Financial Accounting

Code

1201

Academic unit

null

Department

null

Credits

7,5

Teacher in charge

Maria José Caldas

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

N/A

Subject matter

1. The objectives of financial accounting, focusing on their use by entities outside the company
2. The accounting method
3. The accounting conceptual framework
4. The main accounting standards on a national and international perspective
5. The main financial statements: balance sheet, income statement, and statement of cash flows
6. Recognition and measurement of the financial statement elements: current and non-current assets, current and non-current liabilities, equity, expenses, and revenues.
7. Introduction to financial analysis: computation and interpretation of the main 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 is composed of two theoretical and practical classes, in an equal number of hours. The theorists focus on the framing aspects of each topic and their applications for real-life situations. The practical lessons are based on exercises and case discussions to provide a practical application of financial accounting concepts, tools and practices.

During the course the following teaching and learning methods are adopted:

1. Expositive, with presentation of theoretical frames of reference;

2. Participatory, with analysis and resolution of cases and application problems;

3. Active, with individual works;

4. Self-study, related to the student´s autonomous work, as contemplated in class planning.

These methods aim to develop the students´ main learning skills that allow them to fulfill each of the learning objectives described above.

Evaluation method

1. At the normal examination time and at the time of the resource examination the final mark is calculated using the following weightings:

I. First intermediate test (20%);

II. Second intermediate test (25%);

III. Final examination (50%);

IV. Participation in class (5%).

Grades:

The evaluation of the participation in the classes is based on the assiduity and the active contribution of the students in the same ones.

For passing the course, students must obtain at least 9.5 (out of 20) in the final exam.

If there is a student who has a justified absence on one of the tests, he or she will have to take an extra group in the final exam and this group will have the same weighting in the final grade of the test that was missing.

If there is a student that obtains a classification in the final exam of 10 or more but whose weighted average results in a final average of less than 10, it will obtain the final classification of 10.

For students who are doing grade improvement, the final grade in the course corresponds to the higher of the two classifications:

a. the classification obtained through the assessment scheme described in point 1;

b. Classification obtained through the final exam only.

Courses

• Bachelor in Management
• Bachelor in Economics