Course detail

Accounting of Public Sector Entities

FP-UusvsPAAcad. year: 2020/2021

The course contains characteristics of public administration entities, duties of public administration entities in accounting and pays attention to the range of bookkeeping, accounting documents and entries and accounting books. The accent of the course is on the accounting of fixed and other assets, payables and other liabilities, costs, revenues and profit.

Language of instruction

Czech

Number of ECTS credits

6

Learning outcomes of the course unit

Outcomes of the subject are:
- A theoretical knowledge of accounting in selected accounting entities
- Development of skills required for accounting for state and flow of assets, liabilities, expenses, revenues and profit in selected accounting entities
- Basic skills leading to compiling of financial statements in selected accounting entities and understanding the content and structure of accounting data contained in financial statements

Prerequisites

Knowledge in the field of financial accounting.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Lectures consist of an explanation of basic principles, the methodology of the given discipline, problems and their model solutions. The seminars support a practical mastery of the material presented in lectures or assigned for individual study.

Assesment methods and criteria linked to learning outcomes

To be awarded the credit it is necessary to:
- complete all the seminars
- gain from the credit examination at least the classification grade "E"
For the examination:
- the student must gain a minimum classification grade of "E" in the written examination
- the overall classification grade for the student will be taken from the average of the assessment from the credit and written examinations (example: a credit examination graded "A", and examination graded "E", gives a resulting assessment of "C")
- in the event of an inconclusive result of the assessment the student will take a supplementary oral examination

Course curriculum

1. Introduction to the course, definition of main aspects public administration entities (selected accounting entities)
2. – 4. Legal regulation of accounting in selected accounting entities, i.e. government departments, state funds according to budgetary rules, local government bodies, voluntary associations of municipalities, regional cohesion councils, funded organisations and health insurance companies, related terms
5. – 6. Basic economic and accounting categories, statements of selected entities;
7. Fixed assets – classification, valuation, accounting for normal business operations;
8. Inventory – classification, valuation, accounting for normal business operations;
9. Current financial assets – classification, valuation, accounting for normal operations;
10. Sources of financing – classification, valuation, accounting for normal business operations;
11. Revenues and costs – classification, valuation, accounting for normal business operations;
12. Financial statements and statements of selected entities;
13. The use of financial statements for economic management.

Work placements

Not applicable.

Aims

The objective of the course is to gain a knowledge of accounting in the public sector, major differences between accounting of entrepreneurs and selected accounting entities, regulations that accounting entities are obliged to fulfil, accounts from accounts chart designated for selected accounting entities and about its relevance to ensure fulfilling of accounting objectives and about financial statements and operations linked to them in selected accounting entities.
In accordance with acquired knowledge it is also an aim of the course to gain basic skills for the accounting of assets, liabilities, expenses, revenues and profit in selected accounting entities and the skills of financial statement operations, as well as the possibilities of the use of accounting data for management.

Specification of controlled education, way of implementation and compensation for absences

Attendance of students at the seminars will be monitored. Students will be familiarized in the first seminar with the possibility of replacing missed sessions, which will be properly excused in accordance with the instructions of the tutor.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Zákon č. 563/1991 Sb. o účetnictví ve znění pozdějších předpisů
Vyhláška č. 410/2009 Sb., kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů, pro některé vybrané účetní jednotky
České účetní standardy pro některé vybrané účetní jednotky, které vedou účetnictví podle vyhlášky č. 410/2009 Sb.
VODÁKOVÁ, J. aj. Nástroje ekonomického řízení ve veřejném sektoru. 1. vyd. Praha: Wolters Kluwer ČR, a.s., 2013. 207 s. ISBN 978-80-7478-324-1.

Recommended reading

KOLEKTIV AUTORŮ. ÚZ č. 1064 - Účetnictví územních samosprávných celků, organizačních složek státu a příspěvkových organizací. Kontrola. Ostrava: Sagit, 2015. 416 s. ISBN 978-80-7488-092-6.
PROKŮPKOVÁ, D. a M. SVOBODA. Jak číst účetní výkazy vybraných účetních jednotek. 1. vyd. Praha: Wolters Kluwer, 2014. 152 s. ISBN 978-80-7478-522-1.
KRBEČKOVÁ, M. a J. PLESNÍKOVÁ. FKSP sociální fondy, benefity a jiná plnění. 4. vyd. Olomouc: ANAG, 2014. 183 s. ISBN 978-80-7263-865-9.
MÁČE, M., D. PROKŮPKOVÁ a Z. MORÁVEK. Účetnictví pro územní samosprávné celky, příspěvkové organizace a organizační složky státu: aplikace v příkladech. 1. vyd. Praha: Grada, 2012. 632 s. ISBN 978-80-247-3637-2.
VODÁKOVÁ, J. Akruální účetnictví ve veřejném sektoru. 1. vyd. Praha: Wolters Kluwer ČR, a.s., 2012. 191 s. ISBN 978-80-7357-890-9.

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

1. The characteristics of double entry bookkeeping and the identification of fundamental differences the accountancy of entrepreneurs and selected accounting entities
2. The definition of selected accounting entities
3. Legislation for the accounting of selected accounting entities, its significance and basic terminology
4. Acquisition, depreciation and disposal of fixed assets
5. Inventory
6. Budget management, short-term financial assets, short term borrowing
7. Clearing relations
8. Stock, funds, profit, reserves
9. Long-term payables and receivables, final accounts and special clearing
10. Definition and structure of costs and revenues
11. Cut-off entries
12. Financial statements of selected accounting entities
13. Conclusions, examination requirements

Guided consultation in combined form of studies

20 hours, optionally

Teacher / Lecturer

Syllabus

The characteristics of double entry bookkeeping and the identification of fundamental differences between the accountancy of entrepreneurs and selected accounting entities, definition of selected accounting entities
Acquisition, depreciation and disposal of fixed assets
Inventory
Budget management, short-term financial assets, short term borrowing
Clearing relations
Stock, funds, profit, reserves, long-term payables and receivables, final accounts and special clearing
Costs and revenues
Cut-off entries
Financial statements of selected accounting units

Exercise

26 hours, compulsory

Teacher / Lecturer

Syllabus

1. Identification of fundamental differences between the accountancy of entrepreneurs and selected accounting entities, accounts and the fundamentals of accounting on accounts
2. Characteristics of account class 0 and accounting for fixed assets
3. Depreciation and disposal of fixed assets
4. Characteristics of account class 1 and inventory accounting
5. Characteristics of account class 2 and accounting for financial relations in various entities
6. Characteristics of account class 3 and accounting in clearing relationships
7. Characteristics of account class 4 and accounting for their specific features
8. Characteristics of account classes 5 and 6, the admissibility of their use and accounting for income and expenses
9. Characteristics of account class 7 and 8 and accounting possibilities
10. Characteristics of account class 9 and accounting for funds, income, long-term loans and borrowings and reserves
11. Account class 9 as balancing and off-balance sheet accounts, their use in practice
12. Closing the books and producing the financial statements
13. Credit