Financial Accounting 2017/2018
- 5 ECTS
- Taught in Portuguese
- Both continuous and final Assessment
- relevant skillset
In a perspective of continuity of General Accounting, this unit aims to deepen the concepts, tools and techniques of financial accounting underlying the preparation and disclosure of accounting information following the national Accounting Standards (SNC- Sistema de Normalização Contabilística). Particularly, upon successful completion of this curricular unit, the student should be able to:
1. Know, understand and record the major forms of investment and corporate finance;
2. Know the taxing framework underlying income tax in the business context, while handling it from an accounting perspective;
3. Know, understand and develop the main operations underlying accountability to the various stakeholders;
4. Analyze business situations with a view to identifying and recording all necessary regularizations, as well as to performing the accounting year-end closure.
Theoretical and practical methodology in order to promote the active learning of students by means of demonstration:
- Before each class is taught, students are provided (through the Moodle e-learning platform) with the underlying material so they come to the lesson having got previously acquainted with the topics;
- While at class, the lecturer provides a theoretical explanation of the topics, based on cases that simulate the accounting related problems, thereby promoting a natural fusion between theory and practice.
In the context of self-study, students are asked to solve an additional set of exercises selected by the teacher.
The described methodology is complemented by practice with Primavera software.
Body of Work
1. CAPITAL, RESERVES AND RETAINED EARNINGS
2. INCOME TAX
4. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
5. YEAR-END OPERATIONS
6. FINANCIAL INVESTMENTS
Borges, A., Rodrigues, A., e Rodrigues, R. (2014). Elementos de Contabilidade Geral (26ª edição). Áreas Editora.
Gonçalves, C., Santos, D., Rodrigo, J. & Fernandes, S. (2015). Contabilidade Financeira Explicada- Manual Prático. Vida Económica.
Rodrigues, João (2015). Sistema de Normalização Contabilística – SNC Explicado (5.ª edição). Porto Editora.
Comissão de Normalização Contabilística, available at http://www.cnc.min-financas.pt
Material provided by the lecturer.
Costa, C.B. & Alves, G.C. (2013). Contabilidade Financeira (8ª edição). Lisboa: Rei dos Livros.
Cravo, D., Grenha, C., Batista, L. & Pontes, S. (2009). SNC Comentado. Lisboa: Texto Editores.
Monteiro, S. M.S. (2013). Manual de Contabilidade Financeira. Porto: Grupo Editorial Vida Económica.
1 Introduction of Lecturer and Unit /Capital, Reserves and Retained Earnings
2 Capital, Reserves and Retained Earnings
3 Capital, Reserves and Retained Earnings
4 Capital, Reserves and Retained Earnings
5 Corporate Tax
6 Corporate Tax
8 Provisions, Contingent Liabilities and Contingent Assets
9 Year-End Operations
10 Year-End Operations
11 Year-End Operations
12 Year-End Operations
13 Year-End Operations
14 Financial Investments
15 Financial Investments
Demonstration of the syllabus coherence with the curricular unit's objectives
The syllabus of the course is tailored to meet its objectives, being developed in accordance with the desired learning progress. In particular, objective 1 (“Know, understand and record the major forms of investment and corporate finance”) is promoted by sections 1 and 6 in the syllabus (1. Capital, Reserves and Retained Earnings; 6. Financial Investments). Objective 2 (“Know the taxing framework underlying income tax in the business context, while handling it from an accounting perspective”) relates to section 2 (Income Tax). Last but not least, syllabus points 3 to 5 (3. Impairment; 4. Provisions, Contingent Liabilities and Contingent Assets; 5. Year-end Operations) allow achieving both the third and fourth learning objectives concerning the year-end and accountability.
Demonstration of the teaching methodologies coherence with the curricular unit's objectives
Given the prominently quantitative and technical nature of the course, all learning objectives are pursued through a methodology of theoretical and practical teaching. Thus, for all the points included in the syllabus, while at class the lecturer provides a theoretical explanation of the topics, invariably based upon relevant practical examples. Emphasis is placed on analysis / resolution of myriad examples at class due to the excellent opportunity they provide for illustration of the theoretical postulates. Students are further assigned exercises for self-study, in order to consolidate knowledge. The upfront access to the classes underlying material allows students to come to lessons having got previously acquainted with the topics, bringing in matured questions that are positively welcomed and clarified during class time. The last learning objective (performing the accounting year-end closure) is also promoted by practice with Primavera Software.
|relevant generic skill||improved?||assessed?|
|Achieving practical application of theoretical knowledge||Yes||Yes|
|Adapting to new situations||Yes||Yes|
|Analytical and synthetic skills||Yes||Yes|
|Commitment to effectiveness||Yes||Yes|
|Commitment to quality||Yes||Yes|
|Ethical and responsible behaviour||Yes|
|Information and learning management||Yes||Yes|
|Problem Analysis and Assessment||Yes||Yes|
|Written and verbal communications skills||Yes|