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Course info
KFU / FIV
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Course description
Department/Unit / Abbreviation
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KFU
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FIV
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Academic Year
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2023/2024
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Academic Year
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2023/2024
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Title
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Financial Reporting
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Form of course completion
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Exam
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Form of course completion
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Exam
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Accredited / Credits
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Yes,
6
Cred.
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Type of completion
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Written
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Type of completion
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Written
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Time requirements
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Lecture
2
[Hours/Week]
Tutorial
2
[Hours/Week]
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Course credit prior to examination
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Yes
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Course credit prior to examination
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Yes
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Automatic acceptance of credit before examination
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Yes in the case of a previous evaluation 4 nebo nic.
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Included in study average
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YES
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Language of instruction
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Czech
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Occ/max
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Automatic acceptance of credit before examination
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Yes in the case of a previous evaluation 4 nebo nic.
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Summer semester
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0 / -
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0 / -
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0 / -
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Included in study average
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YES
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Winter semester
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302 / -
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0 / -
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1 / -
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Repeated registration
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NO
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Repeated registration
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NO
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Timetable
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Yes
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Semester taught
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Winter semester
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Semester taught
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Winter semester
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Minimum (B + C) students
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10
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Optional course |
Yes
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Optional course
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Yes
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Language of instruction
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Czech
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Internship duration
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0
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No. of hours of on-premise lessons |
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Evaluation scale |
1|2|3|4 |
Periodicity |
každý rok
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Evaluation scale for credit before examination |
S|N |
Periodicita upřesnění |
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Fundamental theoretical course |
No
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Fundamental course |
Yes
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Fundamental theoretical course |
No
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Evaluation scale |
1|2|3|4 |
Evaluation scale for credit before examination |
S|N |
Substituted course
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None
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Preclusive courses
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N/A
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Prerequisite courses
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N/A
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Informally recommended courses
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N/A
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Courses depending on this Course
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N/A
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Histogram of students' grades over the years:
Graphic PNG
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XLS
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Course objectives:
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To acquaint students with financial reporting in the position of different users. Explain to students the needs of individual users, data sources, their explanatory power and tools to ensure a true and fair view of the financial position respectively performance of the business.
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Requirements on student
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A) the credit:
Passing the final test and obtain at least 20 points (most of the test = 30 points).
Students are allowed to repeate the test once.
B) in the test:
1) graduation combined test:
-written - 45 minutes, a total of 100 points, the obligation to achieve at least 60 points,
-speaking part - comparison of knowledge FIV and UCE,
- student have to pass both parts of exam.
Specification requirements for students combined study is Courseware.
Note: Student is able to actively use the e-learning tools of the subject and work with them. The written part of the exam is realized through Learning Management System Moodle - it is realized fully electronic and takes place in a classroom equipped PC.
Within the requirements for students, changes may occur with regard to the epidemiological situation.
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Content
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Regulation and harmonization of financial accounting
- regulation of accounting in the Czech Republic, international accounting systems, harmonization, development of accounting of companies/non-profit organizations
Valuation of assets and liabilities
- valuation bases of the Czech Republic and IAS/IFRS, influence of inflation, preservation of production capital
Balance sheet and the issue of reporting balance sheet items
- the role of the statement, items, relationship of quantities, risk factors of information potential, balance sheet of non-profit organizations
Balance sheet - advanced analysis
- reporting of external sources of financing, valuation, accounting and reporting of operations with financial assets
Profit and loss statement, the issue of reporting profit transactions, assigning costs to revenues
- scope and types of statement, description of items, costs and revenues in businesses/non-profit organizations
Equity, compiling an overview of changes in equity
- assembly methods, description of items, differences in composition according to the form of business
Closing operations, link to corporate control systems
- operations ensuring a true picture, the accrual principle and the principle of prudence
Financial Statements
- regular, extraordinary, interim financial statements
Overview of cash flows, settlement of operations affecting cash flow
- compilation methods, link to other reports, income and expenses of businesses/non-profit organizations
Transformation of accounting data into tax bases, calculation of payable and deferred income tax
- conversion of the economic result to the tax base, calculation methods of payable and deferred taxes
Consolidation and convergence of accounting data
- purpose, methods, information potential of consolidated financial statements, data conversion to another accounting system
Accounting data as a basis for financial management and decision-making
- information link between reports, analytical activity in accounting, financial analysis
Audit and ethics in accounting, creative methods, forensic investigation
- terms and benefits of auditing, ethics and codes in the accounting profession, methods of creative accounting, examples and applications of forensic investigations
Convergence of accounting systems, new development trends in accounting systems
- convergence process, application of IFRS 1 and IAS 1, new trends in accounting for entrepreneurs/non-profit organizations
Additional information for students of the combined form of study is in COURSEWARE.
