Teaching Plan Information

1. General information

1.1. Aims of the course

-          The student must know and be able to apply the most relevant aspects of accounting recognition and the measurement of economic and financial business transactions, within the framework of the Spanish accounting regulation and, in particular, taking into account the General Accounting Plan.

-          The student must know the main economic and financial transactions of business entities and other organisations.

-          The student must acquire skills in order to properly register and interpret the economic events that take place in business entities and other organisations.

1.2. Context and importance of this course in the degree

The students, having studied “Financial Accounting I” in the first term of the degree, which presents the basic theoretical concepts and accounting methodology, go on to study “Financial accounting II” which deals with the basic accounting regulation in Spain, the General Accounting Plan. Therefore, these two courses are basic subjects that allow students to continue with the study of other subjects in the degree related to the elaboration and interpretation of financial information of business entities and other organisations.

1.3. Recommendations to take this course

This subject takes basic accounting concepts studied in Financial Accounting I as its starting point. The students should have, at least, a basic knowledge of the accounting method and the components of the annual accounts.

2. Learning goals

2.1. Competences

Assess the situation and foreseeable evolution of business entities and other organisations, make decisions and extract relevant knowledge.

Solve problems

Analyse and synthesize.

Work in teams.

Put knowledge into practice.

2.2. Learning goals

The student, in order to pass the course, will have to show her/his competence in the following skills:

Can list and classify the sources of accounting standards which are applicable in Spain.

Can interpret, assess and represent, the economic and financial events that arise from the economic activity of the company, in accordance with the accounting criteria established in the Spanish General Accounting Plan (GAP) at an intermediate level

Can quantify the economic effect of business operations in the results and in the economic and financial situation of the company

Can differentiate between the components of the annual accounts listed in the GAP.

2.3. Importance of learning goals

 Accounting is a basic element in the education of a graduate student in the field of Business because it allows the student to understand the impact of the economic and financial transactions of an entity on its performance and economic and financial position. Accounting is a very useful tool for the analysis of economic and financial information for decision-making purposes.

3. Assessment (1st and 2nd call)

3.1. Assessment tasks (description of tasks, marking system and assessment criteria)

The students must demonstrate that they have achieved the learning results of this subject through the following assessment activities:

For the June exams, two evaluation systems are available:

1. 1. 1. A continuous assessment system consisting of two parts:
2. 90% of the mark will be obtained from two theoretical-practical exams. The first one will be around April and will cover the contents of lessons 1 to 4. The second one will cover the contents of lessons 5 to 10 and will be in May or June, either during the last weeks of the term or on the dates established by the Faculty for the continuous assessment exams. The exact dates and times will be notified in advance, both in class and through Moodle. The weighting of these exams will be 35% and 65%, respectively, within the 90% allocated to exams.

In order to pass the subject in the continuous assessment system, a minimum mark of 4 (out of 10) is required in both exams.

2. 10% of the mark will be obtained from classroom activities proposed by the teachers throughout the term. These activities can consist of practical exercises, assessment tests with short questions, multiple choice exercises, or other type of activities proposed by the teachers (around 4 or 5 activities will be carried out throughout the term and each of them will have the same weight within the 10% of the mark). Their objective is to assess students' continued work throughout the term.

In order to pass the subject in the continuous assessment system, a minimum mark of 4 (out of 10) is required in each of the theoretical-practical exams and the weighted average score in the continuous assessment should be greater than or equal to 5.

2. 2. 2. A global assessment system. The student that does not choose the continuous assessment system, does not pass the subject in the continuous assessment system, or wants to improve his/her mark, will be entitled to sit the global exam. Its content will be theoretical-practical and it will take place on the date and time established by the Faculty.

In the June exams, the mark of the students that follow both systems will be the highest between the mark in the continuous assessment system and in the global assessment system.

The mark for the students that do no pass the subject in the continuous assessment system and do not sit the global exam will be "no show/absent".

The exams will consist of several questions. The score of the theoretical questions, consisting of multiple choice exercises, will range from 10% to 15% of the final mark of the exam. The rest of the exam will consist of practical exercises about the measurement, recording and presentation of the economic events included in the syllabus. Some of the exercises may take the form of multiple choice questions.

