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

Gurantor departmentDepartment of Accounting and TaxesCredits5
Subject guarantorIng. Kateřina Krzikallová, Ph.D.Subject version guarantorIng. Kateřina Krzikallová, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Year2Semestersummer
Study languageEnglish
Year of introduction2018/2019Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
RAN03 Ing. Kateřina Krzikallová, 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. Emphasize the importance of accounting as the enterprise financial management tool. 2. Feature the importance of accounting procedures in individual areas of accounting. 3. Explain the differences of accounting and tax conception of costs and revenues. 4. Clarify the connection and the impact of accounting operation to disclosed financial statements. 5. Explain the basic principles of taxation in the conditions of the Czech Republic. 6. Introduce tools for tax harmonization and cooperation within the European Union.

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 of the Czech Republic and European Union 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 the English language.

Compulsory literature:

HAKALOVÁ, Jana, KRAJŇÁK, Michal, KRYŠKOVÁ, Šárka, LOSOVÁ, Miroslava, PALOCHOVÁ, Marcela a Yvetta PŠENKOVÁ. Účetnictví, audit, daně a pojistné v České republice v pojmech: česko-anglicky. Brno: Tribun EU, s.r.o., 2021. 100 s. ISBN 978-80-263-1627-5. ŠIROKÝ, Jan, KRZIKALLOVÁ, Kateřina and Michal KRAJŇÁK. Trend, Development, Role and Importance of Personal Income Tax in the EU. Brno: CERM, 2020. 116 s. ISBN 978-80-7623-037-8. ŠIROKÝ, Jan, KRAJŇÁK Michal a Kateřina KRZIKALLOVÁ. Trend, Development, Role and Importance of Social Security Contributions in the EU. Brno: Akademické nakladatelství CERM, 2019. ISBN 978-80-7623-006-4.

Recommended literature:

ALVARADO, Mery, et al., ed. European Tax Handbook 2021. 32nd ed. Amsterdam: IBFD, 2021. 1 340 s. ISBN 978-90-8722-690-9. HASHIMZADE, Nigar and Yuliya EPIFANTSEVA, ed. The Routledge Companion to Tax Avoidance Research. London: Routledge, Taylor & Francis Group, 2018. 476 s. ISBN 978-1-138-94134-2. ŠIROKÝ, Jan, Regína STŘÍLKOVÁ a Michal KRAJŇÁK. Trend, Development, Role and Importance of Corporate Taxes in the EU. Brno: CERM, 2016. 109 s. ISBN 978-80-7204-940-0.

Way of continuous check of knowledge in the course of semester

Credit – presentation on chosen tax or accounting topic Exam - written test

E-learning

Credit – presentation by MS Teams on chosen tax or accounting topic Exam - test in LMS Moodle

Other requirements

Other requirements for the student have not been determined. Indirect teaching will be realized in the form of self-study.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to accounting (importance, function, legal framework, the accounting rules and principles, methodological and control elements of accounting, accounting documents, accounting books, accounting methods, chart of accounts). 2. Long-term intangible and tangible assets (characteristics, valuation, depreciation, accounting procedures including tax perspective). 3. Long-term financial assets (characteristics, valuation and accounting procedures). 4. Inventories (characteristics, valuation and accounting procedures). 5. Short-term financial assets and cash (characteristics, valuation and accounting procedures). 6. Clearing relations, capital accounts and long term liabilities (characteristics and accounting procedures of specific issues). 7. 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. 8. Closing and off-balance sheet accounts and the procedure for the financial statements at the end of the accounting period. Financial statements and annual report. Audit. 9. Introduction to taxation, principles, examples. 10. Tax system and legislation of the Czech Republic. 11. Tax harmonization and cooperation within the European Union. 12. Direct taxes: Corporate Income Tax and Personal Income tax (taxpayers, construction of tax base, exemptions and calculation of tax liability) 13. Indirect taxes: Value Added Tax, Excise Duties and Energy Taxes (taxpayers, subject to tax, rates, tax exemptions, calculation of tax liability). 14. Principles of international taxation.

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 pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 40 (40) 21
                Exercises Evaluation Written test 40  21 2
        Examination Examination 60  30 3
Mandatory attendence participation: Min. 75 % attendance at Seminars.

Show history

Conditions for subject completion and attendance at the exercises within ISP: min. 60% attendance at seminars

Show history

Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2024/2025 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Choice-compulsory type B study plan
2024/2025 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2024/2025 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan
2024/2025 (B0413A050047) Business Administration P English Ostrava 2 Compulsory study plan
2023/2024 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2023/2024 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Choice-compulsory type B study plan
2023/2024 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2023/2024 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan
2023/2024 (B0413A050047) Business Administration P English Ostrava 2 Compulsory study plan
2022/2023 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2022/2023 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Choice-compulsory type B study plan
2022/2023 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2022/2023 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan
2022/2023 (B0413A050047) Business Administration P English Ostrava 2 Compulsory study plan
2021/2022 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Choice-compulsory type B study plan
2021/2022 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2021/2022 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2021/2022 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Choice-compulsory type B study plan
2020/2021 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 2 Compulsory study plan
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
2019/2020 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2019/2020 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2019/2020 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B 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
Incoming students- BS 2024/2025 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students- BS 2023/2024 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming students- BS 2022/2023 Full-time English Choice-compulsory 163 - International Office stu. block

Assessment of instruction



2022/2023 Summer