PD:Normes de Comptabilitat i Auditoria

Teaching plan for the course unit

Català

Castellano

English

General information

Course unit name: Rules of Accountancy and Audit

Course unit code: 363720

Academic year: 2025-2026

Coordinator: Juan Luis Dominguez Perez

Department: Department of Business

Credits: 6

Single program: S

Prior considerations

www.cnmv.es: CNMV, National Securities Market Commission

www.icac.meh.es: ICAC, Accounting and Auditing Institute

www.ifrs.org: IASB, International Accounting Standards Board

www.fasb.org: FASB, Financial Accounting Standards Board

Estimated learning time

Total number of hours 150

Face-to-face and/or online activities

	- Lecture with practical component	Face-to-face and online		45
	- Problem-solving class	Face-to-face and online		15

Supervised project

Independent learning

Recommendations

Students are strongly recommended to attend class, consult the practical cases in the manuals and also analyse the annual accounts of national and international listed companies that contain the operations studied.

Competences / Learning outcomes to be gained during study

-	To be able to use ICT in professional practice.

-	To draw up, analyse and use internal and external accounting and financial information to control management and decision-making processes.
-	To be able to make financial and business decisions, taking into account the current economic situation.

Learning objectives

Referring to knowledge

In this subject students are introduced to another set of regulations applied to large listed corporate groups and also used by large foreign multinationals.

In this advanced accounting course, students study international and national accounting regulations that regulate business operations of a certain complexity, situations that require prior financial and business knowledge acquired in previous courses, such as operations with financial instruments, fixed assets, leases, real estate investments, tax expenses, asset impairment, biological assets, share-based payments, earnings per share, etc.

Particular emphasis is placed on the IFRS international accounting standards compared with the national general accounting plan (PGC).

Likewise, students are introduced to the basic regulations governing the activity of the audit of accounts, the law and the regulations governing that profession. Thus, the primary objectives are:

Know how to analyse IFRS/IAS, today of mandatory application in European companies and in a growing number of countries.
Further understanding of financial information prepared by large multinational companies.
Be able to interpret the annual accounts of international companies.
Acquire the theoretical knowledge and analytical ability to understand, analyse and diagnose the financial, economic and equity performances of international companies.

Teaching blocks

Internationally required financial accounting information

International accounting regulations and comparison with the PGC

1. Harmonization of international accounting
1.1. European Union strategy
1.2. The IASB
1.3. Description of international financial reporting standards

2. IAS 1 and 7; financial statements in the IFRS
2.1. The balance sheet
2.2. Statement of profit and loss
2.3. The cash flow statement
2.4. Statement of changes in equity

3. IAS 16 and 38; property, plant and equipment and intangible assets
3.1. Recognition and initial measurement
3.2. Accounting specifics: capitalization of interest, impairment provisions, swaps, subsidies, manufacturing costs, etc.
3.3. Assessment methods: cost and revaluation
3.4. Explanations

4. IAS 40; investment property
4.1. Property classification
4.2. Recognition and initial measurement
4.3. Assessment methods
4.4. Explanations

5. IFRS 16; leases
5.1. Operating and financial leases
5.2. Lessor and lessee accounting
5.3. Annex operations to leases
5.4. Explanations

International accounting standards and comparison with the PGC (II)

6. IFRS 5; non-current assets held for sale
6.1. Concept
6.2. Accounting and disclosures
6.3. Explanations

7. IAS 2 and 4; inventories and biological assets
7.1. Concepts and initial measurement
7.2. Costs
7.3. Explanations

8. IAS 36; impairment of assets
8.1. Identification of impairment
8.2. Measurement of recoverable amount
8.3. Recognition and accounting record
8.4. Reversal of an impairment loss
8.5. Explanations

9. IFRS 9; financial instruments
9.1. Concept: assets, liabilities and equity instruments
9.2. Financial assets: categories, measurement, impairment, derocognition
9.3. Financial liabilities: categories, measurement, cancellation
9.4. Equity instruments: typology, valuation
9.5. Most common operations with equity instruments in the sociedad anónima and sociedad limitada: shares, equity holdings, changes in equity, portfolio, distribution of results
9.6. Study of state loans
9.7. Complex financial instruments: hybrids, compounds, derivatives, hedges, etc.

