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Teaching GuideTerm Faculty of Economics and Business |
| Grao en Administración e Dirección de Empresas |
 Subjects |
| Contabilidade Financeira I |
| Contents |
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| Identifying Data | 2015/16 | |||||||||||||
| Subject | Contabilidade Financeira I | Code | 611G02013 | |||||||||||
| Study programme |
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| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Graduate | 1st four-month period |
Second | Obligatoria | 6 | ||||||||||
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| Topic | Sub-topic |
| Section I: Foundations of Accounting. | SECTION 1 |
| Lesson 1: Introduction to Accounting. |
1.1. Economic activity and the need for information. 1.2. The concept of accounting. 1.3. Types of accounting. |
| Lesson 2: Financial information. | 2.1. Uses and users of financial information. 2.2. Characteristics of financial information. 2.3. Accounting standards. |
| Lesson 3: The balance sheet. | 3.1. Purpose of the balance sheet. 3.2. Basic accounting equation. 3.3. Components of the balance sheet: assets, liabilities and owners' equity. |
| Lesson 4: The income statement and the cash flow statement. | 4.1. The accrual basis of accounting. 4.2. Income: revenue and expenses. 4.3. Cash flow: receipts and payments. |
| Lesson 5: The accounting method. | 5.1. Economic events and accounting events. 5.2. The ledger account. 5.3. Specific terminology. |
| Lesson 6: Accounting records. | 6.1. The journal and the journal entry. 6.2. Transfer from the journal to the ledger. 6.3. The trial balance and the financial statements. |
| Lesson 7: The accounting cycle. | 7.1. Recording of transactions during the period. 7.2. Accrual adjustments. 7.3. Preparation of financial statements. 7.4. Closing entries. |
| Section II: Introduction to recording, presenting, and interpreting basic accounting transactions. | SECTION II |
| Lesson 8: Merchandising operations. | 8.1. Purchases of merchandise. 8.2. Sales of merchandise. 8.3. Cost of goods sold and ending inventory. 8.4. Reporting inventory at the lower of cost or market. |
| Lesson 9: Reporting inventory and cost of goods sold. | 9.1. Specific identification method. 9.2. Inventory costing methods: FIFO, LIFO, PMP. 9.3. Financial statement effects of inventory costing methods. |
| Lesson 10: Receivables and accounts payable. | 10.1. Credit sales. 10.2. Accounts payable. 10.3. Prepaid expenses and unearned revenue. 10.4. Bad and doubtful debts. |
| Lesson 11: Long-lived assets. | 11.1. Acquisition of tangible assets. 11.2. Depreciation and impairment of tangible assets. 11.3. Disposal and retirement of tangible assets. |
| Lesson 12: Capturing financial funds. | 12.1. Share capital. 12.2. Bank debt and other creditors. 12.3. Remuneration of shareholders and creditors. |
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