Courses

International Accounting Standards

General

Course Contents

  1. Presentation of IAS/IFRS.
  2. Framework for preparation and presentation of Reports.
  3. Presentation of IAS 1, IAS 2.
  4. IAS 7, Cash Flows.
  5. IAS 8, IAS 10, Correction of Errors.
  6. IAS 12, taxation, IAS 16, Fixed Assets.
  7. IAS 17, Leases, IAS 19, Personnel.
  8. IAS 20, Grants, IAS 21 Foreign Exchange.
  9. IAS 23, Borrowing Costs.
  10. IAS 36, Impairments, IAS 37, Provisions.
  11. IAS 38, Intangibles.
  12. IAS 33, Earnings per Share.
  13. IAS 11, Construction Contracts.

Educational Goals

The course is a basic introduction to the concepts and applications of International Financial Reporting Standards. The content of the course aims to introduce students to the basic concepts of International Accounting Standards, their application in the presentation of financial results through mandatory reports and their distinction in terms of the applied accounting standards as they are provided. It also refers to introductory concepts and to methodologies for applying accounting policies and the interpretation of different results as they result from changing policies,  so that the student has a comprehensive understanding of the processes and methodologies in the accounting management of organizations. Finally, the aim of the course is for the students to understand the Principles, Rules, Methods and Procedures followed for recording and presenting the financial facts of a business unit, based on the International Financial Reporting Standards (IFRS), in the modern economy and of the evolution of accounting administration and management into a distinct scientific field / profession

Upon successful completion of the course, the student:

  • Has understood the basic and critical features of International Accounting Standards, their connection to broader economic and business objectives and the principles of the business cycle.
  • Has knowledge of the tools and techniques of the accounting management of the financial results and operations of companies and how they are used to ensure the successful financial recording of the results.
  • Is able to distinguish the main roles of accounting policies in a real environment or in a case study and to assess the role of stakeholders in dealing with positive or negative economic developments.
  • Uses the methodologies of the accounting principles to determine key elements of determining the financial result and cases of manipulation of the results.
  • Analyzes and calculates the main elements of diversity of accounting models (Anglo-Saxon – Franco-German).
  • Collaborate with his fellow students in the application of International Standards to create and present in a case study the diversity of results and the degree of manipulation that depends on the use of different accounting policies, which concern both Greek and International Financial Standards Reference.
  • Develops the necessary knowledge acquisition skills in matters of accounting management of financial results for further studies at postgraduate level.

General Skills

  • Independent work.
  • Team work.
  • Decision making.
  • Production of free, creative and inductive thinking.

Teaching Methods

  • In the classroom, face to face.

Use of ICT means

  • Basic software (windows, word, power point, the web, etc.).
  • Support of learning process through the electronic platform / e-class.

Teaching Organization

ActivitySemester workload
Lectures26
Practice Works13
Assignement (Essay writing)20
Independent Study91
Total150

Students Evaluation

Written final exams (60%) that may include:

  • Judgemental questions.
  • Short answer questions.
  • Application exercises.
  • True/false and multiple choice questions.
  • Composite theoratical questions.

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

  1. Βλάχος Χ., Λουκάς, Λ., Διεθνή Λογιστικά Πρότυπα 2009, Εκδ. Παπαζήση – Globaltrainin, τόμος Α’, 2008.
  2. Καραγιώργος Θ., Πετρίδης Α., Εφαρμογή των Διεθνών Λογιστικών Προτύπων (ΔΛΠ) σε συνδυασμό με το Γενικό Λογιστικό Σχέδιο (ΓΛ), Εκδ. ΓΕΡΜΑΝΟΣ, 2006.

Related Research Journals

1. Journal of Accounting Review.
2. American Journal of Applied Sciences.