Academic Year of Degree:
2025/26
20587 - FINANCIAL ACCOUNTING I
This is a non-sworn machine translation intended to provide students with general information about the course. As the translation from Spanish to English has not been post-edited, it may be inaccurate and potentially contain errors. We do not accept any liability for errors of this kind.
The course guides for the subjects taught in English have been translated by their teaching teams
Teaching Plan Information
Code - Course title:
20587 - FINANCIAL ACCOUNTING I
Degree:
799 - Microtítulo en Organización Básica de la Empresa
839 - Graduado/a en Administración y Dirección de Empresas (2025)
859 - Graduado/a en Derecho y en Administración y Dirección de Empresas (2024)
Faculty:
103 - Facultad de Ciencias Económicas y Empresariales
Academic year:
2025/26
1.1. Content area
Business
1.2. Course nature
839 - Basic Training
859 - Basic Training
799 - Optional
1.3. Course level
839 - Grado (EQF/MECU 6)
859 - Grado (EQF/MECU 6)
799 - Estudios Propios (EQF/MECU 6)
1.4. Year of study
799 - Microtítulo en Organización Básica de la Empresa: 1
859 - Graduado/a en Derecho y en Administración y Dirección de Empresas (2024): 2
839 - Graduado/a en Administración y Dirección de Empresas (2025): 1
1.5. Semester
Second semester
1.6. ECTS Credit allotment
6.0
1.7. Language of instruction
Spanish
1.9. Recommendations
To take this course, it is essential to have basic accounting knowledge. Therefore, we highly recommend that the student has already completed the first year course Introductory Accounting.
1.10. Minimum attendance requirement
Attending classes is recommended to follow the development of the course content.
1.11. Subject coordinator
Ana Gisbert Clemente
1.12. Competences and learning outcomes
1.12.1. Competences / Results of the training and learning outcomes
This subject contributes to the acquisition of the results of the training and learning process of the subject "Business" (Basic Training Module), which are the following:
- CON01 - To know and relate the basic concepts on the functioning and structure of companies and markets, as well as the social and legal reality in which they operate
- HAB01 - Critically and systematically seeking out and use relevant information and data
- RC01 - To evaluate and interpret information related to the economic reality and the business activity
1.12.2. Learning outcomes
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1.12.3. Course objectives
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1.13. Course contents
Overview:
Unit 1: Conceptual Framework: Elements, registration, and valuation criteria.
Unit 2: Basic concepts of Equity (Capital, reserves, and net income).
Unit 3: Non-current assets I: Property, plant, and equipment, non-current assets held for sale, and real estate investments.
Unit 4: Non-current assets II: Intangible assets.
Unit 5: Inventories.
Unit 6: Financial assets: Receivables (customers) and financial investments.
Unit 7: Financial liabilities (Suppliers and creditors, loans, and short-term provisions).
Detailed Content:
Unit 1: Conceptual Framework: Elements, registration, and valuation criteria – Objectives of the conceptual framework and contents: structure, concept of true and fair view, information requirements, accounting principles, elements of financial statements, and recognition and measurement criteria.
Unit 2: Basic concepts of Equity (Capital, reserves, and results) – Identification of the different components of equity, with special emphasis on share capital, annual results, and reserves.
Unit 3: Non-current assets I: Property, plant, and equipment, non-current assets held for sale, and real estate investments – Registration and valuation standards applicable to tangible assets, definition, characteristics, and types of property, plant, and equipment. Initial and subsequent valuation (depreciation, impairment, and disposal through derecognition or sale). This topic will also analyze the recognition and valuation criteria for non-current assets held for sale and real estate investments.
Unit 4: Non-current assets II: Intangible assets – Registration and valuation standards applicable to intangible assets, definition, characteristics, and types of intangible elements. Initial and subsequent valuation (amortization, impairment, and disposal through derecognition or sale). Special attention will be given to specific elements such as goodwill and R&D expenses.
Unit 5: Inventories – Registration and valuation standards applicable to inventories. Definition, characteristics, and types, initial valuation, and valuation allocation methods (FIFO, weighted average cost). Subsequent valuation (impairment/reversal and derecognition).
