TEACHING GUIDE

FINANCIAL ACCOUNTING I
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GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS

Q2803011B UNIVERSIDAD REY JUAN CARLOS

(INGLÉS)

ACADEMIC YEAR 2024-25

Date: 02-07-2024

Vicerrectorado de Calidad y Estrategia

 Q2803011B UNIVERSIDAD REY JUAN CARLOS
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Vicerrectorado de Calidad y Estrategia

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FINANCIAL ACCOUNTING I
 FINANCIAL ACCOUNTING I

I.-Subject Identification

Type OBLIGATORIA

Teaching period 2 course, 1Q semester

Nº of credits 6

Language in wich the subject is taught English

II.-Presentation

The general objective of this subject is to give theoretical and practical knowledge of accounting to the students. To achieve the
objective set for this subject first the basis of basic accounting will be taught, after that, more complex issues such as
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development and interpretation of the financial statements are analyzed. That allows students to be able to advance in this
discipline with a high degree of efficiency.
Therefore, the fundamental basis of this subject will allow the student to develop well in the subjects of subsequent semesters in
which more technically complex aspects are studied in depth: Financial Accounting II, Corporate Accounting, Balance Analysis,
and Analytical Accounting.
No need for any previous knowledge to take this course.
Q2803011B UNIVERSIDAD REY JUAN CARLOS

III.-Competences

Generic competences

CI01. Ability to analyse and synthesise: analysis, synthesis, evaluation and decision-making based on relevant information
records on the company's position and potential growth.
CI06. Ability to analyse, search for and interpret information from different sources: ability to identify sources of relevant
economic data, obtain and select information that non-professionals are not capable of recognising
CI07. Ability to solve problems

Specific competences

CE03. Skills, Knowledge, both basic and specialized on the understanding of the operation, management and control of the
different functional areas of the Accounting firm
CP02. Ability of application of the theoretical, methodological knowledge and of the technologies acquired in the process of
formation
CP11 . Ability to develop and interpret accounting information

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 FINANCIAL ACCOUNTING I

IV.-Contents

IV.A.-Syllabus

Origin of the accounting. Concept of

Topic 1. Concept of accounting accounting. Requirements and users of
the economic and financial information.

Accounting concept of equity.

Equity elements. Accounting equation
Topic 2. Theory of Equity
of double-entry accounting.
Classification of assets and liabilities.

The account as an instrument of

representation and measurement.
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Technicality of the accounts. Structure

of account. Classification of the
Topic 3. Theory of Accounts
accounts: Assets, Liabilities and Equity
Accounts. Revenue and Expenses
I. CONCEPTS AND METHODOLOGY
accounts. Account (129) Result of the
OF
period.
ACCOUNTING
Q2803011B UNIVERSIDAD REY JUAN CARLOS

Conceptual framework.
Inventory concept. Concept and
components of the balance sheet:
Analysis of economic or active capital.
Current or non-current assets. Capital
analysis: liabilities and equity: Passive.
Topic 4. Analysis of the equity of the Current or non-current liabilities. Net
company worth.
Other financial statements: Income
statement; Cash flow statement;
Statement of changes in Net Equity;
Notes.

The accounting cycle. Contents of the

accounting books. T accounts. Trial
balance. Inventory and accounts ledger
Topic 5. Accounting cycle per year. Elaboration of the
inventory and annual accounts book.
Elaboration of Financial statements.
II. STANDARDIZED ACCOUNTING

Concepts. Valuation rules.

Treasury. Term accounts. Others
Topic 6. Cash and cash equivalents
accounts. Presentation in the balance
sheet.

Initial Assessment. Subsequent

III. ANALYSIS OF THE valuation: The result for the year and
Topic 7. Inventory
ONGOING OPERATIONS the variation of stock. Impairment
losses.

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 FINANCIAL ACCOUNTING I

Initial Assessment. Subsequent

valuation: The result for the year and
Topic 7. Inventory
the variation of stock. Impairment
losses.