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Activities
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Fields of study
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Guarantors and lecturers
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-
Guarantors:
Doc. Ing. Jana Hinke, Ph.D. (100%),
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Lecturer:
Doc. Ing. Jana Hinke, Ph.D. (100%),
Ing. Bc. Hana Hornová, MBA (100%),
Ing. Veronika Komorousová, Ph.D. (100%),
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Tutorial lecturer:
Ing. Bc. Hana Hornová, MBA (100%),
Ing. Veronika Komorousová, Ph.D. (100%),
Ing. Alena Palacká, Ph.D. (100%),
Ing. Lucie Vallišová, Ph.D. ,
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Literature
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Basic:
-. České účetní standardy pro účetní jednotky, které účtují podle vyhlášky č. 500/2002 Sb., ve znění pozdějších předpisů.
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Basic:
Červený, Josef. Finanční účetnictví. Vyd. 1. V Plzni : Západočeská univerzita, 2014. ISBN 978-80-261-0458-2.
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Basic:
-. Prováděcí vyhláška k zákonu o účetnictví č. 500/2002 Sb. ve znění pozdějších předpisů.
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Basic:
Hinke, Jana; Bárková Dana, Hruška, Zdeněk. Účetnictví 2: pokročilé aplikace. Praha: Grada publishing.. Praha, 2016. ISBN 978-80-247-4281-.
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Basic:
Zákon č.563/91 Sb. o účetnictví v platném znění.
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Extending:
Daňové zákony ČR v platném znění.
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Recommended:
Stárová, Marta. Asymmetries in accounting information. Praha: PowerPrint, 2014. ISBN 978-80-87994-10-8.
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Recommended:
MÜLLEROVÁ, Libuše a Vladimír KRÁLÍČEK. Auditing. Praha: Oeconomica, 2014. ISBN 978-80-245-2018-6.
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Recommended:
Strouhal Jiří, Bonaci Carmen G., Mustaţă Răzvan V. INTERNATIONAL ACCOUNTING PRACTICES. Praha: Oeconomica, 2014. ISBN 978-80-245-2040-7.
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On-line library catalogues
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Time requirements
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All forms of study
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Activities
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Time requirements for activity [h]
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Contact hours
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52
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Preparation for comprehensive test (10-40)
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40
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E-learning [dáno e-learningovým kurzem]
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10
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Preparation for an examination (30-60)
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60
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Total
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162
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Prerequisites
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Knowledge - students are expected to possess the following knowledge before the course commences to finish it successfully: |
Study course assumes understanding of accounting from the beginning to the end of the accounting period and an understanding of accounting methods and procedures. |
Skills - students are expected to possess the following skills before the course commences to finish it successfully: |
Compile the statement of financial position (balance sheet) |
Compile the statement of profit and loss and other comprehensive income for the period (income statement) |
Account for basic accounting cases |
Competences - students are expected to possess the following competences before the course commences to finish it successfully: |
N/A |
- use the knowledge acquired by studying the subject KFU/UCE
- understand the basic accounting principles and methods |
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Learning outcomes
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Knowledge - knowledge resulting from the course: |
formulate approaches and methods of valuing, accounting, and reporting items that inform about the assets of the enterprise, the sources from which the assets were acquired, the increase and decrease of economic benefits, and cash flows. |
to define the obligation to account and prepare the financial statements according to the Czech legislation in varying extent, to define the audit-necessity of the accounting data by the auditor. |
define the information needs of individual users, define the differences in these needs, and formulate the accounting data to meet the needs. |
Skills - skills resulting from the course: |
to separately account for the main issues leading to a true and fair view of the business. |
read financial statements, select and justify the appropriate items of financial statements to perform financial analysis of business entities |
to be able to transform data according to the requirements of tax regulations, to separately calculate and account for current and deferred income tax. |
Competences - competences resulting from the course: |
N/A |
student is able to:
- use the acquired knowledge and skills in business practice (accounting and taxes)
- use the acquired knowledge and skills while studying for Master's degree |
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Assessment methods
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Knowledge - knowledge achieved by taking this course are verified by the following means: |
Combined exam |
Test |
Skills - skills achieved by taking this course are verified by the following means: |
Combined exam |
Test |
Competences - competence achieved by taking this course are verified by the following means: |
Combined exam |
Test |
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Teaching methods
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Knowledge - the following training methods are used to achieve the required knowledge: |
Practicum |
E-learning |
Self-study of literature |
Individual study |
One-to-One tutorial |
Interactive lecture |
Skills - the following training methods are used to achieve the required skills: |
Interactive lecture |
Practicum |
E-learning |
Lecture |
Competences - the following training methods are used to achieve the required competences: |
Interactive lecture |
Self-study of literature |
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