Course: Accounting of IAS/IFRS

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Course title Accounting of IAS/IFRS
Course code KFU/9MUS
Organizational form of instruction Lecture + Tutorial
Level of course Master
Year of study not specified
Semester Winter and summer
Number of ECTS credits 7
Language of instruction Czech
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Zborková Jitka, Ing. Ph.D.
  • Hinke Jana, Ing. Ph.D.
Course content
- Introduction to accounting systems - Harmonisation and standardization of accounting, the definition and meaning of IFRS for SMEs - Interpretation of the conceptual framework - Part I, - Interpretation of the conceptual framework - II. part of the concept and basic principles of IFRS for SMEs - Fixed assets and its depiction in accounting, the concept of fixed assets in accordance with IFRS for SME - Inventories treatment for inventories under IFRS for SME - Cash, cash ekvivatelnty, receivables, financial assets, investment - a concept according to IAS / IFRS and IFRS for SME - Equity, the concept of equity according to IFRS for SME - Liabilities, provisions, contingent liabilities and contingent assets, the concept according to IAS / IFRS and IFRS for SME - Income and expenses in the concept of IAS / IFRS and IFRS for SME - Financial statements according to IAS / IFRS, the financial statements in accordance with IFRS for SMEs, interim financial reporting - Disclosure of related parties, changes in accounting estimates, fundamental errors and changes in accounting policy, the events after reporting date, the solutions adopted IFRS for SME - The consolidated financial statements according to IAS / IFRS and IFRS for SMEs. Additional information for students combined studies are in the courseware.

Learning activities and teaching methods
Lecture with practical applications, One-to-One tutorial, Self-study of literature, Practicum
  • Contact hours - 13 hours per semester
  • Team project (50/number of students) - 25 hours per semester
  • Preparation for comprehensive test (10-40) - 40 hours per semester
  • Preparation for an examination (30-60) - 60 hours per semester
  • Presentation preparation (report) (1-10) - 10 hours per semester
  • unspecified - 35 hours per semester
prerequisite
professional knowledge
For successful graduation of the course is important to know the financial reporting in accordance with the laws of the Czech Republic, ie. basic accounting principles and techniques, as well as valuation, accounting and reporting of the main components of statements and compiling statements themselves.
learning outcomes
- Define the obligation to keep financial reporting under IAS/IFRS and IFRS for SME and describe the structure of the IAS/IFRS and IFRS for SME,
- formulate approaches and methods of valuation, accounting and reporting of financial statement items,
- define the diversity of IAS/IFRS, IFRS for SME from the accounting system maintained in accordance with Czech laws and use the acquired knowledge in the accounting and reporting in the business entity, respectively in preparing the financial statements of the business entity.
professional skills
- independently to identify the differences of the IAS/IFRS accounting system from Czech legislation,
- independently to account for main issues from the IAS/IFRS accounting system,
- to read the financial statements prepared in accordance with IAS/IFRS with understanding the differences from reporting under the Czech legislation.
general eligibility
N/A
N/A
teaching methods
professional knowledge
Practicum
Self-study of literature
One-to-One tutorial
Lecture with practical applications
assessment methods
Combined exam
Test
Project
Recommended literature
  • Dvořáková, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. 2., dopl. a aktualiz. vyd. Brno : Computer Press, 2008. ISBN 978-80-251-1950-1.
  • Hinke, Jana. IAS/IFRS a hodnocení výkonnosti podniku. Praha, 2013. ISBN 978-80-87197-64-6.
  • Hinke, Jana. IAS/IFRS a vykázání finanční pozice podniku. Praha, 2013. ISBN 978-80-87197-65-3.
  • Hinke, Jana. Účetní systém IAS/IFRS : [charakteristika účetního systému]. Praha : Kernberg Publishing, 2007. ISBN 978-80-903962-2-7.
  • Hinke, Jana. Účetnictví podle IAS/IFRS : příklady a případové studie. 1. vyd. Praha Kernberg Publishing, 2007. ISBN 978-80-903962-1-0.
  • Hussey, Roger. Fundamentals of international financial accounting and reporting. Singapore : World Scientific, 2011. ISBN 978-981-4280-23-5.
  • Jílek, Josef; Svobodová, Jitka. Účetnictví podle mezinárodních standardů účetního výkaznictví 2011. 1. vyd. Praha : Grada, 2011. ISBN 978-80-247-3427-9.
  • Krupová, Lenka. IFRS : mezinárodní standardy účetního výkaznictví : [aplikace v podnikové praxi : stav k 1.1.2009]. Vyd. 1. Praha : VOX, 2009. ISBN 978-80-86324-76-0.
  • Mackenzie Bruce. Interpretation and Application of IFRS 2012. NewJersey, 2012. ISBN 978-0-470-92399-3.
  • Mládek, Robert. Postupy účtování podle IFRS = IFRS policies and procedures. Vyd. 1. Praha : Leges, 2009. ISBN 978-80-87212-13-4.
  • Strouhal, Jiří. Slovník pojmů IFRS : aktuálně platné definice pojmů IFRS, překladový můstek z ČJ do AJ a zpět, vazby na jednotlivé IAS/IFRS. Vyd. 1. Praha : Wolters Kluwer ČR, 2009. ISBN 978-80-7357-474-1.


Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester