Corporate Financial Reporting

The Corporate Financial Reporting curricular unit knowledge aims to teach advanced level financial accounting, as result a prior knowledge of medium level financial accounting is required.

The objectives of the course aim to provide students with a set of theoretical and practical knowledge.

In pursuit of these objectives, the classes have an expository aspect, where the theoretical foundations are taught, and a practical aspect, where students solve practical cases.

These two aspects allow for a consolidation and deepening of their knowledge of the main accounting standards relating to the assets and liabilities of the financial statements.

This course aims to examine the main objectives and requirements to be met when preparing and preparing the corporate financial report.
The “Corporate Financial Reporting” course intends to focus on aspects that contribute to more transparent information, a more consistent presentation and that assure the comparability of the financial statements. The main financial statements will be analyzed, as well as the general principles to be applied in the selection of accounting policies, for changes in accounting estimates and for errors. Appropriate treatments for events occurring after the date of the balance sheet will also be examined.
Finally, the main themes associated with current accounting issues and topics that are expected for future debates will be presented and discussed.

After studying the “Corporate Financial Reporting” course, students should be able to present the following skills:
a) Identify the main objectives and the main elements that make up the financial statements;
b)Understand the components and constraints of equity;
c)Identify and understand the main accounting standards relating to the assets and liabilities of the financial statements.
d) Prepare all the financial statements that are part of the financial report of a company;
e) Distinguish between accounting policies, changes in accounting estimates and errors and identify their effects on accounting procedures;
f) Distinguish between events subsequent to the balance sheet date that give rise to adjustments and events that do not give rise to adjustments; and
g)Identify and discuss the most important concepts associated with the main current accounting issues.

1. Equity
1.1. Constitution and changes in equity.

1.2. Treasures Shares

1.3. Application of results

1.4. Financial instruments – equity (NCRF 27)

2. Assets and liabilities components

2.1. Asset impairment (NCRF 12)

3. Financial reporting

3.1. Objectives and requirements

3.2. Cash flows statement (NCRF 2)

3.3. Statement of change in equity (NCRF 1)

3.4. Accounting Policies and Errors (NCRF 4)

3.5. Subsequent events (NCRF 24)

3.6. Income Taxes (NCRF 25)

4. Financial Reporting

4.1. Integrated report

4.2. Sustainability report

4.3. Environmental accounting

4.4. Accounting for carbon emissions.

5. New accounting issues

5.1. Creative Accounting

5.2. The Accounting Profession

5.3. Impression Management Strategies

NAO

Fundamental bibliography

Gomes, João e Jorge Pires (2015). SNC – Sistema de Normalização Contabilística, Teoria e Prática. 5ª Edição. Ed. Vida Económica.
Kieso, Donald E., Jerry J. Weygandt e Terry D. Warfield (2020): Intermediate Accounting IFRS, 4th Edition, Wiley.
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.

Complementary Bibliography
Alexander, D., Jorissen, A., Hoogendoorn, M., Mourik, C. & Kirwan, C. (2020), International financial reporting & analysis, Cengage.
Almeida, José ; Almeida, Bruno. (2016). Teorias da Contabilidade: Construção e demarcação Epistemológica. Lisboa: Escolar Editora.
Chiara, Mio (2016). Integrated Reporting. A New Accounting Disclosure. Palgrave Macmillan.
Flower, John; Gabi Ebbers (2002): Global Financial Reporting. Palgrave.
Gonçalves, Cristina; Santos, Dolores; Rodrigo, José; Fernandes, Sant’Ana (2016): Contabilidade Financeira Explicada. 2.ª Ed. Vida Económica.
Kieso, Donald E., Jerry J. Weygandt e Terry D. Warfield (2021): Intermediate Accounting, 18th Edition, Wiley.
NOBES, Christopher; Robert Parker (2020): Comparative International Accounting. 14ª Ed. Prentice Hall – International, Londres.