BPF_FIU1 Financial Accounting 1

Faculty of Economics and Administration
Autumn 2015
Extent and Intensity
2/2/0. 8 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. Michaela Jurová, Ph.D. (seminar tutor)
Ing. Eva Hýblová, Ph.D. (lecturer)
Ing. Bc. Jana Hvozdenská, Ph.D. (seminar tutor)
Ing. Veronika Kajurová, Ph.D. (seminar tutor)
Ing. Roman Skalický, Ph.D. (seminar tutor)
doc. Ing. Jana Vodáková, Ph.D. (seminar tutor)
Mgr. Ivana Kupčíková, DiS. (assistant)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance - Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance - Faculty of Economics and Administration
Thu 11:05–12:45 P101
  • Timetable of Seminar Groups:
BPF_FIU1/T01: No timetable has been entered into IS.
BPF_FIU1/01: Tue 14:35–16:15 S314, E. Hýblová
BPF_FIU1/02: Tue 14:35–16:15 P201, Z. Křížová
BPF_FIU1/03: Wed 11:05–12:45 P106, P. Valouch
BPF_FIU1/04: Tue 11:05–12:45 S309, Z. Křížová
BPF_FIU1/05: Tue 18:00–19:30 S307, J. Vodáková
BPF_FIU1/06: Thu 16:20–17:55 P304, M. Jurová
BPF_FIU1/07: Thu 18:00–19:35 P304, R. Skalický
BPF_FIU1/10: Tue 12:50–14:30 P201, E. Hýblová
BPF_FIU1/12: Tue 12:50–14:30 S310, J. Hvozdenská
BPF_FIU1/13: No timetable has been entered into IS.
BPF_FIU1/14: Tue 16:20–17:55 P103, V. Kajurová
BPF_FIU1/17: Tue 9:20–11:00 S309, Z. Křížová
BPF_FIU1/18: Tue 16:20–17:50 S307, J. Vodáková
BPF_FIU1/19: Thu 14:35–16:15 P403, M. Jurová
BPF_FIU1/21: Wed 12:50–14:30 S310, E. Hýblová
BPF_FIU1/22: Tue 7:40–9:15 S310, J. Hvozdenská
BPF_FIU1/23: Tue 9:20–11:00 S310, J. Hvozdenská
BPF_FIU1/24: Wed 7:40–9:15 P403, V. Kajurová
BPF_FIU1/26: Thu 12:50–14:30 P102, M. Jurová
BPF_FIU1/28: Tue 18:00–19:35 P106, V. Kajurová
( BPE_MIE1 Microeconomics 1 || BKE_MIE1 Microeconomics 1 ) || ( FSpS:bp1039 Management ) || ( FSpS:bp2039 Management ) || ( BPH_ZMAN Principles of Management || BPE_ZEKO Principles of Economics )
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.
The capacity limit for the course is 757 student(s).
Current registration and enrolment status: enrolled: 1/757, only registered: 0/757, only registered with preference (fields directly associated with the programme): 0/757
fields of study / plans the course is directly associated with
there are 22 fields of study the course is directly associated with, display
Course objectives
At the end of this course a student should be able to:
- describe and explain basic principles, assumptions and principles of financial accounting;
- use basic methods of accounting viewing economic processes in companies;
- to analyze the simple economic problems, establish a procedure to assess the impact of accounting and financial solutions for profit.
  • 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.
    required literature
  • SEDLÁČEK, Jaroslav, Eva HÝBLOVÁ, Zuzana KŘÍŽOVÁ and Petr VALOUCH. Finanční účetnictví (Financial accounting). 2. přepracované vydání. Brno: Masarykova univerzita, 2012. 240 pp. ISBN 978-80-210-5832-3. info
  • SEDLÁČEK, Jaroslav, Eva HÝBLOVÁ and Zuzana KŘÍŽOVÁ. Praktikum finančního účetnictví pro ekonomická, finanční a právní studia. 2. uprav. vyd. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2013. 175 s. ISBN 9788073804398. info
    recommended literature
  • RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka : průvodce podvojným účetnictvím k 1.1.2015. 15. aktualiz. vyd. Olomouc: Anag, 2015. 1118 s. ISBN 9788072639243. info
  • RANDÁKOVÁ, Monika. Finanční účetnictví pro podnikatele v příkladech. Vyd. 4., přeprac. V Praze: Oeconomica, 2012. 133 s. ISBN 9788024518527. info
  • LANDA, Martin. Základy účetnictví. 2. upr. vyd. Ostrava: Key Publishing, 2011. 254 s. ISBN 9788074181177. info
  • DVOŘÁKOVÁ, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 4. aktualiz. a rozš. vyd. Brno: BizBooks, 2014. xi, 327. ISBN 9788026501497. info
Teaching methods
Lecture of the theory, on the seminars accounting of basic economic operations typical for companies using the chart for the target businesses. Compilation of simplified financial statements.
Assessment methods
2 follow-up written tests (two tests at 27 points for admission to examination must be a minimum of 17 points), written examination (2 to 3 theoretical questions and 2 to 3 examples maximum can get 30 points for successfully passing the exam min. 19 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.
Language of instruction
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.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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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 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020.
  • Enrolment Statistics (Autumn 2015, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2015/BPF_FIU1