Accounting basics

  • Credits: 3
  • Ending: Examination
  • Range: 0P + 2C
  • Semester: summer
  • Year: 1
  • Faculty of Economic Informatics

Teachers

Included in study programs

Accounting

Teaching results

The course will provide the students with basic knowledge of accounting in English in order to understand its purpose.
Knowledge - Students who have already completed accounting in high schools will gain extensive knowledge of basic concepts and relationships in accounting and financial statements in English.
Skills - Students will learn the purpose of accounting and the accounting procedures in double-entry bookkeeping in English.
Competence - Students will be able to apply a new approach to accounting as just according to the conditions in the Slovak Republic

Indicative content

Purpose and importance of accounting, Definition of terms used in accounting, Assets, liabilities, equity and off-balance sheet items, Balance sheet, The classification of assets and claims for their presentation in the balance sheet, Expenses, revenues and profit/loss, Income statement, Basic principles in accounting, Accounting documents and valuation, The effect of trading operations on the balance sheet, Transactions affecting balance sheet and income statement, Account and bookkeeping.

Support literature

McLANEY, E – ATRILL, P. 2020. Accounting and Finance: An Introduction. Harlow : Pearson Education Limited, 2020. ISBN: 1292312262

Syllabus

1. Purpose and importance of accounting 2. Definition of terms used in accounting 3. Financial position of an accounting entity 4. Assets, liabilities, equity and off-balance sheet items 5. Balance sheet 6. The classification of assets and claims for their presentation in the balance sheet 7. Expenses, revenues and profit/loss 8. Income statement 9. Basic principles in accounting 10. Accounting documents and valuation 11. The effect of trading operations on the balance sheet 12. Transactions affecting balance sheet and income statement 13. Account, bookkeeping

Requirements to complete the course

26 hours of seminars
13 hours of preparation for the seminars
12 hours of preparation for the interim concept check test (30 % of the overall grading)
27 hours of preparation for the exam, - out of which 12 hours of the preparation for the exercises (30 % of the overall grading) - out of which 15 hours of the preparation for the compilation and the analysis of the financial statements of a company (40 % of the overall grading
Total study load (in hours): 78

Student workload

26 hours of seminars
13 hours of preparation for the seminars
12 hours of preparation for the interim concept check test (30 % of the overall grading)
27 hours of preparation for the exam, - out of which 12 hours of the preparation for the exercises (30 % of the overall grading) - out of which 15 hours of the preparation for the compilation and the analysis of the financial statements of a company (40 % of the overall grading
Total study load (in hours): 78

Language whose command is required to complete the course

english

Date of approval: 10.02.2023

Date of the latest change: 16.05.2022