Identifying Data 2015/16
Subject (*) Contabilidade Financeira II Code 611G02018
Study programme
Grao en Administración e Dirección de Empresas
Descriptors Cycle Period Year Type Credits
Graduate 2nd four-month period
 Second Obligatoria 6
Language
Galician
Teaching method Face-to-face
Prerequisites
Department Economía Aplicada 2
Economía Financeira e Contabilidade
Coordinador
Gomez Rodriguez, Maria Luz
 E-mail
luz.gomez@udc.es
Lecturers
Alvarez Dominguez, Maria America
Centeno Carballido, Amparo
Gomez Rodriguez, Maria Luz
Lado González, Eva Mª
Lado Sestayo, Rubén
Morán Mendez, Eloy Constantino
Orduna Vela, Margarita
Ruiz Lamas, Fernando
 E-mail
america.alvarez@udc.es
amparo.centeno@udc.es
luz.gomez@udc.es
eva.lado@udc.es
ruben.lado.sestayo@udc.es
e.moran@udc.es
margarita.orduna@udc.es
fernando.ruiz@udc.es
Web
General description Continuar o proceso de aprendizaxe iniciado na materia Contabilidade financeira I, sobre a elaboración e comunicación da información contable, así como facilitar que o alumno se familiarice coa normativa contable e as súas consecuencias sobre as cifras recollidas nos estados financeiros.

Study programme competencies
Code Study programme competences
A1 Manage an enterprise or small organization, understanding their competitive and institutional position and identifying their strengths and weaknesses
A2 Integrate in any functional area of micro-firms or SMEs and perform fluently any management task commissioned
A3 Evaluate and foreseeing, from relevant data, the development of a company.
A4 Elaborate advisory reports on specific situations of companies and markets
A5 Write projects about specific functional areas (e.g. management, marketing, financial) of the company
A6 Identify the relevant sources of economic information and to interpret the content.
A7 Understand economic institutions as a result and application of theoretical or formal representations which explain the evolution of the economy.
A8 Derive, based on from basic information, relevant data unrecognizable by non-professionals.
A9 Use frequently the information and communication technology (ICT) throughout their professional activity.
A10 Read and communicate in a professional environment at a basic level in more than one language, particularly in English
A11 To analyze the problems of the firm based on management technical tools and professional criteria
A12 Communicate fluently in their environment and work by teams
B1 CB1-The students must demonstrate knowledge and understanding in a field of study that part of the basis of general secondary education, although it is supported by advanced textbooks, and also includes some aspects that imply knowledge of the forefront of their field of study
B2 CB2 - The students can apply their knowledge to their work or vocation in a professional way and have competences typically demostrated by means of the elaboration and defense of arguments and solving problems within their area of work
B3 CB3- The students have the ability to gather and interpret relevant data (usually within their field of study) to issue evaluations that include reflection on relevant social, scientific or ethical
B4 CB4-Communicate information, ideas, problems and solutions to an audience both skilled and unskilled
B5 CB5-Develop skills needed to undertake further studies learning with a high degree of autonomy
B6 CG1-Perform duties of management, advice and evaluation in business organizations
B7 CG2-Know how to use the concepts and techniques used in the various functional areas of the company and understand the relationships between them and with the overall objectives of the organization
B8 CG3- Know how to make decisions, and, in general, assume leadership roles.
B10 CG5-Respect the fundamental and equal rights for men and women, promoting respect of human rights and the principles of equal opportunities, non-discrimination and universal accessibility for people with disabilities.
C1 Express correctly, both orally and in writing, in the official languages of the autonomous region
C4 To be trained for the exercise of citizenship open, educated, critical, committed, democratic, capable of analyzing reality and diagnose problems, formulate and implement knowledge-based solutions oriented to the common good
C5 Understand the importance of entrepreneurial culture and know the means and resources available to entrepreneurs
C6 Assess critically the knowledge, technology and information available to solve the problems and take valuable decisions
C7 Assume as professionals and citizens the importance of learning throughout life.
C8 Assess the importance of research, innovation and technological development in the economic and cultural progress of society.

Learning aims
Learning outcomes Study programme competences
Interpret the economic transactions in the light of the conceptual framework. A1
A3
A6
A8
A9
A10
A12
 B1
B7
 C4
C6
C7
C8
Assess the consequences of the application of the accounting standards. A3
A4
A6
A8
A10
A12
 B2
B4
B5
B10
 C4
C5
C6
C7
C8
Learn in an autonomous manner; look for for the solution for new problems by applying the acquired knowledge.Preparation of basic financial statements. A2
A5
A6
A7
A9
A10
A11
 B3
 C6
Ability to work with others in a consultive way. A12
 B6
 C4
C6
Ability to present, discuss, and defend different points of view. A12
 B8
 C1
C4
C6
Have an ethical behaviour in business. C4

