Advanced Accounting

Code:

2GE17

Acronym:

AA

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2014/2015 - 2S (of 18-02-2015 to 17-06-2015)

Active?	Yes
Responsible unit:	Management
Course/CS Responsible:	Master in Management

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIM	0	Bologna Official Syllabus	1	-	7,5	56	202,5

Teaching language

English

Objectives

This course leads students to practical and conceptual aspects of financial accounting. Students will gain a strong understanding of financial reporting. Case studies and examples will be employed throughout the course to foster discussion and promote the application of financial reporting concepts to real-life issues.

At the end of the course, students should understand that: • Accounting is a language that helps to inform business decision making; • Financial accounting is based on a set of rules and accounting standards, called financial accounting standards; • Financial accounting is a process, it is an information system; it transforms data into output; • Financial accounting information for decision making is disclosed in the annual report and in the consolidated report. 

Learning outcomes and competences

Intended Learning Outcomes

1. Knowledge & Understanding

1.1. Discuss the accounting standards in force in the European Union;

1.2. Explain how accounting information can be used for management

1.3. Describe how financial accounting transforms data into output

1.4. Explain the information disclosed in the annual report and in the consolidated report

1.5. Explain the relation between the balance sheet, the income statement and the cash flow statement

2. Intellectual Skills

2.1. To interpret and apply accounting principles and measurement criteria in the analysis of accounting documents

2.2. To analyze and interpret the main accounting statements (annual and consolidated accounts)

2.3. To appraise the financial condition of the firm using accounting statements

3. Practical Skills

3.1 Analyse, operate, calculate and relate different accounting concepts

3.2 Research, discuss and present themes and cases which require substantial accounting reflection and judgment

3.3 Develop accounting arguments and communicate them in a pluralist setting

3.4 Find, examine and collect relevant data in financial reports and statements

4.Transferable Skills

4.1. Interact with members in a group to produce accounting reports for external parties with time and data constraints

4.2. Extract insights from accounting information, and use those insights to communicate, persuade and motivate change

4.3. Critically Identify the role of company and the accountant in the production of true and fair accounting information

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

Introductory concepts of accounting

Program

BASICS and FUNDAMENTALS

1. Accounting: A language for business

2. Financial accounting: main concepts and financial statements

3. Financial Accounting: interrelations and processes

4. Accounting Principles and End-of-period adjustments

5. Accounting regulation and Financial Reporting

SPECIFIC TOPICS

6. Specific topics, using IASB accounting standards: a) Revenue recognition b) Tangible assets c) Intangible assets d) Inventories e) Other current assets: receivables, marketable securities and cash f) Shareholders’ equity g) Liabilities, provisions and contingent liabilities h) Business combinations

7. Cash Flow Statement

8. Management Report or Management Commentary

9. Audit report on financial statements and management report

Mandatory literature

Stolowy, H., Lebas, M. J. and Yuan Ding; Financial Accounting and Reporting: A Global Perspective, CENGAGE Learning Business Press, 2010. ISBN: 9781408021132

Teaching methods and learning activities

Lectures: 3 hours per week (13 weeks) Coaching: 12 hours Final Exam: 1,5 hours Individual Study: 39 hours Assignments: 20 hours

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	70,00
Participação presencial	30,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Elaboração de relatório/dissertação/tese	20,00
Estudo autónomo	39,00
Frequência das aulas	39,00
Total:	98,00

Eligibility for exams

A. Final Exam: 70% weighting B. Class participation: 30% weighting (assessed by delivery/discussion of individual assignments, as well as, attendance in classes)

Calculation formula of final grade

A. Final Exam: 70% weighting B. Class participation: 30% weighting (assessed by delivery/discussion of individual assignments, as well as, attendance in classes)