Unit 6: Financial assets: Receivables (customers) and financial investments – Registration and valuation standards applicable to financial assets. Concept and categories of financial assets. Definition and valuation of trade receivables, discounting of promissory notes or factoring transactions, deposits, and initial valuation of financial asset portfolios other than trade receivables.
Unit 7: Financial liabilities (Suppliers and creditors, loans, and short-term provisions) – Registration and valuation standards applicable to financial liabilities. Concept and categories of financial liabilities. Trade payables and factoring operations, short-term provisions, and an introduction to financing operations.
1.14. Course bibliography
PGC 2021: Real Decreto 1/2021. Disponible en la página web del Instituto de Contabilidad y Auditoría de Cuentas (ICAC), www.icac.meh.es
[Cerve] Cervera Oliver y otros: (2022): Contabilidad Financiera, 5ª edición, Ediciones CEF (Centro de Estudios Financieros), Madrid.
[Wan] Wanden-Berghe Lozano, J.L. y otros (2018), Introducción a la Contabilidad, 3ª edición, ed. Pirámide, Madrid.
Besteiro Varela, M.A. y Mazarracín Borreguero, M.R. (2016): Contabilidad financiera superior I. 2ª edición, Pirámide, Madrid.
Besteiro Varela, M.A. y Mazarracín Borreguero, M.R. (2016): Contabilidad financiera superior II. 2ª edición, Pirámide, Madrid.
2. Teaching-and-learning methodologies and student workload
2.1. Contact hours
Since this course has 6 ECTS, students’ total number of working hours is 150, which are distributed as follows:
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#hours
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Contact hours (minimum 33%)
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60h (40%)
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Independent study time
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90h (60%)
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2.2. List of training activities
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Activities
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Hours
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1. Attendance at theory and practical classes
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50
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2. Follow-up tutorials
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2
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3. Seminars and other activities
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3
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4. Student autonomous work
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50
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5. Preparation of assessment tests
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40
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6. Carrying out evaluation activities
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5
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3. Evaluation procedures and weight of components in the final grade
3.1. Regular assessment
The course assessment will consist of the following elements: Final exam organized by the Department (70%), Continuous assessment (30%).
The continuous assessment may include:
- Individual midterm tests.
- Group projects.
- Individual assignments.
Students enrolling for the second time must pass both the continuous assessment and the final exam again, following the same criteria as first-time students.
3.1.1. List of evaluation activities
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Evaluatory activity
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%
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Final exam that will assess the theoretical and practical knowledge acquired throughout the course, as well as the ability to analyze and synthesize
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70%
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Attendance and/or active participation of the student in the different activities and/or tutorials scheduled to monitor the subject.
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5%
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Problem solving and case studies
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--
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Individual and/or teamwork
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--
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Oral presentation, as well as debate and discussion.
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--
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Controls carried out throughout the course
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25%
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3.2. Resit
Students who, having been graded as "failed" or "not assessed" in the regular exam session, take the exam in the extraordinary session will have their final grade determined by the higher of the following two options:
- The weighted average of continuous assessment (30%) and the extraordinary session exam (70%). In this case, the continuous assessment grade obtained during the course is retained.
- The extraordinary session exam grade (100%).
3.2.1. List of evaluation activities
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4. Proposed workplan
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Semana/Week
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Contenido/Contents
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1
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Tema 1/Unit 1
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2
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Tema 1/ Unit 1
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3
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Tema 2/ Unit 2
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|
4
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Tema 2/ Unit 2
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|
5
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Tema 2/ Unit 2
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6
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Tema 2/ Unit 2
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78
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Tema 3/ Unit 3
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|
8
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Tema 3/ Unit 3
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9
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Tema 3/ Unit 3
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10
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Tema 3/ Unit 3
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11
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Tema 4/ Unit 4
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|
12
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Tema 4/ Unit 4
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13
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Tema 4/ Unit 4
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|
14
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Repaso del contenido /Review of contents
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15
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Repaso del contenido /Review of contents
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