At the end of this academic term, students will have completed part of their basic Accounting training. They will be instructed and assisted in:
Understanding the importance of the Accounting practice in the business environment.
Understanding the most important accounting principles both from a theoretical as well as from a practical viewpoint.
Learning how to record economic events in the business entity on a day to day basis by mastering the basic bookkeeping techniques.
Preparing the basic financial statements in order to report the business results.
Understanding the most important asset, liability and equity accounts.
Understanding the concept of depreciation and amortization and their role in the company results.
Understanding the composition of the companys equity accounts and how the behavior of the stock market influences the business environment.
Below you can find the main topics that will be covered.
Topic 1 Introduction to Accounting and Basic Financial Statements
Topic 2 The Accounting Cycle: Capturing Economic Events
Topic 3 Chapter 4 - Accruals and Deferrals
Topic 4 Reporting Financial Results
Topic 5 Merchandising Activities
Topic 6 Inventories and the Cost of Goods Sold
Topic 7 Financial Assets
Topic 8 Plant and Intangible Assets
Topic 9 Liabilities
Topic 10 Stockholders Equity: Paid-In Capital
The class sessions will consist of lecture time and solving problems.
Students are expected to do class practices, complete all assignments, tests, exams and class participationThis is reflected in the course grading.
Assignments include exercises and problems which are assigned from the textbook. All assignments must be submitted upon request by the professor (daily basis). If a student is absent for any session, he/she must submit the assignment due by email on that same day.
The use of laptops is not allowed during class.
Be punctual.
The textbook will be regularly used for doing exercises and for discussion purposes.
Problem sets are to be done individually.
Retake Policy: If the student fails the course, there will be a retake exam which consists of a written open-book exam to be conducted on the dates specified by Administration and which will be based on the entire course material. The final grade for the course will be 60% of the retake grade and 40% of participation, attendance and assignments.
The course grade will be based on the following point breakdown:
Attendance and participation (including preparation of homework): 30%
Assignments: 15%
Midterm exam: 25%
Final exam: 30%
Required Textbook:
Financial and Managerial Accounting, by Meigs, Williams, Haka and Bettner, International Edition, McGraw-Hill 17th Edition. Any edition from 14th to 17th may be used.
Required Textbook
Financial and Managerial Accounting, by Meigs, Williams, Haka and Bettner, International Edition, McGraw-Hill 17th Edition. Any edition from 14th to 17th may be used.