PFFUI Financial Accounting I

Faculty of Economics and Administration
Autumn 2008
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
doc. Ing. Jaroslav Sedláček, CSc. (lecturer)
Ing. Zuzana Křížová, Ph.D. (seminar tutor)
Ing. Petr Valouch, Ph.D. (seminar tutor)
Ing. Eva Hýblová, Ph.D. (seminar tutor)
Ing. Ivana Valová, Ph.D. (seminar tutor)
Ing. Bc. Alois Konečný, Ph.D. (seminar tutor)
Ing. Michaela Jurová, Ph.D. (seminar tutor)
Ing. Veronika Bučková, Ph.D. (seminar tutor)
Ing. Dionýz Horváth (seminar tutor)
Ing. Taťána Lyčková (seminar tutor)
Ing. Petr Málek (seminar tutor)
Ing. Peter Mokrička, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance - Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Thu 11:05–12:45 P101
  • Timetable of Seminar Groups:
PFFUI/1: Tue 15:30–17:05 S314, Z. Křížová
PFFUI/10: No timetable has been entered into IS. P. Valouch
PFFUI/11: Tue 9:20–11:00 S311, P. Valouch
PFFUI/12: Tue 11:05–12:45 S307, Z. Křížová
PFFUI/13: Wed 14:35–16:15 P403, P. Valouch
PFFUI/14: Thu 16:20–17:55 P304, D. Horváth
PFFUI/15: Thu 18:00–19:35 P304, P. Málek
PFFUI/16: Mon 14:35–16:15 S311, P. Mokrička
PFFUI/17: Mon 11:05–12:45 P201, Z. Křížová
PFFUI/18: Tue 12:50–14:30 P201, E. Hýblová
PFFUI/19: Mon 9:20–11:00 P201, Z. Křížová
PFFUI/2: Tue 12:50–14:30 S301, A. Konečný
PFFUI/20: Wed 11:05–12:45 S309, M. Jurová
PFFUI/21: Tue 16:20–17:55 P103, T. Lyčková
PFFUI/3: Mon 16:20–17:55 P201, P. Mokrička
PFFUI/4: Wed 12:50–14:30 S309, M. Jurová
PFFUI/5: Tue 9:20–11:00 S310, Z. Křížová
PFFUI/6: Tue 16:20–17:55 S310, A. Konečný
PFFUI/7: Thu 14:35–16:15 P403, D. Horváth, I. Valová
PFFUI/8: Thu 12:50–14:30 P312, P. Valouch
PFFUI/9: Wed 14:35–16:15 S310, E. Hýblová
The course Financial accounting I is a follow-up to the basic courses at 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.
fields of study / plans the course is directly associated with
there are 15 fields of study the course is directly associated with, display
Course objectives
In the conditions of market economy the financial accounting is a basic diagnostic tool that enables us to analyse and evaluate a financial situation of economically active subjects. The double-entry method and accrual principle of accounting gives the management a complex view of the financial health of companies (corporations and institutions) and results of their management without regard to cash flows. Its objective is to give a fair and true view of assets and liabilities, costs and revenues, equity capital and net income of economic entities.
The aim of the course is to make students familiar with the basic theoretical aspects of accounting, its philosophy, accounting environment and tasks that it should fulfil as one of the basic instruments of financial management.
At the of the course students should be able to:
- understand generally accepted principles, presumptions and principles of the accounting, its functions, basic categories and methods of reflecting economic phenomena in the accounting;
- apply accounting techniques of everyday economic transactions;
- specify economic categories of assets and liabilities and impacts of their changes on the balance sheet, costs and revenues, cash flow and realized profit;
- apply basic knowledge about the ways of reflecting assets and capital, valuation methods, long-term assets depreciation, creation of reserves and adjusting items and preparation of accounting statements. The course is conducted in the context of an ongoing process of world and European accounting harmonisation and reflects impacts of a tax system on accounting.
  • 1. Substance 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).
  • 13. Basic accounting techniques of costs and revenue. Equity and borrowed capital of accounting unit.
Assessment methods
The course has a form of lectures and seminars (2/2 per week). The course is completed by a written exam. Admission to the exam is subject to passing in-terms tests during the semester and an accounting exercise presentation each that student is supposed to deliver at a specified date in the course the semester. The exercise for the presentation is assigned to each student by a seminar tutor minimally one week in advance. Unless the student is excused (he/she is ill), he has to present the exercise at specified date.
Language of instruction
Follow-Up Courses
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: max. 30 cizích studentů; cvičení pouze pro studenty ESF
Listed among pre-requisites of other courses
The course is also listed under the following terms Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006, Autumn 2007.
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