Financial Accounting 2
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.
- Regular price: 5880 CZK
- Timetable: jaro 2022
Fri 25. 2. 16:00–19:50 P104, Sat 12. 3. 8:00–11:50 P106, Fri 8. 4. 12:00–15:50 P101, Fri 6. 5. 12:00–15:50 P106
- Department of Finance – Faculty of Economics and Administration
Teacher(s)
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.
