The main objective of this subject is to present the conceptual and technical elements of Accounting. In this sense, this subject presents the main annual accounts and the elements that conforms these financial statements, the valuation model. Further, in this subject students will learn the bookkeeping system and the rules of accounting framework.

This subject is the starting point in the knowledge and comprehension of the accounting system. It is necessary to learn this subject in order to be able to enrol in other accounting disciplines along the degree as Financial Accounting, Management Accounting, Advance Financial Accounting, Financial Statements Analysis, specially for those enrolled in Business Administration Degree.

TOPIC DESCRIPTORS



ANALYSIS OF THE ACCOUNTING MODEL AND FINACIAL INFORMATION; THE SPANISH GENERAL ACCOUNTING PLAN; ANNUAL ACCOUNTS



COURSE OBJECTIVES

The objective of the course is for the student to learn to read, understand, and analyze financial statements. The course is intended for students with no previous exposure to financial accounting. The course adopts a decision-maker perspective

of accounting by emphasizing the relation between accounting data and the underlying economic events that generated them. The course focuses initially on how to record economic events in the accounting records and how to prepare and interpret the primary financial statements that summarize a firm's economic transactions (i.e., the balance sheet and the income statement)



1. To analyze the accounting model and financial information

2. Learn accounting bookkeeping in order to present the situation and results of the company.

3. Annual accounts: models, structure and content

4. Valuation and bookkeeping the main short term operations of the Business activity.



SPECIFIC COMPETENCES FOR INTRODUCTION TO FINANCIAL ACCOUNTING When finishing the course, the student will:

1. Be familiar with accounting models.

2. Be able to manage the main bookkeeping tools

3. Understand the Basic and fundamental accounting concepts.

4. Valuate and register the basic short term business operations



GENERIC COMPETENCES FROM MÓDULOEM01- BASIC SUBJECTS



* (M01CM01) DEVELOP LEARNING ABILITIES IN ORDER TO REACH A HIGH AUTONOMY LEVEL FOR NEXT STUDIES AS WELL AS FOR SELF TRAINING IN A CHANGING AND INNOVATIVE CONTEXT

* (M01CM04) TO KNOW HOW TO LOOK FOR, IDENTIFY, ANALYZE AND SUMMARIZE INFORMATION FROM SEVERAL RESOURCES WITH A CRITICAL PERSPECTIVE, IN ORDER TO ASSESS A COMPANY CURRENT SITUATION AND POSSIBLE FUTURE EVOLUTION AND TO ISSUE JUDGEMENTS AND TAKE DECISIONS ABOUT RELEVANT BUSINESS, SOCIAL AND ETHICAL ISSUES.

* (M01CM05) USE OF TICS IN A LEARNING AND PROFESSIONAL CONTEXT.

* (M01CM06) ABILITY TO COMMUNICATE IN AN ORAL AND WRITING WAY

* (M01CM07) ABILITY TO TEAM WORKING, WITH RESPONSIBILITY AND RESPECT, INITIATIVE AND LEADERSHIP

SYLLABUS



I. FUNDAMENTAL ACCOUNTING



CHAPTER 1 Accounting and Business environment

CHAPTER 2. Annual reports: the Balance Sheet

CHAPTER 3. Annual reports: Income statement

CHAPTER 4. Other Annual Accounts: Statement of changes in equity, Cash flow statement and Notes

CHAPTER 5. Accounting bookkeping: T-Account

CHAPTER 6. Accounting Cycle





II. ACCOUNTING REGULATION



CHAPTER 7. Accounting regulation systems



III. ACCOUNTING FOR SHORT TERM OPERATIONS



CHAPTER 8. Accounting for taxes

CHAPTER 9. Accounting for merchandising operations: inventory, valuation, purchase, sales, discounts.

CHAPTER 10. Trade and other receivables

CHAPTER 11. Accounting for human resources

CHAPTER 12. Prepayments for current assets and current accruals

Syllabus Lecturers



GRUPO 01: Amaia Maseda

GRUPO 02: Amaya Herrero

GRUPO 03: Amaya Herrero

GRUPO 16: Josune Amondarain, Lorea Andicoechea

GRUPO 17: Lorea Andicoechea

31. TALDEA: Itxaso Zaitegi

32. TALDEA: Itxaso Zaitegi

46. TALDEA:

GROUP 61: Itziar Garrote



Coordinator: Amaia Maseda

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

CONTINUOUS EVALUATION



The Bologna educational method is based on continuous assessment of the students’ progression. All exercises, reports, compositions and practical work done by the student throughout the semester are of relevance for final grades



The current assessment system is based on continuous evaluation. This implies a progressive and continuous learning process by the students. This clearly implies that students must attend class regularly as themes presented in class will differ from those written texts available to them.

Final grades are usually obtained after a written exam, based on the knowledge and skills acquired by the student during

the semester and after some activities.

The weight on the final grade of each activity is as follows:

70% exam

30% team project



NO CONTINUOUS EVALUTION:



Following the university regulation related to asessment, students who choose not to follow the continuos evaluation system, have the right to sit for the 100% of the grade in the ordinary exam.



EXTRAORDINARY EXAM SITTING: There will be a final exam with the 100% of the grade.



RENUNCE TO EXAM

For those students not wishing to participate in the ordinary exam sitting, the following norm will apply:

In the case of a subject where the final exam represents more than 40% of the total grade, it will be enough with no sitting for the exam in order to obtain the calification of not attended.

Extraordinary Sitting: The exam will represent the 100% of the grade.

In order to carry out the subject, students will have at their disposal the teaching notes and practical tasks provided by the teacher.

Basic bibliography

TEXT BOOK REFERENCES



Camacho-Miñano (Coordinator). BEYOND FIGURES. INTRODUCTION TO FINANCIAL ACCOUNTING. Editorial Pirámide.



Muñoz Merchante, Ángel.INTRODUCCIÓN A LA CONTABILIDAD. Ediciones Académicas / UNED



Muñoz Merchante, Ángel. PRÁCTICAS DE INTRODUCCIÓN A LA CONTABILIDAD. Ediciones Académicas / UNED



Wanden-Berghe, J.L., Fernández, E. INTRODUCCIÓN A LA CONTABILIDAD. Editorial Pirámide.

In-depth bibliography

Arquero, J.L., et al. INTRODUCCIÓN A LA CONTABILIDAD FINANCIERA. Ediciones Pirámide.

Fernández-Cuesta,C. & Gutiérrez López, C. INTRODUCCIÓN A LA CONTABILIDAD FINANCIERA. Adaptado a la
pequeña y mediana empresa. Ediciones Pirámide.

Socías, A. et al. CONTABILIDAD FINANCIERA. EL PGC. SUPUESTOS. Ediciones Pirámide.

Monger, R. FINANCIAL ACCOUNTING. Wiley.

Weygandt, Kimmel and Kieso. FINANCIAL ACCOUNTING. IFRS EDITION. Wiley.

Journals

Academic or professional journals can be used throughout the course to develop a specific topic of interest.

Web addresses

SPANISH GENERAL ACCOUNTING PLAN

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

COMPLEMENTARY REFERENCES

COMISIÓN EUROPEA-MERCADO INTERIOR: http://europa.eu.int/comm/internal_market/accounting/index_en.htm

COMISIÓN NACIONAL DEL MERCADO DE VALORES (CNMV): http://www.cnmv.es/index.htm

INSTITUTO DE CONTABILIDAD Y AUDITORÍA DE CUENTAS: http://www.icac.meh.es/

BANCO DE ESPAÑA, http://www.bde.es

DIARIO CINCO DIAS, http://www.cincodias.com/

IAS PLUS, http://www.iasplus.com/index.htm