Financial Accounting I

Code:

LEC105

Acronym:

CONT I

Keywords
Classification	Keyword
OFICIAL	Business Sciences

Instance: 2008/2009 - 1S

Active?	Yes
Responsible unit:	Department of Management
Course/CS Responsible:	ECONOMICS

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ECO	2	Official Curricular Structure since 2004	1	3	7	-

Teaching language

Portuguese

Objectives

There are five main learning objectives:
i) to give students a thorough perception of the firm and its accounting system; ii) to discuss the importance of accounting information and its addressees; iii) to be familiar with financial statements, their components and preparation; iv) to discuss accounting principles and the required characteristics of accounting information; v) to introduce financial statement analysis.

Program

I. Introduction: the firm and accounting
1. The firm at the center of the analysis
2. Introduction to the accounting process
3. The importance of Accounting
4. Professionals directly related to the accounting information process

II. Accounting transactions
1. Discussion of TopCom transactions
2. The impact of transactions on the Balance sheet
3. The impact of transactions on the Income Statement and Cash Flow Statement
4. Introduction to accounting information production

III. The relation between financial statements
1. Discussion of TopCom transactions
2. Preparing financial statements
3. The relation between financial statements
4. Interim financial statements

IV. 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

V. The Balance Sheet
1. Discussion of TopCom transactions
2. Revisiting the Balance Sheet
3. Reading the Balance Sheet

VI. The Income Statement
1. Discussion of TopCom transactions
2. Revisiting the Income Statement
3. Reading the Income Statement

Mandatory literature

Paul Solomon; Financial Accounting: a new perspective, McGraw Hill:Irwin, 2004. ISBN: 0-07-284034-X

Complementary Bibliography

Horngren, C., Sundem, G. e Elliott, J.; Introduction to Financial Accounting, Prentice-Hall International, 8th edition, 2002. ISBN: 0-13-042362-9
Costa, C. B. e Alves, G. C.; Contabilidade Financeira, Rei dos Livros
Borges, A., Rodrigues, A. e Rodrigues, R.; Elementos de Contabilidade Geral, Áreas Editora
Borges, A. e outros; Contabilidade e Finanças para a Gestão, Áreas Editora

Teaching methods and learning activities

Lectures comprising theoretical exposure and resolution of pratical examples.

It is forbiden to use the official accounting plan (POC) during the exams; it is also forbidden the use of alphanumeric calculators.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	0,00
	Total:	-	0,00

Eligibility for exams

Students assessment will be done under the Regulamento de Avaliação de Conhecimentos, in particular its Art.º 7º.
There are two ways of evaluation:
i) “Continuous evaluation without final exam”, which means:
• 3 partial exams, the last of which will be held at the date of the final exam;
• each of these partial exams will have the same weight on the final grade;
• a missed exam is rewarded with a zero grade.

Alternatively,
ii) “Final exam”, that is a written exam at the end of the semester.

Calculation formula of final grade

i) “Continuous evaluation without final exam”:
• the simple average of the three partial-exams;

ii) “Final exam”:
The final grade is the classification obtained in the final exam.

Observations

The evaluation aspects not specifically mentioned above are ruled by the general "Regulamento da Avaliação de Conhecimentos".