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Lecturer(s)
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Sklenár Roman, Ing. Ph.D.
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Course content
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Introduction to Financial Accounting. Importance and the functions of Accounting. - Long-term tangible and intangible assets. Definition. Elements. Valuation. Acquisition of long-term assets. Depreciation. Disposal. - Inventory. Definition. Valuation. Acquisition of inventory. Consumption. Examples of booking. - Financial assets. Cash and cash equivalents. Definition. Examples of booking. Forms and resources of short-term financing. System of payments. - Receivables and Payables. Definition. Classification. Special forms. Examples of booking. - Equity. Definition. Changes in equity. Settlement/distribution of current year financial result. - Debts. Definition. Function of debts from the financial control point of view. Basic introduction to debts. Provisions. Costs and revenues. Accrual basis. Foreign exchange differences. Accrued and deferred costs and revenues. - Closing of accounts. Stock counts and booking of stock count results. EBT transformation to tax base. Deferred tax. Closing of books. Preparation of financial statements - balance sheet, income statement, notes to the statements. Table of movements of equity. - Accounting reform and specificity of state accounting.
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Learning activities and teaching methods
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Lecturing, Monologic (Exposition, lecture, briefing), Dialogic (Discussion, conversation, brainstorming), Methods for working with texts (Textbook, book), Practice exercises
- Home preparation for classes
- 25 hours per semester
- Participation in classes
- 52 hours per semester
- Preparation for course credit
- 30 hours per semester
- Preparation for examination
- 40 hours per semester
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| prerequisite |
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| Knowledge |
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| Knowledge of the course Basics of Accounting |
| Knowledge of the course Basics of Accounting |
| learning outcomes |
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| After passing this course students shall be able to apply the accounting knowledge during the analysis of concrete economical transactions on value parameters of companies (assets, liabilities, equity, costs, and revenues). As well as they will be able to understand the financial statements. |
| After passing this course students shall be able to apply the accounting knowledge during the analysis of concrete economical transactions on value parameters of companies (assets, liabilities, equity, costs, and revenues). As well as they will be able to understand the financial statements. |
| define the aim of accounting |
| define the aim of accounting |
| explain the accounting principles |
| explain the accounting principles |
| characterize financial statements |
| characterize financial statements |
| define the elements of financial statements |
| define the elements of financial statements |
| describe basic economic operations |
| describe basic economic operations |
| Skills |
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| After passing this course students shall be able to apply the accounting knowledge during the analysis of concrete economical transactions on value parameters of companies (assets, liabilities, equity, costs, and revenues). As well as they will be able to understand the financial statements. |
| After passing this course students shall be able to apply the accounting knowledge during the analysis of concrete economical transactions on value parameters of companies (assets, liabilities, equity, costs, and revenues). As well as they will be able to understand the financial statements. |
| analyze economic operations affecting the balance sheet principle |
| analyze economic operations affecting the balance sheet principle |
| analyze economic operations affecting the economic result |
| analyze economic operations affecting the economic result |
| account for basic economic operations |
| account for basic economic operations |
| perform the accounting closing steps |
| perform the accounting closing steps |
| prepare financial statements |
| prepare financial statements |
| define long-term and short-term assets and their components analyze accounting operations explain the breakdown of revenues and revenues in relation to determining the economic result explain the accounting of expenses and revenues and their effect on financial statements |
| define long-term and short-term assets and their components analyze accounting operations explain the breakdown of revenues and revenues in relation to determining the economic result explain the accounting of expenses and revenues and their effect on financial statements |
| teaching methods |
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| Knowledge |
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| Lecturing |
| Monologic (Exposition, lecture, briefing) |
| Monologic (Exposition, lecture, briefing) |
| Dialogic (Discussion, conversation, brainstorming) |
| Dialogic (Discussion, conversation, brainstorming) |
| Lecturing |
| Practice exercises |
| Practice exercises |
| Methods for working with texts (Textbook, book) |
| Methods for working with texts (Textbook, book) |
| assessment methods |
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| Grade (Using a grade system) |
| Written examination |
| Written examination |
| Grade (Using a grade system) |
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Recommended literature
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EDMOMDS, T., McNAIR, F., EDWARD, E., EDMONDS, C. Fundamental Financial Accounting Concepts. 9th edition. New York: McGraw-Hill Irwin, 2015. ISBN 978-0078025907.
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HERMANSON, R. H., EDWARDS, J. D. Financial Accounting a Business Perspective.7 th edition. New York: McGraw-Hill Irwin, 2002. ISBN 978-0072289985.
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PASEKOVÁ, M. Accounting in English. Studijní text. Zlín: UTB, 2011.
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WERNER, M., JONES, K. Introduction to Financial Accounting a User Perspective. New Jersey: Pearson Prentice Hall Education, 2004. ISBN 0-13-032759-X.
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WILD, J. J. Financial Accounting. Information for Decisions. 8th edition. New York: McGraw-Hill Irwin, 2013. ISBN 978-1259533006.
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