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Course Description

Course: Financial Accounting II

Code: ACC201                      

Semester: B

Tutors: N. P. Eriotis (& Lecturer P.D. 407)

Aims and Objectives

This course provides the necessary advanced accounting applied methods. In the first section we focus on the theoretical framework of financial accounting and the analysis of Assets, Liabilities and Shareholders’ equity. All the previous topics are delivered in accordance with the Greek General Accountancy Plan and the International Accounting Standards. In the last section, section two, we analyze the break even point, the working capital, the cash flow statements and present some case studies. 

Course outline

The course is comprised by two sections:

First section

The theoretical framework of financial accounting

  • Analysis of accounting principles
  • Inventory
    • Types of inventory
    • Analysis of inventories, record and post inventory
    • Last-In-Last-Out and First-In-First-Out
    • Calculate the Gross Profit of the accounting period using cost of goods sold
  • Fixed assets
    • Types of fixed assets
    • Analysis, record and post fixed assets
    • Depreciation – Methods of depreciation
    • Fixed assets’ valuation
  • Securities
    • Types of securities
    • Analysis, record and post securities
    • Securities’ valuation
  • Current assets
    • Current assets’ accounts
    • Analysis, record and post current assets
  • Shareholders’ Equity
    • Accounts of shareholders’ equity
    • Analysis, record and post shareholders’ equity accounts
  • Liabilities
    • Long and short run liabilities
    • Analysis, record and post liabilities on local and foreign currency
  • Temporary and Memo accounts
  • Foreign Currency

     Second section

     Financial Statements Analysis: Special issues

  • Break even point analysis
  • Working capital
  • Cash flow statement
  • Comparative analysis of financial statements
  • Case studies

A) Text books

1)  D. Gika, “Financial Accounting”, Benos, 2008, in Greek.

2)  D. Heva, A. Balla “Financial Accounting”, Benos, 2008, in Greek.

3)  Ch. Vlahos, “International Accounting Standars”, volume A’ & B, Papazisis, 2009, in Greek.

4)  N. Eriotis, “Notes for the Greek General Accounting Plan”, lecture notes, 2008, in Greek.

5)  N. Niarchos, “Fianancial Statement Analysis”, Stamoulis, 2003, in Greek.

6)  D. Gika, “Analysis & uses of the Financial Statements, Benos, 2006, in Greek.

B) Adjacent Bibliography

T. Warfield, J. Weygandt, D. Kieso, “Intermediate Accounting, Principles and Analysis”, 2nd edition, Wiley 2007.