Accounting and cost analysis

Recommended Prerequisites

Mathematic calculus.

Teaching Methods

In order to facilitate the development of skills, this course uses different pedagogical approaches. Lectures to expose the course contents and to present practical examples for knowledge consolidation. Classes for solving exercises and clarifying students' doubts in solving complementary exercises and more complex problems that must be done after classes. Solving more complex exercises within group work, allowing addressing larger and closer-to-reality problems. Discussion of group work in classroom. 

Learning Outcomes

The main objective of this curricular unit is to get the students acquainted with cost accounting. After this curricular unit, the student should comprehend the fundamental concepts of general and cost accounting, the process of developing the most important financial statements, the way in which general accounting and cost accounting are interconnected; to learn in particular the logic behind costing systems, budgeting and cost control activities, in order to understand the economic and financial reality of companies where they will work and to be able to engage in informed discussions with their managers, economists and accountants.

Also, it cannot be forgotten that a large number of engineers will, sooner or later, end up assuming a position in management. Therefore, in this curricular unit, we will deal with economic and financial aspects, but from the perspective of the engineer.  

Work Placement(s)

No

Syllabus

1. General Accounting: Basic concepts and Accounting Standards System - Balance Sheet and Profit/Loss Statement

2. General Accounting vs Cost Accounting: objectives and usefulness

3. Expenses and Revenues: concepts and classification

4. Components and calculation of industrial cost, complexive cost

5. Relating costs/volume/results

6. Costing systems.

Head Lecturer(s)

António Manuel Mendes Raimundo

Assessment Methods

Assessment
Resolution Problems: 20.0%
Exam: 80.0%

Bibliography

1. Almeida, R., Dias, A.I., Albuquerque, F., Carvalho, F. & Pinheiro, P. (2010). SNC Explicado, 2º ed., Editora ATF.

2. Almeida, R., Almeida, M.C., Dias, A.I., Albuquerque, F., Carvalho, F. & Pinheiro, P. (2013). SNC Casos Práticos e Exercícios Resolvidos, 3º ed., Editora ATF.

3. Caiado, A. (2020). Contabilidade Analítica e de Gestão, 9ª ed., Áreas Editora.

4. Ferreira, R. (2007). Contabilidade para Não Contabilistas, Coimbra: Edições Almedina.

5. Nabais, F. & Nabais, C. (2016). Prática de Contabilidade Analítica e de Gestão, Lidel.

6. Sousa, A. (1999). Introdução à gestão - uma abordagem sistémica, Editorial Verbo.

7. Thuesen, G. & Fabrycky, W. (2001).Engineering economy, 9th Edition, Prentice Hall Internationals, Series in industrial and systems engineering, New Jersey.