The course of Financial Accounting is a continuation of the course of Introduction to Accounting, taken in the first four-month period and with which students begin their academic training in the field of Accounting.



Once students are familiar with the concepts and fundamentals of the discipline, have understood the basic accounting model, are able to interpret and represent economic events, and have mastered the recording techniques, objectives of the Introduction to Accounting course, they are ready to delve into the principles that govern the accounting model and how it captures more complex operations.



The main objective of the Financial Accounting course is to carry out an advanced analysis of the accounting model and economic information, integrating the basic operations of the company's long-term activity into this accounting model. The aim is to delve into the accounting regulations applicable in the national area, analysing the measurements allowed, the accounting treatment alternatives, etc. of the permanent structure of the company, both in relation to investment and both internal and external financing. This analysis is carried out on the basis of the accounting standards applicable in Spain for non-current investment and financing operations.



The course of Financial Accounting does not require any prerequisite for admission, although given its relationship with the first four-month period course of Introduction to Accounting, it is highly recommended to have passed this course.

The advanced analysis of the accounting model and the economic information, integrating in this accounting model the basic operations of the company's long-term activity, is the object of study of this course. The Financial Statements, as documents that summarise all the information processed through the accounting model, require detailed study, and their detailed knowledge is the basic objective of this Financial Accounting course.



SPECIFIC COMPETENCES



Students must understand the rules relating to the measurement and recognition of the company's non-current investment operations, whether tangible fixed assets (property, plan and equipment), intangible assets or fixed assets not related to the operating activity. Likewise, they must learn to value and recognise non-current financing operations, both internal and external.



The General Accounting Plan will be followed, and taking into account the complexity and constant change of the economic reality, the student will be provided with the necessary capacity and ability to recognise and adequately reflect all the facts that must be reflected in the accounts. All of this, encouraging criticism and analysis of the different alternatives for reflecting the facts observed.



GENERIC COMPETENCES



*Applying the theoretical and practical knowledge acquired in the diagnosis and resolution of problems using the appropriate analytical instruments in decision-making.



* Knowing how to search for, identifying, analysing and synthesising information from different sources with a critical capacity to assess the situation and foreseeable evolution of a company, making reasoned judgements and taking decisions on relevant economic-business, social and ethical issues.



* Developing the learning skills to acquire a high degree of autonomy, both with a view to undertaking further studies and with a view to their own self-training in a field subject to continuous change and innovation.



* Using information and communication technologies in their field of study and professional context.



* Ability to communicate fluently in written and oral form.



* Ability to work in a team, with responsibility and respect, initiative and leadership.

INTRODUCTION



1. CONCEPTUAL FRAMEWORK: ELEMENTS, RECOGNITION AND MEASUREMENT CRITERIA

2. FINANCIAL AND NON-FINANCIAL STATEMENTS



SECTION ONE. INVESTMENT TRANSACTIONS



TOPIC 1: THE FIXED STRUCTURE OF THE COMPANY AS A SUPPORT FOR OPERATING ACTIVITY



1. FIXED ASSETS: CONCEPT AND CLASSIFICATION

2. FIXED ASSETS: MEASUREMENT ADJUSTMENTS



TOPIC 2. PROPERTY, PLAN AND EQUIPMENT

1. MEASUREMENT STANDARDS OF PROPERTY, PLAN AND EQUIPMENT

2. FORMS OF ACQUISITION OF PROPERTY, PLAN AND EQUIPMENT



TOPIC 3. PROPERTY, PLAN AND EQUIPMENT: OPERATIONS AFTER IMPLEMENTATION.

1. INSPECTION, REPAIR AND MAINTENANCE.

2. RENOVATION, ENLARGEMENT AND IMPROVEMENTS

3. ENVIRONMENTAL REQUIREMENTS: DISMANTLEMENT, REMOVAL AND RESTORATION



TOPIC 4. INTANGIBLE ASSETS

1. CONCEPT AND MEASUREMENT OF INTANGIBLE ASSETS.

2. RESEARCH AND DEVELOPMENT

3. INDUSTRIAL PROPERTY

4. COMPUTER SOFTWARE

5. ADMINISTRATIVE CONCESSIONS

6. GOODWILL

7. LEASEHOLDS

8. OTHER INTANGIBLES



TOPIC 5. THE FIXED STRUCTURE OF THE COMPANY. FIXED ASSETS NOT RELATED TO THE OPERATING ACTIVITY.

