Course detail

International acouting standarts

FP-FmusPAcad. year: 2017/2018

The final mark of the exam is given by the assessment of the seminar work and the written test on the topic. Seminar work is assess on the scale from 0 to 100 points, while the works assess with 50 or lower points need to be remaked. The seminar work assessment has a 50 per cent weight in the final assessment of the subject. The written test consists of 30 multiple-choice questions. The questions are divided into the areas, which could have different point evaluation. There are positive points given for a correct answer, minus one point for a wrong answer and none point for no answer. The written test assessment has a 50 per cent weight in the final assessment of the subject.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

doc. Ing. Anna Fedorová, CSc.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

Students gain knowledge and skills for work with individual accounting standards and for producing financial statements in accordance with International Financial Reporting Standards.

Prerequisites

Accounting of business entities in accordance with the Czech accounting law.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

In 3 hours of lectures per week students will have explained to them the theoretical and practical bases of the issues of the International Financial Reporting Standards.

Assesment methods and criteria linked to learning outcomes

The overall subject assessment consists of the assessment of the seminar work and the written test dealing with the topic of the subject. The seminar work is assessed at the scale of 0 to 100 points, the student will obtain credit if the score is at least 50 point, otherwise the seminar work needs to be remake. The seminar work assessment has a 50 per cent weight on the overall subject assessment.
The written test consists of 30 multiple-choice questions, while the time for completing the test is 60 minutes. The questions are grouped by categories; each group could be assessment with different number of points. There are positive points for a correct answer, minus one point for a wrong one and none point for no answer. The written test assessment has a 50 per cent weight on the overall subject assessment.

Course curriculum

The essentials of accounting harmonisation and its development
Concise characteristics of IFRS and assumed further development of IFRS
Bodies concerned in the creation and updating of standards
IFRS – list and breakdown of IFRS, IFRIC and SIC , conceptual framework of IFRS,
Characteristics of individual requirements of IFRS/IAS -IFRS 1 to IFRS 41
IFRS for SMEs

Work placements

Not applicable.

Aims

The basic objectives of the course are
- to gain a basic knowledge in the field of the full text of the international financial reporting standards in comparison with the applicable Czech legislation
- to gain a basic knowledge in the field of the international financial reporting standards for SMEs
- the creation of conditions for the application of acquired knowledge in related specialist subjects and in solving problems from practice.

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

he teaching will take form of the lectures only, the dates of the lessons are following:
• Semptember 29th., from 8 to 11 am..
• October 6th, from 8 to 11 am and from 12 am to 3 pm.
• October 13th, from 8 to 11 am and from 12 am to 3 pm.
• October 20th, from 8 to 11 am and from 12 am to 3 pm.
• October 27th, from 8 to 11 am and from 12 am to 3 pm.
• November 3rd, from 8 to 11 am and from 12 am to 3 pm.
• November 11th, from 8 to 11 am and from 12 am to 3 pm.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Not applicable.

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-UFRP , 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

39 hod., optionally

Teacher / Lecturer

Ing. Jiří Ficbauer, CSc., MBA

Syllabus

1. The essentials of accounting harmonisation and its development
2. Concise characteristics of IFRS and assumed further development of IFRS
3. Bodies concerned in the creation and updating of standards:
International Accounting Standards Committee Foundation – IASCF
International Accounting Standards Board - IASB
International Financial Reporting Interpretations Committee - IFRIC
4. IFRS - list and breakdown of IFRS, IFRIC and SIC , conceptual framework of IFRS,
characteristics of individual requirements IFRS/IAS -IFRS 1 to IFRS 3
5.IFRS 4 - IFRS 9
6.IFRS 10 to IFRS 15
7.IFRS 16, IAS 1 - IAS 10
8.IAS 12 - IAS 21
9.IAS 23 - IAS 28
10.IAS 29 - IAS 36
11.IAS 37 - IAS 41
12.IFRS for SMEs
13. Revision, conclusion