Course: Accounting of Financial Institutions

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Course title Accounting of Financial Institutions
Course code UEV/FUFI
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study not specified
Semester Summer
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)
  • Černohorská Liběna, doc. Ing. Ph.D.
  • Svobodová Libuše, Ing. Ph.D.
Course content
Specifics of accounting of financial institutions. Accounting treatment of treasury and interbank transactions. Accounting for active and passive transactions in relation to customers. Accounting for securities transactions. Accounting for tangible and intangible assets. Accounting in foreign branches. Accounting for share capital and capital funds accounts. Accounting for long-term liabilities. Accounting for expenses and income. Use of closing and profit and loss accounts and off-balance sheet accounts including derivative transactions.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Methods of individual activities, Stimulating activities (simulation, games, drama)
  • Contact teaching - 65 hours per semester
  • Preparation for an exam - 26 hours per semester
  • Home preparation for classes - 26 hours per semester
  • Preparation for a credit (assessment) - 33 hours per semester
Learning outcomes
The aim of the course is to understand the specifics of double-entry accounting in the conditions of financial institutions, orientation in the financial statements of these institutions.
A student who has successfully completed the course can: explain the differences in accounting for financial institutions; characterise the content of the various accounts of financial institutions; characterise the nature of the various items on the balance sheet and profit and loss account of financial institutions. A student who has successfully completed the course will be able to: orient themselves in the various problem areas of financial institution accounting; account for cash transactions, foreign currency transactions, deposits with the central bank and other banks, credit accounts of other banks; account for deposit and credit transactions from bank customers; accounting for selected securities transactions; accounting for transactions in tangible and intangible assets; accounting for cost and revenue transactions; close the accounts and prepare the financial statements. Interpret financial institution accounting outputs in a comprehensible manner; decide on the valuation and accounting treatment of typical situations in the accounting for assets, liabilities and capital in the context of financial institutions. A student who has successfully completed the course is able to: incorporate a consideration of the accounting dimension of problems into problem solving; communicate clearly and persuasively to professionals and laypersons the nature of technical problems in the accounting of financial institutions.
Prerequisites
Basic knowledge of accounting methodology.

Assessment methods and criteria
Oral examination, Written examination, Student performance assessment

Credit: - Active participation in the exercises Examination: - writtten, oral
Recommended literature
  • BALOUŠEK, R. a kol. Podvojné účetnictví bank. Praha, 2007.
  • DVOŘÁKOVÁ, D. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. Brno, 2011.
  • KUBÍČKOVÁ, D. Účetní systémy. Praha, 2010.
  • PILÁTOVÁ, J. Zákon o účetnictví s komentářem. Praha. 2017.
  • SKÁLOVÁ, J. Podvojné účetnictví. Praha. 2011.


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