Accounting

Garant předmětu:

Lecturer:

Tutor:

Supervisor:

Department of Management and Economics

Synopsis:

The objective of the subject is to become acquainted with the significance of accounting for enterprise management, with the content and formal structure and realization of the stages and changes of the economic results during the accounting period; further with accounting as a system needful for tax declaration and not least as a resource to financial analysis. The stress is laid on understanding the dichotomy as the basis of the double entry accounting system, which distinguishes the terms assets (in the long term and short term) and liabilities (share-holders? equity, liabilities). Of great importance is the assessing of assets and their parts. Ac-counting relates to other information subsystems as budgeting, cost accounting, short term and long term planning. There are further some other subjects concerning enterprise manage-ment, connected with accounting, especially in the field of financial management. Accounting is one of the fundamental instrument of a business manager who understands the content and structure of the balance sheet, profit and loss account and the cash/flow statement. It is very possible that some of the students will exploit the knowledge of accounting in their future occupation as managers, financial directors, in consulting firms and auditing companies.

Requirements:

Active participation in exercises, preparing and presentation topics, submission of term (semester) work in time and mistake-free.

Syllabus of lectures:

1.Introduction into accounting, information flows and their classification 2.Double entry accounting and its principles, the profit equation expressing the state of equity, account balance and flow values 3.Derivation of the balance sheet. Balance sheet transactions, balance sheet decomposition into accounts, elements of the accounting system 4.Accounting principles. 5.Organization of the accounting system. 6.Accounting procedures, trial balance, cost calculation as a part of the accounting system 7.Profit and loss account, its genesis, expenses and revenues, positive and negative cash-flows. Two balances accounting theory (balance sheet + profit and loss account) with a dual and single circuit. The three balances accounting theory, cash flow, opening and closing of accounts. 8.Measuring and reporting inventories, classification of inventories. 9.Assets, plant and equipment, tangible and intangible assets, nature of plant assets 10.Decrease of long-life assets, depreciations seen as a decrease of assets value, depreciations calculation, effective decrease of assets 11.Wages and salaries and other expenses and taxes. 12.Accrued assets and liabilities. Harmonization of accountancy, expectations and objectives. Conceptual scope of international accounting standards. 13.Consolidated financial statement - objectives. Balance analysis and indicators in balance analysis .

Syllabus of tutorials:

1.Introduction into accounting, information flows and their classification 2.Double entry accounting and its principles, the profit equation expressing the state of equity, account balance and flow values 3.Derivation of the balance sheet. Balance sheet transactions, balance sheet decomposition into accounts, elements of the accounting system 4.Accounting principles. 5.Organization of the accounting system. 6.Accounting procedures, trial balance, cost calculation as a part of the accounting system 7.Profit and loss account, its genesis, expenses and revenues, positive and negative cash-flows. Two balances accounting theory (balance sheet + profit and loss account) with a dual and single circuit. The three balances accounting theory, cash flow, opening and closing of accounts. 8.Measuring and reporting inventories, classification of inventories. 9.Assets, plant and equipment, tangible and intangible assets, nature of plant assets 10.Decrease of long-life assets, depreciations seen as a decrease of assets value, depreciations calculation, effective decrease of assets 11.Wages and salaries and other expenses and taxes. 12.Accrued assets and liabilities. Harmonization of accountancy, expectations and objectives. Conceptual scope of international accounting standards. 13.Consolidated financial statement - objectives. Balance analysis and indicators in balance analysis .

Study Objective:

Study materials:

Kovanicová, D. - Kovanic, P: Poklady skryté v účetnictví I, II, III, Polygon, 1997 Kovanicová, D. a kol.: Finanční účetnictví, světový koncept, Polygon2003Macík, K.: Účet-nictví, Vydavatelství ČVUT 2003, Praha Macík, K.: Účetnictví pro manažerskou praxi, Grada Publishing 2000, Praha Vysušil, J.: Podvojné účetnictví po lžičkách, Profess 1993, Praha

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• 13 80 85 00 BVES EKO 2012 P základ (compulsory course in the program)
• 17 86 90 00 BVES EKO 2012 K základ (compulsory course in the program)
• 13 80 85 00 DVES 2012 P úvodní studijní plán (compulsory course in the program)
• 13 80 85 00 DVES EKO 2012 P (compulsory course in the program)
• 17 86 90 00 DVES 2012 K úvodní studijní plán (compulsory course in the program)