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.

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.

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

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

Zkouška: písemná - část teoretická a část praktická

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