Πτυχίο Διοίκησης Επιχειρήσεων / BA in Business Administration

Course Details

Course Information Package

Course Unit TitleINTERMEDIATE FINANCIAL ACCOUNTING I
Course Unit CodeABSA203
Course Unit DetailsBA Business Administration (DL) (Business Electives) - BA Business Administration (Business Electives) - BA Accounting and Finance (Required Courses) -
Number of ECTS credits allocated5
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Prepare investment accounts for limited companies and apply the principles of double entry to company reorganisations including the issue of shares and debentures.
  2. Construct limited company accounts either for publication or for internal use
  3. Examine and apply the accounting standards in the areas of: tangible assets, intangible assets and depreciation
  4. Appraise the financial performance and financial position of limited companies
  5. Apply the basic principles of group accounts.
Mode of DeliveryFace-to-face
PrerequisitesABSA102Co-requisitesNONE
Recommended optional program componentsNONE
Course Contents

Double entry bookkeeping for company reorganisations: Issues of shares and debentures. Bonus issues, share splits and rights issues

Investment accounts: Examine the theory and practice of double entry bookkeeping as applied to investments with their effect on the balance sheet.

Redemption of securities: Legislation concerning redemption of securities. Ledger and journal entries.

Limited company accounts for internal use: Preparing final accounts for limited company accounts for internal use.

Limited company accounts for publication: Examine formats in line with the relevant legislation and accounting standards. Preparing final accounts for limited company accounts for publication.

Accounting standards: Examination of main principles and accounting standards concerning tangible assets, intangible assets and depreciation.

Introduction to group accounts:  Analyse the significance of subsidiaries and minority interests to group accounts. Be able to prepare consolidated adjustments for goodwill, minority interests and the retained profit. The preparation of group accounts concerning a two-company group.

Recommended and/or required reading:
Textbooks
  • F Wood and A Sangster, Business Accounting 2, 11th Edition, Financial Times Prentice Hall, 2008.
References
  • Pauline Weetman, Financial & Management Accounting: An introduction, 4th Edition, FT Prentice Hall, 2006.
  • BPP, AIA Professional Level 2 - Paper 13: Financial Accounting 3, 2nd Edition, BPP Learning Materials, 2008.
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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