Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa

Contents

Once analyzed the basics of the accounting model and cycle and the accounting treatment of the main operating activities of the company, this second course in financial accounting is intended to complete with the accounting treatment of the investing and financing activities carried out by the corporations. Accounting solutions provided by the International Financial Reporting Standards issued by the IASB are discussed in each chapter. Firstly, we study the problems related with the acquisition, use and disposal of the basic tangible and intangible infrastructure of the company and with leases. Subsequently the different types of financial assets and liabilities and other financing alternatives such as equity, subsidies and provisions are faced. Finally we deal with the accounting for income taxes. Throughout the course the effects of the above accounting treatments on the annual accounts of the company (balance sheet, income statement and cash flow statement mainly) are permanently present.

Once analyzed the basics of the accounting model, the stages of the accounting cycle and the main operating activities of the company, this second course in financial accounting is intended to complete with the accounting treatment of the investing and financing activities carried out by the corporations. Accounting solutions appearing in the International Financial Reporting Standards issued by the IASB are discussed in each chapter. Firstly, we study the problems related with the acquisition, use and disposal of the basic tangible and intangible infrastructure of the company and with leases. Subsequently the different types of financial assets and liabilities and other financing alternatives such as equity, grants and provisions are faced. Finally we deal with the accounting for income taxes. Throughout the course the effects of the above accounting treatments on the annual accounts of the company (balance sheet, income statement and cash flow statement mainly) are permanently present as well as the Conceptual Framework for Financial Reporting.

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Descriptors

Accounting for specific transactions, financial statements, decision making.

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General proficiencies

CG01. Analysis and synthesis skills 
CG03. Oral and written communication skills 
CG06. Ability to search and analyze information from varied sources 
CG12. Social skills 
CG15. Ethic behaviour in the job 
CG17. Self-directed learning

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Specific proficiencies

CE02. Identify relevant economic information and its content 
CE03. Recognize information from data in a professional way 
CE04. Apply professional criteria and technical tools to solve business problems 
CE07. Assess the financial position and future performance of a company 
CE16. Design a basic accounting system and compile accounting information for external and internal users

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Methodology

The course is organized around two 100-minute sessions per week: a lecture and a lab session. Power point and other material used will be taken mostly from the textbook website. For each session there will be assigned readings and problems from the book. Active student involvement in the learning process is encouraged. In order to participate, students will have to be prepared. It is virtually impossible to do well in this class without devoting a considerable amount of time to reading in advance and solving homework assignments. Regular attendance and active participation are expected. Groups of 2 and 4 students will be organized for the different activities and presentations.
Six office hours will be available each week. A MiAulario web course will also be available which will contain copies of course materials (the course outline and schedule, lecture power point notes and solutions for some of the cases) and other accounting-related information. You can communicate with the lecturer and your classmates using the communication functions of the web course.
Students are expected to do different kinds of work for this course. The learning activities and the total number of hours students should devote to each task are provided in the following table:

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Languages

English

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Evaluation

Continuous assessment: 30%. Exams: 70%. Only the exams part will be considered recoverable.

Additionally, the following minimum requirements will be applied:

Final exam: for attendance, none. To pass the course, minimum qualification = 4 out of 10 (2.8 if out of 7).

Recovery exam: for attendance, the student must have previously "tried without success". This means a minimum qualification of 1 out of 3 in the continuous assessment. To pass the course, same requirement as for the final exam. A more detailed version of activities-competences is the following:

* Participation and discussion in lectures and lab sessions 10%
* Team presentations and case assignments 20%
* Exams 70%

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Agenda

Unit 1. Acquisition Use and Disposition of Property, Plant and Equipment
Unit 2. Accounting for Leases
Unit 3. Intangible Assets
Unit 4. Investments and other financial assets
Unit 5. Financial Liabilities, Provisions and Other Contingencies
Unit 6. Equity
Unit 7. Accounting for Income Taxes
Unit 8. Other Accounting Issues and Financial Statements

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Bibliography

Access the bibliography that your professor has requested from the Library.

Kieso, E., Weygandt, Jerry J. and T.D. Warfield (2011). Intermediate Accounting. IFRS Edition. Volume 1. Wiley (ISBN 978-0-470-61630-7)

Kieso, E., Weygandt, Jerry J. and T.D. Warfield (2011). Intermediate Accounting. IFRS Edition. Volume 2. Wiley (ISBN 978-0-470-61631-4)

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Location

Aulario UPNA, Campus Arrosadía, Pamplona

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