Syllabus Information

5.1. Methodological overview

The learning process designed for the course "Financial Accounting " of 9 ECTS credits allocates the 225 hours of workload in 90 classroom training hours (theoretical and practical), and 135 hours of  personal work.
Specifically, the 90 hours of theoretical and practical sessions include participatory lectures and problem solving and case studies. The teaching methodology applied is structured around the following activities:
Participatory Lectures: in these classes the necessary theoretical knowledge will be provided, accompanied by practical examples to facilitate the understanding and application of the concepts studied. These sessions will deal with the content of the program detailed below.
 
Resolution and discussion of problems and case studies: practical activities will be raised by the teacher, some of them in advance and others in class, for the student's work and the solution will be presented and discussed during the scheduled session.
These activities consist of exercises developed by teachers aimed at enhancing the knowledge and real cases aimed at developing professional skills.
Also, the discussion of current issues, reading comments and other interactive activities will be addressed during the syllabus. .
These activities may be conducted both inside and outside the classroom, as well as individual and / or group.

5.2. Learning tasks

The methodology followed in this course is oriented towards achievement of the learning objectives. A wide range of teaching and learning tasks are implemented, such as……….

Explanation,of contents and debate: presentation of theoretical contents and the key topicsof the syllabus. These activities areessentially carried out through classroom sessions but the study also requires a certain degree of off-site dedication and autonomous work. (50h in-class activities)
 
Reading and study of the basic  materials provided as well as the complementary materials suggested in the recommended bibliography. Completion of  additional exercises, assesment preparation andconsulting of other materials accesing to databases. Off-site  activity (45 hautonomous work)
 
Elaboration of reports. This activity implies the development of argumentation, analysis and synthesis skills according to the acquired knowledge as well as the search of reliable information that allows the student  to express  an informed opinion or judgement, of legal or economic character, in the face of a particular situation raised. (50h in-class activities)
 
Groups works applying the practical contents of the subject. Based on the case studies presented by the teacher, the students work with their laptops, using the software tools suggested in the training activity 3 that correspond to the contents of the subject. It is a mixed activity since it is off-sitepreparated by the group of students and in-class presented and  discussed. (80 hours of which 50 in-class activities)
 
Consequently, it will combine the theoretical exposition by the teacher with the active participation of the student in the different subjects under study. In the process of learning it is necessary the study and individual effort of the student.
The calendar of face-to-face sessions will be made public on the website of the center, the presentation of works and other activities will be communicated by the responsible teacher, through the appropriate means, during the development of the subject.

5.3. Syllabus

PART I: REGULATORY FRAMEWORK OF ACCOUNTING IN SPAIN: THE PGC
 
Lesson 1. THE FINANCIAL STATEMENTS AND ACCOUNTING FRAMEWORK
              (Anson Lapeña Jose Angel)
1. The rules that governs financial accounting
2. Objectives of the annual accounts
3. Disclosure requirements in the annual accounts
4. Accounting Principles
5. Components of the annual accounts
6. Recognition criteria for the elements of annual accounts
7. Measurement criteria
8. Differences PGC and PGC SMEs
 
Lesson 2. PROPERTY, PLANT & EQUIPMENT
              (Anson Lapeña Jose Angel)
1. Concept and typology
2. Initial measurement: acquisition or production
3. Special forms of acquisition
4. Renovation, enlargement and improvement
5. Subsequent measurements: Depreciation and Impairments
6. Revaluation property, plant & equipment
 
Lesson 3. FINANCIAL ASSETS AND LIABILITIES
              (Martin Vallespín, Emilio)
1. Financial instruments: concept and typology
2. Financial liabilities
3. Financial assets
4. Financial assets and liabilities in the P.G.C. for SMEs
5. Financial assets and liabilities in the IFRS
 
Lesson 4. FOREIGN CURRENCY TRANSACTIONS
              (Martin Vallespín, Emilio)
1. Foreign currency, functional currency and presentation currency
2. Initial measurement of foreign currency transactions
3. Subsequent measurement of foreign currency transactions
4. Translation of financial statements into the presentation currency
 
Lesson 5. EQUITY
              (Moneva Abadía, José Mariano)
1. Definition and components. Statement of Changes in Equity
2. Accounting for equity transactions: equity instruments
3. Accounting for equity transactions: Compound financial instruments
4. Grants, donations and bequests
 
Lesson 6. DERIVATIVES AND HEDGING
              (Toda Costa, Alicia)
1. Derivative contracts: Concept, types and uses
2. Accounting treatment for derivative instruments
3. Hybrid instruments
4. Hedge accounting
 
PART II: Other regulatory frameworks
 
Lesson 7. FINANCIAL INSTITUTIONS ACCOUNTING
              (Toda Costa, Alicia)
1. The banking industry: management, risk and prudential regulation
2. Accounting for financial institutions: regulatory framework and basic concepts
3. Financial instruments and their mobilization
4. Credit, credit risk and impairment of financial instruments
 
Lesson 8. NON-PROFIT ORGANIZATIONS ACCOUNTING
              (Bellostas Perezgrueso, Ana)
1. Non-profit organizations: concept and delimitations
2. Regulatory frameworks and implications
3. Accounting Standards for foundations and associations
4. Accountability
 
Lesson 9. PUBLIC SECTOR ACCOUNTING
              (Pina Martinez, Vicente and Torres Pradas, Lourdes)
1. The financial statements for public entities in the PGCP
2. The role of the Budget in financial reporting of public entitiesAAPP
3. Differential aspects of public accounting in the areas of property, plant & equipment  and leverage
4. The budget outcome and cash carry over.
5. Financial and non-financial indicators for public entities
 
Lesson 10. ACCOUNTING AND FINANCIAL ASPECTS OF BANKRUPTCY PROCEEDINGS
              (Pascual Gonzalez, Julian)
1. Pre-bankruptcy solutions
2. The bankruptcy
2.1. Analysis of the overall process
2.2. Stages of a bankruptcy process
2.3. Types of bankruptcy
2.4. Key elements of bankruptcy
2.5. Financial analysis of bankruptcy
2.6. The liquidation stage
2.7. Qualification of the bankruptcy
2.8. International approach tobankruptcy

5.4. Course planning and calendar

They will be published on the website of department

http://contabilidadyfinanzas.unizar.es/masteres-universitarios/master-en-auditoria

5.5. Bibliography and recommended resources

González Pascual, Julián. El concurso de acreedores: una nueva solución para las empresas insolventes : perspectiva contable, financiera y jurídica, de la Ley 22/2003, de 9 de julio, concursal / Julián González Pascual Madrid: Centro de Estudios Financieros, 2003