Course: Principles of Accounting

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Course title Principles of Accounting
Course code KUF/OZUC
Organizational form of instruction Lecture + Lesson
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 5
Language of instruction English
Status of course Compulsory
Form of instruction unspecified
Work placements unspecified
Recommended optional programme components None
Lecturer(s)
  • Vejsadová Dryjová Marie, Ing. Ph.D.
  • Kouřilová Jindřiška, doc. Ing. CSc.
  • Svoboda Jaroslav, Ing. Ph.D.
  • Vlčková Miroslava, Ing. Ph.D., MBA.
Course content
Lectures: 1. Essence and function of accounting, general principles, financial systems, accounting rules. Tax accounting. 2. The property of a company and its resources. 3. Balance sheet, assets and liabilities. 4. Bill, chart of accounts, accounting records, duality and correspondence. 5. Tools of bookkeeping, accounting documents, accounting books, inventory of assets and liabilities. 6. Accounting for cash - cash, bank accounts, bank loans, valuables, cash in transit. 7. Fixed assets - definition, segmentation, valuation, acquisition, depreciation, decommissioning. 8. Stocks - definition, classification, valuation, acquisition, billing methods. 9. Debtors and creditors. Tax and accounting system, direct and indirect taxes. 10. Employees and social institutions, health and social insurance, income tax of employees. 11. Costs and revenues - structure, principles of accounting. 12. Closing of the book and final accounts - preparatory operations, monitoring and closing the books, preparing financial statements. 13. Profit and loss statement - the structure and segmentation, income tax of a company. Seminars: Topics of exercises correspond with the thematic topics and they are focused on practical exercises and mastery of each lecture circuit.

Learning activities and teaching methods
Monologic (reading, lecture, briefing)
  • Class attendance - 52 hours per semester
  • Semestral paper - 11 hours per semester
  • Preparation for credit - 36 hours per semester
  • Preparation for classes - 26 hours per semester
Learning outcomes
The aim of the course is to acquaint students with basic accounting methods and procedures. Emphasis is placed on the correct identification of assets and liabilities, costs and benefits, understanding the principle of duality and correlations, understanding the nature of accounting, identify the impact of accounting operations in real situations and prepare closing the books, including other related processes.
Students understand the basic principles of accounting and accounting methods in the Czech legislation and they are able to charge a basic accounting operations.
Prerequisites
unspecified

Assessment methods and criteria
Written examination, Essay, Test

Credit Requirements: - active participation in seminars (min. 80% turnout) - preparation of essay - the successful completion of three semester tests (min. 70% success rate of each test, the possibility of a correction test) Examination Requirements: - demonstration theoretical and practical knowledge Assessment weight: seminar paper 10%, 1st credit test 20%, 2nd credit test 20%, 3rd credit test 20%, exam test 30%.
Recommended literature
  • ACCA. ACCA F3 Complete Text. Financial Accounting. Great Britain: Kaplan Publishing, 2015.
  • Valouch, P. Accounting. MZLU Brno, 2005. ISBN 80-7157-916-5.
  • Warren, C. S., Reeve, J. M., Duchac, J. E. Financial Accounting. USA, Mason: South-Western Cengage Learning, 2012.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Fisheries and Protection of Waters Study plan (Version): Fishery and Protection of Waters (2020) Category: Agriculture and forestry 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Fisheries and Protection of Waters Study plan (Version): Fishery and Protection of Waters (2020) Category: Agriculture and forestry 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Fisheries and Protection of Waters Study plan (Version): Fishery and Protection of Waters (2021) Category: Agriculture and forestry 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): - (1) Category: Economy 1 Recommended year of study:1, Recommended semester: Winter
Faculty: Faculty of Fisheries and Protection of Waters Study plan (Version): Fishery and Protection of Waters (2021) Category: Agriculture and forestry 2 Recommended year of study:2, Recommended semester: Winter