VŠTE:BPE_FUC_2 Financial Accounting II

BPE_FUC_2 Financial Accounting II

Institute of Technology and Business in České Budějovice
winter 2024

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Guaranteed by

Ing. Tomáš Krulický, MBA, PhD.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finances – Deputy Director of Department for Research, Development and Creative Activity – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Prerequisites

BPE_MZU Payroll Accounting
BPE_FUC_1

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

Business Economics (programme VŠTE, B_PE) (2)

Course objectives supported by learning outcomes

The aim of the course is to get an overview of the accounting of accounting operations, ie short and long-term financial assets, securities, bills of exchange, inventories of own production, long-term tangible and intangible assets, advances, wages and salaries, wages and salaries, and their accruals, subsidies, exchange rate differences, preparation of financial statements (prepaid work, financial statements), disclosure and audit. The procedure for accounting for the closing accounting operations of a joint stock company, a public company and a limited partnership will be clarified. Students will also receive information on accounting in the primary agricultural production business, individual entrepreneur and tax records. Successful graduates are able to account for the entity's current business operations as well as economic transactions related to the annual financial statements, understand the underlying statements.

Learning outcomes

Upon successful completion of the course, student:
1. accounts for the entity 's current economic operations as well as economic operations related to the annual financial statements, understands the basic statements,
2. provides information on the short- and long-term investments and accounting for his ability to charge on tangible and intangible assets, inventories of own production, backups, wages, settlement relations, equity and debt,
3. understands the issues of costs, revenues and accruals, understands the link with the Income Tax Act,
4. applies this issue to leasing,
5. understands the issues of the annual accounts and the accounts, they will have competences in accounting for agricultural primary production, individual entrepreneurs and tax records.

Syllabus

Lectures:
1. Short-term financial assets
2. Accounting for inventories of own production
3. Tangible and intangible fixed assets
4. Clearing relations. Subsidy. Exchange rate differences.
5. Accounting for wages and deductions from them.
6. Own and foreign sources.
7. Costs, revenues and their accruals, leasing.
8. Closure and closing accounts.
9. The specifics of billing for a public company and a limited partnership.
10. Accounting for primary agricultural production. Individual business accounting.
11. Long-term financial assets.
12. Business tax registration - VAT non-payer.
13. Business Tax Evidence.
Seminars:
1. Short-term financial assets, valuables, inventory differences in the cash register.
2. Accounting for inventories of production by method A and method B. Advances to employees.
3. Tangible and intangible fixed assets - acquisition, classification, depreciation, amortization, inventory, disposal or loss.
4. Clearing relations - accounting for advances granted and received. Subsidies - characteristics, division of accounting. Exchange rate differences - calculation and accounting of exchange rate gain and loss.
5. Accounting for wages and deductions from them.
6. Own and foreign sources - characteristics and accounting.
7. Mid-term test. Costs, revenues from accrual accounting and leasing.
8. Closure and closing accounts - activities and accounting operations related to the closure of accounts at the end of the accounting period (inventory, tax analysis of costs, leasing, estimated items, adjustments, material and goods on the way).
9. The specifics of billing for a public company and a limited partnership. Income tax accounting. Balance Sheet, Profit and Loss Account, Attachment, Disclosure, Audit.
10. Accounting for primary agricultural production. Individual business accounting.
11. Long-term financial assets, securities, bills of exchange.
12. Business tax registration - basic information, VAT non-payer.
13. Business Tax Evidence - VAT Payer.

Literature

required literature

KOVANICOVÁ, D., 2012. Abeceda účetních znalostí pro každého. 20. aktualiz. vyd. Praha: Polygon. ISBN 978-80-7273-169-5.
RYNEŠ, P., 2018. Podvojné účetnictví a účetní závěrka 2018. 18. aktualiz. vyd. Olomouc: Anag. ISBN 978-80-7554-116-1.
DUŠEK, J. a J. SEDLÁČEK, 2016. Daňová evidence podnikatelů 2016. 13. vyd. Praha: Grada. ISBN 978-80-271-0035-4.
LÍBAL, T., 2018. Účetnictví: principy a techniky. 5. aktualiz. vyd. Praha: Institut certifikace účetních. Vzdělávání účetních v ČR. ISBN 978-80- 87985-15-1.
WILD, J. J., 2018. Financial accounting fundamentals. 6th edit. New York: McGraw-Hill Education. ISBN 978-1-259-72691-0.
HARRISON, W. T. et al., 2015. Financial accounting. Tenth edition. Boston: Pearson. ISBN 978-0-13-342753-0.

