ESF:BKF_FIU2 Financial Accounting 2 - Course Information

BKF_FIU2 Financial Accounting 2

Extent and Intensity

0/0/0. 8 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Michaela Jurová, Ph.D. (lecturer)
doc. Ing. Jaroslav Sedláček, CSc. (lecturer)
Ing. Petr Valouch, Ph.D. (lecturer)
doc. Ing. Jana Vodáková, Ph.D. (lecturer)
Ing. Bc. Jana Hvozdenská, Ph.D. (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

Fri 5. 4. 14:00–16:50 P101, Fri 3. 5. 12:00–14:50 P101

Prerequisites

( BKF_FIU1 Financial Accounting 1 )
The subject Financial accounting II connects on Financial accounting I and on the knowledge that the students gained in their studies up to the present in the basic faculty courses.

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Finance (programme ESF, B-FU)
• Business Management (programme ESF, B-EKM)

Course objectives

The subject enlarges students knowledge gained in the Financial accounting I. It connects on theoretical attitudes, principles and methods of accounting that are used in depiction of economic transactions made by particular economic subjects. There are involved more detailed accounting techniques connected to company assets and liabilities, mainly from the branch of business relations, equity and long-term borrowed capital. Students are more detailed acquainted with accounting techniques connected with costs and returns of accounting unit, with account closing at the end of accounting period and with making up of closing balance sheet, with the calculation of economic result, with compilation of profit and loss statement, cash flow statement and Notes to the financial statements. Necessary are information about adjustment of Czech accounting system to international accounting standards (and information technologies) in the accounting branch too. The subject is aimed to teach the students basic accounting techniques concerning assets and liabilities of economic subjects (corporations and institutions too). The subject is specially focused on compilation of accounting statements, on interpretation of accounting data and of their economic sense in the processes of financing and entrepreneurship. By its graduation students will: - know besides theoretical attitudes and accounting methods application in solving particular accounting transactions also mostly in economic praxis of companies and institutions occurring procedures of economic transactions depiction.

Syllabus

• 1. The meaning and character of short-term financial assets and liabilities, their valuation, accounting techniques, inventorying and analytical evidence. 2. Inventory accounting methods, its valuation, inventorying and analytical evidence. 3. Specific accounting techniques concerning internally produced inventory. Strange cases of inventory accounting at the end of accounting period. 4. Accounting techniques concerning long-term assets of accounting unit. Difference in valuation connected to acquired property and goodwill. 5. Characteristic of clearing relations. Accounting procedures concerning receivables and liabilities from business relationships. 6. Clearing with employees, institutions, shareholders, corporations and companies associated in group. Taxes and subsidies. Temporary accounts of assets and liabilities. 7. Accounting concerning equity of accounting unit. Changes in equity, capital funds, profit funds, accumulated profit or outstanding loss from previous years and loss/profit from this accounting period. 8. Accounting concerning long-term borrowed capital and reserves. Obligation emission and long-term bank credits. 9. Costs and returns – accounting procedures, profit, analytical evidence related to income tax. Calculation of the base for income tax, calculation of income tax due. Deferred income tax. 10. Final accounts. Control of completeness, correctness and conclusive evidence of accounting. Inventorying of assets and liabilities and closing of accounting books. Calculation and clearing of income tax. 11. Compilation of closing accounting statemenets – balance sheet, profit and loss statement, Notes to the financial statements, cash flow statement and equity changes statement. 12. Information technologies in accounting (software products). 13. The ways of accounting harmonisation (within the bounds of European integration, IFRS and US GAAP).

Literature

required literature
• SEDLÁČEK, Jaroslav, Eva HÝBLOVÁ, Zuzana KŘÍŽOVÁ and Petr VALOUCH. Finanční účetnictví (postupy účtování) (Financial Accounting (Accounting Procedures)). 1st ed. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, s.r.o., 2017, 239 pp. Účetnictví. ISBN 978-80-7380-644-6. info
• SEDLÁČEK, Jaroslav, Eva HÝBLOVÁ, Zuzana KŘÍŽOVÁ a Petr VALOUCH. Praktikum finančního účetnictví k osvojení postupů účtování v obchodních společnostech. 2. vyd. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, s.r.o., 2014. 157 s. ISBN 978-80-7380-485-5

recommended literature
• RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka : průvodce podvojným účetnictvím k 1.1.2018. 18. aktualizované vydání. Olomouc: Anag, 2018, 1063 stran. ISBN 9788075541161. info
• DVOŘÁKOVÁ, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 4. aktualiz. a rozš. vyd. Brno: BizBooks, 2014, xi, 327. ISBN 9788026501497. info

not specified
• RANDÁKOVÁ, Monika. Finanční účetnictví pro podnikatele v příkladech. Vyd. 4., přeprac. V Praze: Oeconomica, 2012, 133 s. ISBN 9788024518527. info

Assessment methods

Creation of WCT (work corrected by tutor). Written test. 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.
Information on the extent and intensity of the course: 6 hodin tutoriálu.
Credit evaluation note: k = 1,5.

Listed among pre-requisites of other courses

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

• Enrolment Statistics (Spring 2019, recent)
  
• Permalink: https://is.muni.cz/course/econ/spring2019/BKF_FIU2