Course code: 174201 | Subject title: FINANCIAL ACCOUNTING I | ||||
Credits: 6 | Type of subject: Basic | Year: 1 | Period: 2º S | ||
Department: Gestión de Empresas | |||||
Lecturers: | |||||
HUSILLOS CARQUES, FCO. JAVIER (Resp) [Mentoring ] |
Concepts of wealth, equity, assets, liabilities and income. Bookkepping fundamentals. Firms accounting cyrcle. IFRS. Accounting treatment of standard business operations.
GP01 Capacity for analysis and synthesis
GP02 Capacity for organize and planing.
GP04 Oral and written communication in a foreing language
GP06 The ability to search for and analyse information from different sources
GP07 Capacity for solve problems.
GP08 Capacity for make decisions.
GP09 Capacity for work in group.
GP12 Interpersonal skills
GP15 An ethical approach to work
GP17 Capacity for self-reliant learning
CG24 Human rights committment
SP02 To identify sources of economic information relevant to their particular enterprise and their contents
SP03 To discern information and data relevant to their particular enterprise which a non-professional would be unable to recognise
SP04 To analyse business management problems, applying professional criteria based on the use of technical instruments
SP07 To assess the situation and foreseeable development of a company on the basis of the relevant records
SP16 To design accounting systems and produce internal and external accounting reports
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.
Learning activities | Hours (Classroom) | Hours (Out of classroom) |
A-1 Lectures | 29 | 100 |
A-2 Tutorials | 29 | 100 |
A3- Individual or group works | 3.33 | 0 |
A4- Individual or group office hours | 3.33 | 0 |
A5- Self-study hours | 53.33 | 0 |
A6- Exams | 02 | 100 |
Learning Outcomes | Evaluation | Weight (%) | Re-examination |
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. | Development of individual questions in class | 10% | NO |
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. | Group and idividual works | 20% | NO |
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. | Exams | 70% | YES |
Additionally, the following minimum requirements will be applied:
Exams (ordinay Exams): for attendance, none. To pass the course, minimum qualification = 5 out of 10 (3.5 if out of 7).
Recovery exam: for attendance, the student must have previously "tried without success". To pass the course, same requirement as for the ordinary exams.
Unit 1. Accounting in action
Unit 2. The recording process
Unit 3. Adjusting the accounts
Unit 4. Completing the accounting cycle
Unit 5. Accounting for merchandising operations
Unit 6. Inventories
Unit 7. Accounting for receivables
Unit 8. Payroll accounting
Access the bibliography that your professor has requested from the Library.
Weygandt, Jerry J., Paul D. Kimmel and Donald E. Kieso (2015). Financial accounting. IFRS Edition. 3rd edition. Wiley (ISBN978-1-118-97808-5)