Course: Financial Accounting 1

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Course title Financial Accounting 1
Course code MUFU/1FUC1
Organizational form of instruction Lecture + Lesson
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 5
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Otrusinová Milana, Ing. Ph.D.
  • Kirschnerová Pavlína, Ing. Ph.D.
  • Szabó Filip, Ing.
  • Svitáková Bohumila, Ing. Ph.D.
Course content
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.

Learning activities and teaching methods
Lecturing, Monologic (Exposition, lecture, briefing), Dialogic (Discussion, conversation, brainstorming), Methods for working with texts (Textbook, book), Practice exercises, Analysis of a presentation
  • Home preparation for classes - 25 hours per semester
  • Preparation for course credit - 30 hours per semester
  • Preparation for examination - 40 hours per semester
  • Participation in classes - 52 hours per semester
prerequisite
Knowledge
Knowledge of the course Basics of Accounting
Knowledge of the course Basics of Accounting
learning outcomes
accounting principles, methods and principles of accounting operations
accounting principles, methods and principles of accounting operations
the subject matter of accounting, specifically the characteristics of all parts of assets, liabilities, expenses and income
the subject matter of accounting, specifically the characteristics of all parts of assets, liabilities, expenses and income
valuation of assets and liabilities
valuation of assets and liabilities
accruals
accruals
closing operations
closing operations
accounting closing operations
accounting closing operations
the balance sheet and profit and loss account in their entirety
the balance sheet and profit and loss account in their entirety
Skills
account for major accounting transactions, including accruals
account for major accounting transactions, including accruals
apply methods of valuation of assets and liabilities in accounting transactions
apply methods of valuation of assets and liabilities in accounting transactions
apply accounting thinking to analyse the effect of specific economic transactions on the balance sheet principle and the profit or loss
apply accounting thinking to analyse the effect of specific economic transactions on the balance sheet principle and the profit or loss
account for closing transactions
account for closing transactions
independently prepare a full balance sheet and profit and loss account
independently prepare a full balance sheet and profit and loss account
teaching methods
Knowledge
Monologic (Exposition, lecture, briefing)
Lecturing
Dialogic (Discussion, conversation, brainstorming)
Dialogic (Discussion, conversation, brainstorming)
Analysis of a presentation
Analysis of a presentation
Practice exercises
Practice exercises
Monologic (Exposition, lecture, briefing)
Lecturing
Methods for working with texts (Textbook, book)
Methods for working with texts (Textbook, book)
assessment methods
Written examination
Written examination
Grade (Using a grade system)
Grade (Using a grade system)
Recommended literature
  • České účetní standardy pro účetní jednotky, které účtují podle vyhlášky č. 500/2002 Sb., ve znění pozdějších předpisů.
  • Vyhláška č. 500/2002 Sb., kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, pro účetní jednotky, které jsou podnikateli účtujícími v soustavě podvojného účetnictví, ve znění pozdějších předpisů.
  • Zákon č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů.
  • BŘEZINOVÁ, H. Rozumíme účetní závěrce podnikatelů. 2. vydání.. Praha: Wolters Kluwer, 2017. ISBN 978-80-7552-603-8.
  • HRUŠKA, Vladimír. Účetní případy pro praxi 2022. Praha: Grada Publishing, 2022. ISBN 978-80-271-3596-7.
  • Kolektiv autorů. Účetnictví podnikatelů 2022. Praha: Wolters Kluwer, 2022. ISBN 978-80-7676-351-7.
  • KOVANICOVÁ, Dana. Abeceda účetních znalostí pro každého. Praha: Polygon, 2012. ISBN 978-80-7273-169-5.
  • OTRUSINOVÁ, Milana, HÝBLOVÁ, Eva a Karel ŠTEKER. Základy účetnictví v příkladech. Studijní pomůcka pro distanční studium. UTB ve Zlíně, 2009. ISBN 978-80-7318-795-8.
  • SKÁLOVÁ, Jana a Anna SUKOVÁ a kol. Podvojné účetnictví 2022. Praha: Grada Publishing, 2022. ISBN 978-80-271-3595-0.
  • ŠTEKER, Karel a Milana OTRUSINOVÁ. Jak číst účetní výkazy. Základy českého účetnictví a výkaznictví. Praha: GRADA, 2021. ISBN 978-80-271-3184-6.
  • ŠTEKER, Karel, OTRUSINOVÁ, Milana, SVITÁKOVÁ, Bohumila a Zuzana CRHOVÁ. Příklady z finančního účetnictví I. Studijní pomůcka pro distanční studium. Zlín, 2016.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester