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2023/2024

Financial Accounting I

Code: 102128 ECTS Credits: 6
Degree Type Year Semester
2501231 Accounting and Finances OB 1 2

Contact

Name:
Francisco Gomez Valls
Email:
francesc.gomez@uab.cat

Teaching groups languages

You can check it through this link. To consult the language you will need to enter the CODE of the subject. Please note that this information is provisional until 30 November 2023.

Teachers

Jordi Rizo Gubianas
Xavier Sentis Ros
Maria Isabel Lara Serrano

Prerequisites

It is highly recommended that the student has successfully “Introduction to the accountancy” that is studied in the first semester (1st course)


Objectives and Contextualisation

The objectives of course are, first study the main norms of mesurement and estimation incorporated in the Spanish  General  Accounting Plan (SGAP)  and second  to know the differences with the General  Accounting for small and medium enterprises and which companies can apply that plan.

The application of these regulation (already was the General Plan or the Plan for small companies) drives to the formulation of the annual accounts of the companies.


Competences

  • Analysing, summarising and assessing information.
  • Applying the essential principles of (banking an insurance) commercial law, as well as possessing notions of constitutional, civil, tax and labour law.
  • Demonstrating a comprehension of the different legal, control and solvency standards issued by regulatory bodies affecting the several analysed accounting or financial processes.
  • Demonstrating a comprehension of the functioning of the financial system and the plan of action of various intermediaries, specially banks, saving banks and insurance companies, in order to negotiate effectively.
  • Efficiently searching information, discriminating irrelevant information.
  • Students must be able to adapt to changing environments.

Learning Outcomes

  1. Analysing, summarising and assessing information.
  2. Describing the solvency regulations and guarantees of the activity of various financial intermediary activities.
  3. Determining the economic-financial situation of a company.
  4. Efficiently searching information, discriminating irrelevant information.
  5. Identifying concrete financial transactions and financial systems used in the setting of prices.
  6. Prepare financial statements and reports for accounting, fiscal, financial and organizational purposes.
  7. Producing technical accounting reports for the company managers, to help them take decisions related to management.
  8. Publicly presenting practical cases about Company Law and the possible legal solutions in light of the regulations, jurisprudence and doctrine.
  9. Reasoning and giving your opinion about the information provided by the financial statements.
  10. Relating knowledge with the issues derived of the course of trade.
  11. Students must be able to adapt to changing environments.
  12. Use the different criteria for registration and valuation established in the accounting rules.

Content

  1. Conceptual frame of the new  General Spanish Accounting Plan (GSAP)
  2. Picture of accounts of the new SGAP
  3. Regulation  of measurement  and register of property, plant and equipment
    1. Assets  members and his initial estimation
    2. Subsequent measurement
    3. Special operations: barters, big repairs, etc.
  4. Norms of measurement of the properties of investment
  5. Norms of measurement of the intangible assets
    1. Assets members and his Initial measurement
    2. Subsequent measurement
    3. The bottom of trade
  6. Measurement of the inventories
  7. Financial instruments
    1. The  financial assets
      1. Classification of the financial assets
      2. Estimation of the categories in the Initial measurement
      3. Subsequent measurement
    2. Liabilities financial and his measurement
    3. The instruments of clean heritage: measurement
  8. Subsidies and donations: measurement and countable treatment
    1. Subsidies to the exploitation
    2. Subsidies of capital
  9. Provisions and contingencies
  10. Income tax
    1. Temporary differences
    2. Non temporary  differences
    3. Countable calculation of the tax on societies
    4. Measurement  and estimation of the current  tax and deferred tax (deferred tax assets and deferred tax liabilities)
  11. Spanish Accounting plan for Small companies
    1. Characteristiques
    2. Main differences with the global SGAP

Methodology

 

 
The methodology planned for the subject is in class

The methodology will be based in a combination of the 3 types of activities:

-   Activity directed: theoretical classes and practical classes and of resolution of exercices.  Also they will realise  practical in lab classes

-   Activity supervised: consistent in the realisation of tutorial programme  and the realisation of exercises.

-   Autonomous activity that divides in two parts:

  • Part of personal study for part of the student (readings, research of information, etc.). Also it includes the realisation of additional exercises and cases.
  • Autonomous activity in group devoted to the research of data and preparation of a report on the information that provides the memory of the annual accounts. Presentation and debate

The tutorial could be in a a seminary or on line

The proposed teaching methodology may undergo some modifications according to the restrictions imposed by the health authorities on on-campus courses

Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.


Activities

Title Hours ECTS Learning Outcomes
Type: Directed      
Lab sessions 4 0.16
Practical classes 13.5 0.54 12
Theoretical sessions 32 1.28 2, 12, 5
Type: Supervised      
Tutoring and monitoring work in exercices 13 0.52 12
Tutoring and monitoring work in writting about study of annuals accounting reports 7 0.28 12
Type: Autonomous      
Exercicis and writings 32.5 1.3 2, 5
Search information 10 0.4 5
Study of normatives and rules 32 1.28 2, 12, 5

Assessment

The estimation and follow-up of the students  will take into  4  components as the following picture:

  

Activity

Type

Description

Date of delivery

% Weighting

Written report

Group of 2-3 students

Realisation and presentation of written report   in a  team. In the work will analyse  the information that provides a company in the financial annual accounts on the application  of the rules of measurement and register developed in the subject.

To surpass the written report will have to obtain  a minimum of 5 points (on 10 points).

