Financial and Management Accounting
ΝΙΚΟΣ ΚΑΡΑΜΠΙΝΗΣ - ΟΡΕΣΤΗΣ ΒΛΗΣΜΑΣ
The course is aiming at facilitating the students to understand the principles, role and usefulness of financial and management accounting. Empowering employees and managers of a modern shipping organization with a comprehensive understanding of how the financial and management accounting information is prepared and can be employed for decision making enhances their professional management skills in the running of the business.
The course is divided into two main parts. The first part comprises four three-hour lectures and focuses on the fundamental theoretical and practical issues of financial accounting. Students are expected to be familiarized with fundamental financial reporting concepts and practices as well as with the basic financial statements which constitute the starting point for one to make rational business decisions. The second part of the course covers the rest four three-hour lectures and discusses the basic principles of cost calculation, decision making and management accounting. Basic principles of cost accounting as well as insights on activity based costing are presented during the lectures. Further, issues concerning the development and follow up of the master budget and the methodology for short-term decision-making based on cost information are analyzed. Finally, an introduction is made to strategic performance measurement through Balanced Scorecards.
On completion of this course, students:
- will be able to understand the basic concepts of financial and management accounting,
- will be familiar with current trends applied internationally,
- will be in position to understand the processes through which financial statements are prepared and by adopting a user perspective to make sense of the financial position and performance of a corporation,
- will have the skills to use management accounting techniques, tools and methods in practice,
- will be able to select the most suitable management accounting method, tool or technique to extract and process accounting information for decision making.
The course is aiming at facilitating the students to understand the principles, role and usefulness of financial and management accounting. Empowering employees and managers of a modern shipping organization with a comprehensive understanding of how the financial and management accounting information is prepared and can be employed for decision making enhances their professional management skills in the running of the business.
The course is divided into two main parts. The first part comprises four three-hour lectures and focuses on the fundamental theoretical and practical issues of financial accounting. Students are expected to be familiarized with fundamental financial reporting concepts and practices as well as with the basic financial statements which constitute the starting point for one to make rational business decisions. The second part of the course covers the rest four three-hour lectures and discusses the basic principles of cost calculation, decision making and management
The course is aiming at facilitating the students to understand the principles, role and usefulness of financial and management accounting. Empowering employees and managers of a modern shipping organization with a comprehensive understanding of how the financial and management accounting information is prepared and can be employed for decision making enhances their professional management skills in the running of the business.
The course is divided into two main parts. The first part comprises four three-hour lectures and focuses on the fundamental theoretical and practical issues of financial accounting. Students are expected to be familiarized with fundamental financial reporting concepts and practices as well as with the basic financial statements which constitute the starting point for one to make rational business decisions. The second part of the course covers the rest four three-hour lectures and discusses the basic principles of cost calculation, decision making and management
