VSFS:BA_Ac_A1 Accounting A 1 - Course Information

BA_Ac_A1 Accounting A 1

Extent and Intensity

2/1. 7 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Bc. Jan Hájek, Ph.D., MBA (seminar tutor)
Ing. Eva Kostikov, Ph.D. (seminar tutor)

Guaranteed by

Ing. David Mareš, Ph.D., MBA
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.

Timetable of Seminar Groups

BA_Ac_A1/cBMPH: each odd Thursday 8:45–9:29 E126, each odd Thursday 9:30–10:15 E126, E. Kostikov
BA_Ac_A1/pBMPH: Mon 17:30–18:14 E124, Mon 18:15–19:00 E124, J. Hájek

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 students should be able to understand and explain the basics of double-entry accounting, the main financial statements, general accounting policies, accounts, accounting documents, books of accounts, stock-reporting. The course also aims to present the applicable legislation that governs accounting in the Czech Republic, especially having regard at the most recent EU-endorsed accounting rules. This should create the basis for understanding the content and the explanatory power of the data contained in accounting statements for further use in other specialised courses.

Syllabus

1. Information and accounting, accounting functions, users of accounting data, subject of accounting Accounting regulation in the Czech Republic, according to EU legislation.. 2. Accounting policies and their functions. Main accounting statements and relationships among them. 3. Balance sheet and its function. Balance principle. Balance sheet, its structure, form, individual elements. Profit and loss account and its function, financial result and its forms. Balance sheet accounts, entries in asset and liability accounts. 4. Account and its function, description, content of entries in accounts. Types of accounts. General and analytical accounts. Off-balance-sheet accounts. Method of double entries. 5. Assets Typical operations in keeping accounts of non-current tangible assets, recievables, etc.. 6. Stock of material. Typical operations in keeping accounts of the stocks of material. 7. Liabilities. Typical operations in keeping accounts of payables, 8. Capital, Typical operation in keeping accounts of paid in capital. Accruals and Defferals. 9. Costs and revenues. Income accounts and related entries. Typical operations in costs and revenues accounts. 10. Documents and their importance in book-keeping. Book-keeping inspection. content. Accounting reports and books of accounts. Internal controll. 11. Comprehensive recording of the turnover of funds in accounts and their representation in books of accounts. 12. Completition of accounting cycle. Closing entries.

Literature

required literature
• MCLANEY, E a Peter ATRILL. Accounting: an introduction. 6th ed. New York: Pearson, 2012, CH 1- 7. ISBN 9780273771838.
• WEYGANDT, Jerry J, Paul D KIMMEL a Donald E KIESO. Accounting principles. 11e [edition]. 1 volume (various pagings). CH 1 - 13 ISBN 9781118180891-

recommended literature
• ALFREDSON, Keith et. al. Applying international financial reporting standards. 2nd ed. Milton, Qld: John Wiley, 2010. ISBN 978-047-0819-678.

Teaching methods

Lectures and seminars in full-time study; tutorials in part-time study; compulsory seminar participation is 75% in full-time study, compulsory tutorial participation is 50% in part-time study.

Assessment methods

Successful completion of 2 interim tests (after lecture 4 and examination test after lecture lecture 8) and a credit test(in the last week of the lessons).

Language of instruction

English

Follow-Up Courses

• BA_Ac_A2 Accounting A 2

Further Comments

The course can also be completed outside the examination period.

• Enrolment Statistics (Winter 2014, recent)
  
• Permalink: https://is.vsfs.cz/course/vsfs/winter2014/BA_Ac_A1