Course: Principles of Accounting

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Course title Principles of Accounting
Course code KUF/ZU
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 Czech
Status of course Compulsory, Compulsory-optional
Form of instruction unspecified
Work placements unspecified
Recommended optional programme components None
  • Vlčková Miroslava, Ing. Ph.D., MBA.
  • Kouřilová Jindřiška, doc. Ing. CSc.
  • Vejsadová Dryjová Marie, Ing. Ph.D.
  • Svoboda Jaroslav, Ing. Ph.D.
  • Hlaváčková Hana, Ing.
  • Hradecká Marcela, Ing. Ph.D.
  • Nývltová Kristýna, Ing. Ph.D.
Course content
Lectures for economics study: 1. Introduction to accounting. The assets of a company and its resources. 2. Essence, meaning and function of accounting, general principles, accounting legislation. 3. Balance sheet, assets and liabilities. 4. Evidence tools of bookkeeping, accounting documents, account books, inventory of assets and liabilities. 5. Cash charging - cash, bank accounts, bank loans, valuables, money on the way. 6. Debtors and creditors. Tax system and accounting, direct and indirect taxes. 7. Fixed assets - definition, classification, valuation and acquisition of fixed assets. 8. Fixed assets - depreciation - accounting and tax depreciation, disposal of fixed assets. 9. Stocks - definition, classification, valuation, acquisition, charging methods. 10. Employees, wages, health and social insurance, income tax of employees. 11. Costs and revenues - structure, principles of accounting. 12. Closing of books and finalcial statements - preparatory operations, monitoring and closing the books, preparing financial statements. 13. Profit and loss - the structure and classification, income tax of legal entities. 14. Tax evidence. Exercising: Thematic areas of exercices correspond with lectures and they are focused on practical skills of each topic.

Learning activities and teaching methods
Monologic (reading, lecture, briefing)
  • Class attendance - 42 hours per semester
  • Preparation for credit - 30 hours per semester
  • Preparation for exam - 25 hours per semester
  • Preparation for classes - 43 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 financial accounts, including other related processes.
Students understand the basic principles of accounting and accounting methods in the Czech legislation and are able to charge a basic accounting operations.

Assessment methods and criteria
Oral examination, Written examination, Test

Credit Requirements: - active participation in seminars (min. 80% turnout) - the successful completion of 2 semester tests during semester (min. 60% success rate of each test, the possibility of a correction test) Examination Requirements: - demonstration theoretical and practical knowledge by written and oral exam Evaluation weights: 1st credit test 20%, 2nd credit test 30%, exam 50% (of which 25% written test and 25% oral exam).
Recommended literature
  • České účetní standardy pro podnikatele.
  • Vyhláška č. 500/2002 Sb., kterou se provádějí některá ustanovení zákona č. 563/1991 Sb., o účetnictví, ve znění..
  • Zákon č. 563/1991 Sb., o účetnictví.
  • Jindrák, J. Sbírka souvztažností k účtům směrné účtové osnovy. Olomouc: ANAG, 2021. ISBN 978-80-904256-8-2.
  • Rybová, J., Kouřilová, J. Základy účetnictví s daňovou problematikou pro zemědělské a podobné obory. Jihočeská univerzita v Č. Budějovicích, Ekonomická fakulta, 2017. ISBN 978-80-7394-634-0.
  • The Association of Chartered Certified Accountants. Paper F3 - FIA Diploma in accounting and business. Financial accounting. Complete text.. Wokingham: Kaplan Publishing UK, 2016.
  • Vlčková, M., Svoboda, J. Základy účetnictví. Cvičení. Jihočeská univerzita v Č. Budějovicích, Ekonomická fakulta, 2017.
  • Vlčková, M. Základní principy a postupy v účetnictví. Praha: Wolters Kluwer, 2020. ISBN 978-80-7598-928-4.

Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester