Course detail

Accounting

FP-ucePAcad. year: 2019/2020

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

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Learning outcomes of the course unit

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.

Prerequisites

Basic general knowledge of business economics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

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

Assesment methods and criteria linked to learning outcomes

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 %.

Course curriculum

Content of the course
In this course, students become familiar with the general characteristics of accounting, its methodological tools and legal regulations. The main attention is paid to the contents of the financial statements, the links between individual statements and the use of published accounting information in the financial management of the company.
1. Characteristics of double-entry bookkeeping, main principals.
2. Balance sheet, 4 main 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

Not applicable.

Aims

The objective of the subject is to explain to 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.

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

Student´s participation on seminar is monitored.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

ÚZ č. 1568 Účetnictví podnikatelů, Audit, 2024.Vyd. Sagit, 2024. ISBN: 978-80-7488-448-1 (CS)

Recommended reading

Not applicable.

eLearning

Classification of course in study plans

  • Programme BAK-UAD Bachelor's, 1. year of study, summer semester, compulsory
  • Programme BAK-EP Bachelor's, 1. year of study, summer semester, compulsory

  • Programme BAK Bachelor's

    branch BAK-UAD-D , 1. year of study, summer semester, compulsory
    branch BAK-EP , 1. year of study, summer semester, compulsory
    branch BAK-EPM , 1. year of study, summer semester, compulsory

  • Programme BAK-MIn Bachelor's

    branch BAK-MIn , 1. year of study, summer semester, compulsory

  • Programme BIT Bachelor's, 2. year of study, summer semester, elective

  • Programme IT-BC-3 Bachelor's

    branch BIT , 2. year of study, summer semester, elective

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

Content of the lectures
1. Characteristics of double entry bookkeeping, main principles a methods
2. Balance sheet 4 main balance sheet changes
3. Costs and revenues, profit and loss statement
4. Fundamentals of bookkeeping, account, G/L and Journal, methodological instruments
5. Current assets - financial accounts and inventory
6. Current assets – receivables and short term payables
7. Clearing relations - fixed assets
8. Clearing relations - equity and long term loans
9. Overview of costs and revenues, closing of accounts
10. Structure of financial statements, dsclosure and audit
11. History of accounting, IT in bookkeeping transactions
12. Regulation of accounting, national and international reporting systems
13. Harmonization of accounting across the world, application of IFRS and US GAAP

Exercise

26 hours, compulsory

Teacher / Lecturer

Syllabus

Content of the course
1. Organizational matters, financial statements.
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 and short term paybles.
8. Clearing relations - fixed assets.
9. Equity, long-termexternal sources.
10. Overview of costs and revenues, closing accounts
11. Financial statements, disclosure and audit.
12. Written test
13. Discussion about results, consultation of problems.

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