Cod: 61007
Department: DCSG
Scientific area: Management
Total working hours: 156
Total contact time: 15

The purpose of this course is to make known the fundamentals and basic concepts of financial accounting, in order to apply the accounting methods and techniques necessary for the preparation and disclosure of information on the financial position and performance of an entity.
It is also part of the objectives of this course to interpret and recognize in accounting a significant number of facts / transactions of increasing complexity necessary for the preparation, disclosure and analysis of financial information relating to the financial position and performance of an entity.
The course will cover in detail the Portuguese Accounting Standardization System  (SNC)

Accouting entry

 Understand the object, nature and importance of accounting;
 Understand basic accounting concepts and fundamentals;
 Integration of account class elements of financial position and business performance;
 Understand the complete cycles of accounting information related to the contents within the curricular unit;
 Understand as links between accounting and taxation;
 Understand the importance of financial reporting for decision making.

Theme 1- Fundamentals of financial accounting:
 Characterization of business life;
 Background and Evolution of Accounting.
 Accounting Scope and Object;
 Accounting Purposes and Divisions;
 Fundamental Concepts:
 Qualitative characteristics of financial information;
 Inventory and Fundamental Accounting Equation;
 Accounting Classification: Accounts and Account Classes;
 The Accounting Process: Documents, Operations Support;
 Accounting Record: The Double Entry

Theme 2 - Purchase and sale operations and other current operations:

 Purchase and Sale Operations (operational activity -Inventories) - NCRF 18;
 Reading and Interpretation of the Financial Statements: Balance Sheet and Income Statement;
 Equity;
 Provisions, Contingent Liabilities and Contingent Assets (NCRF 21);
 Impairment losses on debts (NCRF 27) receivable and on inventories (NCRF 18);
 Accruals and Deferrals (EC);
 State and other public entities;
 Personnel expenses (NCRF 28);
 Tangible fixed assets (NCRF 7):
- Recognition and initial measurement;
- Depreciations, Revaluations and Impairment Losses;
 Intangible assets (NCRF 6);
 Financing operations:
- Expenses with financing operations (NCRF 10);
- Bond loans;
- Accessory installments – Supplies and Supplementary Installments;
- Applications in financial assets.

Theme 3 - End of Period Operations:
 Accounts regularization and balance sheet rectification;
 Results calculation releases and tax estimate;
 Final balance sheet;
 Income Statement;
 Balance sheet;
 Statement of cash flows;
 Closing and reopening accounts;
 Application of results.

• Rodrigues, João, Sistema de Normalização Contabilística Explicado, Porto, 2019, Porto Editora
• Silva, Eusébio Pires e outros, SNC contabilidade financeira - casos práticos - tomo I, Lisboa, Rei dos Livros ISBN 9789898305152 (NOTA: pode ser adquirido diretamente ao editor através de
• Judith Orloff e Darrell Mullis, O Jogo da Contabilidade - Iniciação à Contabilidade, Centro Atlântico ISBN: 978-989-615-084-6 , 2009 
• Support texts available on the MOODLE platform
• Legal and regulatory framework of the SNC (available at;
• Borges, António e outros, Elementos de Contabilidade Geral, Lisboa, Áreas Editora. 
• Costa, Carlos Batista e ALVES, Gabriel Correia, Contabilidade Financeira, Rei dos Livros, Lisboa
* Of the manuals mentioned above, consider the latest edition



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%).

Boas competências informáticas na ótica do utilizador; Processador de texto; Internet.