XAIA International Accounting

Moravian Business College Olomouc
summer 2021
Extent and Intensity
2/1/0. 4 credit(s). Recommended Type of Completion: zk (examination). Other types of completion: z (credit).
Teacher(s)
Ing. Michal Menšík, Ph.D. (lecturer)
Judit Sági, Ph.D. (lecturer)
doc. Ing. Michal Krajňák, Ph.D., LL.M., MBA (seminar tutor)
Guaranteed by
Ing. Michal Menšík, Ph.D.
Moravian Business College Olomouc
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
Course objectives
The aim of the course is to clarify the general development of the international and European concept of accounting and its legislation, including the relations to accounting in the Czech Republic. Through practical examples, the students will get familiar with applicable accounting procedures that are in accordance with international financial reporting standards and will also discuss the essential differences in comparison with the Czech accounting legislation.
Syllabus
  • 1. Objective need for international harmonization of accounting, international professional accounting institutions (IFAC, EAA, EMAA, ISACA, National accounting council, Court of Auditors)
    2. Structure of the IAS/IFRS conceptual framework
    3. IAS 1 - Presentation of Financial Statements
    4. IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors, IAS 10 - Events after the Reporting Period
    5. IAS 16 - Property, Plant and Equipment, IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations
    6. IAS 38 - Intangible Assets
    7. IAS 36 - Impairment of Assets
    8. IAS 2 - Inventories
    9. IAS 17 - Leases
    10. SIC-15 Operating Leases; SIC 27 - Evaluating the Substance of Transactions in the Legal Form of a Lease
    11. IFRS 1 - First-time Adoption of International Financial Reporting Standards; IAS 34 - Interim Financial Reporting
    12. IAS 27 - Consolidated and Separate Financial Statements
    Lectures and seminars are methodologically based on participatory methods such as a dialogue within the whole group and a simulated dialogue and situation or case methods. Complex methods such as project-based learning through a comprehensive solution of practical tasks and the method of simulation are also used. The lectures are primarily based on the information-receptive method.
Literature
    required literature
  • MLÁDEK, R. IFRS and US GAAP: Accounting Policies and Procedures. Praha: Leges, 2017. ISBN 978-80-7502-194-6. info
  • THOMAS, A. and A.M. WARD. Introduction to financial accounting. 8th ed. London: McGraw Hill Education, 2015. ISBN 978-0-07-716388-4. info
  • PASEKOVÁ, M. et al. Positioning of Czech Accountants towards IFRS Implementation. WSEAS Transactions on Business and Economics. 2014. info
    recommended literature
  • LEIWY, D. and R. PERKS. Accounting: Understanding and Practice. 4th ed. London: McGraw-Hill Education, 2013. ISBN 978-00-771-3913-5. info
  • CHRISTENSEN, Hans. IFRS Reporting and Changes in Enforcement. Journal of Accounting & Economics. 2013. info
  • INTERNATIONAL ACCOUNTING STANDARDS BOARD. International Financial Reporting Standards 2012. International Financial Reporting Standards 2012, 2012. ISBN 978-19-078-7745-2. info
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
The course is also listed under the following terms summer 2022.
  • Enrolment Statistics (summer 2021, recent)
  • Permalink: https://is.mvso.cz/course/mvso/summer2021/XAIA