Universitat Internacional de Catalunya

Accounting 3

Accounting 3
Second 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

Ms. ISAC VEGA, Joan - jisac@uic.es

to be advised


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.

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.

The full programme is viewable at the following website:


Pre-course requirements

Basic understanding of financial statements.

Basic ratio analysis of financial statements.


  • To review and evaluate further the key financial statements.
  • To understand basic forecasting and the time value of money.
  • To be able to evaluate financial statements and make comparisons to other companies.
  • To understand the investment criteria for businesses investing in projects.
  • To understand risk management.
  • To understand the quantitative issues in evaluating financial statements.
  • Control and management of working capital.


  • 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

Full understanding and interpretation of financial statements


Chapter 1 The Corporate Tax.

      1.1 Introduction and Accounting records.
      1.2 Negative Tax Base.
      1.3 Temporary and permanent differences.
Tema 2 Statement of Changes in Equity.

      2.1 Introduction. Spanish General Accounting Plan groups 8 and 9.
      2.2 Standards on Issue.
      2.3 Interpretation.
Tema 3 Cash Flow Statement.

      3.1 Introduction.
      3.2 Standards on issue.
      3.3 Interpretation.

Teaching and learning activities


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

Bibliography and resources

Introduction to Financial Accounting. Charles T. Horngren, Gary L. Sundem. Prentice Hall, Fourth Edition, Englewood Cliffs, New Jersey, 1990.

Financial Accounting. Belverd E. Needles Jr., Marian Powers. Houghton Mifflin Custom Publishing, Sixth Edition.

Accounting Principles. Lanny M. Solomon, Richard J. Vargo, Larry M. Walther. West Publishing Company. Third Edition. Saint Paul, New York, Los Angeles, San Francisco, 1990.