Course title | Financial Statements |
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Course code | KUF/UZA |
Organizational form of instruction | Lecture + Lesson |
Level of course | Bachelor |
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) |
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Course content |
Topics: 1. Introduction to course, methodology notes. Closing of book, financial statements - generally preconditions (basic conception, legal regulation). 2. Closing of book - preparatory works, inventory, operations with closing books. 3. Closing of book - tax due and tax deferred. 4. Purposes and characteristics of financial statements. 5. Financial statements: balance sheet, income statement, supplement to statements - content and formal requirements. 6. Financial statements: statement of cash flow - content and formal requirements. 7. Financial statements: statement of cash flow - methodology of calculation; statement of change in shareholders' capital - content and formal requirements. 8. Consolidation of financial statements - basic conception and determination of consolidated complex. 9. Consolidation of financial statements - methodology of consolidation. 10. Auditing of financial statements - basic conception and procedure. 11. Worldwide regulation and harmonisation of financial statements: approach to accounting, forms and structure of statements (EU, IFRS/IAS, US GAPP). 12. International accounting and reporting - presentation of financial statements. 13. International accounting and reporting - Balance Sheet (Statement of Financial Position), Statement of comprehensive income (Income Statement), Notes to Financial Statements. 14. International accounting and reporting - Cash Flow Statements, Statement of Changes in Equity.
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Learning activities and teaching methods |
Monologic (reading, lecture, briefing)
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Learning outcomes |
The aim of the course is the analysis of financial statements in the Czech accounting regulation and world-wide context (esp. IFRS/IAS). After primary characteristics of the accounting system in its entirety, specifications of items containable it this system, preceding activities necessary for a compilation of financial statements are further determinated. The composition of financial statements is compound: balance sheet; income statement; supplement to statements; statement of cash flow; statement of change in shareholders' capital. Relevant topics are linked to auditing and consolidation of financial statements.
Students understand the principles and methodology of a compilation of financial statements of an enterprise within the Czech legislation and the context of IFRS/IAS. |
Prerequisites |
Finanční účetnictví (FUCN, FUC, FUC1)
KUF/CFUC ----- or ----- KUF/FUC ----- or ----- KUF/FUCN ----- or ----- KUF/FUC1 ----- or ----- KUF/KFUCN ----- or ----- KUF/OFUCN ----- or ----- KUF/QFUC1 |
Assessment methods and criteria |
Combined exam
Credit Requirements: - Active course attendance, 80% at least. - Successful completion of 2 tests - 70%, one possible correction test - An essay Examination Requirements: - Passing a written test; 60% at least - Passing an oral exam Students are required to enroll in a course in e-learning MOODLE. |
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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Faculty: Faculty of Economics | Study plan (Version): Accounting and Financial Management (4) | Category: Economy | 2 | Recommended year of study:2, Recommended semester: Summer |