Undergraduate Studies

UNIVERSITY OF WEST ATTICA

DEPARTMENT OF ACCOUNTING & FINANCE

You can also view the “Undergraduate Study Program” by clicking here.

1. UNDERGRADUTE STUDY PROGRAM: GENERAL CHARACTERISTICS

1.1. Degree Awarded

Undergraduate (Bachelor’s) Degree in Accounting and Finance

1.2. Duration of Study

4 years / 8 academic semesters

1.3. Number of academic credit units (ECTS)

240 ECTS / 30 ECTS per academic semester

1.4. Level of title/degree

First Cycle of studies (undergraduate studies).
Level 6 of the European Qualifications Framework (EQF)

1.5. Options

Students in the 5^th semester have to choose between: (1) Accounting Option or (2) Finance Option

1.6. Prerequisites for academic title (degree) completion

Students should successfully perform in 44 modules in total (the equivalent of 240 ECTS) or in 42 modules plus a three-month internship, in order complete all prerequisites for receiving the Undergraduate Degree.

Τhe undergraduate curriculum has 26 core courses, plus 12 accounting option courses and 11 finance option courses. The three-month internship is equivalent to 2 elective courses, 12 ECTS in total.

2. PROGRAM STRUCTURE WITH TEACHING HOURS, WORK LOAD AND ACADEMIC CREDITS (ECTS)

			Work Load	Work Load
	SEMESTER 1	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
1.1	MICROECONOMIC THEORY	4	12	156	26	6
1.2	FINANCIAL ACCOUNTING I	4	12	156	26	6
1.3	MATHEMATICS FOR ECONOMIC SCIENCES	4	12	156	26	6
1.4	CIVIL LAW	4	12	156	26	6
1.5	BUSINESS INFORMATICS	4	12	156	26	6
	TOTAL	20	60	780		30

	SEMESTER 2	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
2.1	MACROECONOMICS	4	10	130	26	5
2.2	FINANCIAL ACCOUNTING II	4	10	130	26	5
2.3	BUSINESS MANAGEMENT	4	10	130	26	5
2.4	INTRODUCTION TO STATISTICS	4	10	130	26	5
2.5	TRADE LAW	4	10	130	26	5
2.6	RESEARCH METHODOLOGY	4	10	130	26	5
	TOTAL	24	60	780		30

	SEMESTER 3	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
3.1	MARKETING	4	12	156	26	6
3.2	BUSINESS STATISTICS	4	12	156	26	6
3.3	COST ACCOUNTING	4	12	156	26	6
3.4	BUSINESS FINANCE I	4	12	156	26	6
3.5	INSTITUTIONS & LAW OF THE EUROPEAN UNION	4	12	156	26	6
3.6	ACADEMIC ENGLISH	4				0
	TOTAL	24	60	780		30

	SEMESTER 4	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
4.1	MANAGEMENT ACCOUNTING	4	12	156	26	6
4.2	TAX ACCOUNTING	4	12	156	26	6
4.3	BUSINESS FINANCE II	4	12	156	26	6
4.4	FINANCIAL SYSTEM	4	12	156	26	6
4.5	LABOUR LAW	4	12	156	26	6
	TOTAL	20	60	780		30

	SEMESTER 5
	ACCOUNTING OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
5.1	HUMAN RESOURCES MANAGEMENT	4	10	130	26	5
5.2	BUSINESS STRATEGY AND POLICY	4	10	130	26	5
5.3	INCOME TAXATION	4	10	130	26	5
5.4	INDIRECT TAX ACCOUNTING	4	10	130	26	5
5.5	ACCOUNTING APPLICATIONS WITH COMPUTER	4	10	130	26	5
5.6	ELECTIVE COURSES (1)	4	10	130	26	5
	FINANCE/BANKING LAW
	MARITIME ECONOMICS AND FINANCE
	BUSINESS COMMUNICATION
	TOTAL	24	60	780		30

	FINANCE OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
5.1	HUMAN RESOURCES MANAGEMENT	4	10	130	26	5
5.2	BUSINESS STRATEGY AND POLICY	4	10	130	26	5
5.3	FINANCE/BANKING LAW	4	10	130	26	5
5.4	MARITIME ECONOMICS AND FINANCE	4	10	130	26	5
5.5	ELECTIVE COURSES (2)	4	10	130	26	5
5.6	BUSINESS COMMUNICATION	4	10	130	26	5
	INCOME TAXATION
	INDIRECT TAX ACCOUNTING
	ACCOUNTING APPLICATIONS WITH COMPUTER
	TOTAL	24	60	780		30

