Accounting

• 26 hrs lectures
• 26 hrs exercises

The objective of the subject is to explain to students in the principles of accounting and in the primary interconnections in financial statements that are the key to an understanding of any accounting system.

Students will understand the basic principles of accounting and interconnection in accounting operations and in financial statements. Students will gain the skills of identification of accounting operations and their influence on the items of financial statements, and skills of preparation of financial statements. These are then used as a basis for user decision-making.

Basic general knowledge of business economics.

Study materials for the lectures are gradually published in the section Teaching texts, materials for exercises in the Current affairs of the subject.

1. Nature and meaning of accounting, conceptual framework, assets and liabilities, balance sheet
2. Costs and revenues, profit and loss, profit and loss account
3. Accounting principles, accounts, ledgers and the accounting work cycle during the accounting period
4. Valuation of assets and liabilities
5. Recording in the financial accounts
6. Recording of receivables and liabilities (clearing relationships)
7. Stock records
8. Fixed asset records
9. Records of the financing of the entity
10. Overview of costs and revenues, closing work
11. Structure of the financial statement
12. Reporting of information outside the financial statements (management report, sustainability report, income tax report)
13. Accounting regulation, national and international accounting systems

1. Organizational matters, links between financial statements
2. Assets and liabilities, balance principle and balance sheet
3. Costs and revenues, economic results, profit and loss statement
4. Accounting documents, accounting principles, account, accounting books
5. General accounting practices
6. Recording of financial accounts
7. Recording of receivables and liabilities
8. Stock records
9. Fixed asset records
10. Records of the financing of the entity
11. Construction of financial statements
12. Final written work
13. Discussion of results, consultation of problem areas

Conditions for awarding the course-unit credit:

1. Successful completion of the credit test - obtaining at least 50% of the points.
2. Active participation in the exercise. Students' participation in the exercises is recorded and a maximum of 3 absences are excused.

Examination: Written test with closed questions.
The credit will have a 40 % weighting in the overall course mark while the examination will account for 60 %.

The same conditions apply to the individual study plan, with the exception of the minimum required participation in seminars.

Consultation hours via MS Teams and in person.