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Accounting of Capital Companies

Type of study Bachelor
Language of instruction Czech
Code 117-0346/03
Abbreviation ÚKS
Course title Accounting of Capital Companies
Credits 5
Coordinating department Department of Accounting and Taxes
Course coordinator doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M.

Subject syllabus

Framework syllabus of lectures:
1. Characteristics of capital companies, their forms, mutual differences and specifics in comparison with partnership.
2. Establishment of capital companies by monetary and non-monetary contributions (movable, immovable property, receivables).
3. Possibilities of register capital increasing of capital companies (new subscription, from own sources, conditional increase).
4. Possibilities of registered capital reducing of capital companies (settlement of own shares, transfer to funds, to cover losses, with payment to shareholders).
5. Securities transactions held by a capital company (types, categorization, acquisition methods, valuation at acquisition and at the balance sheet date, sales, specifics of accounting and taxation).
6. Determining, taxing, reporting and distributing profit or loss in capital companies (including deferred tax, advance payments on profit shares).
7. Specific accounting operations of Ltd. (settlement share x release share, extra opt out of registered capital).
8. Financial statements and annual report, related parties report, audit of financial statements, disclosure of financial statements.

Literature

ACCOUNTING LEGISLATION IN 2011(2012). Accounting Act, Decree on Double-Entry Accounting, Czech Accounting Standards, Act on Auditors. Prague: Trade Links, 2011. 446 p.
International Accounting Standards 2003. International Accounting Standards Board. London, 2002.
International Financial Reporting Standards 2010. International Accounting Standards Board. London, 2009.
WEYGANDT, Jerry, KIMMEL, Paul and Donald KIESO. Financial Accounting: IFRS Edition. John Wiley&Sons. 2010. 848 p. ISBN 13978-0470-55200-1.

Advised literature

GRAY, Iain and Stuart MANSON. The Audit Process: principles, practice and cases. London: Van Nostrand Rheinhold,1989. 547 p. ISBN 0-278-00044-4 .
PUTTICK, George and Sandy van ESCH. The Principles and Practice of Auditing. Juta and Company Ltd, 2008. 528 p. ISBN 978-0-7021-7268-7 .