To allow the student to develop elementary accounting competencies (knowledge, skills and attitudes). Classes will be held mostly in Portuguese unless there is at least one foreign student enrolled and attending who is still struggling with Portuguese listening comprehension.
The course focuses initially on how to record economic events in the accounting records (i.e., bookkeeping and accrual accounting) and how to prepare and interpret the primary financial statements that summarize a firm's economic transactions (i.e., the balance sheet, the income statement, and the statement of cash flows).
1. Overview of Financial Statements Balance Sheet Concepts 2. Balance Sheet Concepts Accounting Process 3. Income Statement Concepts 4. The Accounting Cycle 5. Statement of Cash Flows 6. Timing of Revenue Recognition 7. Measurement of Sales and Accounts Receivables 8. Inventories – Cost Methods 9. Long-Lived Assets 10. Liabilities
Latest editions of the following textbooks: Financial accounting for dummies. Maire Loughran. Financial Accounting: an introduction to concepts, methods, and uses. Roman L. Weil, Katherine Schipper, and Jennifer Francis. Other textbooks may be used for instructions.
