Accounting for Business

COURSE INFORMATION

COURSE NAME

Accounting for Business

Course Code

 

Course Type

Elective

Level of course

Undergraduate

Year of Study

4

Term

Fall

ECTS Credits

5

Name of Instructor(s)

Associate Professor(s): Ginoglou,D., Negakis, X. 
Assistant Professor: Tahinakis, P.

E-mail

ginogl@uom.gr;negakis@uom.gr;tahi67@uom.gr;

Office Hours

M – W 10-12

In Classroom Study

3h/week

Out of Classroom study

6h/week

Objective of the course

The aim of the course is to provide a full understanding of the key aspects of financial and managerial accounting, concentrating in particular on companies in the private sector. This course is suitable for students who are undertaking courses in accounting with an aim to pursue careers as financial managers and thus need a sound understanding of the role of financial and managerial accounting in an organization. 

Prerequisites

None

Course Contents

GAAP, IAS, Financial statements, Financial reporting, General entries, Accounting for decisions, Cost analysis, Capital budgets.

Recommended readings

1. ‘Financial Accounting – An International Approach’ by Kothari and Barone.
2. ‘Managerial Accounting’ by  Garrison, Noreen and Brewer

Teaching Methods

Lecture

Assessment Methods

20% Assignments, 40% Midterm exam and 40%, Final exam

Language of Instruction

English

Course Schedule

 

1st Week

The link between business and accounting

2nd Week

The framework of financial reporting

3rd Week

Financial position and financial performance

4th Week

Preparation of financial statements

5th Week

Analysis and interpretation of financial statements

6th Week

Cost terms, concepts and classification

7th Week

Cost behaviour: analysis and use

8th Week

Cost-Volume-Profit relationships

9th Week

Flexible budgets an overview analysis

10th Week

Capital budgeting decisions

11th Week

International Accounting Standards

12th Week

Profit planning