Principles of Accounting

Garant předmětu:

Lecturer:

Tutor:

Supervisor:

Institute of Economic Studies

Synopsis:

The objective of this course is to acquaint students with the development and analysis of financial statements. Accounting

concepts and terminology will be stressed. This course concentrates on the application of accounting theory, standards,

principles, and procedures to accounting problems.

1. Introduction to business organization and finance

2. Review of Accounting Framework

3. Review of regular accounting transactions

4. Recording adjusting entries and trial balance

5. Accountability and control

6. Income and the operating cycle

7. Inventories

8. Current assets, receivables

9. Long term operating assets

10. Current liabilities and time value of money

11. Long term debt, Effective interest procedures

12. Reporting owners equity

13. Statement of Cash Flows

14. Long term investments

Requirements:

Syllabus of lectures:

Knowledge is continuously tested in the form of partial tests. The final written exam includes a knowledges from the whole semester. Students must earn at least 50% points for activity and 50% of continuous test points.

Repaired term:,:you need to get at least 50% of the repaired test

takes account of theory and practical examples.

Syllabus of tutorials:

Study Objective:

Study materials:

Compulsory:

Weygandt, Kimmel, Kieso; Financial Accounting John Wiley and Sons, 2011, sixth edition, International Student Version

Horngren?s Accounting, The Financial Chapters (Global Edition): 11th Edition, Mattison B.,Matsumura E.M. & Miller-Nobles

T., Pearson, 2015

Recommended:

Gowthorpe, Catherine, Business accounting and finance for non-specialists (2nd ed., London: Thomson Learning, 2005). ISBN:

978-1-84480-200-5

List of required articles and web resources are provided in each lecture.

Additional fading materials from a number of other accounting textbooks and periodicals will be made available to students

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• Economics and Management 2019/20 (compulsory course)