Accounting, Taxation and Auditing
Graduates of this module should be able to interpret financial position and performance of an entity based on its financial statements. Also, they should understand the process of financial statements preparation. Besides, they should be able to evaluate tax impacts of various transactions. Graduates of the second course should be able to use financial information for managing purposes (controlling, decision making etc.) and should be able to design accounting model which would provide appropriate information input.
Last but not least, they should understand how financial information are reviewed and audited to be able to judge a reliability of financial information.
This module accounts for 6 ECTS.
- Introduction to financial accounting
- Intermediate and advanced issues of financial accounting
- International Financial Reporting Standards
- Taxes and Auditing
- Managerial accounting
- Strategic managerial accounting and controlling
Taxation and Auditing
- Balance sheet – introduction
- Transaction analysis, Profit and loss statement
- Balance sheet items (recognition, measurement, presentation, disclosure)
- Revenue recognition
- Statement of changes in equity
- Statement of cash flow
- Tax system in the Czech Republic
- Personal income and corporate income tax
- Value added tax and other taxes on consumption
- Property taxes (other taxes and fees)
Applied Accounting for the Management
- Introduction to audit
- Planning of audit
- Auditor’s risk
- Internal control system
- Control procedures
- Legislation and standards
- Auditor’s report
Literature and other sources
FIBIROVA, J., SOLJAKOVA, L., WAGNER, J.: Nákladové a manažerské účetnictví, Praha, ASPI 2008.
MEJZLIK, L.: Co je audit, kdy a jak vznikl. Praha: Komora auditorů ČR, 2013.
PELAK, J: Účetnictví v příkladech (úvod do účetnictví), VŠE, Praha
KRALICEK, Vl.: Účetnictví a auditing v procesu světové harmonizace. Praha: Nakladatelství Oeconomica, 2012.
International Financial Reporting Standards, IASB London.