117-0567/03 – Fundamentals of Accounting and Taxes (FAD)

Gurantor departmentDepartment of Accounting and TaxesCredits5
Subject guarantorIng. Jana Hakalová, Ph.D.Subject version guarantorIng. Jana Hakalová, Ph.D.
Study levelundergraduate or graduate
Study languageEnglish
Year of introduction2018/2019Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HAK30 Ing. Jana Hakalová, Ph.D.
RAN03 Ing. Kateřina Krzikallová, Ph.D.
PAL36 Ing. Marcela Palochová, Ph.D.
PS150 Ing. Yvetta Pšenková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2

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 to explain the fundamentals of accounting and taxation of business entities according to the applicable legal regulations in the Czech Republic in English. Student should acquire knowledge in English from professional accounting and tax issues and should be able to use and apply the given professional terminology in English language.

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

Další požadavky na studenta

Additional requirements for the student to be determined.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Framework syllabus of lectures: 1. Introduction to accounting (importance, function, legal framework, the accounting rules and principles, methodological and control elements of accounting, chart of accounts and others). 2. Long-term intangible and tangible assets (characteristics, valuation, depreciation, the ways of accounting including tax perspective). 3. Long-term financial assets (characteristics, valuation, the ways of accounting and others). 4. Inventories (characteristics, valuation, the ways of accounting and others). 5. Short-term financial assets and cash (characteristics, valuation, the ways of accounting and others). 6. Clearing relations (characteristics and ways of accounting of specific issues including accounting of taxes and others). 7. Capital accounts and long term liabilities (characteristics and the ways of accounting of specific issues and others). 8. Expenses and revenues including tax aspects, determination of profit before tax and after tax, determination of tax base, its adjustment according to the Income Tax Act and accounting of income tax due. 9. Closing and off-balance sheet accounts and the procedure for the financial statements at the end of the accounting period. 10. Financial statements and annual report. 11. Audit of the financial statements and annual report by the auditor including disclosure.

Conditions for subject completion

Full-time form (validity from: 2018/2019 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 40 (40) 21
                Exercises Evaluation Written test 40  21
        Examination Examination 60  30
Mandatory attendence parzicipation: Min. 75 % Attendance at Seminars.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2019/2020 (B6208) Economics and Management (6202R049) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory study plan
2018/2019 (B6208) Economics and Management (6202R049) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory study plan
2018/2019 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner