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.

1. The essence and meaning of accounting, Assets and liabilities, balance sheet 

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

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

4. Basic accounting procedures on financial accounts 

5. Accounting for stocks by method A and B 

6. Settlement relations - receivables and liabilities 

7. Accounting procedures for fixed assets 

8. Equity and long-term foreign resources 

9. Overview of costs and revenues, closing work 

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

11. History of accounting and information technology processing 

12. Accounting regulation, national and international accounting systems 

13. Harmonization of accounting, application of IFRS

1. Organizational matters, links between financial statements

2. Assets and liabilities, balance principle and balance sheet

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

4. Accounting documents, accounting principles, account, accounting books

5. Basic accounting operations and procedures

6. Accounting for cash and short-term loans

7. Procedures in the field of settlement relations (receivables and liabilities)

8. Two basic methods of inventory accounting

9. Basic accounting procedures for fixed assets

10. Procedures for accounting for equity and long-term external resources

11. Closing accounts and drawing up financial statements

12. Final written work (comprehensive example)

13. Discussion of 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.