	SEMESTER 6
	ACCOUNTING OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
6.1	FINANCIAL STATEMENT ANALYSIS	4	12	156	26	6
6.2	BUSINESS ENGLISH	4	8	104	26	4
6.3	CORPORATE ACCOUNTING	4	10	130	26	5
6.4	ACCOUNTING FOR GROUP OF COMPANIES	4	10	130	26	5
6.5	ACCOUNTING INFORMATION SYSTEMS	4	10	130	26	5
6.6	ELECTIVE COURSES (1)	4	10	130	26	5
	INTERNATIONAL FINANCE
	QUANTITATIVE METHODS IN FINANCE
	ENTREPRENEURSHIP AND INNOVATION
	TOTAL	24	60	780		30

	FINANCE OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
6.1	FINANCIAL STATEMENT ANALYSIS	4	12	156	26	6
6.2	BUSINESS ENGLISH	4	8	104	26	4
6.3	INTERNATIONAL FINANCE	4	10	130	26	5
6.4	QUANTITATIVE METHODS IN FINANCE	4	10	130	26	5
6.5	ENTREPRENEURSHIP AND INNOVATION	4	10	130	26	5
6.6	ELECTIVE COURSES (1)	4	10	130	26	5
	CORPORATE ACCOUNTING
	ACCOUNTING FOR GROUP OF COMPANIES
	ACCOUNTING INFORMATION SYSTEMS
	TOTAL	24	60	780		30

	SEMESTER 7
	ACCOUNTING OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
7.1	INTERNATIONAL ACCOUNTING AND FINANCIAL STANDARDS	4	12	156	26	6
7.2	AUDITING	4	12	156	26	6
7.3	SPECIAL TOPICS IN ACCOUNTING REGULATION	4	12	156	26	6
7.4	ELECTIVE COURSES (2)	4	12	156	26	6
7.5	ENGLISH FOR BUSINESS COMMUNICATION	4	12	156	26	6
	PORTFOLIO MANAGEMENT
	BUSINESS ETHICS & CORPORATE GOVERNANCE
	PUBLIC FINANCE
	OR INTERNSHIP					12
	TOTAL	20	60	780		30

	FINANCE OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
7.1	INTERNATIONAL ACCOUNTING AND FINANCIAL STANDARDS	4	12	156	26	6
7.2	PORTFOLIO MANAGEMENT	4	12	156	26	6
7.3	BUSINESS ETHICS & CORPORATE GOVERNANCE	4	12	156	26	6
7.4	ELECTIVE COURSES (2)	4	12	156	26	6
7.5	ENGLISH FOR BUSINESS COMMUNICATION	4	12	156	26	6
	SPECIAL TOPICS IN ACCOUNTING REGULATION
	PUBLIC FINANCE
	OR INTERNSHIP					12
	TOTAL	20	60	780		30

	SEMESTER 8
	ACCOUNTING OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
8.1	ACCOUNTING FOR SERVICE COMPANIES	4	12	156	26	6
8.2	PUBLIC ACCOUNTING	4	12	156	26	6
8.3	BANK ACCOUNTING	4	12	156	26	6
8.4	ELECTIVE COURSES (2)	4	12	156	26	6
8.5	RISK MANAGEMENT	4	12	156	26	6
	BANK FINANCIAL MANAGEMENT
	DERIVATIVES
	OR INTERNSHIP					12
	TOTAL	20	60	780		30

	FINANCE OPTION	Teaching Hours per Week	per week	per semester	Hours ECTS	ECTS
8.1	BANK FINANCIAL MANAGEMENT	4	12	156	26	6
8.2	DERIVATIVES	4	12	156	26	6
8.3	RISK MANAGEMENT	4	12	156	26	6
8.4	ELECTIVE COURSES (2)	4	12	156	26	6
8.5	ACCOUNTING FOR SERVICE COMPANIES	4	12	156	26	6
	PUBLIC ACCOUNTING
	BANK ACCOUNTING
	OR INTERNSHIP					12
	TOTAL	20	60	780		30

3. DESCRIPTION OF THE COURSES

COURSE TITLE: MICROECONOMICS

COURSE CODE: 12010001

SEMESTER: 1^st

ECTS: 6

Instructor: Th. Papailias

SYLLABUS:

Introduction to Economics. Resources Allocation
Demand – Consumer Behavior
Supply, Production, Production Cost, Revenues
Market Price Setting
Rewards of various Production Factors (land rent, wage, interest, profit)
Political Economy and Social Changes in Modern Times
Migration (Internal – External), Surplus transfer
Basic Demographic Concepts
Distribution Theory and Personal Income Allocation
Brief History of Economic Life
Welfare Economics
International Organizations

LEARNING OUTCOMES:

Upon completion of this course, students will be able to

comprehend the main theoretical concepts of economics;
evaluate critically theoretical approaches and make use of the tools used in microeconomic analysis;
study and suggest solutions to microeconomic issues;
understand the causes of microeconomic phenomena and analyze them;
understand and investigate the complexities of the economic reality.

