{"id":3271,"date":"2024-02-02T16:30:32","date_gmt":"2024-02-02T16:30:32","guid":{"rendered":"https:\/\/bankfin.unipi.gr\/mscfinlaw\/?post_type=courses&p=3271"},"modified":"2024-02-02T16:30:54","modified_gmt":"2024-02-02T16:30:54","slug":"principles-of-financial-accounting","status":"publish","type":"courses","link":"https:\/\/bankfin.unipi.gr\/mscfinlaw\/en\/courses\/principles-of-financial-accounting\/","title":{"rendered":"Principles of Financial Accounting"},"content":{"rendered":"\t\t
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Principles of Financial Accounting<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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2nd Semester, <\/span><\/strong>Course Code: \u039c\u0395\u03a7\u039806<\/strong><\/span><\/p>

Credits:<\/strong>\u00a07<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tCourse Description (Greek)<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tCourse Description (English)<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Learning Outcomes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The aim of the course is:<\/p>\n

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This is the first\/introductory course in Accounting focusing on Financial Accounting Principles in the context of the International Financial Reporting Standards (IFRS). The aim of the course is to provide students with the necessary theoretical knowledge and techniques used internationally in financial accounting and reporting.<\/p>\n

Upon successful completion of the course, the student will be able to:<\/strong><\/p>\n

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  •  Understand the principles of financial accounting, the financial cycle, recording of transactions and reporting in the: Statement of Financial Position; Statement of Comprehensive Income; Statement of Changes in Equity.<\/li>\n
  • Analyse the requirements of a particular accounting issue and apply the knowledge offered in practice.<\/li>\n
  • Know and comprehend basic terms such as Journal, Journal entries, T- accounts etc<\/li>\n
  • Know and comprehend the appropriate terminology in Financial Accounting as well as the relevant modern reporting approaches.<\/li>\n
  • Make necessary Journal entries, Αdjusting entries and prepare the relevant financial statements<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    General Competences<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • Adapting to new situations<\/li>\n
    • Decision-making<\/li>\n
    • Working independently<\/li>\n
    • Teamwork<\/li>\n
    • Working in an international environment<\/li>\n
    • Working in an interdisciplinary environment<\/li>\n
    • Production of new research ideas Teamwork<\/li>\n
    • Project planning and management<\/li>\n
    • Respect for difference and multiculturalism<\/li>\n
    • Respect for the natural environment<\/li>\n
    • Showing social, professional, and ethical responsibility and sensitivity to gender issues<\/li>\n
    • Criticism and self-criticism<\/li>\n
    • Production of free, creative and inductive thinking<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      Course Content<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      1. Introduction in General Accounting-General Accounting Principles<\/li>\n
      2. Financial Statements, Balance Sheet (Financial Position)<\/li>\n
      3. Financial Statements, Income Statement<\/li>\n
      4. Owner’s Equity Statement<\/li>\n
      5. T- Accounts-Journal<\/li>\n
      6. Greek_Accounting_Standarads<\/li>\n
      7. Business transactions-Journal Entries-Trial Balance<\/li>\n
      8. Accounting Errors- Adjusting Entries<\/li>\n
      9. Closing Entries<\/li>\n
      10. preparation of Financial Statements<\/li>\n<\/ol>\n

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        A combination of teaching and learning methods will be used, aiming at the active participation of the students and the practical application of the thematic units under examination; there will also be lectures using audiovisual media, discussions, and analyses of case studies on real business issues, experiential (group) activities, as well as projections of relevant videos. The students will also potentially undertake an individual or group project. Furthermore, articles, web links\/addresses, useful information, case studies and exercises for further practice are posted in digital form on the Open e-Class platform.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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        Student Performance Evaluation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        The evaluation process is in the language that the course is taught (Greek or English) and consists of:<\/p>\n

        Compulsory written final examination at the end of the semester (weighting factor 70<\/strong>% at least) which may include:<\/p>\n