Advanced Financial Accounting
Cod: 61008
Department: DCSG
Scientific area: Management
Total working hours: 156
Total contact time: 15

The main objective of this course is to provide students with a broad knowledge of some issues under the new system of Accounting Standards (SNC), which inevitably will have implications in the context of financial reporting that companies are obliged to in Portugal, and also a perspective of useful information for management and other users of accounting and financial reporting.
The subjects and concepts developed set are part of the new accounting standards in Portugal (SNC) and derive directly from the International Accounting Standards and International Financial Reporting Standards of the IASB (IAS / IFRS).

Financial Statements
Portuguese Accounting Standards
Accounting Harmonization

    Understand the need and the process of accounting harmonization;
    To know the structure and content of SNC and its NCRF addressed within this Course;
    Be able to interpret financial statements expressed in SNC;
    Articulate theoretical knowledge contained in several NCRF, accounting entries associated with, and forms of presentation in financial statements

1. Accounting Standards
2. Accounting Policies, Changes in Accounting Estimates and Errors
3. Assets Held for Sale and Discontinued Operations
4. Investment Properties
5. Leases
6. Construction Contracts
7. Environmental Matters
8. Subsequent Events
9. Income Taxes

Mandatory Bibliography

RODRIGUES, João, SNC - Sistema de Normalização Contabilística – Explicado (8ª Edition), Porto Editora (2021)

NCRF’s  (available in Moodle)

Alternative Bibliography:

LOURENÇO, Isabel; LOPES, Ana; Morais, Ana, Fundamentos de Contabilidade Financeira, Edições Sílabo (2020)


Continuous assessment is privileged: 2 or 3 digital written documents (e-folios) during the semester (40%) and a presence-based final exam (p-folio) in the end of the semester (60%). In due time, students can alternatively choose to perform one final presence-based exam (100%).

Recommended Prerequisites: Financial Accounting (61007) Management Accounting (61005).