SME Financial Report

Knowledge of accounting and accounting standards is recommended.

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.

In a civilizational paradigm centered on information, the SME Financial Reporting course aims to convey the importance of financial information for SMEs as a fundamental element of culture communication between organizations and their stakeholders.

This curricular unit also aims to highlight the influence of SMEs in society, as they constitute an extremely important segment both at European and national level, representing almost the entire Portuguese business fabric and the greatest potential source of employment. and growth.

Currently, in a global market, characterized by competitiveness and instability, it becomes increasingly important for SMEs the need to obtain useful information to help them manage their businesses efficiently and sustainably.

After attending this curricular unit, it is intended that students have a critical capacity on financial and non-financial reporting, so that, in an assertive way, they are able to:
– Understand the importance of transmitting financial and non-financial information;
– Structuring the information to be transmitted;
– Define the form of transmission of information.

The program contents taught basically cover issues related to the disclosure of financial information and the corresponding accounting and financial reporting standards. Therefore, over the course of the lessons, the students were able to interpret and prepare the main financial statements.  These contents are also intended to convey to students the importance of complementing financial information with non-financial information in SMEs.

1 – Financial Reporting

     1.1 – Framework and importance of financial reporting

    1.2 – Financial statements

2 – International Standard for SMEs (IFRS for SMEs)

3 – NCRF – PE | NC-ME

    3.1 – Main characteristics

    3.2 – Comparison of standards

4 – Non-Financial Reporting

NAO

Bibliography:

AICPA, ( 2013) The Financial Reporting Framework for Small- and Medium-Sized Entities
Gonçalves, Cristina; Santos, Dolores; Rodrigo, J., Sant´Ana Fernandes, J.; (2020); Relato Financeiro: interpretação e análise. Vida Económica.
Mackenzie, Bruce; Lombard, Allan; Coetsee, Danie; Njikizana, Tapiwa; Chamboko, Raymond; e Selbst, Edwin; (2010); Applying IFRS for SMEs; Wiley.
Norma Contabilística e de Relato Financeiro para Pequenas Entidades (Publicada pelo Aviso nº 15 654/2009, DR nº 173, Série II, de 2009-09-07, substituído pelo Aviso nº 8257/2015, de 2015-07-29)
Rodrigues, João; (2019; Sistema de Normalização Contabilística – SNC explicado; Porto Editora

Legislation:

Decreto-Lei n.º 158/2009, de 13 de julho, Sistema de Normalização Contabilística.
Decreto-Lei n.º 98/2015 – 2 de junho – Transposição da Diretiva N.º 2013-34-UE – Parlamento Europeu e Conselho (alteração e republicação do Decreto-lei n.º 158/2009).
Aviso n.º 8255/2015 de 29 de julho – Série II – n.º 146: aprova a norma contabilística para as microentidades (MC-ME).
Aviso n.º 8257/2015 de 29 de julho – Série II – n.º 146: aprova a norma contabilística e de relato financeiro para pequenas entidades (NCRF-PE).