Czech

5

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.

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

Not applicable.

One hour lectures a week present students theoretical and practical bases of business finance probles. In seminars (two hours a week), students aplly theoretical knowledge and methods on practical examples.

Credit:
1) assignment – transformation of financial statements prepared under the Czech GAAP into financial statements in accordance with the IFRS
2) credit test - consists of short case studies requiring application of proper methodology of the problem solving and its subsequent presentation in finanacial statements (required minimum 50 %)

Exam: written, in the form of multiple-choice test - consists of teoretical questions and practical cases (required minimum 60 %)

1. Harmonizace účetnictví. Směrnice EU, IFRS.
2. Koncepční rámec pro přípravu účetní závěrky, účetní postupy.
3. Stálá aktiva, oběžná aktiva, snížení hodnoty aktiv.
4.Vlastní kapitál, závazky, rezervy, podmíněné závazky a podmíněná aktiva.
5.Náklady, vykazování výnosů, časové rozlišení nákladů a výnosů.
6.Konsolidovaná účetní závěrka, zjištění goodwilu.

Not applicable.

Objective of the subject is to provide the student with knowledge and skills in application of the financial reporting system based on principles, not on the rules, i.e. to educate the students in preparation of financial statements in accordance with the International Financial Reporting Standards.

Attendance on seminars is not compulsory but is controlled.

Not applicable.

Not applicable.

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

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)
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)
STROUHAL, J. Slovník pojmů IFRS. Praha: Wolters Kluwer,a.s., 2014, ISBN 978-80-7478-545-0.
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)
IFRS www.kacr.cz/ceske-zneni-ifrs-preklad-eu (CS)
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)
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)
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)
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)

26 hours, compulsory

- Accounting policies
- Conceptual framework for preparation of financial statements. Financial statements.
- IFRS 1 – First-time adoption of International Financial Reporting Standards.
- Fixed assets.
- Current assets.
- Leases.
- Liabilities. Employees´ benefits.
- Provisions, contingent assets and contingent liabilities. Impairment of assets.
- Costs and revenues.
- Consolidated financial statements.