Financial Accounting

A compulsory course of the first semester of the Master’s Programme “Banking-Insurance and Finance”.

Course details

Code: MBAF02
Semester: 1st
Credits: 5 ECTS
Teaching hours: 2 per week (lectures and practical exercises)
Course type: General Background Course
Prerequisites: none
Language of teaching and examinations: Greek and/or English
Offered to Erasmus students: yes, upon relevant request
Mode of delivery: distance learning, synchronous and asynchronous
Total workload: 150 hours
Taught by: Dimitrios Niklis

Learning outcomes

In the Financial Accounting course, the basic principles governing the Greek Accounting Standards are analysed in comparison with the International Accounting Standards, with the aim that students deepen their knowledge, both at a theoretical and at a practical level, of the accounting cycle and of the rules governing the science of accounting
Specific accounting topics are also analysed in the form of case studies, and answers are given to matters that concern businesses
On completion of the lectures, the postgraduate student is able to understand in depth specific accounting topics, at both a theoretical and a practical level
In addition, an analysis is made of the Centralised System, Branch Accounting, depreciation and the accounting procedure for closing the books, and the principles for drawing up balance sheets are also taught, both in accordance with the Greek Accounting Standards and on the basis of the International Accounting Standards

Syllabus

Financial accounting aims to inform persons outside the undertaking; emphasis is placed on the result and it is subject to regulatory intervention
Financial Accounting
The usefulness of accounting
The role of accounting
The accounting system
Branches of accounting
The activity of economic entities
The structure of economic entities
Basic principles of accounting. The theoretical and conceptual framework of accounting in accordance with the Greek Accounting Standards
Basic principles of the Greek Accounting Standards
Deferred taxes
Preparation of financial statements
Impairment of value — provisions
Financial instruments: recognition and measurement

Assessment

Assessment is carried out in three ways: an individual assignment (30% of the mark) on a predetermined topic, concerning the analysis and evaluation of undertakings from an accounting and financial point of view; a presentation of the individual assignment (10%) during the final lectures, lasting ten minutes, assessed on completeness, structure and presentation skills; and a written final examination (60%) with multiple-choice questions, true or false questions, questions of judgement, the solving of problems on accounting topics and the comparative assessment of points of theory. The examination is conducted through an electronic platform (Zoom and e-class), with questions selected at random from a question bank. Language of assessment: Greek.