Business Accounting I

Code:

LGE1104

Acronym:

CE1

Subject: 2017/2018 - 1S

Teaching Area:

Accounting

Programmes

Acronym	Study plan	Curriculum Years	ECTS	Contact hours	Total Hours
LGE	Desp. n.º 1049/2008 (alterado aviso n.º9805/2012)	1º	6 ECTS	60	160

Hours Effectively Taught

Teaching - Hours Theoretical-Practical: 3,00 Other: 1,00

Teaching Language

Portuguese

Aims, Skills and Learning Outcomes

DESCRIPTIVE SUMMARY OF CURRICULAR UNIT
This course consists of 3 components:
The 1st component addresses the framework of business accounting in the context of economic and financial activity, as also its historical evolution, concept and methodology of accounting patrimony, components and their representation and analyzes for the standardization and regulation of accounting, with especially the accounting standard system.
In the 2nd component, proceed to the study of accounting operations, focused on the study of the accounts that integrate: net financial means; accounts receivable and payable; inventories and biological assets; investments; expenses and income and results.
The 3rd component is dedicated to an approach of year-end operations in its fundamental aspects, completing the accounting cycle.

OBJECTIVES AND EXPECTED LEARNING RESULTS
Understand, interpret and structure the basic knowledge of accounting discipline, namely:
1. Elements property, inventory and balance sheet;
2. Changes in accounts, the daily and the reason;
3. Analysis of essential accounting standard system;
4. Study of balance sheet accounts and income statement;
5. Treatment of end operations of the period.

Acquire fundamental theoretical and practical knowledge of the accounting discipline, including the role of accounting as an information system and the accounting process in the static and dynamic perspective.

SKILLS TO BE DEVELOPED

This course and its program, students should be able to:
1. Identify the relations between economic units and interpret economic and financial system;
2. Rate patrimony elements;
3. Develop inventories and balance sheets;
4. Interpret the value of the assets;
5. Understand the basics of the CNS;
6. Sign up and interpret the variations in the accounts and distinguish changing variations from amending variations;
7. Move cash accounts and accounts;
8. Prepare the report results.
9. Prepare balance sheets.

Programme

1. Financial Accounting Fundamentals
2. Harmonization and accounting standards
3. Conceptual framework of financial accounting
4. The equity / financial situation ( assets , account , inventory, balance sheet )
5. Cash, bank deposits and financial instruments
6. Purchases and other transactions with suppliers
7. Foreign funding operations
8. Inventories and biological assets
9. The recognition of revenue
10. Sales, service benefits and receivables
11. Expenses and personnel operations
12. Results

Main literature

Borges, António; Rodrigues, Azevedo e Rodrigues, Rogério;Elementos de Contabilidade Geral, Áreas Editora, 2014. ISBN: 9789898058874

Supplementary Bibliography

Rodrigues, João;Sistema de Normalização Contabilística Explicado, Porto Editora, 2016. ISBN: 978-972-0-01983-7

Monteiro, Sónia M. S;Manual de Contabilidade Financeira, Vida Económica, 2013. ISBN: 9789727886517

Learning Methods

Presentation and discussion of theoretical and practical cases, with the frontloading of support texts on matters to be addressed.

Assessment Components

Avaliação distribuída com exame final

Continuous Assessment

Final Exam