XAFA2 Financial Accounting 2

Moravian Business College Olomouc
summer 2024

The course is not taught in summer 2024

Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Michal Krajňák, Ph.D., LL.M., MBA (lecturer)
Ing. Miloslava Halusková (seminar tutor)
doc. Ing. Michal Krajňák, Ph.D., LL.M., MBA (seminar tutor)
Guaranteed by
doc. Ing. Eva Sikorová, CSc.
Moravian Business College Olomouc
Supplier department: Moravian Business College Olomouc
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The objective of the course is to extend and broaden students’ knowledge of accounting gained from the course Financial Accounting 1 by means of specific cases and methodological procedures of accounting in entrepreneurship. The emphasis is placed on the link between bookkeeping and accounting. Lectures are based on fundamental methodological elements of accounting as well as on importance of accounting harmonisation. Attention is also paid to importance of financial statements and its presentation using individual financial reports. The student gains user knowledge of financial accounting in the context of world development and is able to function as a qualified user of accounting knowledge. The student is also able to apply basic accounting tools, methods and techniques, explain the nature of accounting representation, clarify and interpret accounting with regard to the impact of accounting operations on financial statements and their usefulness in decision-making. The student is able to describe the structure of financial statements of business entities.
Syllabus
  • 1. Models of stock valuation and its accounting.
  • 2. Fixed assets and their accounting representation in business entities I.
  • 3. Fixed assets and their accounting representation in business entities II.
  • 4. Financial assets.
  • 5. The importance of trade receivables and payables.
  • 6. Accounting representation of personnel costs.
  • 7. Accrued income and expense accounts.
  • 8. The importance of accounting for provisions and reserves.
  • 9. Internal and external financial sources.
  • 10. Financial statements and accounting closing, net income, profit or loss, division, payment.
  • 11. Consolidation and consolidated financial statements II, accounting harmonisation.
  • 12. Financial statements, audit.
Literature
    required literature
  • DAUDERIS, H. and D. ANNAND. Introduction to Financial Accounting. Athabasca University, 2019, 823 pp. URL info
    recommended literature
  • JONES, M. Accounting. 2nd ed. John Wiley and sons, 2014, 522 pp. ISBN 978-1-119-97715-5. info
  • HERMASON, R. H. et al. Financial Accounting: A Business Perspective. 8th ed. Authors Academic, 2010, 716 pp. ISBN 978-0-9703333-5-3. info
  • HOYLE, J. B. and C. J. SKENDER. Financial Accounting. Flat World, 2009, 458 pp. ISBN 978-1-936126-08-8. URL info
Assessment methods
Course credit: active participation in seminars. Individual assignments, course assignment, credit test. Examination: oral examination.
Language of instruction
English
Further Comments
The course is taught annually.
The course is taught: every week.
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