MPF_MUST International Financial Reporting

Faculty of Economics and Administration
Autumn 2023
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
prof. Ing. Eva Horvátová, CSc. (lecturer)
Ing. Eva Hýblová, Ph.D. (lecturer)
Mgr. Ing. Filip Hampl, Ph.D., LL.M. (seminar tutor)
Ing. Eva Hýblová, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Eva Horvátová, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Thu 12:00–13:50 P303, except Thu 21. 9., except Thu 9. 11.
  • Timetable of Seminar Groups:
MPF_MUST/01: Tue 18:00–19:50 P304, except Tue 19. 9., except Tue 7. 11., F. Hampl
MPF_MUST/02: Tue 16:00–17:50 P102, except Tue 19. 9., except Tue 7. 11., F. Hampl
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 75 student(s).
Current registration and enrolment status: enrolled: 44/75, only registered: 0/75, only registered with preference (fields directly associated with the programme): 0/75
fields of study / plans the course is directly associated with
Course objectives
The purpose of the subject is to acquaint students with fundamental trends of accountancy harmonization in Europe, directive EU 2013/37/EU and International Financial Reporting Standards. The intent is also to introduce International Financial Reporting Standards. Further more the subject is intended to be descriptive in matter of recognize and measure of the Financial Statement issue in unity with Standards.
Learning outcomes
At the end of this course, the students should be able to:
- characterize the general methods of harmonization in accounting;
- use regulations of recognition and measurement of the elements in financial statements according to the International Financial Reporting Standards;
- prepare the financial statements according to IFRS;
- apply these Standards.
Syllabus
  • Introducing to the European accounting, harmonization of accounting, Directives of the European Union.
  • International Financial Reporting Standards.
  • IAS 1 - Presentation of Financial Statements; IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors; IFRS 1 - First-time Adoption of International Financial Reporting Standards; IAS 7 -Cash Flow Statements.
  • IAS 16 - Property, Plant and Equipment; IAS 40 - Investment Property
  • IAS 38 - Intangible Assets.
  • IFRS 16 - Leases.
  • IAS 36 - Impairment of Assets.
  • IAS 2 – Inventories, IAS 37 - Provisions, Contingent Liabilities and Contingent Assets.
  • IFRS 9 - Financial Instruments.
  • IFRS 15 — Revenue from Contracts with Customers.
  • IAS 12 – Income Taxes.
  • The Effects of Changes in Foreign Exchange Rates, IAS 20 - Accounting for Government Grants and Disclosure of Government Assistance. IAS 23 - Borrowing Costs.
  • Closing seminar.
Literature
    required literature
  • HÝBLOVÁ Eva a Filip HAMPL. Mezinárodní standardy účetního výkaznictví - pracovní sešit. Studijní materiál, dostupný v ISU na stránce předmětu.
    recommended literature
  • KRUPOVÁ, Lenka. IFRS : mezinárodní standardy účetního výkaznictví, interpretace a aplikace v podnikové praxi. 3. vydání. Praha: 1. Vox, 2019, iv, 740. ISBN 9788087480700. info
  • IFRS standards : issued at 1 January 2019. London: International Accounting Standards Board, 2019, 1809 stran. ISBN 9781911629122. info
    not specified
  • HÝBLOVÁ, Eva and Filip HAMPL. Mezinárodní standardy účetního výkaznictví. Studijní text (International Financial Reporting Standards. Study text). 1., elektronické vydání. Brno: Masarykova univerzita, 2020, 189 pp. ISBN 978-80-210-9580-9. URL URL info
  • 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
Teaching methods
The course is taught 2 hours per for lectures and two hours for seminars. The seminars are aimed at solving examples and case studies, stemming from recognition of assets, liabilities, income and revenues in accordance with International Financial Reporting Standards.
Assessment methods
The subject is taught within the range of two lectures and two seminars per week. It is enclosed by an exam, which is supposed to be written and comprises of the theoretical part as well as the practical. Throughout the semester, this is one control tests on schedule. The minimal score tolerated is 60%. The students are also liable to perform one presentation, which is classified as well (passed/failed).

The exact requirements for completing the course also apply to students studying abroad (e.g. Erasmus) with an individual study plan, except for the compulsory attendance (alternative assignment is provided instead). More information on the alternative assignment is given in the interactive syllabus of the course. Students are required to contact the seminar tutor in the first teaching week of the semester and arrange the deadlines for fulfilling the assignment.

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
Czech
Further Comments
Study Materials
The course is taught annually.
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 2024.
  • Enrolment Statistics (Autumn 2023, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2023/MPF_MUST