Universitat Internacional de Catalunya
Management Accounting
Other languages of instruction: Catalan, English
Teaching staff
Advance appointment through email bme187582@uic.es
Introduction
In today’s highly competitive economic climate, executives are required to apply intensive financial analysis as they evaluate business performance, weighing up potential acquisitions and global competition. This course focuses on understanding financial statements and using them to evaluate performance.
Due to the complexity of corporate management, managers are obliged to make increasingly risky decisions. Consequently, they must have access to reliable and precise information about the company’s economic activity by setting up an accounting system that addresses these needs.
Financial statements must be understood and evaluated, as they represent the results of management decisions. It is therefore essential that all those involved in the decision-making process have at least a basic understanding of them.
Managers must also understand the issues of working capital and liquidity. Efficiency and effective planning can release funds to expand and develop businesses. All too often, funds are tied up in inventories or accounts receivable producing little or no returns.
Pre-course requirements
- Basic understanding of accounting methodology
- Basic understanding of accounting regulations
- Basic understanding of financial statements: balance sheet and income statement
Objectives
-
To be familiar with Spanish General Accounting Plan groups 8 and 9.
- To be able to elaborate mandatory financial statements according to Spanish General Accounting Plan: balance sheet, income statement, statement of changes in equity, statement of cash flows.
- To be able to interpret the statement of changes in equity.
- To be able to interpret the statement of cash flows.
Competences/Learning outcomes of the degree programme
- 01 - To be familiar with, understand and apply the methods, techniques and instruments specific to accounting.
- 02 - To be familiar with and know how to interpret and apply current accounting standards.
- 03 - To select and adequately apply applicable accounting alternatives.
- 31 - To develop the ability to identify and interpret numerical data.
- 32 - To acquire problem solving skills based on quantitative and qualitative information.
- 50 - To acquire the ability to relate concepts, analyse and synthesise.
- 51 - To develop decision making skills.
- 52 - To develop interpersonal skills and the ability to work as part of a team.
- 53 - To acquire the skills necessary to learn autonomously.
- 54 - To be able to express one’s ideas and formulate arguments in a logical and coherent way, both verbally and in writing.
Learning outcomes of the subject
Students should be able to:
- Apply concepts related to accounting.
- Utilize computer tools related to activities within the field.
- Carry out tasks independently and manage time effectively.
- Perform specific work on accounting aspects and present it in a clear and understandable manner.
Syllabus
Chapter 1 The Corporate Income Tax.
1.1 Introduction and Accounting records.
1.2 Temporary and permanent differences.
1.3 Negative Tax Base.
Chapter 2 Statement of Changes in Equity.
2.1 Introduction. Spanish General Accounting Plan groups 8 and 9.
2.2 Standards for the elaboration.
2.3 Interpretation.
Chapter 3 Cash Flow Statement.
3.1 Introduction.
3.2 Standards for the elaboration.
3.3 Interpretation.
Teaching and learning activities
In person
The curriculum will comprise theoretical sessions during which the essential concepts required for attaining the course objectives will be expounded. These theoretical sessions will be augmented by practical sessions that will constitute the predominant portion of classroom engagement. The preparatory effort exerted by students is of paramount significance to facilitate their meaningful participation in class discussions, which are intended to predominantly foster discourse concerning the interpretation of the achieved outcomes.
| TRAINING ACTIVITY | COMPETENCES |
| Case analysis Lecture Classroom practicum (solving problems/videos/text commentary/sheets) Individual study Project presentations and debates Solving problems in the classroom | 01 02 19 |
Evaluation systems and criteria
In person
- Final Exam: 70%. Minimum of 5 out of 10 to pass the subject. It is required to pass this exam to get the average with the rest of activites.
- Continuous evaluation: 30%. Homework and short tests with no previous announcement.
- Final Grade: The final mark will be weighted according to the attendance, with an allowance of one missed session. Inadequate behaviour in class will penalize this final grade.
Bibliography and resources
- Royal Decree 1514 / 2007 Of 16 November, which approves the General Accounting Plan.