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Presentation
Presentation
The Financial Accounting I course aims to provide students with a solid understanding of the theoretical and practical foundations of accounting, based on the Sistema de Normalização Contabilística (SNC – Portuguese Accounting Standardisation System). Its inclusion in the curriculum is justified by the structuring role that this subject plays within the broader programme of the Management degree. Accordingly, its main objective is to equip students with the critical thinking skills and operational ability to apply accounting tools, which are essential for the qualified practice of the profession.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Bachelor | Semestral | 4
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Year | Nature | Language
Year | Nature | Language
2 | Mandatory | Português
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Code
Code
ULP6623-6531
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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Syllabus
Syllabus
1. Fundamentals of Financial Accounting 1.1. Economic activity and accounting 1.2. The company and the economic cycle 1.3. Accounting as a management tool for businesses 1.4. Objectives and relevance of financial information 1.5. Accounting standardisation 2. Financial Statements 2.1. Structure and content of financial statements 2.2. Interrelationship between financial statements 3. Cash and Cash Equivalents 4. Purchases and Other Transactions with Suppliers 5. Sales and Other Transactions with Customers 6. Value Added Tax (VAT) 7. Inventories and Biological Assets
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Objectives
Objectives
By the end of the course, students should be able to: LO1. Understand the role of financial accounting as a structured system of economic and financial information. LO2. Understand and interpret the national and international accounting frameworks. LO3. Apply fundamental accounting concepts to the analysis of business transactions, assessing their impact on the basic accounting equation and on the accounting recording system. LO4. Read, interpret, and prepare financial statements. LO5. Assess and apply recognition, measurement, and presentation criteria in accordance with the applicable accounting standards. LO6. Develop analytical and operational skills essential for accounting practice, integrating technical reasoning, critical thinking, and formal rigour in solving real-world financial accounting problems.
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Teaching methodologies and assessment
Teaching methodologies and assessment
Problem-Based Learning (PBL): Students work in small groups to solve realistic accounting problems, fostering the practical application of concepts, critical reasoning, and collaborative learning. Interactive Case Studies: Analysis of real or simulated cases involving national and international companies, using financial statements and decision-making scenarios to strengthen the link between theory and practice. Gamification: Use of accounting challenges (e.g., quizzes with scoring systems) to enhance student motivation and reinforce the consolidation of knowledge. Digital Accounting Simulations: Use of software or accounting simulation platforms that allow students to practise recording transactions and preparing financial statements in a virtual environment.
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References
References
Borges, A., Rodrigues, R., Rodrigues, A., & Rodrigues, A. (2021). Elementos de contabilidade geral (27.ª ed.). Áreas Editora. Nabais, C., & Nabais, F. (2021). Prática contabilística (7.ª ed.). Lidel. Rodrigues, J. (2024). Sistema de normalização contabilística explicado (9.ª ed.). Porto Editora.
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Office Hours
Office Hours
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Mobility
Mobility
No
