Introduction to Accounting

Code:

1GE106

Acronym:

ICONT

Keywords
Classification	Keyword
OFICIAL	Management Studies

Instance: 2020/2021 - 2S

Active?	Yes
Responsible unit:	Management
Course/CS Responsible:	Bachelor in Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LGES	273	Bologna Syllabus since 2012	1	-	6	63	162

Teaching language

Portuguese

Objectives

The program presented below reflects, in terms of structure, the main objectives of the subject proposed, such as: i) introducing studenst to business transactions and Accounting, ii) describe the accounting modeling and the main financial statements, iii) present the accounting information system, its main components, implementation and operation, iv) introducing the Balance Sheet and Income Statement.

Learning outcomes and competences

By the end of the course, the student must be able: i) to know the relationship between a Company and Accounting, ii) to describe the accounting modeling and the main financial statements, iii) to collaborate in setting up and operating an accounting information system, iv ) to prepare, interpret and analyse the Balance Sheet and, at a more introductory level, the Income Statement.

Working method

Presencial

Program

I. The Company and Accounting

II. Accounting modeling and major financial accounting statements

III. The accounting information system

1. Elements of an accounting information system
2. Implementing and operating an accounting information system
3. Exercises.

IV. Introduction to the Balance Sheet and Income Statement

1. The Balance Sheet
1.1. The information provided by the Balance Sheet
1.2. The recognition and valuation of the Balance Sheet components
- Cash and Banks
- Accounts receivable and payable
- Inventories and biological assets
- Investments
- Adjustments, Impairment and Provisions
- Capital, reserves and retained earnings
- Accruals and Deferrals
1.3. Exercises.

2. The Income Statement
2.1 The information provided by the Income Statement and the operations at end of period
2.2. The temporal dimension in the Income Statement
- "Matching" of Expenditures and Revenues
2.3. Exercises

Mandatory literature

António Borges, Rogério Rodrigues, Azevedo Rodrigues; Elementos de Contabilidade Geral, Áreas Editora, 2014. ISBN: 9789898058874

Teaching methods and learning activities

In presence; online if required due to the pandemic context.

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	75,00
Teste	25,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	99,00
Frequência das aulas	63,00
Total:	162,00

Eligibility for exams

All enrolled students can take the exam.

Calculation formula of final grade

1. Distributed assessment:
Final grade: MAX (0,25*T1 + 0,75*FT; FT)
where,
T1 – First test
FT - Final (global) test; minimum grade: 6

2. Assessment by final exam (100%)

Classification improvement

Final Exam

Observations

There is the possibility to make assessments to justify a grade (for final grades above 17.5), which may be oral assessments. 

For in-presence evaluation, the evaluation of students in isolation due to Covid-19 may be done through oral or on-line tests, to be decided by the lecturers based on the number of involved students.