634-3019/01 – Financial Accounting of Industrial Enterprise II (FUPP II)

Gurantor departmentDepartment of Economics and Management in IndustryCredits6
Subject guarantorprof. Ing. Jana Buchtová, CSc.Subject version guarantorprof. Ing. Jana Buchtová, CSc.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesFMTIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
BUH50 prof. Ing. Jana Buchtová, CSc.
LEN36 prof. Ing. Radim Lenort, Ph.D.
NEM0082 Ing. Tomáš Němec
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+3
Part-time Credit and Examination 18+0

Subject aims expressed by acquired skills and competences

The student will know the double-entry accounting system for industrial enterprise, he will know the basic principles about IAS/IFRS and US GAAP. He will know accounting system about tangible and intangible fixed assets, financial assets, inventories, debtors and creditors, capital stock, expenses, revenues and income. He can used it in economic decision making in his practice in industrial enteprises.

Teaching methods

Lectures
Tutorials
Project work

Summary

The Financial Accounting of Industrial Enterprise II is teaching the students the system of double-entry bookkeeping in industrial enterpise, i.e. to charge about tangible and intangible fixed assets, inventories, debtors and creditors, capital stock, expenses, revenues and income. There are explaind the specific of given problematic, i.e. how to acces to appreciate of assets and liabilities, adjustment of values of assets, deferred tax not only of position of financial accounting, but also of position of taxation law. There are also explained the principles of consolidate balance sheet and income statement. The students will used basic informations about IAS/IFRS and US GAAP.

Compulsory literature:

MLÁDEK, R. IFRS and US GAAP: accounting policies and procedures. Praha: Leges, 2017, ISBN 978-80-7502-194-6. KIMMEL P. D., WEYGANDT J. J., KIESO D. E. Financial Accounting: Tools for Business Decision Making. 6nd. New Jersey: John Wiley & Sons, 2010, ISBN 9780470534779.

Recommended literature:

ROBERTS, C., WEETMANN, P., GORDON, P. International Financial Accounting: A Comparative Approach. Pearson Education, 2002. International Financial Reporting Standards (IAS/IFRS.

Way of continuous check of knowledge in the course of semester

Písemná a ústní zkouška. Kontrolní testy, zpracování programů - vypracování zadaných příkladů z jednotlivých tematických bloků.

E-learning

Integrovaný systém modulární počítačové podpory výuky ekonomicko-technického zaměření (http://lms.vsb.cz): - Vzdělávací modul 6 – Finančně-ekonomická analýza a rozhodování: submodul Využití Money S3 ve finančním účetnictví. - SIKOROVÁ, A. Informační podpora finančního účetnictví. Studijní opory. Ostrava: VŠB-TU Ostrava, 2015. BUCHTOVÁ, J. Finanční účetnictví aktualizace, studijní opora. Ostrava: VŠB - Technická univerzita Ostrava, 2015. BUCHTOVÁ, J. Příklady z finančního účetnictví průmyslového podniku, studijní opora. Ostrava: VŠB – Technická univerzita Ostrava, 2018.

Other requirements

Control tests, programs - making assigned exercieses from particulare thematic themes.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Problematic of financial accounting of industrial enterprise: 1. Tangible and intangible fixed assets, special operations. 2. Inventories, work-in-progress and semi-finished products, finished products, valuation. 3. Long-term financial assets. 4. Short-term financial assets. 5. Debtors and creditors, special operations. 6. Principle of prudence. 7. Accruals and deferrals. 8. Operatins in foreign currency. 9. Operation with capital stock, long-term investments. 10. Provisions. 11. Expenses, revenues and income, accruals and deferrals. 12. Income tax payable and deferred. 13. Consolidated balance sheet and income statement. 14. The basic informations of IAS/IFRS and US GAAP.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter 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 20  12
        Examination Examination 80  31
Mandatory attendence parzicipation: 80% attendance at seminars

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (N0413A270002) Quolity Management and Control of Industrial Systems (S02) Economics and Management in Industry EPP K Czech Ostrava 1 Compulsory study plan
2020/2021 (N0413A270002) Quolity Management and Control of Industrial Systems (S02) Economics and Management in Industry EPP P Czech Ostrava 1 Compulsory study plan
2019/2020 (N0413A270002) Quolity Management and Control of Industrial Systems (S02) Economics and Management in Industry EPP P Czech Ostrava 1 Compulsory study plan
2019/2020 (N0413A270002) Quolity Management and Control of Industrial Systems (S02) Economics and Management in Industry EPP K Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner