Financial Accounting 2017/2018
- 5 ECTS
- Taught in Portuguese
- Continuous 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.
Expository methodology and guided problem solving in order to promote the active learning of students by means of demonstration.
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.
Material provided by the lecturers.
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
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, 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.
|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|