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Business/ Economics: Introducción a la contabilidad financiera / Introduction to Financial Accountin
Universitat Pompeu Fabra (UPF)
Barcelona, Spain

Subject Area(s) Level(s) Instruction in Credits Contact Hours Prerequisites
Business Management, Economics 200 English 3 45 N/A

LLICENCIATURA EN ADMINISTRACIÓ I DIRECCIÓ D’EMPRESES

LLICENCIATURA EN ECONOMIA

 

Introducció a la Comptabilitat Financera (10068) – Introduction to Financial Accounting

 

1                   Accounting and Information Systems

The nature of accounting and the importance of information. The role and objectives of accounting. Major users of accounting information. Accounting systems. Requirements towards accounting information.

 

2                   The Balance Sheet

The financial position/condition of a company. The three major elements of a balance sheet: Assets, liabilities and owners’ equity. The balance sheet equation.

 

3                    Accounting Methods

Accounting methods. Business activities: Economic and accounting transactions. Classification of accounting transactions. Recording of accounting transactions. The financial statements. Changes in the owners' equity: Income. Link balance sheet to income statement.

 

4                   The Recording Process: Journal, Ledger, Accounts

The account as an accounting instrument.  Classification of accounts. The journal and the ledger. Double-entry recording system.

 

5                   The Accounting Cycle - An Introduction

Total income and periodic income. The accounting cycle - an introduction. Valuation of assets and liabilities: Basic accounting principles.

 

6                   The Periodic Income: Revenues and Expenses

Revenues: Definition and classes. Expenses: Definition and classes. The accrual basis of accounting - Periodicity. The periodic income: Its calculation and recording. Distribution of the periodic income.

 

7                   Inventories

Types of inventories. Permanent and periodic inventory systems. Recording purchase and sale transactions using the permanent and the periodic inventory systems. General comparison of both systems.

 

8                   The Accounting Cycle In Detail

Stages in the accounting cycle: Opening stage. Development stage. Closing stage. Determination of the periodic income. The income statement – Forms of presentation: 
T-account format and the multi-step report format. The balance sheet.

 

9                   Accounting of Basic Transactions

Accounts receivable and payable. Noncurrent assets: Amortization and depreciation. Financial liabilities and financial investments.

 

10              Legal Aspects of Accounting

Legal regulation of accounting in Spain. Formal accounting principles and concepts. The Spanish ‘Plan General de Contabilidad’: Concept, objective, characteristics.

 

References:

In English:

Horngren, C.T.; Sundem, G.L.; Elliott, J.A. Introduction to Financial Accounting, 8th edition, Prentice Hall 2002.

 

In Spanish or Catalan:

ROSANAS I MARTI, J. M. Informació comptable per a la presa de decisions

empresarials: una introducció a la Comptabilitat. Barcelona: Ariel, 1992.

SOLDEVILA, P.; OLIVERAS, E. Manual de contabilidad. Barcelona: Gestión 2000,

2001.











 
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