Classification of financial assets for

business operations. Credits and
III. ANALYSIS OF THE receivables. Assessment of the trade
Topic 8. Accounting treatment of the
ONGOING OPERATIONS receivables: Initial and subsequent
trade receivables
valuation (Part 1). Impairment of the
trade receivables. Accounting problems
of factoring.

VAT accounting. Accounting for VAT on

Topic 9. Value added taxes (VAT) purchases. Accounting for
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VAT on sales. Settlement of VAT.

IV.B.-Training activities

Type Title
Q2803011B UNIVERSIDAD REY JUAN CARLOS

Theoretical and practical classes Academic Tutorials

On-site test Preparation of the course contents

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 FINANCIAL ACCOUNTING I

V.-Student worload

Lecture classes 28

Pratical classes/resolution of exercises, case studies, etc. 28

Practical sessions in technological laboratories, hospitals, etc. 0

Tests 4

Academic tutorials 40

Related activities: conferences, seminars, etc. 8

Preparation of lecture classes 20

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Preparation of practices, exercises, cases studies work 20

Test preparation 32

Total student workload 180

VI.-Methodology and academic programme

Q2803011B UNIVERSIDAD REY JUAN CARLOS

Type Period Content

The basic practical content of the course

Work placements Week 1 to Week 15
will be developed in the classroom.

The theory and practical tests will be

Tests Week 20 to Week 25 held on the dates established by the
University,

Academic Tutorials Week 1 to Week 15 See the tutorial schedule.

The basic theoretical content of the

Master classes Week 1 to Week 15 course will be developed in the
classroom.

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 FINANCIAL ACCOUNTING I

VII.-Assessment methods

VII.A.-Assessment weighting

Continuous ordinary assessment:

The distribution and characteristics of the assessment tests are those described below. Only in exceptional case and for special
reasons may the teacher add changes to the Guide. These changes will require the prior consultation with the Subject Head and
the prior and explicit authorisation of the Degree Programme Coordinator, who will notify the Vice-Rector?s office in charge of
Academic Affairs of the modifications made. In any case, the changes proposed must take into account the stipulations of the
verified report. In order for these changes to take effect, they must be duly communicated at the start of the course to the
students using Aula Virtual.
The combination of activities that are not re-assessable cannot exceed 50% of the subject grade and, in general, cannot have a
minimum grade (except for the case of laboratory or clinical work placements, where duly justified), and tests which exceed 60%
of the subject weighting cannot be added.
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Extraordinary assessment: Students who do not manage to pass the ordinary assessment, or who did not attend, will be
subject to completion of an extraordinary assessment to verify their acquisition of the skills established in the guide, only for
activities that are re-assessable.

Description of the tests for assessment and their weights.

The subject will be assessed by means of the tests and weighting indicated below:
Q2803011B UNIVERSIDAD REY JUAN CARLOS

ORDINARY CALL EXAM

1. Case studies: This test/s (1-10) will be weighted 10% of the final mark. The test will consist of the resolution of practical cases
throughout the course. This test will not be reevaluated in the exam to be taken in the extraordinary exam if the subject is not
passed. Practical in-class activities aim to assess the student's progress on a regular basis. This assessment encourages active
participation and continuous learning, which cannot be effectively applied in an extraordinary call exam.
2. Test/s of theoretical/practical knowledge. This test will be weighted 30% of the final mark. The test will consist of theoretical-
practical questions on the knowledge acquired throughout the course. This test will be re-evaluated in the exam to be taken in
the extraordinary call. In order to release and save the mark of this part for the extraordinary exam, it is necessary to obtain a
minimum of 5 out of 10.
3. Practical test/s. This test will be weighted 60% of the final mark. The test will consist of practical cases on the knowledge
acquired throughout the course. This test will be re-evaluated in the exam to be taken in the extraordinary call. In order to
release and save the mark of this part for the extraordinary exam, it is necessary to obtain at least a 5 out of 10.
The final distribution and the details of the characteristics of the evaluation tests will be communicated by the professor in the
first weeks of the academic year.
In order to pass the subject in the ordinary call exam, it will be necessary to obtain a 5 as an average mark of the previous tests
according to their weighting, being necessary to obtain a 4 out of 10 in the re-evaluable tests so that they can be weighted with
the rest of the tests.
In the extraordinary call exam, the re-evaluable parts not passed in the ordinary exam session will be assessed, maintaining the
marks obtained in the other exams.
EXTRAORDINARY CALL EXAM
All the tests of the ordinary call that have not been released by the students will be re-evaluated in the extraordinary call on the
official dates set by the university.
ADVANCE CALL EXAM
For those students who apply for the early call exam, theory, and practical exams will be scheduled to be taken on the date set
by the University. 30% of the exams will be theory-based and the remaining 70% will be practical.

