PFUCDA Accounting and Taxes

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Petr Valouch, Ph.D. (lecturer)
Ing. Petr Valouch, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Timetable
Wed 12:50–14:30 P303
  • Timetable of Seminar Groups:
PFUCDA/1: Wed 14:35–16:15 P104, P. Valouch
PFUCDA/2: Wed 16:20–17:55 P104, P. Valouch
Prerequisites
Knowledge of Financial Accounting I, II.
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 62 student(s).
Current registration and enrolment status: enrolled: 0/62, only registered: 0/62, only registered with preference (fields directly associated with the programme): 0/62
fields of study / plans the course is directly associated with
Course objectives
Accounting and Taxes (PFUCDA). The aim of the course is to expand and interconnect the knowledge of financial accounting in the context of the Czech Republic system of taxation, fully emphasising concrete solutions and an ability to draw up tax returns for individual taxes.;
Separate knowledge of accounting without application to taxes does not make a university graduate an expert on these problems while the mission of the course is to produce such experts. The course content includes introduction to procedures and impact of tax laws on financial accounting. Students should acquire fundamental skills to assess tax deductible and tax non-deductible costs and revenues from the point of view of assessing an income tax base, and they should also gain a practical ability to draw up independently an income tax return, taking into consideration the difference between a book and tax economic profit. Another skill necessary to tackle in its complexity company cash flows and impact on profit or loss is the knowledge of value added tax, including the ability to draw up a VAT tax return.
At the end of the course, students will be able to:;
- understand legal regulation of individual taxes;
- use platforms of taxation and legal ways to reduce the tax base;
- use basic ways of implementation of tax costs;
- compile income tax returns and VAT tax returns.
Syllabus
  • 1. The tax system in the Czech Republic
  • 2. Act on income tax, its structure, explanation of basic concepts
  • 3. Personal income tax and corporation income tax
  • 4. Expenses incurred to achieve, secure and maintain revenue and its impact in the accounts in terms of the tax base and the difference between the tax and book economic result
  • 5. Expenses affecting the tax base
  • 6. Expenses not affecting the tax base
  • 7. Revenue affecting the tax base, income tax exemptions, tax-exempt incomes, deductible items
  • 8. Act on Value Added Tax (VAT), its structure, explanation of basic concepts
  • 9. VAT in accounts
  • 10. Decision to be or not to be a VAT payer
  • 11. Analysis of the key sections of the law on VAT in terms of issuing tax documents
  • 12.VAT on imports, exports and travel agencies, special situations
  • 13.Comprehensive practical example on income tax and VAT.
Literature
  • Zákon č. 586/1992 Sb., o daních z příjmů
  • Zákon č. 563/1991 Sb., o účetnictví
  • Zákon č. 235/2004 Sb. o DPH
  • SEDLÁČEK, Jaroslav and Petr VALOUCH. Účetnictví a daně. 2nd ed. Brno: ESF MU, 2008, 171 pp. ISBN 978-80-210-4542-2. info
Assessment methods
A written test.
Language of instruction
Czech
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2004, Spring 2006, Spring 2007, Spring 2008.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2009/PFUCDA