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Lecturer(s)
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Paseková Marie, doc. Ing. Ph.D.
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Course content
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- The importance and function of IFRS, approaches to accounting used in the world, national accounting systems in selected countries with regard to the impact on International accounting. - Harmonisation principles and possible approaches to accounting regulation (IFRS, US GAAP, IPSAS, EU directives and Czech accounting legislation). Development of accounting harmonisation worldwide and expected development of Czech accounting legislation in relation to international harmonisation. - The Conceptual Framework for financial reporting under IFRS, IPSAS and US GAAP. - Financial statements under IFRS, IPSAS, and US GAAP and its arrangements.
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Learning activities and teaching methods
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Lecturing
- Participation in classes
- 20 hours per semester
- Term paper
- 80 hours per semester
- Home preparation for classes
- 100 hours per semester
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| prerequisite |
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| Knowledge |
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| Knowledge of accounting |
| Knowledge of accounting |
| learning outcomes |
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| Student will gain broader knowledge about international accounting and principles of accounting harmonization. He will learn to utilize the findings in distinguishing specific accounting approaches through their application. |
| Student will gain broader knowledge about international accounting and principles of accounting harmonization. He will learn to utilize the findings in distinguishing specific accounting approaches through their application. |
| Characterize the structure and content of financial statements Define non-current assets held for sale and investment property Characterize financial assets and financial liabilities Explain the process of business combinations and clarify their specifics Explain the consolidation process |
| Characterize the structure and content of financial statements Define non-current assets held for sale and investment property Characterize financial assets and financial liabilities Explain the process of business combinations and clarify their specifics Explain the consolidation process |
| unspecified |
| unspecified |
| Student získá širší znalosti o mezinárodním účetnictví a principech harmonizace účetnictví. Naučí se využívat poznatky při rozlišování konkrétních účetních přístupů prostřednictvím jejich aplikace. Charakterizujte strukturu a obsah účetní závěrky. Definujte dlouhodobá aktiva držená k prodeji a investice do nemovitostí. Charakterizujte finanční aktiva a finanční závazky. Vysvětlit proces podnikových kombinací a objasnit jejich specifika Vysvětlit legislativu procesu konsolidace. |
| Student získá širší znalosti o mezinárodním účetnictví a principech harmonizace účetnictví. Naučí se využívat poznatky při rozlišování konkrétních účetních přístupů prostřednictvím jejich aplikace. Charakterizujte strukturu a obsah účetní závěrky. Definujte dlouhodobá aktiva držená k prodeji a investice do nemovitostí. Charakterizujte finanční aktiva a finanční závazky. Vysvětlit proces podnikových kombinací a objasnit jejich specifika Vysvětlit legislativu procesu konsolidace. |
| Skills |
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| Prepare a statement of cash flows using the indirect method Calculate and post deferred tax Calculate the amount of capitalized interest Familiarize yourself with revenue recognition methods for accounting and reporting long-term contracts Describe the revaluation method and the current rate method |
| Prepare a statement of cash flows using the indirect method Calculate and post deferred tax Calculate the amount of capitalized interest Familiarize yourself with revenue recognition methods for accounting and reporting long-term contracts Describe the revaluation method and the current rate method |
| unspecified |
| unspecified |
| teaching methods |
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| Knowledge |
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| Lecturing |
| Lecturing |
| assessment methods |
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| Composite examination (Written part + oral part) |
| Composite examination (Written part + oral part) |
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Recommended literature
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International Financial Reporting Standards (IFRS). Wiley-VCH, 2018. ISBN 978-3-527-50954-6.
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HERMANSON, R. H., EDWARDS, J. D. Financial Accounting: A Business Perspective. 7th Edition. Boston: Mcgraw-Hill College, 2000. ISBN 0256247382.
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MIRZA, A. A.,? HOLT, G.,? KNORR, L. Wiley IFRS: Practical Implementation Guide and Workbook. 3rd Edition. Wiley Regulatory Reporting, 2011. ISBN 978-0470647912.
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PACTER, P. Pocket Guide to IFRS? Standards - the global financial reporting language. IFRS Foundation, 2017. ISBN 978-1-911040-49-1.
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PKF International Ltd. Wiley IFRS 2017: Interpretation and Application of IFRS Standards. John Wiley & Sons, Ltd. Print, 2017. ISBN 9781119340225.
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WILD, J. J. Financial accounting: information for decisions. 4th Edition. Boston: McGraw-Hill, 2008. ISBN 0-07-304375-3.
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