VII.B. Assessment of students with an academic exemption

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 FINANCIAL ACCOUNTING I

Student who wish to opt for this assessment will have to get an academic exemption for the subject, which they will have to
request from the Dean or Director of the Centre which teaches their course. An academic exemption may be granted where the
subjects own characteristics allow for it.

Subject with the possibility of an exemption: Yes

VII.C. Review of assessment tests

In accordance with the exam appeal regulations of the Universidad Rey Juan Carlos.

VII.D.-Students with a disability or special educational needs

Curricular adaptations for students with a disability or special educational needs will be determined by the Disabled Students
Support Department, in accordance with the regulations governing the Disabled Students Support service, approved by the
Universidad Rey Juan Carlos Council, in order to guarantee equal opportunities, inclusive treatment, universal accessibility and a
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greater guarantee of academic success.

For this purpose, this Department will have to issue a curricular adaptation report, therefore students with disabilities or special
educational needs must contact the Department to analyse the different alternatives together.

VII.E.-Academic behaviour, academic integrity and honesty

Q2803011B UNIVERSIDAD REY JUAN CARLOS

The Universidad Rey Juan Carlos is completely committed to the highest standards of academic integrity and honesty.
Therefore, studying at the URJC means you accept and agree to the academic integrity and honesty values described in the
University's Code of Ethics. In order to monitor this procedure, the University has Regulations on academic behaviour at the
Universidad Rey Juan Carlos and uses different tools (anti-plagiarism, supervision?) which provides a collective assurance that
these essential values are completely developed

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 FINANCIAL ACCOUNTING I

VII.-Bibliography

Referecence Generic

The basics of financial accounting II.Luis Gil Herrera. Anne Garvey; Emilio Navarro Heras; Edisofer. 2015.

Beyond figures : introduction to financial accounting : European financial accounting manual. María del Mar Camacho; Murat
Akpinar; María José Rivero-Menéndez; Elena Urquía-Grande; Anne Eskola. Piramide. 2012

Plan general contable de PYMES RD 1515/2007 de 16 de noviembre y adaptación al RD 1159/2010 y al RD 602/2016

The basics of financial accounting. Emilio Navarro Heras; Luis Gil Herrera. Edisofer. 2012.

Contabilidad financiera. Rivero Romero, José. Edisofer. 2015

Página Innovaconta http://www.fcjs.urjc.es/paginas/innovaconta/ Página ICAC: http://www.icac.meh.es/

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Reference literature

IX.-Lecturers/Teachers/Professors

Lecturer/teacher/professor´s name VERA GELASHVILI

Q2803011B UNIVERSIDAD REY JUAN CARLOS

E-mail address [email protected]

Department/field Economía de la Empresa

Category Profesor/a Contratado/a Doctor/a

Academic qualifications Doctor

Subject Coordinator Yes

Para consultar las tutorias póngase en contacto con el/la

Academic tutorial timetable
profesor/a a través de correo electrónico

Nº of Quinquenios 1

Nº of Sexenio 1

Nº period for technology transfer 0

Stretch Docentia 2

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