Course detail

Accounting

FP-ucePAcad. year: 2021/2022

The subject is focused on the bases and basic principles of accounting, i.e. stress is placed on construction of the balance sheet, on changes in the balance sheet, on recognition of costs and revenues, on creation of profit/loss accounts and on cash-flow in an enterprise.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

Ing. Zuzana Křížová, Ph.D.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

Students will understand the basic principles of accounting and interconnection in accounting operations and in financial statements. Students will gain the skills of identification of accounting operations and their influence on the items of financial statements, and skills of preparation of financial statements.

Prerequisites

Basic general knowledge of business economics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course contain one two-hour lecture per week that explains the basic principles, problems and methodology of the discipline. A two-hour seminar per week promoting practical applications of the material presented in the lectures.

Assesment methods and criteria linked to learning outcomes

Credit:
Credit written test (at the end of the semester). Pass mark 50 %.
Examination:
Written test with closed questions. Pass mark 50 %.
The credit will have a 40 % weighting in the overall course mark while the examination will account for 60 %.

Course curriculum

The course is focused on the fundamentals and basic principles of accountancy in the sense of putting together a balance sheet, changes in the balance sheet, the creation of costs and revenues and producing the profit and loss account.

A. Characteristics and importance of the accounting and reporting, main principals and methodological instruments. Balance sheet an profit and loss statement.
B. Basic bookkeeping records in area of current assets, payables and receievebles, accounting of long-term assets, owners equity and long-term outside sources.                                                                        C: Closing relations and financial statements, their disclosure and audit.
D:History of the accounting, ICT in bookkeepig and reporting. Regulation and harmonisation of the accountig systems.

Work placements

Not applicable.

Aims

The objective of the subject is to explain to students in the basic principles of accounting and in the primary interconnections in financial statements that are the key to an understanding of any accounting system.

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

Paticipation on lectures is recommended, student´s participation on seminar is monitored.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

ÚZ č. 1568 Účetnictví podnikatelů, Audit, 2024.Vyd. Sagit, 2024. ISBN: 978-80-7488-448-1 (CS)

Recommended reading

Not applicable.

Elearning

eLearning: currently opened course

Classification of course in study plans

  • Programme BAK Bachelor's

    branch BAK-EP , 1 year of study, summer semester, compulsory
    branch BAK-UAD-D , 1 year of study, summer semester, compulsory

  • Programme BAK-EP Bachelor's 1 year of study, summer semester, compulsory

  • Programme BAK-MIn-D Bachelor's

    branch BAK-MIn , 1 year of study, summer semester, compulsory

  • Programme BAK-UAD Bachelor's 1 year of study, summer semester, compulsory

  • Programme IT-BC-3 Bachelor's

    branch BIT , 2 year of study, summer semester, elective

  • Programme BIT Bachelor's 2 year of study, summer semester, elective

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Zuzana Křížová, Ph.D.

Syllabus

1. Characteristics of double entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs.
2. Balance sheet, the 4 balance sheet changes.
3. Profit and loss account, creation of profit.
4. Fundamentals of bookkeeping, methodological instruments.
5. Clearing relations for curent assets (financial accounts and inventory).
6. Clearing relations - receivables  and payables (especially trade ones).
7. Fixed assets (acquisition, depreciation, elimination)
8. Equity, long-term outside sources (accounting for profit and long-term loans).
9. Overview of the costs and revenues. Closing procedures of the accounts.

10. Structure of the financial statements, disclosure and audit.

11. Accounting history, information technologies in accounting.

12. Regulation of the accounting, national and international reporting systems.

13. Harmonisation of the accounting accross the world, aplications of the IFRS standards.

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Helena Hanušová, CSc.
Ing. Jana Gláserová, Dr.
Ing. Pavol Zahoran
Ing. Jan Pěta, Ph.D.

Syllabus

1. Organizational matters, chharacteristics of double entry bookkeeping.
2. Balance sheet, balance sheet changes.
3. Profit and loss account, creation of profit.
4. Fundamentals of bookkeeping, methodological instruments.
5. Financial accounts (characteristics, evaluation and accounting for money, short-term loans and short-term securities).
6. Current assets – inventory (characteristics, valuation, accounting).
7. Clearing relations - receivables (especially trade receivables).
8. Clearing relations - payables (especially trade payables and for employees and shareholders).
9. Fixed assets (acquisition, depreciation).
10. Equity, long-term outside sources (accounting for profit and long-term loans).
11. Closing procedures of the accounting, structue of the financial statements.
12. Final written test.
13. Discussion on the results of the test.

Elearning

eLearning: currently opened course