recommended literature

CHALUPA, R., 2018. Abeceda účetnictví pro podnikatele 2018. 16. aktualiz. vyd. Olomouc: ANAG. ISBN 978-80-7554-121-5.
Vyhláška č. 500 ze dne 6. listopadu 2002, kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, ve znění pozdějších předpisů. In: Zákony pro lidi.cz [online]. Dostupné z: https://www.zakonyprolidi.cz/cs/2002-500
Vyhláška č. 250 ze dne 16.9.2015, kterou se mění vyhláška č. 500/2002 Sb., kterou se provádějí některá ustanovení z. č. 563/1991 Sb., o účetnictví, ve zn. pozd. předp. In: Zákony pro lidi.cz [online]. Dostupné z: https://www.zakonyprolidi.cz/cs/2015-250
Vyhláška č. 441 ze dne 7.12.2017, kterou se mění vyhláška č. 500/2002 Sb., kterou se provádějí některá ust. z. č. 563/1991 Sb., o účetnictví, ve zn. pozd. předp. In: Zákony pro lidi.cz [online]. https://www.zakonyprolidi.cz/cs/2017-441/zneni-20180101
KABOURKOVÁ, K., 2009. Účetnictví III. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích. ISBN 978-80- 87278-28-4.
ČESKO. Zákon č. 586 ze dne 20. listopadu 1992 o daních z příjmů. In: Zákony pro lidi.cz [online]. AION CS [cit. 2018-05-18]. Dostupné z: https://www.zakonyprolidi.cz/cs/1992-586
ČESKO. Zákon č. 563 ze dne 12. prosince 1991 o účetnictví. In: Zákony pro lidi.cz [online]. AION CS [cit. 2018-05-18]. Dostupné z: https://www.zakonyprolidi.cz/cs/1991-563

Forms of Teaching

Lecture
Seminar
Tutorial

Teaching Methods

Frontal Teaching
Group Teaching - Cooperation
Individual Work– Individual or Individualized Activity

Student Workload

Activities	Number of Hours of Study Workload
Activities	Daily Study	Combined Study
Preparation for the Mid-term Test	10	10
Preparation for Seminars, Exercises, Tutorial	44	80
Preparation for the Final Test	20	20
Účast na průběžném testu (in Czech)	2	2
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Účast na závěrečném testu (in Czech)	2	2
Total:	130	130

Assessment Methods and Assesment Rate

Test – mid-term 30 %
Test – final 70 %

Exam conditions

For successful completion of the course it is necessary to achieve a minimum of 70% in the interim and final assessment under the conditions set out below. 30 points can be obtained in the intermediate assessment, i.e. 30%. A total of 70 points, i.e. 70 %, may be obtained in the final assessment. The overall classification of the course, i.e. points for the final assessment (70 - 0) + points from the interim assessment (30 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 - 30, F 29.99 - 0. A full-time student is required to meet the mandatory 70% attendance in contact classes, i.e. everything except lectures. If attendance is not met, the student will automatically be graded "-".

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught: every week.

Teacher's information

Attendance at classes in all forms is dealt with in a separate internal standard of the VŠTE (Record of Student Attendance at the VŠTE). For full-time students, 70% attendance is mandatory at contact classes, i.e. everything except lectures. Students are obliged to contact the Head of the Valuation Group (Ing. Tomáš Krulický, MBA, PhD.) immediately after the approval of their Individual Study Plan (ISP) via email (krulicky@mail.vstecb.cz), in case the student fails to do so, his/her ISP will not be taken into account. If they have any questions, they can contact the Head of the Valuation Group via email (krulicky@mail.vstecb.cz). Students are encouraged to attend both lectures and tutorials.

The course is also listed under the following terms summer 2021, winter 2021, summer 2022, winter 2022, winter 2023.

Enrolment Statistics (winter 2024, recent)
Permalink: https://is.vstecb.cz/course/vste/winter2024/BPE_FUC_2

VŠTE:BPE_FUC_2 Financial Accounting II - Course Information

BPE_FUC_2 Financial Accounting II

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