Budget Accounting

Students should know some basic concepts of public accounting and public accounting standardization.

The teaching methodology will go through classes with interactive exposition, questioning and demonstration with resolution of corresponding exercises.

The flipped classroom and collaborative learning will also be promoted, where students will have the opportunity to expose topics and share experiences.

In this way, it is intended that students learn the syllabus and acquire the defined skills.

The main objective of this course Stimulate the development of a new administrative mentality, considering the new demands that Public Administration is facing.

 In this sense, this course has the following specific objectives:

– Provid solid education in accounting and development of skills in the implementation of new accounting and financial systems in public entities;

– Study the role and the different ways of using Accounting in public services within the frame of the reform of the State’s financial administration.

– Present the Public Accounting rules applicable in Portugal, namely the revenue and expenditure phases, the economic classification of revenue and expenditure, the structure and functioning of the accounts of the Accounting Standardization System in Public Administration (SNC-AP).

 In terms of acquired skills and knowledge, at the end of the semester students should be able to:

– Assimilate the role and of the different ways of using Accounting in public services within the frame of the reform of the State’s financial administration.

– Understand the general concepts and specific accounting designations of financial, and budget accounting;

– Interpret  the Accounting Standardization System in Public Administration (SNC-AP) namely the revenue and expenditure phases, the economic classification of revenue and expenditure, the structure and functioning of the accounts.

1 Evolution and Characterisation of the Public Sector in Portugal
1.1 A brief historical overview
1.2 Public Administrative Sector (SPA)
1.3 State Enterprise Sector (SEE)

2 National and international accounting standardisation applicable to the Public Sector
2.1 Accounting harmonisation: IFAC’s role and objectives and harmonisation efforts with the European Union
2.2 Conceptual structure and presentation of financial statements

3 The Accounting Standardisation System for Public Administrations
3.1 SNC-AP General Structure
3.2 Conceptual Structure
3.3 Objectives and Users of Financial Statements
3.4 Elements of Financial Statements
3.5 Basis of Presentation of Financial Statements
3.6 Accounting principles
3.7 Accounting policies and their changes
3.8 NCP 26 – Accounting and Budgetary Reporting
3.9 Simplified Regime

4. The Budgetary, Financial and Asset Organisation of the Public Sector
4.1 Autonomy schemes and accounting systems
4.2 Budgetary control and monitoring mechanisms
4.3 The Duodecimal System, Budget Execution and the specificities of closing accounts.
4.4 The Law on Commitments and Overdue Payments.
4.5 The Budgetary Framework Law
4.6 Budget preparation principles
4.7 Budget execution principles

5. Resolution of practical exercises to apply the subjects

NAO