Accounting

General

• Code: 106
• Semester: 1st
• Study Level: Undergraduate
• Course type: General Background
• Teaching and exams language: Greek
• Teaching Methods (Hours/Week): Lectures and Practice work (3)
• ECTS Units: 5
• Course homepage: https://elearning.cm.ihu.gr/course/view.php?id=484
• Instructors: Pazarskis Michail

Course Contents

1. Introduction to Accounting. History and types of Accounting.
2. Legislative Framework – Greek Accounting Standards.
3. Content and form of financial statements.
4. Recognition of the elements of the financial statements.
5. Classification of data and compilation of financial statements.
6. Monitoring changes in assets, claims and liabilities.
7. The meaning and types of accounts. Opening, moving and closing. Journal entries and account balances.
8. Asset accounts.
9. Accounts Payable.
10. The revenue accounts.
11. The expense accounts.
12. End of use and result determination tasks.
13. Outline of the course.

Educational Goals

The aim of the course is to introduce students to the subject of accounting, which has invented and applied special signs and signifiers, which constitute a different language. A second aim is to assist in understanding the rules of of recognition, depicturing and interpretation of financial data and transactions and also to inform about the basic financial statements.

Upon successful completion of the course, the student will be able to:

• Recognize and apply the accounting concept in the recording of accounts, the balance sheet and account balance.
• Understand the tasks of determining the result of the annual accounting cycle and to organize the execution of the necessary actions.
• Compare the different accounting entries corresponding to distinct transactions and to combine them to draw up the financial statements.

General Skills

• Working independently.
• Decision-making.
• Production of free, creative and inductive thinking.

Teaching Methods

• In the classroom, face to face.

Use of ICT means

• Basic software (windows, word, power point, the web, etc.).
• Support of learning process through the electronic platform / e-class.

Teaching Organization

Students Evaluation

Written final exams that may include:

• Judgemental questions.
• Short answer questions.
• Comparative evaluation of theory elements.
• True/False and multiple choice Questions.
• Application exercises.

In each question, corresponding evaluation points are specified.

Recommended Bibliography

1. Εισαγωγή στη Χρηματοοικονομική Λογιστική, Καραγιώργος Θεοφάνης, 2016, Εκδόσεις Αφοί Θ. Καραγιώργου Ο.Ε., Θεσσαλονίκη, ISBN: 978-618-82147-6-7.
2. Εισαγωγή στα Ελληνικά Λογιστικά Πρότυπα, Καρτάλης Νικόλαος, 2017, Εκδόσεις Μπαλουκτσή Βασιλική, ISBN: 978-618-83364-0-7.

Related Research Journals

Journal of Accounting Research, Contemporary Accounting Research, Review of Accounting Studies, Accounting Forum, Accounting Horizons, Critical Perspectives on Accounting, European Accounting Review, Foundations and Trends in Accounting, κ.ά.