In this course, the analysis of transactions, the balance sheet, the statement of profit or loss, the statement of cash flows and the net position of a company are studied. Accounting for investments, receivables, stocks, material and intangible assets, liabilities, long-term bonds and equity transactions are also considered. The course introduces students to the basic financial indicators and gives their interpretation. Ethical issues related to financial reporting are also analyzed.

Upon successful completion of the course, students will be able to:

- understand the basic financial elements of an economic unit.

- draw up a balance sheet and profit and loss accounts.

- calculate and be able to provide information, mainly to persons outside the financial units, i.e. third parties.

- interpret critical information about the financial solvency of businesses.

- look at the profitability, value, liquidity, cash flow, leverage and overall picture of a business.- evaluate investments and properly manage financial information.

Financial Accounting

Course Code: ECO 140

Academic year: 2022-23 (Spring Semester - VIII)

Georgios Giotis

e-mail: ggiotis@ionio.gr

tel. 2661087966

MATERIAL PER WEEK (as also posted in open courses e-class)

Week 1 Introduction - Legal Forms of Companies - Types of Accounting

Week 2 Basic Principles - Balance Sheet - Assets - Liabilities - Equity

Week 3 Key Financial Indicators

Week 4 Current and Fixed Assets - Short-term and Long-term Liabilities

Week 5 Investment Evaluation

Week 6 Profit and loss accounts

Week 7 Cost data, Profit accounts, Loss acounts, Balance sheets with examples, Financial/accounting ratios in the Business Plan

Week 8 Balance Sheets from real businesses and Interpretation of its Data

Week 9 Financial Reporting and Break-Even-Point (BEP) analysis

Week 10 Statement of Changes in Equity and Correlation between Financial Statements

Week 11 Stocks and Depreciation

Week 12 Cost of Sales and Methods of Calculating it

Week 13 Costing and Cost-accounting system

OFFICE HOURS

Monday-Thursday 12:00 pm - 1:00 pm 

1. Μπεκιάρης, M., Τζόβας, X., (2017). Αρχές χρηματοοικονομικής λογιστικής. Εκδόσεις Προπομπός Κιμέρης Κ. Θωμάς.

2. Βασιλείου, Δ., Ηρειώτης, Ν., Μπάλιος, Δ. (2019). Αρχές Χρηματοοικονομικής Λογιστικής - Χρηματοοικονομική Ανάλυση και Λήψη Αποφάσεων. Εκδότης Rosili Εμπορική – Εκδοτική Μ. ΕΠΕ.

1. Lectures.

2. Exercises to solve at home (optional).

3. Use of open eclass https://opencourses.ionio.gr/courses/DTO220/

4. Educational material per week on the course page.

5. Selective use of a video projector where deemed necessary and more explanatory.

6. Use of blackboard.

7. Solving queries and further explanations during office hours.

Use of Ionio Open eClass https://opencourses.ionio.gr/courses/DTO220/

The evaluation and attribution of the score takes place after the end of the written examination of the course during the examination period. The written exam includes open-ended questions (solution – development) as well as exercises to be solved. The answers to both can also be found in the material posted on the open-eclass of the Ionian University so that there is no negative bias against those who were unable to attend some lectures for any reason.

However, the evaluation and attribution of the score, is a multidimensional prism in which the participation of the students in the lectures, their engagement and efficiency during the lectures, as well as their general participation in the educational process is taken into account.

Regarding the evaluation of the Course and the Teacher, the process lasted from Monday, April 24 until Sunday, May 7, 2023 through a link and identification code, which the students had already received in their institutional email. It is very important that students carry out this evaluation process in the context of improving the quality of the educational process.

• Seek, analyze and synthesize data
• Decision making
• Work in international environment
• Project design and management