Corporate Accounting II

Base Knowledge

The Corporate Accounting II curricular unit teaches intermediate level syllabus, so Financial Accounting knowledge / skills are required.

Teaching Methodologies

The theoretical contents of the curricular unit will be given through illustrated classes with practical cases, whenever possible. Students will be motivated to apply the skills acquired through practical activities, including the analysis and discussion of case studies and exercises. The sharing of relevant professional experiences will be encouraged throughout these activities.

Learning Results

The curricular unit of “Corporate Accounting II” succeeds the curricular unit of “Corporate Accounting I”, whose objective is to understand the main accounting and financial reporting aspects related to the operation of commercial companies.

The study to be developed is structured to understand the different accounting and financial reporting standards required either by the Accounting Standardization System (SNC) or by the international accounting standards issued by the International Accounting Standard Board (IASB).

After studying the “Corporate Accounting II” course unit, students should be able to:

a) Distinguish provisions for contingent liabilities and contingent assets;

b) Identify and recognize the different types of revenue and the problems associated with them;

c) Understand the criteria for recognition and measurement of investment property, investments in associates and business concentration operations;

d) Identify the objectives and prepare the cash flow statement; and

e) Identify all the components of the financial reporting of a company, its objectives and its elaboration process.


1. Provisions, contingent liabilities and contingent assets

1.1. NCRF 21 framework; 1.2. Definitions; 1.3. Recognition and measurement; 1.4. Special cases of recognition; 1.5. Recognition of the present value of provisions; 1.6. Use and reversal of provisions; 1.7. Disclosures

2. Revenue

2.1. NCRF 20 framework; 2.2. Sales revenue; 2.3. Recognition of service provision; 2.4. Interest income.

3. Investment Properties

3.1. NCRF framework 11; 3.2. Investment properties versus other assets .; 3.3. Recognition and measurement; 3.4. Transfers and derecognition.

4. Investments in associates

4.1. NCRF 13 framework; 4.2. Investments in associates versus other investments; 4.3. Recognition and measurement; 4.4. Subsequent measurement; 4.5. Derecognition

5. Business concentration operations

5.1. NCRF framework 14; 5.2. Acquisition method; 5.3. Goodwill; 5.4. Recognition and measurement.

6. Preparation of Accountability

6.1. Cash flows; 6.1.1. Framework (NCRF 2); 6.1.2. Types of activities; 6.1.3. Elaboration by the direct method

6.2. Events after the balance sheet date; 6.2.1. Framework (NCRF 24); 6.2.2. Types of events; 6.2.3. Recognition and / or disclosure

7. Corporate Financial Reporting

7.1. Main goals; 7.2. Levels of accounting standardization in Portugal; 7.3. Corporate financial reporting documents; 7.4. Corporate governance; 7.5. Non-financial statement 7.6. The sustainability report.

Curricular Unit Teachers




Fundamental bibliography
Sistema de Normalização Contabilística (SNC) aprovado pelo Decreto-Lei nº 98/2015, de 2 de Junho e legislação complementar.
Batista da Costa, C. e Gabriel Correia Alves. (2021). 10ª Edição. Contabilidade Financeira. Lisboa: Rei dos Livros
Gomes, João e Jorge Pires (2011). Normalização Contabilística para Microentidades. Ed. Vida Económica.
Gomes, João e Jorge Pires (2015). SNC – Sistema de Normalização Contabilística, Teoria e Prática. 5ª Edição. Ed. Vida Económica.
Gonçalves da Silva, F.; Pereira, J.; Rodrigues, Lúcia (2008). Contabilidade das Sociedades, 13ª Edição. Lisboa, Plátano Editora.
Gonçalves, Cristina; Santos, Dolores; Rodrigo, José; Fernandes, Sant’Ana (2016): Contabilidade Financeira Explicada. 2.º Ed. Vida Económica.

Complementary bibliography
Kieso, Donald E., Jerry J. Weygandt e Terry D. Warfield (2020): Intermediate Accounting IFRS, 4th Edition, Wiley.
Kieso, Donald E., Jerry J. Weygandt e Terry D. Warfield (2021): Intermediate Accounting, 18th Edition, Wiley.
Rodrigues, João (2020). SNC – Sistema de Normalização Contabilística SNC Explicado. 7.ª Edição. Porto Editora.
Romano, Javier; Álvarez, José; Fernández, Fernando (2020). Contabilidad de Sociedades, Editorial Centro de Estudios Financieros.
Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Janice Loftus, Leo van der Tas (2019): Applying International Financial Reporting Standards, 4rd Edition Wiley.