Chapter 1. Conceptual Framework. Recognizing criteria and valuation methods
1. The Accounting Principles
2. Conceptual Framework
· Objectives of financial information
· Characteristics of financial information
· Components of Financial Statements
· Definition, recognition and valuation
3. Spanish Accounting Regulation
Chapter 2. Inventory and Revenues Recognition
1.Definition of inventory
2.Inventory initial and subsequent measurement. Periodic system
3.Inventory initial and subsequent valuation
4.Definition and valuation of revenues
5.Criteria to recognise Revenues
-General rules
-Particular rules
6.Sales returns and guaranties
7.VAT recording
Chapter 3. Receivables
1.Financial instruments
-Financial assets (introduction)
2.Trade receivables: Credit sales
3.Long ¿term receivables
4.Receivable valuation
-Initial valuation
-Final valuation
5.Receivable foreign currency
6.Transfer of receivables
Chapter 4. Fixed assets
1.The concept of fixed asset
2.Accounting for fixed assets:
-Initial recognition
-Changes in value of the asset during working life
-Depreciation
-Impairments
-Maintenance and improvements
-Government grants
-Fixed asset retirements
3.Exchanging plant assets
4.Investment properties
5.Assets hold for selling
Chapter 5. Intangibles.
1.Definition of intangible assets
2.Types of intangible assets
3.Criteria to recognise intangible assets in the Balance Sheet
-Research and Development
-Goodwill
Chapter 6. Shareholders equity
1.Definition of Shareholders¿ equity
2.Capital
¿Issuance of shares
-The write-down of capital
-Repurchase of own shares. Treasury shares
3.Distribution of profits
4.Dividends