801117 - COMPF1 - Financial Accounting I



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Coordinating unit: Teaching unit: Academic year: Degree: ECTS credits: 2013 801 - EUNCET - Euncet University Business School 801 - EUNCET - Euncet University Business School BACHELOR'S DEGREE IN BUSINESS ADMINISTRATION AND MANAGEMENT (Syllabus 2009). (Teaching unit Compulsory) 6 Teaching languages: Catalan Teaching staff Coordinator: Prof. FERRAN FONTANÉ YUBERO Prior skills It would be helpful to have analytical skills to solve problems Degree competences to which the subject contributes Specific: 2. Applying to the analysis of problems, professional criteria based on the application of advanced techniques and tools. 3. Getting integrated in any functional area of the company and/or Organization and developing professionally any management task assigned. Generical: 1. ANALYTICAL THINKING_N1. Being able to break down a topic or a problem and analyze the premises that form them, investigating in the relations between them and identifying their implications and consequences with the aim of judging their reliability. Teaching methodology Class lectures and participation Independent work Learning based on exercises/case studies Learning objectives of the subject - Knowing the language and the basic concepts of financial accounting. - Learning the General Accounting Plan. - Knowing, understanding and making use of the accounting principles. - Knowing the content of the groups 1 to 7 from the accounting chart of the General Accounting Plan. - Knowing and understanding the chart of the basic accountings of a business. - Understanding the accounting methods of the accounting facts. - Applying the methods, techniques and accounting standards in the realization of the different phases of a business accounting cycle adhered to the Accounting General Plan. 1 / 6

Study load Total learning time: 150h Hours large group: 0h 0.00% Hours medium group: 37h 30m 25.00% Hours small group: 18h 45m 12.50% Guided activities: 6h 15m 4.17% Self study: 87h 30m 58.33% 2 / 6

Content Unit 1: Introduction to financial accounting Learning time: 6h 15m Practical classes: 2h Guided activities: 1h 30m Self study : 2h 45m 1- Identify accounting as an information system for the business 2- Know the concept and objectives of accounting 3- Understand the concept of wealth assets, wealth assets elements, accounting and wealth assets group 4- Understand the structure of the General Accounting Plan 5- Understand the function of the consolidated balance sheet and its structure Unit 2: Accounting cycle: Introduction Learning time: 18h 45m Practical classes: 6h Guided activities: 4h 30m Self study : 8h 15m 1- Know the concept of account and balance, theory of charges and payments and the principle of double entry 2- Identify the accounting plan of a company 3- Be able to register simple accounting operations in the Journal and Ledger book 4- Accounting cycle stages: opening, register of accounting items, regularisation and closure 5- Calculate and interpret the trial balance 6- Calculate and interpret the profit and loss account 7-Calculate and interpret the balance of initial and final situation 3 / 6

Unit 3: Accounting study of the main economic operations I Laboratory classes: 6h 1- Know the rules of evaluation related to purchases and sales 2- Distinguish between the difference of earnings and entries, as well as payments and expenses 3- Be able to solve the exercises and case studies related to economic issues of purchases, sales, entries and expenses 4- Know the definitions and rules related to suppliers, creditors, customers and debtors for commercial operations 5- Be able to distinguish between suppliers, creditors, customers and debtors for commercial operations 6- Identify when the company has to take into account dubious debtors and its acounting effects 7- Be able to solve exercises and case studies related to economic facts of suppliers, creditors, customers and debtors for commercial operations Unit 4: Accounting studies of the main economic operations ll 1- Know the rules of evaluation related to stocks 2- Distinguish between the difference related to the stocks of a commercial or industrial company 3- Be able to solve the exercises and case studies related to the economic facts of stocks and their variation 4- Know the definitions and rules related to commercial effects 5- Be able to distinguish between commercial effects in portfolio, management, discounts or unpayments 6- Be able to solve the exercises and case studies related to economic facts of commercial effects 4 / 6

Unit 5: Accounting study of the main economic operations III 1- Know the rules of evaluation related to personnel accounts 2- Distinguish the difference among the different personnel accounts 3- Interpret the bill of salary, paying attention to the deduction of social security and the withholdings for the personal income tax 4- Be able to solve the exercises and cases studies related to economic facts related to the different situations of the company emplyees 5- Know the definitions and the rules related to the different public administrations 6- Know the taxation system, deadlines for submission of the different taxes of public administrations 7- Be able to solve exercises and case studies related to economic facts of the different public administrations Unit 6: Accounting study of the main economic operations IV 1- Know the accounting principles and the rules of evaluation related to the accounting periodifications 2- Distinguish between the difference of periodifications related to entries and expenses 3- Be able to solve exercises and case studies related to economic facts of periodification 4- Know the rules related to liquid assets 5- Be able to solve exercises and case studies related to economic facts of liquid assets 6- know the accounting principles and the rules related to fixed assets 7- know and be able to calculate the main methods of depreciation of fixed assets 8- Calculate the deterioration of assets 9- Be able to solve exercises and case studies related to economic facts of fixed assets Unit 7: Complete accounting cycle: Practical application 1- Know the different stages of the accounting cycle 2- Be able to solve exercises and compiling case studies related to previous units 5 / 6

Qualification system Final exam: 60% Final written exam including all the units of the course: 60% Continuous: 40% Assessment: tests or mid-semester exams: 20% Exercises, problems, report elaboration and assignments: 20% Bibliography Basic: Omeñaca García, Jesús. Contabilidad General. 11ª. Barcelona: Ediciones Deusto, 2008. Omeñaca García, Jesús. Supuestos prácticos de Contabilidad Financiera y de Sociedades. 6ª. Barcelona: Ediciones, Deusto, 2008. (Real decret 1514/2007, de 16 de novembre). Pla General Comptable. 6 / 6