Course: Financial Statements

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Course title Financial Statements
Course code KUF/UZA
Organizational form of instruction Lecture + Lesson
Level of course Bachelor
Year of study 2
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.
  • Hlaváčková Hana, Ing.
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.

Learning activities and teaching methods
Monologic (reading, lecture, briefing)
  • Preparation for classes - 28 hours per semester
  • Preparation for credit - 28 hours per semester
  • Preparation for exam - 28 hours per semester
  • Semestral paper - 28 hours per semester
  • Class attendance - 56 hours per semester
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
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KUF/FUC
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KUF/FUCN
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KUF/FUC1
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KUF/KFUCN
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KUF/OFUCN
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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
  • České účetní standardy.
  • DVOŘÁKOVÁ, D. (2017). Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 5. aktualizované a přepracované vydání. Brno: BizBooks.
  • LÍBAL, T. (2018). Cvičné příklady pro studium předmětu Účetnictví - principy a techniky. 17.vyd. Praha: ICU.
  • RYNEŠ, P. (2023). Podvojné účetnictví a účetní závěrka: průvodce podvojným účetnictvím k 1.1.2023. 23. aktualiz. vyd. Olomouc: ANAG. .
  • SLÁDKOVÁ, E. a kol. (2018). Účetnictví - výkaznictví podle českých účetních předpisů. Praha: ICU.
  • SLÁDKOVÁ, E. (2010). Cvičné příklady pro studium předmětu Finanční účetnictví a výkaznictví. Praha: ICÚ.
  • VAŠEK, L. a kol. (2012). Finanční účetnictví a výkaznictví. Praha: ICÚ.
  • Vyhláška MF 500/2002 Sb., ve znění pozdějších předpisů.
  • Zákon č. 563/1991 Sb. o účetnictví, ve znění pozdějších předpisů.


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 (4) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer