Course detail
Accounting
FP-PU_1Acad. year: 2016/2017
The subject is focused on the bases and basic principles of accounting, i.e. stress is put on construction of the balance, on changes in balance, on recognition of costs and revenues, on creation of profit/loss and on cash flows in a business entity.
Language of instruction
Czech
Number of ECTS credits
4
Mode of study
Not applicable.
Guarantor
Department
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 contains two-hours lectures per week that explain basic principles, problems and methodology of the discipline, and two-hours exercises per week promoting the practical knowledge and applications of the subject 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 %.
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.
1. Characteristics of double entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs.
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, elimination)
10. Equity, long-term outside sources (accounting for profit and long-term loans).
11. Costs and revenues (operational and financial).
12. Closing of accounts.
13. Accountancy audit statements, duty of accounting
1. Characteristics of double entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs.
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, elimination)
10. Equity, long-term outside sources (accounting for profit and long-term loans).
11. Costs and revenues (operational and financial).
12. Closing of accounts.
13. Accountancy audit statements, duty of accounting
Work placements
Not applicable.
Aims
Objective of the subject is to educate the students in the field of basic principles of accounting and in the primary interconnections in financial statements which are the key to understanding of any accounting system.
Specification of controlled education, way of implementation and compensation for absences
Student´s participation on seminar is controlled.
Recommended optional programme components
Not applicable.
Prerequisites and corequisites
Not applicable.
Basic literature
České účetní standardy pro účetní jednotky č. 001 až 024, které účtují podle vyhlášky č. 500/2002 Sb., ve znění pozdějších předpisů.
Kovanicová,D. a kol.: Finanční účetnictví - světový koncept. Praha, BOVA POLYGON 2005.ISBN 80-7273-1239-7. (CS)
Kovanicová,D.: Jak porozumět světovým, evropským, českým účetním výkazům. Praha, BOVA POLYGON 2006. ISBN 80-7273-095-9. (CS)
RYNEŠ, P. Podvojné účetnictví a účetní závěrka. 17. akt. vyd. Olomouc: ANAG, spol. s r.o., 2017. ISBN 978-80-7554-061-4.
Vyhláška č.500/2002 Sb., kterou se provádějí některá ustanovení zákona o účetnictví (CS)
Zákon č. 563/1991 Sb., o účetnictví (CS)
Kovanicová,D. a kol.: Finanční účetnictví - světový koncept. Praha, BOVA POLYGON 2005.ISBN 80-7273-1239-7. (CS)
Kovanicová,D.: Jak porozumět světovým, evropským, českým účetním výkazům. Praha, BOVA POLYGON 2006. ISBN 80-7273-095-9. (CS)
RYNEŠ, P. Podvojné účetnictví a účetní závěrka. 17. akt. vyd. Olomouc: ANAG, spol. s r.o., 2017. ISBN 978-80-7554-061-4.
Vyhláška č.500/2002 Sb., kterou se provádějí některá ustanovení zákona o účetnictví (CS)
Zákon č. 563/1991 Sb., o účetnictví (CS)
Recommended reading
Ryneš, P. Podvojné účetnictví a účetní závěrka 2015. 15.vyd., ANAG, 2013. ISBN 978-80-7263-924-3. (CS)
Classification of course in study plans
Type of course unit
Lecture
26 hod., optionally
Teacher / Lecturer
Syllabus
1. Characteristics of double entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs
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, elimination)
10. Equity, long-term outside sources (accounting for profit and long-term loans)
11. Costs and revenues (operational and financial)
12. Closing of accounts
13. Accountancy audit statements, duty of accounting units to publish statements
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, elimination)
10. Equity, long-term outside sources (accounting for profit and long-term loans)
11. Costs and revenues (operational and financial)
12. Closing of accounts
13. Accountancy audit statements, duty of accounting units to publish statements
Exercise
26 hod., compulsory
Teacher / Lecturer
Syllabus
1) Introduction to the course. Financial statements.
2) Balance sheet.
3) Profit and loss account.
4) Documenting in accountancy, rules for billing to accounts
5) Types of accounting operation, working procedures in accountancy
6) Accountancy on financial accounts
7) Clearing relations
8) Accounting for inventories
9) Accounting for fixed assets
10) Accounting for equity
11) Cut-off entries, preparation of financial statements
12) Credit test
13) Credit
2) Balance sheet.
3) Profit and loss account.
4) Documenting in accountancy, rules for billing to accounts
5) Types of accounting operation, working procedures in accountancy
6) Accountancy on financial accounts
7) Clearing relations
8) Accounting for inventories
9) Accounting for fixed assets
10) Accounting for equity
11) Cut-off entries, preparation of financial statements
12) Credit test
13) Credit