Curricular Unit:			Code:
General Accounting II			1175CG2
Year:	Level:	Course:	Credits:
1	Undergraduate	Business Sciences	8 ects
Learning Period:		Language of Instruction:	Total Hours:
Spring Semester		Portuguese/English	104
Learning Outcomes of the Curricular Unit:
The aim of this subject is getting an appropriate formation that will allow the understanding of the thematic areas of the Financial Accounting and the perception of the importance of the accountancy information in the decision process. In the end the student should be capable of making accounting records using all the classes of the Sistema de Normalização Contabilística, as well as master the concepts, the recognition and measurement criteria, the scope and the information to divulge in the Annex for each case.
Syllabus:
The importance of accounting information. Accounting harmonization: the influence of IASB normalization. The objective, the fundamental assumptions and the elements of financial statements. Accounting principles and policies. Detailed study of the national normative by thematic areas: Cash and Banks, Purchases of Goods and Services and other Operations with Suppliers, Personal Costs, Inventories and Biological Assets, Sales of Goods and Services and other Operations with Customers, Investments in Intangible Assets, Fixed Assets and Properties, Financial Investments, The Impact of Value Added Tax (VAT), Liabilities, Equity, Net Result for the Period and Imposto sobre o Rendimento de Pessoas Colectivas (IRC), Preparation and Presentation of Financial Statements.
Demonstration of the Syllabus Coherence with the Curricular Unit's Objectives:
Master the concepts, recognition and measurement criteria, scope, accounting, presentation and disclosure of facts relating to Cash and Bank Deposits; Purchases of Goods and Services and Other Operations with Suppliers; Expenditures and Personnel Operations; Sales of Goods and Services and Other Operations with Customers; Investments in Intangible Assets, Fixed Tangible Assets and Investment Properties; Financial Investments (Temporary and Permanent); VAT; Liabilities (Financing and Contingent) and Equity. Identify differences between fiscal law and accounting law. Prepare the computation of the results; account and calculate advance payments, withholding taxes, tax for the period and deferred taxes. The principal international organizations emanating accounting standards are presented and their importance to the international accounting harmonization is emphasized. Know the development bases and models of the main financial statements.
Teaching Methodologies (Including Evaluation):
The teaching methodology is explanatory and participatory in nature and includes the presentation of concepts, accompanied by practical examples, and the resolution and analysis of case studies. The evaluation of skills will be measured based on the realization of 3 intermediate assessment tests (with a weight of 1/3 each in the final grade).
Demonstration of the Coherence between the Teaching Methodologies and the Learning Outcomes:
Once presented and exemplified the concepts, recognition and measurement criteria, as well as the presentation and disclosure several practical cases of accounting facts related to Cash and Bank Deposits; Purchases of Goods and Services and Other Operations with Suppliers; Expenditures and Personnel Operations; Sales of Goods and Services and Other Operations with Customers; Investments in Intangible Assets, Fixed Tangible Assets and Investment Properties; Financial Investments (Temporary and Permanent); VAT; Liabilities (Financing and Contingent) and Equity are solved. The concepts related to the computation of the results, advance payments, withholding taxes, the calculation of the tax for the period and deferred taxes are presented and exemplified based on the precepts of the SNC and Tax Code on Corporate Income (IRC). Its execution is done through case studies. The main international bodies emanating accounting standards are introduced, namely the International Accounting Standards Board (IASB), the European Union, the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC), as well as some of the IASB standards and its importance to the international accounting harmonization. The main objectives of the financial statements, its fundamental assumptions, bases and models for their development are identified and the main financial statements of the SNC are presented. This methodology allows the achievement of the specific objectives set in each point and that the students gain as general competences: (i) the capacity and autonomy to solve problems; (ii) the ability to apply knowledge and (iii) the capacity to work independently and in groups.
Reading:
Borges, A., Rodrigues, A. e Rodrigues, R. (2014). Elementos de Contabilidade Geral. 26ª Edição, Lisboa, Áreas Editora. Costa, C. B. e Alves, G. C. (2014). Contabilidade Financeira. 9ª Edição, Lisboa, Rei dos Livros. Rodrigues, J. (2017). Sistema de Normalização Contabilística – SNC Explicado. 6ª Edição, Porto, Porto Editora.
Lecturer (* Responsible):
José Ferreira de Carvalho (jscarvalho@ufp.edu.pt)