MPF_UFII Accounting of financial institutions

Faculty of Economics and Administration
Autumn 2019
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Martina Sponerová, Ph.D. (lecturer)
Ing. Petr Valouch, Ph.D. (lecturer)
Ing. Martina Sponerová, Ph.D. (seminar tutor)
Ing. Petr Valouch, Ph.D. (seminar tutor)
Guaranteed by
Ing. Petr Valouch, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Ing. Peter Mokrička, Ph.D.
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Wed 8:00–9:50 P106
  • Timetable of Seminar Groups:
MPF_UFII/01: Fri 8:00–9:50 P201, M. Sponerová, P. Valouch
MPF_UFII/02: Fri 10:00–11:50 P201, M. Sponerová, P. Valouch
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 100 student(s).
Current registration and enrolment status: enrolled: 0/100, only registered: 0/100, only registered with preference (fields directly associated with the programme): 0/100
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to provide insight and acquire skills in accounting of commercial insurance companies, banks and other financial institutions.
Learning outcomes
At the end of this course the student will be able: to orientate oneself in legal regulation of accounting of financial institutions, to use special chart of accounts of insurance companies and bank, to account characteristics operation of financial institutions, to compile and read financial statements of insurance companies and banks, to orientate in annual reports.
Syllabus
  • 1. Specifications of accounts of insurance companies and banks, legal regulation, chart of accounts and accounting procedures for banks and insurance companies, the principles of valuation in the accounts of insurance companies and banks
  • 2. The accounting of insurance companies - accounting of financial placement (land, buildings, deposits, securities and derivatives) and other property which is not a financial placement
  • 3. Accounting of claims and liabilities (insurance contracts, reinsurance)
  • 4. Accounting of other claims and liabilities, temporary accounts, accounting for equity capital and foreign sources (with the exception of technical reserves)
  • 5. Accounting of technical reserves, the influence of reinsurance at technical reserves
  • 6. Accounting of costs and revenues, technical and non-technical account
  • 7. The financial statements of insurance companies and their utilization for management
  • 8. Bank accounting – cash transactions and accounting of bank-to-bank operations
  • 9. Accounting of deposit and credit operations of customers
  • 10. Accounting of other claims and liabilities (encashment, operation between headquarters and branch), accounting of tangible and intangible assets
  • 11. Securities operations (accounting of own emission, claims and liabilities from transactions in securities, accounting of derivatives)
  • 12. Accounting of long-term foreign sources of bank, of equity capital and of bank costs and revenues
  • 13. Accounting of off-balance sheet, financial statements, the annual report and the obligation of publishing the data
Literature
    required literature
  • JÍLEK, Josef and Jitka SVOBODOVÁ. Účetnictví bank a finančních institucí 2009. 7. vyd. Praha: Grada, 2009, 584 s. ISBN 9788024730486. info
  • VALOUCH, Petr. Účetnictví komerčních pojišťoven. 2., přeprac. vyd. Brno: Masarykova univerzita, 2008, 110 s. ISBN 9788021045828. info
    recommended literature
  • JÍLEK, Josef and Jitka SVOBODOVÁ. Účetnictví podle mezinárodních standardů účetního výkaznictví 2013. 3. vyd. Praha: Grada Publishing, 2013, 448 s. ISBN 9788024747101. URL info
  • HULEŠ, Jan and Jana HORNIGOVÁ. Účetnictví pojišťoven. 2. aktualiz. a přeprac. vyd. Praha: Linde, 2009, 287 s. ISBN 9788072017539. info
Teaching methods
lectures, in seminars accounting of typical operations for financial institutions with using special chart of accounts of insurance companies and banks and other financial institutions
Assessment methods
Conditions for incoming to exam: 2 continuously written tests (2 tests á 25 points, 60 % from each single test), active participation on seminars (3 absences accepted). Written exam (4 theoretical questions and elaboration of two complex accouting problems, max. 50 points, min. 30 points). "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 (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.
Credit evaluation note: k = 1,0.
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_UFII