Accounting

• 26 hrs lectures
• 26 hrs exercises

The objective of the subject is to explain to students in the basic principles of accounting and in the primary interconnections in financial statements that are the key to an understanding of any accounting system.

Students will understand the basic principles of accounting and interconnection in accounting operations and in financial statements. Students will gain the skills of identification of accounting operations and their influence on the items of financial statements, and skills of preparation of financial statements.

Basic general knowledge of business economics.

• BŘEZINOVÁ, H. Rozumíme účetní závěrce podnikatelů. 4. vyd. Praha: Wolters Kluwer, 2020. ISBN 978-80-7598-913-0

Study materials for the lectures are gradually published in the section Teaching texts, materials for exercises in the Current affairs of the subject.

Content of lectures

1. The essence and meaning of accounting, basic principles and methodological tools

2. Balance sheet - balance sheet principle, 4 basic balance sheet changes

3. Costs and revenues, economic results, profit and loss statement

4. Principles of accounting, account, accounting books and other methodological tools

5. Basic accounting procedures for current assets (financial accounts and inventories)

6. Basic accounting procedures in the area of ​​settlement relationships

7. Basic accounting procedures for fixed assets

8. Basic accounting procedures for equity and long-term external resources

9. Overview of costs and revenues, closing work

10. Structure of the financial statement, its publication and audit

11. History of accounting, information technology in accounting

12. Accounting regulation, national and international accounting systems

13. Harmonization of accounting, application of IFRS

UPRAVIT PODLE AKTUALIZOVANÉ CZ VERZE
Content of the course
1. Characteristics of double entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs
2. Balance sheet, balance sheet changes
3. Profit and loss account, creation of profit
4. Fundamentals of bookkeeping, methodological instruments
5. Financial accounts (characteristics, evaluation and accounting for money, short-term loans and short-term securities)
6. Current assets – inventory (characteristics, valuation, accounting)
7. Clearing relations - receivables (especially trade receivables)
8. Clearing relations - payables (especially trade payables and for employees and shareholders)
9. Fixed assets (acquisition, depreciation, elimination)
10. Equity, long-term outside sources (accounting for profit and long-term loans)
11. Costs and revenues (operational and financial)
12. Written test
13. Discussion of test results, consultation of problem areas

Credit: In order to receive credit, it is necessary to fulfill the required participation in the exercises (a maximum of 3 absences are excused). Credit written test at the end of the semester, usually inthe 12 or 13 week. Pass mark 50 % of the point evaluation.

Examination: Written test with closed questions. Pass mark 50 %.
The credit will have a 40 % weighting in the overall course mark while the examination will account for 60 %.

The same conditions apply to the individual study plan, with the exception of the minimum required participation in seminars.

Students' participation in exercises is recorded, a maximum of 3 absences are possible during the semester.

Consultation hours via MS Teams and in person.