Financial Accounting

It is recommended that students understand the accounting model and the portuguese accounting regulations (SNC), namely, have knowledge of its Conceptual Structure.

Attendance to classes is optional but highly recommended.

Classes are theoretical-practical, using an expository methodology for the presentation of the material, supported later in a methodology of work by the student in the application to practical exercises with the objective of consolidating knowledge.

Developed summaries and exercise books are available. 

The Financial Accounting Curricular Unit in the Master’s Degree in Agricultural Business Management aims to develop some accounting topics that are directly related to Agriculture. Specifically, the objectives include:

1. Know the fundamental concepts of accounting, accounting standardization and the conceptual structure.

2. Analyze the specific accounting aspects of agricultural activity, within the scope of national accounting regulations;

3. Know the accounting treatment of financial instruments and the respective recognition, measurement and disclosure requirements, within the scope of national accounting regulations;

4. Know the requirements required for the recognition of hedge accounting and its accounting treatment, within the scope of national accounting standards.

Attendance and approval in this Curricular Unit should allow students to acquire knowledge about:

a) when and how to account for biological assets related to agricultural activity;

b) the accounting treatment of different financial instruments.

1. Introduction to accounting

1.1. Accounting objectives

1.2. Fundamental Accounting Concepts

1.3. Portuguese accounting standardization

1.4. The Conceptual Framework

2. NCRF 17

2.1. Objective and scope of NCRF 17 – Agriculture

2.2. Biological assets and agricultural production

2.3. Recognition

2.4. Measurement

2.5. Subsidies from public entities

2.6. Disclosures

NAO

Fundamental Bibliography:

 – GONÇALVES, Cristina, FERNANDES, Sant’Ana, SANTOS, Dolores e RODRIGO, José (2020) Contabilidade Financeira Avançada – Manual Prático, 4ª Edição, Vida Económica, Lisboa.

 – RODRIGUES, João (2021), SNC – Sistema de Normalização Contabilística – Explicado, 8ª Edição, Porto Editora.

Complementary Bibliography:

 – PRICEWATERHOUSECOOPERS (2022) IFRS Manual of Accounting – 2022. Global guide to International Financial Reporting Standards, Global Accounting Consulting Services PricewaterhouseCoopers LLP, CCH, Londres.