ESF:BPF_FIU1 Financial Accounting 1

BPF_FIU1 Financial Accounting 1

Faculty of Economics and Administration
Autumn 2025

Extent and Intensity

2/2/0. 6 credit(s). Type of Completion: zk (examination).
In-person direct teaching

Teacher(s)

Guaranteed by

Ing. Petr Valouch, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Kristina Charvátová
Supplier department: Department of Finance – Faculty of Economics and Administration

Timetable

Thu 10:00–11:50 P101, except Thu 18. 9., except Thu 6. 11.

Timetable of Seminar Groups:

BPF_FIU1/03: Tue 8:00–9:50 S310, except Tue 16. 9., except Tue 4. 11., J. Hvozdenská
BPF_FIU1/04: Tue 10:00–11:50 S310, except Tue 16. 9., except Tue 4. 11., J. Hvozdenská
BPF_FIU1/05: Tue 10:00–11:50 S313, except Tue 16. 9., except Tue 4. 11., G. Oškrdalová
BPF_FIU1/06: Tue 12:00–13:50 S310, except Tue 16. 9., except Tue 4. 11., J. Hvozdenská
BPF_FIU1/07: Wed 14:00–15:50 P201, except Wed 17. 9., except Wed 5. 11., E. Hýblová
BPF_FIU1/08: Tue 12:00–13:50 P102, except Tue 16. 9., except Tue 4. 11., G. Oškrdalová
BPF_FIU1/09: Tue 14:00–15:50 P302b, except Tue 16. 9., except Tue 4. 11., R. Procházka
BPF_FIU1/10: Tue 16:00–17:50 P106, except Tue 16. 9., except Tue 4. 11., P. Valouch
BPF_FIU1/11: Tue 16:00–17:50 P304, except Tue 16. 9., except Tue 4. 11., S. Nečas
BPF_FIU1/12: Tue 14:00–15:50 S308, except Tue 16. 9., except Tue 4. 11., S. Nečas
BPF_FIU1/13: Wed 10:00–11:50 P312, except Wed 17. 9., except Wed 5. 11., G. Oškrdalová
BPF_FIU1/14: Wed 12:00–13:50 S310, except Wed 17. 9., except Wed 5. 11., G. Oškrdalová
BPF_FIU1/15: Thu 12:00–13:50 P304, except Thu 18. 9., except Thu 6. 11., S. Nečas
BPF_FIU1/16: Thu 14:00–15:50 P304, except Thu 18. 9., except Thu 6. 11., S. Nečas
BPF_FIU1/17: Thu 16:00–17:50 S305, except Thu 18. 9., except Thu 6. 11., S. Nečas
BPF_FIU1/18: Mon 10:00–11:50 P201, except Mon 15. 9., except Mon 3. 11., V. Kajurová
BPF_FIU1/20: Tue 10:00–11:50 P304, except Tue 16. 9., except Tue 4. 11., S. Nečas
BPF_FIU1/24: Wed 10:00–11:50 S305, except Wed 17. 9., except Wed 5. 11., R. Procházka
BPF_FIU1/25: Wed 8:00–9:50 P304, except Wed 17. 9., except Wed 5. 11., R. Procházka
BPF_FIU1/26: Mon 8:00–9:50 P102, except Mon 15. 9., except Mon 3. 11., V. Kajurová
BPF_FIU1/27: Mon 12:00–13:50 P102, except Mon 15. 9., except Mon 3. 11., V. Kajurová

Prerequisites

The course "Financial accounting I" follows previous compulsory courses of the faculty and knowledge gained there. No special prerequisites are demanded.

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 520 student(s).
Current registration and enrolment status: enrolled: 543/520, only registered: 11/520

fields of study / plans the course is directly associated with

there are 19 fields of study the course is directly associated with, display

Abstract

Within this course the student will acquire: philosophy of accounting, its basic rulles, assumptions and generally accepted principles; the application of basic methods of accounting on economic events in commercial corporations of the Czech Republic; analysis of simple economic tasks, the ability to compile the accounting algorithm, and to assess the impact of the accounting solution on the net income.

Learning outcomes

Finishing this course the student will be able to:
- describe and explain basic principles, assumptions and principles of financial accounting;
- use basic methods of accounting to depict economic processes in corporations of the Czech Republic;
- analyze simple economic transactions, compile accounting procedures and assess the impact of accounting solution on the net income.

