BPE_FUC_1 Financial Accounting I

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)
Ing. Marta Hortová (seminar tutor)
Ing. Kristina Kabourková (seminar tutor)
Ing. Veronika Šanderová, MSc., PhD. (seminar tutor)
Guaranteed by
Ing. Veronika Šanderová, MSc., PhD.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finances – Department of Deputy Director for Research, Development and Creative Activities – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
BPE_FUC_1/E4: Sat 12. 10. 14:50–16:20 B4, 16:30–18:00 B4, Sat 30. 11. 9:40–11:10 E5, 11:25–12:55 E5, 13:05–14:35 E5, Sun 15. 12. 9:40–11:10 B5, 11:25–12:55 B5, 13:05–14:35 B5, M. Hortová, K. Kabourková
BPE_FUC_1/P01: Mon 14:50–16:20 B1, M. Hortová
BPE_FUC_1/S01: Wed 14:50–16:20 E4, K. Kabourková
BPE_FUC_1/S02: Thu 14:50–16:20 D616, M. Hortová
BPE_FUC_1/S03: Fri 11:25–12:55 B4, K. Kabourková
BPE_FUC_1/S04: Fri 13:05–14:35 D415, K. Kabourková
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 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. defines the basic categories (definition of assets and liabilities, costs and revenues, the principle of duality and correlation),
2. solves basic accounting cases and compile a balance sheet and profit and loss statement,
3. identifies, classifies and records basic economic operations,
4. accounts properly for the underlying economic operations in the enterprise,
5. correctly interprets the information they get from individual accounts and reports,
6. compiles a balance sheet, a profit and loss statement, and an attachment,
7. judges the economic situation of the company well from the data they obtain in the accounting,
8. gains competence to further study this discipline in the follow-up study, as well as any changes to the laws that regulate accounting.
Syllabus
  • Lectures:
  • 1. Principle and importance of accounting.
  • 2. Accounting documents.
  • 3. Balance Sheet
  • 4. Costs, revenues, profit / loss - accounting principles.
  • 5. Methodological elements of accounting
  • 6. Accounting plan
  • 7. Basic accounting for short-term financial assets
  • 8. Basics of inventory accounting method A
  • 9. Basics of inventory accounting B
  • 10. Basic accounting of fixed assets
  • 11. Tangible and intangible fixed assets
  • 12. Basic wage accounting
  • 13. VAT
  • Seminars:
  • 1. Principle and importance of accounting. Accounting legislation in the Czech Republic.
  • 2. Accounting documents. Characteristics of accounting documents, circulation of accounting documents, archiving.
  • 3. Balance Sheet - Enterprise assets, characteristics and division, source of coverage.
  • 4. Costs, revenues, profit / loss - characteristics, division and accounting principles.
  • 5. Methodological elements of accounting; Accounting books; Control system in accounting.
  • 6. Accounting plan - work schedule, account schedule. Synthetic and analytical accounts.
  • 7. Continuous test. Basic accounting for short-term financial assets - cash register, bank accounts, money on the way, credits.
  • 8. Basics of inventory accounting - breakdown, valuation, inventory accounting A.
  • 9. Basics of inventory accounting - breakdown, valuation, inventory accounting method B, comparison of accounting of both methods, advantages and disadvantages of both methods.
  • 10. Basic accounting of fixed assets - breakdown, valuation, acquisition.
  • 11. Tangible and intangible fixed assets - depreciation, technical improvements of fixed assets, decommissioning, inventory differences.
  • 12. Basic wage accounting - wage calculation, accounting, clearing with employees and social and health insurance institutions.
  • 13. VAT - principles, principles and procedures for calculation, accounting.
Literature
    required literature
  • RYNEŠ, P., 2018. Podvojné účetnictví a účetní závěrka 2018. 18. aktualiz. vyd. Olomouc: Anag. ISBN 978-80-7554-116-1.
  • LÍBAL, T., 2014. Účetnictví - principy a techniky. Praha: Institut certifikace účetních. ISBN 978-80-86716-94-7.
  • KABOURKOVÁ, K., R. PÍCHOVÁ a M. POPÍLKOVÁ, 2016. Účetnictví. Skripta. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích.
  • HARRISON, W. T. et al., 2015. Financial accounting. Tenth edition. Boston: Pearson. ISBN 978-0-13-342753-0.
  • WILD, J. J., [2018]. Financial accounting fundamentals. 6th edit. New York: McGraw-Hill Education. ISBN 978-1-259-72691-0.
    recommended literature
  • KOVANICOVÁ, D., 2008. Abeceda účetních znalostí pro každého. 18. aktualiz. vyd. Praha: Bova Polygon. ISBN 978-80-7273-152-7.
  • MRKOSOVÁ, J., 2013. Účetnictví 2013: učebnice pro SŠ a VOŠ. Brno: Edika. ISBN 978-80-266-0176- 0.
  • RUBÁKOVÁ, V., 2014. Účetnictví pro úplně začátečníky 2014. Praha: Grada. ISBN 978-80-247-5123-8.
  • CHALUPA, R., 2018. Abeceda účetnictví pro podnikatele 2018. 16. aktualiz. vyd. Olomouc: ANAG. ISBN 978-80-7554-121-5.
Forms of Teaching
Lecture
Seminar
Tutorial
Teaching Methods
Frontal Teaching
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for the Mid-term Test1010
Preparation for Seminars, Exercises, Tutorial4480
Preparation for the Final Test2020
Účast na průběžném testu (in Czech)22
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion2616
Účast na závěrečném testu (in Czech)22
Total:130130
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.
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, winter 2022, winter 2023.
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