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Main menu for Browse IS/STAG
Course info
KFU / MU
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Course description
Department/Unit / Abbreviation
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KFU
/
MU
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Academic Year
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2023/2024
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Academic Year
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2023/2024
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Title
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International Accounting Systems
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Form of course completion
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Exam
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Form of course completion
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Exam
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Accredited / Credits
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Yes,
6
Cred.
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Type of completion
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Combined
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Type of completion
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Combined
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Time requirements
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Lecture
2
[Hours/Week]
Tutorial
2
[Hours/Week]
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Course credit prior to examination
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Yes
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Course credit prior to examination
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Yes
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Automatic acceptance of credit before examination
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Yes in the case of a previous evaluation 4 nebo nic.
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Included in study average
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YES
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Language of instruction
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Czech
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Occ/max
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Automatic acceptance of credit before examination
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Yes in the case of a previous evaluation 4 nebo nic.
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Summer semester
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0 / -
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0 / -
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0 / -
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Included in study average
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YES
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Winter semester
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0 / -
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14 / -
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2 / -
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Repeated registration
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NO
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Repeated registration
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NO
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Timetable
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Yes
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Semester taught
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Winter semester
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Semester taught
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Winter semester
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Minimum (B + C) students
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10
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Optional course |
Yes
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Optional course
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Yes
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Language of instruction
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Czech
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Internship duration
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0
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No. of hours of on-premise lessons |
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Evaluation scale |
1|2|3|4 |
Periodicity |
každý rok
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Evaluation scale for credit before examination |
S|N |
Periodicita upřesnění |
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Fundamental theoretical course |
No
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Fundamental course |
No
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Fundamental theoretical course |
No
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Evaluation scale |
1|2|3|4 |
Evaluation scale for credit before examination |
S|N |
Substituted course
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KFU/MUS
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Preclusive courses
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KFU/AMU and KFU/AMUS
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Prerequisite courses
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N/A
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Informally recommended courses
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N/A
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Courses depending on this Course
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N/A
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Histogram of students' grades over the years:
Graphic PNG
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XLS
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Course objectives:
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The aim of this course is to: familiarize students with worldwide accepted and required standards IAS/IFRS and US GAAP, familiarize students with their starting points, methods and tools and teach students to use these standards practically.
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Requirements on student
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Prerequisite for the demonstration of competencies is obtained
On credit:
1) elaboration of output (group) project and its presentation,
2) passing the test conditions (minimum success rate 70%). Test is possible to reapet once.
In exam:
obtain at least 70 (of 100 possible) points in the written test exam ( time limit - 60 mins)
Specification requirement for students combined studies in the courseware.
Within the requirements for students, changes may occur with regard to the epidemiological situation.
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Content
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- 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 equivalents, 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.
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Activities
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Fields of study
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Guarantors and lecturers
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Literature
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Basic:
Hinke, Jana. Aplikace IAS/IFRS. Plzeň, 2016. ISBN 978-80-261-0662-3.
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Basic:
Hinke, Jana. IAS/IFRS a hodnocení výkonnosti podniku. 1. vyd. Praha : Alfa Nakladatelství, 2013. ISBN 978-80-87197-64-6.
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Basic:
Hinke, Jana. IAS/IFRS a vykázání finanční pozice podniku. 1. vyd. Praha : Alfa Nakladatelství, 2013. ISBN 978-80-87197-65-3.
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Basic:
Hinke, Jana; Černá, Marie. IAS/IFRS ve schématech. 2016. ISBN 978-80-261-0661-6.
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Extending:
Howard M. Schilit, Jeremy Perler. Financial shenanigans : how to detect accounting gimmicks and fraud in financial reports. New York, 2018. ISBN 978-1-260-11726-4.
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Extending:
Robert Mládek. IFRS and US GAAP : accounting policies and procedures = IFRS a US GAAP : postupy účtování. Praha: Leges, 2017. ISBN 978-80-7502-194-6.
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Recommended:
Dvořáková, Dana. Finanční účetnictví a výkaznictví podle mezinárodních standardů IFRS. Brno: BizBooks, 2017. ISBN 978-80-265-0692-8.
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Recommended:
Krupová, Lenka. Leasingy podle IFRS : IFRS 16 leasingy, praktické aplikace, příklady. Praha: 1. VOX, 2017. ISBN 978-80-87480-54-0.
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Recommended:
Libor Vašek, David Procházka. Účetnictví - výkaznictví : vybrané oblasti IFRS. Praha: Institut certifikace účetních, 2018. ISBN 978-80-87985-19-9.
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Recommended:
1. případová studie - účetní závěrka
(Hinke, Jana)
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Recommended:
2. případová studie - Informační potenciál položky: Other comprehensive income
(Hinke, Jana)
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Recommended:
3. případová studie - Leasing dle IFRS 16 ? zúčtování reálného splátkového kalendáře
(Hinke, Jana)
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On-line library catalogues
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Time requirements
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All forms of study
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Activities
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Time requirements for activity [h]
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Contact hours
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52
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Presentation preparation (report) (1-10)
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7
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Preparation for an examination (30-60)
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50
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Preparation for comprehensive test (10-40)
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30
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Team project (50/number of students)
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17
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Total
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156
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Prerequisites
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Knowledge - students are expected to possess the following knowledge before the course commences to finish it successfully: |
- 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 |
Skills - students are expected to possess the following skills before the course commences to finish it successfully: |
- to decide on the correct accounting and presentation of basic accounting elements |
Competences - students are expected to possess the following competences before the course commences to finish it successfully: |
N/A |
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Learning outcomes
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Knowledge - knowledge resulting from the course: |
- to 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 |
- to formulate approaches and methods of valuation, accounting and reporting of financial statement items |
- to 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 |
Skills - skills resulting from the course: |
- to 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 |
Competences - competences resulting from the course: |
N/A |
N/A |
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Assessment methods
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Knowledge - knowledge achieved by taking this course are verified by the following means: |
Written exam |
Project |
Test |
Oral exam |
Skills - skills achieved by taking this course are verified by the following means: |
Test |
Project |
Competences - competence achieved by taking this course are verified by the following means: |
Project |
Test |
Written exam |
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Teaching methods
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Knowledge - the following training methods are used to achieve the required knowledge: |
Practicum |
Self-study of literature |
One-to-One tutorial |
Interactive lecture |
The following case studies are also used to achieve expertise, skills and competence:
Study No. 1: Analysis of the financial statements of a real entity according to IAS / IFRS
Study 2: Information potential of the item: Other comprehensive income
Study No. 3: Leasing according to IFRS 16 - settlement of the real repayment schedule |
Skills - the following training methods are used to achieve the required skills: |
Practicum |
One-to-One tutorial |
Interactive lecture |
Competences - the following training methods are used to achieve the required competences: |
Practicum |
One-to-One tutorial |
Interactive lecture |
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