Basics of Financial Accounting (2215.YR.004249.1)

General information

Type:	OBL	Curs:	1	Period:	S semester
ECTS Credits:	3 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Mar Vila Fernández-Santacruz	Economía, Finanzas y Contabilidad	CAT, ESP

Workload distribution:
Lectures: 5 hours
Participatory sessions: 20 hours
Independent study: 40-50 hours

The Accounting and Financial Analysis I subject is an introduction to corporate economic-financial reality. The course covers basic business financial statements through the study of accounting events or simple situations often based on personal experience, thereby making them easier to understand. Upon completing this subject, students will have attained a solid grounding in the subject, enabling them to study more complex situations affecting financial statements as well as undertake subsequent analyses and decision-making.

Upon completing this course students should be able to:
- Recognise the realities that generate accounting events
- Evaluate and understand the usefulness of accounting for other areas of a company as well as externally
- Understand how accounting works and be familiar with the basic principles and criteria it is based on.
- Understand the meaning of individual financial statements and how they are affected by the simple accounting events that occur in a company.
- Draft simple financial statements based on simple accounting events.

1. Knowledge acquisition, comprehension and structuring

2. Application of knowledge to achieve results

3. Taking decisions / making judgments

1. Basic concepts Content: Introduction to the accounting function. Current legislation. Annual accounts. Key elements: Equity; balance sheet; assets and liabilities; net equity; equity components; accounting events; accounting equivalents; income/expenses/profits. Profit and loss account. General Accounting Plan. Accounting principles. Accounting groups. Accounts. Preparing financial statements: Books. Adjustments and closure. Full fiscal year. Activities: Independent study: Reading course notes and completing simple exercises/case studies (or addressing doubts that arise in undertaking these). Assessment: Independent work. Feedback on activities.

2. Current assets/liabilities (non-financial) Content: Treatment of inventories. Inventory purchases/sales and variations. Debtors and creditors. Trade bills. Valuation policies. Operating income and expenses. Activities: Independent study: Reading course notes and completing simple exercises/case studies (or addressing doubts that arise in undertaking these). Assessment: Independent work. Individual test. Feedback on activities.

3. Non-current assets/liabilities (non-financial) Content: Tangible fixed assets: Amortisation, deterioration and depreciation. Valuation norms. Intangible assets: Amortisation, deterioration and depreciation. Valuation norms. Operating income and expenses. Activities: Independent work: Reading course notes and completing simple exercises/case studies (or addressing doubts that arise in undertaking these). Assessment: Independent work. Individual test. Feedback on activities.

To achieve the course objectives, faculty will introduce the concepts and provide students with materials (notes and readings). To consolidate the concepts taught, students will have to complete simple weekly exercises. They will also receive feedback during the participatory sessions. Self-assessment tests are also available to help students. At the end of the course there will be a final exam on all the material covered in class.

ASSESSMENT BREAKDOWN

Short bibliography:

Nuevo Plan General de Contabilidad. Real Decreto 1514/2007 de 16 de noviembre (2008). Madrid: Ed. Paraninfo, Cengage Learning. ISBN: 978-84-283-3021-3.

Pla General de Comptabilitat : text complet / correcció tècnica realitzada per Eusebi Carnicero Manrique; ACCID Publicación Barcelona : Associació Catalana de Comptabilitat i Direcció, 2007.

Contabilidad básica. Lizcano Alvarez, Jesús. Barcelona : Gestión 2000, cop. 2004.

Financial accounting: an international introduction / David Alexander, Christopher Nobes. Publicación Harlow: Financial Times: Prentice Hall, cop. 2007.

Group	Teacher	Department
Year 1	Mar Vila Fernández-Santacruz	Economía, Finanzas y Contabilidad