Accountancy

Scholar Year: 2015/2016 - 1S

Instance: 2015/2016 - 1S

Courses

Docência - Horas Theoretical: 1 Practices: 2 Type Teacher Classes Hours Theoretical Totals 1 1,00 Practices Totals 1 2,00 Ana Damião   2,00

Docência - Responsabilidades Teacher Responsability Pedro Nuno Coelho Palhão Bicho Pardal Head

Teaching weeks:

15

Teaching language

English

Objetivos de aprendizagem

The course focuses on financial accounting basic principles and aims to provide students the necessary skills to understand and use accounting as an information system. Especially the objectives are:
•To discuss the role of Accounting;
•To know and understand Accounting methods and procedures;
•To understand Accounting reporting.

Contents

1. ACCOUNTING AS A MANAGEMENT SUBSYSTEM
1.1 Accounting evolution as a management tool;
1.2 The importance of accounting information for Decision Making;
1.3 The Company flow analysis.

2. FUNDAMENTAL CONCEPTS
2.1 Accounting: definition, division and purpose;
2.2 Accounting as a measurement and communication system;
2.3 The Fundamental Accounting Equation.

3. ACCOUNTING ENTRY
3.1 The Accounting entry: definition, classification and representation;
3.2 Accounts characterization;
3.3 Entry accounting methods;
3.4 Entry accounting: concept and species.

4. SUMMARY OF ACCOUNTING DOCUMENTS
4.1 The Balance Sheet: concept and classification;
4.2 The Income Statement: definition and classification.

5. INTERNATIONAL ACCOUNTING STANDARDS
5.1 IAS 1 – Presentation of Financial Statements
5.2 IAS 2 – Inventories
5.3 IAS 7 – Cash Flows Statement
5.4 IAS 16 – Property, Plant and Equipment
5.5 IAS 18 – Revenue
5.6 IAS 38 – Intangible Assets

Teaching Procedures

Both theoretical and practice: Introducing theoretical concepts by using the lecturing method and analyzing practical cases by using a participatory approach as well, to improve student’s abilities.

Evaluation Type

Frequency Attainment

Continuous Assessment takes place during the course period and is based on:
- Group Work – minimal grade of 10 (ten) valuing 40% of the final grade– T1
- Individual Test – minimal grade of 10 (ten) valuing 60% of the final grade– T2

Every candidate with grades under than 10 (ten) values will be required to do Examination which will take place during the Examination period.

Final Classification

Continuous Assessment Final Mark = 0,4 x T1+ 0,6 x T2

Examination - An individual written test – minimum grade 10 (ten) values.

Classification Improvement

During the Examination period the student should perform an individual written test.

Main Bibliography