Accounting I - JEB046

• Title: Účetnictví I
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2007 to 2012
• Semester: summer
• E-Credits: 2
• Examination process: summer s.:
• Hours per week, examination: summer s.:2/2, C [HT]
• Capacity: unlimited / unlimited (unknown)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: taught
• Language: Czech
• Teaching methods: full-time
• Teaching methods: full-time
• Note: course can be enrolled in outside the study plan; enabled for web enrollment
• Guarantor: Ing. Irena Kemény
• Teacher(s): Ing. Irena Kemény
• Is pre-requisite for: JEB047

Annotation

Last update: KEMENY (08.07.2011)

Introduction to financial accounting. Basic functions, principles, system of record keeping. Financial accounting as an information system.

Syllabus

Last update: KEMENY (08.07.2011)

1.      Introduction - accounting defined, financial accounting versus managerial accounting, basic accounting principles, financial accounting standards, accounting as an information system, users of accounting information, basic accounting principles.

2.      Accounting entity.  Accounting requirements in different types of business activity. Legal framework of accounting.

3.      Basic financial statements - Balance Sheet, Income Statement, Owners equity statement, Cash Flow Statement.

4.      Basic financial statements - relationship between them. Transactions and their effect on the Balance Sheet and the Income Statement. The accounting Equation.

5.      Bookkeeping - documents, entries in books of accounts.

6.      Processing Accounting Information - the account, debit and credits, double-entry procedure, rules of debit and credit. Balance sheet accounts, income statement accounts. Chart if accounts, the general journal, the ledger.

7.      The book closing process - closing the revenue accounts, closing the expense accounts, closing the income summary account, closing the balance sheet accounts.

8.      Fixed Assets - valuation, expenditures capitalized in assets value. The acquisition cost, self constructed assets, noncash acquisition.

9.      Depreciation methods, depreciation for accounting and tax purposes. Accumulated depreciation account.

10.  Intangible assets, acquisition of intangible assets. Research and development costs, patents, copyrights, goodwill. Amortization of intangible assets. Bookkeeping for fixed assets.