Identifying Data 2020/21
Subject (*) Accounting and Financial Management in Fashion Firms Code 710G03015
Study programme
Grao en Xestión Industrial da Moda
Descriptors Cycle Period Year Type Credits
Graduate Yearly
 Second Obligatory 9
Language
English
Teaching method Face-to-face
Prerequisites
Department Empresa
Coordinador
Anido Martinez, Cristina
 E-mail
cristina.anido@udc.es
Lecturers
Anido Martinez, Cristina
Peón Pose, David Olegario
Puime Guillén, Félix
 E-mail
cristina.anido@udc.es
david.peon@udc.es
felix.puime@udc.es
Web
General description A materia pretende:
• Introducir os conceptos básicos relativos ao proceso de elaboración, comunicación e interpretación da información financeira
• Formar os coñecementos e desenvolver as habilidades básicas para comprender a problemática financeira da empresa
• Proporcionar fundamentos económico-financeiros necesarios para coñecer o estado das empresas (en particular, das empresas de moda) e tomar decisións para a súa xestión
Contingency plan 1. Modificacións nos contidos
– Non se realizarán cambios

2. Metodoloxías
*Metodoloxías docentes que se manteñen
– Todas, ao poder aplicarse tanto na aula presencial como virtual mediante ferramentas TIC síncronas e asíncronas.

*Metodoloxías docentes que se modifican
– Non se realizarán cambios

3. Mecanismos de atención personalizada ao alumnado
CORREO ELECTRÓNICO
– De uso cotiá para facer consultas, solicitar encontros virtuais para resolver dúbidas e facer o seguimento dos traballos tutelados.

MOODLE
– Foro de formulación e resolución de dúbidas. A disposición do alumnado en todo momento para iniciar o proceso de formulación e resolución de dúbidas
– Difusión de materiais. A disposición do alumnado en función da evolución no contido da materia
– Actividades de autoavaliación e avaliación. Na data e no horario acordado

TEAMS
– Videoconferencias para a realización das sesións expositivas e interactivas. Semanalmente na franxa horaria que ten asignada a materia
– Videoconferencias para a atención personalizada. Na data e no horario acordado entre o docente e o estudante/equipo de traballo mediante un correo electrónico previo
– Videoconferencias para a realización das actividades de avaliación. Na data e no horario acordado

4. Modificacións na avaliación
– Non se realizarán cambios

*Observacións de avaliación:
– Mantéñense as mesmas que figuran na guía docente, e ademais:

– As actividades de avaliación realizaranse a través de Moodle, podendo o docente requirir a defensa oral, parcial ou total, das actividades entregadas e avaliadas.

– Solicitarase ao alumnado que estea conectado mediante unha videoconferencia en Teams dende o inicio ata o final da proba para as oportunas verificacións por parte do docente.

– No caso de acontecer problemas de conexión no momento de realizar as actividades de avaliación, realizarase posteriormente unha videoconferencia en Teams co alumnado afectado para realizar a actividade oralmente e así adaptarse aos problemas de conexión sobrevidos.

5. Modificacións da bibliografía ou webgrafía
– Non se realizarán cambios

Study programme competencies
Code Study programme competences
A10 To acquire the economic-financial fundamentals needed to assess the status of a fashion firm and to adequately manage it from a triple perspective of liquidity, solvency and profitability
B1 That students demonstrate that they acquired and understood knowledge in a study area that originates from general secondary education and that can be found at a level that, though usually supported by advanced textbooks, also includes aspects implying knowledge from the avantgarde of its field of study
B2 That students know how to apply their knowledge to their job or vocation in a professional form, and have the competencies that are usually demonstrated through elaboration and advocacy of arguments and problem resolution within their field of study
B3 That students have the capacity to collect and interpret relevant data (normally within their field of study) in order to issue judgements that include a reflection upon relevant topics in the social, scientific or ethical realm
B4 That students may convey information, ideas, problems and solution to the public, both specialized and not
B5 That students develop those learning skills that are needed to undertake ulterior studies with a high degree of autonomy
B8 Capacity to plan, organize and manage resources and operations
B9 Capacity to analyse, diagnose and take decisions
C2 Mastering oral and written expression in a foreign language.
C5 Understanding the importance of entrepreneurial culture and the useful means for enterprising people.
C8 Valuing the importance of research, innovation and technological development for the socioeconomic and cultural progress of society.
C9 Ability to manage times and resources: developing plans, prioritizing activities, identifying critical points, establishing goals and accomplishing them.

