Knowledge and understanding
After successfully completing the course, students will be able to:
Define: Characteristics, contents and specific features of accounting and financial reporting in the public sector, especially the budget of the central and local state (counties, towns and municipalities), as well as of the institutions that are financed from the budget (budgetary recipients). The students should recognise how these terms appear in social and dinancial environment and understand these financial flows and their accounting expression.
Explain: The manner in which public and common needs are financed and how public expenditure is monitored by accounting and reporting.. Understand the significance of the presented data in budgets and financial reports that follow the budget realisation.
Application
After successfully completing the course, students will be able to:
Group and describe: Basic approaches in planning, realisation, accounting monitoring and financial reporting in budgetary accounting. Describe accounting principles and foundations applied in budgetary accounting.
Understand: By applying basic theoretical approaches understand the nature of business events in budgets and budgetary recipients, connect the theoretical framework with examples of practical application.
Apply: By adopting knowledge about the application of specific accounting rules, students will be able to apply budgetary classification in the processing of accounting data and independently prepare simpler forms of basic financial reports of budgetary recipients.
Outline: The acquisition of specific knowledge will enable f.r. independent preparation of a financial plan, a simpler analysis of the operation of budgetary recipient, propose a manner of accounting treatment of a certain business event etc.
Analysis
After successfully completing the course, students will be able to:
Demonstrate: Characteristics of the budget and accounting process, present the flow of budgetary expenditure, present an accounting framework and the contents of basic financial reports.
Categorise: Budgetary classification, budgetary principles, accounting principles, structure of financial reports.
Analyse: Application of budgetary classification and accounting rules on the examples of typical business events, the contents of basic financial reports by budgetary recipients.
Compare: Different theoretical approaches to budgetary and accounting processes, the process of adjusting th ebudgetary framework and accounting within the EU.
Synthesis
After successfully completing the course, students will be able to:
Construct connections between the budget and financial reports using a theoretical structure. Propose and formulate the best manners to present the operation and financial flows of budgets and budgetary recipients.
Examine: To place what is daily occurring in public financing into a presented framework. Thus demonstrate the determination of presented processes.
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 theoretical and applicative 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 activities of the public sector, manner of its financing and financial accounting framework of their activity, measurement of efficiency of public administration and control over the wok of public administration. They will be able to understand accounting information and their usage in business decision-making.
The students will also increase their capacity of understanding social and financial events. For example, the students will be able to follow media reports and understand the meaning of the terms budget, public expenditure, rules of public financing. They will understand the contents of a financial report and be able to interpret it.
In the applicative sense, the students will gain the ability of independent preparation of financial plan, performsnce of accounting tasks and a simpler analysis of the operation of budgetary recepients.
The students will also develop presentation skills and expression of the acquired knowledge and their own throughts.
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.
Written examination is a compulsory prerequisite for taking oral examination.
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 budgetary and financial courses and examples of public expenditure, evaluation of applicability of these concepts in the sense of their explanatory power for individual cases.
