SubjectsSubjects(version: 955)
Course, academic year 2023/2024
Principles of Accounting - AB501007
Title: Principles of Accounting
Guaranteed by: Department of Economics and Management (837)
Faculty: Central University Departments of UCT Prague
Actual: from 2020
Semester: summer
Points: summer s.:6
E-Credits: summer s.:6
Examination process: summer s.:
Hours per week, examination: summer s.:2/2, C+Ex [HT]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
State of the course: taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Strouhal Jiří prof. Ing. Ph.D.
Is interchangeable with: B501007
This subject contains the following additional online materials
The objective of this course is to acquaint students with the development and analysis of financial statements. Accounting concepts and terminology will be stressed. This course concentrates on the application of accounting theory, standards, principles, and procedures to accounting problems.
Last update: Botek Marek (17.01.2020)

R: Weygandt, Kimmel, Kieso; Financial Accounting John Wiley and Sons, 2011, sixth edition, International Student Version

R: Horngren’s Accounting, The Financial Chapters (Global Edition): 11th Edition, Mattison B.,Matsumura E.M. & Miller-Nobles T., Pearson, 2015

A: Gowthorpe, Catherine, Business accounting and finance for non-specialists (2nd ed., London: Thomson Learning, 2005). ISBN: 978-1-84480-200-5

A: List of required articles and web resources are provided in each lecture.

A: Additional fading materials from a number of other accounting textbooks and periodicals will be made available to students

Last update: Botek Marek (17.01.2020)
Requirements to the exam - Czech

Zápočet: aktivní účast na cvičeních, 50 % z testů.

Zkouška: písemná - část teoretická a část praktická

Last update: Scholleová Hana (20.02.2021)

1. Introduction to business organization and finance

2. Review of Accounting Framework

3. Review of regular accounting transactions

4. Recording adjusting entries and trial balance

5. Accountability and control

6. Income and the operating cycle

7. Inventories

8. Current assets, receivables

9. Long term operating assets

10. Current liabilities and time value of money

11. Long term debt, Effective interest procedures

12. Reporting owners equity

13. Statement of Cash Flows

14. Long term investments

Last update: Botek Marek (17.01.2020)
Course completion requirements

Knowledge verified continuously in the form of partial test.

The final written exam includes material from the entire semester.

To successfully obtain the credit, students must obtain at least 50% of points for the activity and 50% of points from the continuous test.

Last update: Scholleová Hana (09.02.2024)
Teaching methods
Activity Credits Hours
Účast na přednáškách 1 28
Příprava na přednášky, semináře, laboratoře, exkurzi nebo praxi 2 56
Příprava na zkoušku a její absolvování 2 56
Účast na seminářích 1 28
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