Learning aims
Learning outcomes Study programme competences
To know accounting and financial terminology A10
 B4
To know the accounting method and its output: the financial statements A10
 C5
To know basics of corporate finance A10
 C5
To interpret financial information in order to express opinions and make decisions A10
 B1
B2
B3
B4
B9
To transmit accounting and financial information in a foreign language (spoken and written communication) B1
B2
B4
 C2
To use basic information and communications technology tools to enable lifelong learning and professional development C5
C8
To enhance autonomous learning and problem solving skills B2
B5
B8
B9
 C9
To work with others in a consultative way B4
B5
B8
 C9
To act ethically in business A10
 B2
B5
 C5

Contents
Topic Sub-topic
PART I FINANCE
Basics of financial mathematics Time value of money
Financial transactions
Investment decisions Investment projects
Financial appraisal of investment projects
Financing decisions Financing sources
Cost of financing sources
PART II ACCOUNTING
Business activity and the need for information Financial and non-financial information
Financial accounting Financial statements
Accounting records
Accounting cycle
Financial analysis Content of basic financial statements
Liquidity and solvency
Profitability

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A10 B4 C2 10 10 20
Directed discussion B1 B2 B3 C2 14 28 42
Problem solving A10 B2 B3 B4 B5 B8 B9 C2 C9 14 28 42
ICT practicals A10 B2 B3 B4 B5 B8 B9 C2 C8 C9 14 28 42
Supervised projects A10 B2 B3 B4 B5 B8 B9 C2 C8 C9 5 30 35
Online forum B2 B4 C2 C8 0 3 3
Objective test A10 B1 B2 B3 B4 B8 B9 C2 C9 4 16 20
Seminar B2 C2 C5 6 6 12
 
Personalized attention 9 0 9
 
(*)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 Presentation of the basic concepts to enable students to solve proposed accounting and financial problems
Directed discussion Active participation in discussions by preparing carefully the assigned material
Problem solving To solve, present and discuss the assigned exercises (teamwork or individual work)
ICT practicals To solve, present and discuss the assigned exercises (teamwork or individual work), using ICT (spreadsheet and other applications)
Supervised projects To prepare, present and discuss the assigned projects (teamwork)
Online forum Online tool to raise questions and clarify doubts concerning the subject
Objective test Partial and final exams covering theory and practice
Seminar Conferences and meetings with experts to study and discuss different matters related to the subject

Personalized attention
Methodologies
Seminar
Problem solving
Supervised projects
Directed discussion
ICT practicals
Objective test
Description
Personalised attention (individual and in group) will take place through videoconferences in Teams.

The supervised projects will require follow-up sessions. The lecturer will schedule the personalised attention to each team in order to assess the work done by the group, as well as each member. The information will be provided during the corresponding term according to the development of the course.

Moreover, the lecturer will be available on tutorials periods to clarify any doubt concerning assigned exercises or projects.

Part-time students with academic dispensation are required to contact with the lecturer before 30th September to settle a specific tutorials calendar.

Assessment
Methodologies Competencies Description Qualification
Seminar B2 C2 C5 Students will have to deliver a test and/or report for each conference and meeting with experts. 10
Problem solving A10 B2 B3 B4 B5 B8 B9 C2 C9 Students will have to solve, present and discuss the assigned exercises (teamwork or individual work) 10
Supervised projects A10 B2 B3 B4 B5 B8 B9 C2 C8 C9 Students will have to prepare, present and discuss the assigned projects (teamwork). Assessment will take into account the rigour in the delivery and resolution, the presentation and the answer to the questions raised by the students and the lecturer 30
ICT practicals A10 B2 B3 B4 B5 B8 B9 C2 C8 C9 Students will have to solve, present and discuss the assigned exercises (teamwork or individual work) using ICT 10
Objective test A10 B1 B2 B3 B4 B8 B9 C2 C9 he objective tests assess both theoretical and practical issues. In order to get through the subject it is compulsory to obtain a minimum mark of 4 out of 10 in each objective test. If this requirement is not fulfilled, the registered grade will be the mark of the exam that does not surpass the minimum limit, independently of continuous assessment marks.

