Business Simulation

Scholar Year: 2018/2019 - 2S

Courses

Head Teacher Responsability Ana Bela de Sousa Delicado Teixeira Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 0 Lectures Type Teacher Classes Hours Laboratories Totals 1 0,00

Teaching language

Portuguese

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

In the scope of integration and application of the knowledge acquired during the course, in the course of Business Simulation, will be carried out in virtual companies related in a virtual market and reflecting the characteristics and obligations of the real market, tasks that allow, compliance with legal and tax obligations, as well as, the representation of the company in acts of inspection and audit. To this end, technical means will be used, namely at the hardware level and at the software and Office level, such as the Accounting program Sage Next and On-line Bank.

Syllabus

In an integrated way as foreseen in the objectives, for example, we highlight some of the activities developed:
• Procedures for the creation of Companies and their respective accounting records of activity opening;
• Capital increases;
• Profit distribution;
• Creation of Reserves;
• Purchases of raw materials, goods and services; Stock management;
• Subcontracting;
• Work contracts; employee files, salary processing and all procedures related to Social Security;
• Life insurance contracts, car accident insurance, etc .;
• Leasing contracts and short, medium and long-term bank financing;
• Subscription of units of investment funds;
• Financial investments in shares and bonds;
• Preparation of documents, delivery notes, invoices to customers, order notes to suppliers, entry guides, invoices of the Commercial Center.
• Classification of the cash flows for preparation of the Statement of Cash Flows;
• Allocation of expenses for the respective functions, for preparation of the Income Statement by Functions;
• Bank transfers at Banco On-Line;
• Tax procedures and accounting record of: VAT, IRC, IRS, Stamp Tax;
• Elaboration of the Fiscal Dossier;
• Accountability;
• Implementation of the annual economic and financial plan;
• Management of the company's treasury, negotiating and controlling the terms of receipt and payment;
• Evaluation of the investment decision and evaluation of the medium and long-term financing decision;
• Hiring of financial investments, to monetize excess cash;
• Financial control over the initial budget;
• Economic and financial analysis in the context of annual reports and accounts (mid-term and annual);
• Negotiation of financing instruments to cover cash deficits.

Demonstration of the syllabus coherence with the UC intended learning outcomes

Provide a practical overview of organizational activities.
• Develop an ethical experience in the profession.
• Consolidate the ability to decide, work in groups and self-assess.
• Reinforce integrated training.
• Consolidate knowledge in the areas of Financial and Analytical Accounting, Auditing, Taxation and Finance.

Teaching methodologies

Theoretical-practical classes: Analysis and discussion and resolution of problems, monitoring and development of the works; preparation of reports, presentation and discussion of the documents of Accountability, before a jury.

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

Reinforce integrated training;
• Strengthen the capacity of time management;
• Apply and consolidate knowledge acquired throughout the Course;
• Provide a practical view of the profession;
• Increase the ability to work in groups;
• Incentive to research;
• Strengthen knowledge for reporting;
• Increase self-evaluation capacity.

Assessment methodologies and evidences

Continuous evaluation
The assessment of knowledge is carried out in Continuous Evaluation. Any student who obtains a Final Mark (NF) equal to or greater than 10 values, resulting from the application of the following formula, is approved:

NF = 10% F I + 35% F II + 35% F III + 20% AO

On what:
F I = Phase I (Report 60%, Continuous Evaluation 40%);
F II = Phase II (Report 50%, Continuous Evaluation 50%);
F III = Phase III (Report 40%, Continuous Evaluation 60%);
AO = Oral Presentation.

In the process of continuous evaluation can occur:
- Individual or corporate audits. The individual audits are disclosed by the head of the curricular unit, with prior notice; All audits (individual or company) will be carried out by the teachers designated by the responsible of the CU and will give rise to a score of 0 to 20 values ​​that will have in the final note of the phase, the weighting defined and presented, at the beginning of the curricular unit, relatively evaluation.
- Any company can also be audited at any time by one of the teachers affected by the Business Simulation, without prior notice and during the period of work in the room. Such audits may cover all accounting, tax, legal or other aspects. The audit result (scored 0-20) will also be part of the ongoing assessment according to the weighting assigned in the phase;

It also provides for the phased delivery of three reports as well as an Oral Presentation, of which we present the minimum requirements.

Bibliography

• ALMEIDA, Rui M. P., DIAS, Ana Isabel e CARVALHO, Fernando (2010), SNC Explicado, 2ª Edição, ATF – Edições Técnicas.
• ALMEIDA, Rui, ALMEIDA, Maria do Céu, DIAS, Ana, ALBUQUERQUE, Fábio, CARVALHO, Fernando e PINHEIRO, Pedro, (2010), SNC – Casos Práticos e Exercícios Resolvidos, Volume 1 e 2, ATF – Edições Técnicas.
• BORGES, António; RODRIGUES, Azevedo e RODRIGUES Rogério (2010); Elementos Contabilidade Geral, 25ª Edição. Lisboa, Áreas Editora.
• CAIADO, António e GIL, Primavera (2000), A Demonstração dos Fluxos de Caixa, Lisboa, Vislis Editores, Lda.
• CAIADO, António Pires (2011); Contabilidade Analítica e de Gestão; Áreas Editora, 6ª Edição.
• CAIADO, António e MADEIRA, Paulo Jorge (2008), O Encerramento de Contas na perspectiva contabilístico-fiscal, 4ª Edição Lisboa, Áreas Editora.
• COSTA, Carlos Baptista da, (2010), Auditoria Financeira Teoria & Prática, 9ª edição, Lisboa, Editora Rei dos Livros.
• Códigos do IVA, do IRS e IRC.
• Código das Sociedades Comerciais.
• Decreto Regulamentar nº 25/2009, de 14 de Setembro.
• EUSÉBIO, Pires da Silva, SILVA, José Luís Miguel da, JESUS, Tânia Alves de e SILVA, Ana Cristina Pires da (2011), SNC Contabilidade Financeiras Casos Práticos Tomo I e II, 2ª Edição, Lisboa, Editora Rei dos Livros.
• International Accounting Standards Board (IASB), (2006), Documentos disponíveis em http:// www.cnc.min-financas.pt:
• IAS 1, Apresentação de demonstrações financeiras
• IAS 2, Inventários
• IAS 8, Políticas contabilísticas, Alterações nas estimativas contabilísticas e erros
• IAS 34, Relato Financeiro Intercalar
• IAS 40, Propriedades de Investimento
• MORAIS, Ana Isabel e LOURENÇO, Isabel Costa (2005), Aplicação das Normas do IASB em Portugal, Lisboa, Publisher Team.
• NEVES, João Carvalho; (2000) Análise Financeira Métodos e Técnicas; Texto Editora. Volumes I e II.
• PIRES, Jorge e GOMES, João (2010), SNC – Sistema de Normalização Contabilística - Teoria e Prática, Lisboa, Vida Económica.
• SILVA, Eduardo Sá (2004), Normas Internacionais de Contabilidade, Vida Económica, Porto.
• Sistema de Normalização Contabilística (SNC): Decreto-Lei nº 158/2009, de 13 de julho;