Course syllabus UAD - Accounting and Taxes (FBE - SS 2014/2015)

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Course code: UAD
Course title in language of instruction: Účetnictví a daně
Course title in Czech: Accounting and Taxes
Course title in English: Accounting and Taxes
Mode of completion and number of credits: Exam (7 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 4/2 (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. Miloš Grásgruber, Ph.D. (examiner, lecturer)
Ing. Milena Otavová, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Ing. et Ing. Pavel Semerád, Ph.D. (instructor)
Prerequisites: not Financial Acccounting I and not Tax System and not Final Bachelor Exam
Aims of the course:
The aim of the Accounting and Taxes course is to give students a real view on economic processes with a focus on general features of the accounting and introduce them current tax system of the Czech Republic from the perspective of the application of individual tax legislation. Furthermore, student receives a comprehensive overview of the financial accounting, including tax effects (in the context of impact of tax system on accounting). Student will be familiarized with the functions, subject of accounting and with the application of individual tax legislation, so that after completing the course, he/she will be able to apply so-called tax and accounting way of thinking to solve specific business operations and be able to apply theoretical knowledge in practice.
Course contents:
1.Introduction (allowance 2/1)
a.Annotation, the conditions for classification, literature.
b.Meaning, function and regulation of accounting.

2.Fundamentals of Financial Accounting (allowance 8/4)
a.Documentation, chronology, principle of duality and accounts correspondence, contemporary functional model of accounting.
b.Balance sheet account and income statement.
c.System of accounting in the enterprise, systematic, reporting, controlling system of accounting - formal correctness.

3.Financial assets (allowance 2/1)
4.Fixed assets (allowance 2/1)
5.Stocks (allowance 4/2)
6.Claims and Liabilities (allowance 4/2)
7.Capital accounts (allowance 2/1)
8.Expense and profits accounting (allowance 4/2)
9.Profit, accounts and financial statements (allowance 4/2)
10.Personal income tax (allowance 6/3)
11.Corporate income tax (allowance 4/2)
12.Road tax (allowance 2/1)
13.Inheritance tax, gift tax and real estate transfer tax (allowance 2/1)
14.Real Estate tax (allowance 2/1)
15.Value added tax (allowance 6/3)
Learning outcomes and competences:
Generic competences:
-ability to analyse and synthesize
-ability to apply knowledge
-ability to make decisions
-professional knowledge
-skilled at utilizing and processing information

Specific competences:
-Ability to capture the business / economic transactions in the accounting system
-Student is able to define taxes in the Czech Republic
-Student is able to describe methods of taxation and justify the best option
-The ability of the evaluation of the tax impacts of the economic operations

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
     lecture56 h
     practice28 h
     preparation for exam56 h
     preparation for regular assessment28 h
     preparation for regular testing28 h
Total196 h
Assessment methods:
Credit is realized in the form of writing test that consists of the accounting and tax. The test verifies the students' practical knowledge on specific examples. Duration of the test is 60 minuts.The success rate above 50 % is required for fulfilling of the test (credit). An Examination takes the form of the test, which verifies mainly theoretical knowledge of students. Examination test is conducted on computers using the aplication "Tests and examination", and its duration is 50 minutes. To pass the examination test is required 72% correct answers.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQKOVANICOVÁ, D.Abeceda účetních znalostí pro každéhoPrahaBova Polygon2012978-80-7273-169-5
RQLÁCHOVÁ , L. -- VANČUROVÁ , A.Daňový systém ČR 2014PrahaVOX 2014978-80-87480-23-6
RERYNEŠ, P.Podvojné účetnictví a účetní závěrka 2013OlomoucANAG2013978-80-7263-793-5


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

Type of output: