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Teaching GuideTerm Faculty of Economics and Business |
| Grao en Administración e Dirección de Empresas |
 Subjects |
| Financial Accounting I |
| Contents |
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| Identifying Data | 2021/22 | |||||||||||||
| Subject | Financial Accounting I | Code | 611G02013 | |||||||||||
| Study programme |
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| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Graduate | 1st four-month period |
Second | Obligatory | 6 | ||||||||||
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| Topic | Sub-topic |
| Section I: Foundations of Accounting. Introduction to the recording process. | Section I |
| Lesson 1: Introduction to Accounting |
1.1. Economic activity and the need for information 1.2. Definition and types of accounting |
| Lesson 2: Assets, liabilities, and owners' equity | 2.1. Definition of assets, liabilities, and owners' equity 2.2. Accounting duality 2.3. Changes in assets, liabilities, and owners' equity a) Accounting events b) Materiality c) Profit or loss for the period |
| Lesson 3. The recording process | 3.1. The accounting method 3.2. The account. Definition and representation. Technicalities 3.3. Accounting duality 3.4. Accounting records. Journal and general ledger. Trial balance 3.5. Recording basic transactions a) Inventory b) Cash c) Accounts receivable and accounts payable d) Non-current assets e) Shareholders' equity |
| Lesson 4: The accounting cycle | 4.1. Steps of the accounting cycle 4.2. End-of-period adjustments |
| Lesson 5: Accounting treatment of inventory and long-lived assets |
5.1. Inventory a) Recording methods b) Valuation 5.2. Long-lived assets a) Acquisition b) Changes in value. Depreciation c) Disposals and write-offs |
| Section II: Accounting standards | Section II |
| Lesson 6. Accounting standards | 6.1. Definition and importance 6.2. Introduction to accounting standard: Spanish General Accounting Plan |
| Lesson 7: The accounting of specific items under accounting standards |
7.1. Cash 7.2. Inventory 7.3. Value Added Tax (VAT) 7.4. Long-lived assets 7.5. Accounts receivable and accounts payable 7.6. Personnel expenses 7.7. Shareholders' equity |
| Lesson 8. Introduction to the financial statements in the Spanish General Accounting Plan |
8.1. Balance sheet 8.2. Income statement |
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