Financial Reporting II

Scholar Year: 2018/2019 - 1S

Courses

Head Teacher Responsability Paulo José Rodrigues da Costa Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 2 2 Lectures Type Teacher Classes Hours Theoretical Totals 1 2,00 Paulo Costa   2,00 Practices Totals 1 2,00 Maria Henriques   2,00

Teaching language

Portuguese

Intended learning outcomes (Knowledges, skills and competencies to be developed by the students)

• Understand the concepts and fundamentals related to the financial statements and their usefulness, advantages and limitations.
• Analyze the problem of recognition and disclosure of revenues.
• Understand the typology of results.
• Understand the process and objectives of disclosure of mandatory and voluntary financial information.

Syllabus

1. INTRODUCTION

2. THE FINANCIAL INFORMATION
2.1. Introduction
2.2. The Utility Paradigm
2.3. Users of financial information
2.4. The objectives of the financial information
2.5. The qualitative characteristics of financial information
2.6. The accounting principles and assumptions

3. THE FINANCIAL STATEMENTS
3.1 Introduction
3.2 Statement of Financial Position
3.3 Statement of Income and Other Comprehensive Income
3.4 Statement of Changes in Equity
3.5 Notes
3.6 Statement of Cash Flows

4. MEASUREMENT AND INFORMATION DISCLOSURE
4.1 Introduction
4.2 Cost Flow Methods and LCM
4.3 Fair value method and other measurement methods
4.4 Disclosure of information on intellectual capital
4.5 Disclosure of Business Risk Information

5. INTERIM FINANCIAL REPORT
5.1 Introduction
5.2 The Interim Financial Reporting in accordance with IAS 34

6. SEGMENT REPORTING
6.1 Introduction
6.2 Financial Reporting by Segment

7. GROUP REPORT
7.1 Introduction
7.2 Effect of acquisition on the consolidated financial statements
7.3 Goodwill on Acquisition

Software

Não usa software específico

Demonstration of the syllabus coherence with the UC intended learning outcomes

The objectives of the curricular unit are:
• Understand the concepts and fundamentals related to the financial statements and their usefulness, advantages and limitations.
• Analyze the problem of recognition and disclosure of revenues.
• Understand the typology of results.
• Understand the process and objectives of disclosure of mandatory and voluntary financial information.

The syllabus contents are coherent with the objectives of the curricular unit, since they obey systematically to these same objectives.

Teaching methodologies

We use the lecture method for introduction of theoretical concepts and participatory approach for the reflection on the contents. These two methods are also used in solving exercises and discussing cases.

Demonstration of the teaching methodologies coherence with the curricular unit's intended learning outcomes

There are lectures and practical classes. However, in all theoretical classes a space of application of the contents is created. The expository method is used to introduce the theoretical concepts related to the conceptual structure of accounting and the participatory method to reflect on the different situations and operations related to the norms being studied. These methods are also used in the resolution of exercises and discussion of cases, in order to try interactivity and seeking to relate to real events.
Through the presentation and discussion of a group work, aiming to assess the information content of the Reports and Accounts of companies and the test seeks to assess the ability to reflect and expose the topics and the level of knowledge acquired about them and their articulation practice.

Assessment methodologies and evidences

The evaluation comprises a team work and an individual written test.
Final grade = 30% of work grade + 70% of test grade

Attendance system

N/A

Main Bibliography