Accounting Theory I

Code:

LGE202

Acronym:

TC I

Keywords
Classification	Keyword
OFICIAL	Business Sciences

Instance: 2004/2005 - 1S

Active?	Yes
Web Page:	http://www.fep.up.pt/disciplinas/LGE202/
Responsible unit:	Department of Management
Course/CS Responsible:	Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
GES	245	Official Curricular Structure since 2004	2	3		-

Objectives

There are five main learning objectives:
i) to give students a thorough perception of the accounting system positioning in the firm; ii) to discuss the accounting system structure; iii) to discuss the accounting expression of financial statement components; iv) to prepare the financial statements; v) to introduce discussion on the accounting information conceptual framework.

Program

I. Revisiting the firm and its accounting information
1. Introduction: the firm and its accounting
2. Accounting transactions
3. The relation between financial statements

II. Financial accounting system
1. TopCom accounting system
2. The accounting system as a component of the internal control system
3. Accounting information
4. The role of the accountant

III. The Balance Sheet
1. Discussion of TopCom transactions
2. Revisiting the Balance Sheet
3. Reading the Balance Sheet
4. Introduction to accounting harmonisation

IV. The Income Statement
1. Discussion of TopCom transactions
2. Revisiting the Income Statement
3. Reading the Income Statement
4. Introduction to accounting harmonisation

V. The Cash Flow Statement
1. Discussion of TopCom transactions
2. Revisiting the Cash Flow Statement
3. Reading the Cash Flow Statement
4. Introduction to accounting harmonisation

VI. Introduction to the accounting information conceptual framework
1. Discussion of the accounting consequences of TopCom request to be listed on an American exchange
2. The accounting information conceptual framework
3. International accounting harmonisation

Main Bibliography

Financial Accounting: a new perspective
Solomon, P.
Publisher: McGraw Hill, Irwin

Complementary Bibliography

Introduction to Financial Accounting
Horngren, C., Sundem, G. and Elliott, J.
Publisher: Prentice-Hall International, 8th edition

Contabilidade Financeira
Costa, C. B. and Alves, G. C.
Publisher: Rei dos Livros

Elementos de Contabilidade Geral
Borges, A., Rodrigues, A. E Rodrigues, R.
Publisher: Áreas Editora

Teaching methods and learning activities

Lectures comprising theoretical exposure of the subjects and resolution of pratical examples.

Evaluation Type

Calculation formula of final grade

The weighted average of the classification of the essay (20%) and final exam (80%)
or
The classification of the Final Exam.

Examinations or Special Assignments

The group essay is intended to give students a first contact with a real company and study its accounting system.
The group is 3 students maximum.