Financial Accounting II

Year
2
Academic year
2019-2020
Code
01620049
Subject Area
Management
Language of Instruction
Portuguese
Mode of Delivery
Face-to-face
Duration
SEMESTRIAL
ECTS Credits
6.0
Type
Compulsory
Level
1st Cycle Studies

Recommended Prerequisites

Students must have successfully completed the curricular unit of Financial Accounting I.

Teaching Methods

Lectures are essentially expositive, supported when appropriate by illustrative examples on several topics, in order to encourage interest and discussion by the students.

Classes will develop from a set of practical cases, particularly suitable to complement matters addressed in lectures.

Learning Outcomes

objectives

One seek for students to apply the instruments obtained in the curricular unit Financial Accounting I, whilst they deepen the knowledge about the system of preparing and disclosing accounting information, indispensable to support decision making by financial statements users.

Specific objectives

Students must: understand the standards framework concerning current, investment cycle and financing cycle operations; apprehend a few doctrinal and normative issues underlying the equity; and prepare and comprehend the synthesis financial statements.

Generic competencies

One will seek to transmit a solid preparation in core areas of Financial Accounting, in connection with legal-accounting issues that might be associated.

Specific competencies

Students must be able to frame the main operations within the respective cycles of an economic entity, relating them with the financial statements where they must be reflected and reported

Work Placement(s)

No

Syllabus

I. OPERATION CYCLES IN AN ECONOMIC ENTITY

II. CURRENT OPERATIONS CYCLE

  1. Financial assets – cash and cash equivalents – NCRF 27
  2. Inventories and biological assets – NCRF 18 and NCRF 17
  3. Receivables – Clients and Other receivables – NCRF 27
  4. Financial liabilities – payables – NCRF 27

III. INVESTMENT CYCLE OPERATIONS

  1. Tangible fixed assets – NCRF 7 and NCRF 12
  2. Intangible assets – NCRF 6 and NCRF 12
  3. Investment properties – NCRF 11
  4. Financial Investments – NCRF 27
  5. Expenses, Revenues, Prepayments and Income – NCRF 20 and CF

IV. FINANCING CYCLE OPERATIONS

  1. Equity – NCRF 27 and Companies Law
  2. Liabilities – NCRF 20, NCRF 19 and NCRF 27

V. FINANCIAL STATEMENTS – NCRF 1 and NCRF 2

  1. Year-end operations
  2. Balance Sheet (Financial Position Statement)
  3. Operating Statement: by natures and by functions
  4. Cash Flow Statement

Notes

Head Lecturer(s)

Susana Margarida Faustino Jorge

Assessment Methods

Continuous assessment
Two mid-term exams: 100.0%

Final assessment
Final exam : 100.0%

Bibliography

BORGES, António; RODRIGUES, Azevedo; RODRIGUES, Rogério – Elementos de Contabilidade Geral. 25ª ed.(de acordo com o SNC). Lisboa: Áreas Editora, 2010.

GLOUTIER, M. W. E.; UNDERDOWN, B. – Accounting Theory and Practice. 7th ed. Essex: FT Prentice Hall, 2001.

NOBES, C.; PARKER, R. – Comparative International Accounting. 7th ed. Essex: FT Prentice Hall, 2002.

RODRIGUES, Ana Maria; CARVALHO, Carla; CRAVO, Domingos e AZEVEDO, Graça, SNC – Contabilidade Financeira: sua aplicação, Coimbra: Edições Almedina, 2010.

RODRIGUES, Ana Maria (Coord.); SNC – Sistema de Normalização Contabilística, Coimbra : Edições Almedina, 2010.

RODRIGUES, João – Sistema de Normalização Contabilística explicado – SNC explicado. 1ª ed. Porto : Porto Editora, 2009.

THOMAS, Andrew – Introduction to Financial Accounting, 7.ª Ed., McGrawHill, 2012