Course detail

Accounting

FAST-BV15Acad. year: 2014/2015

The course is focused on the basic rules of keeping evidence of company’s economic, its meaning and relevance to the needs of building economists. Legal limits are explained to students, ie accounting legislation, Act No. 563/91 Coll and applicable accounting procedures. The course is interested in Accounting system, tax accounting and double-entry accounting. Financial accounting. Basic accounting of assets and resources. Evidence of costs and revenues. Closing and financial statements. Work with the financial statements. The importance of accounting in corporate financial management.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

doc. Ing. Leonora Marková, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Students will gain an overview of the management of economic evidence, understand the relationship between accounting and the tax system and their significance and meaning for the needs of economic practice. They will acquire basic skills in the area of financial accounting and acquire the ability to recognize the typical accounting transactions in assets and resources, as well as in the evidence of expenses and income. The ability to assemble the prescribed financial statements and work with them for financial management needs.

Prerequisites

Knowledge of financing and construction firm economy.

Co-requisites

Knowledge of prices and firm economy.

Planned learning activities and teaching methods

The course is taught through lectures, practical classes and self-study assignments. Attendance at lectures is optional, but attendance at classes is compulsory.

Assesment methods and criteria linked to learning outcomes

To receive a credit is under condition to demonstrate ability in solving typical accounting transactions of an economic practice the ability to apply theoretical knowledge and economic thinking. The exam consists of a written part and an oral part. Condition of the oral exam is a fulfillment of written test conditions. Limits for each grade of evaluation will be set. Total sum 100 points from written exam. The limit for oral exam approval is 51 points.

Course curriculum

1.-2. The economic evidence, meaning and significance, the subject. Legislation act 563/91 coll. accounting, act 586/91 coll., the income tax.
3. Business assets (balance sheet) - assets and resources - liability. Chart of accounts and Czech accounting standards and decree 500/2002 coll. The methodology of financial accounting.
4.-5. Accounting for tangible and intangible assets.
6.-7. Inventory.
8. Evidence of wages.
9. Receivables and payables.
10.-11. Costs and revenues.
12. Accrued expenses and revenues.
13. Capital accounts and long term liabilities. Annual closing and financial statements.

Work placements

Not applicable.

Aims

To get fundamental skills and knowledge about financial accounting. Ability to account typi-cal accounting transactions from the area of property and financial sources, further then in the costs and returns evidence. Ability to put together prescribed account reports and to work with them for financial management needs.

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

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Recommended optional programme components

Suitable co-operation in projects oriented in evidence and management of company economics.

Prerequisites and corequisites

Not applicable.

Basic literature

Opatření MF č.j.281/89 759/2001, kterým se stanoví účtová osnova a postupy účtování pro podnikatele. 0. (CS)
SEDLÁČEK, Jaroslav: Účetnictví pro manažery. Praha: Grada, 2005, 2005. ISBN 80-247-1195-8. (CS)
Sutton, Tim: Corporate Financial Accounting and Reporting. Prentice Hall, 2004. ISBN 978-0-273-67620-1. (EN)
Vyhláška č.500/2002 Sb.. 2002. (CS)
Zákon č. 563/91 Sb., o účetnictví. 0. (CS)

Recommended reading

KOVANICOVÁ, Dana: Finanční účetnictví. Praha: BOVA POLYGON, 2005. ISBN 80-7273-129-7. (CS)

Classification of course in study plans

  • Programme B-K-C-SI Bachelor's

    branch E , 3 year of study, summer semester, compulsory
    branch N , 3 year of study, summer semester, compulsory

  • Programme B-P-C-SI Bachelor's

    branch E , 3 year of study, summer semester, compulsory
    branch N , 3 year of study, summer semester, compulsory

  • Programme B-P-E-SI Bachelor's

    branch E , 3 year of study, summer semester, compulsory
    branch N , 3 year of study, summer semester, compulsory

  • Programme N-K-C-SI Master's

    branch M , 1 year of study, summer semester, elective

  • Programme N-P-C-SI Master's

    branch M , 1 year of study, summer semester, elective

  • Programme N-P-E-SI Master's

    branch M , 1 year of study, summer semester, elective

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

doc. Ing. Leonora Marková, Ph.D.

Syllabus

1.-2. The economic evidence, meaning and significance, the subject. Legislation act 563/91 coll. accounting, act 586/91 coll., the income tax.
3. Business assets (balance sheet) - assets and resources - liability. Chart of accounts and Czech accounting standards and decree 500/2002 coll. The methodology of financial accounting.
4.-5. Accounting for tangible and intangible assets.
6.-7. Inventory.
8. Evidence of wages.
9. Receivables and payables.
10.-11. Costs and revenues.
12. Accrued expenses and revenues.
13. Capital accounts and long term liabilities. Annual closing and financial statements.

Exercise

26 hod., compulsory

Teacher / Lecturer

doc. Ing. Leonora Marková, Ph.D.

Syllabus

1.-2. Accounting documents. Introduction to the tax evidence. Keeping cash book and books of ancillary evidence.
3. Economic processes in the system of accounts.
4.-5. Long-term assets. Acquisition. Depreciation. Disposals.
6.-7. Inventory. A and B stock records. Inventory valuation. Inventory stock.
8. Financial accounts. Evidence of valuables, cash and non-cash transactions. Evidence of wages.
9. Accounting relations. Receivables and trade payables. Taxes and subsidies.
10.-11. Evidence of costs and revenues. Costs and revenues from operating, financial and extraordinary activities. Accrued expenses and revenues. Exchange rate differences.
12. Capital accounts and long-term liabilities. Equity. Provisions. Distribution of profit.
13. Annual financial statements and closing. Determining income tax of artificial persons. Principle continuity. Credit test.