BA_Ac_1 Accounting 1

University of Finance and Administration
Winter 2025
Extent and Intensity
2/1/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Jana Kotěšovcová, Ph.D. (seminar tutor)
Guaranteed by
Ing. Jana Kotěšovcová, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Dita Egertová
Timetable of Seminar Groups
BA_Ac_1/cECPH: each odd Monday 12:15–12:59 E307, each odd Monday 13:00–13:45 E307, J. Kotěšovcová
BA_Ac_1/pECPH: Mon 14:00–14:44 E307, Mon 14:45–15:30 E307, J. Kotěšovcová
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
In the Accounting 1 course, students will acquire the knowledge and skills necessary to become a junior accountant in a corporation. They will become familiar with the double-entry accounting system, primary records, verification of accounting records, balance sheets, error corrections, and control accounts. They will be familiarized with accounting procedures such as recording capital and income expenses and revenues, depreciation, inventory valuation, bad debts, and creating allowances for doubtful accounts. They will also acquire the skills to analyze and interpret data in financial statements using financial analysis indicators.
Learning outcomes
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.
Syllabus
1. Purpose of accounting, Accounting equation 2. Double entry system of book-keeping 3. Business documents 4. Books of prime entry, cash book, patty cash, sales and purchases journal 5. Trial balance, Correcton of errors, Bank reconciliation 6. Capital and reveue expenditure and receipts 7. Accounting for depreciation and disposal of non-current assets 8. Other payables and receivables 9. Irrecoverable debts and provision for doubtful debts 10. Valuation of inventory 11. Calculation and interpretation of accounting ratios 12. Inter-firm comparison
Literature
    required literature
  • BAPTISTA June, Cambridge IGCSE and O Level Accounting, 2022, Hodder Education, London
  • BAPTISTA June. Cambridge IGCSE and O Level Accounting Workbook, 2022, Hodder Education, London
    recommended literature
  • PARMINDER J. VICKERSTAFF B.: Financial accounting, Hoddre education
  • WEYGANDT, Jerry J, Paul D KIMMEL a Donald E KIESO. Accounting principles. 11e [edition]. 1 volume (various pagings). CH 1 - 13 ISBN 9781118180891-
  • 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.
Teaching methods
Lectures supplemented by a series of practical exercises, work with a workbook, and homework which will be checked in the following class.
Assessment methods
CREDIT 1) Midterm test from Activity, Exam style questions, Chapter review questions - max. 20 points 2) Final test from Activity, Exam style questions, Chapter review questions, max. 30 points 3) Activity during lectures and seminars you should have 20 points 4) Homework you should have 20 points. The minimum score for obtaining credit is 60 points.
Language of instruction
English
Follow-Up Courses
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
https://is.vsfs.cz/auth/ucitel/?fakulta=6410;obdobi=71
Lecturer and instructor: Ing. Jana Kotěšovcová, Ph.D. https://is.vsfs.cz/auth/osoba/6688
The course is also listed under the following terms Winter 2016, Winter 2017, Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (recent)
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