MPF_MUST International Financial Reporting

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
In-person direct teaching
Teacher(s)
Mgr. Ing. Filip Hampl, Ph.D., LL.M. (lecturer)
prof. Ing. Eva Horvátová, CSc. (lecturer)
Mgr. Ing. Filip Hampl, Ph.D., LL.M. (seminar tutor)
Guaranteed by
prof. Ing. Eva Horvátová, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Thu 12:00–13:50 P106, except Thu 19. 9., except Thu 7. 11.
  • Timetable of Seminar Groups:
MPF_MUST/01: Tue 18:00–19:50 P304, except Tue 17. 9., except Tue 5. 11., F. Hampl
MPF_MUST/02: Tue 16:00–17:50 P102, except Tue 17. 9., except Tue 5. 11., F. Hampl
MPF_MUST/03: Thu 16:00–17:50 P201, except Thu 19. 9., except Thu 7. 11., F. Hampl
Prerequisites (in Czech)
Předmět předpokládá znalost finančního účetnictví a finančních výkazů v rozsahu předmětu BPF_FIU1 Finanční účetnictví 1, ekonomické znalosti týkající se majetkové a finanční struktury obchodních společností, možností financování a finančních nástrojů v rozsahu předmětu BPF_FIMG Finanční management a základní právní dovednosti v rozsahu předmětu BPP_ZAPR Základy práva.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 85 student(s).
Current registration and enrolment status: enrolled: 89/85, only registered: 1/85, only registered with preference (fields directly associated with the programme): 0/85
fields of study / plans the course is directly associated with
Course objectives
The purpose of the subject is to acquaint students with fundamental trends of accountancy harmonization in Europe, directive EU 2013/37/EU and International Financial Reporting Standards. The intent is also to introduce International Financial Reporting Standards. Further more the subject is intended to be descriptive in matter of recognize and measure of the Financial Statement issue in unity with Standards.
Learning outcomes
At the end of this course, the students should be able to:
- characterize the general methods of harmonization in accounting;
- use regulations of recognition and measurement of the elements in financial statements according to the International Financial Reporting Standards;
- prepare the financial statements according to IFRS;
- apply these Standards.
Syllabus
  • Introducing to the European accounting, harmonization of accounting, Directives of the European Union.
  • International Financial Reporting Standards.
  • IAS 1 - Presentation of Financial Statements; IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors; IFRS 1 - First-time Adoption of International Financial Reporting Standards; IAS 7 -Cash Flow Statements.
  • IAS 16 - Property, Plant and Equipment; IAS 40 - Investment Property
  • IAS 38 - Intangible Assets.
  • IFRS 16 - Leases.
  • IAS 36 - Impairment of Assets.
  • IAS 2 – Inventories, IAS 37 - Provisions, Contingent Liabilities and Contingent Assets.
  • IFRS 9 - Financial Instruments.
  • IFRS 15 — Revenue from Contracts with Customers.
  • IAS 12 – Income Taxes.
  • The Effects of Changes in Foreign Exchange Rates, IAS 20 - Accounting for Government Grants and Disclosure of Government Assistance. IAS 23 - Borrowing Costs.
  • Closing seminar.
Literature
    required literature
  • HÝBLOVÁ, Eva and Filip HAMPL. Mezinárodní standardy účetního výkaznictví. Studijní text (International Financial Reporting Standards. Study text). 1., elektronické vydání. Brno: Masarykova univerzita, 2020, 189 pp. ISBN 978-80-210-9580-9. URL URL info
  • HÝBLOVÁ Eva a Filip HAMPL. Mezinárodní standardy účetního výkaznictví. Pracovní sešit. Brno: Masarykova univerzita, 2021. Dostupný online v IS MUNI v interaktivní osnově.
  • ERNST YOUNG. International GAAP 2023. Generally Accepted Accounting Practice under International Financial Reporting Standards. 18. vydání. EY International Financial Reporting Group, 2023. 5868 s., ISBN 9780117094369.
  • Aktuální znění IFRS standardů a IFRIC interpretací dostupné v nařízení Komise (EU) 2023/1803 ze dne 13. srpna 2023, kterým se přijímají některé mezinárodní účetní standardy v souladu s nařízením Evropského parlamentu a Rady (ES) č. 1606/2002 (konsolido
    recommended literature
  • BRAGG, Steven M. IFRS guidebook. Centennial, Colorado: Accounting Tools, 2019, xiv, 433. ISBN 9781642210316. info
  • KRUPOVÁ, Lenka. IFRS : mezinárodní standardy účetního výkaznictví, interpretace a aplikace v podnikové praxi. 3. vydání. Praha: 1. Vox, 2019, iv, 740. ISBN 9788087480700. info
  • DVOŘÁKOVÁ, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 5. aktualizované vydání. Brno: BizBooks, 2017, 368 pp. ISBN 978-80-265-0692-8. info
  • ROBERT, Mládek. IFRS and US GAAP: accounting policies and procedures. 2017. ISBN 978-80-7502-194-6. info
Teaching methods
The course is taught 2 hours per for lectures and two hours for seminars. The seminars are aimed at solving examples and case studies, stemming from recognition of assets, liabilities, income and revenues in accordance with International Financial Reporting Standards.
Assessment methods
The subject is taught within the range of two lectures and two seminars per week. It is enclosed by an exam, which is supposed to be written and comprises of the theoretical part as well as the practical. Throughout the semester, this is one control tests on schedule. The minimal score tolerated is 60%. The students are also liable to perform one presentation, which is classified as well (passed/failed).

The exact requirements for completing the course also apply to students studying abroad (e.g. Erasmus) with an individual study plan, except for the compulsory attendance (alternative assignment is provided instead). More information on the alternative assignment is given in the interactive syllabus of the course. Students are required to contact the seminar tutor in the first teaching week of the semester and arrange the deadlines for fulfilling the assignment.

Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination."
Language of instruction
Czech
Study support
https://is.muni.cz/auth/el/econ/podzim2024/MPF_MUST/index.qwarp
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023.
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