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Accounting I

MODULE HANDBOOK

(1)    GENERAL INFORMATION

SCHOOL

SCHOOL OF ECONOMIC AND MANAGEMENT STUDIES

DEPARTMENT

DEPARTMENT OF BUSINESS ADMINISTRATIONS

LEVEL OF STUDY (BSc/MSc)

BSc

COURSE CODE

202

SEMESTER

2nd

COURSE TITLE

Financial Accounting I

INDEPENDENT TEACHING ACTIVITIES
in case the credits are awarded in separate parts of the course e.g. Lectures, Laboratory Exercises, etc. If the credits are awarded uniformly for the whole course, indicate the weekly teaching hours and the total number of credits.

WEEKLY TEACHING HOURS

CREDIT UNITS

4

5

 

 

Add rows if needed. The teaching organization and teaching methods used are described in detail in (d).

COURSE TYPE

general background, special background, general knowledge specialization, skills development

General background

PREREQUISITE COURSES:

 

None

LANGUAGE OF TEACHING and EXAMS:

Greek

IS THE COURSE OFFERED TO ERASMUS STUDENTS

No

ELECTRONIC COURSE PAGE (URL)

(2)    LEARNING OUTCOMES

Learning Outcomes

The learning outcomes of this course, knowledge and skills that will be gained, and abilities of an appropriate level that students will acquire after the successful completion of the course.

Refer to Appendix A.

  • Description of the Level of Learning Outcomes for each course of study according to the Qualifications Framework of the European Higher Education Area
  • Descriptive Indicators of Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Annex B
  • Summary Guide for writing Learning Outcomes

This course aims to introduce the student to the basic concepts of Accounting and its role in Business. Upon successful completion of the course, students should be able to perform and know the following:

• Principles and assumptions of General Accounting.

• Balance sheet.

• Results of Use

• Accounting circuit and process

• Journal entries

• Universal, balances

• Inventory, Customization Records, Result Records and Transfer Records

• Accounting for fixed assets, stocks, customers

• Prepares a balance sheet and income statement.

• Informs, debits and credits accounts of the company according to its financial transactions.

• Corrects accounting errors.

• Distinguishes accounts according to their content and nature.

• Selects from the accounts of the Single General Accounting Plan the ones that are needed in order to correctly represent the transactions of a company.

• Values ​​the assets of a business (fixed assets, participations, securities, stocks, receivables, liabilities, cash, other assets) correctly.

General Skills

Taking into account the general skills that the graduate must have acquired (as they are listed in the Diploma Supplement and are listed below) which of the following is the aim of the course ?

Search, analysis and synthesis of data and information, using the necessary technologies

Adaptation to new situations

Decision making

Autonomous work

Teamwork

Working in an international environment

Work in an interdisciplinary environment

Production of new research ideas  

Project design and management

Respect for diversity and multiculturalism

Respect for the natural environment

Demonstration of social, professional and moral responsibility and sensitivity in gender issues

Exercise criticism and self-criticism

Promoting free, creative and inductive thinking

……

Other…

…….

• Search, analysis and synthesis of data and information, using the necessary technologies

• Adaptation to new situations

• Decision making

• Independent or Group work

• Work in an international environment

• Exercise criticism and self-criticism

• Promoting free, creative and inductive thinking

(3)    COURSE CONTENT

The content of the course includes the following topics:

1. Introduction to accounting.

2. Property-inventory-balance sheet.

3. Changes in assets and their monitoring with successive balance sheets.

4. The accounts (concept, significance, opening, operation, equation, closing).

5. The accounting data and books.

6. Accounting errors and their correction.

7. Distinguish accounts according to their nature or content.

8. Concept and operation of the accounts of the Unified General Accounting Plan.

9. Valuation of the company's assets (fixed assets, participations, securities, inventories, receivables, liabilities, cash, other assets).

 

(4)    TEACHING AND LEARNING METHODS - EVALUATION

TEACHING METHOD
Face to face, distance learning, etc..

Face to face

USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES
Use of ICT in Teaching, in Laboratory Education, in Communication with students

Use of audiovisual and interactive material with the help of ICT

Support for the learning process and communication with students through the electronic platform e-class

TEACHING ORGANIZATION

The teaching methodologies are described in detail.

Lectures, Seminars, Laboratory Exercise, Field Exercise, Bibliography study & analysis, Tutoring, Internship (Placement), Clinical Exercise, Art Workshop, Interactive teaching, Study visits, Study work, artwork, creatio, etc

 

Indicate the student's study hours for each learning activity as well as the non-guided study hours according to the ECTS principles

Activity

Semester Workload

Lectures

39

Practical Exercise

13

Publications study

35

Assignments

15

Exams’ Preparation

46

Final Examination

2

Course Total  Effort

150

STUDENT EVALUATION

Description of the evaluation process

 

Assessment Language, Assessment Methods, Formative or Concluding, Multiple Choice Test, Short Answer Questions, Essay Development Questions, Problem Solving, Written Assignment, Report / Report, Oral Examination, Public Presentation, Public Presentation, Others

 

Explicitly defined assessment criteria are stated and if and where they are accessible to students.

I. Written final exam (70%) which includes:

- Multiple choice questions

- Analysis of roles and stakeholders in a brief case study

- Solving problems related to the subject of the course

Comparative evaluation of theory data

II. Individual or Group Work (30%)

The purpose of the work is to test the skills developed by students in tools and services related to consumer behavior and their ability to design and implement a project as a group or independently.

(5)    BIBLIOGRAPHY

• Introduction to Financial Accounting, Powers Marian, Needles Belverd

• Principles of Financial Accounting - Financial Analysis and Decision Making, Dimitrios Vassiliou, Nikolaos Iriotis, Dimitrios Balios

• Related scientific journals:

1. Accounting, Organizations and Society.

2. Journal of Accountancy.

3. Accounting and Business.

4. Practical Accounting.

5. Accounting Research Journal.