N_UcS Accounting Systems

University of Finance and Administration
Summer 2019
Extent and Intensity
1/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Dana Kubíčková, CSc. (seminar tutor)
Guaranteed by
Ing. Dana Kubíčková, CSc.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Timetable of Seminar Groups
N_UcS/cR1PH: Wed 10:30–11:14 S33, Wed 11:15–12:00 S33, D. Kubíčková
N_UcS/cR2PH: Wed 12:15–12:59 S35, Wed 13:00–13:45 S35, D. Kubíčková
N_UcS/pRPH: each even Wednesday 8:45–9:29 S35, each even Wednesday 9:30–10:15 S35, D. Kubíčková
N_UcS/vRPH: Fri 15. 2. 14:00–15:30 S11, 15:45–17:15 S11, Fri 15. 3. 14:00–15:30 S11, 15:45–17:15 S11, D. Kubíčková
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
At the end of the course student should be able
- to keep accounting records according to the principles of IAS/IFRS,
- to precise and use the information necesary for the accounting report,
- to precise the differences between czech and international way of reporting,
- to explain and precise the main causes of the different way of reporting in IAS/IFRS.
- použít informace o vývoji účetních systémů k vysvětlení dalšího vývoje účetnictví v ČR.
Learning outcomes
At the end of the course the student should be able - to understand the reasons and the aims of the accounting harmonization proces and the main stream of it,
- to know and explain the main differences between the Czech and International financial reporting standards,
- to keep accounting records of selected situations according to the principles of IAS/IFRS,
- to know and explain the method of valuation in selected situations and be able to calculate the price in these situations,
- to characterize and explain the main causes of the different way of reporting in IAS/IFRS,
- to understand the main trends in accounting development worldwide and in the Czech Republic.
Syllabus
  • Sylabus:
  • 1. Financial reporting as a part of national economy, national character of accounting, models of accounting systems. Process of accounting harmonization, its development and stages.
  • 2. IAS/IFRS, its history and development. Konceptual framework. Elements of financial statements and its definition. Structure of the financial statements according to IAS/IFRS.
  • 3. Fixed assets - recognition, classification, valuation at acquisiton day.
  • 4. Fixed assets reporting during their use: depreciation in IAS/IFRS.
  • 5. Fixed assets reporting during their use: impairment and its measurement and reporting, valuation at the closing day.
  • 6. Real estate investment - recognition, valuation, reporting. Assets for sale - recognition, valuation, reporting.
  • 7. Liabilities - recognition, classification, valuation and reporting according to IAS/IFRSits definition and valuation in IAS/IFRS. Provisions and its reporting according to IAS/IFRS.
  • 8. Financial instuments - recognition, classification and valuation according to IAS/IFRS.
  • 9. Inventories - valuation and reporting according to IAS/IFRS. Intagible assets - definition, valuation and reporting according to IAS/IFRS.
  • 10. Expenses and incomes - recognition nd classification according to IAS/IFRS. Earnings, comprehensive earnings.
  • 11. Equity and its concept according to IAS/IFRS. Fair value and its concept in IAS/IFRS.
  • 12. Development of IRFS creating. Konvergence with US GAAP. Summary.
Literature
    required literature
  • KUBÍČKOVÁ Dana, Účetní systémy, Praha: Eupress 2019 (připravuje se)
  • JÍLEK, Josef. Hlavní účetní systémy IFRS a US GAAP. První vydání. Praha: Grada, 2018. 199 stran. ISBN 978-80-247-2774-5.
  • KUBÍČKOVÁ Dana, Účetní systémy I. a II. díl, Praha: Eupress 2006 a 2010 (dočasně), ISBN 2006.80-86754-72-3, ISBN 2010 978-807-4080-302
    recommended literature
  • DVOŘÁKOVÁ, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 5. akt. a přepr. vyd. Brno: BizBooks, 2017. 368 stran. ISBN 978-80-265-0692-8.
  • STROUHAL J., BONACI C.G., MUSTATA R., International accounting practices, Praha: Oeconomica 2014, ISBN 978-80-245-2040-7
  • JANOUŠKOVÁ M., Mezinárodní standardy účetního výkaznictví - cvičné příklady, 11. vyd. Praha: ICÚ 2013, ISBN 978-80-8671-688-6
  • KRUPOVÁ, Lenka. Leasingy podle IFRS: IFRS 16 leasingy, praktické aplikace, příklady. Vydání první. Praha: 1. VOX a.s., 2017. 116 stran. ISBN 978-80-87480-54-0.
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, exam
The condition of obtaining credit :
a) full time form of study:
- active participation on seminars/consultations - min. 75%
- successful completed interim tests - min. 60% of points
- credit test - min. 60% of points
b) part time form of study:
- active participation on consultation - min. 50%
- processing examples and case studies, that will be presented at the examination

Exam :
- includes the two objects, i.e. Accounting Systems I and Accounting Systems II.,
- consists of two parts:
a) full time study:
- written part - test (Accounting Systems 2)
- oral part - questions (Accounting Systems 1, Accounting Systems 2)
b) part time study:
- practical part - solved examples and case studies (Accounting Systems 2)
- oral part - questions (Accounting Systems 1, Accounting Systems 2)

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 course.
Language of instruction
Czech
Follow-Up Courses
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: 8 hodin KS/semestr.
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2020, Summer 2021, Summer 2022.
  • Enrolment Statistics (Summer 2019, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2019/N_UcS