ZUC_Px Basics of Accouting

STING ACADEMY
winter 2019
Extent and Intensity
2/0/0. 5 credit(s). Type of Completion: zk (examination).
Guaranteed by
doc. Ing. Roman Horák, CSc.
Katedra účetnictví a daní – Rektor – STING ACADEMY
Prerequisites
SOUHLAS
Microeconomics
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
Clarifying the principles of accounting thinking. Understanding accounting methods and tools, their use in evidence of assets, liabilities, costs, revenues and profit. Acquiring accounting skills in the current accounting period. Manage the skills of preparation of financial statements in accordance with Czech accounting regulations.
Learning outcomes
Student will be able to:
- clarify the principles of accounting;
- manage the use of methods and tools in the accounting records of assets liabilities, costs, income and profit or loss;
- acquire the skills of accounting practices in the current accounting period;
- demonstrate skills of preparation of financial statements in accordance with Czech accounting rules;
Syllabus
  • 1. MEANING, PURPOSE, FUNCTION AND BASIC TERMS OF ACCOUNTING 1.1 What are Accounting and Bookkeeping? 1.2 Legal Framework of Accounting 1.3 Terminology and Concepts of Accounting 1.3.1 Accounting systems 1.3.2 The Entity and its Obligations 2. GENERAL ACCOUNTING PRINCIPLES 2.1 What are General Principles in Accounting? 2.2 Harmonisation within the European Community 3. TOOLS FOR CONCLUSIVE EVIDENCE OF ACCOUNTING 3.1 Accounting Records 3.2 Accounting Entries 3.3 Accounting Vouchers 3.4 Opening and Closing of Accounting Books 3.5 Property and Liability Inventory 3.6 Valuation 4. ASSETS. SOURCES OF THEIR FINANCING, BALANCE SHEET 4.1 What are Assets and Resources of the Enterprise? 4.2 Assets, Sources and their Expression in the Balance Sheet 4.3 The Influence of Economic Operations on the Balance Sheet 5. COSTS, REVENUES, PROFIT AND LOSS ACCOUNT 5.1 What are Costs? 5.2 What are Revenues? 5.3 Costs, Revenues, Balance Sheet and Profit and Loss Account 6. BALANCE SHEET AND NOMINAL ACCOUNTS 6.1 The Account, its Function and Forms 6.2 Balance Sheet Accounts 6.3 Nominal Accounts 6.4 Synthetic and Analytical Accounts 6.5 Turnover, Trial Balance and Classification of Accounts 6.5.1 Classification of Accounts, Guidance for Accounting Chart and Chart of Accounting 7. CURRENT ACCOUNTING CASES 7.1 Accounting for Inventories (1) 7.1.1 Definitions 7.1.2 Valuation 7.1.3 Inventory Accounting A 7.1.4 Inventory accounting B 7.1.5 Common Principles for A and B 7.1.6 Examples of Selected Accounting Cases 7.2 ACCOUNTING FOR SHORT-TERM FINANCIAL ASSETS AND FINANCIAL ASSETS, SHORT-TERM LIABILITIES TO CREDIT INSTITUTIONS (2) 7.2.1 Definitions 7.2.2 Valuation 7.2.3 Accounting for Funds 7.2.4 Accounting for Bank Accounts 7.2.5 Accounting for Short-term Loans, Financial Assets and Financial Assistance 7.2.6 Accounting for Transfer Accounts (Money in Transit) 7.2.7 Examples of Selected Accounting Cases 7.3 ACCOUNTING FOR FIXED ASSETS (0) 7.3.1 Definitions 7.3.2 Acquisition 7.3.3 Valuation 7.3.4 Depreciation 7.3.5 Accounting 7.3.6 Long-term Financial Assets 7.3.7 Examples of Selected Accounting Cases 7.4 CLEARING RELATIONS (3) 7.4.1 Definition 7.4.2 Receivables for Business Relations 7.4.3 Short-term Liabilities 7.4.4 Temporary Asset and Liability Accounts and Provisions 7.4.5 Examples of Selected Accounting Cases 7.5 CAPITAL AND LONG-TERM LIABILITIES (4) 7.5.1 Definitions 7.5.2 Individual entrepreneur (49) 7.5.3 Accounting 7.5.4 Examples of Accounting Cases 7.6 COSTS AND REVENUES (5, 6) 7.6.1 Definition 7.6.2 Cost Accounting (5) 7.6.3 Revenues Accounting (6) 7.6.4 Accruals Principles 7.6.5 Examples of Selected Accounting Cases 79 8. CLOSING OF ACCOUNTING AND THE FINANCIAL STATEMENT (7) 8.1 Closing of Accounting 8.1.1 Closing of Accounting Books 8.1.2 Determination of Profit or Loss 8.1.3 Income Tax Liability 8.1.4 Distribution of Profit 8.2 Preparation of Financial Statements 8.2.1 Types of Financial Statement 8.2.2 Content and Scope of the Financial Statement 8.2.3 Audit and Approval of Financial Statements 8.2.4 Publication and Related Operations
Literature
    required literature
  • SKÁLOVÁ, Jana. Podvojné účetnictví 2018. Praha: Grada Publishing, 2018, 192 pp. ISBN 978-80-271-0868-8. info
    recommended literature
  • RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka 2016. Olomouc: ANAG, 2016, 1120 pp. URL info
  • CHALUPA, Rostislav and Jiří KADLEC. Abeceda účetnictví pro podnikatele. Abeceda účetnictví pro podnikatele. ANAG, 2016, No 2396, 432 pp. URL info
  • SVOBODOVÁ, J. Abeceda účetnictví pro některé vybrané účetní jednotky 2017/2018. Olomouc: ANAG, 2017, 500 pp. ISBN 978-80-7554-090-4. info
Teaching methods
lectures, practises, complex case
Assessment methods
written text (consist of 10 questions, 60 % of correct answers is needed to pass), oral exam (1 selected question of 20 issues)
Language of instruction
Czech
The course is also listed under the following terms summer 2016, summer 2017, winter 2017, summer 2018, winter 2018, summer 2019, winter 2020.
  • Enrolment Statistics (winter 2019, recent)
  • Permalink: https://is.newton.cz/course/sting/winter2019/ZUC_Px