| Course Unit Code | 117-0567/03 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Choice-compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | English |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| RAN03 | Ing. Kateřina Krzikallová, Ph.D. |
| Summary |
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| The aim of the course is to explain the fundamentals of accounting and taxation of business entities according to the applicable legal regulations of the Czech Republic and European Union in English. Student should acquire knowledge in English from professional accounting and tax issues and should be able to use and apply the given professional terminology in the English language. |
| Learning Outcomes of the Course Unit |
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1. Emphasize the importance of accounting as the enterprise financial management tool.
2. Feature the importance of accounting procedures in individual areas of accounting.
3. Explain the differences of accounting and tax conception of costs and revenues.
4. Clarify the connection and the impact of accounting operation to disclosed financial statements.
5. Explain the basic principles of taxation in the conditions of the Czech Republic.
6. Introduce tools for tax harmonization and cooperation within the European Union. |
| Course Contents |
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1. Introduction to accounting (importance, function, legal framework, the accounting rules and principles, methodological and control elements of accounting, accounting documents, accounting books, accounting methods, chart of accounts).
2. Long-term intangible and tangible assets (characteristics, valuation, depreciation, accounting procedures including tax perspective).
3. Long-term financial assets (characteristics, valuation and accounting procedures).
4. Inventories (characteristics, valuation and accounting procedures).
5. Short-term financial assets and cash (characteristics, valuation and accounting procedures).
6. Clearing relations, capital accounts and long term liabilities (characteristics and accounting procedures of specific issues).
7. Expenses and revenues including tax aspects, determination of profit before tax and after tax, determination of tax base, its adjustment according to the Income Tax Act and accounting of income tax due.
8. Closing and off-balance sheet accounts and the procedure for the financial statements at the end of the accounting period. Financial statements and annual report. Audit.
9. Introduction to taxation, principles, examples.
10. Tax system and legislation of the Czech Republic.
11. Tax harmonization and cooperation within the European Union.
12. Direct taxes: Corporate Income Tax and Personal Income tax (taxpayers, construction of tax base, exemptions and calculation of tax liability)
13. Indirect taxes: Value Added Tax, Excise Duties and Energy Taxes (taxpayers, subject to tax, rates, tax exemptions, calculation of tax liability).
14. Principles of international taxation. |
| Recommended or Required Reading |
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| Required Reading: |
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HAKALOVÁ, Jana, KRAJŇÁK, Michal, KRYŠKOVÁ, Šárka, LOSOVÁ, Miroslava, PALOCHOVÁ, Marcela a Yvetta PŠENKOVÁ. Účetnictví, audit, daně a pojistné v České republice v pojmech: česko-anglicky. Brno: Tribun EU, s.r.o., 2021. 100 s. ISBN 978-80-263-1627-5.
ŠIROKÝ, Jan, KRZIKALLOVÁ, Kateřina and Michal KRAJŇÁK. Trend, Development, Role and Importance of Personal Income Tax in the EU. Brno: CERM, 2020. 116 s. ISBN 978-80-7623-037-8.
ŠIROKÝ, Jan, KRAJŇÁK Michal a Kateřina KRZIKALLOVÁ. Trend, Development, Role and Importance of Social Security Contributions in the EU. Brno: Akademické nakladatelství CERM, 2019. ISBN 978-80-7623-006-4. |
HAKALOVÁ, Jana, KRAJŇÁK, Michal, KRYŠKOVÁ, Šárka, LOSOVÁ, Miroslava, PALOCHOVÁ, Marcela a Yvetta PŠENKOVÁ. Účetnictví, audit, daně a pojistné v České republice v pojmech: česko-anglicky. Brno: Tribun EU, s.r.o., 2021. 100 s. ISBN 978-80-263-1627-5.
ŠIROKÝ, Jan, KRZIKALLOVÁ, Kateřina and Michal KRAJŇÁK. Trend, Development, Role and Importance of Personal Income Tax in the EU. Brno: CERM, 2020. 116 s. ISBN 978-80-7623-037-8.
ŠIROKÝ, Jan, KRAJŇÁK Michal a Kateřina KRZIKALLOVÁ. Trend, Development, Role and Importance of Social Security Contributions in the EU. Brno: Akademické nakladatelství CERM, 2019. ISBN 978-80-7623-006-4. |
| Recommended Reading: |
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AGIANNI, Vasiliki et al. European Tax Handbook 2023. 34th ed. Amsterdam: IBFD, 2023. 1436 p. ISBN 978-90-8722-821-7.
HASHIMZADE, Nigar and Yuliya EPIFANTSEVA, ed. The Routledge Companion to Tax Avoidance Research. London: Routledge, Taylor & Francis Group, 2018. 476 s. ISBN 978-1-138-94134-2.
KRZIKALLOVÁ, Kateřina, KRAJŇÁK, Michal, ČTRNÁCTOVÁ, Gabriela, KEMPOVÁ, Monika, PECHÁČKOVÁ, Anežka, UNUCKA, Roman. Trend, Development, Role and Importance of Excise Duties in the EU. Brno: Akademické nakladatelství CERM, 2023. 130 s. ISBN 978-80-7623-117-7. |
AGIANNI, Vasiliki et al. European Tax Handbook 2023. 34th ed. Amsterdam: IBFD, 2023. 1436 p. ISBN 978-90-8722-821-7.
HASHIMZADE, Nigar and Yuliya EPIFANTSEVA, ed. The Routledge Companion to Tax Avoidance Research. London: Routledge, Taylor & Francis Group, 2018. 476 s. ISBN 978-1-138-94134-2.
KRZIKALLOVÁ, Kateřina, KRAJŇÁK, Michal, ČTRNÁCTOVÁ, Gabriela, KEMPOVÁ, Monika, PECHÁČKOVÁ, Anežka, UNUCKA, Roman. Trend, Development, Role and Importance of Excise Duties in the EU. Brno: Akademické nakladatelství CERM, 2023. 130 s. ISBN 978-80-7623-117-7. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials |
| Assesment methods and criteria |
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| Tasks are not Defined |