Course detail

Accounting of Public Sector Entities

FP-UusvsPAcad. year: 2014/2015

The course contains characteristics of public administration entities, duties of public administration entities in accounting and pays attention to the range of bookkeeping, accounting documents and entries and accounting books. The accent of the course is focused on accounting of fixed and other assets, payables and other liabilities, expenses, revenues and profit of current accounting period.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

doc. Ing. Anna Fedorová, CSc.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

Outcomes of the subject are:
- Theoretical knowledge of accounting in selected accounting entities and fundamental differences of accounting for entrepreneurs and of accounting for the nonprofit private sector
- Development of skills required for accounting for state and flow of assets, liabilities, expenses, revenues and profit
- Basic skills leading to compiling of financial statements in selected accounting entities

Prerequisites

Knowledge in the field of financial accounting.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Lectures consist of an explanation basic principles, is used methodological tools of the discipline and problems and their example solutions. Exercise support particular practical mastery of subject matter presented in lectures or assigned for individual students study.

Assesment methods and criteria linked to learning outcomes

Credit:
Class exam, the student must obtain at least 20 points out of a total of 40 points.

Examination Requirements:
Examination test with multiple choice answers from which the student has to obtain at least 30 points out of 60 points.

Ratings for the subject:
Points earned from class exam and exam test are added together. The final evaluation for the object based on the following scale:

Grading scale according scoring:
"A" at 100-91 achieved points
"B" at 90 to 81 points obtained
"C" achieved at 80-71 points
"D" at 70 to 61 points obtained
"E" obtained in 60 to 50 points
"F" at 49 points or less achieved

Course curriculum

Definition of public administration entities (selected accounting entities)
Legal regulation of accounting in selected accounting entities, its importance, basic terminology
Accounting for acquisition, depreciation and disposals of fixed assets
Accounting for particular categories of current assets
Accounting for liabilities
Accounting for equity and funds selected accounting entities
Definition and structure of costs and its accounting
Definition and structure of revenues and its accounting
Financial statements operations focused on the financial statements of selected entities
Comparison of selected accounting entities with accounting of entrepreneurs and accounting of nonprofit private sector

Work placements

Not applicable.

Aims

The aim of the course is to gain knowledge of accounting in public sector, major differences between accounting of enterpreneurs and selected accounting entities and accounting nonprofit organizations keeping accounts in accordance with Decree no. 504/2002 Sb. and selected accounting entities and about realities, which accounting entities are obliged to fulfil, accounts from accounts chart designated for selected accounting entities.

In accordance with acquired knowledge it is also aim of the course to gain basic skills for the accounting for assets, liabilities, expenses, revenues and profit in selected accounting entities and skills of financial statement operations.

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

Attendance of students will be monitored at the seminars. Students will be familiarized at the first seminar with a possibility of replacing missed lessons, which will be properly excused by the tutor.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

České účetní standardy pro některé vybrané účetní jednotky, které vedou účetnictví podle vyhlášky č. 410/2009 Sb. (CS)
Vyhláška č. 410/2009 Sb., kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů, pro některé vybrané účetní jednotky (CS)
Zákon č. 563/1991 Sb. o účetnictví ve znění pozdějších předpisů (CS)

Recommended reading

KOLEKTIV AUTORŮ. ÚZ č. 1064 - Účetnictví územních samosprávných celků, organizačních složek státu a příspěvkových organizací. Kontrola. Ostrava: Sagit, 2015. 416 s. ISBN 978-80-7488-092-6. (CS)
KRBEČKOVÁ, M. a J. PLESNÍKOVÁ. FKSP sociální fondy, benefity a jiná plnění. 4. vyd. Olomouc: ANAG, 2014. 183 s. ISBN 978-80-7263-865-9. (CS)
MÁČE, M., D. PROKŮPKOVÁ a Z. MORÁVEK. Účetnictví pro územní samosprávné celky, příspěvkové organizace a organizační složky státu: aplikace v příkladech. 1. vyd. Praha: Grada, 2012. 632 s. ISBN 978-80-247-3637-2. (CS)
PROKŮPKOVÁ, D. a M. SVOBODA. Jak číst účetní výkazy vybraných účetních jednotek. 1. vyd. Praha: Wolters Kluwer, 2014. 152 s. ISBN 978-80-7478-522-1. (CS)

Classification of course in study plans

  • Programme BAK Bachelor's

    branch BAK-UAD , 2 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Marie Jakubcová, Ph.D.

Syllabus

Characteristics of double-entry accounting and identification of major differences between accounting of enterpreneurs and selected business entities
Description of selected accounting entities
Legal regulation of accounting in selected accounting entities, its importance, basic terminology
Acquisition, depreciation and disposals of fixed assets
Inventories
Budget management, short-term financial assets, short-term loans
Debtor’s relations
Assets, funds, profit, reserves, long-term liabilities and receivables, final accounts and specific accounting
Definition and structure of expenses and revenues
Financial statements operations
Financial statements in selected accounting entities
Identification of major differences between accounting of selected accounting entities and accounting nonprofit private sector

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Lenka Zábojová

Syllabus

Identification of the major differences between accounting of entrepreneurs and selected accounting entities, accounts and accounting principles on accounts
Characteristics of account class 0 and fixed assets accounting
Depreciation and disposals of fixed assets
Characteristics of account class 1 and inventories accounting
Characteristics of account class 2 and accounting for financial relationships to various entities
Characteristics of account class 3 and accounting for debtor’s relations
Characteristics of account class 4 and its accounting and specifics
Characteristics of account classes 5 and 6, admissibility of their use and accounting for expenses and revenues
Characteristics of account classes 7 and 8 and their accounting options
Characteristics of account class 9 and accounting for funds, profit, long-term loans and reserves
Account class 9 as financial statements accounts and its use
Closing of accounting books and compilation of financial statements
Identification of major differences between accounting of selected accounting entities and accounting of nonprofit private sector