117-0434/01 – Accounting and Tax (ÚD)
| Gurantor department | Department of Accounting and Taxes | Credits | 5 |
| Subject guarantor | Ing. Jana Hakalová, Ph.D. | Subject version guarantor | Ing. Jana Hakalová, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | winter |
| | Study language | Czech |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
1. To emphasize the importance of accounting as the enterprise financial
management tool.
2. To feature the importance of accounting operation in individual areas of
accounting.
3. To explain the differences of accounting and tax conception of costs and
revenues.
4. To clarify the connection and the impact of accounting operation to disclosed financial statements.
Teaching methods
Lectures
Tutorials
Summary
The aim of the course is an explanation of importance of accounting as a tool for presentation and understanding of the crucial property and capital operations and financial situation of the business entities. The course introduces students the issue of accounting in the all accounting classes with focus on explanation and understanding of specific areas of accounting and taxes of business entities.
Compulsory literature:
Recommended literature:
International Financial Reporting Standards 2010. International Accounting Standards Board. London, 2009.
WEYGANDT, Jerry, KIMMEL, Paul and Donald KIESO. Financial Accounting: IFRS Edition. John Wiley&Sons. 2010. 848 p. ISBN 13978-0470-55200-1.
Way of continuous check of knowledge in the course of semester
Credit and exam
E-learning
Other requirements
Other specific requirements are not.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
Framework syllabus of the course:
1. Introduction to accounting (importance, function, legal framework, accounting policies and principles, methodical and control elements of accounting, accounting books, method of bookkeeping, and chart of accounts, and others).
2. Long-term intangible and tangible assets (characteristics, valuation, depreciation, the methods of bookkeeping including tax perspective, and others).
3. Long-term financial assets (characteristics, valuation, the methods of bookkeeping, and others).
4. Inventory (characteristics, valuation, the methods of bookkeeping, and others).
5. Short-term financial assets and cash (characteristics, valuation, the methods of bookkeeping, and others).
6. Accounting relations (characteristics and methods of accounting for specifics cases including accounting of taxes and others).
7. Capital accounts and long term payables (characteristics, the methods of accounting of special cases, and others).
8. Expenses and revenues including tax point of view, finding of profit before and after taxation, determination of tax base, its adjustment according to the Income tax law and accounting of income tax due.
9. Closing and off-balance sheet accounts and the procedure of the closure of the accounts in the end of the accounting period.
10. Financial statements and annual report.
11. Verification of financial statements and annual report by the auditor including publication.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction