Accounting in Organizations
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 2
- Faculty of Business Economics with seat in Košice
Teachers
Included in study programs
Teaching results
The aim of the course is to provide the basic characteristics and content of individual accounting
classes according to the general chart of accounts and accounting procedures for entrepreneurs.
Posting on the accounts of individual account classes, determining the economic result in the
structure according to the accounting procedures for entrepreneurs. At the same time to acquaint
students with the general principles of financial statements for entrepreneurs, namely the balance
sheet, profit and loss statement and notes.
Knowledge:
After completing the course, the student masters the theoretical and practical context of accounting
for assets, liabilities, equity, costs, revenues. He knows the procedure of double-entry bookkeeping
in the practice of business entities, theoretical and practical principles of preparation of financial
statements and preparation of financial statements.
Competences:
By evaluating the level of knowledge and skills, the student is familiar with economic information
in accounting, management and methodological functions of accounting, financial decision-making
and financial control. They will evaluate the acquired knowledge in the analysis and interpretation
of basic economic and financial relations of business entities.
Skills:
the student is oriented in the issue of double-entry bookkeeping in terms of current legislation. He
is skilled in the areas of documentation of accounting cases and their accounting. He specializes in
the acquisition, valuation and accounting of assets, depreciation and disposal of fixed assets. He
controls the keeping of analytical records and accounting of financial assets, receivables and liabilities. Understands the accounting of taxes, is familiar with the accounting of costs and revenues and in determining the profit or loss of the company by activity.
Indicative content
Lectures:
1. Chart of accounts for entrepreneurs. Principles applied in its construction. Posting to Accounts
Class 2 - Financial Accounts.
2. Account class 0 - Long-term assets - long-term intangible assets, long-term tangible assets -
characteristics, valuation, acquisition, depreciation, disposal.
3. Account class 0 - Long-term assets - long-term financial assets.
4. Accounting class 1 - Inventories - types, valuation, procurement, consumption (sales).
Inventory of stocks.
5. Accounting class 3 - Settlement relations - accounting of receivables and payables.
6. Accounting class 3 - Settlement relations - settlement with employees and social insurance and
health insurance bodies, accounting of taxes and subsidies.
7. Account class 4 - Capital accounts and long-term liabilities - share capital and capital funds
formed from profit and transferred economic results, economic result.
8. Account class 4 - Capital accounts and long-term liabilities - reserves, bank loans, long-term
liabilities and liabilities from the social fund, deferred tax liability and deferred tax receivable,
accounting with a natural person - entrepreneur.
9. Accounting class 5 - Costs - structure and accounting.
10. Accounting class 6 - Revenues - structure and accounting.
11. Accruals and deferrals.
12. The result of the company - its survey, structure, accounting.
13. Accounting for the lease of fixed assets in the form of a finance lease.
Seminars:
1. Cash accounting: treasury, securities, bank accounts, short-term bank loans, discount loans,
issued short-term bonds and other short-term financial assistance, short-term financial assets,
provisions for short-term financial assets.
2. Accounting for the acquisition of long-term intangible and long-term tangible assets.
Depreciation of fixed assets.
3. Decommissioning of fixed assets. Long - term financial assets. Provisions for fixed assets.
4. Accounting for Inventories Method A and Method B.
5. Accounting for receivables and payables, taxes and subsidies.
6. Payroll accounting and settlement with social insurance and health insurance authorities.
Interim evaluation I.
7. Accounting in accounts of account class 4 - Capital accounts and long-term liabilities - share
capital and capital funds, funds formed from profit and transferred economic results, economic
result.
8. Accounting on accounts of account class 4 - Capital accounts and long-term liabilities -
reserves, bank loans, long-term liabilities and liabilities from the social fund, deferred tax
liability and deferred tax receivable, accounting with a natural person - entrepreneur.
9. Cost accounting - costs of economic activity, financial costs
10. Revenue recognition - income from economic activity, financial income
11. Accruals and deferrals. Accounting for deferred costs and revenues, deferred expenses and
income. Complex costs of future periods.
12. Interim evaluation II.
13. Determining the economic result of the company. Comprehensive example with financial
statements on accounts 702 - Final balance sheet account and 710 - Profit and loss account.
Support literature
Elementary literature:
1. MANOVÁ,E.,NIŽNÍKOVÁ, Z.,FERANECOVÁ, A.: Podvojné účtovníctvo podnikateľských subjektov. Príprava na štátnu skúšku. Bratislava: Vydavateľstvo EKONÓM, 2016. ISBN 978-80-225-4361-3.
