Accounting for Financial Institutions


This course is dedicate to provide and understanding of the specifics of accounting and reporting for financial institutions. Particular emphasis is made on financial reporting standards relating to financial instruments, namely on: IAS 32, IAS 39 and IFRS 7.

General characterization





Responsible teacher

Ana Rita Cordeiro / Manuel Luz


Weekly - Available soon

Total - Available soon

Teaching language





  • International Accounting Standards: IAS 32 and IAS 39
  • International Financial Reporting Standards: IFRS 7 and IFRS 9
  • Financial Accounting and Reporting, 15/E - Barry Elliott/Jamie Elliott - Publisher: Prentice Hall
  • Banco de Portugal - Notice n.º 5/2008
  • International Standards of Auditing
  • Teaching method

    Students are expected and required to active participate, both in class and in its preparation. Thought a teaching approach that mixes lecture presentations, case studies and class discussions, students will be challenged to develop its critical mindset and build up on the knowledge acquired in the understanding of financial reporting allowing students to interpret companies financial statements.

    Evaluation method

    -Final written exam: 60%, minimum mark 10/20.
    -Class participation: 40%, for group work and their class presentation/discussion.

    Subject matter

    1. Financial Instruments
    1.1. Financial assets
    1.2. Financial liabilities and equity
    1.3. Derivatives (including embedded derivatives)
    1.4. Recognition and measurement
    1.5. Impairment
    1.6. Hedge accounting
    1.7. Derecognition
    1.8. Disclosures


    Programs where the course is taught: