Students will obtain the basic knowledge of accounting concepts and principles which allow them to

handle issues related to financial accounting, such as measuring business transactions, financial reporting and analysis.

The course is introductory in nature and choice and therefore has no prerequisites.

Competences:

• Knowledge of basic accounting concepts and terms such as basic accounting equation, accounting event, balance sheet,

income statement, cash flows statement etc.

• Understand how the double entry system works
• Monitoring of the accounting cycle of a firm and preparing basic financial statements i.e balance sheet, income statement etc.

• Weeks 1,2 : Introduction to the financial Statements
• Weeks 3,4 : Transaction Analysis
• Weeks 5,6: Accrual Accounting and Income
• Weeks 7,8: Inventory and Cost of Goods Sold
• Weeks 9,10: Plant Assets, Natural Resources & Intangibles
• Week 11: Internal Control and Cash
• Weeks 12,13: Case studies presentation and Problem solving.

Lectures (3 hours per week)

1. a) Submission of assignments (20%) and b) performance on the final written examination at the end of the semester (80%). The evaluation criteria are clearly defined and posted in the relevant web page of the course: http://eclass.upatras.gr/courses/ECON1230

Use of Information and Communication Technologies (ICTs) (e.g. power point) in teaching and communicating with students.