ACCOUNTING

Introduction to accounting. The subject matter, the structure and functions of company information system. Rules of accounting in the Slovak Republic and the IAS. The balancing principle in accounting. Bookkeeping documents, accounting records and books. Double-entry principle in accounting. Accounting for the balance sheet accounts and delivery. Non-current assets (NCA). Classification, valuation and accounting of NCA. Depreciation of NCA, disposal of NCA, acquisition cost, the adjustments to the NCA. Classification, valuation and accounting of inventories. The acquisition of the stock. Adjustments to the inventory. Inventory differences.Claim. Adjustments to the inventory. Financial accounts, cash and valuables, the accounts in the banks of the unit, short term bank loans. Adjustments to short-term financial assets.Clearing relationships. Receivables and liabilities of the business relations, settlements with employees, social security and health insurance. Capital accounts and long-term liabilities, equity, foreign sources. The breakdown of the costs and revenues, costs and revenues from business activity, financial costs and revenues, extraordinary costs and revenues, income taxes. Closing of accounts and balance sheet accounts, the annual closing of accounts. Basic concepts of the single-entry accounting, accounting books, accounts in single-entry accounting.