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General information |
Course unit name: International Financial Accounting
Course unit code: 364572
Academic year: 2025-2026
Coordinator: Jordi Morros Ribera
Department: Department of Business
Credits: 6
Single program: S
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
15 |
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- Problem-solving class |
Face-to-face and online |
45 |
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Supervised project |
40 |
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Independent learning |
50 |
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Recommendations |
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Students should have completed the subject Introduction to Financial Accounting taught in the second semester of the first year. It is also advisable to have taken and passed the following subjects:
Requisites 364548 - Company Law (Recommended) |
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Competences / Learning outcomes to be gained during study |
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CB2 - Capacity to apply knowledge and understanding in a manner that indicates a professional approach to the work or vocation, and have competences typically demonstrated through devising and sustaining arguments and solving problems within the field of study. |
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CG8 - Capacity to communicate in English and/or other foreign languages orally and in writing, comprehension skills, and mastery of specialized language. |
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CE7 - Capacity to draw up, interpret and apply accounting and financial information in a business context. |
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CE6 - Ability to appraise processes and decision-making in the development of international operations. |
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CE1 - Capacity to analyse the international operations of business organizations and interpret their responses to economic, social, cultural and legislative factors in an international setting. |
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Learning objectives |
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Referring to abilities, skills — Understand the meaning, recording, measurement and processing of basic accounting transactions, applying standard principles and rules of measurement.
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Teaching blocks |
1. Introduction to basic concepts of financial accounting
* Introduction to financial accounting and IFRS
1.1. Review of “Introduction to financial accounting” and “Introduction to international financial reporting standards”
1.1.1. Users of IFRS 1.1.2. IFRS and global capital markets 1.1.3. Differences between IFRS and FASB 1.1.4. Key concepts used in IFRS 1.1.5. Looking to the future and convergence between IFRS and FASB
1.2. Reporting and analysing accounts receivable
1.2.1. Identifying different types of receivables 1.2.2. Explaining how accounts receivable are recognised in the accounts 1.2.3. Describing methods used to account for bad debts 1.2.4. Computing interest on notes receivable 1.2.5. Describing entries to record the disposition of notes receivable 1.2.6. Explaining statement presentation of receivables 1.2.7. Describing the principles of sound accounts receivable management 1.2.8. Identifying ratios to analyse a company’s receivables 1.2.9. Describing methods to accelerate the receipt of cash from receivables
1.3. Reporting and analysing long-lived assets
1.3.1. Describing how the cost principle applies to plant assets 1.3.2. Explaining the concept of depreciation 1.3.3. Computing periodic depreciation using the straight-line method and contrasting its expense pattern with that of other methods 1.3.4. Describing the procedure for revising periodic depreciation 1.3.5. Explaining how to account for the disposal of plant assets 1.3.6. Describing methods for evaluating the use of plant assets 1.3.7. Identifying basic issues related to reporting intangible assets 1.3.8. Indicating how long-lived assets are reported in financial statements
1.4. Reporting and analysing liabilities
1.4.1. Describing a current liability and identifying the major types of current liabilities 1.4.2. Describing accounting for notes payable 1.4.3. Explaining accounting for other current liabilities 1.4.4. Identifying types of bonds 1.4.5. Preparing entries for the issuance of bonds and interest expense 1.4.6. Describing entries when bonds are redeemed 1.4.7. Identifying requirements for financial statement presentation and analysis of liabilities
2. Equity, cash flow and financial analysis
* The second part of the subject including an introduction to financial analysis
2.1. Reporting and analysing stockholders’ equity
2.1.1. Identifying and discussing the major characteristics of a corporation 2.1.2. Recording the issuance of common stock 2.1.3. Explaining accounting for the purchase of treasury stock 2.1.4. Differentiating preferred stock from common stock 2.1.5. Preparing entries for cash dividends and understanding the effect of stock dividends and stock splits 2.1.6. Identifying the items that affect retained earnings 2.1.7. Preparing a comprehensive stockholders’ equity section 2.1.8. Evaluating a corporation’s dividend and earnings performance from a stockholder’s perspective
2.2. Statement of cash flows
2.2.1. Understanding the usefulness of the statement of cash flows 2.2.2. Distinguishing among operating, investing and financing activities 2.2.3. Explaining the impact of the product life cycle on a company’s cash flows 2.2.4. Preparing a statement of cash flows using the indirect method 2.2.5. Use of the statement of cash flows to evaluate a company
2.3. Financial analysis: the big picture
2.3.1. Understanding the concept of sustainable income 2.3.2. Indicating how irregular items are presented 2.3.3. Explaining the concept of comprehensive income 2.3.4. Describing and applying horizontal analysis 2.3.5. Describing and applying vertical analysis 2.3.6. Identifying and computing ratios used in the analysis of a company’s liquidity, solvency and profitability 2.3.7. Understanding the concept of quality of earnings
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Teaching methods and general organization |
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The theoretical and practical content of this subject is taught in face-to-face learning activities, mainly lectures. On-campus classes are used to present the topics outlined in the teaching blocks and to work through exercises and problem-solving activities.
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Official assessment of learning outcomes |
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Students are automatically entered for continuous assessment. During the academic year, students are entitled to withdraw from continuous assessment and may opt for single assessment up until the last day of class (no previous request being required).
Examination-based assessment The final examination for students who have requested single assessment contains a theoretical and a practical section.
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Reading and study resources |
Check availability in Cercabib
Book
HORNGREN, CT. [et al.] Introduction to financial accounting. 11th ed. Harlow: Pearson Education Limited, 2018
KIESO, Donald E. Intermediate accounting. 16ª ed.Hobonoken, New Jersey : Wiley, [2016]
KIMMEL, PD., WEYGANDT, JJ., KIESO, DE. Financial accounting : tools for business decision making. 10th ed. Hoboken, N.J. : Wiley, 2016
MONGER, RF. Financial accounting : a global approach. Chichester : Wiley, 2010
PORTER, GA., NORTON, CL. Financial accounting : the impact on decision makers. 9th ed. Stamford : Cengage Learning, 2015