1.INVESTMENT PROPERTY

2.NON-CURRENT ASSETS HELD FOR SALE

3.FINANCIAL INVESTMENTS



SECTION TWO: FINANCING OPERATIONS



TOPIC 6. COMPANY FINANCING. NON-CURRENT LIABILITIES

1.CONCEPTUAL FRAMEWORK: ELEMENTS, RECOGNITION AND MEASUREMENT CRITERIA

2.PROVISIONS

3.EXTERNAL FINANCING



TOPIC 7. COMPANY FINANCING. EQUITY

1. CONCEPTUAL FRAMEWORK: ELEMENTS, RECOGNITION AND MEASUREMENT CRITERIA.

2. OWNS FUNDS

3. GRANTS, DONATIONS AND BEQUESTS



TOPIC 8. DISTRIBUTION OF PROFIT OR LOSS FOR THE PERIOD

1. GENERAL CONSIDERATIONS

2. PROFITS

3. LOSSES



SECTION THREE: PRESENTATION OF OTHER BUSINESS INFORMATION STATEMENTS



TOPIC 9. NON-FINANCIAL REPORTING

1. THE MANAGEMENT REPORT

2. OTHER REPORTING: CORPORATE GOVERNANCE REPORT AND CORPORATE SOCIAL RESPONSIBILITY

The teaching staff who teach this course promote academic ethics by encouraging students' sensitivity and perception of ethical aspects, both in their attitude in the classroom and in carrying out individual or team work and various tasks and practicals throughout the course.



The teaching will be face-to-face, as will the assessment tests. This is a compulsory course of 6 credits, which means 4 hours of face-to-face sessions over a period of 15 weeks. Of these, 2.5 hours/week will be lectures and 1.5 hours/week will be classroom practice.



If, for health reasons, it is not possible to be present in the classroom, following the dictates of the competent authority, teaching will be adapted to the circumstances of the moment, and will be carried out either bimodally or virtually. The assessment tests, where appropriate, shall also be adjusted to these circumstances. All these aspects will be provided on E-gela, and regular access to the platform is strongly recommended.

• Final Assessment System
• Tools and qualification percentages:
  • Written test to be taken (%): 70
  • Realization of Practical Work (exercises, cases or problems) (%): 30

The educational system implemented is based on continuous evaluation, which requires progressive and continuous learning by the student - an aspect that confirms the importance of regular attendance at classes, in which questions that do not usually appear in the texts and manuals of the courses are presented, and which enrich and complement them.



Similarly, carrying out the work - in the form of student groups - serves to put into practice the notions and contents that are being assimilated, face the same difficulties faced by the professional in their task (and resolve the dilemmas in order to develop the work), and gain in the ability to communicate rigorously to third parties the main aspects detected in the process of drawing up the economic/financial information of the entity.



In the event that, for health reasons, presence in the classroom is not permitted, the teaching will be bimodal or virtual, as dictated by the competent authority



Continuous Evaluation System:



Students will be assessed by means of written exam/s, as well as different tasks and follow-up tests (practical work, assignments, presentations, readings, etc.). These tasks will be carried out as the course progresses and will be presented on dates to be determined and communicated by the teaching staff.



The weight of each of the activities in the final grade is as follows: 70% by written exam/s, and 30% with the assignments. In order to pass the course, the written exams must be passed and the proposed assignments must be completed and, in addition, the score achieved after applying the foreseen weightings must be at least a grade of 5 (out of 10 points).



The assessment tests by written exam will be face-to-face. If, for health reasons, presence in the classroom is not permitted, in accordance with the dictates of the competent authority, these assessment tests will be adjusted to take these circumstances into account.



The UPV/EHU Student Permanence Regulations is available to students at the following link:

https://www.ehu.eus/es/web/estudiosdegrado-gradukoikasketak/iraunkortasun-arautegia-gradua.



The provisions of the Protocol on academic ethics and prevention of dishonest or fraudulent practices must also be taken into account in assessment tests and academic work at the UPV/EHU. Electronic document available at the following link:

https://www.ehu.eus/documents/2100129/0/6.-+b%29+Protocolo+plagio+cas+-.pdf/11f13960-d46a-cf5a-ac13-ebfb5ad10acd

The final exam in this call will comprise 100% of the mark for the course.



The assessment test in the extraordinary call will be in-person, except if the competent competent authority determines that it is impossible for these tests to be carried out through physical presence in the classroom.



The UPV/EHU Student Permanence Regulations is available to students at the following link:

https://www.ehu.eus/es/web/estudiosdegrado-gradukoikasketak/iraunkortasun-arautegia-gradua.



