BE_PH_ACC Basics of Accounting

NEWTON University
winter 2022
Extent and Intensity
2/2. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Marina Purina, Ph.D. (lecturer)
Marina Purina, Ph.D. (seminar tutor)
Marina Purina, Ph.D. (alternate examiner)
Guaranteed by
Ing. Jana Pokorná, Ph.D.
Centre for International Programmes – NEWTON University
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The course introduces the student to the issues of accounting of business entities. The aim of the course is to acquaint students with the basic knowledge of the principles and methods of double-entry bookkeeping for business entities. The course enables the acquisition of knowledge of the basics of double-entry bookkeeping, ie knowledge of the subject and methodological elements of financial accounting. The student will learn to account for simple accounting cases that can be applied in ordinary accounting practice and understand the mutual economic context. Emphasis is placed on understanding financial statements. The graduate of the course will acquire professional knowledge of business accounting, understand the financial reporting system according to accounting legislation and methods of accounting capture of economic data of economic entities, can define decision-making tasks and their solution, which is based on accounting information, understands the principles of financial statements and can interpret the individual information from the financial statements adequately. The graduate of the course reflects the data obtained from accounting as an important tool for the effective work of corporate management. Among other things, the specifics of accounting procedures as well as basic financial statements in the United Kingdom and the United States will be discussed.  
Syllabus
  • Main topics of the course:
  • Accounting, its essence, basic elements, accounting principles
  • Forms of accounting; double entry accounting system
  • Fixed assets
  • Inventories of own production and inventories purchased
  • Financial assets, settlement relations
  • Sources of coverage: equity, external sources
  • Expense and gain
  • Financial statements - financial statements, balance sheet, profit and loss statement
  • International accounting standards
  • Specifics of accounting procedures and statements in Great Britain and the USA
Assessment methods
Ungraded credit (on campus): minimum attendance at seminars 80%, minimum 50% success rate in continuous tests; (online) minimum 50% success rate in continuous credit tests Examination (on campus, online): oral examination (in case of online form of study implemented via appropriate remote electronic communication systems) 
Language of instruction
English
The course is also listed under the following terms summer 2020, winter 2023, winter 2024.
  • Enrolment Statistics (winter 2022, recent)
  • Permalink: https://is.newton.cz/course/nu/winter2022/BE_PH_ACC