1015 - FINANCIAL ACCOUNTING

Subject type: Mandatory

Coordinator: Núria Masferrer Llabinés

Trimester: Second term

Credits: 6

Check the schedules of the different groups to know the language of teaching classes. Although the material can be in any of the three languages.

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.

• Delve into those accounting operations more specific to the business environment following the principles and valuation criteria of the General Accounting Plan: Tangible and intangible fixed assets, stocks, financial assets and liabilities, equity and subsidies, among others.
• Specific view of the different components that make up the annual accounts of a company. With real practical cases and examples of the Annual Accounts of companies and other organizations.

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

SUBJECT 1: Introduction

Basic concepts in financial accounting. Accounting as an information system: the importance of accounting harmonization. The conceptual framework of accounting: a) Accounting Principles, b) Registration Criteria and c) Valuation Criteria.

SUBJECT 2: Tangible and intangible fixed assets, real estate investments, financial leases and operating leases  

Introduction and basic concepts. Evaluation. Particularities of tangible and intangible fixed assets. Capitalization of financial expenses. Financial and operating leases. swaps Real estate investments.

SUBJECT 3: Stocks

Introduction and basic concepts. Valuation and registration of stocks. Value corrections and stock write-offs. Valuation of final stocks. Cost of goods sold and gross margin.

SUBJECT 4: The financial assets

Long-term financial investments. Short-term financial investments. Customers, debtors and other accounts receivable. Investments in group and / or associated companies.

TOPIC 5: Equity

Composition of equity. Income and expenses charged directly to Equity (Groups 8 and 9 of the General Accounting Plan).

SUBJECT 6.- The financial liabilities and other liabilities

Bank loans and other financial liabilities. Suppliers, creditors and other accounts payable. Calculation and accounting of income tax. Financing of group and / or associated companies.

SUBJECT 7.- The annual Accounts: Model abbreviated and no abbreviated

Formulation of Annual Accounts: Balance Sheet, Profit and Loss Account, Statement of changes in equity, Cash Flow Statement and Report.

The appropriate and progressive practice of the different exercises proposed by the teacher in the course of the subject, duly solved, either jointly in class or individually or as a team; looking for the solution manually, and / or using the computer means, what is tried is to facilitate the attainment of an experienced professionalism.

The exams make up 75% of the grade, the remaining 25% will be made up of the work carried out in the collective activities in class and the completion of individual or group tasks. The defense in public, the explanation in front of colleagues of the doubts and questions raised and the resolution of the difficulties encountered will be assessed. 

A minimum grade of 3,5 out of 10 on the final exam will be required for you to average with the continuous assessment. To pass the subject you must have obtained a grade equal to or higher than 5 out of 10 in the partial exam and/or the final exam and that the result of the NOTA is the average of the exams (75% of the grade) and the assignments/ practices/participation (25% of the grade) either greater than or equal to 5 out of 10. 

RECOVERIES

You can only make up partial or final exams. Students will be required to have a minimum of knowledge and recovery will be either fully or partially for the parts that do not reach a sufficient level of knowledge. The assessment grade continues (work 25%), it is not recoverable, they remain valid as well as the minimum grade of the exam.

Summary of evaluation weights:

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

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

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

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

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

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.

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

ICAC resolution of March 28, 2013 on intangible assets

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

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. 

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

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

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

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

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