2. MANOVÁ, E.: Podvojné účtovníctvo podnikateľských subjektov Praktikum. Bratislava: Ekonóm, 2013. ISBN 978-80-225-381-8
3. CENIGOVÁ, A.: Podvojné účtovníctvo pre podnikateľov. Bratislava: CENIGA, 2020. ISBN 9788097327415.
4. Zákon č. 431/2002 Z. z. o účtovníctve v platnom a účinnom znení
5. Opatrenie MF SR č. 23054/2002-92, ktorým sa ustanovujú podrobnosti o postupoch účtovania a rámcovej účtovej osnove pre podnikateľov účtujúcich v sústave podvojného účtovníctva v platnom a účinnom znení
Supplementary literature:
1. HOGGETT, J.: Financial Accounting. John Wiley & Sons Australia Ltd. 2015. ISBN (EAN): 9781118608203
2. ŽÁROVÁ M., PEPRNÍČKOVÁ M., VAŠEK L., VÁCHA P.: Essentials of Financial Accounting for non-specialists. University of Economics, Prague.2017. ISBN 978-80-245-2187-9.
3. MANOVÁ, E.: Podvojné účtovníctvo v obchodných podnikoch. Bratislava: Ekonóm, 2011, 110 s. 978-80-225-3321-8.
4. ŠLOSÁROVÁ, A. a kol.: Účtovníctvo. Wolters Kluwer. 2016. ISBN 978-80-8168-444
Syllabus
Lectures: 1. Chart of accounts for entrepreneurs. Principles applied in its construction. Posting to Accounts Class 2 - Financial Accounts. 2. Account class 0 - Long-term assets - long-term intangible assets, long-term tangible assets - characteristics, valuation, acquisition, depreciation, disposal. 3. Account class 0 - Long-term assets - long-term financial assets. 4. Accounting class 1 - Inventories - types, valuation, procurement, consumption (sales). Inventory of stocks. 5. Accounting class 3 - Settlement relations - accounting of receivables and payables. 6. Accounting class 3 - Settlement relations - settlement with employees and social insurance and health insurance bodies, accounting of taxes and subsidies. 7. Account class 4 - Capital accounts and long-term liabilities - share capital and capital funds formed from profit and transferred economic results, economic result. 8. Account class 4 - Capital accounts and long-term liabilities - reserves, bank loans, long-term liabilities and liabilities from the social fund, deferred tax liability and deferred tax receivable, accounting with a natural person - entrepreneur. 9. Accounting class 5 - Costs - structure and accounting. 10. Accounting class 6 - Revenues - structure and accounting. 11. Accruals and deferrals. 12. The result of the company - its survey, structure, accounting. 13. Accounting for the lease of fixed assets in the form of a finance lease. Seminars: 1. Cash accounting: treasury, securities, bank accounts, short-term bank loans, discount loans, issued short-term bonds and other short-term financial assistance, short-term financial assets, provisions for short-term financial assets. 2. Accounting for the acquisition of long-term intangible and long-term tangible assets. Depreciation of fixed assets. 3. Decommissioning of fixed assets. Long - term financial assets. Provisions for fixed assets. 4. Accounting for Inventories Method A and Method B. 5. Accounting for receivables and payables, taxes and subsidies. 6. Payroll accounting and settlement with social insurance and health insurance authorities. Interim evaluation I. 7. Accounting in accounts of account class 4 - Capital accounts and long-term liabilities - share capital and capital funds, funds formed from profit and transferred economic results, economic result. 8. Accounting on accounts of account class 4 - Capital accounts and long-term liabilities - reserves, bank loans, long-term liabilities and liabilities from the social fund, deferred tax liability and deferred tax receivable, accounting with a natural person - entrepreneur. 9. Cost accounting - costs of economic activity, financial costs 10. Revenue recognition - income from economic activity, financial income 11. Accruals and deferrals. Accounting for deferred costs and revenues, deferred expenses and income. Complex costs of future periods. 12. Interim evaluation II. 13. Determining the economic result of the company. Comprehensive example with financial statements on accounts 702 - Final balance sheet account and 710 - Profit and loss account.
Requirements to complete the course
· Continuous assessment: written work - 40 points (2 written works of 20 points each)
· Final evaluation: written exam - 60 points
Student workload
Student workload (in hours): 156 hours
· participation in lectures - 26 hours
· participation in exercises - 26 hours,
· preparation for exercises - 24 hours
· preparation for the semester test - 20 hours
· preparation for the exam - 60 hours
Language whose command is required to complete the course
slovak
Date of approval: 14.02.2023
Date of the latest change: 24.01.2022