Financial Accounting Developments

Recommended Prerequisites

Students must have successfully completed the curricular unit of Financial Accounting

Teaching Methods

The curricular unit works with theoretical-practical classes, combining theoretical exposition of the syllabus contents (using NCRF and illustrative examples, in order to foster interest and discussion with the students), with resolution by the students, under the guidance of the professors, of practical cases and exercises, particularly suitable to complement the problems theoretically developed.

Some classes will envolve aplication of broader cases, with the use of accounting softwares.

Learning Outcomes

It is generally intended that students apply the methodological and conceptual tools acquired in the curricular unit of Financial Accounting, while deepening the knowledge of the system of preparation and disclosure of accounting and financial information, which is essential to substantiate the decisions of the users of financial statements. It will be sought to transmit a solid training in core areas of Financial Accounting (intermediate level), in conjunction with the legal-accounting aspects that are associated.

Specifically, students must be able to frame the main operations in the respective cycles of an economic entity, and articulate them, following the normative guidelines of the System of Accounting Standards (SNC), with the financial statements where they should be reflected and reported.

Work Placement(s)

No

Syllabus

I. THE CYCLES OF OPERATIONS IN AN ECONOMIC ENTITY

II. CURRENT OPERATIONS

1. Financial Assets - Cash, deposits and Financial Instruments (NCRF 23 and NCRF 27)

2. Financial Assets - Clients and Other Receivables (NCRF 27)

3. Financial Liabilities - Suppliers, Personnel and Other Accounts Payable (NCRF 27 and NCRF 28)

4. Inventories and Biological Assets (NCRF 18 and NCRF 17)

5. Provisions and other events (NCRF 21 and NCRF 24)

III. INVESTMENT OPERATIONS

1. Financial investments - equity method (NCRF 13 and NCRF 5)

2. Tangible Fixed Assets (NCRF 7)

3. Intangible Assets (NCRF 6)

4. Investment Property (NCRF 11)

5. Expenses, Income and Results (NCRF 19, NCRF 20 and NCRF 4)

IV. FINANCING OPERATIONS

1. Equity (NCRF 27 and CSC)

2. Financial debt (NCRF 10 and NCRF 27)

V. THE ANNUAL ACCOUNTS (NCRF 1 and NCRF 2)

1. End-of-period works and calculating the period income

2. Balance sheet

3. Income statements

4. Cash Flow Statement

5. Statement of Changes in Equity

6. Annex

Head Lecturer(s)

Liliana Marques Pimentel

Assessment Methods

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

Bibliography

BORGES, António; RODRIGUES, Azevedo; RODRIGUES, Rogério (2014); Elementos de Contabilidade Geral. 26ª ed. (de acordo com o SNC). Lisboa: Áreas Editora.

CRUZ, Isabel; PIMENTEL, Liliana; JORGE, Susana (2021); Aplicações de Contabilidade Financeira: enquadramento teórico e casos práticos. Coimbra: Edições Almedina, 2ª edição.

ELLIOTT, B.; ELLIOTT, J. (2019), Financial Accounting and Reporting, 19th edition, New York: Pearson Education.

NOBES, C., PARKER, R. (2020); Comparative International Accounting. 14th ed., New York: Pearson Education.

RODRIGUES, Ana Maria (Coord.) (2016); SNC – Sistema de Normalização Contabilística, Coimbra: Edições Almedina, 3ªedição.