Course: International Financial Reporting Standards 2

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Course title International Financial Reporting Standards 2
Course code KUF/KIFR2
Organizational form of instruction Lecture
Level of course Master
Year of study not specified
Semester Summer
Number of ECTS credits 6
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Svoboda Jaroslav, Ing. Ph.D.
Course content
Thematic units: 1. Introduction to the course, methodical notes. 2. Fixed assets: IAS 16 Property, Plant and Equipment. IAS 40 - Investment Property. IAS 38 - Intangible Assets. IAS 20 - Government grants. IFRS 5 - Non-current Assets Held for Sale and Discontinued. Operations. 3. IFRS 16 - Leases. 4. Trade receivables and payables. IAS 32 - Financial Instruments: Presentation. IFRS 9 - Financial Instruments. 5. IAS 2 Inventories. 6. Biological assets: IAS 41 - Agriculture. 7. Liabilities: IAS 37 - Provisions, contingent assets and contingent liabilities. IAS 19 - Employee Benefits. IAS 12 - Income Taxes. Study aid: e-learning course in the MOODLE system.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Project-based learning
  • Preparation for classes - 104 hours per semester
  • Preparation for exam - 28 hours per semester
  • Class attendance - 8 hours per semester
  • Preparation for credit - 28 hours per semester
Learning outcomes
The aim of the course is to introduce students to the issues of international aspects of financial accounting and reporting. The course follows the course International Financial Reporting Standards 1 at the level of selected standards.
Students have knowledge and skills in understanding and applying international accounting standards at the level of selected standards, including a conceptual framework in the preparation of financial statements of entities. Students are able to discuss and apply standards in accordance with the requirements of this financial reporting framework.
Prerequisites
Passing the course International Financial Reporting Standards I.
KUF/CMSV1
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KUF/IFRS1
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KUF/IFS1
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KUF/KIFR1
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KUF/MSVU1

Assessment methods and criteria
Oral examination, Written examination, Student performance assessment, Test, Seminar work

Credit: written test (limit for success = 70%, one possible correction). Exam: oral part. Evaluation weights: credit 50%; oral exam 50%. Exam evaluation: A (95 - 100 %) B (90 - 94 %) C (80 - 89 %) D (75 - 80 %) E (60 - 74 %) F (0 - 59 %) The student's obligation to enroll in the course in the Moodle e-learning.
Recommended literature
  • ACCA (2016). Paper F7: Financial reporting. Complete text / ACCA. Wokingham: Kaplan Publishing UK..
  • DVOŘÁKOVÁ, D. (2017). Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 5. aktualizované a přepracované vydání. Brno: BizBooks.
  • KŘIVÁNKOVÁ, M. (2020). Mezinárodní standardy účetního výkaznictví: cvičné příklady. 18. doplněné a přepracované vydání. Praha: Institut certifikace účetních..
  • ŠRÁMKOVÁ, A. a KŘIVÁNKOVÁ, M. (2017). Mezinárodní standardy účetního výkaznictví: praktické aplikace. Sedmé aktualizované vydání. Praha: Institut certifikace účetních..
  • VAŠEK, L (2019). Účetnictví - výkaznictví, vybrané oblasti IFRS. Praha: ICU..


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (3) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer