Degree | Type | Year | Semester |
---|---|---|---|
2500894 Tourism | OB | 2 | 2 |
The course aims to initiate students in the second year of the Degree in Tourism in the terminology of economic and accounting concepts by introducing students in the knowledge necessary to interpret economic facts and represent the accounting process of a company. Developing the necessary skills to carry the elaboration of the basic accounting statements and training them to obtain knowledge and understand the basic accounting transactions.
NO prerequisites are required
The course is an introduction to Accounting, being the first one that students will encounter belonging to the Accounting area. It is focused on the accounting principles, logic and on how to prepare financial statements, specifically the balance sheet and the Income Statement/profit and loss account.
For both Degrees the methodology and evaluation is the same.
At the end of the course, the student will be able to:
1. Understand the nature and objectives of accounting
2. Identify the concepts of asset, liability and equity.
3. Use the criteria for assembling and evaluating the elements in the balance sheet.
5. Create journal entries and basic transactions in the accounting cycle.
6. Know the type of accounts (T Accounts), as well as the mechanisms of them.
7. Acquire the concepts know the most usual operations and accounting cycle of a tourism company.
8. Define and know the classification of the annual accounts (balance sheet and profit and loss account).
9. Acquire accounting standardization concept.
10. Know the concept and accounting treatment of the value added tax.
11. Create the Financial Statements (Balance Sheet and Income Statement (P and L)) of a tourism company.
12. Determine the internal economical balance of a tourism company.
13. Know how to carry out the complete accounting process of a company (opening accounts, journal entries, accounts, adjustments, Trial Balance and Closing accounts), in the corresponding materials (Journal Entries and General Ledger).
14. Demonstrate the ability to present an accounting exercise of a company in the corresponding computer resources, integrating the theoretical concepts that form part of this practical exercise in a well-argued manner.
TOPIC 1 (1st Part). INTRODUCTION, BASIC CONCEPTS OF THE COMPANY'S ECONOMY
The concept of accounting. The company. Type of company Type of accounting. Accounting as the main source of information about the company as economic reality, concept, functions and objectives of the company.
TOPIC 1 (2nd Part). ACCOUNTING AND INFORMATION SYSTEMS
Accounting concept, accounting objectives, accounting users, accounting information requirements, accounting division, accounting operation scheme and basic accounting concepts
TOPIC 2. - THE ACCOUNTING EQUATION OF BUSINESS WEALTH: THE FINANCIAL STATEMENTS.
The inventory. The Balance Sheet: description of its sections. Economic structure and financial structure. The items of the Balance. Valuation and ordering criteria.
TOPIC 3. ACCOUNTING STANDARDIZATION.
Content. The Accounting Principles. The Chart of Accounts. Definitions and accounting relationships. The Annual Accounts. Valuation rules.
TOPIC 4. - THE ACCOUNTING RECORDING PROCESS.
The account: concept and operating mechanisms. The recording of operations: Daily journal entries and general ledger. The double entry and the accounting entries. (T accounts)
TOPIC 5. - THE BASIC ACCOUNTING CYCLE AND INCOME STATEMENT
The opening seat. Registration of patrimonial variations. The concept of Expense and the concept of income (revenue). Record of expenses and income in the Income Statement. The accounting determination of the result of the exercise (Regularization). The Profit and Loss account.
TOPIC 6. NON-CURRENT ASSETS AND NON-CURRENT LIABILITIES
Identification (intangible, tangible assets), accounting for additions and removals of fixed assets, reversible and irreversible depreciation of non-current assets. Sources of financing of the company. Net equity
TOPIC7. CURRENT ASSETS AND CURRENT LIABILITIES
Current Assets (inventories, Debtors and creditors for commercial transactions, Financial Accounts)
TOPIC 8. ACCOUNTING MOST COMMON TRANSACTIONS IN THE FINANCIAL STATEMENTS
Assets: Amortization: concept and amortization systems. Liabilities: Provisions. The extraordinary ones accounting accrual. Equity: Reserves, Profit distributions and personal expenses. Difference between accrual and deferral accounting. The problem of foreign currency.
TOPIC 9. ACCOUNTING STUDY AND TREATMENT OF TAX ON ADDED VALUE (VAT)
Concept and tax treatment of benefit. General aspects of VAT tax treatment. Complete study of VAT accounting treatment.
TOPIC 10. CREATING THE ANNUAL ACCOUNTS
The financial statements and the annual accounts, the balance sheet, profit and loss models, the report (basic information required)
The course will have two very different dynamics:
A) Lecture classes: Exhibition of the theoretical content of the program in a clear, systematic and organized by the teacher (students will have in the Virtual Campus with the basic notes of all topics). The participation of students in the classroom will be encouraged; their contributions, reflections and doubts will be valued
B) Practical class sessions: Students in groups of two to four people will develop a series of exercises and case studies throughout the course (students will have the exercises to perform in the book or Virtual Campus). Of these exercises and practical cases each group will have to present in class at least one exercise (to be determined by the professor) in Power Point. In order to guide and evaluate the group work, there will be tutorials if needed during the course.
