Czech

6

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.

Basic general knowledge of business economics.

Not applicable.

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

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 %.

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 units to publish statements.

Not applicable.

The objective of the subject is to educate 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.

Student´s participation on seminar is monitored.

Not applicable.

RYNEŠ, P. Podvojné účetnictví a účetní závěrka. Průvodce podvojným účetnictvím k 1. 1. 2018. 18. aktualiz. vyd. Olomouc: ANAG, spol. s r.o., 2018. 1064 s. ISBN 978-80-7554-116-1. (CS)
BŘEZINOVÁ, H. Rozumíme účetní závěrce podnikatelů. 2. vyd. Praha: Wolters Kluwer, 2017. ISBN 978-80-7552-603-8.
Zákon č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů. (CS)
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. (CS)
České účetní standardy pro účetní jednotky č. 001 až 024, které účtují podle vyhlášky č. 500/2002 Sb., ve znění pozdějších předpisů. (CS)

ELLIOT B.; ELLIOT J. Financial accounting and reporting. Harlow, UK Pearson, 2013, 904 s. ISBN 978-0-273-77817-2. (EN)
MALBURG, C. R. Accounting for the New Business. Adams Media Corporation Avon, Massachutsetts. ISBN 1-55850-759-0. (CS)
BOKŠOVÁ, J. Účetní výkazy pod lupou. Praha, Linde, 2013. ISBN 9788072019212. (CS)
STROUHAL, J. a kol. Meritum - Účetnictví podnikatelů. Praha: Wolter Kluwer, 2017. ISBN 978-80-7552-518-5. (CS)

26 hours, compulsory

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