Πτυχίο Διοίκησης Επιχειρήσεων / BA in Business Administration

Course Details

Course Information Package

Course Unit TitleINTRODUCTORY ACCOUNTING II
Course Unit CodeABSA102
Course Unit DetailsBA Business Administration (DL) (Compulsory courses) - BA Business Administration (Required Courses) - BA Accounting and Finance (Required Courses) - BSc Maritime Studies (Business and Maritime Electives) -
Number of ECTS credits allocated5
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Prepare accounts for manufacturing businesses and partnerships. Furthermore to be able to apply the principles of double entry and prepare accounts from incomplete records
  2. Evaluate the basic financial accounting concepts and prepare final accounts for all types of business.
  3. Formulate an opinion at more advanced accounting subjects when analysis will become a key aspect.
  4. Compare the differences between how companies perform in terms of their accounting profits, with the differences between how companies perform in terms of other measures of performance
  5. Consider the accuracy of accounts as means of measuring how companies perform over the business cycle.
Mode of DeliveryFace-to-face
PrerequisitesABSA101Co-requisitesNONE
Recommended optional program componentsNONE
Course Contents

Correction of errors and journals: Understanding and applying journal entries to correct errors in the accounting records.

Control accounts: Preparing the sales ledger and purchase ledger control accounts.

Incomplete records: Preparing final accounts from incomplete records.

Non-profit organisations: Preparing final accounts for non-profit organisations.

Manufacturing accounts: Understanding their purpose and constructing manufacturing accounts.

Introduction to ratio analysis: Examination of key indicators for the financial performance and financial position of a firm.

Introduction to stock valuation: Identify and examine methods for carrying out stock valuation.

Introduction to partnership accounts:  These include: the legal framework, appropriation accounts and partners’ personal accounts.

Introduction to limited company accounts: Compare the differences between sole trader and limited company accounts.

Recommended and/or required reading:
Textbooks
  • F Wood and A Sangster, Business Accounting I, 11th Edition, Financial Times Prentice Hall, 2008.
References
  • J.R. Dyson, Accounting for non-accounting students, 5th Edition, FT Prentice Hall, 2001.
  • Pauline Weetman, Financial & Management Accounting: An introduction, 3rd Edition, 2003, FT Prentice Hall.
Planned learning activities and teaching methods

The taught part of course is delivered to the students by means of lectures, conducted with the help of computer presentations. Lecture notes and presentations are available through the web for students to use in combination with the textbooks. Lectures are supplemented with class exercises carried out in class and via homework.

Assessment methods and criteria
Assignments20%
Tests20%
Final Exam60%
Language of instructionEnglish
Work placement(s)NO

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