MPF_AACC Accounting (Basics)

Faculty of Economics and Administration
Autumn 2015
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Oleksandra Lemeshko (lecturer)
Ing. Oleksandra Lemeshko (seminar tutor)
Guaranteed by
Ing. Petr Valouch, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable of Seminar Groups
MPF_AACC/01: Tue 14:35–16:05 P403, O. Lemeshko
Prerequisites
(! BPF_FIU1 Financial Accounting 1 ) && (! BPF_FIU2 Financial Accounting 2 )
The course Accounting (Basics) is a follow-up to the basic courses of accounting at other high schools and knowledge gained there. No special prerequisites are demanded.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 0/24
fields of study / plans the course is directly associated with
Course objectives
At the end of this course a student should be able to:
- describe and explain basic principles, assumptions and approaches of IFRS for SMEs;
- use basic methods of accounting viewing economic processes in companies according to IFRS for SMEs;
- analyze simple economic problems, establish basic procedures to assess an impact of accounting and financial solutions on entity's business result according to IFRS for SMEs;
- compile financial statements of an entity according to IFRS for SMEs;
- transit to IFRS for SMEs.
Syllabus
  • 1. IFRS for SMEs. Concepts and Principles.
  • 2. Financial statements presentation. Consolidated financial statements.
  • 3. Accounting policy, estimates and errors. Property, plant and equipment.
  • 4. Intangible assets, business combinations and goodwill.
  • 5. Lease. Impairment of assets.
  • 6. Inventories. Provisions and contingencies.
  • 7. Financial instruments.
  • 8. Equity and liabilities. Revenue.
  • 9. Income tax. Foreign currency transactions.
  • 10. Transition to IFRS for SMEs.
Literature
    required literature
  • International financial reporting standard for small and medium-sized entities (IFRS for SMEs). London: International Accounting Standards Board, 2009, 230 s. ISBN 9781907026171. info
    recommended literature
  • IFRS made easy. Edited by Steven M. Bragg. Hoboken, N.J.: Wiley, 2011, x, 266 p. ISBN 9781118003626. info
  • MLÁDEK, Robert. IFRS policies and procedures. Vyd. 1. Praha: Leges, 2009, 351 s. ISBN 9788087212134. info
  • HÝBLOVÁ, Eva. Mezinárodní účetnictví pro kombinované studium. 1. vyd. Brno: Masarykova univerzita, 2008, 129 s. ISBN 9788021046726. info
  • HÝBLOVÁ, Eva. Praktické aplikace Mezinárodních standardů účetního výkaznictví. 2007. info
Teaching methods
Lecture of the theory, on the seminars accounting of basic economic operations typical for companies using IFRS for SMEs. Compilation of simplified financial statements. 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.
Assessment methods
Claims for exam:
- 85% participation of seminars is required (i.e. absence at max 2 seminars is allowed).
- 60% of final grade can be received during final exam and 40% of final grade can be received during seminars. 40% is splitted into 2 midterm tests (10% each) and 1 presentation (20%) or activity at the seminars (20%).
- In case of practical presentation (i.e. exercise), the exercise is chosen by a student or by a lecturer always minimally one week in advance. Unless the student is excused (he/she is ill), the student has to present the exercise at specified date. Topics for theoretical presentations should be agreed with a lecturer at the beginning of the semester.
- Two midterm tests, minimum required amount is 60% of correct answers. Tests contain theoretical (questions) and practical part (exercises).
- Final test is a written exam.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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The course is also listed under the following terms Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2015, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2015/MPF_AACC