Financial Reporting

Subject: 2017/2018 - 2S

Programmes

Hours Effectively Taught

TGE2D

TGE2N

Teaching Language

Portuguese

Aims, Skills and Learning Outcomes

DESCRIPTIVE SUMMARY OF CURRICULAR UNIT
This course unit has as main objective to contribute to the acquisition, understanding and revision of knowledge and skills in accounting, tax and corporate matters, through a theoretical-practical approach, allowing the updating and consolidation of students' knowledge, from a financial reporting perspective.
It is intended to highlight and demonstrate the importance of financial information, materialized in the financial report, in the economic decision of the various users of the financial statements.
In this regard, the thematic structure of this curricular unit aims to deepen the study of the theoretical and practical fundamentals of accounting, taxation and relevant corporate aspects in specific domains, such as:
- Examination of the annual accounts and the reliability of the financial information;
- The financial reporting process, materialized in the preparation of the financial statements under the accounting standardization system (SNC);
- The accountability process in the sphere of the Commercial Companies Code, with special emphasis on the Management Report;
- The process and legal requirements of the rendering of accounts to the holders of the capital, Tax and Customs Authority and other public entities;
- Analysis and understanding of an entity's annual report.
In addition, the basic concepts of analysis and interpretation of the accounting variables reflected in the financial statements are developed.
Particular emphasis is given to the analysis of accounting information on the basis of accrual versus cash basis, particularly the statement of cash flows.
The demonstration of results by functions deserves, equally, the proper theoretical-practical approach.
The study methodology is based on theoretical and practical bases, using case studies.


OBJECTIVES AND EXPECTED LEARNING OUTCOMES
- Understanding accounting as an information system and its usefulness for economic decision making;
- Understand the meaning and scope of accounting information versus financial information:
- Prepare and analyze the financial statements of a company;
- To understand the fundamental concepts and procedures of rendering accounts to the holders of capital;
- Understand the meaning and scope of Simplified Business Information (IES) and Fiscal Dossier;
- Acquire a systematic and holistic view of the conceptual and normative structure of financial reporting.

SKILLS TO BE DEVELOPED
At the end of the course, students should be able to:
- Understand accounting information;
- Understand financial information;
- Examine the accounts;
- Prepare the financial statements foreseen in the SNC;
- Read and interpret the documents that materialize the rendering of accounts in Portugal and its legal framework;
- Prepare the management report;
- Elaborate the other documents of the accountability within the scope of the HEI;
- Elaborate the other documents that are part of the fiscal dossier;
- Acquire basic knowledge about segment reporting and environmental reporting.

Programme

1. Preparatory work preceding the preparation of the financial statements
2. Preparation and presentation of financial statements
3. Accountability in companies and application of results
4. The rendering of accounts to the Tax and Customs Authority and Other Public Entities
5. Other financial reporting topics: segment reporting and environmental reporting

Main literature

Supplementary Bibliography

Learning Methods

The methodology of teaching / learning is based on the study of concepts and theoretical foundations of programmatic subjects, illustrated through the resolution of practical cases. Learning is consolidated through the individual study, the recommended bibliography and the resolution by the students of theoretical-practical exercises.
The economic-financial analysis and diagnosis of the company is carried out based on published reports and accounts.
It also includes the preparation and discussion of group work (case study).
In addition to the recommended literature, students will be provided with supporting texts on the subjects to be addressed.

Assessment Components

Avaliação distribuída com exame final

Continuous Assessment

Participation in contact sessions: 5%
Written work: 20%
2 Individual written tests: 75%

Under the terms of the Graduation Regulation:
1. The actual presence of the students in the classes will be registered and, if the number of absences per student exceeds 30% of the total number of contact sessions provided for each course unit, it will automatically be transferred to the final evaluation of the normal period.
2. In the written tests referred to in paragraph 5 a) of Article 38 and in the evaluation elements referred to in paragraphs b) to e) of paragraph 2 of Article 39 it is necessary to obtain a minimum grade of 7.5 (seven comma five) values.
3. If the student is absent or has a grade lower than 7.5 points in the tests or evaluation elements referred to in the previous number, he will be automatically transferred to the final evaluation of the normal season.
4. If the student is absent or has a grade lower than 7.5 points in the second written test (held on the same date as the final written test of the normal time), he / she may apply for evaluation at the time of appeal.

Final Exam

Demonstration of the coherence between the teaching methodologies and the learning outcomes