BPF_MSUV Financial reporting for small and medium-sized enterprises

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
0/2/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Eva Hýblová, Ph.D. (lecturer)
doc. Ing. Jaroslav Sedláček, CSc. (lecturer)
Guaranteed by
Ing. Eva Hýblová, Ph.D.
Department of Finance - Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance - Faculty of Economics and Administration
Prerequisites (in Czech)
BPF_FIU1 Financial Accounting 1
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 53 student(s).
Current registration and enrolment status: enrolled: 0/53, only registered: 0/53, only registered with preference (fields directly associated with the programme): 0/53
fields of study / plans the course is directly associated with
there are 44 fields of study the course is directly associated with, display
Course objectives
The aim of this course is to introduce harmonization of accounting in small and medium sized entities to students. The course is focused on interpretation of methods used in according with International Financial Reporting Standard for Small and Medium-sized Entities and with Czech legislation.
Learning outcomes
After passing this course the students should be capable: - characterise the methods of harmonization in small and medium sized enterprises, apply the principles of recognition and accessing financial statements. prepare the financial statements according to IFRS for SMEs.
Syllabus
  • Characteristics of small and medium-sized entities. Czech law.

  • Preface to the IFRS for SMEs. Concepts and pervasive principles. Financial statement presentation (statement of financial position, statement of comprehensive income).

  • Statement of changes in equity, statement of cash flow. Consolidated and separate financial statements.

  • Accounting policies, estimates and errors. Invetories.

  • Property, plant and equipment. Leases. Impairment of assets.

  • Intangible assets other than goodwill. Business combination and goodwill.

  • Provisions, Revenue. Equity. Income tax.

  • Borrowing costs. Government grants. Foreign currency translation.

  • Financial instruments.

  • Transition to the IFRS for SMEs.

Literature
    required literature
  • HÝBLOVÁ, Eva. Účetní výkaznictví pro malé a střední podniky. 1. vyd. Brno: Masarykova univerzita, 2010. 92 pp. ISBN 978-80-210-5319-9. info
  • HÝBLOVÁ, Eva. Účetní výkaznictví pro malé a střední podniky. 2010. dostupné na: https://is.muni.cz/auth/el/econ/jaro2020/BPF_MSUV/um/30799553/Ucetni_vykaznictvi_pro_male_a_stredni_podniky.pdf
    recommended literature
  • International financial reporting standard for small and medium-sized entities (IFRS for SMEs). London: International Accounting Standards Board, 2009. 230 s. ISBN 9781907026171. info
  • International financial reporting standard for small and medium-sized entities (IFRS for SMEs) : illustrative financial statements, presentation and disclosure checklist. London: International Accounting Standards Board, 2009. 64 s. ISBN 9781907026164. info
Teaching methods
The course is taught within two hours of seminars per week. The seminars require an active participation, the emphasis is on self-study. Seminars are aimed at recognition and measurement of assets and liabilities according to IFRS for SMEs.
Assessment methods
The course has a form of two seminars per week. It is completed by a written exam which comprises of a theoretical part as well as a practical one. In the course of the semester there are two scheduled in-term tests. The minimum success rate to pass them is 60%. The students are also supposed to deliver a presentation.
Language of instruction
Czech
Further Comments
The course is taught annually.
The course is taught: every week.
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.
  • Enrolment Statistics (Spring 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/BPF_MSUV