Course detail
Accounting
FP-BucePAcad. 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
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
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
Contents of the course
1. Characteristics of double-entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs.
2. Balance sheet, balance sheet changes.
3. Cost and revenues, profit or loss, profit and loss statement.
4. Fundamentals of bookkeeping, methodological instruments.
5. Basic accounting procedures for current and long-term assets, equity and liabilities.
6. Overview of costs and revenues, closing procedures of accounts.
7. Annual financial statements, their publishing and audit.
8. History of accounting, information and communication technology in accounting.
9. Regulation and harmonization of accounting, international reporting systems.
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
České účetní standardy pro účetní jednotky č. 001 až 024, které účtují podle vyhlášky č. 500/2002 Sb., ve znění pozdějších předpisů.
Vyhláška č. 500/2002 Sb., kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů, pro účetní jednotky, které jsou podnikateli účtujícími v soustavě podvojného účetnictví.
Zákon č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů.
Recommended reading
MALBURG, C. R. Accounting for the New Business. Adams Media Corporation Avon, Massachutsetts. ISBN 1-55850-759-0.
STROUHAL, J. a kol. Meritum - Účetnictví podnikatelů. Praha: Wolter Kluwer, 2017. ISBN 978-80-7552-518-5.
Classification of course in study plans
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
1. Basic terms and concepts of accounting, legislation and annual financial statements in the Czech Republic
2. Balance sheet, for main balance sheet changes.
3. Cost and revenues, profit and loss, 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 making public 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
Exercise
Teacher / Lecturer
Syllabus
Content of the seminars
1. Characteristics of double entry accounting, 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. Written test
13. Discussion test results