registration Form, you will receive validation e-mail from us to your e-mail address. You are required to complete your registration by visiting the link contained in validation e-mail. Only after you validate your registration, your Account becomes active and you may use the Site and the Service.

3.5 You are responsible for the security and proper use of your password and your Account, including all charges incurred through them. You must inform us immediately if you have any reason to believe that your password has become known to someone not authorized to use it. If we reasonably believe that there is likely to be a breach of security or misuse of the Service or your Account we may change your password immediately and will notify you accordingly.

3.6 If you have lost your password to sign in to your Account, you shall notify us in written in e-mail address We will create new password for you and send it to your e-mail address.

4. Purchase of the Service

Before purchase

4.1 Please note that your Internet connection speed should be at least 2Mb per second, while the recommended speed is 3 Mb per second. It is your responsibility to ensure sufficient Internet connection in your computer before purchasing the Service.

4.2 In the case that you purchase a Service without ensuring that your computer is compatible and Internet connection is sufficient, you acknowledge and accept that we cannot be held responsible and liable for any technical problems you encounter following the purchase of a Service.

Online Courses

4.3 Upon payment of the appropriate Fee for an Online Course, you (the paying individual) will have review access to that Online Course purchased for the access period of 1 year.  We will provide the access directly to your Account.

4.4 For details of current Online Courses available for purchase, please refer to the course listing . The receipt of an Online Course is personal to you and you may not transfer your rights to access the Online Course or provide an Online Course to another person unless we have agreed in writing. The Fee permits you alone to use the Online Course on a computer that is under your control. You may not in any way copy or otherwise distribute the Online Course purchased without our prior written consent.

4.5 The provision of the Online Courses is contingent upon us having received payment in full from you in respect of the relevant Online Courses. Without prejudice to our rights and remedies under these Terms, if any sum payable is not paid on or before the due date, we reserve the right, forthwith and at our sole discretion, to suspend the provision to you of the relevant Online Course.

Fee, payment and invoice

4.6 You shall pay the Fee due for the Service which you order through your Account in accordance with this clause.

4.7 Payment shall be made at the time of order by credit card or using PayPal. If your order exceeds 200 EUR, you might opt to pay Fees by bank transfer. For doing so, you shall contact us at and ask for payment details. You hereby confirm that access to Online Courses will be granted to you after we receive your full payment and that might take several days when opting to pay by bank transfer. You also confirm that all bank charges related to transaction will be borne by you.

4.8 For each purchase, invoice will be generated automatically and sent to your e-mail address by the end of the calendar month when you purchased the course. You are responsible for all invoicing information that will appear on the face of invoice (name, address, tax numbers, etc.).

5. Modifications to Online Courses

5.1 We may make modifications, enhancements or issue clarifications to existing Online Courses.  You will have access to such changes free of charge and you will be notified about them by e-mail.

5.2 Following the enactment of new legislation or issue of new regulations, we may enlist the new Online Course covering the new material. For the avoidance of doubt, purchase of a current Online Course does not entitle the purchaser to future supersessions as part of the original purchase.

5.3 Where regulatory authorities issue new guidance or other pronouncements which supersede or materially change existing Online Courses (for example, where a new accounting standard is issued replacing an existing accounting standard), we will issue a notification of expected new guidance as soon as reasonably practicable and publish it against relevant Online Course. Where a notice appears against an Online Course, please consider whether you wish to purchase the existing Online Course(s) or wait until new Online Courses are made available for purchase on the Site. Purchase of existing Online Courses subsequent to notification of expected guidance will not entitle the purchaser to new Online Courses.  New Online Courses must be purchased separately.

5.4 From the date upon which any new guidance becomes effective, existing Online Courses will cease to be available for purchase.  In these circumstances, the Online Courses will be removed from the course listing. When a course is removed, the course will no longer be accessible.  You will be notified about it and if you purchased access to Online Course for specified period prior removal, we grant that access to you until specified period lapses.

6. Use of the Training Material

6.1 The Service enables you to access Training Material which is protected by copyright and other intellectual property rights and related rights (the “Rights”) of Simlogic.

6.2 Subject to payment of the appropriate Fee, any Training Material you access may be retained by you for an unlimited period and viewed as many times as you wish provided it is used for your private and internal business use only. You may make, and use, such copies of the Training Material as are reasonably necessary to enable this use only. All other Rights are reserved by Simlogic and for the avoidance of doubts, the Training Material is not transferable.

7. Technical availability and disruption of access

7.1 The Service is accessed via the Internet. You are responsible for the provision of and payment for the telecommunications services plus a suitable computer, browser, modem and any other items of hardware, software or communications equipment necessary to enable you to access the Service and receive the Training Material. We will not be able to issue refunds against these charges or accept responsibility for any delay or inability to access any part of the Service or the Training Material due to any faults of, or your means of access to, the Internet or your reception of the Service and the Training Material.

7.2 We will use reasonable skills and care in providing such technical support and shall take steps to seek that this Service is available but cannot guarantee uninterrupted availability. We do not guarantee that the possible technical support provided will resolve your technical problems.

7.3 You accept and acknowledge that periods of downtime may be required in respect of the information technology infrastructure connected to this Site and that technical support may not be available during such periods of downtime. Further you accept that you will not have a claim for breach of contract or otherwise in respect of such period of unavailability.

7.4 You also acknowledge that we cannot be held responsible for any delay or disruptions that are inherent in the operation of the Internet and the World Wide Web, including but not limited to viruses.

7.5 We will use reasonable efforts to seek that the Site is available 24 hours a day 7 days a week. However, we reserve the right to suspend access to the Site. There may be occasions when access to the Site is interrupted for emergency maintenance or repairs or to carry out upgrades to improve the performance or functionality of the Site. Access may also be interrupted due to failures of telecommunications links and equipment, which are beyond our control.

8. In-house courses

8.1 If you are interested in in-house courses provided by us, please contact us at Provision of In-house courses will be arranged by separate agreement between you and us.

9. Limitation of liability

9.1 Our Services are for training purposes only. We will not accept any responsibility to any party for the use of these materials for any purpose other than training, including but not limited to the giving of advice by any purchaser to any third party.

9.2 Whilst we will use all reasonable skills and care in the creation and supply of the Service and the Training Material and the selection of our training suppliers, we do not give any warranty as to their suitability, accuracy or fitness for any purpose. We cannot guarantee that e-mail questions to lecturers will be answered, or where they are, take any responsibility therefore as to content or any reliance placed thereon.

9.3 The pages contained in this Site may contain technical inaccuracies and typographical errors. The information in these pages may be updated from time to time and may at times be out of date. We accept no responsibility for keeping the information in these pages up to date or liability for any failure to do so.

9.4 Subject to 9.5 and 9.6 we exclude all liability whether in contract, tort (including liability for negligence) or otherwise for the suitability, accuracy or fitness for any purpose of the Service and any Training Material and limit liability for any other liability under these Terms to the Fee payable by you for the element of the Service or Training Material in dispute.

9.5 Subject to 9.6 we exclude all liability for loss of business revenue or profits, anticipated savings or wasted expenditure, corruption or destruction or data or for any other indirect or consequential loss whatever.

9.6 We limit or exclude our liability for death or personal injury caused by its negligence or any other liability the limitation or exclusion of which is prohibited by law.

9.7 We accept no liability if, for whatever reason, a course does not take place.

10. Privacy and data protection

10.1 The details provided to us by you will be stored in electronic form and used to provide the Services to you. We gather only the information necessary for online ordering – name, address and payment details.

10.2 Our commitment is to protect your privacy. Personal details obtained from you are not shared with any parties external to Simlogic except for when required by law.

10.3 This website uses cookies to improve your experience and enable our service. By continuing to use the website, you agree to use cookies. You can read more about our cookie policy here.

11. Indemnification

11.1 You agree to indemnify Simlogic against any claims or legal proceedings arising from any use by you of the Service and the Training Material under this Agreement which are brought or threatened against us by another person.

12. Cancellation and Termination

12.1 In addition to any other rights we may have, we can terminate your password and your Account immediately without notice if you: (a) breach any provision of this Agreement and fail to remedy that breach promptly upon notice from us; or (b) are made bankrupt, enter into liquidation or any arrangement or composition with your creditors or if a receiver or administrator or administrative receiver is appointed against any of your assets or business.

13. Miscellaneous

13.1 We may modify the Terms at any time, such modifications becoming effective immediately upon either posting of the modified Terms on the Service or notification to you. By continuing to use the Service following any such modification you will be deemed to accept such modification.

13.2. You are not allowed to re-sell or attempt to re-sell the Service (or any part or facility of it) or any Training Material to any other person.

13.3 If we cannot perform our obligation under these Terms because of circumstances beyond our reasonable control such as technical failure, severe weather, fire or explosion, civil disorder, war, or military operations, natural or local emergency, anything done by government or other competent authority or industrial disputes of any kind, we will not be liable for this.

13.4 Notices given under these Terms may be given by us to you in writing to your e-mail address and by you to us to in writing to the e-mail address

13.5 This Agreement is governed by Law of Slovak Republic / European Union and you and we submit to the non-exclusive jurisdiction of the Slovak courts.