Advanced Financial Accounting (2225.YR.001460.1)

General information

Type:	OBL	Curs:	1	Period:	S semester
ECTS Credits:	4 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Marti Guasch Mercadé	Economía, Finanzas y Contabilidad	CAT, ENG, ESP

To take this course, students must have completed the Introduction to Financial Accounting course (Accounting and Financial Analysis I).

Lectures: 13 sessions
Participatory sessions: 13 sessions
Independent study: 64 hours

The Advanced Financial Accounting course serves to consolidate and expand the knowledge students have of corporate financial statements. It is based on the knowledge acquired in the Introduction to Financial Accounting class (Accounting and Financial Analysis I) as well as their knowledge of corporate economic-financial reality. It further explores the complexities that arise and affect corporate financial statements while also exploring companies' internal accounting and cost accounting processes.

The course comprises two subject blocks:

Block I:
The first part focuses more on preparing financial statements and registering the different transactions that take place between the company and the exterior, transactions which are more complex than those examined in the introductory course. The aim of this first part is for students to understand how different business decisions affect financial statements and how the different transactions are reflected in the latter.


Block II:
The goal of the second part is to provide students with a theoretical and practical cost accounting framework with a special focus on its importance in corporate decision-making processes. By the end of this second part, students will understand how costs behave, their classification and application when valuating inventory and decision-making.

Upon completing this course students, should be able to:

- Understand the accounting principles and regulations currently in place and how they work.
- Develop the criteria needed to differentiate relevant data from irrelevant informtion.
- Understand the meaning of financial statements and how they're affected by the accounting events within the company.
- Apply the necessary rigour when registering accounting events.
- Prepare financial statements based on their knowledge of accounting principles and regulations.
- Know how to classify different costs depending on their behaviour.
- Understand and know how to calculate different items in the company's inventory as well as how they are reflected in financial statements.
- Understand and know how to apply different cost systems.
- Understand the relation between cost, volume and benefits and know how to make decisions in this area.

1. Financial and non-financial periodization and provisions

2. Financial assets and liabilities

3. Subsidies/grants. Exchange rate.

4. Net assets. Statement of changes in net assets.

5. Introduction to cost accounting

6. Cost classification according to their behaviour

7. Cost-volume-benefits analysis and pricing decisions

8. Full and process costing. Inventory valuation

9. Activity-based costing

To achieve the learning objectives for this class, lectures will serve to introduce the concepts to students and provide them with material (notes and readings). To assimilate these concepts, students will be required to complete simple exercises every week for which they'll receive feedback in the participatory sessions. Self-assesstment tests are also available to help students to check their progress. At the end of each block, students will complete an exam which covers the material examined in each.

Royal Decree 1/2021, modifying the General Accounting Plan

General Accounting Plan 2008 (revised in 2021)

Alexander, D.; Nobes, Ch. (2007): Financial Accounting: An International Introduction. Harlow: Financial Times; Prentice Hall.

Davila, A.; Oyon, D. (2018): Malea Fashion District. How successful managers use financial information to grow organizations. 3.ª ed.

Drury, C. (2018): Management Accounting for Business. 7.ª ed. Cengage Learning.

Drury, C.; Tayles, M. (2020): Management and Cost Accounting. 11.ª ed. Cengage Learning.

Group	Teacher	Department
Year 1	Marti Guasch Mercadé	Economía, Finanzas y Contabilidad