Accounting

Code:

EIG0027

Acronym:

C

Keywords
Classification	Keyword
OFICIAL	Economics and Finance

Instance: 2011/2012 - 2S

Active?	Yes
E-learning page:	http://moodle.fe.up.pt/
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Master in Engineering and Industrial Management

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIEIG	86	Syllabus since 2006/2007	3	-	6	70	160

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.

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	60,00
Exam	Exame	3,00
Essay	Trabalho escrito	24,00
	Total:	-	0,00

Amount of time allocated to each course unit

Description	Type	Time (hours)	End date
Exam study	Estudo autónomo	25
Study	Estudo autónomo	78
	Total:	103,00

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

Classification improvement

Final Grade= 100%*Exam