Accounting

Code:

CINF037

Acronym:

CONT

Instance: 2012/2013 - 2S

Active?	Yes
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Bachelor of Arts in Information Science

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
CINF	7	Plano Oficial a partir de 2008/2009	3	-	5	-

Teaching language

Portuguese

Objectives

This course unit aims to endow students with knowledge, which make them able to develop and interpret reports of accounting information, which underpin firms’ economic and financial analysis and are an integral part of the decision processes. This course unit also aims to acquaint students with the problems of management accounting which companies come across, giving a special emphasis to production, stocks and sales valuation.

Learning outcomes and competences

At the end of the course students are expected to interpret the main financial statements and be able to understand how the financial information is produced and organized.

Working method

Presencial

Program

Financial Accounting: Introduction: • Scope, notions, functions, target groups and branches of accountability; • Accounting standards; • Basic notions: asset, liability, equity capital, expenses and incomes; • Introduction to the main accounting procedures Balance Sheet: • Introduction • Recognition and measurement of assets and liabilities: o Cash and equivalents; o Accounts payable and receivable; o Inventories and biological assets; o Investments; o Adjustment, impairment and provision; o Capital, reserves and capital accounts; o Accruals and prepayments. Income Statement: • Introduction; • Recognition and measurement of elements of income statement; • Expenses and income; • Variations in production; • Results • Statement of results by nature and function • End of financial period operations Cash-flow statement: • Introduction; • Calculation methods; • Operation, investment and financing activities Statement of changes in equity: • Brief reference Appendices to Financial Statement: • Brief reference Management Accounting Introduction: • Financial accounting and management accounting • Objectives of management accounting • Concepts of production and its measurement Costs: fundamental concepts • Notion of cost; costs classification • Modeling factors of cost accounting • Costs classes Production costs: • Costing methods • Direct method cost • Indirect method cost Cases of joint and defective production: • Brief reference to measurement problems due to defective production, by-products, wastes and recyclable • Brief reference to measurement problems due to joint production; Cost allocation as an accounting issue Activity costing (ABC methodology): • ABC method • Characteristics of ABC method • Advantages and difficulties to implementing the ABC methodology

Mandatory literature

Caiado, António Campos Pires; Contabilidade analítica. ISBN: 972-510120-0
João Rodrigues; Sistema de Normalização Contabilística Explicado, Porto Editora, 2009. ISBN: 9789720326430
António Borges, Azevedo Rodrigues, Rogério Rodrigues; Elementos de Contabilidade Geral, Áreas, 2011. ISBN: 9789898058416.

Complementary Bibliography

António C. P. Caiado; Contabilidade de Gestão, 3 ed., Areas Editora, 2003. ISBN: 9789728472450
Pereira, Carlos Alberto Caiano; Contabilidade analítica
Victor Seabra Franco et al.; Contabilidade de Gestão - Volume 1 - O apuramento dos custos e a informação de apoio à decisão, Publisher Team, 2005. ISBN: 9789896010171
António Caiado e Joaquim Cabral; Casos Práticos de Contabilidade Analítica, Areas Editora, 2006. ISBN: 9728472870
António Borges, Emanuel Gamelas, José Pinhão Rodrigues, Manuela Martins, Nuno Magro, Pedro António Ferreira; Sistema de Normalização Contabilística - Casos Práticos, Áreas Editora, 2009. ISBN: 9789898058515

Teaching methods and learning activities

Theoretical classes: presentation of the themes of the course unit Tutorials: exercises resolution. Assignment

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Attendance (estimated)	Participação presencial	85,00
Exam	Exame	3,00	80,00
Assignement	Trabalho escrito	24,00	20,00
	Total:	-	100,00

Amount of time allocated to each course unit

Description	Type	Time (hours)	End date
Study	Estudo autónomo	60
Study	Estudo autónomo	70
	Total:	130,00

Eligibility for exams

According to General Evaluation Rules of FEUP

Calculation formula of final grade

Final Grade (normal exam) = 0.8 Exam + 0.2 Assignment Deadlines: - Groups constitution: March 1 - Final report: May 14 Delays: 1 point (out of 20) will be deduced from the final grade by each delay day. Final Grade (remedial exam) = 100 % Exam

Examinations or Special Assignments

Final Grade= 100% Exam

Special assessment (TE, DA, ...)

Final Grade= 100% exam

Classification improvement

Final Grade= 80% exam + 20% assignment