Competencies

It is evident that society, and specifically the business world, requires experts capable of responding effectively to the needs of business management and leadership; professionals who know how to face the challenges of today's world with negotiating skills; who work in teams, with leadership qualities; who have a global vision and solid knowledge that allows them to make economic and social decisions, supported by the use of complex measurements and communication technologies applied to a wide variety of phenomena. For this reason, since the 2010/2011 academic year, the defunct School of Business Sciences, now part of the Faculty of Economics, Business and Tourism, has offered the Bachelor's Degree in Accounting and Finance.

The demand for professionals specialized in Accounting and Finance is clear and growing. Future Accounting and Finance graduates will be professionals in the management, administration, consulting, and accounting and financial evaluation of companies, banks, and insurance companies, thanks to the training they have acquired in their specific areas, such as accounting, auditing, finance, taxation, and so on. Their training also encompasses other disciplines in the fields of economics, law, mathematics, statistics, and so on, as well as their sufficient knowledge of languages, primarily English.

The degree will train professionals with skills in the design of accounting systems and the generation of accounting and financial reports for companies; professionals capable of managing budget control, treasury management, cost management, and, in general, developing a career in the field of financial auditing. The degree also provides training for development in the world of financial markets, advising investors and companies that interact in them.

Furthermore, undergraduate studies in Accounting and Finance lead to the acquisition of multiple transversal cognitive, personal, and interpersonal skills. Among the former, we can highlight analytical and synthetic skills, critical reasoning, the ability to relate and contextualize knowledge, the ability to manage and process information based on data, theories, and evidence, organizational and planning skills, the ability to communicate and transmit complex information, and the ability to reflect on one's own accumulated knowledge. Among the remaining skills, we can highlight the capacity for independent learning, the development of creativity, teamwork skills, interpersonal skills, participative leadership, understanding and recognition of social and cultural diversity, social sensitivity, and ethical commitment.

Goals

The objective of this degree is to train professionals with sufficient technical knowledge to pursue careers in finance and accounting, both nationally and internationally.

Specifically, the specific objectives are for the Accounting and Finance graduate to acquire knowledge and skills in the following areas:

1. Sufficient level of technical knowledge for professional performance related to business economics, particularly in the financial and accounting areas.

2. Identify key factors of an economic problem in the following areas, among others: accounting and financial analysis, auditing, financial and accounting management and consulting, financial markets and instruments, insurance, and taxation.

3. Respect the moral and ethical principles and the legal and social responsibility arising from one's own actions and those of the entity one represents or on behalf of which one acts.

Generic skills

It refers to transversal skills, transferable to a multitude of functions and tasks.

The Accounting and Finance graduate from the ULL must be able to:

Instrumentals

1. Analyze and synthesize information

2. Communicate orally and in writing

3. Communicating in a foreign language

4. Have adequate computer knowledge related to the field of study

5. Manage information

6. Solve problems

7. Making decisions

Personal

8. Work as a team, both interdisciplinary and in an international context.

9. Recognize diversity and multiculturalism

10. Have critical reasoning

11. Make an ethical commitment

12. Identify the basic components and measure factors of inequality and social vulnerability, cultural differences and conflict processes

13. Respect fundamental rights, equality between men and women, as well as the principles of equal opportunities.

Systemic

14. Learn autonomously

15. Adapting to new situations

16. Be creative

17. Lead projects and/or work teams

18. Learn about other cultures and customs

19. Have initiative and entrepreneurial spirit

Specific skills

The following specific competencies are the competencies directly related to the Degree.

Subject	ECONOMY
Competencies	Understand the basic principles of economics (both at the microeconomic and macroeconomic levels) and their influence on the accounting and financial aspects of any business. To know the origin and historical-economic evolution of the main financial institutions and accounting thought and instruments

Subject	RIGHT
Competencies	Understand basic legal principles and link them to business accounting and financial management. Carry out the tax and commercial management of a company. Provide advice to companies on tax matters.

Subject	ACCOUNTING
Competencies	Understand accounting as the language of the company's economic reality. Prepare and interpret financial statements to assess the financial situation of companies so that appropriate corrective actions can be proposed and/or future opportunities can be enhanced. Provide accounting and tax advice to companies in any situation, particularly in the case of capital increases, stock issuances, and loans, as well as in special situations involving suspension of payments and bankruptcy. Issue the relevant technical reports required, especially in the case of the incorporation, transformation, merger, acquisition, dissolution, and liquidation of corporations or commercial companies, as well as to carry out the arbitration or accounting representation required by the negotiation. Prepare economic, financial, or accounting studies or documents related to the company that may have an impact on any central, local, or parastatal government agency and other territorial entities, as well as any jurisdictional body. Determine the accounting calculation of costs and carry out accounting management of inventories. Conduct business valuations and assist in the development and advice of economic and financial budgets. Anticipate and detect errors and deviations in accounting procedures and records Audit an organization and design consultation plans. Manage the accounting department of any organization.

Subject	FINANCE
Competencies	Understanding the financial system: understanding the institutions, products, and markets that comprise it, as well as the relationships between them and their economic environment. Establish selective investment criteria, with their respective models and application of techniques for their evaluation. Manage the financial resources of any company. Provide financial advice to companies Develop financial management and control techniques. Manage different financial risks Manage the financial area of any organization, public or private.

Subject	COMPANY
Competencies	Understand the basic characteristics of an organization, the flow of authority reflected in the organizational chart, and new organizational developments. Design and implement information systems appropriate to the company. Develop management skills and knowledge. Apply project management techniques

Subject	MARKETING
Competence	Know and understand the concepts related to the company's commercial area, as well as being able to make decisions in this regard from a marketing perspective.

Subject	QUANTITATIVE METHODS
Competence	Use appropriate mathematical and statistical tools to analyze the main variables of the economic and financial system

Subject	LANGUAGES
Competence	Communicate in English in a wide range of professional situations using strategies and activities for expression, comprehension, interaction, and mediation.