The provisions of the Protocol on academic ethics and prevention of dishonest or fraudulent practices must also be taken into account in assessment tests and academic work at the UPV/EHU. Electronic document available at the following link:

https://www.ehu.eus/documents/2100129/0/6.-+b%29+Protocolo+plagio+cas+-.pdf/11f13960-d46a-cf5a-ac13-ebfb5ad10acd

1.- Materials to be provided by the teaching staff of the course, both theoretical and practical.

2.- Spanish General Accounting Plan (Royal Decree 1514/2007), of 16th November.

3.- Resolutions of the Spanish Accounting and Auditing Institute (Instituto de Contabilidad y Auditoría de Cuentas) in relation to the topics analysed in the course syllabus. For example:

* Resolution of 18 October 2013, of the Spanish Accounting and Auditing Institute (ICAC), on the financial reporting framework when the application of the going concern principle is not appropriate.

* Resolution of 18 September 2013 of the Spanish Accounting and Auditing Institute (ICAC) on recognition and measurement standards and disclosures to be included in the notes to the annual accounts on the impairment of assets.
* Resolution of 28 May 2013 of the Spanish Accounting and Audit Institute (ICAC), which lays down rules on the recognition, measurement and disclosure of intangible fixed assets in the notes to the annual accounts.

* Resolution of 1 March 2013 of the Spanish Accounting and Audit Institute (ICAC), which lays down rules on the recognition and measurement of tangible fixed assets and investment property.

Basic bibliography

DIRECTIVE 2014/95/EU, on disclosure of non-financial information and information on diversity by certain large companies and certain groups. LAW 11/2018, of 28 December, on non-financial information and diversity.



UNITED NATIONS, UN (2015): 2030 Agenda for Sustainable Development. Accessible at

web https://www.un.org/sustainabledevelopment/es/development-agenda/



ROYAL LEGISLATIVE DECREE 1/2010, of 2 June, approving the revised text of the Capital Companies Act (amended on 15 November 2012).



GENERAL ACCOUNTING PLAN 2007 (ROYAL DECREE 1514/2007, of 16 November, approving the General Accounting Plan), and subsequent adaptations.



GENERAL ACCOUNTING PLAN FOR SMALL AND MEDIUM-SIZE COMPANIES AND SPECIFIC ACCOUNTING CRITERIA FOR MICRO-ENTERPRISES (Royal Decree 1515/2007, of 16 November, approving the General Accounting Plan for Small and Medium-Sized Companies and the specific accounting criteria for micro-enterprises), and subsequent adaptations.

In-depth bibliography

AECA (2010): Normalización de la información sobre RSC. Comisión de Responsabilidad Social Corporativa, Asociación Española de Contabilidad y Administración de Empresas -AECA-, Madrid.

AECA (2012): Marco Conceptual de la Información Financiera (revisado). Comisión de Principios y Normas de Contabilidad, Asociación Española de Contabilidad y Administración de Empresas -AECA-, Madrid.

ARQUERO. J.L., JIMÉNEZ, S.M, RUIZ, I. (2017): Introducción a la contabilidad financiera. Ed. Pirámide.

CASTRILLO LARA, L.A. (coordinador) (2008): Plan General Contable 2007. Aplicación de las normas de valoración. (Comentarios y casos prácticos). Ed. Delta. Publicaciones Universitarias.

GALLIZO, J.L. coordinador (2006): 'Responsabilidad social e información medioambiental de la empresa'. Ed. AECA. Colección Monografías.

GOBIERNO VASCO/EUSKO JAURLARITZA (2019): Contribución Vasca a la Agenda 2030 para el Desarrollo Sostenible. Accessible at http://www.euskadi.eus/pdf/agenda-euskadi-basque-country-2030.pdf

MONTESINOS JULVE, V. (coordinador) (2017). Fundamentos de contabilidad financiera (3ª edición – adaptado al RD 602/2016). Ed. Pirámide.

WANDEN-BERGHE, J.L. (coordinator) (2012). Contabilidad financiera II. Ed. Pirámide.

Web addresses

Accountability: http://www.accountability.org/index.html

AECA, Spanish Association of Accounting and Business Administration: https://aeca.es/

Bank of Spain: http://www.bde.es

Spanish Securities Market Commission (CNMV): http://www.cnmv.es

Global Reporting Initiative https://www.globalreporting.org/Pages/default.aspx

Spanish Accounting and Auditing Institute (ICAC) http://www.icac.meh.es

International Accounting Standards Board (IASB): http://www.ifrs.org/Pages/default.aspx

Corporate Social Responsibility Observatory (Observatorio de RSC) http://observatoriorsc.org/

Spanish Global Compact Network (REPM): https://www.pactomundial.org/