The theme of this curricular unit is based on the basic subjects of production and dissemination (reporting) of financial information.
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 respect, 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;
- The analysis and understanding of the report (annual) of an entity.
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 the increase vs. cash basis, especially the cash flow statement.
The demonstration of results by functions deserves, as well, the proper theoretical-practical approach.
The methodology of study is based on theoretical and practical bases, with the use of case studies.
Objectives and learning outcomes
1. Acquire a systematic and holistic view of the conceptual and normative structure of financial reporting.
2. Understand accounting as an information system and its usefulness for economic decision making;
3. Understand the meaning and scope of accounting information versus financial information;
4. Prepare and analyze the financial statements of a company;
5. To understand the fundamental concepts and procedures of rendering accounts to the holders of capital;
6. Apprehend the meaning and scope of Simplified Business Information (IES) and Fiscal Dossier;
7. Analyze and understand segment reporting and environmental reporting.
Skills to develop
At the end of the course, students should be able to:
- Understanding accounting information;
- Understand financial information;
- Examine the accounts;
- Prepare the financial statements provided for 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 rendering of accounts in the scope of the IES;
- Elaborate the other documents that are part of the fiscal dossier;
- Acquire the basic knowledge about segment reporting and environmental reporting
Programme
1. Conceptual and normative structure of financial reporting
2. Examination of the accounts and preparatory work preceding the preparation of the financial statements
3. Preparation and presentation of financial statements
4. Accountability in companies and application of results
5. Accountability to the Tax and Customs Authority and Other Public Entities
6. Other financial reporting topics: segment reporting and environmental reporting
Demonstration of the syllabus coherence with the curricular unit's learning objectives
The curricular unit was structured in order to observe the coherence of the programmatic contents with the outlined objectives, which is achieved by combining the respective items, namely: Programmatic versus Objective Content: - Conceptual and normative structure of financial reporting versus a systematic and holistic view of the conceptual and normative structure of financial reporting; understand accounting as an information system and its usefulness for economic decision making; and understand the meaning and scope of accounting information versus financial information; - Preparation and presentation of the financial statements versus preparation and analysis of the financial statements of a company; - Accountability in companies and application of results versus Apprehend the fundamental concepts and procedures of rendering accounts to the holders of capital; - Accountability to the Tax and Customs Authority and other Public Entities versus apprehending the meaning and scope of Simplified Business Information (IES) and Fiscal Dossier; - Other financial reporting topics: segment reporting and environmental reporting versus analyzing and understanding segment reporting and environmental reporting
Main literature
Gonçalves, Cristina e outros;Relato Financeiro - Interpretação e análise, 2ª Edição, Vida Económica, 2013. ISBN: 9789727886579
Porto Editora;SNC - Sistema de Normalização Contabilística, 6ª Edição, Porto Editora, 2016. ISBN: 978-972-0-01983-7
Supplementary Bibliography
Sá Silva, Eduardo;Gestão Financeira - Exercícios Resolvidos, 2ª Edição, Vida Económica, 2013. ISBN: 9789727886975
Sá Silva, Eduardo; Martins, Carlos;Demonstração dos Fluxos de Caixa, Vida Económica, 2012. ISBN: 9789727885381
Borges, António; Rodrigues, Azevedo; Rodrigues, Rogério;Elementos da Contabilidade Geral - 26ª Edição, Áreas Editora, 2014. ISBN: 9789898058874
Learning Methods
The methodology of teaching / learning is based on the study of concepts and theoretical foundations of programmatic subjects, illustrated through the resolution and discussion 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 individual and 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
Assessment Components
Description
Type
Time (hours)
Conclusion Date
Attendance (estimated)
Lessons
45
Participação Presencial
15
Teste/Exame
3
Trabalho laboratorial ou de campo
10
Trabalho laboratorial ou de campo
15
Study
72
Total:
160
Continuous Assessment
Participation in contact sessions: 5%
Written work: 1 - 20%
Individual written tests: 2 - 75%
Under the terms of the Bachelor's Regulation:
1. 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).
2. 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.
3. 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).
4. 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.
Final Exam
Individual written test: 100%
Demonstration of the coherence between the teaching methodologies and the learning outcomes
The teaching methodology is based on the study of the concepts and theoretical foundations of the programmatic subjects and allows the students to be provided with the essential theoretical knowledge and their capacity to apply the methods and techniques of financial reporting to concrete cases.
In addition, the elaboration and discussion of practical cases, at individual and group level, allows to consolidate the preparation and critical spirit of the students in approaching the themes of the curricular unit.