Financial Accounting
Code
1201
Academic unit
null
Department
null
Credits
7,5
Teacher in charge
Maria Jose Caldas; João Filipe
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)
Resources
The course support materials will be available in the moodle website. These materials include the slides presented in classes, a handbook of exercises, and legal documents.
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. In both the regular exam period, and the resit exam period, the final grade is computed using the following weights:
i) First midterm (10%);
ii) Second midterm (15%);
iii) Third midterm (15%);
iv) Exam (55%);
v) 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 a grade of at least 9.5 (out of 20) in the final exam.
If a student misses a midterm with a justification accepted by the Pedagogical Council of the school, the weight of that midterm will be added to the weight of the exam.
If a student gets an exam grade of 10 (out of 20) or more, but the weighted average established in point 1 results in a grade bellow 10, the student will be assigned a final grade of 10.
For grade improvement, the grade will be computed as the maximum between:
- a) The weighted average established in point 1;
- b) 100% exam.
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