Czech

6

Students acquire theoretical knowledge of issues in balance sheets and results, and should know the rules for the accounting treatment of these transactions in accordance with Czech legislation.
Students gain the skills needed for accounting operations connected with the existence of all forms of property in the enterprise, its sources of financing, cost and revenue processes. They acquire skills in the specific accounting operations that provide a true and fair picture of the enterprise. They also practice producing financial statements.
After completing the course students are able to carry out routine accounting operations in a company, propose solutions for specific accounting operations and produce financial statements.

Students need to know:
- methods of double-entry bookkeeping
- the accounting definition of asset items and their valuation
- about the concepts and definitions of funding sources
- about the costs, revenues and profits of the enterprise
- about the connections between the given accounting categories and how they are incorporated into the financial statements.
This means that they must have successfully completed the course Accountancy.

Not applicable.

The teaching is in the form of lectures, in which the logic and methods of processing accounting information are presented. The tasks in the seminars support the practical mastery of the material explained in the lectures.

In order to be awarded the credit is necessary to complete the seminars and the final examination successfully (minimum grade E), account the assigned accountancy cases and produce financial statements.
The examination is in writing, and in the case of an inconclusive result there is also an oral component.
The resulting mark for the course also includes the results of work in the seminars. In the resulting classification the weighting of the individual parts will be as follows: example for examination -max 60 points, results from seminars – max 40 points.

The course Financial Accountancy familiarises students in detail with the accounting of the life cycle of fixed assets, accounting for current assets, for individual items in balance sheet liabilities, for associated and other costs and revenues, for profit and its distribution and producing financial statements.
1. Fixed assets – all methods of acquisition
2. Life cycle of fixed assets – depreciation (component depreciation, residual value), disposal by sale, by donation or through liquidation
3. Current assets – inventory: accounting by methods A and B, pricing on consumption, inventory from own production
4. Current assets – receivables: statement of claims focused on trade receivables, provisions, writing off receivables, assignment of claims
5. Balance sheet liabilities - equity
6. Balance sheet liabilities - external funding sources
7. Costs and their structure, content and accounting in accounting cost classes
8. Revenues and their structure, content and accounting in accounting revenue classes
9. Profit: ascertaining the profit, accounting for its distributions
10. cut-off entries in the wider sense, cost and revenue accruals, accrued items and exchange rate differences by balance-sheet date
11. Closure of accounts, income tax (current and deferred tax)
12. Producing financial statements and annexes
13. Verifying financial statements. The ethics of accounting work, communication of the accountant with shareholders.

Not applicable.

The course objectives are:
- to acquire knowledge and skills in the issues of accounting for assets and liabilities of the accounting unit, costs and revenues and profit
- to acquire knowledge and skills in cut-off entries and financial statements

Participation of students in seminars is monitored, and in the case of unexcused absence the student must proceed according to the instructions of the teacher.

Not applicable.

Not applicable.

Zákon č. 563/1991Sb., o účetnictví, ve znění p. p.
Vyhláška č.500/2002Sb.,kterou se provádějí některá ustanovení zákona o účetnictví
České účetní standardy pro podnikatele

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)
SKÁLOVÁ, J. a kol. Podvojné účetnictví 2018. Praha: Grada Publishing, 2018. ISBN 978-80-271-0868-8.
ELLIOT B.; ELLIOT J. Financial accounting and reporting. Harlow, UK Pearson, 2013, 904 s. ISBN 978-0-273-77817-2.
MALBURG, C. R. Accounting for the New Business. Adams Media Corporation Avon, Massachutsetts. ISBN 1-55850-759-0.

26 hours, compulsory

The tasks worked on in the seminars follow on from the topics presented in the lectures.