Faculty of Economics

International Financial Reporting Standards

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Name of Lecturer(s)	Personal ID	Name
Course Unit Code	117-0043/04
Number of ECTS Credits Allocated	5 ECTS credits
Type of Course Unit *	Choice-compulsory
Level of Course Unit *	Second Cycle
Year of Study *	First 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
	S1E20	prof. Ing. Viola Šebestíková, CSc.
	PS150	Ing. Yvetta Pšenková, Ph.D.
	BAR55	Ing. Hana Bartková, Ph.D.
	BAR36	doc. Ing. Dagmar Bařinová, Ph.D.
	HAK30	Ing. Jana Hakalová, Ph.D.
	PAL36	Ing. Marcela Palochová, Ph.D.
	KRA601	doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M.
Summary
The aim of the course is to familiarise students with the principles of reporting according to the International Financial Reporting Standards in comparison with Czech accounting practice. The students will learn the issue of selected international standards (IAS/IFRS) including their practical application on examples. Part of the lectures and seminars will be a comparison of each standard with the current accounting legislation in the Czech Republic and the introduction of differences in relation to IAS/IFRS.
Learning Outcomes of the Course Unit
The course will introduce students to the principles of accounting and reporting under international financial reporting standards in comparison with the Czech accounting practices. The course includes the most important currently in force updated the IAS / IFRS, including examples of practical applications. The interpretation will be compared with any standard applicable accounting regulations in the Czech Republic and the differences with the introduction of IAS/ IFRS.
Course Contents
The course will introduce students to the principles of accounting and reporting under international financial reporting standards in comparison with the Czech accounting practices. The course includes the most important currently in force updated the IAS / IFRS, including examples of practical applications. The interpretation will be compared with any standard applicable accounting regulations in the Czech Republic and the differences with the introduction of IAS/ IFRS.
Recommended or Required Reading
Required Reading:
MACKENZIE, Bruce. Interpretation and Application of International Financial Reporting Standards. Hoboken: John Wiley & Sons, 2014. 1055 p. ISBN 978-1-118-73409-4. 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.
ELLIOTT, Barry and Jamie ELLIOTT. Financial Accounting and Reporting. 20th ed. Harlow: Pearson, 2022. 832 p. ISBN 978-1-292-39980-5. KRUPOVÁ, Lenka. Leasingy podle IFRS. Praha: 1. VOX, a.s. – Nakladatelství, 2017, 116 s. ISBN 978-80-87480-54-0. VAŠEK, Libor. Účetnictví – výkaznictví vybrané oblasti IFRS. Praha: Institut certifikace účetních, a.s., 2016. 200 s. ISBN 978-80-87985-09-0.
Recommended Reading:
ALFREDSON, K. Applying international financial reporting standards. Milton: John Wiley & Sons, 2009. ISBN 978-0-470-81967-8.
JANOUŠKOVÁ, Martina. Mezinárodní standardy účetního výkaznictví. Cvičné příklady. 14. vyd. Praha: INSTITUT CERTIFIKACE ÚČETNÍCH, a.s., 2015. 254 s. ISBN 978-80-87985-00-7. PROCHÁZKA, David. Ekonomické dopady implementace IFRS v Evropě. Praha: Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica, 2015. 154 s. ISBN 978-80-245-2097-1.
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
Credit and Examination	Credit and Examination		100 (100)	51
Credit	Credit		40	21
Examination	Examination		60	30