10. IAS 37; provisions, contingent liabilities and contingent assets
10.1. Recognition and measurement
10.2. Some special provisions
10.3. Contingent assets and liabilities
10.4. Explanations

International accounting standards and comparison with the PGC (III)

11. IFRS 15 and IAS 20; revenue and grants
11.1. Recognition of revenue
11.2. Accounting for government grants and disclosure of government assistance
11.3. Explanations

12. IAS 12; income taxes
12.1. Deferred taxes and current taxes
12.2. Recognition and measurement
12.3. Explanations

13. IFRS 3; business combinations
13.1. Concept: acquirer and acquiree, acquisition date, business combination cost, etc.
13.2. Acquisition method: goodwill
13.3. One-off transactions: combinations achieved in stages, separate transactions, provisional accounting, subsequent adjustments, etc.
13.4. Mergers, spin-offs and non-monetary contributions between group companies in Spain
13.5. Explanations

14. Other rules of interest
14.1. Changes in criteria, errors and estimates
14.2. Subsequent events
14.3. Transactions with related third parties
14.4. Segmentation and foreign currency trading
14.5. Earnings per share

Audit standards

15. Account Audit Regulations
15.1. Definition of account auditing
15.2. Access to audit activity
15.3. Requirements of independence, objectivity, duty of confidentiality and custody, causes of incompatibility, responsibilities and trust
15.4. Monitoring audit activity: technical quality controls
15.5. Violations and penalties

Teaching methods and general organization

Most weeks, three class hours are devoted to lectures with a practical component and one class hour is devoted to activities carried out with the group split in two subgroups.

Given the nature of the subject, the methodology consists of face-to-face lectures in which the accounting concepts and rules are presented, complemented with practical exercises and cases on real companies related to the topics explained during the course.

Active student participation is encouraged during lectures and practical sessions through debates, presentation of topics and the resolution of practical cases.

Official assessment of learning outcomes

Continuous assessment, whether carried out face-to-face or online, consists of an assignment on the annual accounts of one or more companies assigned by the lecturer and a mid-term exam (worth a combined 40% of the final grade) and a final examination (worth 60% of the final grade). The examinations assess both theory and practical contents and the mid-term exam is announced at least a week in advance.

Lecturers may also take into account the number and quality of the students’ interventions during the course.

They may also propose optional assignments on real cases to help students consolidate their knowledge of the subject. Students who wish to carry out an optional assignment must arrange a meeting with the lecturer to delimit the topic, the scope, the content of the assignment and the assessment criteria.

Students who do not sit the mid-term exam are entered for single assessment.

Examination-based assessment

Single assessment (100%) consists of a single examination similar to the mid-term exam for continuous assessment and one or several assignments on annual accounts of the companies assigned by the lecturer. This is the same criteria for repeat assessment.

Reading and study resources

Check availability in Cercabib

Book

VÁZQUEZ CARRILLO, Nitzia y DÍAZ MONDRAGÓN, Manuel. Normas internacionales de información financiera (NIIF-IFRS) : principios y ejercicios avanzados de contabilidad global. Barcelona: Editorial Profit, 2013

Catàleg UB

BESTEIRO VARELA, María Avelina. Contabilidad financiera superior: contabilidad de sociedades. Vol 1 i 2. Madrid: Pirámide, 2015

Catàleg UB

IFRS 2005: divergences France/IFRS, tous secteurs (y compris banques et assurances) : conversion aux IFRS, plan d’action, 1re application, panorama des évolutions des IFRS. Paris: Ed. Francis Lefebvre, 2003

Catàleg UB

Las Niif comentadas : guía práctica de KPMG para comprender las Normas Internacionales de Información Financiera. 2a. ed. Cizur Menor : Thomson Aranzadi, cop. 2007

Catàleg UB

LAÍNEZ GADEA, José Antonio. Manual de contabilidad internacional. Madrid: Ed. Pirámide, 2001

Catàleg UB

RODRÍGUEZ PÉREZ, Gonzalo. Contabilidad europea 2005 : análisis y aplicación de las NIIF. Madrid: McGraw-Hill/Interamericana de España, 2006

Catàleg UB

Web page

ICAC-Instituto de Contabilidad y Auditoría de Cuentas [en línia] Madrid [Consulta: 20 de juny de 2017. Disponible a: http://www.icac.meh.es/

IASB-International Accounting Standards Board. [en línia] London, EC4M 6XH United Kingdom [Consulta: 20 de juny de 2017]. Disponible a: http://www.ifrs.org

DELOITTE. Guía rápida de las NIIF 2016 [en línia]. [Consulta 20 juny 2017]. Disponible a: https://www2.deloitte.com/es/es/pages/audit/articles/NIIF.html

Electronic text

International financial reporting standards (IFRS) ... : including International Accounting Standards (IASs) and Interpretations [en línia]. London : International Accounting Standards Board, [2003]- [Consulta 20 de juny de 2017]. Disponible a: https://scholar.google.es/scholar?hl=es&as_sdt=0,5&as_vis=1&q=International+financial+reporting+standards+(IFRS)+...+% la versió en línia]

EY BUILDING A BETTER WORKING WORLD. Normas Internacionales de información financiera de EY. [en línia]. Londres, Regne Unit [Consulta 20 juny 2017]. Disponible a:http://www.ey.com/Publication/vwLUAssets/EY_Checklist_de_desgloses_IFRS/$FILE/EY-NIIF-Checkliks-de-desgloses-IFRS.pdf