Publication in the Diário da República: Despacho nº 13772/2014 - 12/11/2014
6 ECTS; 1º Ano, 1º Semestre, 30,0 T + 45,0 PL , Cód. 90565.
Lecturer
- Carla Maria Freitas dos Santos Joaquim (1)(2)
(1) Lead Professor
(2) Teaching Professor
Prerequisites
Not applicable.
Objectives
1. Understand the importance of accounting within management information systems as an element that provides useful information for decision-making;
2. Know the conceptual structure and valuation criteria of the SNC (National Accounting System);
3. Know and apply the SNC;
4. Know the mechanics of the double-entry bookkeeping process;
5. Know the accounting recording process (from the journal to the income statement and balance sheet);
6. Study - treatment and accounting recording - of business operations in the operating cycle - accounts of the classes of Liquid Financial Resources (MFL), Inventories and Biological Assets (I) and Accounts Receivable and Payable (CRP).
7. Understand the importance and risks of using digital tools and artificial intelligence.
Program
1. Introduction:
1.1. General Considerations
1.2. International and National Accounting Framework
1.2.1. Brief considerations on the Universal History of Accounting
1.2.2. Brief approach to accounting standardization
1.2.3. Accounting standardization in Portugal
1.3. Accounting as an Information System
1.3.1. The evolution and role of accounting as a management tool
1.3.2. Concepts of financial accounting and accounting divisions
1.3.3. The various users of accounting/financial information
1.3.4. The importance of financial information for economic decision-making
2. Fundamental Concepts of Accounting:
2.1. Assets and Their Constituent Elements:
2.1.1. Equity events
2.1.2. Fundamental accounting equation
2.2. Inventory and Balance Sheet
2.3. Account: Concept, Classification, and Characterization
2.4. Accounting Recording Methods
2.5. Journal Entries and Their Types
2.6. The Journal and the Ledger
2.7. Articulation between Journal and Ledger
2.8. Trial Balances
2.9. Transaction Cycles
2.10. Financial Statements (FS)
3. Preparation and Presentation of Financial Statements:
3.1. The Conceptual Framework
3.2. Objectives of the FS
3.3. Underlying Assumptions for the Preparation of the FS
3.4. Qualitative Characteristics of the FS
3.5. Restrictions on Relevant and Reliable Information
3.6. The Definition, Recognition, and Measurement of the Elements of the FS
3.7. The Concepts of Capital and Capital Maintenance
3.8. Structure and Content of Financial Statements (NCRF 1)
3.9. Presentation and Classification of Elements (items) in Financial Statements
3.10. Financial Statements: Their Elements
4. The Accrual Basis Concept of Accounting Period and the Importance of Accruals and Deferrals:
4.1. Concepts
4.1.1. Accruals and Deferrals (Assets)
4.1.2. Accruals and Deferrals (Passives)
5. Theoretical Approach to the Tax on the Circulation of Goods and Services (ICMS) and Income Tax:
5.1. ICMS in Purchase and Sale Operations
5.1.1. General Aspects
5.1.2. Main Administrative and Accounting Obligations
5.1.3. Deductible VAT
5.1.4. ICMS Settled
5.1.5. VAT Adjustments
5.2. Income Tax
6. Accounting for Business Operations:
6.1. The Operating Cycle
6.1.1. Liquid Financial Resources - Standards: NCRF 2, 23 and 27
- Main Concepts
- Study of accounts: Cash, Demand Deposits and Other Deposits, Financial Instruments
- Disclosures
6.1.2. Accounts Receivable and Accounts Payable - Rules: NCRF 5
- Main Concepts
- Study of accounts: Customers, Suppliers, Financing Obtained, State and Other Public Entities, Shareholders/Partners, Other Accounts Receivable and Payable, Personnel
6.1.3. Inventories and Biological Assets - Standards: NCRF 18
- Main Concepts
- Inventory Systems (Permanent and Intermittent)
- Recognition and Measurement.
7. Digital tools to support accounting work.
Evaluation Methodology
1. Avaliação contínua:
- Dois testes (35%+35%=70%), sendo a nota mínima a média de 7 valores nos dois testes;
- Trabalho em grupo (30%) sendo a nota mínima de 10 valores;
- Obterão aprovação os estudantes com classificação final igual ou superior a 9,5 valores (média ponderada).
- Defesa de nota: para classificação final superior a 16 valores. A não presença implica a atribuição da classificação de 16 valores
- Os restantes estudantes serão admitidos a Exame
2. Avaliação não contínua
- Exame (época normal) Prova escrita (70%) + Trabalho desenvolvido em avaliação contínua (30%), opcionalmente Prova Escrita 100%.
- Exames de Recurso e restantes épocas: Prova escrita (100%).
- Defesa de nota: para classificação final superior a 16 valores. A não presença implica a atribuição da classificação de 16 valores
Bibliography
- Borges, A. e Ferrão, M. (2012). Manual de Casos Práticos. Lisboa: Áreas Editora
- Borges, A. e Rodrigues, A. e Rodrigues, J. e Rodrigues, R. (2021). Elementos de Contabilidade Geral. Lisboa: Áreas Editora
- Costa, C. e Alves, G. (2021). Contabilidade Financeira . Lisboa: Rei dos Livros
- Lourenço, I. e Morais, A. e Lopes, A. (2020). Fundamentos de Contabilidade Financeira. Lisboa: Edições Sílabo
- Rodrigues, J. (2022). SNC - Sistema de Normalização Contabilística. Porto: Porto Editora
Teaching Method
The methodologies to be used are the expository method, using slide projection, the deductive and inductive methods, including documentary research, and artificial intelligence. The pedagogical simulation methodology is also employed.
Software used in class
Not applicable.
