Accounting I

Accounting I, photo: Alexander Stein

Course ID: 
Year of Study: 
For Erasmus Students: 

Learning Outcomes

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.


  • 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.

Course Contents

  • 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.

Teaching Activities

Lectures (3 hours per week)

Teaching Organization


Semesters Work load


39 hours

Study and Analysis of the literature

72 hours

Project writing

39 hours

Total number of hours for the Course

(25 hours of work-load per ECTS credit)

150 hours (total student work-load)


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:

Use of ICT

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

Course Info

Current Tutors


Tzelepis Dimitrios

Associate Professor
Tzelepis Dimitrios
Field of Expertise: 
Earnings Management, Accounting, Fraud Detection
Organic Unit / Lab: 
Laboratory of Industrial, Innovation and Regional Economics
Office Hours: 
Thursday 11:30-14:30
or after appointment

Reading List

Reading Recommendations: 
Χρηματοοικονομική-Λογιστική, Harrison W., Horngren C., Thomas W.,
Εισαγωγή στη Λογιστική, Needles B., Marian P.,