Financial Accounting

Recommended Prerequisites

General knowledge on Financial Accounting is recommended.

Teaching Methods

The course works in theoretical-practical lectures, combining an expositive approach of more theoretical matters (complemented when appropriate, by illustrative examples), with discussion and resolution of case studies and exercises in more practical classes. The research essay is developed along the semester, under supervision of the professor.

All supporting materials (with the exception of books and legal regulations) are made available in the respective page in NÓNIO platform.

Learning Outcomes

This curricular unit aims to provide current and rigorous training, allowing the students to have an advanced theoretical and practical knowledge of the most recent standards in the business financial accounting area. One search for standardizing the academic and professional competences of students with different levels of knowledge, taking into account the Accounting Standardization System (SNC). It characterizes the process of accounting harmonization in the last decades, in conjunction with the reforms at international and European level (IASB-UE), taking into account the adoption of a single accounting model, particularly aimed at responding to the information needs of financial markets investors, in order to ensure comparability between all entities. It is sought to deepen the conceptual structure, as well as some accounting themes inherent to the periodization of the activity in the context of the SNC and the IFRSs/NICs, making known some specific cases.

Work Placement(s)

No

Syllabus

I. The Accounting Harmonization Process

II. The SNC Conceptual Framework

1. Users and information needs

2. Objectives of the financial statements (DF)

3. Qualitative characteristics of financial information

4. Definition, recognition and measurement of DF elements

III. Deepening some accounting operations in the context of the SNC and IFRSs/NICs

1.Accruals and deferrals

2. Revaluation model – Tangible and Intangible Fixed Assets

3. Depreciation / amortization and impairment

4. Fair value model – Investment Properties; Biological Assets and Financial Instruments

5. Changes in exchange rates

6. Provisions and contingencies

7. Income taxes

8. Corrections of errors of previous periods and changes of estimates and of accounting policies

9. Events after the balance sheet date

IV. Special Cases

1. Environmental Matters

2. Construction Contracts

3. Government Grants and Disclosure of Government Support.

Head Lecturer(s)

Liliana Marques Pimentel

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

Almeida, R. M. P., et al., 3ª edição (2013), SNC – Casos Práticos e Exercícios Resolvidos. ATF Edições Técnicas.

Martins, A. (2010), Justo valor e Imparidade em Activos Fixos Tangíveis e Intangíveis – Aspectos Financeiros, Contabilísticos e Fiscais. Almedina.

Penman, S. H. (2007), Financial Statement Analysis and Security Valuation. McGraw-Hill.

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

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

Rodrigues, A. M., Carvalho, C., Cravo, D., Azevedo, G., 2ª edição (2011), SNC – Contabilidade Financeira – Sua aplicação. Almedina.

Rodrigues, A. M. (2017), SNC − Sistema de Normalização Contabilística, Almedina.

Schroeder, R. G.,Clark, M. W.,Cathey,J. M.(2005), Financial Accounting Theory and Analysis. Wiley.