Financial Accounting
Code
1201
Academic unit
null
Department
null
Credits
7,5
Teacher in charge
Rui Caeiro Augusto, João Filipe e Carlos Cardoso
Teaching language
Portuguese and English
Objectives
The main objectives of the course are:
1. The concepts and the accounting method
2. National and international accounting standards
3. The main financial statements
4. The meaning and interpretation of the elements of financial statements
5. Analyze the economic and financial situation of a company
Prerequisites
Subject matter
1. The objectives of financial accounting, focusing on their use by entities outside the company
2. The accounting method
3. The impact of accounting transactions in the financial statements of the company
4. The main accounting standards on a national and international perspective
5. The conceptual framework of the financial demonstrations
6. The balance sheet, income statement and statement of cash flows
7. Recognition and measurement of income statement elements: costs and revenues.
8. Recognition and measurement of balance sheet elements: current and non-current assets, current and non-current liabilities and equity.
9. Calculation and interpretation of economic and financial ratios
Bibliography
?Weygandt, Kimmel and Kieso (2015), Financial Accounting: IFRS, 3rd edition, John Wiley & Sons
?Short, Libby and Libby (2011), Financial Accounting ? A global perspective, 7th edition, McGraw Hill
?International Accounting Standards (IAS/IFRS)
Teaching method
The course comprises both lectures and tutorials. Lectures focus the theoretical aspects of each topic and its applications to real life situations; PowerPoint handouts are provided to students. Tutorials are based on exercises and case discussions in order to provide a practical application of financial accounting concepts, tools and practices.
Evaluation method
i.A midterm held between the fourth and seventh week of classes (20%)
ii.A midterm conducted between the ninth and the last week of classes (20%)
iii.The final exam (55%)
iv.Class participation (5%)
NB:
?Class participation assessment is based on the active contribution of students and their attendance to the tutorials.
?To pass the course, students must get at least 9.0 (over 20) in the final exam.