ESF:MKF_UCFI Corporate Accounting - Course Information

MKF_UCFI Corporate Accounting

Extent and Intensity

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

Teacher(s)

Ing. Eva Hýblová, Ph.D. (lecturer)
doc. Ing. Jaroslav Sedláček, CSc. (seminar tutor)

Guaranteed by

Ing. Eva Hýblová, 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

Fri 11. 3. 16:20–19:35 P103, Fri 8. 4. 16:20–19:35 P103, Sat 14. 5. 12:50–16:15 P103

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

fields of study / plans the course is directly associated with

• Finance (programme ESF, N-FU)

Course objectives

Corporate Accounting (PFUCFI) The objective of this optional course is to introduce accounting procedures and balance sheet work in different kinds of companies. The course is a follow-up to courses Financial Accounting I and II. It helps students to acquire those accounting procedures commonplace in economic activity of companies. The emphasis is put on accounting operations related to the foundation of various forms of companies, differences in accounting of the various forms of companies and their balancing. At the end of the course students should be able to: - perform specific accounting operations of companies; - calculate tax due and deferred tax; - prepare financial statements.

Syllabus

• 1. Introduction to corporate accounting and financial reporting. Definition of business in accordance with Commercial code. The scope and purpose of financial statements for internal and external reporting. The main elements of corporate accounting and financial reporting, input data. Characteristics of Czech accounting and financial reporting legislation. Professional ethics in corporate accounting and financial reporting, code of ethics.
  2. Preparing final financial statements Stocktaking of assets and liabilities, closing accounting operations for inventories, amortization of receivables, creation of correcting entries, control of accruals and deferrals, creation of reserves, compilation of tax return, accounting for income tax, calculation and accounting for deferred income tax, closing of accounting books. Compilation of financial statements - statement of financial position, statement of financial performance, cash flow statement, statement of changes in equity, disclosures and notes to financial statements. Compilation of single entity financial statements, preparation of consolidated financial statements (subsidiaries, associates).
  3. Accounting and financial reporting for business organizations Formation of new company. Registered capital. Contributions and shares of partners. Required accounting procedures at the date of company registration. Liquidation of company. Transformation of company.
  4. Accounting and financial reporting for unlimited liability company. Formation of unlimited liability company. Registered capital. Distribution of profit or loss between partners. Liquidation of unlimited liability company. Particularities of accounting and financial reporting in unlimited liability company.
  5. Accounting and financial reporting for limited partnership company. Formation of limited partnership company. Rights and obligations of partners. Distribution of profit or loss between partners. Liquidation of limited partnership company. Particularities of accounting and financial reporting in limited partnership company.
  6. Accounting and financial reporting for limited liability company. Formation of limited liability company. Position of partners, statutory board. Registered capital, operations with registered capital, loans from partners, still partner. Distribution of profit or loss between partners. Liquidation of limited partnership company. Particularities of accounting and financial reporting in limited partnership company.
  7. Accounting and financial reporting for stock company. Formation of stock company. Position of stockholders, statutory board. Registered capital, operations with registered capital. Reserves. Distribution of profit or loss between partners. Liquidation of limited partnership company. Particularities of accounting and financial reporting in stock company.
  8. Accounting and financial reporting for natural person (entrepreneur). Natural person as accounting unit. Particularities of accounting and financial reporting for natural person.

Literature

required literature
• Zákon 563/1991 Sb., o účetnictví, v aktuálním znění
• Vyhláška 500/2002 v aktuálním znění
• České účetní standardy pro podnikatele
• Zákon č. 90/2012 Sb., o obchodních korporacích
• Zákon č. 89/2012 Sb., občanský zákoník

not specified
• Účetní uzávěrka a závěrka pro kombinované studium. Studijní materiál umístění ve složce "Studijní materiály" v ISU na stránce předmětu.
• Obchodní korporace pro kombinované studium. Studijní materiál umístěný ve složce "Studijní materiály" v ISU na stránce předmětu.

Teaching methods

The subject is taught within three tutorials consisting of 16 classes.

Assessment methods

The course has a form of three tutorials (12 hours). 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%.

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.

Listed among pre-requisites of other courses

• MKF_UOKK Business accounting and consolidation
  ((BKF_FIU1&&BKF_FIU2)&&!MKF_FIU3&&!MKF_UCFI) && forma(K)  

• Enrolment Statistics (Spring 2016, recent)
  
• Permalink: https://is.muni.cz/course/econ/spring2016/MKF_UCFI