Advanced Financial Accounting

It is recommended to have knowledge of Financial Accounting.

The program will be developed using active methods that involve the participation of the students and foster a theoretical-practical perspective of the topics covered. The classes will involve the presentation of practical cases, constantly seeking input and debate from the students to encourage reasoning and critical thinking. In addition, the active teaching-learning methodology, substantiated by group work outside the classroom environment, will also constitute a teaching strategy to be used by the professor.

Accounting information is the oil that lubricates the business world; there is a huge set of users for whom it is essential (Moreira, 2019, p. 19). It is from this perspective that one can best understand and appreciate the need for any manager to be familiar with the fundamental aspects of accounting standardization, the main accounting policies, and their impact on financial statements, as well as the way in which these financial statements are prepared and interpreted, with a view to using the company’s accounting system to support internal decision-making.

The Advanced Financial Accounting course aims to:
• Provide students with a detailed, comprehensive understanding of the current framework of general accounting standardization in Portugal, known as the Portuguese Accounting Standards System (SNC), which is an adaptation of international accounting standards developed by the International Accounting Standards Board (IASB) and endorsed by the European Union (EU);
• Familiarize students with some of the SNC standards, equipping them with the appropriate knowledge to comprehend, analyse, read, and interpret financial statements prepared by Portuguese business entities in accordance with the SNC.

After completing this course, it is expected that students will be able to:
• Understand the importance of accounting standardization;
• Grasp the current standardization model in force in Portugal;
• Acquire in-depth knowledge of selected SNC standards and their differences compared to international standards (IAS/IFRS).

1. Explain the process of international accounting harmonization, with special emphasis on the roles played by the IASB and the EU;
2. Understand in detail the implications of the international accounting harmonization process on Portuguese accounting standardization;
3. Explain and recognize the different coexisting accounting standards in Portugal;
4. Identify, understand, and assimilate the key definitions contained in the Conceptual Framework of the SNC;
5. Comprehend, analyze, and interpret financial statements prepared under the SNC;
6. Property, Plant and Equipment (NCRF 7/IAS 16);
7. Intangible Assets (NCRF 6/IAS 38);
8. Investment Property (NCRF 11/IAS 40);
9. Impairment of Assets (NCRF 12/IAS 36);
10. Accounting treatment of financial investments, business combinations, and consolidation of financial statements (NCRF 13/IFRS 11 and IAS 28, NCRF 14/IFRS 3, and NCRF 15/IAS 27).

NAO

Legislation

Decreto-Lei n.º 158/2009, de 13 de Julho, alterado e republicado pelo Decreto-Lei n.º 98/2015, de 2 de Junho – Sistema de Normalização Contabilística.

Bibliography

Borges, A., Rodrigues, A., Rodrigues, R., e Rodrigues, J. A. A. (2021). Elementos de Contabilidade Geral (27.ª ed.). Lisboa: Áreas Editora.

Costa, C. B., e Alves, G. C. (2021). “A contabilidade e o seu enquadramento nacional e internacional”. In Costa, C. B., e Alves, G. C. (2021). Contabilidade Financeira (10.ª ed.) (pp. 51-154). Lisboa: Rei dos Livros.

Gonçalves, C., Santos, D., Rodrigo, J., e Fernandes, S. (2020). Contabilidade Financeira Explicada – Manual Prático (4.ª ed.). Porto: Vida Económica.

Lopes, I. (2022). Contabilidade Financeira – Teoria e Prática. Lisboa: Editora D’Ideias.

Moreira, J. A. (2020). Contabilidade – Da Preparação à Interpretação da Informação Financeira (2.ª ed). Lisboa: Edições Sílabo.

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