Knowledge and understanding
After successfully completing the course, students will be able to:
Define: Accounting categories of property, obligations, capital, income and expenditure, business result and its distribution. The student should recognise how these categories appear in business and financial environment and understand accounting processing of business events and their influence on the aforementioned categories.
Explain: Rules of documenting individual accounting categories and recognise their application in concrete business examples. Understand the significance of the processed data in accounting documentation and recognise their interdependence.
Application
After successfully completing the course, students will be able to:
Group and describe: Describe accounting principles and basic rules in accounting. Describe accounting process. Categorise accounting items into groups according to defined criteria and accounting standards.
Understand: To connect theoretical framework with examples of practical application by applying basic theoretical approaches and understanding of the nature of business events, and to reach the understanding of business operation of a company expressed by accounting methodology.
Apply: By adopting the knowledge about the application of specific accounting rules, students will be able to apply rules in documentation of typical business events on the proeprty, obligations, capital, income or expenditure and interpret results of such analysis.
Resolve: Acquisition of specific knowledge will enable resolving accounting treatment of a certain business event and the interpretation of the effect of business event on the successfulness of business and financial position of a company.
Analysis
After successfully completing the course, students will be able to:
Demonstrate: Characteristics of accounting process, present course of accounting process, describe accounting instrument, present accounting treatment of individual categories.
Categorise: Accounting principles and foundations, accounting standards, categories, rules of measurement and evaluation.
Analyse: Application of classification, rules of measurement and evaluation on examples of typical business events.
Resolve: Different examples of business events and analyse, calculate, interpret and present results.
Synthesis
After successfully completing the course, students will be able to:
Construct connections between rules of documentation, accounting categories and by using theoretical structure create approaches and manners of documenting business events. Propose the best manners to present accounting categories and formulate the usage of accounting information in business decision-making.
Compare: Applicability of rules in different situations and examples, observe differences and similarities in the application of set rules and causes for differences.
Evaluate: Advantages and disadvantages of individual theoretical and applicative approaches, recognise cases from practice which prove applied approaches.
Assess: To which extent certain general knowledge and certain methods can provide answers to formulated questions and to which extent can certain theoretical frameworks enable elaboration of the answer to formulated questions and tasks, and thus assess the applicability of theoretical approach and applied methods for a specific area that is being analysed.
After successfully completing the course, students will be able to understand the application of methods and techniques of documenting business events and preparing financial reports of business subjects and understand accounting information and their usage in business decision-making.
The students will also increase their capacity of understanding social, economic and financial events. On the level of information, the students will use the terms property, obligations, income, expenditure and financial result with understanding, and will have the ability of critical interpretation.
In the applicative sense, the students will gain the ability of independent professional work and will be able to approach to independent performance of accounting tasks and a simpler abnalysis of a company.
The students will also develop presentation skills, precise argumentation and expressing conclusions in the form that is appropriate for presentation (in oral or written form).
Knowledge is tested by mid-term examinations and/or written examinations and oral examinations.
Mid-term or written examination is a written form of testing knowledge in which the students have to demonstrate that they can define basic concepts, reproduce the explanation of some basic processes, group categories, for example recognise income or expenditure in different contexts, compare concepts and their meaning and apply them in concrete examples and outline how a certain problem could be researched or explained using presented theoretical frameworks.
Mid-term examination is given as apossibility of partial examination. Two mid-term exams are planned.
Grading criteria: written test through miod-term exams and written exam; resolving cases, multiple choice questions, true/false questions (with obligatory underlining of the part of the answer considered to be false) and completion of the text with appropriate words. Each part is graded depending on the number of correct answers, missing words i.e. complexity of the question.
Oral examination consists of testing the understanding of basic concepts, comparison of basic theories and concepts, demonstrating the possibility to apply them in explaining concrete business events and examples, evaluation of applicability of theoretical structure in individual categories and examples.
