Accounting I

Accounting I, photo: Alexander Stein

Course ID:

ECO_131

Semester:

3rd

Year of Study:

2nd Year

Category:

Economics Elective

For Erasmus Students:

No

eclass URL

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.

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.

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

*Activity*	*Semesters Work load*
Lectures	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)*

Assessment

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