BA_Ac_2 Accounting 2

University of Finance and Administration
Summer 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Guaranteed by
Ing. Andrea Tomášková, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Dita Egertová
Prerequisites
BA_Ac_1 Accounting 1
The requirement for the completion of this course is completion of the course BA_Ac_A1.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The course is designed as a natural progression from Accounting I, expanding upon the fundamental principles introduced in the previous course. It delves deeper into the realm of accounting, introducing students to more advanced and intricate concepts that are vital for a comprehensive grasp of financial management.

Throughout the duration of the course, students will be exposed to a diverse range of accounting principles, which are essential for their growth as accounting professionals. The primary objective is to equip students with the skills and knowledge needed to interpret financial statements effectively.

A significant focus of the course is on international accounting practices, recognizing the ever-expanding globalized business landscape. This international perspective is becoming increasingly crucial for professionals as they navigate financial matters in an interconnected world. Consequently, by the course's conclusion, students will not only have a solid foundation in accounting but will also be well-versed in international accounting standards, positioning them as competitive and knowledgeable professionals in the field.

In summary, this course represents an essential step in a student's journey to becoming a proficient accounting professional. It ensures that students not only understand the intricacies of accounting but are also equipped with the skills needed to interpret complex financial statements, including those prepared in accordance with international accounting standards.
Learning outcomes
Upon successfully finishing this course, students will have developed a profound understanding of more advanced accounting principles, building upon the foundation established in Accounting I. With this enhanced knowledge, they will be proficient in interpreting complex financial statements. Moreover, students will gain exposure to international accounting practices, preparing them for the increasingly globalized business world.

By mastering these skills, students will not only be able to understand the financial health of an organization but also interpret its performance from an informed perspective. This ability to analyze financial data comprehensively is a crucial asset in making sound business decisions and ensuring the financial well-being of any enterprise.
Syllabus
  • 1. Introduction
  • 2. Current assets
  • 3. Derecognition of inventory and recognition of revenue
  • 4. Services
  • 5. Non-monetary transactions and accruals
  • 6. Investments and financial instruments
  • 7. Property plant and equipment
  • 8. Intangible assets
  • 9. Leasing
  • 10. Useful life and depreciation period
  • 11. Liabilities
  • 12. Equity
Literature
    required literature
  • BAPTISTA, June. Accounting. Cambridge IGCSE and O Level. London: Hodder Education, [2018]. ISBN 978-1-5104-2121-9.
  • WEYGANDT, Jerry J., Paul D. KIMMEL a Jill E. MITCHELL. Accounting principles. Fourteenth edition. Hoboken, NJ: Wiley, [2021]. ISBN 978-1-119-70708-0
  • MLÁDEK, Robert, Robert MLÁDEK a Robert MLÁDEK. IFRS and US GAAP: accounting policies and procedures = IFRS a US GAAP : postupy účtování. Praha: Leges, 2017. Praktik. ISBN 978-80-7502-194-6
  • MAREŠ, David. Ekonomické podnikové systémy cvičebnice Economic firm systems workbook. 1. vyd. Praha: Vysoká škola finanční a správní, 2017. 79 s. EUPRESS. ISBN 978-80-7408-146-0.
    recommended literature
  • PROCHÁZKA, David, ed. The impact of globalization on international finance and accounting: 18th Annual Conference on Finance and Accounting (ACFA). Cham, Switzerland: Springer, [2018]. Springer proceedings in business and economics. ISBN 978-3-319-68761-
Teaching methods
Full-time students: lectures on a voluntary basis, seminar obligatory attendance is 75%
Part-time students: obligatory attendance is 50 %.
Lectures will be split into theoretical and practical parts.
Assessment methods
Mastering of course: credit test + exam test
Credit test (60 % points min)
Exam test (min. 60% points)
A 100% - 94%
B 93% 84%
C 83%-74%
D 73%-64%
E 63%-60%
F 59% and under
Students with customised study plan (ISP): In addition, students will prepare a seminar paper in the scope of 5 pages, a word document. The topic must correspond to the content of the course. The title of the seminar paper must be approved by the course instructor.
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
Teacher's information
https://is.vsfs.cz/auth/predmet/vsfs/leto2024/BA_Ac_2
Web resources

http://www.accountingcoach.com/

http://learningaccounting.com/ http://www.wannalearn.com/Business_and_Careers/Accounting/ http://www.iasplus.com http://www.flatworldknowledge.com/pub/1.0/financial-accounting/405278#web-0

Other requirements are the responsibility of the teacher.

Students with customised study plan (ISP): In addition, students will prepare a seminar paper in the scope of 5 pages, a word document. The topic must correspond to the content of the course. The title of the seminar paper must be approved by the course instructor.

The course is also listed under the following terms Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2022, Summer 2023.
  • Enrolment Statistics (recent)
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