Course syllabus UFO - Accounting of Financial Institutions (FBE - WS 2014/2015)


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Course code: UFO
Course title in language of instruction: Účetnictví finančních institucí
Course title in Czech: Accounting of Financial Institutions
Course title in English: Accounting of Financial Institutions
Mode of completion and number of credits: Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 3/0 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: master continuing
Semester: WS 2014/2015
Name of lecturer: Dr. Ing. Jana Gláserová (examiner, instructor, lecturer, supervisor, tutor)
Prerequisites: Final Bachelor Exam
 
Aims of the course:
The aim of this course is to introduce to students specifics of accounting of financial institutions, namely banks and insurance companies, as well as to clarify the specifics of accounting and finance of non-profit organizations that result from the nature of their activities. The subject of the interest will be recording of major (financial) activities of banks, which is significantly different in comparison with other business entities. Emphasis will be also placed on the accounting procedures that are subject to the requirements of banking supervision, consisting of frequent completion and submission of financial statements in a very detailed structure to provide a realistic picture of the financial, property and income situation of banks. In the part of accounting of insurance companies the focus will be mainly on recording of potential risks arising to insurance companies from their main activity which is insurance and reinsurance activities, manifesting particularly in creating of different types of reserves. Specific features and differences in accounting of non-profit organizations will be explained primarily on the example of allowance organizations, government departments, political parties and movements, charitable institutions, universities, civic associations and other non-profit organizations. Particular emphasis will be placed on the differences in the records of assets, funds management and budget techniques.
 
Course contents:
1.Accounting legislation of banks (allowance 1/0)
2.Special features of bank accounts (allowance 1/0)
 
a.Division of bank accounts (committer and internal accounts)
b.Basic characteristics of their application

3.Account Class 1 - Cash, bank accounts, liabilities from short sales (allowance 2/1)
 
a.Deposits and loans by issuing banks
b.Deposits, loans and other claims and liabilities from other banks

4.Account Class 2 - Client Accounts (allowance 3/2)
 
a.Standard and classified loans and other claims for customers
b.Client deposits

5.Account class 3 securities, derivatives, other claims and liabilities and transitional accounts (allowance 3/1)
6.Account Class 4 - Intangible, tangible property, shares, securities held to maturity, foreign subsidiaries and agencies (allowance 1/1)
7.Account Class 5 - Capital accounts, long-term liabilities and closing Accounts (allowance 1/1)
8.Account Class 6 -- Costs, account class 7 - profits (allowance 1/0)
9.Account Class 9 - Off-balance sheet accounts (allowance 1/0)
10.Legal regulation of accountancy of insurance companies, the specific terms - insurance terminology (allowance 1/0)
11.Accounting of reserves (allowance 1/2)
 
a.Technical, other reserves and non-technical account

12.Accounting of health insurance (allowance 12/6)
 
Learning outcomes and competences:
Generic competences:
 
-ability to analyse and synthesize
-ability to apply knowledge
-ability to solve problems
-ability to work independently
-professional knowledge
-skilled at utilizing and processing information

Specific competences:
 
-Skill preparation of the financial statements of the bank and the interpretation of its items
-Skill preparation of the financial statements of the insurance and the interpretation of its items
-The ability of defining the nature of specific accounting transactions in the bank
-The ability of defining the nature of specific accounting transactions in the insurance

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
 
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice14 h
Self-study
     preparation for exam58 h
     preparation for regular assessment40 h
Total140 h
 
Assessment methods:
The course is completed the oral examination, which precedes the writing credit, the outcome of which is included in the overall evaluation of the test. Written Credit contains specific examples of issues discussed subject - practical view. The oral examination is a total orientation studied the issue, to demonstrate whether the student mastered the material context, forming part of the subject.
 
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQBALOUŠEK, R. et al.Podvojné účetnictví v bankáchPrahaC.H. Beck2007978-80-7179-663-3
RQJÍLEK, J. -- SVOBODOVÁ, J.Účetnictví bank a finančních institucí 2009PrahaGrada2009978-80-247-3048-6
REVALOUCH, P. -- ČEJKOVÁ, V.Účetnictví pojišťoven po vstupu do EUPrahaGrada Publishing200580-247-0953-8
REVyhláška č. 501/2002 Sb., Ministerstva financí, kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů, pro účetní jednotky, které jsou bankami a jinými finančními institucemi ve znění pozdějších předpisů
REVyhláška č. 502/2002 Sb., kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, pro účetní jednotky, které jsou pojišťovnami

RQrequired
RErecommended


Last modification made by Ing. Marcel Vytečka on 05/22/2014.

Type of output: