Course detail
Financial Accounting
FP-fuKAcad. year: 2018/2019
The course Financial Accountancy familiarises students in detail with the accounting of the life cycle of fixed assets, accounting for current assets, for individual items in balance sheet liabilities, for associated and other costs and revenues, for profit and its distribution and producing financial statements.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Students gain the skills needed for accounting operations connected with the existence of all forms of property in the enterprise, its sources of financing, cost and revenue processes. They acquire skills in the specific accounting operations that provide a true and fair picture of the enterprise. They also practice producing financial statements.
After completing the course students are able to carry out routine accounting operations in a company, propose solutions for specific accounting operations and produce financial statements.
Prerequisites
- methods of double-entry bookkeeping
- the accounting definition of asset items and their valuation
- about the concepts and definitions of funding sources
- about the costs, revenues and profits of the enterprise
- about the connections between the given accounting categories and how they are incorporated into the financial statements.
This means that they must have successfully completed the course Accountancy.
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Course curriculum
1. Fixed assets – all methods of acquisition
2. Life cycle of fixed assets – depreciation (component depreciation, residual value), disposal by sale, by donation or through liquidation
3. Current assets – inventory: accounting by methods A and B, pricing on consumption, inventory from own production
4. Current assets – receivables: statement of claims focused on trade receivables, provisions, writing off receivables, assignment of claims
5. Balance sheet liabilities - equity
6. Balance sheet liabilities - external funding sources
7. Costs and their structure, content and accounting in accounting cost classes
8. Revenues and their structure, content and accounting in accounting revenue classes
9. Profit: ascertaining the profit, accounting for its distributions
10. cut-off entries in the wider sense, cost and revenue accruals, accrued items and exchange rate differences by balance-sheet date
11. Closure of accounts, income tax (current and deferred tax)
12. Producing financial statements and annexes
13. Verifying financial statements. The ethics of accounting work, communication of the accountant with shareholders.
Work placements
Aims
- to acquire knowledge and skills in the issues of accounting for assets and liabilities of the accounting unit, costs and revenues and profit
- to acquire knowledge and skills in cut-off entries and financial statements
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Ryneš, P. Podvojné účetnictví a účetní závěrka 2018. Olomouc: ANAG, 2018. ISBN 978-80-7554-116-1. (CS)
vyhláška č.500/2002Sb.,kterou se provádějí některá ustanovení zákona o účetnictví
zákon č. 563/1991Sb., o účetnictví
Recommended reading
Classification of course in study plans
- Programme BAK-KS Bachelor's
branch BAK-EP-KS , 3 year of study, winter semester, compulsory-optional
branch BAK-UAD-KS , 2 year of study, winter semester, compulsory
Type of course unit
Guided consultation in combined form of studies
Teacher / Lecturer
Syllabus
Life cycle of fixed assets – depreciation (component depreciation, residual value), disposal by sale, by donation or through liquidation
Current assets – inventory and receivables
Balance sheet liabilities - equity
Balance sheet liabilities - external funding sources
Costs and their structure, content and accounting in accounting cost classes
Revenues and their structure, content and accounting in accounting revenue classes
Profit: ascertaining the profit, accounting for its distribution
Cut-off entries in the wider sense, cost and revenue accruals, accrued items and exchange rate differences by balance-sheet date
Closure of accounts, income tax (current and deferred tax)
Producing financial statements and annexes
Verifying financial statements. The ethics of accounting work, communication of the accountant with co-workers.