Competencies and objectives
- Course context for academic year 2014-15
- Course content (verified by ANECA in official undergraduate and Master’s degrees)
- Learning outcomes (Training objectives)
- Specific objectives stated by the academic staff for academic year 2014-15
Course context for academic year 2014-15
This course is the second of three financial accounting courses which provides a comprehensive study of financial accounting theory and financial accounting reporting. The course will concentrate on the foundations of financial accounting and include an in-depth study of generally accepted accounting principles and concepts. Emphasis will be on a deeper understanding of property, plant and equipment, intangible assets and financial instruments.
The main objective of the course is to study in depth the rules for compiling the financial information reflected in the financial statements SO that they may become a useful tool for decision-making in business. In order to achieve this, students must dominate the methodological foundations of Accounting, the tools of technical accounting and elementary measurement standards.
In general, the course of Financial Accounting II focuses on requirements, mandatory accounting information and accounting principles which are enshrined in the plan, and the criteria and standards as required for the accounting major economic events that occur frequently and which are reviewed during the companies accounting year.
The subject of Financial Accounting II helps to provide students with a detailed knowledge of the various assets and liabilities of the companies, also analyzing individual economic facts. Therefore, it will provide students with a broad knowledge of accounting standards developed by the General Accounting Plan.
Therefore, we do not intend to cover all possibilities of the General Accounting Plan, but to bring introducestudents with depth and rigor the Spanish accounting context.
Course content (verified by ANECA in official undergraduate and Master’s degrees)
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 2014-15
To Know and apply the assets’ accounting standards that make up the economic structure of the company (General Accounting Plan (PGC) and PGC SMEs) accounting standards.
To Know and apply the accounting rules relating to the registration of tax benefits.
To Know and understand the effect on the accounts of the company arising from the differing valuations of company assets
Specific objectives provided by the faculty
- Overall objective is that the student knows the problems of the operations usually performed by companies, with the aim of preparing the financial statements of companies that demonstrate their financial and property status, and their results.
- Ability to use fluently the Accountant General Plan in order to solve cases
- Ability to analyze and apply the techniques and accounting standards referred to Spanish companies (General Accounting Plan and SMEs) to practice and case resolution
- To understand the information provided by financial accounting and learn to interpret it.
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