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ISCTE-IUL  >  Education  >  LG

Financial Accounting II (2 º Sem 2016/2017)

Code: L0639
Acronym: L0639
Level: 1st Cycle
Basic: No
Teaching Language(s): English, Portuguese
Friendly languages:
Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1 6.0 0.0 h/sem 54.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 1.0 h/sem 55.0 h/sem 95.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2016/2017
Pre-requisites Not required
Objectives Students shall develop competency in financial accounting in order to (1). Demonstrate an appropriate mastery of the knowledge of the Financial Reporting framework and standards; (2). Apply critical thinking skills by developing the ability to identify and evaluate accounting problems and arrive at reasoned conclusions; (3). Demonstrate competency in utilizing the data and accounting information and search for authoritative answers to specific financial accounting issues to prepare financial statements and reporting.
Program 1. - Accounting harmonization: National accounting standards (SNC) and international accounting standards (IFRS); - Accounting policies, changes in estimates and errors.
2.Non-financial investments - 2.1. Concepts; - Recognition and measurement; - Government grants.
3.Current and Non-current liabilities, provisions and contingencies: - Direct and indirect taxes; - Provisions and contingencies; - Bank loans; - Leases.
4.Equity: - Businesses creation; - Transactions on equity with shareholders; - Other transactions on equity.
5.Financial investments: - Concepts; - Recognition and measurement.
6.Revenue and Construction Contracts: - Scope; - Revenue recognition and measurement.
7.Annual financial reporting: - Accounting year end closing process; - Reclassifications and adjustments.
Evaluation Method Two different processes:
1-Continuous evaluation:
Mid-term exam (25%);A group assignment, which may include an oral examination (25%); Final exam (50%)
Requirements:
At least 70% attendance; Minimum grade of 8 points in the mid-term exam and in the final exam
Access to final exam requires: a minimum of 10 points compounded average.
2-Final sitting exam(100%)
In both processes, further oral confirmation examination for final grades above 16 pts.
Teaching Method The acquisition of competencies defined, the following teaching-learning methodologies will be used (MEA): 1. Presentation of the theoretical frameworks. 2.Participative: resolution and analysis of case studies (CP); 3.Participative with CP analysis and discussion of study and / or handouts; 4.Activas with carrying out work and mini case group and / or individual; 5.Auto-study related to the independent student work, as contained in Planning.
Observations No.
Basic Bibliographic McKeith, J. and Collins, B. (2013). Financial Accounting and Reporting, 2nd Edition, London: McGraw-Hill.

Chaudhry, A.; Fuller, C.; Coetsee, D.; Rands, E.; Bakker, E.; van der Merwe, M.; Yeung, P; Varughese, S.; Mcllwaine, S.; Balasubramanian, T V (2016). 2016 Interpretation and Application of International Financial Reporting Standards (Wiley Regulatory Reporting), New Jersey: John Wiley & Sons.

KIESO, Donald E.; Weygandt, Jerry J.; Warfield, Terry, D. (2014). Intermediate Accoutning: IFRS Edition, 2nd Edition, New Jersey: Wiley.

CNC, (2016). Sistema de Normalização Contabilística (http://www.cnc.min-financas.pt/snc.html).
Complementar Bibliographic Borges, A.; Rodrigues, A.; Rodrigues, R. (2014).  Elementos de Contabilidade Geral; 26ª Edição, Lisboa: Áreas Editora.

IASB (2016), International Financial Reporting Standards.(http://www.ifrs.org/IFRSs/Pages/IFRS.aspx)

Lopes, I. T. (2017). Contabilidade Financeira: Preparação das Demonstrações Financeiras, sua Divulgação e Análise, 2ª Edição, Lisboa: Escolar Editora.