In this curricular unit, sequence and deepening are given to the approaches taken in the first semester, in Business Accounting I, focusing on investments and end-of-period work and presentation of accounts
OBJECTIVES AND EXPECTED RESULTS OF LEARNING
1. Know the recognition and measurement criteria provided for in the accounting standardization system for investments and provisions;
2. Understand the definitions of contingent liabilities and contingent assets and their treatment at the accounting standardization system level;
3. Make accounting records related to investments and provisions;
4. Know the accounting cycle and its closing operations;
5. Identify and elaborate the key pieces of accounting information for business management.
SKILLS TO DEVELOP
1. Understanding the importance of accounting information for the business manager's tasks;
2. Mastery of the essential concepts as regards the economic and financial reality of an economic unit, namely how to deal with facts and changes in assets;
3. Acquiring experience on how to analyze and classify an organization's economic and financial operations in terms of accounting relevance, ie in the classification of phenomena and their accounting treatment;
4. Understanding the content of accounting information, namely in terms of the relevance of the facts.
Programme
Chapter I - Investments
1.1. Financial investments;
1.2. Investment properties;
1.3. Tangible fixed assets;
1.4. Intangible assets;
1.5. Ongoing investment;
1.6. Non-current assets held for sale.
Chapter II - Other liabilities, contingent liabilities and contingent assets
2.1. Income tax: current and deferred
2.2. Recognition and measurement of provisions
2.3. Disclosure of contingent liabilities and contingent assets
Chapter III - End-of-Period Operations
3.1. Current and period-end accounting work;
3.2. Regularization of accounts and rectified balance sheet;
3.3. Income statement by nature and balance sheet.
Demonstration of the syllabus coherence with the curricular unit's learning objectives
The proposed program allows students to acquire knowledge and develop the competencies provided for in the objectives as:
- Chapters I and II aim to meet objectives 1, 2 and 3, as we study the accounting rules related to investments, provisions and contingent liabilities to contingent assets;
- Chapter III is in line with objectives 4 and 5, with accounting records and procedures associated with closure and accountability being addressed.
Main literature
RODRIGUES, João;Sistema de Normalização Contabilística Explicado (7.ª Edição), Porto Editora, S.A., 2019. ISBN: 9789720002280
BORGES, António; RODRIGUES, Azevedo; RODRIGUES, Rogério;Elementos de Contabilidade Geral (26.ª Edição), Áreas Editora, S.A., 2014. ISBN: 9789898058874
Supplementary Bibliography
Comissão de Normalização Contabilística;Sistema de Normalização Contabilística (Disponível em www.cnc.min-financas.pt)
AZEVEDO, Graça; CARVALHO, Carla; CRAVO, Domingos; RODRIGUES, Ana Maria;SNC Contabilidade Financeira: Sua Aplicação (Reimpressão da 2.ª Edição de 2011), Edições Almedina, S.A., 2015. ISBN: 9789724046280
GOMES, João Manuel Lopes; PIRES, Jorge Manuel Rodrigues;Sistema de Normalização Contabilística - Teoria e Prática (5.ª Edição), Vida Económica - Editorial, S.A., 2015. ISBN: 9789897680779
Learning Methods
The curricular unit 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
Seminar
Study
2
Evaluation
Teste/Exame
3
Individual autonomous study
Study
95
Others
Study
15
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 Bachelor's 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.