| Course title | Financial Statements |
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| Course code | KUF/CUZA |
| Organizational form of instruction | Lecture |
| Level of course | Bachelor |
| Year of study | not specified |
| Semester | Summer |
| Number of ECTS credits | 6 |
| Language of instruction | Czech |
| Status of course | unspecified |
| 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 |
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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, tax due and tax deferred. 3. Purposes and characteristics of financial statements. 4. Financial statements: balance sheet, income statement, supplement to statements, statement of change in shareholders' capital - content and formal requirements 5. Statement of cash flow - content and formal requirements, methodology of calculation. 6. Consolidation of financial statements - basic conception and determination of consolidated complex. 7. Consolidation of financial statements - methodology of consolidation. 8. Auditing of financial statements - basic conception and procedure. 9. Worldwide regulation and harmonisation of financial statements: approach to accounting, forms and structure of statements (EU, IFRS/IAS, US GAPP). International accounting and reporting - presentation of financial statements. International accounting and reporting - Balance Sheet (Statement of Financial Position), Statement of comprehensive income (Income Statement), Notes to Financial Statements, 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 |
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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 |
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Finanční účetnictví (FUCN, FUC, FUC1)
KUF/CFUC ----- or ----- KUF/FUCN ----- or ----- KUF/FUC1 ----- or ----- KUF/KFUCN ----- or ----- KUF/OFUCN ----- or ----- KUF/QFUC1 |
| Assessment methods and criteria |
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Combined exam
Credit Requirements: - Active course attendance - Successful completion of test - 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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