117-0310/05 – Accounting of Business Companies (ÚOS)
| Gurantor department | Department of Accounting and Taxes | Credits | 5 |
| Subject guarantor | doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M. | Subject version guarantor | doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 2 | Semester | winter |
| | Study language | Czech |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
1. To emphasize the connection of accounting, business and tax legislation in
establishing the business company and at capital operations.
2. To clarify the substance of equity accounting operations in business entities.
3. To explain the importance and accounting of securities and shares in business
entities.
5. To emphasize the differences of determination the financial result and its
distribution according to individual forms of business entities.
Teaching methods
Lectures
Tutorials
Teaching by an expert (lecture or tutorial)
Summary
The aim of the course is to provide comprehensive accounting solutions for cases involving significant ownership operations with the business as a whole, focusing on acquisitions and mergers. The emphasis is placed on the clarification of basic terminology, the projection of fundamental business-legal conditions and principles of valuation of assets and liabilities into the accounting of the involved persons including tax effects arising from ownership operations.
Compulsory literature:
Recommended literature:
ACCOUNTING LEGISLATION IN 2011(2012). Accounting Act, Decree on Double-Entry Accounting, Czech Accounting Standards, Act on Auditors. Prague: Trade Links, 2011. 446 p.
Additional study materials
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
Other specific requirements are not.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. The nature and characteristics of ownership operations.
2. Valuation in transaction with business.
3. Accounting principles, financial statements, opening balance sheets and audits in transactions with business.
4. Acquisition (contribution, purchase of a business) - legal, accounting and tax aspects.
5. Mergers of business companies, eventually other forms of business companies’ transformation (transfer of assets to the partner, splitting). Common legal, accounting and tax base and differences of particular forms of transformations.
6. Change of legal form as a necessary operation for mergers of capital and private companies.
7. Case studies, practical applications of operations with business.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction