MPF_AACC International Accounting

Faculty of Economics and Administration
Autumn 2025
Extent and Intensity
2/1/0. 5 credit(s). Type of Completion: zk (examination).
In-person direct teaching
Teacher(s)
prof. Ing. Eva Horvátová, CSc. (lecturer)
Ing. Radim Procházka (lecturer)
Ing. Radim Procházka (seminar tutor)
Guaranteed by
prof. Ing. Eva Horvátová, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Kristina Charvátová
Supplier department: Department of Finance – Faculty of Economics and Administration
Prerequisites
(! MPF_AIAC International Accounting ) && (!NOWANY( MPF_AIAC International Accounting )) && SOUHLAS
The course International Accounting is a follow-up to the basic courses of accounting at other high schools 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 3 student(s).
Current registration and enrolment status: enrolled: 0/3, only registered: 5/3
fields of study / plans the course is directly associated with
Course objectives
Course learning objectives are:
(1) to provide an understanding of true and fair view in accounting and reporting;
(2) to develop and train critical thinking and professional judgement while accounting and reporting under IFRS and IFRS for SME;
(3) to give a complex up-to-date insight into IFRS for SME;
(4) to apply the obtained theoretical knowledge in real-world settings.
Learning outcomes
At the end of this course a student should be able to:
- describe and explain basic principles, assumptions and approaches of IFRS for SMEs;
- use basic methods of accounting viewing economic processes in companies according to IFRS for SMEs;
- analyze simple economic problems, establish basic procedures to assess an impact of accounting and financial solutions on entity's business result according to IFRS for SMEs;
- compile financial statements of an entity according to IFRS for SMEs;
- transit to IFRS for SMEs.
Syllabus
  • 1. IFRS for SMEs. Concepts and Principles.
  • 2. Financial statements presentation. Consolidated financial statements.
  • 3. Accounting policy, estimates and errors. Property, plant and equipment.
  • 4. Intangible assets, business combinations and goodwill.
  • 5. Lease. Impairment of assets.
  • 6. Inventories. Provisions and contingencies.
  • 7. Financial instruments.
  • 8. Equity and liabilities. Revenue.
  • 9. Income tax. Foreign currency transactions.
  • 10. Transition to IFRS for SMEs.
Literature
    required literature
  • IFRS standards : issued at 1 January 2019. London: International Accounting Standards Board, 2019, 2428 stran. ISBN 9781911629122. info
  • IFRS standards : issued at 1 January 2019. London: International Accounting Standards Board, 2019, 890 stran. ISBN 9781911629122. info
  • IFRS standards : issued at 1 January 2019. London: International Accounting Standards Board, 2019, 1809 stran. ISBN 9781911629122. info
  • International financial reporting standard for small and medium-sized entities (IFRS for SMEs). London: International Accounting Standards Board, 2009, 230 s. ISBN 9781907026171. info
Teaching methods
Teaching takes place online, supplemented by individual or group consultations, and students’ success will largely depend on self-study.

During the semester each student receives a case study. All other students review and correct their peers’ case studies.

The lecturer assesses both your own case study and the peer reviews you provide.

The course is finished with final exam – A written test with closed (multiple-choice) questions. To pass the course you must obtain ≥ 50 % of the points.

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.
Assessment methods
Requirements for the exam:
Submission of the solution to the case study
Submission of all reviews for the case study
Final exam - written test with closed questions (multiple choice). A score of ≥ 50% is required to pass the course.
Language of instruction
English
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught every week.
General note: For selected students only.
Teacher's information
https://is.muni.cz/auth/predmet/econ/podzim2017/MPF_AACC
The course is also listed under the following terms 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)
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