N_UcS_1 Accounting Systems 1

University of Finance and Administration
summer 2012
Extent and Intensity
1/1. 3 credit(s). Type of Completion: z (credit).
Guaranteed by
Ing. Dana Kubíčková, CSc.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Leona Randýsková
Assumed knowledge of double-entry bookkeeping at the undergraduate accounting course, UC A1 and UC A2, knowledge of Czech accounting standards for businesses and orientation in the financial statements at the bachelor's course, Financial Analysis.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The course objective is to integrate and complete knowledge of double entry bookkeeping system and its specific form for the bussines, gained during previous study, and generalize it so as to provide a comprehensive look at the book wider view of economic processes, including its links to the appropriate management of economic processes and understanding of changes in accounting rules as a reflection of changes in the economic processes and their management needs.The further goal is to spread knowledge about the variability of national accounting systems and their classification, including the basic characteristics of the process of harmonization of accounting as a reflection of the growth in importance of accounting information in the process of globalization and integration of the Czech accounting system in this process, including the basic characteristics of US GAAP and IAS/IFRS.
  • Sylabus of the course: 1. Information and data in the management of economic processes, sources of economic information. Double-entry accounting system. General principles of double entry bookkeeping. The financial statements. Users of financial accounting.
  • 2. Financial statements and its structure, explanatory power and limitations.Users of financial statements. Valuation and its problems.
  • 3. Balance, the history of this financial statement, the development of the views on the function and structure of the balance, new trends in the reporting of financial situation.
  • 4. One and double balance accounting system. Profit and its concepts. Cash flows in the double entry accounting system.
  • 5. Accounting systems in the world, their characteristics and classification, the differences between them and their causes. The process of harmonization of accounting, its causes, stages and guidelines.
  • 6. Characteristics of the IAS/IFRS, their genesis, Conceptual framework, comparison with U.S. GAAP. The basic differences from the Czech accounting.
    required literature
  • Dvořáková D. Finanční účetnictví a vykazování podle mezinárodních standardů IAS/IFRS, Brno: Computer Press 2008
  • Kubíčková D., Účetní systémy 1.díl, Praha:VSFS 2007
  • Janhuba M., Základy teorie účetnictví, Praha:VSE 2005
    recommended literature
  • Kovanicová, D., Kovanic, P.: Poklady skryté v účetnictví I., Praha Polygon 2005
  • Pelák J., Účetnictví v příkladech (repetitorium ze základů účetnictví), Praha: VSE 2008
Teaching methods
Type of lessons: - full time form of study: lectures, seminars, - part time form of study: controlled group consultations
Assessment methods
Completed by : Credit
The condition of obtaining credit is:
a) the quality of processing seminar work on selected topics
b) active participation on seminars/consultations
- full time form of study - min. 75%
- part time form of study: min. 50%
. Students who fail a compulsory level of participation and ongoing obligations, will be awarded additional study requirements in the extent to demonstrate learning outcomes and acquired competencies necessary for successful completion of the subject.
Language of instruction
Further comments (probably available only in Czech)
Information on completion of the course: ISP
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 6 hodin KS/semestr.
The course is also listed under the following terms Winter 2007, Summer 2008, Winter 2008, Summer 2009, Winter 2009, Summer 2010, Winter 2010, Summer 2011, Winter 2011, Winter 2012, Winter 2013.
  • Enrolment Statistics (summer 2012, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2012/N_UcS_1