MPF_MUST International Accounting Standards

Faculty of Economics and Administration
Autumn 2019
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Eva Hýblová, Ph.D. (lecturer)
doc. Ing. Jana Vodáková, Ph.D. (lecturer)
Mgr. Ing. Filip Hampl, Ph.D., LL.M. (seminar tutor)
Ing. Eva Hýblová, Ph.D. (seminar tutor)
Bc. Dana Peňázová (assistant)
Guaranteed by
doc. Ing. Jana Vodáková, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Tue 10:00–11:50 P303
  • Timetable of Seminar Groups:
MPF_MUST/01: Tue 18:00–19:50 P304, F. Hampl
MPF_MUST/02: Wed 10:00–11:50 S313, E. Hýblová
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 54 student(s).
Current registration and enrolment status: enrolled: 0/54, only registered: 0/54, only registered with preference (fields directly associated with the programme): 0/54
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, HAMPL Filip a Petr SVOBODA. Mezinárodní standardy účetního výkaznictví. 2019. Studijní text, dostupný v ISU na stránce předmětu.
  • HÝBLOVÁ Eva a Filip HAMPL. Mezinárodní standardy účetního výkaznictví - pracovní sešit. Studijní materiál, dostupný v ISU na stránce předmětu.
    recommended literature
  • KRUPOVÁ, Lenka. IFRS : mezinárodní standardy účetního výkaznictví, interpretace a aplikace v podnikové praxi. 3. vydání. Praha: 1. Vox, 2019, iv, 740. ISBN 9788087480700. info
  • International Financial Standards Board. IFRS 2011. International Financial Reporting Standards. United Kingdom. ISBN 978-1-907877-02-5
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). 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
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 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2019, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2019/MPF_MUST