Title | Hours | ECTS | Learning Outcomes |
---|---|---|---|
Type: Directed | |||
Resolution practical cases | 20 | 0.8 | 2, 6, 4, 10, 3, 11 |
Theoretical Clases | 35 | 1.4 | 1, 5, 10, 9, 3 |
Work presentation | 10 | 0.4 | 6, 4, 10, 11 |
Type: Supervised | |||
Tutorials | 19 | 0.76 | 1, 5, 10 |
Type: Autonomous | |||
Resolution practical cases | 25 | 1 | 1, 2, 6, 5, 4, 7, 8, 9, 11 |
Study | 25 | 1 | 1, 2, 6, 5, 4, 7, 3 |
Work preparation | 10 | 0.4 | 1, 2, 6, 5, 4, 7, 8, 9, 11 |
The assessment of this course is the following:
CONTINOUS ASSESSMENT
a) Class exercise, attendance and tutorship (10%) – It is required the development of a class exercise that can be guided with tutorial. Professor of the assignment will give detail information of the cases and work to be presented on the first day of class.
b) Case Studies (30%) - Completion of the different exercises to be developed throughout the course and presentation of a case study. In each exposition session, the groups will have a maximum of 20 minutes to make the presentation, integrating in this way the theoretical concepts that are part of this practical exercise. Professor of the assignment will give detail information of the cases and work to be presented on the first day of class
c) Exams 60% - The performance of 2 tests distributed throughout the course that will represent (30% each). The exam will consist of two parts: a theoretical part and a practical part.
Important Information
In order to be PASS the continuous assessment and be EXCUSED from the FINAL exam the Student must have an average minimum of:
- Exams -minimum of 5 in total, with minimum of 3.5 in one of the exams
If the average result of the exams is approved (minimum of 5) by continuous Assessment, the student does not have to take the FINAL exam according to the official exam calendar, and of the following:
- Class exercise, attendance and tutorship minimum of 5
- or Case Studies– minimum of 5
UNIQUE EVALUATION - FINAL EXAM
Students, who have not passed the subject by continuous evaluation or have not followed it, can take the FINAL exam.
RECOVERY- RE TAKE EXAM
Only those students who in the FINAL evaluation have obtained a grade equal to or higher than 3.5, but less than 5 will be able to access the recovery. If student pass the retake exam, the maximum grade to apply will be 5.
Title | Weighting | Hours | ECTS | Learning Outcomes |
---|---|---|---|---|
1st Theorical exam | 5% | 0.5 | 0.02 | 1, 5 |
1st practical exam | 25% | 2 | 0.08 | 1, 2, 6, 5, 4, 10, 7, 9, 3 |
2nd practical exam | 25% | 2 | 0.08 | 1, 2, 6, 5, 10, 7, 9, 3 |
2nd theorical exam | 5% | 0.5 | 0.02 | 1, 5 |
Case studies | 30% | 0.5 | 0.02 | 1, 2, 6, 5, 4, 10, 8, 3, 11 |
Class excercise, attendance and tutorship | 10% | 0.5 | 0.02 | 1, 5 |
Toursim Degree in English
2016. Beyond Figures: Introduction to Financial Accouting Mª del M. Camacho, M. Akpinar, Mª. J. Rivero , E. Urquía , A. Eskola. Publiser Edición Pyramide
THEORETICAL DOSSIER ELABORATED BY THE TEACHER (that the students will have to get obtain via virtual campus and read before class sessions)
Tourism Degree in Spanish
Basic regulations:
Recommended bibliography:
Amat, Oriol & Aguilà, Santiago (2008): “El nuevo PGC a la práctica- Ejercicios y soluciones”, Barcelona: ACCID.
Amat, Oriol & Aguilà, Santiago (2008): “Nuevo PGC y PGC PYMES: Un análisis práctico y a fondo”, Barcelona: ACCID.
Segovia San Juan, Ana Isabel (2008): “Contabilidad básica. Adaptado al nuevo Plan General de Contabilidad (RD 1514/2007, de 16 de noviembre), Madrid: Editorial Universitaria Ramón Areces.
Muñoz Jiménez, J. (2008): “Contabilidad Financiera”, Ed. Prentice Hall
THEORETICAL DOSSIER ELABORATED BY THE TEACHER (that the students will have to get obtain via virtual campus and read before class sessions)