Course detail

Accounting

FP-ucePAcad. year: 2020/2021

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 be able 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, usually in 12th week). Pass mark is 50 %.
Examination:
Written test with closed questions. Pass mark is 50 %.
The credit will have a 40 % weighting in the overall course mark while the examination will account for 60 %.

Course curriculum

In the course students are acquainted with the general characteristic of accounting, its metodological instruments and legal treatment. The main attention is paid to the content of financial statements, the links between individual statements and the use of accounting information in the financial management of the company.

Characteristics of double entry accounting, main principles. Balance sheet, 4 balance sheet changes. Costs and revenues, profit and loss, P/L statement.
Fundamentals of bookkeeping, account, ledgers and other methodological instruments.
Characteristics, evaluation and accounting procedures for financial
accounts and inventory, stocks of material and goods, recivables and payables, fixed assets, equity, long-term outside sources.
Summary of costs and revenues, closing of accounts, publication and audit of the finacial statements.
Accounting regulation, national and international accounting systems. History of the accounting and ICT in bookkeeping and reporting.

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

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

  • Programme BAK Bachelor's

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

  • Programme BAK-MIn-D Bachelor's

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

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

  • Programme IT-BC-3 Bachelor's

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

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Ing. Zuzana Křížová, Ph.D.

Syllabus

Contents of the lectures
1. Main principles and methodology of accounting, legislation and annual financial statements in the Czech Republic
2. Balance sheet, 4 main balance sheet changes
3. Cost and revenues, profit and loss, P/L statement
4. Fundamental rules of bookkeeping, methodological instruments.
5. Basic double-entry procedures of current assets (financial accounts and inventory)
6. Basic double-entry procedures of accounts receivables and payables
7. Basic double-entry procedures of fixed assets
8. Basic double-entry procedures of equity and long-term liabilities
9. Overview of costs and revenues, closing procedures of accounts
10. Annual financial statements, their publication and audit
11. History of accounting, information technology in bookkeeping
12. Regulation of accounting, national and international reporting systems
13. Harmonization of accounting across the world, IFRS

Exercise

26 hours, compulsory

Teacher / Lecturer

Ing. Jana Gláserová, Dr.
Ing. Veronika Koláčná
Ing. Jan Pěta, Ph.D.

Syllabus

Content of the course
1. Organizational matters, overview of the content of the subject
2. Balance sheet, balance principle, 4 main balance sheet changes
3. Costs and revenues, profit and loss, P/L statement
4. Fundamentals of bookkeeping, account, ledgeres and other
methodological instruments.
5. Basic bookkeeping procecedures for financial accounts
6. Basic bookkeeping procecedures for receivables and short-term payables
7. Basic bookkeeping procecedures for stock of materials and goods
8. Basic bookkeeping procecedures for fixed assets
9. Basic bookkeeping procecedures for equity, long-term sources
10. Overview of bookkeeping of costs and revenues, closing date
11. Preparation of financial statements
12. Written test (for credit)
13. Discussion of test results, consultacion of problems

eLearning

eLearning: currently opened course