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Financial Accounting

Objectives

The main objectives of the course are to understand:

1. The concepts and the accounting method;

2. National and international accounting standards;

3. The main financial statements;

4. The meaning and interpretation of the elements of financial statements;

5. Analysis of the economic and financial situation of a company. 



General characterization

Code

1217

Credits

7

Responsible teacher

Carlos Cardoso | João do Carmo Filipe

Hours

Weekly - Available soon

Total - Available soon

Teaching language

Portuguese | English

Prerequisites

n/a

Bibliography

Weygandt, Kimmel and Kieso (2015), Financial Accounting: IFRS, 3rd edition, John Wiley & Sons

International Accounting Standards (IAS/IFRS)   


Teaching method

The course comprises both lectures and tutorials. Lectures focus the theoretical aspects of each topic and its applications to real life situations; PowerPoint handouts are provided to students. Tutorials are based on exercises and case discussions in order to provide a practical application of financial accounting concepts, tools and practices. During the course the following teaching and learning methods are adopted: 1. Expositional, with presentation of theoretical reference frames; 2. Participative, with analysis and resolution of application cases and problems; 3. Active, with the realization of individual works; 4. Self-study, related with autonomous work by the student, as contemplated in the class planning. These methods aim to develop student's main learning competences that allow fulfilling each of the learning objectives described before.  


Evaluation method

In both the regular exam period, and the resit exam period, the final grade is computed using the following weights:

i. First midterm (20%); ii. Second midterm (25%); iii. Exam (55%).  


Subject matter

1. The objectives of financial accounting, focusing on their use by entities outside the company

2. The accounting method

3. The accounting conceptual framework

4. The main accounting standards on a national and international perspective

5. The main financial statements: balance sheet, income statement, and statement of cash flows

6. Recognition and measurement of the financial statement elements: current and non-current assets, current and non-current liabilities, equity, expenses, and revenues.

7. Introduction to financial analysis: computation and interpretation of the main economic and financial ratios.