| Course title | Financial Accounting II |
|---|---|
| Course code | KUF/KFUC2 |
| Organizational form of instruction | Lecture |
| Level of course | unspecified |
| Year of study | not specified |
| Semester | Summer |
| Number of ECTS credits | 6 |
| Language of instruction | Czech |
| Status of course | unspecified |
| Form of instruction | unspecified |
| Work placements | unspecified |
| Recommended optional programme components | None |
| Lecturer(s) |
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| Course content |
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Lectures: 1- Introduction to IFRS. Conceptual framework. U.S. regulations U.S. GAAP. Methodological principles of reporting according to IFRS and U.S. GAAP. The main differences between IFRS and Czech legislation - reporting of assets. The main differences between IFRS and Czech legislation - reporting liabilities. 2 - The main differences between IFRS and Czech regulations - cost reporting. The main differences between IFRS and Czech legislation - the recognition of revenue. The main differences between IFRS and Czech legislation - the valuation of items at onset. 3 - The main differences between IFRS and Czech legislation - the valuation date of financial statemets. The main differences between IFRS and Czech legislation - the principles of the assets. Statements prepared in conditions with IFRS. 4 Presentation of Financial Statements. Events after the balance sheet date. IAS 8 - Changes in accounting policies, changes in accounting estimates. Statements prepared according to U.S. GAAP. E-learning course in Moodle (available on http://moodle.ef.jcu.cz/course/view.php?id=54) contains learning materials, especially course syllabus, the detailed content of of lectures and exercises, additional study texts , model examples and their solutions, for sample texts . The course is periodically updated.
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| Learning activities and teaching methods |
| Monologic (reading, lecture, briefing) |
| Learning outcomes |
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The aim of Financial accounting 2 is to present to aspects of International accounting and reporting. The later is to make students acquainted with some accounting standards and application of choosing accountingś problems.
Students understand the basic principles of international accounting. They are able to work with standards IAS/IFRS and to use standards in practices. |
| Prerequisites |
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unspecified
KUF/FUC1 and KUF/CMSV1 ----- or ----- KUF/IFRS1 ----- or ----- KUF/IFS1 ----- or ----- KUF/KIFR1 ----- or ----- KUF/MSVU1 |
| Assessment methods and criteria |
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Combined exam
Credit Requirements: Obtaining at least 60% in three credit tests . Participation in exercises - at least 80%. Examination Requirements: Obtaining at least 60% in written test and pass an verbal exam. |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester |
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