| Course Unit Code | 117-0346/03 |
|---|
| Number of ECTS Credits Allocated | 5 ECTS credits |
|---|
| Type of Course Unit * | Compulsory |
|---|
| Level of Course Unit * | First Cycle |
|---|
| Year of Study * | Third Year |
|---|
| Semester when the Course Unit is delivered | Summer Semester |
|---|
| Mode of Delivery | Face-to-face |
|---|
| Language of Instruction | Czech |
|---|
| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
|---|
| Name of Lecturer(s) | Personal ID | Name |
|---|
| BAR36 | doc. Ing. Dagmar Bařinová, Ph.D. |
| KRA601 | doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M. |
| Summary |
|---|
| The aim of the course is to explain the interconnection between accounting focused on joint stock companies and limited liability companies with commercial law and the application of tax law. The related accounting transactions are mainly focused on the creation and changes of equity, operations with securities, interests and on determination and distribution of the profit or loss. Accounting operations and tax impacts are dealt with both from the perspective of a business corporation (with possible confrontation with partnership), as well as from the perspective of shareholders, resp. business corporation owners. |
| Learning Outcomes of the Course Unit |
|---|
1. To emphasize the connection of accounting, business and tax legislation in
establishing the business company and at capital operations.
2. To define the accounting connection of establishing and changes in equity.
3. To explain the importance and impact of operations with securities and shares
in business entities.
4. To emphasize the importance of determination and consideration of financial
result from entity and associate position.
|
| Course Contents |
|---|
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. |
| Recommended or Required Reading |
|---|
| Required Reading: |
|---|
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. |
KOLEKTIV AUTORŮ. Účetnictví podnikatelů 2023. 20. vyd. Praha: Wolters Kluwer, 2023. 525 s. ISBN 978-80-7676-641-9.
MILLER-NOBLES, Tracie L. Horngren's Financial & Managerial Accounting. Harlow: Pearson, 2022. 964 s. ISBN 978-1-292-41232-0.
PILAŘOVÁ, Ivana. Účetní a daňové případy řešené v s.r.o. 184 s. 8. vyd. Praha: Wolters Kluwer, 2023. 220 s. ISBN 978-80-7676-485-9. |
| Recommended Reading: |
|---|
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. |
KOLEKTIV AUTORŮ. Nová společnost s ručením omezeným. 5. vyd. Praha: Grada, 2024. 304 s. ISBN 978-80-2710-400-0.
KOLEKTIV AUTORŮ. Základy obchodního práva. 3. vyd. Praha: Leges, 2024. 496 s. ISBN 978-80-7502-692-7.
KOLEKTIV AUTORŮ. Zrušení a zánik obchodní korporace s likvidací. 2. vyd. Praha: Wolters KLuwer, 2023. 324 s. ISBN 978-80-7676-572-6. |
| Planned learning activities and teaching methods |
|---|
| Lectures, Tutorials |
| Assesment methods and criteria |
|---|
| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
|---|
| Exercises evaluation and Examination | Credit and Examination | 100 (100) | 51 |
| Exercises evaluation | Credit | 40 (40) | 21 |
| xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx | Written test | 40 | 21 |
| Examination | Examination | 60 | 30 |