Financial Accounting
Code
1201
Academic unit
null
Department
null
Credits
7,5
Teacher in charge
João Macedo e Ana Marques
Teaching language
Portuguese
Objectives
This introductory course was designed to introduce students to accounting techniques, actual practices, and Portuguese and international accounting regulation. On completion of this course, students will have learnt the accounting technique and will be able to prepare, read, and use the financial reports of a company.
The focus is on abilities to prepare, read and use accounting information in making economic decisions. We briefly refer to the accounting regulation and emphasize flexibility and ethical issues regarding managers´ accounting choice.
Prerequisites
Subject matter
- Objectives, preparers and users of financial information.
- Overview of the international and national accounting regulation.
- Basics of the accounting technique: methodology and conventions.
- Conceptual framework: objectives of financial reporting, assumptions and characteristics, and elements of the financial statements.
- Primary financial statements: statement of financial position, income statement and statement of cash flows, statement of changes in equity, and notes.
- Recognition and measurement of current assets and non current assets; current liabilities and non current liabilities; equity; expenses and revenues.
- Introduction to financial statement analysis based in fundamentals: the use of ratios.
Bibliography
Teaching method
Evaluation method
A. Final individual exam (50%)
B. Two mid term written exams (1st mid term exam: 15%; 2nd mid term exam: 25%):
C. Work on-site during the classes (10%)