117-0566/01 – Fundamentals of Accounting (FA)
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 | 2 | Semester | summer |
| | Study language | English |
Year of introduction | 2011/2012 | Year of cancellation | 2019/2020 |
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 course focuses on explaining the basics of accounting and technical accounting terminology in English.
Compulsory literature:
ACCOUNTING LEGISLATION IN 2012. Accounting Act, Decree on Double-Entry Accounting, Czech Accounting Standards, Act on Auditors. Prague: Trade Links, 2012. 459 p.
Recommended literature:
CZECH TAXATION IN 2012. Volume I. Income Taxes, Reserves, Valuation, Investment Incentives. Prague: Trade Links, 2012. 426 p.
Way of continuous check of knowledge in the course of semester
Seminar work,Tests,Consultations.
E-learning
Other requirements
Additional requirements for the student to be determined.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
Course outline:
1. Accounting system
2. Accounting concepts
3. Long-term tangible and intangible assets
4. Depreciation and amortization of long-term assets
5. Inventories
6. Cash, bank accounts, deposits, cash equivalents
7. Receivables
8. Equity and Liabilities
9. Sales (revenues) and Income, expenses (cost)
10. Primary financial statements
11. Primary financial statements
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction