Course detail

Accounting

FSI-H2U-KAcad. year: 2013/2014

The course provides basic knowledge of and skills in double entry bookkeeping of business units. In the first part, the course deals with legal framework and basic terms, also discussed are the questions related to evaluation and fundamentals of financial management of assets and liabilities. The second part of the course gives an explanation for the most important issues such as long term assets, inventory, financial assets, shareholder’s capital, reserves, accounts payable, accounts receivable, costs and revenues and the influence of changes on the economic result. The third part the course deals with accounting statements, their forms, the way of their preparation, as well as their use for financial analysis.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

prof. Ing. Alena Kocmanová, Ph.D.

Department

Institute of Manufacturing Technology (ÚST)

Learning outcomes of the course unit

The course provides students with the knowledge and skills in the field of double entry bookkeeping, i.e. knowledge of the topic and of methodical elements with respect to financial accounting, proceeding from individual accounting classes according to the accounting system for entrepreneurs. Students will also learn how to calculate simple accounting tasks applicable in common accounting routine and will understand mutual economic relations.

Prerequisites

Knowledge of basic economic terms from the sphere of company economics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course is intended for the combined form of study, indivudual work of students is directed by lectures and exercises taught en bloc.

Assesment methods and criteria linked to learning outcomes

Submitting of two continuing control tests 40 points
Passing final exam 60 points
Total maximum 100 points

Grading
Grade Number of points
A 100 – 90
B 89 - 80
C 79 – 70
D 69 – 60
E 59 – 50
F 49 - 0

Course curriculum

Not applicable.

Work placements

Not applicable.

Aims

The main objective of the course is to familiarise students with the principles and ways of double entry bookkeeping for business units. It also focuses on the application of the knowledge in the field of economic operations.

Specification of controlled education, way of implementation and compensation for absences

Not applicable.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

KOCMANOVÁ.A.Účetnictví- podvojné účetnictví v aplikaci a příkladech.1.vyd. Brno:CERM,s.r.o.,2002.s.228.ISBN 80-214-2348-X.

Recommended reading

Zákon č.563/1991 Sb. o účetnictví včetně novelizací

Classification of course in study plans

  • Programme N2301-2 Master's

    branch M-STM , 1 year of study, winter semester, compulsory
    branch M-STM , 1 year of study, winter semester, compulsory

Type of course unit

 

Guided consultation

17 hod., optionally

Teacher / Lecturer

Ing. Jana Hornungová, Ph.D.
prof. Ing. Alena Kocmanová, Ph.D.

Syllabus

Topics of lectures are the following:
- Legal regulation of accounting, the significance and meaning of accounting
- Fundamentals of double entry bookkeeping – accounting system, account and its requisites, inventory
- Balance sheet – structure, four fundamental changes of balance sheet
- Class 0 – characteristics, long term assets evaluation, ways of long term assets acquirement, accounting methods
- Long term assets depreciations, ways of discarding LTA, LTA inventory
- Class 1 – characteristics, inventory evaluation, methods of inventory accounts, and output inventory
- Class 2 – characteristics, accounting methods in groups No. 21, 22, 26 and 23
- Class 3 – characteristics, accounting methods in groups No. 31,32 and 33
- Class 3 – accounting methods in groups No. 34,35, 36 and 37
- Class 3 – accrual and deferral accounting methods
- Class 4 – characteristics, capital stock and capital funds accounting methods as well as accounting methods related to the reserve funds and retained earnings
- Class 5 and 6 – accounting methods
- Financial statement and final accounts, economic result and accounting methods, account sheets (balance sheet and profit and loss account).

The seminars will be focused on practising the lectured topics.