BPF_FIU1 Financial Accounting 1

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Taught in person.
Ing. Eva Hýblová, Ph.D. (lecturer)
Ing. Bc. Jana Hvozdenská, Ph.D. (seminar tutor)
Ing. Eva Hýblová, Ph.D. (seminar tutor)
Ing. Michaela Jurová, Ph.D. (seminar tutor)
Ing. Zuzana Křížová, Ph.D. (seminar tutor)
Ing. Svatopluk Nečas, Ph.D. (seminar tutor)
Ing. Gabriela Oškrdalová, Ph.D. (seminar tutor)
Ing. Petr Valouch, Ph.D. (seminar tutor)
Mgr. Ivana Kupčíková, DiS. (assistant)
Guaranteed by
Ing. Eva Hýblová, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
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 also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 520 student(s).
Current registration and enrolment status: enrolled: 0/520, only registered: 0/520, only registered with preference (fields directly associated with the programme): 0/520
fields of study / plans the course is directly associated with
there are 27 fields of study the course is directly associated with, display
Course objectives
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.
  • 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).
    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
Teaching methods
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.
Assessment methods
Continuous assessment within the course, fulfilment concurrently:
1. compulsory attendance of seminars, only three absences are tolerated;
2. public presence of an example assigned by tutor;
3. passing of two written control tests evaluated maximally by 27 points per test. Minimal required score: 17 points per each test. If this condition is not fulfilled it is possible to compensate it only by passing of a correction test evaluated by 27 points as maximum and 17 points as required minimum.
Written exam test lasts 70 minutes and contents combination of multiple choice, shorter theoretical questions and practical examples. As maximum student can get 30 points, for successfully passing the exam minimum 19 points is required.
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)
The course is taught annually.
The course is taught: every week.
General note: Přednášky jsou dostupné online a ze záznamu.
Credit evaluation note: k = 1,5.
Listed among pre-requisites of other courses
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.
  • Enrolment Statistics (Autumn 2024, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2024/BPF_FIU1