30336 - ACCOUNTING AND FINANCIAL STATEMENT ANALYSIS

Accounting is the language of business, an important means of communication among business parties. Among others, financial accounting speaks mainly to external information users, such as investors and financial analysts, who make decisions for many different purposes using the accounting information disclosed in financial statements. This course is designed to provide students with a basic understanding of key accounting concepts and principles according to which financial statements are prepared.

• General accounting: the double-entry accounting system.
• Financial accounting transactions and preparation of financial statements (income statement, balance sheet, statement of stockholders’ equity, and cash flow statements).
• Basic analysis of financial statements.

• Achieve knowledge and skills in respect of financial statements, presenting the composition, classification and analysis methods of financial statements.
• Explain the overall general accounting processes from which the financial statements arise.
• Understand and replicate an elementary individual financial statement.
• Interpret periodic reports in order to determine the company's performance.

• Understand the basic accounting concepts and measurements that underlie financial statements.
• Apply the double entry system to report accounting transactions as prescribed by general accounting rules (mainly by U.S. GAAP).
• Analyze the accounting information presented in financial statements and apply effective analytic skills and tools to make business decisions or solve problems.

• Face-to-face lectures
• Exercises (exercises, database, software etc.)
• Group assignments

• Home programming exercises are given to students.
• A comprehensive practical group assignment is presented in the end of the semester.

• One partial exam representing 30% of final grade.
• One final exam representing 50% of final grade.
• One assignment representing 20% of final grade.

• One partial exam representing 30% of final grade.
• One final exam representing 70% of final grade.

LIBBY, LIBBY, SHORT, Financial Accounting, McGraw-Hill, International Edition, 9th edition.