COURSE TITLE: FINANCIAL ACCOUNTING Ι

COURSE CODE: 12010002

SEMESTER: 1^st

ECTS: 6

Instructor: A. Lekarakou, P. Arsenos

SYLLABUS:

The 13-week syllabus includes the following thematic units:

Economic and accounting units. Accounting history review and branches of accounting. Introduction to accounting concepts
Basic financial statements (Balance sheet, The Income statement). Accounting equation (credit and debit)
Accounting records (Journals, Ledger, and Trial balance).
Accounting book entries
Accounting errors
Inventory and account adjustments. Accounting entries for depreciation
Gross and transit accounts
Profit and Loss Account
The accounting cycle. Series of steps in the process
Accounting cycle applications
Assumptions and principles of accounting

LEARNING OUTCOMES:

This course serves as an introduction to the basic concepts of Accounting and its role in a business enterprise.

Upon completion of the course, students will be able:

to understand the relationship / difference between accounting and bookkeeping;
to interpret the meaning and content of financial statements, and explain the categories of accounts and the term “accounting event”;
to decide if balance sheet accounts and operating results accounts are to be credited or debited;
to analyze transactions based on source documents, make recordings of accounting events (entries to journals, ledger), and prepare the trial balance;
to perform efficiently the full range of accounting processes.

COURSE TITLE: MATHEMATICS FOR ECONOMIC SCIENCES

COURSE CODE: 12010003

SEMESTER: 1^st

ECTS: 6

Instructor: E. Kossieri

SYLLABUS:

Basic mathematical analysis concepts with application to financial problems
Simple Interest
Average Rate
Discounting the simple interest
Equivalent bills
Compound interest
Rows of payments
Loans

LEARNING OUTCOMES:

The purpose of the course is to enable students to use applied mathematics in calculating financial ratios for analysis of financial information, when performing accounting and financial services.

More specifically, students will be able to understand concepts such as simple interest and compound interest and to calculate rates, interest and capital. They will be able to combine their knowledge with elementary calculus knowledge to examine and assess financial figures.

COURSE TITLE: CIVIL LAW

COURSE CODE: 12010005

SEMESTER: 1^st

ECTS: 6

Instructor: E. Papapetropoulou – Taliadourou

SYLLABUS:

The core modules of the course include:

Introductory concepts and functions of the Law – distinction from ethics and etiquette – sources of Law and hierarchy – rules of Law – divisions of Law – historical evolution of Civil Law
Legal personality: notion of natural person – beginning and ending of natural persons – abilities and conditions of natural persons – protection of personality, intellectual property and personal data – notion, nature and types of legal persons – establishment, function and winding up of legal entities – contracts and liability of legal persons
Rights: concept – types – acquisition, alteration and loss – enforcement, conflicts and misuse – legal and de facto protection
Legal transactions: concepts and types – prerequisites – capacity to perform legal acts – assertion of will – form of contact – violation of law or bonos mores – drafting of contracts – void and voidable transactions – contract interpretation
Agency: direct and indirect agency – power of attorney – concept, type, revocation and suspension
The concept of time: deadlines – limitation periods – suspension and interruption of the limitation period – mandatory time limits
Contract: notion – “principle of relativity of contractual relations” and exceptions – sources – typology – liability in tort/delict
Contract physiology – performance of contract in good faith – place and time of performance – abnormal evolution of contracts – inability to perform, late and improper performance – lender overdue – unexpected change of circumstances
Engagement and penalty clauses – Succession of contracts – contractual subrogation – underwriting of contracts – extinction of contacts – fulfillment, offsetting, remission of debts
“Eponymous” contractual agreements of Greek Civil Code – donation- sale – lease – loan – trust
General principles of land law – notion and content of right – types of immovable property – proprietary and possessory rights – prototype and secondary property acquisition – de jure or de facto rights of ownership or possession over immovable property – usufruct of property
Security in rem – notion and types of collateral – mortgage – publicity of property rights – transfer of rights – land registry

LEARNING OUTCOMES:

The course aims at helping students understand and consolidate the highly abstract introductory legal terms and concepts elaborated upon in the first book of the Greek Civil Code (General Principles), as well as in the other parts of the latter (Contract Law and Land Law). In addition, it aims at familiarizing students with the application of the applicable legislation on the facts of the case at hand, i.e. problem solving. In this vein, the course offers general knowledge and constitutes the grounds upon which legal relation between natural and/or legal persons are founded. Finally, a core object of the module lies in students’ understanding of the role and importance of law in modern business administrative practice and economy, as well as acquiring the necessary skills for their professional life.

