20511. Financial Accounting I . Group 21
- Subject
- Context
- Requirements
- Skills
- Content
- Teaching methodology
- Student learning assessment
- Resources, bibliography and additional documentation
Subject
| Name | 20511 - Financial Accounting I |
|---|---|
| Group | Grup 21 ( Campus Digital ) |
| Academic Year | 2019-20 |
| Credits | 6 credits |
| Period | 1st semester |
| Language | English |
| Titulació |
|
Lecturers
| Lecturer | Office hours for students | |||||
|---|---|---|---|---|---|---|
| Start time | End time | Day of the week | Start date | End date | Location/Building | |
|
Patricia
Horrach
Rosselló
patricia.horrach  uib.esHead of group | 13:00h | 14:00h | Tuesday | 09/09/2019 | 16/02/2020 | Despatx subdirecció - Arxiduc Lluís Salvador |
| 13:00h | 14:00h | Tuesday | 17/02/2020 | 31/07/2020 | . | |
|
Magí
Trobat
Fullana
magi.trobat uib.cat | 09:00h | 10:00h | Thursday | 09/09/2019 | 20/02/2020 | Despatx DB200 / Jovellanos. Cita prèvia per email |
Context
Accounting is an economic science that uses a specific methodology to identify, interpret, value and register economic facts, providing periodically financial statements to the users, that can be analysed to understand the situation and the possible evolution of the entity. This subject analyses the basis of companies accounting of the companies: the basic methodology, the accounting cycle and the preparation of annual accounts. Also, it studies accounting legislation, standards and rules and the interpretation, valuation, measurement and register, of the operations related to the commercial traffic of the companies. Students do not need previous knowledge of accounting, just some knowledge of economic language and business operations.
Subject skills are both generic and specific. They are described in the study plan of the degree and related to the analysis of a company, to economic and accounting management, to the ability to take decisions in this area, to work in a team, to adapt to new situations and to interpret data.
The language of instruction for this course will be English. Students taking this course will learn specific tourism-related vocabulary and develop both their productive and receptive skills in English, and therefore acquire further knowledge of the English language.
Requirements
Without specific requirements
Recommended
English requirements: B2 level according to CEFR
Skills
Specific
- CE7. Learn how to collect, process, analyze and interpret (accounting) information and addressing issues through specific skills in the different tourist branches (such as accounting management of tourism enterprises)
General
- CG2. Ability to apply technical and methodological knowledge in a professional manner integrating different fields of study related to tourism and have the skills to develop and defend arguments and solve problems in their field of study.
Basic
You may consult the basic competencies students will have to achieve by the end of the degree at the following address: http://www.uib.eu/study/grau/Basic-Competences-In-Bachelors-Degree-Studies/Content
Thematic content
1.1. The economic activity, its agents and enterprises.
1.2. Economic and accounting information.
1.3. The users of accounting information.
1.4. The requirements of accounting information.
2.1. Importance of its study.
2.2. The empirical period.
2.3. Genesis of the double entry system.
2.4. The pre-scientific period.
2.5. The scientific period.
3.1. Concept of financial accounting.
3.2. Accounting disciplines.
3.3. Accounting method of financial accounting.
4.1. The company in the economic system.
4.2. The concepts of wealth and income.
4.3. Wealth components and balance sheet.
4.4. Composition of income and income statement or profit and loss account.
5.1. The final aggregation without the accounting method.
5.2. Accounting facts.
5.3. The dual aspect convention.
5.4. Analysing economics transactions with the dual aspect convention.
6.1.Bookkeeping records and double-entry bookkeeping: Daybook or Journal and General ledger.
6.2. General Journal or Daybook
6.3. Posting transactions to the General Ledger.
6.4. The accounting cycle: preparing financial statements.
7.1. Inventories and Annual Accounts Book.
7.2. The accounting cycle.
7.3. Previous operations before the annual closing of accounts. Value adjustments and amortisation.
7.4. Preparation of financial statements and annual closing of accounts: the closing entries.
7.5. The complete accounting cycle
8.1. Introduction.
8.2. Commercial and civil legislation.
8.3. Legislation governing accounting books.
8.4. Tax legislation.
8.5. Accounting Standardization
9.1. The Spanish accounting system.
9.2. The 1973 and 1990 General Accounting Plans.
9.3. The 2007 General Accounting Plan.
9.4. Chart of accounts and its relation to the accounting basic model.
10.1 . Introduction.