Key topics

1. The core and functions of accounting, characteristic features and legal aspects of accounting, general accounting principles. Balance sheet in accounting, its function, system and utilization. 2. Assets and liabilities, their structure and definition, assets and liabilities classes, their mutual relations. Balance sheet system, impact of economic transactions on balance sheet. 3. Costs and revenues of accounting unit as part of profit and loss statement. 4. Methodical parts of accounting, account and account system, chart of accounts and outline of accounts, accounting documents, account books, accounting control system. 5. Liabilities and assets valuation in accounting unit, valuation principles, valuation base, valuation of assets of same class, financial assets valuation. 6. Taxes in accounting, theoretical approaches to long-term assets depreciation, methods of creation and clearance of reserves and adjusting items. 7. Methods of long-term assets depreciation (both accounting and tax perspective). 8. Reserves and adjusting items in accounting (prudence concept). 9. Financial accounts, their structure and importance, cash, cash in transit, bank accounts. 10. Inventory, its definition and inventory valuation method. Inventory function and basic accounting operations, two ways of accounting – A and B. Uniqueness of internally produced inventory accounting. 11. Classification of long-term assets, ways of their acquisition. Basic procedures of accounting of assets acquisition and depiction during their lifetime. 12. Clearing relations. Procedures of accounting of receivables and liabilities of accounting unit (from business relations, to employees and to shareholders).

Study resources and literature

required literature

VODÁKOVÁ, Jana; Eva HÝBLOVÁ; Zuzana KŘÍŽOVÁ; Petr VALOUCH and Filip HAMPL. Finanční účetnictví 1. Sbírka příkladů (Financial accounting 1. Collection of examples). 1st ed. Brno: Masarykova univerzita, 2021, 165 pp. ISBN 978-80-210-9915-9. info
SEDLÁČEK, Jaroslav. Základy finančního účetnictví. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2016, 191 stran. ISBN 9788073806125. info

recommended literature

RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka : průvodce podvojným účetnictvím k 1.1.2024. 24. aktualizované vydání. Olomouc: Anag, 2024, 1295 stran. ISBN 9788075544056. info
STEJSKALOVÁ, Irena. Finanční účetnictví pro manažery : s netradičně pojatými případovými studiemi. 3. aktualizované vydání. Praha: Wolters Kluwer, 2021, 192 stran. ISBN 9788075527738. info

Approaches, practices, and methods used in teaching

Lecture of the theory, on the seminars accounting of basic economic operations typical for businesses using relating chart of accounts. Preparing of simplified financial statements.

Method of verifying learning outcomes and course completion requirements

The course is concluded with an exam. All activities during the semester are counted towards the overall grade, including seminar attendance, presentation evaluations, ongoing tests, and the final exam. The maximum number of points is 100, with a minimum of 60 required. You can earn 4 points for attending classes, 4 points for presenting a case study, 30 points for ongoing tests, 60 points for the exam, and 2 points for extra activity. A detailed breakdown of points is available in the interactive syllabus of the course "Financial Accounting 1 – Course Progress and Completion." Ongoing tests and the exam are written and consist of multiple-choice questions, short theoretical questions, and practical examples. Any form of cheating, recording or leaking of tests, using unauthorized aids, communication tools, or any other disruption of the exam's objectivity (final assessment) will be considered a failure to meet the course requirements and a serious violation of academic regulations. As a result, the instructor will grade the exam with an "F" in the student information system, and the dean will initiate disciplinary proceedings, which may result in the termination of studies.

Alternate completion

Students who are on a study abroad trip should contact their seminar group teacher at the beginning of the semester and, after agreement, prepare and send an example by email to replace the presentation. After returning from the study trip, they should contact the teacher of concrete seminar groupt and agree on the date of the midterm tests. After that they should contact supervisor of the course and agree on the date of the final test.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.
Credit evaluation note: k = 1,5.

Listed among pre-requisites of other courses

BPF_FIU2 Financial Accounting 2
(PFFUI || BPF_FIU1)&&(!PFFUII)
MPF_AUDI Auditing
(BPF_FIU1&&BPF_FIU2) && (!MPF_AAUD) && !NOWANY(MPF_AAUD)

The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.

Enrolment Statistics (recent)
Permalink: https://is.muni.cz/course/econ/autumn2025/BPF_FIU1

ESF:BPF_FIU1 Financial Accounting 1 - Course Information

BPF_FIU1 Financial Accounting 1

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