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Accounting B

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

Course Unit Code117-0325/05
Number of ECTS Credits Allocated6 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *Second Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites
PrerequisitiesCourse Unit CodeCourse Unit Title
117-0324Accounting A
Name of Lecturer(s)Personal IDName
BAR36doc. Ing. Dagmar Bařinová, Ph.D.
HAK30Ing. Jana Hakalová, Ph.D.
KRA601doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M.
Summary
The aim of the comprehensive two-semester course is to emphasize the importance of accounting as a crucial instrument for displaying and understanding of property and capital operations reflecting the financial situation of the company. The course follows the course Accounting A, connects in the field of relations with financial institutions, equity and liabilities, deals with importance of annual accounts and its presentation through financial statements.
Learning Outcomes of the Course Unit
1. To emphasize the importance of equity and liabilities as an significant source of a business.
2. To clarify the mening of costs and revenues in relation to profit or loss.
3. To explain the differences of accounting and tax conception of costs and revenues.
4. To analyse the accounting operations related to annual statement of balances and financial statement.
5. To emphasize the importance and usage of financial statement of a company.
Course Contents
Framework syllabus of lectures:
1-2. Clearing relations (clearing of taxes and subsidies).
3-4. Equity (importance, categorisation, ownership relations, changes in capital funds and funds from the profit, use).
5. Provisions (importance, categorization, influence on the profit or loss).
6. Long term liabilities (companies in group, loans, corporate lease obligations, deferred tax liability).
7-9. Expenses, revenues (operating, financial – importance, characteristics, accruals, tax aspects).
10-11. Annual financial statements (closure operations, profit and loss account, tax base, income tax due, deferred tax, closing of accounting books, financial statements, notes, verification, disclosure, importance of cash flow)
12-13. Accounting harmonization (EU directives, international accounting standards, US accounting standards, focus on confrontation in the concept of financial statements according to the Czech and international standards).
Recommended or Required Reading
Required Reading:
ACCOUNTING LEGISLATION IN 2012. Accounting Act, Decree on Double-Entry Accounting, Czech Accounting Standards, Act on Auditors. Trade Links, 2012. 459 p.
SIMON, J., NOBES, Ch. (2010). The Economics of Taxation, Principles, Policy and Practise. London: Fiscal Publications.
KOLEKTIV AUTORŮ. Účetnictví podnikatelů 2023. 20. vyd. Praha: Wolters Kluwer ČR, 2023. 525 s. ISBN 978-80-7676-641-9.
RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka. 23. vyd. Olomouc: ANAG, 2023. 1 199 s. ISBN 978-80-7554-379-0.
SCOTT, Peter. Introduction to Accounting. 16 th ed. Oxford: Oxford University Press, 2021. 675 s. ISBN 978-0-19-884996-4.
Recommended Reading:
ACCOUNTING LEGISLATION IN 2011(2012). Accounting Act, Decree on Double-Entry Accounting, Czech Accounting Standards, Act on Auditors. Trade Links, 2011. 446 s.
HAKALOVÁ, Jana a Yvetta PŠENKOVÁ. Daňová evidence. Teorie a praxe. 2. vyd. Praha: Wolters Kluwer, 2019. 128 s. ISBN 978-80-7598-239-1.
JINDRÁK, Jaroslav. Sbírka souvztažností 2022. Olomouc: ANAG, 2022. 304 s. ISBN 978-80-907468-3-1.
VYBÍHAL, Václav. Mzdové účetnictví 2023: praktický průvodce. 26. vyd. Praha: Grada Publishing, 2023. 493 s. ISBN 978-80-271-3982-8.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit40 (40)21
                PísemkaWritten test40 21
        ExaminationExamination60 30