Profil ústavu / Financial accounting II focusing V4 countries supported from VISEGRAD´S FUND

Mendel University in Brno

Zemědělská 1
613 00 Brno

info@mendelu.cz
T: 545 131 111
F: 545 211 128
IČ: 62156489
DIČ: CZ62156489

Financial accounting II focusing V4 countries supported form VISEGRAD´S FUND

Financial Accounting II focusing on V4 countries is supported bu International Visegrad Fund's Visegrad University Studies Grant No. 61450039  

      česká verze

The course is supported by Visegrad's Fund  during three years period - since Summer Period 2015/2016 till Summer Period 2017/2018.

Sylabus of the course is following (Summer Period 2016/17):

Course objective: The course deepens students' knowledge gained by completing the course Financial Accounting I. It follows the interpretation of the basic concepts of accounting theory, principles and methods of accounting that are used in the display of business transactions undertaken by specific economic entities in the accountancy. It includes detailed procedures for accounting of assets, liabilities and equity of the firm. Particular attention is paid to the preparation of financial statements, interpretation of accounting data and their economic significance. Business combinations and consolidated financial statements, the issue of conversion, liquidation and cancellation of companies will also be the main interest. It defines the specific accounting procedures for different types of commercial companies and cooperatives. The course is concerned with the reporting systems of V4 countries, as well. The main attention is paid to the differences between the reporting system of the Czech Republic and Slovakia, Poland and Hungary.

Course content:


1. Valuation and accounting of stock from own production in relation to the production cycle during the accounting period and at the balance sheet date (allowance 2/2)

2. Fixed and short term financial assets (allowance 2/2)

a) Acquisition of equity securities and participations by the first owner

b) Debt Securities

c) Basic procedures in accounting of financial derivatives

3. Debtors and creditors - selected issues (allowance 4/6)

a) Accounting of Bills of Exchange as a means of payment

b) Complaints, discounts on purchases and on provision of performance

c) Accounting of grants and selected taxes (excise duties, more complex context of accounting of VAT)

d) Clearing with other countries - imports and exports of goods and services, valuation of assets and liabilities to the balance sheet date, foreign units (premises and agencies)

e) Purchase and sale of claims, depreciation of claims and provisions to claims

f) Deferred Tax

4. Selected problems of accounting of tangible and intangible assets (allowance 2/2)

a) Acquisition of foreign tangible and intangible assets

b) Financial lease - specific procedures (different variants according to formulation of lease agreements, international lease, assignment and early termination of leases, technical improvement to the leased property)

c) Specific operations in case of fixed assets to the balance sheet date

5. Specifics of accounting of agricultural production (allowance 2/1)

6. Operations with company (allowance 4/4)

a) Purchase, sale, deposit, rental of business

b) Creation and recording of goodwill and valuation difference to the acquired assets

c) Accounting practices in transformation of business companies (mergers, division, transfer of assets to shareholders, changes in legal form of company)

d) Cancellation and termination of the company (cancellation with liquidation and without liquidation)

e) Bankruptcy of the debtor (bankruptcy, reorganization, discharge from debt)

7. Differences in the procedure of closing books in various types of companies (unlimited partnership, limited partnerships, individuals running a business) (allowance 2/2)

8. Financial statements of companies (allowance 4/3)

a) Completion of financial statements with detailed focus on its attachment and other components

b) Consolidated financial statements - starting points of consolidation, methods of consolidation

9. Selected issues of financial accounting and reporting in Slovakia (allowance 2/2) 

a) possible form and structure of financial statements:

  • balance sheet items and their definitions
  • income statement items and their definitions

b) measurement of assets and liabilities

c) special issues of Slovak Accounting

d) relation between Income Tax Base and Profit or Loss

10. Selected issues of financial accounting and reporting in Poland (allowance 2/2)  

3th May, 2017 from 11,00  A.M. Room Q16, from 13,00 Room A01. Lecturer. Dr. Piotr Luty of Department of Finance, Economic University in Wroclaw (Lectures in English) 

a) possible form and structure of financial statements:

  • balance sheet items and their definitions
  • income statement items and their definitions

b) measurement of assets and liabilities

c) special issues of Polish Accounting

d) Relation between Income Tax Base and Profit or Loss

11. Cross-border tranformations of business companies (allowance 2/2)

a) mergers

b) divisions


Lectures 2 hours per week, seminars 2 hours per week

Lecturers: Dr.Ing. Jana Gláserová, prof. Ing. Peter Markovič, Ph.D., Ing. Miluše Korbelová

Some Photos from the lecture of prof. Ing. Peter Markovič (26th.April, 2017)

 here 

Presentation of prof. Markovič in UIS or  here 

Photos from 2016:

 

Selected issues of financial accounting and reporting in Slovakia are also available at FCB page  and in the photobank

Some photos from the lecture of Dr. Piotr Luty form Wroclaw university of Economics, Department of Finance on the topics Selected issues of financial accounting and reporting in Poland

3th May, 2017  - photos are here 

May, 4th at Q22 (9-11, 13-15).

Presentation download

Appendix download, also available in UIS.