PFFUII Financial Accounting II

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Jaroslav Sedláček, CSc. (lecturer)
Ing. Dionýz Horváth (seminar tutor)
Ing. Eva Hýblová, Ph.D. (seminar tutor)
Ing. Michaela Jurová, Ph.D. (seminar tutor)
Ing. Bc. Alois Konečný, Ph.D. (seminar tutor)
Ing. Petr Málek (seminar tutor)
Ing. Peter Mokrička, Ph.D. (seminar tutor)
Ing. Petr Valouch, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Timetable
Tue 9:20–11:00 P102, Tue 9:20–11:00 P101
  • Timetable of Seminar Groups:
PFFUII/1: Thu 17:10–18:45 P403, P. Valouch
PFFUII/10: Thu 16:20–17:55 P303, P. Málek
PFFUII/11: No timetable has been entered into IS. E. Hýblová
PFFUII/12: No timetable has been entered into IS. D. Horváth
PFFUII/13: No timetable has been entered into IS. E. Hýblová
PFFUII/14: Mon 11:05–12:45 P312, E. Hýblová
PFFUII/15: Tue 11:05–12:45 P106, A. Konečný
PFFUII/2: Mon 9:20–11:00 P312, E. Hýblová
PFFUII/3: Mon 16:20–17:55 P201, P. Mokrička
PFFUII/4: Mon 12:50–14:30 P304, P. Mokrička
PFFUII/5: Tue 14:35–16:15 S306, M. Jurová
PFFUII/6: Thu 11:05–12:45 P102, P. Valouch
PFFUII/7: Thu 12:50–14:30 P103, P. Valouch
PFFUII/8: Thu 14:35–16:15 P103, P. Valouch
PFFUII/9: Tue 12:50–14:30 P102, A. Konečný
Prerequisites
PFFUI Financial Accounting I || PřF:E3301 Financial book-keeping I
Financial Accounting II is a follow-up course to Financial Accounting I and other basic courses attended so far.
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 456 student(s).
Current registration and enrolment status: enrolled: 0/456, only registered: 0/456, only registered with preference (fields directly associated with the programme): 0/456
fields of study / plans the course is directly associated with
there are 12 fields of study the course is directly associated with, display
Course objectives
The course extends the knowledge gained in Financial accounting I. It builds on theoretical principles and methods of accounting that are used when presenting economic transactions made by particular economic subjects. The course deals with more detailed accounting techniques related to company assets and liabilities, mainly from the area of business relations, equity and long-term borrowed capital. Students will become fairly familiar with accounting techniques related to costs and returns of accounting unit, with account closing at the end of accounting period and with making up of closing balance sheet, with the calculation of economic result, with compilation of profit and loss statement, cash flow statement and notes to the financial statements. Information about adjustment of Czech accounting system to international accounting standards (and information technologies) forms important part of the course. The course aims to teach students basic accounting techniques concerning assets and liabilities of economic subjects (corporations and institutions too). Special attention is paid to compilation of accounting statements, interpretation of accounting data and their economic importance in the area of finance and business activity. At the end of the course students will be familiar not only with theoretical approaches and accounting methods applied when dealing with particular accounting transactions but also with the way transactions show in business activities of companies and institutions.
Syllabus
  • 1. The essence and character of short-term financial assets and liabilities, their valuation, accounting techniques, inventorying and analytical evidence.;
  • 2. Inventory accounting methods, its valuation, inventorying and analytical evidence.;
  • 3. Specific accounting techniques concerning internally produced inventory. Special cases of inventory accounting at the end of accounting period.
  • 4. Accounting techniques concerning long-term assets of accounting unit. Difference in valuation connected to acquired property and goodwill.
  • 5. Characteristic of clearing relations. Accounting procedures concerning receivables and liabilities from business relationships.
  • 6. Clearing with employees, institutions, shareholders, corporations and companies associated in group. Taxes and subsidies. Temporary accounts of assets and liabilities.
  • 7. Accounting concerning equity of accounting unit. Changes in equity, capital funds, profit funds, accumulated profit or outstanding loss from previous years and loss/profit from this accounting period.
  • 8. Accounting concerning long-term borrowed capital and reserves. Obligation emission and long-term bank credits.
  • 9. Costs and returns – accounting procedures, profit, analytical evidence related to income tax. Calculation of the base for income tax, calculation of income tax due. Deferred income tax.
  • 10. Final accounts. Control of completeness, correctness and conclusive evidence of accounting. Inventorying of assets and liabilities and closing of accounting books. Calculation and clearing of income tax.
  • 11. Compilation of closing accounting statements – balance sheet, profit and loss statement, Notes to the financial statements, cash flow statement and equity changes statement.
  • 12. Information technologies in accounting (software products).
  • 13. The ways of accounting harmonisation (within European integration, IFRS and US GAAP).
Literature
  • Sedláček, J. a kol.: Základy finančního účetnictví. Praha: Ekopress, 2005. ISBN 80-86119-95-5
  • Sedláček, J. a kol.: Praktikum finančního účetnictví. Plzeň: Aleš Čeněk, 2007. ISBN 978-80-7380-050-5
  • KOVANICOVÁ, Dana. Abeceda účetních znalostí pro každého [Kovanicová, 2000]. 10. aktualizované vyd. Praha: Polygon, 2000, 374 s. + Ú. ISBN 80-7273-003-7. info
  • MUNZAR, Vladimír, Hana BŘEZINOVÁ and Ludmila MUZIKÁŘOVÁ. Základy podvojného účetnictví : učebnice vzdělávacího centra Svazu účetních. Praha: Bilance, 1995, 164 s. info
Assessment methods
Form of instruction: 2/2 (lecture /seminar). Students are allowed to take the final (oral) exam after the following criteria have been met:
- passing in-term check tests;
- presentation at seminar (topics are given by teacher one week in advance).
Language of instruction
Czech
Follow-Up Courses
Further Comments
Study Materials
The course is taught annually.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2002, Spring 2003, Spring 2004, Spring 2005, Spring 2006, Spring 2007, Spring 2008.
  • Enrolment Statistics (recent)
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