Financial Accounting

Basic knowledge in accounting

Expository method, using theoretical presentations of the syllabus, combined with the resolution of practical notebooks prepared according to the objectives of the curricular unit.

The Financial Accounting subject has the following objectives:

• Provide students with information that allows them to analyze the equity situation and the results of the activities of any organization.
• Know and study the Accounting Standardization System (SNC);
• Articulate the core issues of Financial Accounting with the rules and provisions contained in the SNC and with the legal and tax aspects associated with it.

1. Introduction

1.1. Accounting concept and evolution

2. Fundamental concepts

2.1. Assets, rights and obligations

2.2. Assets, liabilities, equity

3. The accounting process

3.1. Study of accounts

3.2. Account movement

4. Accounting Standardization System

5. Value Added Tax (VAT)

5.1. General aspects of the I.V.A.

5.2. Accounting movements

6. Net financial resources

7. Operations with customers and suppliers

7.1. Accounting documentation

7.2. Purchasing and operations with suppliers

7.3. Customer Sales and Operations

8. Inventories:

8.1. Initial Measurement; Perpetual Inventory System & Weighted Average Cost.

8.2. Subsequent Measurement; Periodic Inventory System & FIFO

8.3. Goods held by third parties; Reclassification and regularization of inventories; borrowing costs (NCRF 10) & Specific identification.

9. Personnel expenses and operations

10. Impairments

11. Equity Operations

12. Accruals and Deferrals

13. Assets:

13.1. Tangible Fixed Assets

13.2. Intangible Assets

13.3. Locations

14. Closing of financial year:

14.1. NCRF 1, NCRF 2 & Conceptual Framework

14.2. Closing of Accounts (accounting and completion of Financial Statements)

Periodical assessment: There is no requirement to attend classes. The final classification will be obtained by carrying out the following assessment elements, substituting these for the regular exam (100% of the assessment).

• Development and presentation of a theme in class, individually, in the form of a seminar (70% of the evaluation);
• Individual analysis of a scientific text (30% of the evaluation);

Evaluation in the exam periods: written exam (100% of the evaluation).

NOTE: works developed during the periodical assessment period will not be considered during the exam period.

NAO