Course syllabus UCR - Accounting and Taxes in Tourism (FBE - SS 2014/2015)

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Course code: UCR
Course title in language of instruction: Účetnictví a daně v CR
Course title in Czech: Accounting and Taxes in Tourism
Course title in English: Accounting and Taxes in Tourism
Mode of completion and number of credits: Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: bachelor
Semester: SS 2014/2015
Name of lecturer: Ing. Milena Otavová, Ph.D. (instructor, lecturer)
Ing. Petra Ptáčková Mísařová, Ph.D. (instructor)
doc. Ing. Patrik Svoboda, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Prerequisites: Financial Acccounting I
Aims of the course:
Students will learn the opening of the accounting books, recording of the typical operations of entities operating in the tourism during the accounting period and at the balance sheet date. Main attention will be devoted to accounting cases of travel agencies. Students will be acquainted with tax issues related to business in tourism. They specifics and differences in taxation of these business entities will be clarified. Particular emphasis will be placed on value added tax, where the travel services are solved under the special treatment.
Course contents:
1.Definition of basic concepts in tourism which are important in the field of taxation and accounting (travel agency, travel contract, tour). Method of demonstrating costs in order to achieve income. (allowance 2/0)
2.Journey-money -- journey-money of employee during national and foreign business trips, journey-money of employer. (allowance 2/1)
3.Tax laws in the field of tourism (definition). Income Tax Act and related legislation. Costs on representation, promotional items, donations. (allowance 2/2)
4.Value Added Tax Act. Special treatment of travel services. Exempt fulfillments. Taxation of transportation. (allowance 4/3)
5.Entities operating in tourism and the application of tax costs -- lump-sum costs, tax records. (allowance 2/2)
6.Bookkeeping and its duty, the form for entities operating in tourism. (allowance 1/0)
7.Starting the business of entity operating in tourism following the legal form. Opening of the accounting books. Start-up costs. (allowance 2/1)
8.Purchases of inputs of travel agency. Purchase of fixed assets by buying on credit and finance leases. Technical improvement of own and leased assets. Other inputs into the business of an entity running a business in tourism. (allowance 3/1)
9.Debtors and creditors with supplier and consumer of service. (allowance 2/1)
10.Debtors and creditors expressed in foreign currency. Exchange difference at claims, liabilities, financial accounts. Business of exchange bureau. (allowance 2/1)
11.Sale of tour. Debtors and creditors during brokering of tour (travel agencies). (allowance 3/2)
12.Reserves used by entities running a business in tourism. (allowance 2/0)
13.Closing entries and financial statement of entity running a business in tourism. (allowance 1/0)
Learning outcomes and competences:
Generic competences:
-Ability to make decisions
-Ability to solve problems
-Ability to work in international context
-Capacity to adapt to new situations
-Professional knowledge

Specific competences:
-Overview of the specificities of taxation in tourism services
-Practical ability to apply special rules for the taxation in tourism
-Survey of accounting treatments tourism specific transactions
-The ability of practical application of the financial reporting methodological procedures at the special transactions in travel agencies

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
     preparation for exam63 h
     preparation for regular assessment21 h
     elaboration and execution of projects14 h
Total140 h
Assessment methods:
Credit: preparation of a case study (selected topic by a group of max. 4 students (usually the choice of the 10-12 topics of accounting and tax issues in the field of tourism). The exam is in a written form. For successful completion is more than 60% of correct answers from each section needed (accounting and taxation section). Each part contains theoretical and practical parts. The duration of each part is 30 minutes.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQOTAVOVÁ, M. -- SOBOTKOVÁ, V. -- SVOBODA, P.Daně a účetnictví v cestovním ruchuPrahaWolters Kluwer ČR2012978-80-7357-868-8
RQÚčetnictví podnikatelů 2010: výklad je zpracován k právnímu stavu ke dni 1.1.2010PrahaWolters Kluwer2010978-80-7357-526-7
RERAMBOUSEK, J.Cestovní kanceláře a daně : po říjnové novele 2005PrahaASPI200580-7357-123-4
REJANOUŠEK, K.Cestovní náhrady ve 192 příkladechOlomoucANAG2010978-80-7263-584-9
REPITNER, L. -- BENDA, V. Daň z přidané hodnoty s komentářem k 1. 5. 2010OlomoucANAG2010978-80-7263-603-7


Last modification made by Ing. Jiří Gruber on 10/09/2014.

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