Financial Reporting II

Scholar Year: 2023/2024 - 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 Fernando Coelho   2,00

Teaching language

Portuguese

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

• To discuss accounting role;
• To explain the impact of accounting principles acceptance;
• To proceed with accounting records in accordance with national and international standards, relative to the operations and facts of an organization;
• To interpret financial statements;
• To understand financial information usefulness, advantages and limitations;
• To understand and interpret the appropriate legislation (IAS, IFRS´s, NCRF’s....);
• To analyse the problem of revenue recognition and disclosure.

Syllabus

1. INTRODUCTION
2. THE FINANCIAL INFORMATION
3. THE FINANCIAL STATEMENTS
4. MEASUREMENT AND INFORMATION DISCLOSURE
5. INTERIM FINANCIAL REPORT
6. SEGMENT REPORTING
7. GROUP REPORT
8. INTRACOMUNITARY VAT

Software

Não usa software específico

Demonstration of the syllabus coherence with the UC intended learning outcomes

(1) Understand the concepts and assumptions related to the financial statements and its usefulness, advantages and limitations.
(2) Analyse the problem of revenue recognition and disclosure
(3) Understand the typology of incomes
(4) Understand the process and objectives of compulsory and voluntary information disclosure.
Contents are consistent with the curricular unit objectives, as they correspond systematically to those objectives.

Teaching methodologies

The UC will be operationalized through active learning methodologies, namely: expository method, for the introduction of the theoretical concepts and the participatory method for the reflection on the contents and for the resolution of problems.

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

There are theoretical and practical classes. However, in every theoretical class a space is created for theoretical contents application. The lecture method is used to introduce the theoretical concepts regarding the accounting conceptual framework and the participatory method for reflection on the various situations and operations related to the accounting standards being studied. These methods are also used in problem solving and discussing cases, encouraging interaction with real situations.
The individual mini-test and test seek to measure the capacity for themes reflection and exposition; and the level of knowledge obtained about them and respective practical articulation.

Assessment methodologies and evidences

The assessment can be carried out by two assessment processes: (i) Continuous Assessment and (ii) Assessment by Exam. Continuous Assessment is the process aimed primarily at students who have attended school activities. Exam evaluation is the evaluation process for students who have not taken or have not passed the continuous evaluation.
The elements of continuous assessment will be: 1 written test and 1 group work.
The elements of assessment by exam will be: 1 written test.
The evaluation of knowledge is made through written tests/exams and a group work. 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 and through the group work.

Attendance system

N/A

Assement and Attendance registers

Main Bibliography