BKF_FIU2 Financial Accounting 2

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
26/0/0. 8 credit(s). Type of Completion: zk (examination).
Taught online.
Mgr. Ing. Filip Hampl (lecturer)
Ing. Michaela Jurová, Ph.D. (lecturer)
doc. Ing. Jana Vodáková, Ph.D. (lecturer)
Ing. Bc. Jana Hvozdenská, Ph.D. (assistant)
Guaranteed by
doc. Ing. Jana Vodáková, Ph.D.
Department of Finance - Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance - Faculty of Economics and Administration
Fri 5. 3. 16:00–19:50 P104, Sat 6. 3. 16:00–19:50 P102, Fri 16. 4. 12:00–15:50 P106
( BKF_FIU1 Financial Accounting 1 )
The course "Financial accounting 2" follows Financial accounting 1 and other compulsory courses of the faculty and knowledge gained there.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course enlarges students knowledge gained in the Financial accounting 1. It interconnects theoretical attitudes, principles and methods of accounting that are used in depiction of economic transactions made by particular economic subjects. There are involved detailed accounting techniques connected to company assets and liabilities, mainly related to businesses, equity and long-term borrowed capital. Students are detailed acquainted with accounting techniques connected with revenues and expenses of accounting units, with closing items at the end of accounting period and preparation of closing balance sheet, the calculation of net income, preparing of profit and loss statement, cash flow statement and Notes (financial statements). Also information concerning harmonization of Czech accounting system and international accounting standards is included. The course is aimed to acquaint students with basic accounting techniques concerning assets and liabilities of corporations. The course is specially focused on preparation of financial statements, interpretation of accounting data and of their economic sense in the processes of financial management. Finishing the course students should to know theoretical attitudes and accounting methods and their application within solving usual accounting transactions of businesses and institutions.
Learning outcomes
Finishing the course students should be able to:
- apply theoretical approaches to identify a problem and propose accounting solution;
- use appropriate accounting methods for presenting economic processes of companies;
- analyze economic problems, to propose accounting solution and identify its impact on net income;
- prepare financial statements of the corporation.
  • 1. The meaning and character of short-term financial assets and liabilities, their valuation, accounting techniques, inventorying and analytical evidence.
  • 2. Inventory, accounting methods, valuation, inventorying and analytical evidence.
  • 3. Specific accounting techniques concerning internally produced inventory. Inventory accounting at the end of accounting period.
  • 4. Long-term assets and their valuation, accounting techniques concerning long-term assets.
  • 5. Characteristic of clearing relations. Accounting procedures concerning receivables and liabilities from business operations.
  • 6. Clearing with employees, institutions, shareholders, corporations and companies associated in group. Taxes and subsidies. Accruals and deferrals.
  • 7. Owners equity and its structure. Changes in equity, capital funds, profit funds, net income.
  • 8. Long-term borrowed capital and reserves, obligation emission and long-term bank credits, accounting techniques.
  • 9. Expenses and revenues, accounting procedures, net income, analytical evidence related to income tax. Calculation of the base for income tax, income tax.
  • 10. Closing the books. Control of completeness, correctness and conclusive evidence of accounting, inventorying of assets and liabilities and closing items.
  • 11. and 12. Preparation of financial statements – balance sheet, income statement, Notes to the financial statements, cash flow statement and equity changes statement.
  • 13. Information technologies in accounting, software products.
    recommended literature
  • VODÁKOVÁ, Jana, Eva HÝBLOVÁ, Zuzana KŘÍŽOVÁ, Petr VALOUCH and Filip HAMPL. Finanční účetnictví 2. Sbírka příkladů (Financial Accounting 2. Collection of Examples). 1st ed. Brno: Masarykova univerzita, 2020. 158 pp. ISBN 978-80-210-9644-8. info
  • RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka : průvodce podvojným účetnictvím k 1.1.2020. 20. aktualizované vydání. Olomouc: Anag, 2020. 1119 stran. ISBN 9788075542540. info
  • DVOŘÁKOVÁ, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 4. aktualiz. a rozš. vyd. Brno: BizBooks, 2014. xi, 327. ISBN 9788026501497. info
    not specified
  • RANDÁKOVÁ, Monika. Finanční účetnictví pro podnikatele v příkladech. Vyd. 4., přeprac. V Praze: Oeconomica, 2012. 133 s. ISBN 9788024518527. info
Teaching methods
Tuition takes place in the form of tutorials with the total length 12 hours. Students are acquainted with the theoretical basis of the subject and the application of accounting procedures and methods for displaying economic transactions in business corporations. Finishing the course, students should be able to prepare financial statements, interpret accounting data and assess their economic importance in the processes of financial management. In the course of the semester, the tutor controls the paper worked out by students. The course ends with a written exam test.
Assessment methods
Preparation of WCT (work corrected by tutor) according to instructions of tutor. Form of exam: written exam test. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 12 hodin.
Credit evaluation note: k = 1,5.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020.
  • Enrolment Statistics (recent)
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