|Course code: 174301||Subject title: FINANCIAL ACCOUNTING II|
|Credits: 6||Type of subject: Mandatory||Year: 2||Period: 1º S|
|Department: Gestión de Empresas|
|LIZARRAGA DALLO, FERMÍN (Resp) [Mentoring ]||LOPEZ ARCEIZ, FRANCISCO JOSE [Mentoring ]|
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
SP02 Identify the sources of relevant economic information and their contents.
SP03 Derive from microeconomic and macroeconomic data the data and relevant information impossible to recognize for non-professionals.
SP04 Apply professional criteria based on the handling of technical instruments to the analysis of business management problems.
SP07 Assess the situation and foreseeable evolution of a company from the relevant records of information.
SP16 Design the accounting system and generate accounting reports inside and outside the company.
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.
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:
|Learning activities||Hours (Classroom)||Hours (Out of classroom)|
|A-2 Lab sessions||28|
|A-3 Office hours for Group cases||13|
|A-4 Team work||20|
|A-5 Advanced reading for presentations||20|
|A-6 Studying and preparing lab sessions||30|
|A-8 Office hours (individual)||07|
|CG01. Analysis and synthesis skills||A-1, A-5, A-6, A-7|
|CG03. Oral and written communication skills||A-1, A-2, A-7|
|CG06. Ability to search and analyze information from varied sources||A-2, A-4, A-5|
|CG12. Social skills||A-3, A-4, A-8|
|CG15. Ethic behaviour in the job||A-4, A-8|
|CG17 Self-directed learning||A-1, A-2, A-5, A-6, A-8|
|CE02. Identify relevant economic information and its content and internal users||A-1, A-3, A-5, A-8|
|CE03. Recognize information from data in a professional way||A-1, A-2, A-4|
|CE04. Apply professional criteria and technical tools to solve business problems||A-1, A-2, A-3, A-4, A-7|
|CE07. Assess the financial situation and future performance of a company||A-2, A-4, A-6, A-8|
|CE16. Design a basic accounting system and prepare accounting information for external and internal users||A-2, A-4, A-7|
|Learning outcome||Assessment activity||Weight (%)||It allows test resit||Minimum required grade|
|R_CO_01. to 05.||Final written test that collects the knowledge acquired||70||Yes, written test||3,5/7|
|R_CO_01. to 05.||Exercises and individual or group work||20||Yes, written test|
|R_CO_01. to 05.||Active participation||10||No|
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.
Unit 1. 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. Conceptual framework for financial reporting
Aulario UPNA, Campus Arrosadía, Pamplona.