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:
a) 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.
b) 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.

Learning outcomes	Study programme competences
Interpret the economic transactions in the light of the conceptual framework.	A1 A3 A10 A11 A14 A15 A23 A24		C3 C7
Ability to present, discuss, and defend different points of view.	A12	B2 B3 B4 B7 B9 B11 B12	C4
Learn in an autonomous manner; look for for the solution for new problems by applying the acquired knowledge.Preparation of basic financial statements.	A1 A2 A24	B1 B5 B6	C3 C4 C6 C7
Ability to work with others in a consultive way.			C1 C2 C3 C4 C5
Assess the consequences of the application of the accounting standards.	A1 A7 A10 A11 A24	B8 B13	C3 C6 C7
Have an ethical behaviour in business.	A9	B10 B14	C4 C8

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 accounting standards.
2. Accounting regulation in Spain	2.1.- Background 2.2.- Characteristics and structure of The Spanish General Accounting Plan (SGAP) 2.3.- SGAP in diferent types of companies
3. Inventory	3.1.- Accounting treatment of inventory under the SGAP 3.2.- Lower of cost or market rule. 3.3.- Disclosure in the financial statements.
4. Taxation	4.1.- Income taxes in small companies 4.2.- Value Added Tax (VAT) 4.3.- Other taxes.
5. Recognition of revenue.	5.1.- Revenue recognition revisited. Problem areas. 5.2.- Sales returns and allowances. 5.3. -Long-term contracts. 5.4.- Disclosure in the financial statements.
6. Receivables and accounting payable. Specialised topics.	6.1.- Recognition and measurement. 6.2.- Transfer of receivables. 6.3.- Transactions in foreign currencies. 6.4.- Disclosure in the financial statements.
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.

Methodologies / tests	Competencies	Ordinary class hours	Student’s personal work hours	Total hours
Guest lecture / keynote speech	A1 A2 A3 A7 A9 A10 A23 B9 B10 B11 B13 B14 C1 C2 C4 C5 C7 C8	17	34	51
Directed discussion	A11 A12 A14 A15 B2 B5 B8 B12 C3 C6	6	19	25
Multiple-choice questions	A24 B1	1	2	3
Workshop	B6 B7	19	38	57
Objective test	B3 B4	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	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.

Methodologies	Competencies	Description	Qualification
Objective test	B3 B4	The final exam, covering both theoretical and practical issues, will be held on the date set by the Faculty.	40
Workshop	B6 B7	Learning out of the classroom based on solving exercises and cases will be assessed by means of small individual written tests.	0
Multiple-choice questions	A24 B1	Mid-term multiple choice test.	60

Assessment comments
<p>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:</p> <p>a) <strong>Prepare, either individually or in group, the questions designed by the teacher to be discussed in the classroom.</strong> 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.</p> <p>b) <strong>On a weekly basis, students must solve the exercises and cases proposed by the teacher</strong>. 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. </p> <p>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). </p> <p><strong>Absent qualification</strong>. 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.</p> <p><strong>Final exam</strong>.  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.</p> <p><strong>Evaluation in the July option.</strong> The evaluation criteria used in the first option applies also in the July option.</p>

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