Identifying Data 2019/20
Subject (*) Financial Accounting II Code 611G02018
Study programme
Grao en Administración e Dirección de Empresas
Descriptors Cycle Period Year Type Credits
Graduate 2nd four-month period
 Second Obligatory 6
Language
Galician
Teaching method Face-to-face
Prerequisites
Department Empresa
Coordinador
Gomez Rodriguez, Maria Luz
 E-mail
luz.gomez@udc.es
Lecturers
Aguiar Maragoto, Fernando
Alvarez Dominguez, Maria America
Centeno Carballido, Amparo
Fernández Rodríguez, María Teresa
Gomez Rodriguez, Maria Luz
Ruiz Lamas, Fernando
 E-mail
fernando.aguiar@udc.es
america.alvarez@udc.es
amparo.centeno@udc.es
m.fernandezr@udc.es
luz.gomez@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
PART I: FINANCIAL ACCOUNTING AS A PART OF A COMPANY'S INFORMATION SYSTEM PART I
Financial accounting as an information system
for external users: Accounting standards 		Conceptual framework
Spanish and International Accounting Standards
Spanish General Accounting Plan
Financial Accounting: An information system for business management
 Customised chart of accounts

Best practices
PART II. FINANCIAL ACCOUNTING ISSUES FOR ELEMENTS OF THE FINANCIAL STATEMENTS PART II
Inventories Concept and classification
Purchases and sales recognition
Measurement criteria
Trade payables and trade receivables
 Classification
Recognition and measurement
Collection management
Non current assets Property, plant and equipment
Investment properties
Intangible assets
Recognition and measurement of non current assets.
Assets value adjustments: impairment
 Recognition and measurement: the prudence principle.
Impairment of current assets.
Impairment of non current assets.
Financial instruments Concept and classification
Recognition and measurement
Amortised cost measurement criterion for assets and liabilities
Provisions Concept
Recognition and measurement
Long term and short term provisions
Income tax General considerations.
Income tax expense recognition
The balance sheet liability method.
Equity and other non-refundable financing Shareholders contributions.
Reserves
Grants
PART III. The enterprise accounting information system
 PARTE III
Accounting software Characteristics
Assessment
Tasks automating
O Sistema de Información Contable en relación con outros sistemas de información da xestión empresarial Inventory management
Trade payables and receivables management
Personnel and payroll management
Sales management
Organización das tarefas de rexistro e verificación contables balances reconciliation and justification
Tax settlements
Audit procedures

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 A5 A9 A10 A11 B1 B6 B8 C5 C8 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 During the course, two multiple choice test will be carried out.
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.

Part-time students with academic permission not to attend the classes will have to contact the teacher by the tenth day of the term, in order to receive an individual tutorial schedule.

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 A5 A9 A10 A11 B1 B6 B8 C5 C8 Mid-term multiple choice test. 50
 
Assessment comments
The assessment criteria are the same for each of the evaluation opportunities. This means that:

1) on both occasions the qualifications obtained in the multiple-choice tests will be taken into account, which together represent 50% of the final grade;

2) the final exam corresponding to the objective test, in both evaluation opportunities, will be qualified on 5 points (50% of the final grade)

In the advanced call, and only in this case, a mixed test will be carried out aimed at evaluating all the competences and contents of the subject.

The scoring criteria of each of the tests will be announced at the time of the test and will be supplied together with the questionnaires.

Unrealized tests score as zero. Those made in fraud suppose the qualification of zero marks in the final evaluation.

The qualification of "not assessed" corresponds to the student who did not participate in any evaluation test.

The only stuff with which it is allowed to enter the test classroom is the basic one to answer the exam: pencil, ball pen or pen, eraser and electronic calculator (not programmable).

It is expressly prohibited to access the classroom of the exam with: a) mobile phones and any other capable of remote communication and / or storage of information devices; b) written notes, pads, books or similar material that was not expressly authorized in the announcement of the exam or on the web site (Moodle) of the subject. Failure to comply with this rule means that fraud is considered to have been carried out, regardless of whether the unauthorised material was used or not during the test for those who wore it.

The student must accredit his / her identity in accordance with current regulations.

Students with authorisation for a part-time dedication and academic exemption for class attendance: except for the dates approved by the Faculty Board for the final objective test, as for the remaining assessment, it will be agreed with these students, at the beginning of the semester, a specific calendar of dates compatible with their dedication. The students shall meet the teacher by the first ten days of the semester the subject is taught, in order to set that calendar. The tests will have the same format as for full-time students.

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
Financial Operations Analysis/611G02004
Business Economics: Management and Organisation/611G02008
Financial Accounting I/611G02013

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus
Accounting and Business Transactions/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.