(MISC227) -  Emmanouil Dedoulis

Περιγραφή Μαθήματος

ATHENS UNIVERSITY OF ECONOMICS AND BUSINESS

MASTER IN BUSINESS ADMINISTRATION

 

MBA

FINANCIAL ACCOUNTING AND ANALYSIS

 

HANDBOOK

 

 

 

COURSE OUTLINE

 

This course outline describes the course International Finance. It has been organized into the following sections:

 

1. Basic Information about the Course
2. Aim of the course
3. Study and Attendance
4. Learning Outcomes
5. Reading List
6. Syllabus
7. Course Assessment.

 

 

1. BASIC INFORMATION ABOUT THE COURSE

 

Title:                                           Financial Accounting and Analysis

 

Credit Rating:                           3 credits

 

     Prerequisites:                 None

 

Lecturer:                                    E. Dedoulis

 

Teaching Methods:                   The class meets once a week for a three-hour lecture.

 

Consultation Time/Tutorials:  TBA

 

Contact email:                           e-mail: ededoulis@aueb.gr, tel.: 210 8203 453

 

 

 

AIM OF THE COURSE

 

Financial Accounting and Analysis is designed for part-time students. It aims at developing and students' knowledge and understandings of the role and usefulness of financial reports published by companies. At the end of the course, students are expected to have enhanced their ability to make (or understand) production, marketing, investment, financing or other business decisions. The course will also try to create awareness that solutions do not always conform to some superior economic rationale and that there is not always an obvious and agreed upon treatment of an accounting issue. In such contexts, decisions may sometimes involve trade offs, being the product of political compromise. Finally, one of the arguments advanced in this course is that a manager of a modern enterprise – working within any functional area such as marketing, production, logistics, strategy, personnel, etc. – has a lot to gain, and to offer, by being well versed in accounting and financial reporting.

The course adopts an international perspective on financial accounting and reporting, in view of the increasing integration of Greece's economy into the global economic system and the broader politico-economic processes of 'globalization' world-wide. However, links will occasionally be made between international accounting practices and prevailing national practices in Greece.

Though no prior concrete knowledge of financial accounting is required, it is envisaged that students should soon become familiar with a number of fundamental concepts of financial accounting and are expected to progress rapidly through the early stages of the course (preparation of a set of financial statements). This will allow the class to focus on the more substantive issues of analysis and interpretation that follow.

For a number of students this course may be demanding. Some of the reading material, exercises or case studies may be difficult and complex. However, as you well know, this is all part of working life, where you will be expected to deal with much more difficult issues, undertake analysis and advise management and others. So, you need to persist and discuss the matters with the instructor (and your colleagues), whenever you feel so.

 

STUDY AND ATTENDANCE

 

There are four preparatory lectures which introduce students to the basic financial accounting concepts, principles and methods. The time-table for the preparatory course is announced by the MBA secretary at registration.

The core course lasts for seven weeks and attendance is compulsory. There is a three-hour lecture each week (Tuesday, 18.00 – 21.00). All teaching material as well as the course’s exam paper(s) are in English. For the classes, you will be sub-divided into smaller groups for dealing with exercises and problems assigned. Assignments for each lecture, Power Point (PP) slides and other material will be distributed to students via e-mail.

LEARNING OUTCOMES

 

     On completion of this module, students should be able to:

• Understand the process of recording transactions and preparing financial statements;
• Understand the content of corporate financial statements and the relationships among them;
• Perform an analysis of corporate financial information (financial statements) as part of business decision making.

 

 

REQUIRED TEXTBOOK

 

Robert Libby, Patricia Libby and Daniel Short (2013) [or the latest edition available]. Financial Accounting. Eighth Edition, McGraw Hill, New York.

 

 

RECOMMENDED READING

           

            Harrison, W., Horngren, Ch., Thomas, W. & Suwardy, Th. (2008). Financial Accounting: International Financial Reporting Standards. Eighth Edition. N. Jersey: Pearson Education.

 

            Short D., Libby R., Libby P. & Giullinian, M. (2011). Financial Accounting. Global Edition. New York: McGraw Hill.

 

Hervé Stolowy, Michel Lebas and Yuan Ding(2010). Financial Accounting and Reporting: A Global Perspective. Third Edition, Gengage Learning (SLD). This book takes a user-oriented and global perspective, as it is based on International Financial Reporting Standards issued by the International Accounting Standards Board (IASB).

 

 

Syllabus

 

International Finance

 

Introduction to financial reporting. Definition of Accounting, Accounting and the Business enterprise, Qualitative characteristics of accounting information, Users of accounting information, Introduction to the accounting process.

 

A closer look at corporate financial statements. Presentation of: the Statement of Financial Position (Balance Sheet), the Statement of Comprehensive Income (Income Statement), and the Cash Flow Statement. Definition of basic elements of the financial statements.

 

The technique of the double entry system. Introduction to the double entry book-keeping system (the concept of debit and credit), illustration of the accounting process and the preparation of financial statements.

 

Accrual accounting: accounting principles and end-of-period entries. Accrual vs. cash accounting, depreciation, accounting principles and end-of-period entries.

 

Revenue recognition principles, long-term contracts. Principles of revenue recognition and accounting for long-term contracts.

 

Accounting for inventory and accounts receivable. Definition of inventory, Accounting for inventory, Valuation of inventory, accounts receivable and provisions for doubtful accounts.

 

Accounting for tangible and intangible long-term assets. Definition of long-term (fixed) assets (tangible and intangible), cost of acquisition, depreciation / amortization, accounting estimates with regard to long-term assets, disposal of long-term assets.

 

Equity, liabilities and provisions: The concept of equity, basic equity accounts, transactions involving equity accounts, definition of liabilities, accounting for liabilities, provisions and contingent liabilities, liabilities from financial leases.

 

Reporting, analysing, & using cash flow information. Types of cash flows, the importance of cash flow information, the structure of the Cash Flow Statement, methods of preparing the Cash Flow Statement.

 

Introduction to Financial Statement Analysis. Definition of financial statement analysis, trend analysis and common-size financial statements, ratio analysis. Analysis of liquidity, performance and capital stracture.

 

 

COURSE ASSESSMENT

 

The course will be assessed by means of written examination (100%).

 

Ημερομηνία δημιουργίας

Τρίτη, 27 Σεπτεμβρίου 2016