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Financial reporting

Type of study Bachelor
Language of instruction English
Code 154-0580/01
Abbreviation FR
Course title Financial reporting
Credits 6
Coordinating department Department of Finance
Course coordinator doc. Ing. Miroslav Čulík, Ph.D.

Subject syllabus

1. Financial reporting - introduction, role of financial reporting, reporting standards
2. Balance sheet - objective, structure, historical vs. fair prices
3. Long-term assets - objective, classification, depreciation policy, relationship to liquidity
4. Current assets - objective, classification, relationship to liquidity
5. Equity and liabilities (debt) - classification, basic structure of the equity and liabilities
6. Equity components - description of equity components, possibility of equity funds rising
7. Short- and long-term liabilities(debts) - description, advantage and disadvantage of particular sources
8. Income statement - objective, revenues vs. costs and expenses, structure of company´s revenues and costs and expenses
9. Income statement - income taxation, earnings distribution/loss coverage
10. Cash flow statement - objective, relationship revenues(sales)/inflows, costs and expenses/outlows, basic structure
11. Cash flow statement - format of cash flow reporting (direct/indirect)

Literature

FRIDSON, Martin and Fernando, ALVAREZ. Financial Statement Analysis: A Practitioner's Guide. 5th Ed. New York: Wiley, 2022. ISBN: 978-1119457145.
ITTELSON, Thomas. Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports. 1st Ed. London: Career Press, 2022. ISBN: 978-1632652072 .
WAHLEN, James, Stephen, BAGINSKI and Mark, BRADSHAW. Financial Reporting, Financial Statement Analysis and Valuation. 10th Ed. London: Cengage Learning, 2022. ISBN: ‎ 978-0357722091.

Advised literature

BRAGG, Steven. The Interpretation of Financial Statements. 3rd Ed. London: ‎ Accounting Tools, 2021. ISBN: 978-1642210637 .
EASTON, Peter. Financial Statement Analysis and Valuation. London: Cambridge Business Publishers, 2020. ISBN: 978-1618533609 .
REVSINE, Lawrence et al. Financial Reporting and Analysis. 7th Ed. New York: McGraw Hill, 2017. ISBN: 978-1259722653 .