KFFU3 Financial Accounting III

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jaroslav Sedláček, CSc. (seminar tutor)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Timetable
Sat 21. 2. 16:20–19:30 P312, Sat 7. 3. 16:20–19:30 P312, Sat 28. 3. 16:20–19:30 P312
Prerequisites
The course of Financial Accounting III is a follow-up course to the courses Financial accounting I and II.
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 deals with business combinations and closing of books consolidation of capital-related companies, which means applying basic principles and techniques to processes of combination and consolidation in terms of law, tax and accounting. The course is particularly aimed at capital and property acquisitions, company alliances (mergers, fusions and conversions) and processes of their decision-making in accordance with Czech accounting and business legislation and international accounting standards.
As for the consolidation, the approaches to defining a consolidation unit, determining consolidation rules and methods and consolidation systems are clarified. Since this might be considered as a new problem created by the development of business activities and increased role of capital market, the theory and methods will be verified by providing particular examples which should help to understand and master the matter. At the end of this course a student should be able to:
- understand the accountancy methods of business transformations and explain their tax aspects;
- record company split or its liquidation into the accounting and use appropriate legislation;
- apply the basic methods of consolidation and prepare financial statements of companies in a group.
Syllabus
  • 1. Accounting and tax aspects of incorporation of companies. Cash and non-cash contributions on foundation and incorporation of a company.
  • 2. Foundation and incorporation of capital-related companies.
  • 3. Accounting procedures and economic implications of increase and decrease in registered capital.
  • 4. Methods of capital acquisition of companies.
  • 5. Methods of property acquisition of companies.
  • 6. Legal merger of companies (shares joint method).
  • 7. Legal merger of companies (purchase method).
  • 8. Methods of company split (according to shares, under the terms of office).
  • 9. Accounting procedures on the occasion of changing legal form of company.
  • 10. Legislation and accounting procedures on the occasion of winding up company.
  • 11. Basics of consolidation, consolidation framework, positive and negative definition.
  • 12. Definition of consolidation unit, types of capital bindings and calculation of interest (direct and indirect interest).
  • 13. Methods of consolidation (relative, equity and full).
Literature
  • Sedláček, Jaroslav: Účetnictví akvizicí, fúzí a konsolidací. Brno: MU ESF, 2004. 142 s. ISBN 80-240-3489-0.
  • Vomáčková, Hana: Účetnictví akvizicí, fúzi a jiných vlastnických transakcí. Praha: POLYGON, 2002. 360 s. ISBN 80-7273-065-7.
Assessment methods
The course has a form of tutorials (12 hours). The course is completed by a written exam. Admission to the exam is subject to submitting a semester paper (POT) and passing an in-term test in the course of the semester. The semester paper is supposed to be submitted prior to the beginning of the semester.
Language of instruction
Czech
Follow-Up Courses
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2007, Autumn 2007, Spring 2008, Autumn 2008.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2009/KFFU3