First week of May

10%

Exercises

Group of 2-3 students

 

 

Individual exercicis

 

The students will have to present in writing and expose some practical cases previously defined for.  Weekly activity

To surpass this activity will have to obtain  a minimum of 5 points (on 10 points)

 

Global case in A3 Software

March, April, May, June

 

 

during the course

 

4%

 

 

6%

Midterm exams  written

 

 

(1) theoretical and practical Examination of the subjects 1 to 5

(2) theoretical and practical Examination of the subject 7  (financial instruments)

 THESE TWO TESTS ARE NOT LIBERATORY

 

March

 Abril-May

 

 

 

 

 15%

15%

 

 

 

Final Exam

written

Individual

Theoretical and practical examination of the contents worked during all the semester

 For can do average with the other activities is necessary  to obtain  a minimum note of 5 points in the final examination (on 10)

 

As academic calendar 

 

 

50%

 

 

 

 To  approve Financial Accounting I  the student have to surpass  the activities (work in group, indiviual exercicis and cases and exercicis in group) and obtain at least a note of 5 points (on 10) to the final exam.

 A student who has not participated in any of the assessment activities will be considered "Not evaluable" 

 

Calendar of evaluation activities

The dates of the evaluation activities (midterm exams, exercises in the classroom, assignments, ...) will be announced well in advance during the semester.

The date of the final exam is scheduled in the assessment calendar of the Faculty.

"The dates of evaluation activities cannot be modified, unless there is an exceptional and duly justified reason why an evaluation activity cannot be carried out. In this case, the degree coordinator will contact both the teaching staff and the affected student, and a new date will be scheduled within the same academic period to make up for the missed evaluation activity." Section 1 of Article 115. Calendar of evaluation activities (Academic Regulations UAB). Students of the Faculty of Economics and Business, who in accordance with the previous paragraph need to change an evaluation activity date must process the request by filling out an Application for exams' reschedulehttps://eformularis.uab.cat/group/deganat_feie/application-for-exams-reschedule

 

Grade revision process

After all grading activities have ended, students will be informed of the date and way in which the course grades will be published. Students will be also be informed of the procedure, place, date and time of grade revision following University regulations.

 

Retake Process

"To be eligible to participate in the retake process, it is required for students to have been previously been evaluated for at least two thirds of the total evaluation activities of the subject." Section 3 of Article 112 ter. The recovery (UAB Academic Regulations). Additionally, it is required that the student to have achieved an average grade of the subject between 3.5 and 4.9.

The date of the retake exam will be posted in the calendar of evaluation activities of the Faculty. Students who take this exam and pass, will get a grade of 5 for the subject. If the student does not pass the retake, the grade will remain unchanged, and hence, student will fail the course.

 

Irregularities in evaluation activities

In spite of other disciplinary measures deemed appropriate, and in accordance with current academic regulations, "in the case that the student makes any irregularity that could lead to a significant variation in the grade of an evaluation activity, it will be graded with a 0, regardless of the disciplinary process that can be instructed. In case of various irregularities occur in the evaluation of the same subject, the final grade of this subject will be 0". Section 10 of Article 116. Results of the evaluation. (UAB Academic Regulations).

 

The proposed evaluation activities may undergo some changes according to the restrictions imposed by the health authorities on on-campus courses.

This subject  does not offer the option for comprehensive evaluation.


Assessment Activities

Title Weighting Hours ECTS Learning Outcomes
Cases and exercices in group 4% 0.15 0.01 2, 5, 10
Final exam 50% 3.25 0.13 1, 4, 2, 3, 6, 7, 12, 5, 9, 11
Individual exercicis 6% 0.15 0.01 6, 12, 10
Midterm exams 30% 2.25 0.09 2, 3, 12, 5, 9
Written report in group 10% 0.2 0.01 1, 4, 3, 8, 12, 9

Bibliography

BASIC BIBLIOGRAPHY

ESPAÑA. LEY 16/2007,  de 4 de Julio,  BOE  de 5-07-2007 sobre "reforma de la legislación mercantil en material contable para su armonización internacional con base en la normativa de la Unión Europea".

INSTITUTO DE CONTABILIDAD Y AUDITORIA DE CUENTAS (ICAC)

-  Nuevo PGC, Real Decreto 1514/07,  BOE de  20-11-07 

- Nuevo  PGC PIMES, Real Decreto 1515/07,  BOE de  21-11-07. 

-  Real Decreto 602/2016 BOE 17-12-16 por el que se modifica el Plan General de Contabilidad aprobado por Real Decreto 1514/2007, el Plan General de Contabilidad de Pequeñas y Medianas Empresas aprobado por Real Decreto 1515/2007

-  Real Decreto 1/2021 por el que se modifica el Plan General de Contabilidad aprobado por Real Decreto 1514/2007, el Plan General de Contabilidad de Pequeñas y Medianas Empresas aprobado por Real Decreto 1515/2007

- Resolució de l'ICAC de 1 de març de 2013 sobre immobilitzat material i inversions immobiliaries

- Resolució de l'ICAC de 28 de maig de 2013 sobre inmmobilitzat intangible

GOMEZ VALLS, F. Y otros  (2017): “Ejercicios resueltos y comentados con el nuevo PGC”. ACCID 2017

 

ON LINE

ASOCIACION ESPAÑOLA DE CONTABILIDAD Y ADMINISTRACION DE EMPRESAS (AECA):

http://www.aeca.es

ASSOCIACIÓ CATALANA DE COMPTABILITAT I DIRECCIO (ACCID):

Http://www.accid.org

INSTITUTO DE CONTABILIDAD Y AUDITORIA DE CUENTAS

http://www.icac.meh.es/


Software

Program A3 ECON/CON

Excel

SABI Data base