VSFS:N_UcS Accounting Systems - Course Information
N_UcS Accounting Systems
University of Finance and AdministrationSummer 2021
- Extent and Intensity
- 2/2/0. 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/cFPH: Mon 15:45–16:29 E222, Mon 16:30–17:15 E222, D. Kubíčková
N_UcS/pFPH: Mon 14:00–14:44 E222, Mon 14:45–15:30 E222, 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 I. a II. díl, Praha: Eupress 2006 a 2010 (dočasně), ISBN 2006.80-86754-72-3, ISBN 2010 978-807-4080-302
- 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.
- recommended literature
- Šrámková, Alice a Křivánková, Martina. Mezinárodní standardy účetního výkaznictví: praktické aplikace. Šesté aktualizované vydání. Praha: Institut certifikace účetních, a.s., 2015. 329 stran. Vzdělávání účetních v ČR. ISBN 978-80-86716-99-2.
- STROUHAL J., BONACI C.G., MUSTATA R., International accounting practices, Praha: Oeconomica 2014, ISBN 978-80-245-2040-7
- 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.
- Saxunová, Darina. Financial statements for the needs Of managers: in the global accounting standards: US GAAP and IFRS. First edition. Prague: Wolters Kluwer, 2019. 199 stran. ISBN 978-80-7598-342-8.
- 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: 12 hodin KS/semestr.
- Enrolment Statistics (Summer 2021, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/summer2021/N_UcS