Introduction to Accounting
Faculdade de Economia
Área de Ensino
To introduce students to accounting techniques and provide them with an understanding of financial reporting by companies. Focus on the abilities required to prepare primary financial statements and understand the accounting cycle.
Objectives and types of accounting information, primary financial statements: balance sheet, income statement and cash flow statements, basics of the accounting technique: the accounting cycle, double entry book-keeping, and its conventions, conceptual framework: objectives and characteristics of financial reporting, and generally accepted accounting principles, introductory issues on the recognition and measurement of assets, liabilities, and income and an overview of accounting regulations and international financial reporting.