5 ECTS; 1º Ano, 1º Semestre, 56,0 TP , Cód. 606720.
Lecturer
- José Manuel Lopes Farinha (1)(2)
(1) Docente Responsável
(2) Docente que lecciona
Prerequisites
- Not Applicable
Objectives
1. Understand the importance of accounting as useful information for decision-making; become familiar with the Portuguese Accounting Standardization System (SNC); master the concepts and techniques of accounting records for patrimonial events; and understand the main Financial Statements.
2. Recognize the limitations of Financial Accounting and identify the usefulness of Management Accounting.
3. Understand the tax system in a general way.
Program
1 Accounting
1.1 General Framework
1.1.1 Concept of Economic Entity
1.1.2 The Origin of Accounting
1.1.3 Concept and Purpose of Accounting
1.2 Fundamental Concepts of Financial Accounting
1.3 General Considerations
1.3.1 The role of accounting as a management tool
1.3.2 Fundamental accounting concepts: Assets and their constituent elements
1.3.3 Patrimonial events
1.3.4 Fundamental accounting equation
1.3.5 The concept, classification, and characterization of accounts
1.3.6 Accounting recording methods
1.3.7 Entries and their types
1.4 Conceptual Framework
1.4.1 Objectives of Financial Statements (FS)
1.4.2 Assumptions underlying the preparation of FS
1.4.3 Definition, recognition, and measurement of FS elements
1.5 Presentation and Classification of Elements in Financial Statements
1.6 Brief Analysis of Accounting Standardization in Portugal
1.7 Study of Accounts from All Classes
1.8 Preparation of Financial Statements
2 Management Accounting
2.1 Fundamental Concepts of Management Accounting
2.2 Scope and Objectives of Management Accounting
2.3 Cost Classification and Determination of Results by Function
3 Taxation
3.1 Concept of Tax
3.2 Tax-related Figures
3.3 Tax Phases
3.4 Types of Taxes
3.5 Portuguese Tax Structure
Evaluation Methodology
Two modes of assessment:
1. Continuous assessment:
- Two mini-tests (20%+20%=40%).
- Individual final test (60%)
- Minimum grade in midterm and final test: 7 points (in all evaluations)
- Students with a final grade of 9.5 or higher (weighted average) will be approved.
- Grade defense: for final grade higher than 18 points. Non-presence implies assigning 18 rating
- The remaining students will be admitted to the Exam.
2. Non-Continuous Assessment - Examination and Appeal Exams:
- Written test (100%)
- Grade defense: for final grade higher than 18 points. Non-presence implies assigning 18 rating.
Bibliography
(2020). Contabilidade Financeira Explicada, 4.ª Edição. Porto: Vida Económica
(2021). Elementos de Contabilidade Geral. Lisboa: Áreas Editora
(2022). Impostos Teoria Geral. Coimbra: Almedina
(2022). SNC - Sistema de Normalização Contabilística, 6.ª Edição. Porto: Porto Editora
Teaching Method
Expository and demonstrative method, using slide projection. A research-based methodology is employed for the development of pedagogical simulation assignments with practical case studies.
Software used in class
- Not Applicable
