BKF_FIU2 Financial Accounting 2

Faculty of Economics and Administration
Spring 2024
Extent and Intensity
26/0/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michaela Jurová, Ph.D. (lecturer)
Ing. Petr Valouch, Ph.D. (lecturer)
Guaranteed by
Ing. Petr Valouch, 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 23. 2. 12:00–15:50 P103, Fri 15. 3. 12:00–15:50 P103, Fri 12. 4. 16:00–19:50 P103, Fri 3. 5. 12:00–15:50 P103
Prerequisites
( BKF_FIU1 Financial Accounting 1 || BKF_FIC1 Financial Accounting 1 ) && FORMA(K)
The course "Financial accounting 2" follows Financial accounting 1 and other compulsory courses of the faculty and knowledge gained there.
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
Course objectives
The course enlarges students knowledge gained in the Financial accounting 1. It interconnects theoretical attitudes, principles and methods of accounting that are used in depiction of economic transactions made by particular economic subjects. There are involved detailed accounting techniques connected to company assets and liabilities, mainly related to businesses, equity and long-term borrowed capital. Students are detailed acquainted with accounting techniques connected with revenues and expenses of accounting units, with closing items at the end of accounting period and preparation of closing balance sheet, the calculation of net income and preparing of financial statements. Also information concerning mutual comparison of the Czech accounting procedures and IFRS is included, likewise utilization of information technologies in accounting. The course is aimed to acquaint students with basic accounting techniques concerning assets and liabilities of corporations and main differences between the Czech accounting procedures and IFRS. The course is also focused on preparation of financial statements, interpretation of accounting data in the processes of financial management and utilization of information technologies in accounting. Finishing the course students should to know theoretical attitudes and accounting methods and their application within solving usual accounting transactions according to the the Czech rules and IFRS.
Learning outcomes
Finishing the course students should be able to:
- apply theoretical approaches to identify a problem and propose accounting solution;
- use appropriate accounting methods for presenting economic processes of companies according to the Czech accounting rules and IFRS;
- analyze economic problems, to propose accounting solution and identify its impact on net income;
- prepare financial statements of the corporation and be informed about their content.
Syllabus
  • 1. The meaning and character of short-term financial assets and liabilities, their valuation, accounting techniques, inventorying and analytical evidence.
  • 2. Inventory, classification, accounting methods, valuation, inventorying and analytical evidence, transactions at the end of accounting period.
  • 3. Long-term assets and their valuation, classification, accounting techniques concerning long-term assets, depreciation.
  • 4. Characteristic of clearing relations. Accounting procedures concerning receivables and liabilities from business operations, clearing with employees, institutions, shareholders, corporations and companies associated in group, taxes, accruals and deferrals.
  • 5. Owners equity and its structure. Changes in equity, capital funds, profit funds, net income. Long-term borrowed capital and reserves, obligation emission and long-term bank credits, accounting techniques.
  • 6.Expenses and revenues, accounting procedures, net income, analytical evidence related to income tax. Calculation of the base for income tax, income tax.
  • 7. Closing the books. Control of completeness, correctness and conclusive evidence of accounting, inventorying of assets and liabilities and closing items.
  • 8. Preparation of financial statements – balance sheet, income statement, Notes to the financial statements, cash flow statement and equity changes statement.
  • 9. Recording and presenting of common economic transactions according to IFRS. Main differences between IFRS and the Czech accounting procedures.
  • 10. Information technologies in accounting. Software products and their utilization within recording of common economic transactions.
Literature
    required literature
  • VODÁKOVÁ, Jana, Eva HÝBLOVÁ, Zuzana KŘÍŽOVÁ, Petr VALOUCH and Filip HAMPL. Finanční účetnictví 2. Sbírka příkladů (Financial Accounting 2. Collection of Examples). 1. dotisk 1. vyd. Brno: Masarykova univerzita, 2022, 157 pp. ISBN 978-80-210-9644-8. info
  • 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
    recommended literature
  • RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka : průvodce podvojným účetnictvím k 1.1.2023. 23. aktualizované vydání. Olomouc: Anag, 2023, 1199 stran. ISBN 9788075543790. info
  • STEJSKALOVÁ, Irena. Finanční účetnictví pro manažery : s netradičně pojatými případovými studiemi. 3. aktualizované vydání. Praha: Wolters Kluwer, 2021, 192 stran. ISBN 9788075527738. info
  • RANDÁKOVÁ, Monika. Finanční účetnictví v České republice. Vyd. 1. V Praze: Vysoká škola ekonomická, 2015, 227 stran. ISBN 9788024520766. info
Teaching methods
Tuition takes place in the form of tutorials with the total length 16 hours. Students are acquainted with the theoretical basis of the subject and the application of accounting procedures and methods for displaying economic transactions in business corporations. Finishing the course, students should be able to prepare financial statements, interpret accounting data and assess their economic importance in the processes of financial management. In the course of the semester, the tutor controls the paper worked out by students. The course ends with a written exam test.
Assessment methods
Preparation of WCT (work corrected by tutor) according to instructions of tutor. Form of exam: written exam 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
Follow-Up Courses
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 16 hodin.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2025.
  • Enrolment Statistics (Spring 2024, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2024/BKF_FIU2