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Course Description

Course : Financial Accounting I

Code: ACC101

(Aand B semesters)

Tutors: N. P. Eriotis (& Lecturer P.D. 407) (1st class – A and B semesters)

N. P. Eriotis (& Lecturer P.D. 407) (2nd class – A and B semesters)

Class – Hours per week 8 hours (6 hours lecture and 2 hours tutorial)

Aims and Objectives

This course provides the undergraduate with the fundamentals of financial accounting. Identifies the concepts and the methods of recording the business’s transactions in the General Journal, posting them in the General Lender and prepare the Trial Balance, the Income Statement and the Balance sheet of the firm. Additionally this course focuses on financial statement analysis and refers to trend, horizontal, vertical and ratio analysis.

Course outline

The course is comprised of two sections:

First Section

 Financial Accounting

 

  • Basics of accounting
  • Accounting cycle
  • Accounting equation
  • Accounting and business transactions
  • Accounting period
  • Accounting records
  • Common errors in accounting
  • Inventory taking and stock taking
  • Adjustment entries
  • Accounts, “T” accounts
  • Trial balance
  • Income statement
  • Balance sheet
  • Opening and closing the accounting records of the accounting period
  • Accounting systems
  • Financial statements

 

       Second Section

       Financial Statement Analysis

 

  • Introduction to financial statements
  • Tools and techniques of financial statement analysis
  • Ratio analysis
    • Liquidity ratios
    • Activity ratios
    • Profitability ratios
    • Financial structure and viability ratios
    • Investment ratios

 

A) Text books

D. Vasiliou & N. Eriotis, “Principles of Financial Accounting”, Rosili, 2010, in Greek.

D. Ginoglou, P. Tahinaki, General Accounting, Rosili, 2009, in Greek.

N. A. Niarchos, “Financial Statement Analysis”, Stamoulis, 2003, in Greek.

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

B) Adjacent Bibliography

C. Warren, J. Reeve, “Financial Accounting for future Business Leaders”, 1st edition, Thomson – South Western, 2004

 C. Warren, J. Reeve, Ph. Fess “Financial Accounting” 8st edition, Thomson – South Western, 2004.

J. Wild, K. Subramanyam, R. Halsey, “Financial Statement Analysis” 8st edition, McGraw Hill, 2004.

G. White, A. Sondhi, D. Fried, “ The Analysis and Use of Financial Statements, 3rd edition, Wiley 2003