Universitat Internacional de Catalunya

Accounting 1

Accounting 1
First semester
Main language of instruction: Catalan

Other languages of instruction: English, Spanish

If the student is enrolled for the English track then classes for that subject will be taught in the same language and also in Spanish.
If the student is enrolled for the English track then classes for that subject will be taught in the same language.

Teaching staff

Tutorials should be requested by email: nvillaescusa@uic.es


In the event that the health authorities announce a new period of confinement due to the evolution of the health crisis caused by COVID-19, the teaching staff will promptly communicate how this may effect the teaching methodologies and activities as well as the assessment.

The first part of the course is an introduction to accounting and basic results which will enable the student to understand accounting and to master the science of methodology and procedures. Despite the fact that  accounting rules could change over time and could be different in different countries , there are some rules and principles that remain unchanged. These will be the object of study in this course, which will lay the foundation for the understanding of the other disciplines of accounting that will be studied at a later date. After studying the fundamentals, methodology and accounting procedures the second part of the course consists of the study of current accounting laws, IFRS. 

Pre-course requirements

No previous knowledge of accounting is required.


  • To understand the fundamental principles of accounting and accounting methodology and to master the technical and financial tools. 
  • To assess basic economic transactions carried out an economic unit. 
  • Knowledge of accounting standards that refer to the accounting of the economic events of the company and their impact on the balance sheet and the income statement.
  • Thorough knowledge of the General Accounting Principles and valuation rules fron an International perspective.
  • Development of the accounting cycle. 
  • To process and interpret basic financial statements: balance sheet and income statement


  • 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.
  • 04 - To understand and know how to use financial terms within a business framework.
  • 05 - To understand the functions of corporate finance departments.
  • 06 - To know how to apply the main policies for capital structure and asset management.
  • 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.
  • 59 - To skilfully use software and ICTs.

Learning outcomes

  • The ability to apply concepts related to accounting.
  • The ability to use tools related to the activities of the area.
  • The ability to work independently and manage time.
  • The ability to perform work on specific aspects of accounting and present it in a clear and understandable way.
  • The ability to perform accounting and financial analysis from the available information and use it in making decisions.
  • To understand and be willing to respect the rules of the profession.


Item 1. Accounting and Information Systems 
The economic environment and the need for information. Accounting concept. Users of accounting information. Accounting information systems. Requirements of accounting information. Accounting Division.

Issue 2. The Balance Sheet: economic and financial structure of the company. Wealth or assets of the company: variations. Assets and liabilities. A balanced situation as a means of expressing a balanced patrimony.

Item 3. Methodology and instruments accounting representation. The accounting method: principle of duality. Measurement and accounting valuation. Instruments of representation: the account ledgers.

Item 4. Study of basic accounting major economic transactions: 
4.1-Fixed assets: acquisition, depreciation and drop in value. 
4.2-inventories, trade payables and receivables. 
4.3 Trade and non-trade receivables. Financial assets and liabilities. 

Item 5. Income statement. Structure of the income statement. Result type.

Item 6. The accounting cycle. Concept and phases of the accounting cycle. Opening. Development. Regularización.Determinación of profit. Closing accounts. Preparation of the financial statements.

Item 7. Legal accounting regulations. The international accounting regulation: IFRS and USGAAP. The legal regulation of accounting in Spain: The Spanish General Accounting Plan.

Item 8. Non Current Assets. Tangible and Intangible Assets, Finance and Operating Leases.

Item 9. Financial Instrument: Financial assets and financial liabilities. Valuation rules, registration and accounting treatment.

Item 10. Inventories. Valuation rules, registration and accounting treatment.

Item 11. Trade receivables and VAT. Trade bills recording: discount, doubtful trade bills, VAT liquidation. 

Item 12. Personnel expenses. Personnel expenses registration, liquidation of the obligations with the National Agencies, salary advances

Item 13. Provisions and contingencies. Valuation rules, registration and accounting treatment.

Teaching and learning activities

In blended

- The students will have the necessary material to follow the subject. The material will be uploaded to the moodle platform. 

- Master classes to introduce the content and objectives of each of the topics. All students, whether in the classroom or at home, will be able to follow them simultaneously. 

- Problem-based learning. Practical cases will be considered that students will have to work individually or in work groups. 

- Solving problems and cases by students in the classroom encouraging an active and participatory methodology. "Non-contact" students will be able to participate via a forum both to resolve doubts and to propose solutions. 

- Completion of online questionnaires for the consolidation of the contents of each topic. 

- Completion during the course of a group project that must be presented at the end of the teaching sessions.

Evaluation systems and criteria

In blended

The grade obtained in the subject will be calculated according to the following weights:
Midterm exam: 25%. Final exam: 40%. Hand in Exercises and class participation: 15% (non-recoverable). Final project 20% (non-recoverable). Important: It is mandatory to obtain an average equal to or higher than 5 in the exams in order to make the average with the rest of the elements of the evaluation. The presentation of the final project is compulsory to pass the subject.

Bibliography and resources

  • AMAT, Oriol et al. "NUEVO PGC Y PGC PYMES: UN ANÁLISIS PRÁCTICO Y A FONDO".Bresca Editorial, S.L, 2008.
  • MALLO, Carlos; PULIDO, Antonio. CONTABILIDAD FINANCIERA: Un enfoque actual. Ed.Paraninfo, 2008.
  • MONLLAU, Teresa “Manual pràctic de comptabilitat financera. Aspectes teòrics i pràctics del PGC 2007”. Col·lecció manuals ACCID, Barcelona, 2011.
  • MUÑOZ MERCHANTE, Ángel. " FUNDAMENTOS DE CONTABILIDAD". Editorial universitaria Ramón Areces, 2008.
  • MUÑOZ MERCHANTE, Ángel. " PRÁCTICAS DE CONTABILIDAD". Editorial universitaria Ramón Areces, 2008.
  • Nuevo Plan General Contable: 205 supuestos prácticos. Ediciones Francis Lefebre, S.A, 2007.
  • Real Decret 1514/2007, de 16 de novembre, per el qual s'aproba el Pla General de Comptabilitat.
  • Soldevila, P., Oliveras, E., i Begur, Ll. “Contabilidad General con el nuevo PGC. ACCID-Profit. Barcelona, 2009.