UCP:EKE15 Taxes and Financial Statement - Course Information

EKE15 Taxes and Financial Statement

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Consuelo Honajzrová Banús, Ph.D. (lecturer)
Consuelo Honajzrová Banús, Ph.D. (seminar tutor)

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives (in Czech)

This course introduces students to the impact of economic transactions on the structure of assets, equity, and liabilities within corporations. In addition, the course will sharpen the students critical thinking skills as they come to understand the meaning of equity, its structure and changes depending on the legal form of business. The output will be the ability of students to compile and analyze the financial statements, understand its content and the “true and fair” situation of a company. Accounting systems are in direct connection with tax legislation, thus, during the course students will be acquainted with the tax system and its impact on the economy of the entrepreneurial subject. The conclusion of the course will be focused on the publication of financial accounting information garnered from the students.

Learning outcomes (in Czech)

Knowledge: Students will get a basic overview of a typical company's statement, individual accounting systems, and its relation to the state tax system, and consequently, its importance for the enterprise. Abilities: Students will be able to find their way around the issues of taxes and financial statements after completing the course. They will also be able to prepare basic financial statements. Skills: Students will learn to understand the links between individual financial reports and their importance for a company, especially from the point of view of financial analyzes and other outputs.

Syllabus (in Czech)

• 1. Equity and its changes depending on the legal form of business. 2. Financial Statements. 3. Cash Flow Statement. 4. Liabilities and reserves. 5. Depreciations. 6. Characteristics of IFRS. 7. Characteristics of US GAAP. 8. Tax system. 9. Value added tax. 10. Income tax. 11. Audit.

Literature

required literature
• SHAMROCK, E. IFRS and US GAAP: a comprehensive comparison. Hoboken: John Wiley & Sons, 2012, 213 pp. ISBN 978-1-118-14430-5. info

recommended literature
• TEPPEROVÁ, Jana and Hana ZÍDKOVÁ. Taxation in the CR and EU. Ed. 1. Praha: Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica, 2015. ISBN 978-80-245-2107-7. info
• BALTAZAR, E. International GAAP 2012: generally accepted accounting practice under international financial reporting standards. 1st pub. Chichester. 2012. ISBN 978-1-119-96245-8. info

Teaching methods (in Czech)

The use of expository lecture sessions to introduce different topics included in the subject, as well as, exercises/labs focused on practical examples will be the primary teaching methods used. During labs, students will work in peer groups of two in order to prepare a presentation on a selected topic. The presentation assignment is to contribute to deepening the student’s knowledge base on the chosen topic in order to develop the student's understanding of the issues of taxes and financial statements. The presentation must be handed in on the date of the seminar presentation. In addition to the presentation, students will have to sit for a theoretical and practical mid-term exam. Without this credit, the student cannot attend the final written exam.

Assessment methods (in Czech)

Evaluation of the course consists of three parts. (1. Assignment and presentation: max 20%, 2. Mid-Term written exam: max 40%, 3. Final written examination: 40%) Pass mark 70%

Language of instruction

English

Further Comments

The course can also be completed outside the examination period.

• Enrolment Statistics (summer 2019, recent)
  
• Permalink: https://is.ucp.cz/course/ucp/summer2019/EKE15