Accounting

Code:

EIG0027

Acronym:

C

Keywords
Classification	Keyword
OFICIAL	Economics and Finance

Instance: 2015/2016 - 2S

Active?	Yes
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	92	Syllabus since 2006/2007	3	-	6	70	162

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 term it is expected that students are able to correctly understand how the financial information is produced and the type of information that is provided in the maim financial statements. It is also expected that students are bale to correclty cost the production of a product.

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

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

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

Designation	Weight (%)
Exame	70,00
Trabalho de campo	30,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	75,00
Frequência das aulas	75,00
Trabalho de investigação	24,00
Total:	174,00

Eligibility for exams

According to General Evaluation Rules of FEUP

Calculation formula of final grade

Final Grade (normal exam) = 0.7 Exam + 0.3 Essay

Minimum exam grade for the essay grade to be considered for the final grade calculation: 8

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. 

Number of elements in group: 6

 

Examinations or Special Assignments

Final Grade= 100%*Exam

Special assessment (TE, DA, ...)

Final Grade = 100% Exam

Classification improvement

100% Exam