10.2. The conceptual framework.
10.3. Annual accounts. True and fair view.
10.4. Requirements of the information to include in the annual accounts.
10.5. Accounting principles.
10.6. Elements of financial statements.
10.7. Criteria for recognition and measurement of elements in financial statements.
11.1. Introduction.
11.2. Applicable accounts and valuation rules, according to the general accounting plan.
11.3. Determining the value of purchases and recording them.
11.4. Determining the value of sales and recording them.
11.5. Recording value added tax (VAT)
12.1. Stock of goods.
12.2. Stock valuation and control method.
12.3. Value adjustments.
12.4. Other products different from merchandises
13.1. Personnel expenses
13.2. Accrual basis of accounting and accrued revenues and expenses.
Teaching methodology
The methodology includes a series of procedures:
- Theoretical lectures and practical classes which will take place in large group classes.
- Practical classes in medium groups.
- Partial and final exams.
Attended activities (2,4 credits, 60 hours)
| Type | Name | G. type | Description | Hours |
|---|---|---|---|---|
| Theory classes | Theoretical classes | Large group (G) |
Lectures based on theoretical contents with practical examples. | 31 |
| Practical classes | Practical classes | Medium group (M) |
Exercises and problem solving | 25 |
| Assessment | Partial exam | Medium group (M) |
Partial Examination (in early November). Units 1 to 7. It includes a a theoretical part and an exercise.It?s recoverable. It counts for 50 % of the total mark. In order to pass the course a minimum of 4 must be obtained in each part. | 2 |
| Assessment | Final exam | Large group (G) |
Final Examination. Units 8 to 13. It includes a theoretical part and an exercise. It?s recoverable. It counts for 50 % of the total mark. In order to pass the course a minimum of 4 must be obtained in each part. | 2 |
At the beginning of the semester the subject schedule will be available to students through the UIBdigital platform. This schedule will at least include the dates for the continuous assessment exams and assignment deadlines. Furthermore, the lecturer will inform students as to whether the subject syllabus will be carried out according to the schedule or otherwise, including Aula Digital.
Non-attended activities (3,6 credits, 90 hours)
| Type | Name | Description | Hours |
|---|---|---|---|
| Individual self-study | Autonomous work |
The autonomous work of the students implies the study of theoretical content, the solution of practical exercises and preparation for the exams. | 90 |
Specific risks and protective measures
The learning activities of this course do not entail specific health or safety risks for the students and therefore no special protective measures are needed.Student learning assessment
It consists of:
- A partial
- A final exam
Those students that have not taken the partial exam in November, will be able to retake it at the end of the term (at the same time as the final exam), only when the reason for not taking it when scheduled is one of the following: 1). Student has been in hospital or on sick leave during those dates; 2). Death of a relative up to second grade; 3). Participation of the student as a trial witness or accused in court case, held on the same date as the evaluation activity was scheduled; 4) Participation in an Erasmus program
In accordance with article 33 of the Academic Regulations, "regardless of the disciplinary procedure that may be followed against the offending student , the demonstrably fraudulent performance of any of the evaluation elements included in the teaching guides of the subjects will lead, at the discretion of the teacher, to an undervaluation in the qualification that may suppose the qualification of "suspense 0" in the annual evaluation of the subject".
| Partial exam | |
|---|---|
| Type | Assessment |
| Technique | Objective tests ( retrievable ) |
| Description |
Partial Examination (in early November). Units 1 to 7. It includes a a theoretical part and an exercise.It?s recoverable. It counts for 50 % of the total mark. In order to pass the course a minimum of 4 must be obtained in each part. |
| Assessment criteria |
Partial Examination (in early November). Units 1 to 7. It includes a theoretical part and an exercise. It?s recoverable. It counts for 50 % of the total mark. In order to pass the course a minimum of 4 must be obtained in each part. |
| Final grade percentage: 50% with minimum grade 4 | |
| Final exam | |
|---|---|
| Type | Assessment |
| Technique | Objective tests ( retrievable ) |
| Description |
Final Examination. Units 8 to 13. It includes a theoretical part and an exercise. It?s recoverable. It counts for 50 % of the total mark. In order to pass the course a minimum of 4 must be obtained in each part. |
| Assessment criteria |
Final Examination. Units 8 to 13. Theoretical part and an exercise. It?s recoverable. It counts for 50 % of the total mark. In order to pass the course a minimum of 4 must be obtained in each part. |
| Final grade percentage: 50% with minimum grade 4 | |
Resources, bibliography and additional documentation
Basic bibliography
SPANISH GENERAL ACCOUNTING PLAN. ENGLISH VERSION