EVALUATION IN THE FIRST OPTION
The first midterm exam will be held during the first semester (the lecturer will establish the date). It is worth 20% of the final grade. To have the opportunity to attend the second midterm exam, it is compulsory to obtain a minimum mark of 4 out of 10 in the exam.

At the end of the course, on the date set by the faculty the following exams will take place:
a) Second midterm for those students who got through the first midterm exam. It is worth 20% of the final grade. In order to get through the subject, it is compulsory to obtain a minimum mark of 4 out of 10 in the exam.
b) Global final exam for those students that did not get through the first midterm exam and those students that got through the first midterm exam but renounce to the previously obtained mark (they have to notify it in writing before the exam to get authorisation). The global final exam is worth 40% of the final grade. To get through the subject it is compulsory to obtain a minimum mark of 4 out of 10 in the exam.

EVALUATION IN THE JULY OPTION
The final exam will be held on the date set by the faculty. The global final exam is worth 40% of the final grade. To get through the subject it is compulsory to obtain a minimum mark of 4 out of 10 in the exam. 		40
 
Assessment comments

The directed discussion derived from the proposed cases and problems aims to strengthen the understanding of the concepts and techniques studied. In consequence, active participation is highly recommended both during the sessions and conferences/seminars.

Part-time students with academic dispensation 

In compliance with norms, they are required to contact with the lecturer before 30th September. Continuous assessment (60%: Seminar, Problem solving, Supervised projects and ICT practicals) will be assessed by means of a single oral exam. This activity will take place before the final exam. The aforementioned oral exam may deal with the theoretical concepts discussed during the course and every practical issue (including ICT use). The student must be able to explain her/his answers. At the beginning of the course a specific tutorials calendar will be scheduled.

Absent qualification

This qualification will be assigned to those students who:

a)     Did not attend the final exam

b)     Had participated in continuous assessment activities with a weighting lower than 20% of the final qualification, independently of the mark obtained in these activities.

Evaluation in the July option

The evaluation criteria used in the first option applies also in the July option. If a student intend to participate in a new process of continuous evaluation (60%: Seminar, Problem solving, Supervised projects and ICT practicals):

a)     It is compulsory to send an e-mail to the lecturer before the beginning of the July evaluation period. The student will have to renounce her/his previous continuous assessment and notify it in writing to get authorisation.

b)     Continuous assessment (Seminar, Problem solving, Supervised projects and ICT practicals) will be assessed by means of a single oral exam. This activity will take place before the final exam. The aforementioned oral exam may deal with the theoretical concepts discussed during the course and every practical issue (including ICT use). The student must be able to explain her/his answers.

For the exams

It is forbidden to access the classroom where the exam is held with any machine that allows communication with the outside and/or the saving of information, without the lecturer’s consent.

Sources of information
Basic Sutton, T. (2004). Corporate financial accounting and reporting. Prentice Hall 2nd ed.
Reverte, C. (2014). Exercises of financial accounting. Ecobook
Lozano Gutiérrez, M.C., Ramón Llorens, M. C. (2017). Financial mathematics: fundamental concepts. Universidad Politécnica de Cartagena
Ortega, R. (2017). Fundamentals of financial management. ESIC
Götze, U., Northcott, D, Schuster, P. (2008). Investment appraisal, methods and models. Springer
Schoenmaker, D., Schramade, W. (2019). Principles of sustainable finance. Oxford University Press
Lev, B., Gu, F. (2016). The end of accounting and the path forward for investors and managers. Wiley

Complementary Jones, M.J. (2014). Accounting and finance. Wiley
Watson, D., Head, A. (2016). Corporate finance: principles and practice. Pearson 7th ed.
Phillips, F., Libby, R., Libby, P.A. (2016). Fundamentals of financial accounting. McGraw Hill 5th ed.
Brealey, R.A., Myers, S.C., Allen, F. (2018). Principles of corporate finance. McGraw Hill 12th ed.


Recommendations
Subjects that it is recommended to have taken before
Introduction to Fashion Business Management/710G03004

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus
Business Simulation Models and Techniques: Business Game/710G03026
Management Planning and Control in Fashion Companies/710G03022

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.