Course syllabus FU1 - Financial Accounting I (FBE - WS 2019/2020)


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Course code:
FU1
Course title in Czech:
Financial Accounting I
Course title in English: Financial Accounting I
Semester:
WS 2019/2020
Mode of completion and number of credits:
Exam (5 credits)
Mode of delivery and timetabled classes: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
part-time, 16/0 (lectures per period / seminars per period)
Level of course:
bachelor
Course type:
required
Type of delivery: usual, consulting
Mode of delivery for our mobility students abroad:
-- item not defined --
Language of instruction: Czech
Course supervisor:
Course supervising department: Department of Accounting and Taxes (FBE)
Faculty:
Teachers:
Ing. Břetislav Andrlík, Ph.D. (examiner, instructor, lecturer, supervisor)
Mgr. Ing. Lucie Formanová, Ph.D. (examiner, instructor)
Dr. Ing. Jana Gláserová (examiner, instructor)
Prerequisites: Tax System
 
Timetable in this semester:
Day
From-tillRoom
Teacher
Entry
Frequency
Capacity
Monday
11.00-12.50
Q46
Seminar
Even week
30
Monday
11.00-12.50
Q46
Seminar
Odd week
30
Monday
15.00-16.50
Q01
Lecture
Every week
400
Tuesday
9.00-10.50
Q46
B. Andrlík
Seminar
Odd week
30
Tuesday
9.00-10.50
Q46B. Andrlík
Seminar
Even week30
Tuesday
13.00-14.50Q38B. AndrlíkSeminarEven week30
Tuesday
13.00-14.50
Q38
Seminar
Odd week
30
Wednesday
9.00-10.50
Q46
J. GláserováSeminarEven week
30
Wednesday
9.00-10.50Q46J. GláserováSeminarOdd week30
Wednesday13.00-14.50Q46SeminarOdd week30
Wednesday
13.00-14.50
Q46
L. FormanováSeminar
Even week
30
Wednesday
15.00-16.50
Q46
L. FormanováSeminar
Even week
30
Wednesday15.00-16.50Q46L. FormanováSeminarOdd week
30
Friday11.00-12.50
Q46
Seminar
Even week
30
Friday
11.00-12.50
Q16
Seminar
Odd week
30
Saturday
8.00-11.50
Q32B. Andrlík
Lecture
Occasionally48
 
Aim of the course and learning outcomes:
Students will be acquainted with the importance and positioning of accounting in the company, with the principles of balancing and methodical means of accounting and their use in view of assets, liabilities, costs, revenues and profit. Students will acquire practical accounting skills in the current accounting period as well as operations at the balance sheet date including the preparation of financial statements.
 
Course content:
1.
Principles of accounting (allowance 6/4)
 
a.
Definition of accounting, information needs of user of financial statements, nature and status of accounting information system. Balance sheet, balancing principle. Importance of the balance sheet, the form of balance sheet. Economic and accounting operations, their influence on items of balance sheet. Methodological instruments of accounting (accounting documents, chronology, synthetic and analytical accounts. Eduction of asset and liability accounts and profit or loss account, synthetic and analytical accounts, recording of economic transactions using accounts. The control system of accounting (material and nominal correctness.Closing accounts, recognition of profit or loss. Reporting - financial statements (form and content).

2.
Legislation in the area of accounting (Accounting Act, Publice Notice Nr. 500 of HM Treasury, Czech Accounting Standards, Internal Accounting rules) (allowance 2/0)
3.
Financial accounting for entrepreneurs - Account Class 1 - Inventories (allowance 0/0)
 
a.
Identification and valuation of inventories. Method A - continuous method of booking of inventories purchased. Methods for valuation of inventories of the same kind of stock. Method B - periodical method of booking of inventories purchased. Booking of materials and merchandise at the closing day.

4.Financial accounting for entrepreneurs - Account Class 2 - Short-term financial assets and bank loans and financial accomodations (allowance 0/0)
 
a.
Booking of cash and valuables (duty stamps and others. Bank accounts, cash in transit. Short-term securities and ownership interests. Short-term bank loans and short-term accomodations.

5.
Financial accounting for entrepreneurs - Account Class 3 - Receivables and liabilities (allowance 1/1)
 
a.
Trade receivables and payables. Payroll, payables from partners, cooperative members and association members. Tax duties. Estimated receivable and estimated payables.

6.
Financial accounting for entrepreneurs - Account Class 0 - Fixed assets (allowance 6/4)
 
a.
Tangible and intangible fixed assets - definition and valuation. Booking of acquisition, depreciation and ammmortization and disposals of tangible and intangible fixed assets. Inventory of tangible and intangible fixed assets and booking at the closing day. Leasing contracts. Long-term financial assets (securities). Acquisition and valuation at the balancing day.

7.
Financial accounting for entrepreneurs - Account Class 4 - Recording of equity (allowance 3/1)
 
a.
Establishment of a capital company
b.Increases and reductions in capital
c.
Provisions
d.
Long-term payables

8.
Costs, expenses nad revenues, classification, methods of booking. (allowance 1/0)
9.
Closing entries, profit or loss calculation in personal and capital companies, profit or loss allocation. (allowance 1/1)
10.Accounting statements (contents and form) (allowance 2/0)
Learning activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
lecture
28 h
0 h
practice
14 h
0 h
consultation
10 h
16 h
preparation for exam42 h
90 h
preparation for regular assessment21 h
34 h
preparation for regular testing
25 h
0 h
Total140 h
140 h
 
Assessment methods:
Credit is awarded upon successful passing e-test. The course is completed by passing a written examination, which consists following parts - part "examples" and part "theory". Successful completion requires minimalized 65% of correct answers. Writing time is 150 minutes.
 
Assessment criteria ratio:
Requirement type
Daily attendanceCombined form
Total
0 %
0 %
 
Recomended reading and other learning resources:
Recommended:
BRYCHTA,I a kol. Účetnictví podnikatelů 2018. Praha: Wolters Kluwer, 2018. 544 s. ISBN 978-80-7552-989-3.
JANHUBA, M. Finanční účetnictví – obecné otázky. Praha: C.H. Beck-CZ, 2016. 304 s. ISBN 978-80-7400-614-2.
KADLEČEK, J. Abeceda účetnictví pro podnikatele 2018 Olomouc: ANAG, 2018. 424 s. ISBN 978-80-7554-121-5.
RYNEŠ, P. Podvojné účetnictví a účetní závěrka 2018. Olomouc: ANAG, 2018. 1064 s. ISBN 978-80-7554-116-1.

Course listed in study plans for this semester:
Field of study B-EM-ME Economics and Management, full-time form, initial period SS 2017/2018
Field of study B-EM-ME Economics and Management, part-time form, initial period SS 2017/2018
Field of study B-EM-TM Tourism Management, full-time form, initial period WS 2018/2019
Field of study B-EM-ME Economics and Management, full-time form, initial period WS 2018/2019
Field of study B-EM-TM Trade management, full-time form, initial period WS 2018/2019
Field of study B-EM-SE Social economics, full-time form, initial period WS 2018/2019
Field of study B-EPA-F Finances, full-time form, initial period WS 2018/2019
Field of study B-EPA-PA Public administration, full-time form, initial period WS 2018/2019
Field of study B-EM-ME Economics and Management, part-time form, initial period WS 2018/2019
 
Course listed in previous semesters: SS 2019/2020, SS 2018/2019, WS 2018/2019, SS 2017/2018, WS 2017/2018, SS 2016/2017 (and older)
Teaching place:
Brno


Last modification made by Ing. Jiří Gruber on 09/17/2019.

Type of output: