1015 - FINANCIAL ACCOUNTING

Subject type: Mandatory

Coordinator: Maria Dolors Celma Benaiges

Trimester: Second term

Credits: 6

Academic year: 2025

Teaching course: 2

• English

The material can be in Catalan, Spanish or English.

In this subject, the knowledge acquired in the previous subject of Introduction to Accounting is deepened, with the application of the General Accounting Plan (PGC) and Resolutions of the ICAC (RICAC) in force.

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

TOPIC 1. Accounting Conceptual Framework and Annual Accounts (CCAA)

• Introduction to financial accounting: accounting as an information system and the importance of accounting harmonization 
• Accounting principles, registration and valuation criteria 
• Annual Accounts: identification and interpretation 

TOPIC 2. Fixed assets, real estate investments and leases 

• Initial and subsequent valuation of tangible and intangible assets 
• Capitalization of financial expenses 
• Operating and financial leases 
• Real estate investments and swaps 

TOPIC 3. Inventories 

• Valuation and registration of inventories 
• Deterioration and write-off of inventories 
• Impact of inventories on the company's results through the calculation of cost of goods sold and gross margin

TOPIC 4. Financial assets 

• Short and long-term financial investments. Initial and subsequent valuation. 
• Customers, debtors and operations with group and associated companies 
• Impact of financial assets on the Autonomous Communities: financial assets at fair value with impact on P&G and PN. 

TOPIC 5. Net Worth

• Composition of Net Worth: Equity, capital grants and legacies and changes in value 
• Capital operations: expansion, reduction, etc. 
• Registration of income and expenses directly attributed to Net Assets 

TOPIC 6. Financial liabilities 

• Loans, suppliers and creditors. Initial and subsequent valuation 
• Corporate tax. Concept and introduction to calculation 
• Operations with VAT and IRPF

TOPIC 7. Introduction to the analysis of Financial Statements 

• Basic analysis of financial statements for decision-making 
• Introduction to financial statement analysis tools

L'subject evaluation will be based on three items: 

• Midterm exam (25%)
• Final exam (50%)
• Continuous assessment (25%)

The evaluation requirements are: 

• A minimum grade of 4/10 will be required in the final exam for it to be averaged with the continuous assessment.
• A grade equal to or greater than 5/10 will be required in at least one of the two exams (final or midterm) to pass the subject. 
• The final average grade of all evaluation activities must be equal to or greater than 5/10.  

If the student does not meet the evaluation requirements (in the previous ordinary call), he or she must appear in the extraordinary call (recovery) for the subject. 

The requirements for recovery are: 

• Only the final exam (50% of the grade) will be retaken. The grade for the midterm exam and continuous assessment will remain the same as for the regular exam. 
• In order for a student to be able to take the retake exam, they must have taken the first (ordinary) exam. 

Any form of academic fraud will be sanctioned in accordance with the center's assessment regulations. If signs of fraud are detected, including the improper use of generative artificial intelligence tools, the subject's teaching staff may call the student for an individual interview with the aim of verifying their authorship.

Emilio Navarro Heras and Luis Gil Herrera (2013), "The Basics of Financial Accounting. Adapted to the Spanish General Accounting Plan." EDISOFER (2013). 

Law 16/2007, of 4 of July, published in the BOE of 5 of July of 2007 on reform of the mercantile legislation in accounting matter for his international harmonization with base ala normative of the European Union.

PGC, Royal Decree 1514/07, BOE of 20-11-07 

Royal Decree 1/2021 amending the PGC approved in RD 1514/07

Royal Decree 1515/07, BOE of 21-11-07.- PGC PIMES

ICAC resolution of March 1, 2013 on property, plant and equipment and real estate investments

ICAC resolution of March 28, 2013 on intangible assets

Spanish General Accounting Plan. Approved by Royal Decree 1514/2007 of 16th November 2007. Institute of Accounting and Auditing (ICAC).

Arimany Serrat, N and Viladecans, C (2010): "Statement of Changes in Equity and Statement of Cash Flows: Elaboration and Interpretation" Ed. Profit.

Catalan Association of Accounting and Management: http://www.accid.org

Francesc Gómez and other authors (2017): "Exercises Resolved and commented with the PGC" ACCID.

Institute of Accounting and Auditing: http://www.icac.meh.es

María del Mar Camacho Miñano (Coord.) Murat Akpinar, María Rivero Menéndez, Elena Urquía Grande, Anne Eskola. Pirámide Publishing (2015). Beyond the Figures. Introduction to Financial Accounting. European Financial Accounting Manual.

RD 602/2016, of 2-12-16, BOE of 17-12-16, that modifies the PGC and PGC of SMEs. 

Spanish General Accounting Plan. Approved by Royal Decree 1514/2007 of 16th November 2007. http://www.icac.meh.es/documentos/contabilidad/pgc%20ingles.pdf