This course, offered in the third year of the Degree in ICT Management Engineering, aims in its first part to delve into economic and accounting terminology and concepts, introducing students to the knowledge necessary to interpret economic events and represent a company's accounting process. It also develops the skills required to prepare basic financial statements and provides an initial understanding of current accounting regulations, the general accounting plan, and annual accounts. The second part of the course introduces students to the procedures used by companies to calculate the cost of their products and services, enabling them to make informed decisions. Cost accounting is of strategic importance in an increasingly competitive environment.
Titular Professors
Not required.
Knoweledge related
- Distinguish among the basic and introductory concepts related with accounting and its purposes.
- Comprise the meaning and the operation of accounting as a system of information for the mean of decisions of economic character.
- Understand which is the methodology utilized by the accounting at relation with the registry, the classification and treatment of the financial transactions realized by the economic operators to prepare the financial information of annual accounts or financial states, applying the valid legal rule, especially the general Plan of accounting.
- Register and value the most frequent economic transactions that are generated at the companies, at his functions of sales or of provision of services.
- Elaborate the content of the external information that has to present the companies at the end of an economic exercise by means of the balance sheet and the account of profit and losses (P&L).
- Acquire the kens and fundamental concepts of the cost calculus.
- Meet the models or the manners to elaborate and present the relative information at the costs and at the performances.
- Analyze the notable information for the decision making. Compound the thresholds of profitability. Determine the cost of opportunity.
Referring to skills and abilities
- Understand the suitably the information supplied by the annual accounts so that the users can take decisions and do foresights of economic and financial order.
- Delimit the accounting of true costs in the financial accounting.
- Distinguish with clarity the basic concepts of cost, expense, payment, systems of production and systems of information.
- Differentiate among information intended for the external accounting and information of costs intended for the control and at the decision making process.
- Acquire the critical capacity of global approaches for the implantation of cost models.
- Value and check with practical cases the utility of the models of costs.
Topic 1.- Introduction to accounting.
Topic 2.- Accounting of the company's activity.
Topic 3.- Concept and typology of the production and costs.
Topic 4.- The organizational structure and cost models.
Topic 5.- The internal structure and the cost models.
Topic 6.- Specific cases of the cost calculus.
Given the nature of the subject and the topics covered on the programme, the following methodologies are implemented to help the students gain knowledge and skills:
- MD0 Lectures
- MD1 Problems and exercises class
The course lasts one semester and consists of two distinct parts: the first part focuses on financial accounting, and the second part covers financial statement analysis and management accounting.
Attendance and participation in activities are essential for successfully completing the course and achieving a good grade; therefore, this is the most recommended approach to passing the course.
The final grade for the course is calculated using the following formula:
Final Grade = 50% Financial Accounting (FA) + 50% Financial Statement Analysis and Management Accounting (FAA).
A minimum grade of 4 points is required for either part to be included in the final grade calculation. A final grade of 5 points is required to pass the course.
The CF section will be assessed using the following formula:
CF Section = 90% x Check Point Exam or CF Final Exam or Extraordinary Exam + 10% x Exercise 1.
The AEFyCA section will be assessed using the following formula:
AEFyCA Section = 90% x AEFyCA Final Exam or Extraordinary Exam Grade + 10% x Exercise 2.
Practical exercises to be completed during continuous assessment:
| Exercise 1 | Exercise 2 | |
| Due date to the instructor | 29/10/24 (22:00) | 06/01/25 (22:00) |
The ‘Punto de control’ Exam will take place in January and will be used to calculate the CF grade and release students from the subject matter for the final exam, provided the above requirements are met.
The final exam will consist of two parts: Part 1, CF, for students who did not release the subject matter in the midterm exam, will be used to recalculate the formula for releasing the CF portion. Part 2, AEFyCA, is mandatory for ALL STUDENTS and will be used to calculate the formula for releasing the AEFyCA portion.
In addition to the final exam in the regular session, there will be the possibility of taking a final exam (extraordinary session in June) to allow students who did not pass the entire subject to retake it. The extraordinary session exam will be used to recalculate the formula for determining the passing grade. Students must take the extraordinary session exam only for the portion of the subject they have not previously released. Students who attend the resit exam, in either part, will only be able to obtain a maximum grade of 5 for the subject.
Students who do not achieve a minimum grade of 3 in the regular exam will not be allowed to take the resit exam and will have to repeat the subject.
GOXENS, Mª Angels; LOSILLA, M.F.; OSES, J.; RODRIGUEZ, F. Introducción a la Contabilidad Financiera. Madrid: Garceta, 2013
HORNGREN, Charles T [et al.] Introduction to financial accounting. 11h ed. Upper Saddle River (N.J.): Prentice Hall, 2014. (Versió en castellà Ed. 2000)
KIMMEL, Paul D., WEYGANDT, JJ., KIESO, DE. Financial accounting: tools for business decision making. 6th ed. Hoboken, N.J.: Willey, 2011
MONGER, Rod F. Financial accounting: a global approach. Chichester: Willey, 2010
MUÑOZ MERCHANTE, Angel. Introducción a la contabilidad. 2ª ed. Madrid: Ediciones Académicas, 2015
MUÑOZ MERCHANTE, Angel. Prácticas de introducción a la contabilidad. 2ª ed. Madrid: Ediciones Académicas, 2014
PORTER, GA., NORTON, CL. Financial accounting: the impact on decision makers. 9ª ed. Atamford: Cengage Learning, 2015
SUSAN F. HAKA, JAN R. WILLIAMS, MARK S. BETTNER, OSEPH V. CARCELLO. Financial & Managerial Accounting THE BASIS FOR BUSINESS DECISIONS 18ª ed, Mc Graw Hill 2018 (IMPORTANTE PARTE 2)
Not required.