Financial Accounting

General

• Code: 202
• Semester: 2nd
• 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=367
• Instructors: Pazarskis Michail
• Class Schedule:
  • Mon 09:00 - 12:30: Θ+Α, Παζάρσκης, Υπ. Δρ. Γκατζιού, ΑΜΦ3
• Exams Schedule:
  • 11/06/2024, 18:00 - 20:00: Παζάρσκης - Γκατζιού

Course Contents

1. Introduction to the concept and content of Financial Accounting.
2. Legislative Framework – Greek Accounting Standards: Structure of accounting plan. Accounts, groups and their association.
3. Identification of the elements of the financial statements based on the GAS.
4. Classification of data and compilation of financial statements based on GAS.
5. Accounting Fixed-tangible assets.
6. Accounting of fixed-intangible assets.
7. Valuation of stocks.
10. The accounting of obligations.
11. Adjusting Journal Entries.
12. The determination of the result and the preparation of the balance sheet – results of use.
13. Outline of the course.

Educational Goals

The course aims at the students’ understanding of the structure of the Greek Accounting Standards (GAS) and the relationships of its accounts. In particular, it enables students to use accounts to track particular sub-categories of assets, claims and liabilities, as well as expenses and income. Students will be able to group the accounts based on the GAS chart of accounts, compare the income and expenses of a business and compose the effective accounts, so as to accurately determine the business result.

After successful completion of the course the students will be able to:

• Distinguish and explain the effects of financial transactions and transactions on the profitability and efficiency of the business.
• Accurately determine the assets and liabilities of a business entity.
• Organize and evaluate the accounting treatment of individual assets, such as fixed assets, stocks, receivables, etc. Handle a large number and types of accounts in the entire business transaction circuit.
• Have deep logical knowledge in more detail in specialized elements and types of accounts.
• Prepare and interpret elementary financial statements of companies.

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. Καραγιώργος Α. , Δρογαλάς Γ., Παζάρσκης Μ., Διοικητική Λογιστική, Εκδόσεις ΝΑΜΑΤΑ, 2019.
2. Καρτάλης Ν., Διοικητική Λογιστική για λήψη Αποφάσεων, Εκδόσεις Ερευνητικές Μελέτες και Επιστημονικές Υπηρεσίες ΑΜΚΕ, 2019.
3. Needles Β., Powers Μ., Crosson S.,Διοικητική Λογιστική, Εκδόσεις Broken Hill, 2017.

Related Research Journals

Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Review of Accounting Studies, Abacus, British Accounting Review, European Accounting Review, International Journal of Accounting, κ.ά.