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 analyses 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.
Learning objectives and expected outcomes
1. The student describes and applies the fundamental accounting concepts.
2. The student describes the conceptual structure of financial information.
3. The student understands how to represent the equity and the results;
4. The student applies the accounting method;
5. The student prepares the financial statements: Balance Sheet and Income Statement.
6. The student describes the process of accounting harmonization and standardization.
7. The student understands and applies the Accounting Standardization System in accounting for equity facts related to net financial means, purchases and other transactions with suppliers, sales and other transactions with customers, inventories and tangible fixed assets.
Skills to be developed
This course and its program, students should be able to:
1. Identify the relationships established between the economic units and interpret the economic-financial circuit;
2. Classify patrimonial elements;
3. Interpret the value of assets;
4. Record and interpret changes in accounts and distinguish between permutative and change variations;
5. Understand the basic concepts of the SNC;
6. Move balance sheet and income statement accounts;
7. Prepare the Balance Sheet and Income Statement
Programme
1. Fundamentals of Financial Accounting 2. Accounting Harmonization and Standardization 4. Preparation and presentation of the financial statements 5. Cash, bank deposits and financial instruments
6. Purchasing, FSE's and other transactions with suppliers 7. Sales, services rendered and accounts receivable 8. Value Added Tax (VAT) in accounting for transactions 9. Personnel costs and operations 10. Inventories and biological assets
Demonstration of the syllabus coherence with the curricular unit's learning objectives
The planned program of the curricular unit Business Accounting I allows students to acquire knowledge and develop the skills defined as objectives, in that: a) Chapter I aims to respond to objectives 1 to 6., taking into account that the fundamental principles of financial accounting. b) Chapter II is in line with the objective 7, above, addressing the accounting recognitions and procedures associated with the movement of accounts in the financial statements.
Main literature
Lopes, Carlos; Oliveira, Daniel; Pires, João Rui; Malaquias, Rui; Covane, Samuel; Rabaça, Brasiliano;Manual de Contabilidade, Escolar Editora, 2020. ISBN: 978-972592-561-4
João Rodrigues;SNC - Sistema de Normalização Contabilística Explicado, Porto Editora, 2021. ISBN: 978-972-0-00324-9
Supplementary Bibliography
Monteiro, Sónia M. S;Manual de Contabilidade Financeira, Vida Económica, 2013. ISBN: 9789727886517
Normativo contabilístico nacional , disponível em: www.cnc.min-financas.pt
Rodrigues, João;Sistema de Normalização Contabilística Explicado, Porto Editora, 2016. ISBN: 978-972-0-01983-7
Borges, António; Rodrigues, Azevedo e Rodrigues, Rogério;Elementos de Contabilidade Geral, Áreas Editora, 2014. ISBN: 9789898058874
Learning Methods
The course is organized in theoretical-practical classes where it is intended to stimulate student participation in the subjects taught. The theoretical exposition will be complemented by practical exercises that aim to foster an active learning of students.
Assessment Components
Avaliação distribuída com exame final
Assessment Components
Description
Type
Time (hours)
Conclusion Date
Attendance (estimated)
Lessons
45
Autonomous study
Study
112
Evaluation
Teste/Exame
3
Total:
160
Continuous Assessment
2 Individual written tests - 40% each
2 Group worksheets submitted trough E-Learning platform : 10% each
Under the terms of the General Regulation:
a) The students' attendance in classes will be recorded and, if the number of absences per student exceeds 30% of the total number of lessons scheduled for each course unit, the student will be automatically transferred to the final evaluation (regular season).
b) In the written tests and other assessment elements mentioned in paragraph 2 of Art. 39 it is necessary to obtain a minimum grade of 7.5 (seven point five) points.
c) If the student misses a test or receives a grade lower than 7.5 points in the tests or in another assessment element mentioned in the previous number, the student will be automatically transferred to the final evaluation (regular season).
d) If the student misses or obtains less than 7.5 in the second written test, held in the same date of the final exam in the regular season, they may apply for further evaluation in the Appeal season
e) All written academic work provided for in the assessment (reports, case studies, etc.) must be submitted to the Turnitin database, available on the ISAG E-Learning platform, with a similarity rate up to 30% acceptable.
Final Exam
1 Individual written exam: 100%
Demonstration of the coherence between the teaching methodologies and the learning outcomes
Teaching methodologies aim to enhance learning, both in theoretical and practical aspects. It seeks to expose the student to a diverse set of concepts essential to the treatment and analysis of accounting data. Similarly, it is intended to use critical thinking in interpreting accounting information, and logical thinking in solving practical problems.