ESF:BPF_MSUV IFRS for SMEs - Course Information

BPF_MSUV International Financial Reporting Standard for Small and Medium-sized Enterprises

Extent and Intensity

0/2. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Eva Hýblová, Ph.D. (lecturer)

Guaranteed by

Ing. Eva Hýblová, Ph.D.
Department of Finance – Faculty of Economics and Administration
Supplier department: Department of Finance – Faculty of Economics and Administration

Timetable of Seminar Groups

BPF_MSUV/01: Thu 14:35–16:15 P303, E. Hýblová

Prerequisites (in Czech)

BPF_FIU1 Financial Accounting 1

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 53 student(s).
Current registration and enrolment status: enrolled: 0/53, only registered: 0/53, only registered with preference (fields directly associated with the programme): 0/53

fields of study / plans the course is directly associated with

there are 27 fields of study the course is directly associated with, display

Course objectives

The main objective of the course is to make students familiar with harmonization of accounting of small and medium-sized enterprises. The emphasis is put on the issue of recognizing and measurement at the statements. At the end of the course students should be able to: characterize harmonization methods of accounting of small and medium-sized enterprises, use the principles of recognition and measurement of the items in the financial statements.

Syllabus

• Preface to the IFRS for SMEs. Concepts and pervasive principles. Financial statement presentation (statement of financial position, statement of comprehensive income).

• Statement of changes in equity, statement of cash flow. Consolidated and separate financial statements.

• Accounting policies, estimates and errors. Invetories.

• Property, plant and equipment. Leases. Impairment of assets.

• Intangible assets other than goodwill. Business combination and goodwill.

• Provisions, Revenue. Equity. Income tax.

• Borrowing costs. Government grants. Foreign currency translation.

• Financial instruments.

• Transition to the IFRS for SMEs.

Literature

required literature
• HÝBLOVÁ, Eva. Účetní výkaznictví pro malé a střední podniky. 1. vyd. Brno: Masarykova univerzita, 2010, 92 pp. ISBN 978-80-210-5319-9. info

recommended 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
• International financial reporting standard for small and medium-sized entities (IFRS for SMEs) : illustrative financial statements, presentation and disclosure checklist. London: International Accounting Standards Board, 2009, 64 s. ISBN 9781907026164. info

Teaching methods

The course is taught within two hours of seminars per week. The seminars require an active participation, the emphasis is on self-study. Seminars are aimed at recognition and measurement of assets and liabilities according to IFRS for SMEs.

Assessment methods

The course has a form of two seminars per week. It is completed by a written exam which comprises of a theoretical part as well as a practical one. In the course of the semester there are two scheduled in-term tests. The minimum success rate to pass them is 60%. The students are also supposed to deliver a presentation.

Language of instruction

Czech

Further Comments

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.

• Enrolment Statistics (Spring 2015, recent)
  
• Permalink: https://is.muni.cz/course/econ/spring2015/BPF_MSUV