Teaching Methodologies
After a brief presentation of the theoretical framework of the subjects, active teaching-learning methodologies will be prioritised, with a high
practical component, seeking the involvement and active participation of the students. To this end, the following tools will be used:
a) students will carry out, individually or in small groups, under the guidance of the teacher, a set of teaching exercises on the different
topics of the programme;
b) carrying out, presenting and discussing in class a group work on one of the topics in chapters 2 and 3 of the syllabus.
In order for the teaching-learning process to be as motivating and effective as possible, the theoretical framework of the different topics in
the programme chapters will be complemented whenever possible with examples based on real companies.
Learning Results
Provide students with adequate knowledge and understanding of the content of IAS/IFRS related to financial instruments and practical
application, responding to the demands faced by financial analysts. During this course, students must acquire the following skills:
1. Understand the current state of evolution of the international accounting harmonization process;
2. Understand the structure of standards related to financial instruments issued by the IASB;
3. Understand the accounting treatment of financial instruments in accordance with this regulatory framework;
4. Understand the main differences between that standard in relation to the FASB standard and the SNC standard;
5. Know how to interpret, from a financial analysis perspective, the accounting information related to financial instruments prepared in
accordance with any of the previous regulations and their reflection in the companies’ financial statements.
Program
1. INTRODUCTORY AND BACKGROUND ISSUES
1.1 The process of international accounting harmonization
1.2 General principels of the IASB’s accounting standards and its underlying philosophy
1.3 The national position in relation to the IASB standards and the accounting harmonization process
2. FINANCIAL INSTRUMENTS
2.1 Financial instruments: presentation (IAS 32)
2.2 Financial instruments: initial recognition, derecognition, classification and subsequent measurement (IFRS 9)
2.3 Impairment (IFRS 9)
2.4 Hedge accounting (IAS 39 and IFRS 9)
2.5 Financial instruments: disclosures (IFRS 7)
3. MAIN DIFFERENCES IN TREATMENT AND REPORTING COMPARED TO OTHER STANDARDS
3.1 In relation to US GAAP
3.2 In relation to NCRF 27
4. ACCOUNTING INFORMATION ON FINANCIAL INSTRUMENTS AND FINANCIAL ANALYSIS
4.1 Examples of the impact of different types of accounting treatment on the calculation and interpretation of some indicators
4.2 Case studies
Internship(s)
NAO
Bibliography
• International Accounting Standards Committee (2024). Required IFRS Standards 2024, January 2024, London: IFRS Foundation.
• Weygandt, Jerry J., Kimmel, Paul D. (2022). Financial Accounting with International Financial Reporting Standards, 5th Edition, Wiley.
• Kieso, Donald E., Jerry J. Weygandt, Warfield, Terry D. (2020). Intermediate Accounting IFRS, 4th Edition, Wiley.
• KPMG (2023), IFRS compared to US GAAP Handbook, November 2023, (acessível em https://kpmg.com/us/en/frv/referencelibrary/
2023/ifrs-compared-to-us-gaap.html).
• PriceWaterhouseCoopers (2024). Manual of Accounting – IFRS 2023, Vol. I., London: Bloomsbury Professional.
• PriceWaterhouseCoopers (2024). Manual of Accounting – IFRS 2023, Vol. 2., London: Bloomsbury Professional.
• Robinson, T. van Greuning, H., Henry, E., Broihahn, M. (2020). International Financial Statement Analysis, 4th Edition, CFA Institute
Investment Series, Wiley.