BKF_FIU2 Financial Accounting 2

Faculty of Economics and Administration
Spring 2010
Extent and Intensity
0/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michaela Jurová, Ph.D. (lecturer)
Ing. Petr Valouch, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Jaroslav Sedláček, CSc.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Timetable
Sun 7. 3. 14:35–19:35 aula Vinařská
Prerequisites
( KFFUI Financial Accounting I || KFFUI_T Financial Accounting I || BKF_FIU1 Financial Accounting 1 )&&(! KFFUII Financial Accounting II || ! KFFUII_T Financial Accounting II )
The subject Financial accounting II connects on Financial accounting I and on the knowledge that the students gained in their studies up to the present in the basic faculty courses.
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
Course objectives
The subject enlarges students knowledge gained in the Financial accounting I. It connects on theoretical attitudes, principles and methods of accounting that are used in depiction of economic transactions made by particular economic subjects. There are involved more detailed accounting techniques connected to company assets and liabilities, mainly from the branch of business relations, equity and long-term borrowed capital. Students are more detailed acquainted with accounting techniques connected with 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. Necessary are information about adjustment of Czech accounting system to international accounting standards (and information technologies) in the accounting branch too. The subject is aimed to teach the students basic accounting techniques concerning assets and liabilities of economic subjects (corporations and institutions too). The subject is specially focused on compilation of accounting statements, on interpretation of accounting data and of their economic sense in the processes of financing and entrepreneurship. By its graduation students will: - know besides theoretical attitudes and accounting methods application in solving particular accounting transactions also mostly in economic praxis of companies and institutions occurring procedures of economic transactions depiction.
Syllabus
  • 1. The meaning 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. Strange 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 statemenets – 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 the bounds of European integration, IFRS and US GAAP).
Literature
  • Sedláček, J. a kol.: Základy finančního účetnictví. Praha: Ekopress, 2005. ISBN 80-86119-95-5
  • SEDLÁČEK, Jaroslav and Radim LINKA. Základy finančního účetnictví. 1. vyd. Brno: Masarykova univerzita, 2003, 220 s. ISBN 8021030828. info
Assessment methods
Creation of WCT (work corrected by tutor). Written test.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: nezapisují si studenti, kteří absolvovali předmět KFFUII.
Information on the extent and intensity of the course: 6 hodin tutoriálu.
Credit evaluation note: k = 1,5.
Listed among pre-requisites of other courses
The course is also listed under the following terms Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2024, Spring 2025.
  • Enrolment Statistics (Spring 2010, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2010/BKF_FIU2