Financial Accounting

Recommended Prerequisites

n.a.

Teaching Methods

Presentation of the fundamental theoretical contents. Consulting and analysis of most of the norms included in the ANS. The presentation of the main concepts is accompanied by a discussion of individual cases illustrative of the options included in the ANS. It is intended that students apply the knowledge acquired in the discussion of case studies.

In this course unit, assessment includes the standard regime: final examination according to FEUC’s normal rules.

Learning Outcomes

Financial Accounting (FA) course unit has as its main objective to provide an up-to-date and rigorous training, allowing students a good theoretical and practical command of the latest standards in the accounting field. In view of the recent entry into force of the Portuguese Accounting Normalization System (ANS), this course unit aims at standardizing the academic and professional competencies of students with different levels of knowledge.

FA course unit will seek to describe the accounting harmonization process in recent decades, in conjunction with the reforms that have taken place at European and international level, in order to ensure the comparability of financial information between all entities. Thus, it seeks to give a deep knowledge on ANS conceptual structure and, at the same time, to deepen some accounting subjects concerning the activity’s periodization in the context of the ANS and the IFRS/IAS. It is also important to present some special cases within the ANS.

Work Placement(s)

No

Syllabus

I. Accounting harmonization

1. IASB

2. IASB-EU

3. ANS

II. ANS conceptual structure

1. Users and information needs

2. Objectives of financial statements (FS)

3. Assumptions underlying the preparation of FS

4. Qualitative characteristics of financial reporting

5. Definition, recognition and measurement of FS elements

6. The concepts of capital and capital maintenance

III. Some accounting operations in the context of ANS and IFRS/IAS

1. Accruals and deferrals

2. Revaluation model

3. Policies for depreciation/amortization and impairments

4. Fair value model

5. Changes in foreign exchange rates

6. Provisions and contingencies

7. Income taxes

8. Corrections of prior period errors and changes in accounting estimates and policies

9. Events after the balance sheet date

IV. Special cases

Head Lecturer(s)

Ana Maria Gomes Rodrigues

Assessment Methods

Continuous
Individual work: 40.0%
Test: 60.0%

Final
Exam: 100.0%

Bibliography

Borges, António et al., Elementos de Contabilidade Geral. Áreas Editora, 2010.

Gomes, João e Pires, Jorge, Sistema de Normalização Contabilística - Teoria e Prática. Vida Económica, 4ª Ed., 2011.

Martins, António (2010), Justo valor e Imparidade em Activos Fixos Tangíveis e Intangíveis – Aspectos Financeiros,

Contabilísticos e Fiscais, Almedina.

Rodrigues, Ana M. (2011), “Activos Intangíveis - Algumas Reflexões Contabilísticas e Fiscais”, Estudos em memória do Prof. Doutor J. L.Saldanha Sanches. Coimbra, 2011.

Rodrigues, Ana M. (2011), “Justo Valor - uma Perspectiva Crítica e Multidisciplinar”, Miscelâneas, do Instituto de Direito das Empresas e do Trabalho, da Faculdade de Direito de Coimbra.

Rodrigues, Ana Maria; CARVALHO, Carla; Cravo, Domingos e Azevedo, Graça, SNC - Contabilidade Financeira – Sua aplicação, 2.ª Ed., Coimbra, Almedina, 2011.

Rodrigues, Ana Maria (Coord.), SNC − Sistema de Normalização Contabilística, Almedina, 2010 (com CD incluído das NIC/NIRF).