| Course title | Financial Accounting |
|---|---|
| Course code | UPEM/PFIU |
| Organizational form of instruction | Lecture + Tutorial |
| Level of course | Master |
| Year of study | not specified |
| Semester | Winter |
| Number of ECTS credits | 5 |
| Language of instruction | Czech |
| Status of course | unspecified |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
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| Course content |
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Aims of financial accounting and its harmonisation. IASB framework for financial statements. Accounting principles and its application with the accent put on evaluation. Inventories. Long-term tangible assets. Intangible assets. Financial instruments - selected issues. Equity and selected aspects of its record. Liabilities, provisions and contingent liabilities. Income, expense, profit or loss. Operating segments. Effects of changes in exchange rates. Government grants. Leases. Interim financial reporting. Consolidated statements.
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| Learning activities and teaching methods |
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Methods of individual activities, Skills training
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| Learning outcomes |
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The aim of the course is to acquaint the students with the picture of accounting at the contemporary level of its development. The accent is put on the ability to use accounting data in the company management, understand its information values recorded in financial statements in compliance with generally accepted accounting principles and conception of accounting according to IFRS.
Students will be able to use theoretical knowledge in the sphere of accounting as well as in all related spheres, furthermore, they will be able to compare the Czech accounting system with IFRS, know how to select appropriate methods in order to solve single accounting transactions, present its impact on specialists and laics and defend its solutions with adequate arguments. |
| Prerequisites |
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The course assumes basic knowledge of double entry bookkeeping at the undergraduate level, including the framework knowledge of Czech accounting legislation. The advantage is the knowledge of Czech commercial law at undergraduate level of economic fields of study.
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| Assessment methods and criteria |
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Oral examination, Written examination, Student performance assessment, Discussion
The assignment is granted upon completion of the following conditions: attendance at seminars, passing the written test (it examines the ability to solve selected problems of double-entry accounting and to determine its practical impact on statement of balance). The examination is written (the first term), resp. oral (next terms). It examines the ability to interpret selected accounting transactions in contexture as well as the ability to discuss financial accounting at professional level. |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester | |
|---|---|---|---|---|
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics of Public Sector (2016) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Enterprise Management (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Insurance Engineering (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional Development (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional and Information Management (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional Development (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Insurance Engineering (2014) | Category: Economy | 2 | Recommended year of study:2, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Insurance Engineering (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics of Public Sector (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics of Public Sector (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional and Information Management (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Enterprise Management (2015) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional Development (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional Development (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Enterprise Management (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |