Course syllabus UCET1 - Introduction to Accounting and Financial Reporting (ŠAVŠ - WS 2019/2020)

     Czech          English          

Course title: Introduction to Accounting and Financial Reporting
Semester: WS 2019/2020
Course supervisor: doc. Ing. Jiřina Bokšová, Ph.D.
Supervising department: Department of Finance and Accounting (ŠAVŠ)
Prerequisites for registration: not Bachelor state examination
Time allowance: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Type of study: usual
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (5 credits)
Course objective:
This course introduces basic categories of accounting and process of recording transactions and preparation of financial statements. It explains principles of regulations and harmonizations of accounting within European and world context.
Course methods: -- item not defined --
Course content:
1.Business and entrepreneurship; introduction to accounting; financial statements and use of accounting information; accounting categories and definitions; characteristics of accounting elements. (allowance 1/1)
2.Accounting categories and definitions; standardization of financial reporting; analyzing business transaction; features of world harmonization process. (allowance 1/1)
3.Measuring business income; income statement account: expenditures and receipts, expenses and revenues; elements of accounting methods: balance sheet equation, nature of accounts, double-entry and duality concept. (allowance 1/1)
4.Elements of accounting methods: documentation, controls, measurement, transaction analysis; timing differences among amounts recognised in the balance sheet and income statement. (allowance 1/1)
5.Business models: a trade company vs. a manufacture; clasification of expenses using nature of expense method and using function of expense method. (allowance 1/1)
6.Accounting conventions; qualitative characteristics of financial statements. (allowance 1/1)
7.Measurement of the elements of financial statements. (allowance 1/1)
8.Long-term assets: definition, classification, measurement, depreciation and amortization. (allowance 1/1)
9.Iventory: definition, classification, measurement. (allowance 1/1)
10.Investments: definition, classification, measurement, presentation, transactions. (allowance 1/1)
11.Receivables and liabilities; provisions; bills of exchange as a financing device. (allowance 1/1)
12.Equity: classification, features of different types of companies, capital contribution and distribution, statements of changes in equity, statement of comprehensive income. (allowance 1/1)
Learning outcomes and competences:
After completing the course, student:
-Will interpret the basic concepts, will define the methodological elements, will interpret the assumptions and principles in accounting
-Will prove the ability to interpret data from the Statement of the financial position (balance sheet)
-Will prove the ability to report (records and measurement) assets (tangible/intangible, investments, inventories, and receivables)
-Will prove the ability to report (records and measurement) equity, including the distribution of profit and loss and liabilities in accounting
-Will prove to compile the Statement of the financial performance (P/L Statement) in accordance with expenses by function
-Will prove to compile the Statement of the financial performance (P/L Statement) in accordance with expenses by nature
-Will prove to compile the Statement of the financial position (balance sheet)

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendance
Direct teaching
     Attendance of lectures24 h
     Attendance of courses/seminars/tutorials24 h
     Consultations with teacher (part-time form of study)0 h
     Course reading and ongoing preparation30 h
     Ongoing evaluation30 h
     Preparation for final test32 h
Total140 h
Assessment methods:
Requirement typeDaily attendance
Active lecture/seminar/workshop/tutorial participation10 %
Mid-term test(s)30 %
Final test60 %
Total100 %
Course completion:
There will be four mid-term tests during the semester. These tests will take place on 5th, 7th, 9th and 11th seminar. From each of the first two mid-term tests (on 5th and 7th seminar) can student obtain up to 7 points. From each of the following mid-term tests (on 9th and 11th seminar) can student obtain up to 8 points. All mid-term tests must be written during the seminars (except for special occurrences such as, for instance, hospitalization etc.). In case of absence, a student is allowed to take a missed test during the following week after he/she has returned to school. The principal goal of these tests is to motivate students for continuous studying during the semester, therefore, taking these mid-term tests at the end of the semester is forbidden.
Students will have an opportunity to obtain up to 10 points during the semester depending on their activity during the seminars. Any additional alternatives in order to obtain these points are not allowed.
Within the seminars students must overall (either from their activity or mid-term tests) obtain at least 15 points in order to be allowed to take the final exam. Students are allowed to have one missed seminar without any official explanation (other missed seminars must be officially excused, for example, by medical institution etc.). The final exam will be in a written form and it will be divided into theoretical part (30 points) and practical part (30 points).
Support for combined/distance forms of study:
Information materials, lectures and examples are available in the Document server.
Reading list:
Language of instruction: Czech
BOKŠOVÁ, J. Účetní výkazy pod lupou I. Základy účetního výkaznictví. PRAHA: LINDE , 2013. 500 p.
BOKŠOVÁ, J. Příklady, úlohy a případové studie - základy účetnictví a účetního výkaznictví: pro prezenční a kombinovanou formu studia. Mladá Boleslav: Tritius, 2016. 212 p.
Language of instruction: English
ALEXANDER, D. International Financial Reporting and Analysis. 5th ed. Hampshire: South-Western Cengage Learning, 2011. ISBN 978-1-4080-3228-2.
GILLESPIE, I. -- HAMILTON, K. -- LEWIS, R. Principles of financial accounting. 3rd ed. Harlow, England: Prentice Hall Press, 2004. 493 p. ISBN 0-273-67630-X.
ELLIOTT, B. Financial Accounting and Reporting. 14th ed. Harlow: Prentice Hall, 2011. ISBN 978-0-273-74444-3.

Study plans:
B-EMCZ Economics and Management, full-time form, initial academic year WS 2019/2020
B-EMCZ Economics and Management, full-time form, initial academic year WS 2019/2020
B-EMEN Economics and Management, full-time form, initial academic year WS 2019/2020
B-PM Průmyslový management, full-time form, initial academic year WS 2019/2020
B-PEMI Podniková ekonomika a manažerská informatika, full-time form, initial academic year WS 2019/2020
Run in the period of: SS 2018/2019, WS 2018/2019, SS 2017/2018, WS 2017/2018, SS 2016/2017, WS 2016/2017   (and older)
Course tutor: doc. Ing. Jiřina Bokšová, Ph.D. (examiner, instructor, lecturer, supervisor)
Ing. Josef Horák, Ph.D. (examiner, instructor, lecturer)
Teaching language: Czech, English
Room: Mladá Boleslav, Praha

Last modification made by Mgr. Luděk Švejdar on 05/10/2019.

Type of output: