1012 - INTRODUCTION TO ACCOUNTING

Subject type: Basic

Coordinator: Enric Camón Luis

Trimester: First term

Credits: 6

• Catalan

Material: Catalan 20% - Spanish 80%

The subject proposes the understanding of the basic accounting concepts in order to understand and assimilate the process of drawing up the accounting statements and the meaning of the financial statements prepared as a result of the activity of an organization.

This information system is applicable for different types of organizations. The central axis of the subject is the understanding and development of an accounting cycle, which is worked on from the accounting of basic transactions of the company and with the final obtaining of a balance sheet and an account of results corresponding to the business activity in a period of time.

The knowledge and correct application of accounting regulations and accounting valuation criteria complete the requirements necessary to achieve basic skills and abilities for the future professional development of the student and for the follow-up of studies, and especially those related to the accounting and finance route.

The classroom (physical or virtual) is a safe space, free of sexist, racist, homophobic, transphobic and discriminatory attitudes, either towards students or towards teachers. We trust that together we can create a safe space where we can make mistakes and learn without having to suffer prejudice from others.

Topic 1. Introduction to the study of accounting.

Definition of accounting; the economic reality; Wealth and Income; Economic and Financial Structure; an approach to investment and financing; patrimony, analysis of patrimonial situations, patrimonial masses. Analysis of assets, liabilities and net worth; the working capital; the balance sheet as an expression of the patrimonial balance. Instruments of accounting representation: accounts and accounting books.

Item 2. Intangible and tangible fixed assets. Depreciation and Impairment.

Fixed assets: concept and classes. Tangible fixed assets: concept and classes; recognition and appreciation; assessment after initial recognition; value corrections; alienations and casualties. Intangible fixed assets: concept and classes; recognition and appreciation; value corrections; alienations and casualties.

Amortization: concept; technical, economic and financial significance; variables to be considered in the calculation of depreciation; depreciation systems and depreciation bases.

Deterioration: Concept, nature, causes and classes of deterioration.

Item 3. Current Assets and Liabilities.

Collection rights: concept and classes, valuation and deterioration. Treasury: concept and objectives. Payment obligations: concept and classes, assessment, payroll processing. Introduction to value added tax. Impact VAT VAT Supported. accounting Accounting regularization.

Item 4. Basic financing.

The financing of the company: the financial balance; own resources and external resources. Own resources: capital and reserves: concept and classes; Long-term foreign resources: concept and classes.

Item 5. Income and expenses. Result.

Income: concept and classes; accounting recognition of income. Expenses: concept and classes; accounting recognition of expenses. Principle of correlation of income and expenses. Temporary imputation of income and expenses. Result: concept and classes.

Item 6. Accounting cycle. Annual accounts.

Beginning of the exercise. Accounting development for the year. End of the financial year: regularization and reclassification of accounts, periodization of income and expenses, valuation corrections, determination of the result, closing of accounts. Preparation of annual accounts. The balance sheet: concept and objectives; elements that integrate it; information to disclose. Presentation of the result: concept and objectives; elements that integrate it; information to disclose.

Evaluation system:

The exam at the end of the term accounts for 70% of the grade (50% practical + 20% theoretical). The theory exam consists of test-type questions with four possible answers of which only one answer is valid. The assessment method will be as follows: 1 point if the answer is correct, -0,25 if it is incorrect and 0 if the question is not answered. A minimum grade of 4 out of 10 must be obtained in each part (practical and theoretical) to be entitled to an average grade, in the event that one or both parts do not exceed this 4 out of 10 the exam will not be passed.

The remaining 30% will be formed from the partial exam.

In recovery, you can only take the final test, which will count for 70% of the final grade, as the partial grade will be retained. In the retake, students must obtain a minimum grade of 4 out of 10 in each part (practical and theoretical) to be entitled to an average grade, in the event that one or both parts do not exceed this 4 out of 10, the exam

A student who has not applied for the first call CANNOT apply for recovery.

MUÑOZ MERCHANTE, A. (2021): Introduction to Accounting. Editorial Sanz y Torres, SL Legal Deposit: M-756-2021.

GENERAL ACCOUNTING PLAN FOR SMALL AND MEDIUM-SIZED COMPANIES (2021): Royal Decree 1/2021, 30 January.

GENERAL ACCOUNTING PLAN (2021): Royal Decree 1/2021, 30 January.

URIAS VALIENTE, J. (2004): 2 volumes: 1.- Introduction to accounting: Theoretical aspects and 2.- Practical accounting manual: Introduction. Madrid. Academic Editions.

SOLÀ, Magda.; VILARDELL, Immaculate. (2009): Introduction to general accounting. McGrawHill

MONTESINOS JULVE, VICENTE (2009): Introduction to financial accounting: an international approach. Ariel. 6ª corrected and updated edition adapted to the General Accounting Plan.

ALBELDA, E. and SIERRA, L. (2014): Introduction to financial accounting. Basic exercises. Pyramid.

DIÉGUEZ, J. (Coord.) (2015): Financial accounting. The General Accounting Plan. Pyramid.

LOSILLA, MF (2011): Financial accounting practices. Madrid: Garceta.