Corporate Accounting I

Intermediate level syllabus is taught in the Corporate Accounting I course, which requires the knowledge/skills taught in the Financial Accounting I and Financial Accounting II courses.

The theoretical contents of the course will be delivered through illustrated examples with practical application, whenever possible. The students will be motivated to apply the skills acquired through practical activities, including analysis and discussion of case studies and exercises. The sharing of relevant professional experiences will be encouraged throughout these activities.

The “Accounting for Companies I” course, which precedes the course for “Accounting for Companies II”, aims to understand the main accounting and financial reporting aspects related to the comercial operations of companies.

The study to be developed is structured for the knowledge of the different accounting and financial reporting standards required both by the Accounting Standards System (SNC) and by the international accounting standards issued by the International Accounting Standard Board (IASB).

After studying the “Accounting for Companies I” course, students should be able to:
a) Understand and identify the main equity components;
b) Identify and understand the main accounting standards relating to the assets and liabilities of the financial statements;
c) Distinguish between accounting policies, changes in accounting estimates and errors and identify their effects on accounting procedures;
d) Identify the objectives and prepare the statement of change in equity; and
e) Understand the accounting and legal aspects associated with the dissolution of companies.

1. Portuguese and international accounting standardization

1.1. International accounting standardization

1.1.1. IASB

1.1.2. European Union

1.2. Portuguese accounting standardization

2. The companies and the law

3. The companies constitution

3.1. Equity- concept

3.2. Constitution – accounting aspects

4. Equity changes

4.1. Equity increase

4.2. Own Shares

4.3. Equity repossession

4.4. Equity reduction

5. Results

5.1. Application of results

5.2. Reserves

5.3. Accounting Policies, Estimates and Errors

6. Revaluation of tangible fixed assets.

7. Statement of change in equity

7.1. Framework and objectives

7.2. Components and elaboration.

8. Dissolution of companies

8.1. Legal requirements.

8.2. Accounting aspects

NAO

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. (2014). 9ª 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.
Material de apoio à unidade curricular

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.