Syllabus
- Legislative framework of accounting in the Czech Republic and abroad
- The subject of accounting. Its meaning and function. Assets and liabilities
- Methodological elements of accounting. Accounting books. Documentation. Inventory. Valuation of assets and liabilities
- Cycle of assets in the system of accounts. Expenses and gains
- Financial accounting of entrepreneurs. Accounting of management
- Fixed assets
- Stocks
- The financial accounts and billing relationships
- Share capital. Own and foreign sources
- Costs and revenues
- Accounts. Detecting profit
- Financial Statements
Annotation
The aim of the subject Accounting for Lawyers is to make students familiar with the meaning of accounting from historical context to actual issues and let them get fundamental knowledge of the matters of accounting with respect of future lawyers’ needs.
During the lectures of the subject the students get knowledge of following terms and its meaning: IAS, IFRS, GAAP, balance principle, the system of accounts, duality and reconciliation, synthetic and analytical accounts, inventory, pricing, costs and revenues, results of operations, financial accounting and management accounting, generally accepted accounting principles, fixed assets, inventories, financial accounts, payables and receivables , capital accounts, revenues and expenses, closing accounts, financial statements, interpretation of financial statements.