Financial Accounting I

Scholar Year: 2023/2024 - 1S

Courses

Head Teacher Responsability Francisco José Mendes Leote Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 2 3 Lectures Type Teacher Classes Hours Theoretical Totals 1 2,00 Francisco Leote   2,00 Practices Totals 2 6,00 Bruno Campino   6,00

Teaching language

Portuguese

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

• Discuss the role of accountancy.
• Identify and understand accounting methods and procedures.
• Gain an elementary knowledge of the Portuguese accounting system.
• Perform accounting records relating purchases and sales (with VAT), external services and supplies (with VAT), personnel expenses and external financing.

Syllabus

1. ACCOUNTING AS A MANAGEMENT SUBSYSTEM
2. ACCOUNTING CONCEPTS AND AIMS
3. CAPITAL
4. ACCOUNTING RECORD PROCEDURES
5. PORTUGUESE ACCOUNTING SYSTEM
6. PURCHASES OF ASSETS AND SERVICES
7. SALES, SERVICES RENDERED AND TRANSFERRING ASSETS
8. FINANCING OPERATIONS
9. PAYROLL COSTS
10. VAT DETERMINATION
11. RECONCILIATIONS

Demonstration of the syllabus coherence with the UC intended learning outcomes

The syllabus in conjunction with the objectives of the subject promotes:
1) understanding the role of accounting information in the context of organizational management through the study of accounting in the management subsystem of the concept and aims of accounting;
2) developing skills to understand the principles, methods and concepts of accounting with the learning of the process of accounting records;
3) knowledge on the Portuguese Accounting System with a view to its application in the treatment of transactions.

Teaching methodologies

Theoretical Lessons: Usage of the lecture method, for the introduction of the theoretical concepts and the participative method for reflection and debate on the contents.
Practical Lessons: Usage of the expositive and participative methods for the solutions of exercises.

The evaluation of knowledge is made through written tests/exams, compose of two distinct parts. In this way, the students knowledge is evaluated through the theoretical concepts and situation analysis, on the one hand, and on the other through the solution of practical situations with the support of exercises.

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

Financial Accounting I is the introductory subject to the accountancy study in the Accounting and Finance study plan. As an introductory subject the expositive methodology is appropriate for the theoretical lessons, with power-point, so as to give the students basic knowledge and progressively develop competencies for the resolution of practical problems. Therefore, student participation is promoted by debate and reflection on the themes.
In the practical lessons the participative method which requires individual resolution of practical exercises is used. Furthermore, students and professors participate in class debates as well as professors explaining problem solutions.
As an introductory subject in accounting studies, the evaluation of knowledge is by written tests/exams, and the logic way of evaluating the acquired knowledge by the students throughout the period is through theoretical issues and practical exercises, according to the syllabus taught.

Bibliography

BORGES, António, RODRIGUES Azevedo e RODRIGUES Rogério (2014), Elementos de Contabilidade Geral, 26.ª edição, Lisboa, Áreas Editora.
PIRES, Jorge e GOMES, João (2015); SNC-Sistema de Normalização Contabilística – Teoria e Prática, 5ª edição, Vida Económica
RODRIGUES, João (2016), SNC - Sistema de Normalização Contabilística – Explicado, 6ª edição, Lisboa, Porto Editora.
Sistema de Normalização Contabilística (Decreto-Lei n.º 158/2009, de 13 de Julho; Decreto-Lei n.º 98/2015, de 2 de Junho; Portaria n.º 218/2015, de 23 de Julho; Portaria n.º 220/2015, de 24 de Julho; Aviso n.º 8254/2015, de 29 de Julho; Aviso n.º 8255/2015, de 29 de Julho; Aviso n.º 8256/2015, de 29 de Julho; Aviso n.º 8257/2015, de 29 de Julho; Aviso n.º 8258/2015, de 29 de Julho.