Course Details

Accounting

Academic Year 2023/24

GV53 course is part of 1 study plan

​ B-P-C-GK / GI Summer Semester 3rd year

Legal frameworks for the accounting system, Act No 563/91 Coll. Processes of accounting. Accounting systems, single-entry system and double entry system. Financial accounting. Basic accounting in the area of property and sources. Evidence of costs and returns. Financial statement. Working with accounting statements. Importance of the accounting in the financial management of the firm.

Credits

2 credits

Language of instruction

Czech

Semester

summer

Course Guarantor

doc. Ing. Eva Vítková, Ph.D.

Institute

Institute of Structural Economics and Management

Forms and criteria of assessment

course-unit credit

Entry Knowledge

Knowledge of financing and construction firm economy.

Aims

To get fundamental skills and knowledge about financial accounting. Ability to account typical accounting transactions from the area of property and financial sources, further then in the costs and returns evidence. Ability to put together prescribed account reports and to work with them for financial management needs.
Knowledge about financial accounting. Ability to account typical accounting transactions from the area of property and financial sources, further then in the costs and returns evidence.

Basic Literature

Zákon č. 563/91 Sb., o účetnictví. 0. (cs)
KOVANICOVÁ, Dana: Finanční účetnictví v kontextu současného vývoje. Praha: Polygon, 1997. ISBN 80-85967-51-0. (cs)
Opatření MF č.j.281/89 759/2001, kterým se stanoví účtová osnova a postupy účtování pro podnikatele. 2001. (cs)
Vyhláška č.500/2002 Sb.. 2002. (cs)
Sutton, Tim: Corporate Financial Accounting and Reporting. Prentice Hall, 2004. ISBN 978-0-273-67620-1. (en)

Syllabus

1.–2. Act. No 563/91 Coll. about accounting.
3. Assets and liabilities. Balance sheet, types of balance sheets. Balance sheet day. Costs and revenues of accounting unit.
4. Account. Types of accounts. Basic accounting operation in the area of assets, accounting of costs and revenues.
5. Chart of acounts and accounting procedures for entrepreneurs. Accounting of long tangible and intangible assets.
6. Stock accounting.
7. Accounting for financial accounts. Accounting of receivables and liabilities.
8. Evidence of wages. Accounting in relation to state budget (taxes and grants).
9. Accounting of costs and revenues.
10. Accrued expenses and revenues. Estimated items.
11. Creation and use of reserves. Link to income tax.
12. Accounting in accounting class 4 - Capital accounts and long-term liabilities.
13. Closing of accounts. Accounting procedures at the end of accounting period. Closing and opening of accounting books. Using of profit or loss.

Prerequisites

Knowledge of financing and construction firm economy.

Specification of controlled instruction, the form of instruction, and the form of compensation of the absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Offered to foreign students

Not to offer

Course on BUT site

https://www.vut.cz/en/students/courses/detail/271621

Lecture

13 weeks, 2 hours/week, elective

Syllabus

1.–2. Act. No 563/91 Coll. about accounting.

3. Assets and liabilities. Balance sheet, types of balance sheets. Balance sheet day. Costs and revenues of accounting unit.

4. Account. Types of accounts. Basic accounting operation in the area of assets, accounting of costs and revenues.

5. Chart of acounts and accounting procedures for entrepreneurs. Accounting of long tangible and intangible assets.

6. Stock accounting.

7. Accounting for financial accounts. Accounting of receivables and liabilities.

8. Evidence of wages. Accounting in relation to state budget (taxes and grants).

9. Accounting of costs and revenues.

10. Accrued expenses and revenues. Estimated items.

11. Creation and use of reserves. Link to income tax.

12. Capital accounts and long-term liabilities.

13. Closing of accounts. Accounting procedures at the end of accounting period. Closing and opening of accounting books. Using of profit or loss.