In the September exams, the assessment will be carried out through a final exam. Its content will be theoretical-practical, including the same type of questions explained above.

In the global assessment system of the June and September exams, the final mark will be the one obtained in the final exam. Students will pass if they obtain at least 5 points in the exam.

Assessment criteria:

In all the exams, the assessment criteria that will be used include: accuracy in the responses to multiple choice questions; rigor; correct, clear and ordered reasoning; command of the terminology; and an adequate approach and accuracy in the solution of practical exercises.

4. Methodology, learning tasks, syllabus and resources

4.1. Methodological overview

The subject will consist of theoretical and practical sessions. In the practical sessions, whenever possible, the group will be split into two. This will allow the students to participate more actively in the practical sessions. Because of the characteristics of the subject, the theoretical sessions also have an essentially practical approach. However, it will be in the practical sessions where the students will be encouraged to take a more active role in their own learning processes.

All in all, the aim is to "learn by working".

The materials for this subject will be available at http://moodle2.unizar.es for the students enrolled in the subject.

4.2. Learning tasks

http://moodle2.unizar.es before the theoretical classes to make it easier for the students to follow the class. (NOTE: the lectures and the practical examples and exercises will be available on the e-learning platform, but not the solutions).

2. Practical sessions (30 hours): These will consist of solving practical exercises. The scheme will be as follows:
   1. The practical exercises will be available at http://moodle2.unizar.es before the practical classes.
   2. Students will solve the exercises at home.
   3. The teacher will ask for volunteers to solve the different parts.
3. Office hours: Students will have time for tutorials with the teachers of their group. They will also have the possibility of submitting queries by e-mail.
4. Autonomous work: It is essential for students to distribute this workload throughout the semester in order to better learn the contents. This will make the learning of subsequent lessons easier.
5. Use of ICTs as study and learning tools: The online learning platform "Moodle" will be used to post the syllabus, materials and practical exercises of the subject. Likewise, students will be provided with this teaching guide and other information that may be useful for them (announcements about practical classes, news of interest, and so on).
6. Assessment: See the "Assessment" section.

The office hours, personal work by the student and other activities involve 90 hours, approximately.

4.3. Syllabus

1. Operating debtors: Concept and classification
2. Trade receivables
3. Other operating debtors
4. Operating creditors: Concept and classification
5. Trade payables
6. Other operating creditors

Topic 8. Provisions and other situations of uncertainty

1. Provisions: Concept and typology
2. Recognition and measurement of provisions
3. Changes in accounting criteria, accounting estimates and correction of errors

Topic 9.  Income, expenses and profit or loss

1. Concept and classification of income and expenses
2. Income allocated to profit or loss. Revenue from sales and the rendering of services
3. Expenses allocated to profit or loss
4. Income tax
5. Accruals and prepayments
6. Profit or loss for the financial year

Section III. Annual accounts

Topic 10.  Annual accounts

1. Objective and scope of the annual accounts
2. Disclosure requirements in the annual accounts
3. Preparation of the annual accounts
4. Structure of the annual accounts
5. Components of the annual accounts

4.4. Course planning and calendar

Timetable for theoretical and practical classes and presentation of assignments:

The distribution of activities throughout the semester will be as follows:

• Weekly sessions of theoretical classes (2 hours per week).
• Weekly sessions of practical classes (2 hours per week).
• Throughout the term, four hours of the weekly sessions of practical or theoretical classes will be used to carry out  the continuous assessment exams (see the "Assessment" section).

The classes will start and finish on the dates indicated in the academic calendar for the subjects of the second term.

During the period of classes, two assessment exercises will be carried out, one around April and the other in May or June, either during the last week of the term or on the dates established by the Faculty for the continuous assessment exams. The exact dates and times will be notified in advance, both in class and through Moodle.

Furthermore, students will have two additional opportunities to pass the subject in the official exam periods: one in June and the other in September, on the dates fixed by the Faculty.