Financial Accounting I

Presentation

Financial accounting aims to identify, menu and report financial information that is useful to support the decisions of users of financial information. It is a curricular unit belonging to the scientific area of accounting.

Part of this Programme

Business Management

Level of Qualification|Semesters|ECTS

| Semestral | 6

Year | Type of course unit | Language

1 |Mandatory |Português

Code

ULHT72-4578

Recommended complementary curricular units

Not required

Prerequisites and co-requisites

n/a

Professional Internship

Não

Syllabus

1. Introduction to accounting: evolution of accounting thinking

2. Accounting Harmonization

3. National and International Conceptual Structure

4. Accounting Information System

5. Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement, Statement of Changes in Equity,  Appendix

6. Revenue and Debts Receivable

7. Current Liabilities

8. Cash and other means of payment

Objectives

·         Understand what is intended for financial accounting and how to report accounting information.

·         Understand and understand the national and international accounting framework and fundamental accounting concepts.

·         Analyze and describe the effect of business decisions and transactions on the fundamental accounting equation.

·         Understand the structure and content of the financial statements and how they are prepared.

·         Understand the particular criteria for applying accounting standards.

Teaching methodologies and assessment

During the classes the student should develop skills in accordance with the stated objectives, and for this purpose the use of the following methodologies in the teaching / learning process:

a) The expository, through the presentation of fundamental theoretical concepts using examples.

b)  Participatory, through the analysis, discussion and resolution of application exercises and case studies.

c)  Activates through tests, individual sheets, group work and optional exercises.

d) Self study through the student's autonomous work.Evaluation Methodology:Students can choose from two forms of assessment:

1. Continuous assessment:The. 5% stake; Chips 15%;  Intermediate Test: 40%;  Final test: 40%

2. Assessment by final exam: 100%

References

• Libby, R., Libby, P., Short, D. (2016), Financial Accounting, Global Edition, EUA, McGraw-Hill.
• Lourenço et. al., 2015, Fundamentos de Contabilidade Financeira: teoria e casos. Edições Sílabo.
• Sistema de Normalização Contabilístico (SNC) (2015).

Office Hours