(in Polish) Sprawozdawczość finansowa 2600-MRCz1SF
The course provides comprehensive knowledge of the complex aspects of financial and non-financial reporting. The course discusses historical conditions and current changes in accounting. Participants will also learn about international reporting, including International Financial Reporting Standards (IFRS).
The course analyzes the structure and principles of preparing financial statements, their international trends and the principles of determining the financial result, including the overall result. The principles of preparing financial statements of entities conducting business activity as well as public finance sector units or non-governmental organizations will be discussed. General principles of preparing consolidated financial statements will be presented. Emphasis will be placed on determining the financial result in various situations and preparing a statement of beer flows and a statement of changes in equity. The classes will also analyse the legal and organisational conditions for the preparation of the management report, the report on payments to the administration, the income tax report and the sustainability report. With regard to the above-mentioned reports, the legal regulations concerning their examination, attestation and publication will be analyzed. During the course, both during the lecture and exercises, the issues related to the recognition and measurement of assets and liabilities, the determination of revenues and costs and their impact on individual elements of the financial statements will be discussed.
The practical part of the course includes a seminar in which students gain skills in the valuation and presentation of economic events in reports of various types of entities. The balance sheet, the profit and loss account and the cash flow statement will be analysed in particular, as well as additional information prepared in accordance with the Accounting Act, national standards and IFRS/IAS. Reports will be prepared according to various annexes to the Accounting Act for entities conducting service, production and trade activities. Reports of selected units of the public finance sector will be prepared (emphasis on operations specific to this type of units) of non-governmental organizations.
During the exercises during the preparation of financial statements, the principles of recognition and measurement of assets and liabilities, revenues and costs and their impact on individual elements of the financial statements will be implemented in practice, m.in.: Determination of sales revenues and settlement of revenues over time, Recognition and classification of operating expenses, Fixed assets and intangible assets (including leases), Provisions and accruals, active and others,
The course prepares students to independently analyze and apply advanced accounting principles in the process of preparing financial statements, enabling an in-depth understanding of national and international regulations for different types of reporting entities.
Type of course
Learning outcomes
Student after completing the course:
in terms of knowledge:
● is able to implement concepts from the field of financial reporting (K_W01)
● adjusts economic events in the context of accounting principles according to the AA and CRS and international law for relevant items of the financial statements(K_W02)
● explains the categories of items in the report on the problems discussed in class (K_W03)
● describes the rules for determining the financial result, taking into account the specific nature of the entity's operations (K_W04)
in terms of skills:
● identifies information about the circumstances affecting the valuation of assets and liabilities (K_U01)
● explains where the items of the balance sheet and profit and loss account related to internal trade, long-term contracts, leases, provisions, impairment, valuation of fixed assets, leases, provisions in various entities (K_U01) come from
● compares national regulations against the background of legal and operational conditions in the scope discussed in the class (K_U02)
● prepares financial statements of a business entity or a non-governmental organization (K_U02)
● formulates elements of accounting policy in creating a picture of the property and financial situation of an economic entity (K_U06)
● recognises changes in selected aspects of standalone and consolidated reporting in the processes of managing a business entity (K_U09)
● adapts changes in regulations in the scope discussed in class (K_U09)
in the field of social competences:
● discusses ethical dilemmas concerning the issues of recognition, valuation and presentation in the scope discussed in class (K_K05)
Assessment criteria
Lecture: written exam (closed questions) – 40%
Open tasks 60%
This exam will be conducted in the classroom using an electronic platform,
Written tests (including the use of electronic means of communication) - 80%, ongoing verification of the mastered skills (quizzes, group work, activity during classes) - 20%
Bibliography
Accounting Act - text current as of the date of the course and current texts of national accounting standards (CRS 1, 7, 9, 14 and CRS positions)
Tax and balance sheet closing of the year 2024 or 2023, ed. A. Hołda, C.H.Beck 2024, 2023, in particular chapters prepared by K. Trzpioł
J. Turyna, Financial Accounting, ed. fourth, C.H.Beck Publishing House, Warsaw 2014.
Author's materials in electronic form
Complementary:
E.Kalwasińska, D.Maciejowska, Accounting and financial reporting according to the Polish balance sheet law, Wydawnictwo Naukowe WZ Uw, Warsaw 2016 (accessed: sde.wz.uw.edu.pl)
K. Trzpioła Accounting according to the amended regulations of the Accounting Act, IFRS/IAS and tax regulations - practical tips
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: