Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa

Module/Subject matter

External accounting.

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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

GP01 A capacity for analysis and synthesis

GP03 Oral and written communication in their mother tongue

GP06 The ability to search for and analyse information from different sources

GP12 Interpersonal skills

GP15 An ethical approach to work

GP17 A capacity for self-reliant learning

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Specific proficiencies

EP02 To identify sources of economic information relevant to their particular enterprise and their contents

EP03 To discern information and data relevant to their particular enterprise which a non-professional would be unable to recognise

EP04 To analyse business management problems, applying professional criteria based on the use of technical instruments

EP07 To assess the situation and foreseeable development of a company on the basis of the relevant records

EP16 To design accounting systems and produce internal and external accounting reports

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Learning outcomes

LO_A1. Basic accountancy theory and knowledge and its applications for decision making.

LO_A2. Report on the financial situation and analyze cash flows over a period of time using the appropriate financial statements.

LO_A3. Evaluate and argue the different effects of alternative accounting treatments on the basic financial statements of the company.

LO_A4. Understand and apply the current accounting standards.

LO_A5. Communicate in a clear and comprehensive way the results of the financial statement analysis using technical language.

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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

Additionally, the following minimum requirements will be applied:

Final exam: for attendance, none. To pass the course, minimum qualification of 5 out of 10.

Recovery exam: To pass the course, same requirement as for the final exam.

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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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