Code:IUCE (FP uceP)
Completion:accreditation+exam (verbal)
Type of
Hour/semLecturesSem. ExercisesLab. exercisesComp. exercisesOther
Guarantee:Fedorová Anna, doc. Ing., CSc., FBM
Lecturer:Fedorová Anna, doc. Ing., CSc., FBM
Gláserová Jana, Ing., Dr., IF
Instructor:Abrahámová Denisa, Ing., FBM
Fialová Pavlína, Ing., FBM
Gláserová Jana, Ing., Dr., IF
Faculty:Faculty of Business and Management BUT
Department:Institute of Informatics FBM BUT
Learning objectives:
  Objective of the subject is to educate the students in the field of basic principles of accounting and in the primary interconnections in financial statements which are the key to understanding of any accounting systém.
  The subject is focused on the bases and basic principles of accounting, i.e. stress is put on construction of the balance, on changes in balance, on recognition of costs and revenues, on creation of profit/loss and on cash flows in a enterprise.
Knowledge and skills required for the course:
  Basic general knowledge of corporate economics.
Learning outcomes and competences:
  Students will understand the basic principles of accounting and interconnection in accounting operations and in financial statements. Students will gain the skills of identification of accounting operations and their influence on the items of financial statements, and skills of preparation of financial statements.
Syllabus of lectures:
 The course is focused on the fundamentals and basic principles of accountancy in the sense of putting together a balance sheet, changes in the balance sheet, the creation of costs and revenues and producing the profit and loss account.
  1. Characteristics of double entry bookkeeping, legal treatment of bookkeeping in the Czech Republic, bookkeeping outputs.
  2. Balance sheet, balance sheet changes.
  3. Profit and loss account, creation of profit.
  4. Fundamentals of bookkeeping, methodological instruments.
  5. Financial accounts (characteristics, evaluation and accounting for money, short-term loans and short-term securities).
  6. Current assets - inventory (characteristics, valuation, accounting).
  7. Clearing relations - receivables (especially trade receivables).
  8. Clearing relations - payables (especially trade payables and for employees and shareholders).
  9. Fixed assets (acquisition, depreciation, elimination).
  10. Equity, long-term outside sources (accounting for profit and long-term loans).
  11. Costs and revenues (operational and financial).
  12. Closing of accounts.
  13. Accountancy audit statements, duty of accounting.
Syllabus of numerical exercises:
 The course contains two-hours lectures per week that explain basic principles, problems and methodology of the discipline, and two-hour exercises per week promoting the practical knowledge and applications of the subject presented in the lectures.
  1. Introduction to the course. Financial statements.
  2. Balance sheet.
  3. Profit and loss account.
  4. Documenting in accountancy, rules for billing to accounts.
  5. Types of accounting operation, working procedures in accountancy.
  6. Accountancy on financial accounts.
  7. Clearing relations.
  8. Accounting for inventories.
  9. Accounting for fixed assets.
  10. Accounting for equity.
  11. Cut-off entries, preparation of financial statements.
  12. Credit test.
  13. Credit.
Study literature:
  • KOVANICOVÁ, D. Abeceda účetních znalostí pro každého. Praha: Polygon, 2012. ISBN 978-80-7273-169-5 (in Czech).
  • Kovanicová, D. Finanční účetnictví - světový koncept. 5.vyd., BOVA POLYGON, 2005. ISBN 80-7273-129-7 (in Czech).
  • Zákon č. 563/1191 Sb., o účetnictví, v platném znění (in Czech).
  • Vyhláška č.500/2002 Sb., kterou se provádějí některá ustanovení zákona o účetnictví, v platném znění (in Czech).
  • České účetní standardy pro účetní jednotky č. 001 až 023, které účtují podle vyhlášky č. 500/2002 Sb., ve znění pozdějších předpisů (in Czech).
  • RYNEŠ, P. Podvojné účetnictví a účetní závěrka. Průvodce podvojným účetnictvím k 1. 1. 2014. 14. aktualiz. vyd. Olomouc: ANAG, spol. s r.o., 2014. 1144 s. ISBN 978-80-7263-853-6 (in Czech).
Controlled instruction:
  Student's participation on seminars is checked.
Progress assessment:
  Written test with closed questions. Pass mark 50 %.
The credit will have a 40 % weighting in the overall course mark while the examination will account for 60 %.
Exam prerequisites:
  Credit written test (at the end of the semester). Pass mark 50 %.