Financial Accounting Systems
Objectives:
The course of "Financial Accounting Systems" aims to provide knowledge of Financial Accounting, of understanding the content and mode of the Greek Charts of Accounts (groups 1-8), of the Double-entry book-keeping using Accounting Information Systems, of the Opening and Closing the books, of handling special issues as K.E.P.Y.O, V.A.T. (Value Added Tax), I.K.A. (Social Security Organisation) and various taxes, of creating Companies Balance Sheet and Table of Results of Operations, of guidance on determining the fair value of companies, according to relevant Greek Legislation and analysis of Accounting Data. Based on the knowledge offered by this course, future managers are prepared to be more effective in their working environment.
Skills:
General Skills of Computing and basic knowledge of the Greek Chart of Accounts (Groups 1-8 of G.Ch.A.).
Prerequisites:
The approach will be initiated by the student and teacher guidance.
Content:
Deepening in Accounting Standardisation.
Description and analysis of the Greek Chart of Accounts (groups 1-8).
Proper Use of Accounts such as customer, suppliers, securities, sales, purchases and expenses.
Accounting errors (prevention, search, correction).
Determination of V.A.T. (Value Added Tax), I.K.A. (Social Security Organisation), other taxes.
Connect to TAXISNET (Greek Tax-Office System) of all the Accounts where possible.
Organizing warehouse data.
Prints, projections, changes, modifications, temporary and permanent movements of accounting records.
Implementing Exercises in Accounting Information Systems.
Double-entry book-keeping using Accounting Information Systems.
Creating Balance Sheet and Table of Results of Operation.
Financial Statements.
Implementing Accounting Exercises using modern Accounting Information Systems in the PC Lab.
Determining the fair value of a business (Individual, O.E., E.E., Ltd, SA) based on the relevant Greek Legislation.
In depth studies in specialized cases (case studies) in order for the students to understand the importance of analyzing the accounting records and information of the companies to both internal and external stakeholders.
Textbooks:
1) Accounting Plan-Computerized Accounting (Vazakidis A, Stavropoulos A, Chatzis A), in Greek, 2nd edition, 2010, Thessaloniki.
2) Financial Accounting - Accounting Plan (Stavropoulos A, Vazakidis A, Tsopoglou S), 2nd edition, 2010, Thessaloniki.
3) Accounting Information Systems - Computerized Accounting, in Greek, (Ginoglou D, Tachinakis P, Protogeros N), 1st edition, 2004, Athens.
4) Examples of implementation and analysis of the general plan of accounts in practice, in Greek, (Karagiannis D, Karagiannis I, Karagianni A) 8th edition, 2011, Thessaloniki.
5) General Financial Accounting, in Greek, (Ginoglou D, Tachinakis P, Moese S), 2005, Athens, Editor: Rosili
6) Accounting - the basis for business decisions (Meigs, W. Meigs, R), 7th edition, 1998, Athens.
7) Financial & Managerial Accounting (Needles B, Powers M, Crosson S), 2008
8) Financial Accounting (Stickney, Clyde and Weil Roman), 10th edition Thomson South Western, 2004.
9) Extensive material of notes and analytic case studies will be delivered at the end of each lecture.
Assessment:
Written examination
