Czech

Not applicable.

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

The course ends with the exam in the form of written assignments. In total, there are 70 points allocated to such assignments, the mark depends on the correctness of the answers (0 – 70 points). The overall marking of the exam is the sum of points obtained by students both from the final written assignments and results of the credit assignments (credit assignments are marked on the scale 0 – 30 points) .
The exam grading is identical with the ECTS scale.
Further specification of the grading.
Credits:
1) credit assignment focused on the selected issues in transformation of the financial statements compiled in accordance with the Czech GAAP into financial statements prepared in accordance with the IFRS (0 - 15 points);
2) written multiple-choice test – the test contains both theoretical questions and practical cases requiring selection and appropriate application of the accounting policy (0 - 15 points).
Written exam: consists from the final assignments in the form of short case studies focused on the use of appropriate method for solving the presented problems and their reflection in the preparation of the financial statements (0 – 70 points).
Attendance on seminars is not compulsory but is controlled.

The aim of the course is to learn the students work with the IFRS - that is, with such an accounting system, wich is based on general principles rather than on detailed rules. After completion of the course, the students would be able to select an apply an accounting policy necessary for a faithfull presentation of the impact of transactions, events and other conditions relate to an enterprise. In addition, they should be familiar with the requriments for measurement of assets and liabilities (including the use of estimates in such processes) and be able to complie financial statements in accordance with the standards and interpretations commonly known as IFRS.
Students will gain the knowledge and skills in preparation of financial statements under the International Financial Reporting Standards and in transformation of the financial statements prepared in accordance with the Czech accounting law into the financial statements under IFRS.

Not applicable.

Not applicable.

DVOŘÁKOVÁ, D. Finanční účetnictví a výkaznictví. Praha : Management Press, 2017. ISBN 9788026506928 (CS)
FLOOD, J. M. Wiley Revenue Recognition: Understanding and Implementing the New Standard (Wiley Regulatory Reporting). Wiley : Hoboken, 2017 (EN)
KRUPOVÁ, L. Leasingy podle IFRS. Praha : VOX, 2017. ISBN 9788087480540. (CS)
MLÁDEK, R. IFRS a US GAAP / IFRS and US GAAP. Praha : Leges, 2017 (CS)

BARKER, R - Schulte, S. Representing the market perspective: Fair value measurement for non-financial assets. ACCOUNTING ORGANIZATIONS AND SOCIETY. Volume: 56, Pages: 55-67 (EN)
BARTKOVA, H. et al. Project templates draft based on an analysis of the current state of the implementation and application of IFRS in the Czech Republic. In: PROCEEDINGS OF THE 12TH INTERNATIONAL CONFERENCE ON STRATEGIC MANAGEMENT AND ITS SUPPORT BY INFORMATION SYSTEMS (SMSIS). Ostrava : 2017. (EN)
IFRS www.kacr.cz/ceske-zneni-ifrs-preklad-eu (CS)
JINDŘICHOVSKÁ,, I. - KUBÍČKOVÁ, D. The Role and Current Status of IFRS in the Completion of National Accounting Rules - Evidence from the Czech Republic ACCOUNTING IN EUROPE. Volume: 14, Issue: 1-2, pages: 56-66 (EN)
MEJZLÍK, L. et al. THE ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN THE CZECH REPUBLIC AND ITS IMPACT ON CORPORATE TAXATION. POLITICKA EKONOMIE, Volume: 63, Issue: 7, pages: 811-832. Praha : VŠE, 2015. (EN)
PROCHAZKA, D. The Specifics of Forced IFRS Adoption by Czech Private Companies: A pilot field study. In: EUROPEAN FINANCIAL SYSTEMS 2017: PROCEEDINGS OF THE 14TH INTERNATIONAL SCIENTIFIC CONFERENCE, PT 2, Pages: 199-206. Brno : 2017. (EN)
STROUHAL, J. - BONACI, C. G. FACING CURRENT TRENDS IN ACCOUNTING HARMONIZATION: ON CASE OF CZECH PROFESSIONAL ACCOUNTANTS. IN: INTERNATIONAL CONFERENCE ON ACCOUNTING, AUDITING, AND TAXATION (ICAAT 2014). Tallin : 2014. (EN)
STROUHAL, J. Slovník pojmů IFRS. Praha: Wolters Kluwer,a.s., 2014, ISBN 978-80-7478-545-0.
Wiley IFRS 2017: Interpretation and Application of IFRS Standards (EN)
ŽÁROVÁ, M. Changes in Accounting Regulation in the Czech Republic over past twenty five years. In: UCETNICTVI A AUDITING V PROCESU SVETOVE HARMONIZACE (International Scientific Conference on Accounting and Auditing in the Process of International Harmonization). Vranov nad Dyji : 2016. (EN)