Financial Accounting II

Teaching Methodologies

The teaching and learning methodologies specific to the course are articulated with the pedagogical model, as the classroom approach aims to:

– Joint exploration of the topics under discussion, promoting interaction between students (among peers or with the lecturer).

– A practical approach through the resolution of cases that highlight the concrete application of the topics, either individually, in small groups or led by the teacher.

– Use of role-playing as a teaching strategy.

– Emphasis on motivating students to study cases through concrete examples of the economic environment.

– Integration of real-world situations to illustrate the practical relevance of the concepts covered.

– Where relevant, reference to research in which the teacher is involved, providing a direct connection between theory and the teacher’s practical experience.

Learning Results

(1) To deepen the general knowledge introduced in the Financial Accounting I course.

 (2) To understand the construction of the summary financial statements, Balance Sheet and Income Statement by Nature, and the Basic Assumptions embodied in the Generally Accepted Accounting Principles that form them, so that they show, “truthfully and appropriately”, the assets and financial situation and the changes resulting from the activity of a financial year.

(3) Prioritize the treatment associated with the theoretical issues that frame it, without forgetting the legal and fiscal aspects associated with the subjects covered.

(4) Being theoretical-practical classes and given the nature of the curricular unit, the sessions consist of the teacher presenting the topics, followed by the resolution of practical questions and the asking of questions by the students, with the aim of making the concepts operational and acquiring theoretical and methodological skills.

Program

Chapter 1 – Property, plant and equipment

Recognition

Depreciation of Fixed Assets

Withdrawal of Fixed Assets

Chapter 2 – Financing

Types of financing

Leases

Borrowing costs

Subsidies (for investment)

Chapter 3 – Intangible Assets

Recognition

Initial measurement

Amortization of Intangible Assets

Withdrawal of Intangible Assets

Chapter 4 – Asset Impairment

Impairment of financial assets

Impairment in inventories

Impairment of tangible and intangible assets

Chapter 5 – Non-current assets held for sale

Chapter 6 – Personnel Expenses

Chapter 7 – End of Year Operations

Regularization Operations

Results calculation operations

Chapter 8 – Income Tax

Accounting recognition

Chapter 9 – Financial Statements

Chapter 10 – Sectoral Applications of Accounting

Internship(s)

NAO

Bibliography

COSTA, Carlos Baptista da Costa; ALVES, Gabriel Correia (2021). Contabilidade Financeira (10.ª Edição), Rei dos Livros.

GONÇALVES, Cristina; SANTOS, Dolores; RODRIGO, José; FERNANDES, Sant’Ana (2020): Contabilidade Financeira Explicada, 4ª ed. Ed. Vida Económica.

Gomes, J.; Pires, J. (2015). Sistema de Normalização Contabilística – Teoria e Prática. Lisboa: Grupo Editorial Vida Económica (5.ª edição).

Rodrigues, J. (2021). Sistema de Normalização Contabilística: Explicado. Porto: Porto Editora (8.ª edição).

Sistema de Normalização Contabilística (SNC) aprovado pelo Decreto-Lei nº 98/2015, de 2 de junho e legislação complementar

ALFREDSON, Keith; LEO, Ken; PICKER, Rut; PACTER, Paul; RADFORD, Jennie (2019): Applying International Financial Reporting Standards, 4th Ed Wiley.

GOMES, João; PIRES, Jorge (2011). Normalização Contabilística para Microentidades. Ed. Vida Económica.

KIESO, Donald E.; WEYGANDT, Jerry J.; WARFIELD, Terry D. (2019): Intermediate Accounting, 17th Ed, Wiley.