XFU1 Financial Accounting 1

Moravian Business College Olomouc
winter 2023
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Marcela Palochová, Ph.D. (lecturer)
doc. Ing. Michal Krajňák, Ph.D., LL.M., MBA (seminar tutor)
Ing. Marcela Palochová, Ph.D. (seminar tutor)
Ing. Jana Shrbená (alternate examiner)
Guaranteed by
doc. Ing. Michal Krajňák, Ph.D., LL.M., MBA
Moravian Business College Olomouc
Supplier department: Moravian Business College Olomouc
Timetable
Mon 15:15–16:45 B2.231
  • Timetable of Seminar Groups:
XFU1/01: Mon 8:00–9:30 B2.333, M. Palochová
XFU1/02: Thu 9:30–11:00 B2.333, M. Krajňák
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Student will understand accounting information in the basic form of accounting report (Balance sheet, Profit and Loss statements, Cash Flow statement, Equity statement, Notes), understands the principles and assumptions which are behind these information and understands the advantages and disadvantages of these information. Student is therefor able to solve basic decision making situations related to performance. Student is aware of connections and relations between Balance Sheet, Profit and Loss Statement and Cash Flow Statement. Student understands information needs of accounting information users. Student is confronted with basic decision making situations of accounting information users, Generally Accepted Accounting Principles. Student is introduced into the basic accounting terms, methods and methodological solutions.
Syllabus
  • Syllabus of lectures:
    1. Users and their decision making situations, historical context of accounting
    2. Basic content of balance sheet, balance sheet approach
    3. Basic content of Profit and Loss Statement, connection to Balance Sheet
    4. Accounting models of entrepreneurship (trade, services, production)
    5. Cash Flow
    6. Basic methodology of accounting (double entry, relevance, evaluation, ? )
    7. Closing the accounting
    8. Reporting
    9. Equity statement
    10. Consolidation
    11. Generally accepted accounting principles (GAAP)
    Seminars:
    Seminars are following lectures where students based upon the examples and case studies acquire understanding and gain the experience with the lectured topic.
Literature
    required literature
  • MENŠÍK MICHAL. Finanční účetnictví 1. Olomouc: Moravská vysoká škola Olomouc, 2018. info
  • KOVANICOVÁ, D. Abeceda účetních znalostí pro každého. Praha: Bova Polygon, 2012. ISBN 978-80-7273-169-5. info
  • HERZÁNOVÁ, R., KRAJŇÁK, M. Finanční účetnictví 1. Olomouc: MVŠO, 2012. ISBN 978-80-7455-033-1. info
  • ROUBÍČKOVÁ, J. Sbírka příkladů z účetnictví 1. Praha: Oeconomica, 2012. ISBN 978-80-245-1890-9. info
  • MLÁDEK, R. Postupy účtování podle IFRS. Praha: Leges, 2009. ISBN 978-80-87212-13-4. info
    recommended literature
  • CHALUPA, R. Abeceda účetnictví pro podnikatele. Olomouc: Anag, 2014. ISBN 978-80-7263-862-8. info
  • MICKEITH, J., COLLINS, B. Financial Accounting and Reporting. London: Mc-Graw-Hill, 2013. ISBN 978-0077 13836. info
  • SEDLÁČEK, J. Účetnictví pro manažery. Praha: Grada Publishing, 2005. ISBN 80-247-1195-8. info
  • SEDLÁČEK, J. a kol. Základy finančního účetnictví. Praha: Ekopress, 2005. ISBN 80-86119-95-5. info
  • KOVANICOVÁ, D. Jak porozumět světovým, evropským, českým účetním výkazům. Praha: Bova Polygon, 2004. ISBN 80-7273-095-9. info
Assessment methods (in Czech)
Zápočet: aktivní účast na cvičení, průběžné testy, zápočtový test.
Zkouška: písemná zkouška, ústní zkouška.
Language of instruction
Czech
Further Comments
Study Materials
The course can also be completed outside the examination period.
The course is taught annually.
Teacher's information
https://teams.microsoft.com/l/team/19%3ab6983fe9e2fd4e93bb4b9efacc8ff029%40thread.tacv2/conversations?groupId=ccefc150-2d60-4ca0-a09b-204544469ba9&tenantId=ed27fc21-8d98-4df9-af69-7fce8cea652b
The course is also listed under the following terms winter 2020, winter 2021, Winter 2022, winter 2024.
  • Enrolment Statistics (winter 2023, recent)
  • Permalink: https://is.mvso.cz/course/mvso/winter2023/XFU1