Competencies and objectives

Provisional information. Pending approval.

 

Course context for academic year 2026-27

The objective of Financial Accounting I is to introduce students to the fundamentals of accounting, including the general characteristics of major bookkeeping entries, the accounting cycle, and the core elements of financial statements. The course introduces the General Accounting Plan and applies it to assets and liabilities.
The course's contribution to the degree’s professional profile provides students with the knowledge needed to integrate into a company and perform management and administrative tasks. It provides the criteria for obtaining relevant information and analyzing business challenges. As the introductory subject within the Accounting module, it is taught from an external accounting perspective, serving as the foundation for Financial Accounting II.

 

 

Learning outcomes / Course competencies (verified by ANECA in official undergraduate and Master’s degrees) for academic year 2026-27

General Competences (CG)

  • CG4 : Apply professional criteria based on using technical instruments to analyse problems.
  • CG6 : Obtain important information that is impossible for non-professionals to recognise from the data.

 

Specific Competences (CE)

  • CE2 : Integrate oneself in any functional area of a small, medium or large company or organisation and carry out all the management tasks involved without problems.

 

 

 

Learning outcomes (Training objectives)

No data

 

 

Specific objectives stated by the academic staff for academic year 2026-27

The objective of Financial Accounting I is to introduce students to the fundamentals of accounting, including the general characteristics of major bookkeeping entries and the accounting cycle. The ultimate goal is to enable students to prepare financial statements that summarize a company’s equity, financial, and economic position, providing a solid foundation for business decision-making. Specifically, the course objectives are as follows:
• Understand the evolution of information systems and identify accounting terminology and its significance.
• Define the fundamental concepts of an accounting information system: equity (net worth) and profit/loss.
• Analyze business dynamics and their specific impact on the company's equity.
• Master the principles of double-entry bookkeeping as the essential foundation of accounting.
• Identify the conceptual instruments used in accounting and understand their practical application.
• Define the accounting cycle, detailing its various phases and justifying the necessity of periodic profit and loss calculations.
• Examine the issues arising from commercial relationships, specifically regarding rights of collection (receivables) and payment obligations (payables).
• Present the legal frameworks governing accounting information, including both Spanish and international regulations.
• Acquire basic skills in financial statement analysis for firms.

 

 

General

Code: 22007
Lecturer responsible:
Ramón Dangla, Remedios
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

  • Dept: Finance and Accounting
    Area: Financial Economics and Accounting
    Theoretical credits: 1,5
    Practical credits: 0,9
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught