Financial Accounting

Knowledge acquired in course Introduction to Accounting and Finance in the 1st semester.

The teaching methodology will go through classes with interactive exposition, questioning and demonstration with resolution of corresponding exercises.

The flipped classroom and collaborative learning will also be promoted, where students will have the opportunity to expose topics and share experiences.

In this way, it is intended that students learn the syllabus and acquire the defined skills.

The main objective of this course is the assimilation and application, by the students, of the main Accounting and Financial Reporting Standards (NCRF). In this sense, this course has the following specific objectives:
– Deepen the accounting knowledge acquired during the 1st semester, namely the accounting treatment of a set of operations related to the current and non-current aspect of companies and highlight those that, given their specificity, require greater knowledge of the fundamentals of the Accounting.
– Analyze the Financial Statements, Balance Sheet and Income Statement by Nature, so that students can understand its construction, as well as the assumptions that were at the basis of its preparation, so that they show, “in a true and appropriate way ”, the equity, financial situation and the changes that occurred during a year.
– Emphasize the importance of the entire theoretical support base associated with the subjects developed, without
forget the respective legal and fiscal aspects.

It is intended that students who attend this UC are prepared to:

a) Identify and understand the main accounting standards regarding the assets and liabilities of the financial statements;

b) Recognize and measure a set of operations linked to the current and non-current aspects of companies;
c) Understand the main components of the Balance Sheet and the Income Statement;
d) Preparing and analyzing the balance sheet and income statement

I – Tangible Assets
1.1Recognition
1.2 Initial measurement
1.3 Depreciation of Tangible Assets
1.4 Removal of Tangible Assets

II – Intangible Assets
2.1Recognition
2.2 Initial measurement
2.3Amortization of Intangible Assets
2.4 Removal of Intangible Assets

III-Financing obtained
3.1Concepts
3.2Types of financing
      Locations
     Borrowing costs
      Subsidies (to investment)

IV-Impairment of assets
4.1Impairment of financial assets
4.2 Impairment of inventories
4.3 Impairment of tangible and intangible assets

V-Non-current assets held for sale
 5.1Concepts
5.2 Recognition
5.3 measurement
5.4 misrecognition

VI – Personnel Expenses
 6.1 Monthly remuneration
 6.2 Holidays and Christmas Allowance

VII-Financial Year End Operations
 7.1Regularization Operations

7.2Results calculation operations

VIII-Income Taxes
8.1 Personal Income Tax (IRS)
8.2 Corporate Income Tax (IRC)
8.3 Accounting recognition

IX- Financial and Non-Financial Reporting

NAO

Borges, A., Rodrigues, R. e Rodrigues, J., (2014) Elementos de Contabilidade Geral; (26ª Edição); Áreas
Editora; ISBN: 9789898058874.
Gomes, J.; Pires, J. (2015). Sistema de Normalização Contabilística – Teoria e Prática. Lisboa: Grupo Editorial
Vida Económica (5.ª edição).
Gonçalves, C.; Fernandes, S.; Santos, D. e Rodrigo, J. (2020) Contabilidade Financeira Explicada -Manual
Prático (4ª Edição) ISBN: 9789897687105
Rodrigues, J. (2021). Sistema de Normalização Contabilística: Explicado. Porto: Porto Editora (8.ª edição).
Normas Contabilísticas e de Relato Financeiro (NCRF). http://www.cnc.min financas.pt/snc2016.
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