Course Details

Accounting

Academic Year 2023/24

BVA007 course is part of 1 study plan

​ BPC-SI / E Summer Semester 3rd year

The course is focused on the basic rules of keeping evidence of company’s economic, its meaning and relevance to the needs of building economists.
Legal limits are explained to students, ie accounting legislation, Act No. 563/91 Coll and applicable accounting procedures.
The course is interested in Accounting system, tax accounting and double-entry accounting.
Financial accounting.
Basic accounting of assets and resources.
Evidence of costs and revenues.
Closing and financial statements.
Work with the financial statements.
The importance of accounting in corporate financial management.

Course Guarantor

Ing. Eva Vítková, Ph.D.

Institute

Institute of Structural Economics and Management

Objective

To get fundamental skills and knowledge about financial accounting. Ability to account typi-cal 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

Knowledge fundamental skills and knowledge about financial accounting.

Syllabus

1.–2. Legislation act 563/91 coll. accounting, meaning and significance. History of accounting. Basic principles of accounting. Metodological tools of accounting.
3. Balance sheet and changes in balance sheet. Chart of accounts and sample chart of accounts.
4.–5. Characterization and valuation of fixed assets. Accounting operations with fixed assets.
6.–7. Characterization and valuation of inventory.Accounting operations with inventory.
8. Accounting relationships.
9. Capital accounts and long term liabilities.
10.–11. Costs and revenues.
12.–13. Annual closing. Financial statements and cash flow.

Prerequisites

Knowledge of financing and construction firm economy.

Language of instruction

Czech

Credits

4 credits

Semester

summer

Forms and criteria of assessment

course-unit credit and examination

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/272946

Lecture

13 weeks, 2 hours/week, elective

Syllabus

1.–2. Legislation act 563/91 coll. accounting, meaning and significance. History of accounting. Basic principles of accounting. Metodological tools of accounting.

3. Balance sheet and changes in balance sheet. Chart of accounts and sample chart of accounts.

4.–5. Characterization and valuation of fixed assets. Accounting operations with fixed assets.

6.–7. Characterization and valuation of inventory.Accounting operations with inventory.

8. Accounting relationships.

9. Capital accounts and long term liabilities.

10.–11. Costs and revenues.

12.–13. Annual closing. Financial statements and cash flow.

Exercise

13 weeks, 2 hours/week, compulsory

Syllabus

1.–2. Accounting documents. Introduction to the tax evidence. Keeping cash book and books of ancillary evidence.

3. Economic processes in the system of accounts.

4.–5. Long-term assets. Acquisition. Depreciation. Disposals.

6.–7. Inventory. A and B stock records. Inventory valuation. Inventory stock.

8. Financial accounts. Evidence of valuables, cash and non-cash transactions. Evidence of wages.

9. Accounting relations. Receivables and trade payables. Taxes and subsidies.

10.–11. Evidence of costs and revenues. Costs and revenues from operating, financial and extraordinary activities. Accrued expenses and revenues. Exchange rate differences.

12. Capital accounts and long-term liabilities. Equity. Provisions. Distribution of profit.

13. Annual financial statements and closing. Determining income tax of artificial persons. Principle continuity. Credit test.