Contents
Topic Sub-topic
1. Conceptual framework and accounting regulation. 1.1.- Why do we need accounting standards?
1.2.- The conceptual framework.
1.3.- International and Spanish accounting standards.
2. Inventory. 2.1.- Accounting treatment of inventory under the Spanish General Accounting Plan.
2.2.- Lower of cost or market rule.
2.3.- Disclosure in the financial statements.
3. Recognition of revenue.
3.1.- Revenue recognition revisited. Problem areas.
3.2.- Sales returns and allowances.
3.3. -Long-term contracts.
3.4.- Disclosure in the financial statements.
4. Receivables and accounting payable. Specialised topics. 4.1.- Recognition and measurement.
4.2.- Transfer of receivables.
4.3.- Transactions in foreign currencies.
4.4.- Disclosure in the financial statements.
5. Taxation I 5.1.- Taxation of corporate income. General framework.
5.2.- The cost of income taxes. Recognition issues.
5.3.- Deferred tax accounting. The balance sheet approach.
6. Taxation II 6.1.- Deferred tax accounting. Extensions.
6.2.- Disclosure in the financial statements.
6.3.- Value Added Tax (VAT)
6.4.- Other taxes.
7. Tangible assets. Specialised topics. 7.1.- The capitalisation decision: borrowing costs, dismantling costs, and heavy maintenance.
7.2.- The valuation decisions. Increase/decrease in value along the holding period.
7.3.-Disclosure in the financial statements.
8. Intangible assets.
8.2.- Recognition and measurement.
8.3.- Research and development costs.
8.4.- Goodwill.
8.5.- Disclosure in the financial statements.
9. Financial investments. 9.1.- Definition and types.
9.2.- Recognition and measurement.
9.4.- Disclosure in the financial statements.
10. Debt and other funding sources. 10.1.- Recognition and measurement of debt.
10.2.- Leasing.
10.3.- Grants.
10.4.- Disclosure in the financial statements.
11. Provisions, contingent liabilities, and employee benefits.
 11.1.- Provisions vs contingent liabilities.
11.2.- Recognition and measurement of provisions.
11.3.- Employee benefits.
11.4.- Disclosure in the financial statements.
12. Basic financial statements. 12.1.- The balance sheet.
12.2.- The income statement.
12.3.- Notes to the financial statements.

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A3 A6 A7 B4 B7 17 34 51
Directed discussion A2 A12 B2 B5 B10 C1 C4 C6 C7 6 19 25
Multiple-choice questions A4 B1 1 2 3
Workshop A5 A9 A10 A11 B6 B8 C5 C8 19 38 57
Objective test A1 A8 B3 2 8 10
 
Personalized attention 4 0 4
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Guest lecture / keynote speech The teacher presents the main concepts that students need to solve the accounting problems covered in the course.
Directed discussion Discussion of the proposed topics. Both the strenght of the arguments used and the ability to defend them in front of the rest of the students are valued.
Multiple-choice questions Mid-term multiple choice test on an unspecified date.
Workshop Work in groups to solve exercises and cases, both in the classroom and out of the classroom. The teacher will guide this work.
Objective test Final exam covers both theoretical and practical issues.

Personalized attention
Methodologies
Directed discussion
Workshop
Description
The accounting problems proposed to be solved in the classroom are designed to help students in understanding the accounting concepts and in becoming familiar with the accounting technique. With this aim, students will be guided by the teacher, so that they can solve, on their own, the proposed cases.
Group tutorials (4 hours distributed along the term) will be used to discuss those complex cases that requiere a higher degree of personal attention. For these tutorials, the group will be split into two small groups (15 students, aprox.). If possible, group tutorials will be held either in the previous or the posterior time slot in which students have their classes.

Assessment
Methodologies Competencies Description Qualification
Objective test A1 A8 B3 The final exam, covering both theoretical and practical issues, will be held on the date set by the Faculty. 50
Multiple-choice questions A4 B1 Mid-term multiple choice test. 10
Workshop A5 A9 A10 A11 B6 B8 C5 C8 Learning out of the classroom based on solving exercises and cases will be assessed by means of small individual written tests. 40
 
Assessment comments
The proposed methodology seeks two main objectives: i) to create incentives for the student to work on a continuous basis along the term, and ii) to promote self-study strategies. With this aim, the student is asked to:
1.- Prepare, either individually or in group, the questions designed by the teacher to be discussed in the classroom.Both the strenght of the arguments used and the ability to defend them in front of the rest of the students are valued. The student can get up to 1 extra point to be added to the mark obtained in the continuous evaluation (workshop + mid-term test). The maximum final mark for the continuous evaluation is 5 points.
2.-On a weekly basis, students must solve the exercises and cases proposed by the teacher. Team work is highly recommended to discuss the possible solutions. At the begining of one of the two sesions of the weak, the teacher will present a small case, similar to those designed to be solved out of the classroom. Students must solve the case individually and the teacher will collect the written solutions. At the end of the term, the teacher will choose, on a ramdom basis, four of these written exercises to be marked.

As for the final exam, students should take into account the agreements of the Executive Committee of the Faculty of Economics and Business (6th July 2011).
-Absent qualification. This qualification will be assigned, exclusively, to those students that had particiapted in evaluation activities with a weighting lower than 20% of the final qualification, independently of the mark obtained in these activities.
-Final exam.It is forbiden to access the classroom where the exam is held with any machine that allows communication with the outside and/or the saving of information.
-Evaluation in the July option.The evaluation criteria used in the first option applies also in the July option.

Sources of information
Basic Muñoz Jiménez, José (Coord.) (2008). Contabilidad financiera. Pearson
Cervera Oliver, Mercedes; González García, Ángel; Romano Aparicio, Javier (2008). Contabilidad financiera (adaptada al nuevo PGC) . Centro de Estudios Financieros
Sutton, Tim (2004). Corporate Financial Accounting and Reporting. Prentice Hall
Fhillips, F.;Libby, R. and Libby,P.a. (2007). Fundamentals of Financial Accounting. McGraw-Hill
Amador Fernández, Sotero; Romano Aparicio, Javier (coordinadores) (2008). Manual del Nuevo Plan General Contable. Centro de Estudios Financieros

Complementary Horngren, C.T.; Harrison, W.T y Bamber, L. S. (2003). Contabilidad. Pearson


Recommendations
Subjects that it is recommended to have taken before
Análise das Operacións Financeiras/611G02004
Economía da Empresa: Dirección e Organización/611G02008
Contabilidade Financeira I/611G02013

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus
Contabilidade das Operacións Societarias/611G02027

Other comments


(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.