Upon successful completion of the course, students will be able to:

Understand the basic elements and concepts of Law, and the latter close link to the wider economic and social environment.
Become familiar with the relevant legal terminology on civil law matters and learn how to interpret the case-law by discussing and commenting on decisions of national courts.
Recognize the underpinning rationale of each regulation.
Become accustomed to legal thinking, basic interpretation techniques and application of relevant legislation, thus being in a position to solve simple practical questions regarding law in general, and civil law in particular.
Learn about persons (both natural and legal) and the legal consequences of their acts in their relevant transactions.
Be aware of the importance and material role of time in legal transactions.
Enhance their scientific knowledge and creative thought and become able to work in an international and interdisciplinary environment.
Further their scientific knowledge, with a view of undertaking postgraduate taught courses both in Greece and abroad.
Acquire the ability to understand the legal prerequisites of the entrepreneurial environment in which – as members of the Accounting and Finance community – shall be called upon to demonstrate their professional skills.

COURSE TITLE: BUSINESS INFORMATICS

COURSE CODE: 12010004

SEMESTER: 1^st

ECTS: 6

Instructor: V. Zakopoulos

SYLLABUS:

Introduction to Computer Science
Computer Function
Data Coding & Presentation
Algorithm and Program
Introduction to the Programming Language
Spreadsheets
Procedures & Functions
Tables & Applications
Introduction to Object Oriented Programming
Graphical Interface

LEARNING OUTCOMES:

The course aims to introduce students to information technology and information management and gain basic knowledge and skills in developing software in modern programming environments.

The ultimate goal is for students to understand the basic principles that govern this particular field of science within the framework of the functioning of an organization.

Upon successful completion of the course the student should be able to:

Explain the structure of a computer system
Explain the process of creating and executing a program
Create small-scale programs to solve simple practice problems
Manage spreadsheets and create small-scale applications
Use ready-made objects in the programming language and especially graphical user interface

COURSE TITLE: MACROECONOMICS

COURSE CODE: 12020001

SEMESTER: 2nd

ECTS: 5

Instructor: Th. Papailias

SYLLABUS:

National Accounts (Income Circuit, Macroeconomic Figures: Definitions, The development of measurement of GDP, Methodology of Symmetrical Input-Output Table Calculation)
Consumption, Savings, Investment (Consumer Theory, Determinants of Investment)
The Bank System (Money market, Demand market, Equilibrium in money market – LM curve, equilibrium in money market – IS curve, equilibrium in product market: IS-LM pattern, Addendum: Credit Market)
The Public Sector and Economic Policy (Revenues, Expenditures, Public Lending, Multipliers, Welfare State and Social Insurance)
External Trade – International Economic Relations
Development Economics (Classical economics, Marxian economics, Schumpeterian theory of economic development, Harrod and Domar model, Addendum: The primary view)
History of Economic Thought
Economic Disorders (Economic Cycles)

LEARNING OUTCOMES:

Upon completion of this course, students will be able to:

understand the function of the economic system and the macroeconomic tools used for solving specific problems;
analyze macroeconomic phenomena;
evaluate critically theoretical approaches and make use of the tools used in macroeconomic analysis;
study and suggest solutions to macroeconomic problems;
understand the complexities of the economic reality;
use analytical skills and demonstrate critical thinking;
develop personal responsibility and express scientific opinions;
express ideas effectively both verbally and in writing;
display team spirit;
meet the tasks on time.

COURSE TITLE: FINANCIAL ACCOUNTING II

COURSE CODE: 12020002

SEMESTER: 2nd

ECTS: 5

Instructor: M. Rodosthenous

SYLLABUS:

Meaning and importance of accounting standardization. Accounting standardization in accordance with the Greek Accounting Standards
Generally Accepted Accounting Principles (GAAP). Greek Accounting Standards and Measurement
Measurement and Valuation of assets. Initial measurement (identification-appearance), accounting treatment of expansion, addition, improvement, repair and maintenance of tangible assets
Subsequent measurement of fixed assets – Depreciation: meaning, causes of depreciation, depreciation calculation methods, accounting entries
Revaluation of assets. Impairment of assets. Accounting treatment
Measurement of intangible assets
Measurement of long-term requirements, investments and financial securities
Measurement of short-term requirements. Accounting and control. Provisions
Measurement of Receivable and Payable notes
Inventory Measurement. Calculation methods of purchase value and historical production cost.
Entries at the end of the year
Adjustment entries
Profit and Loss Account
Memo accounts

LEARNING OUTCOMES:

The course aims to complete students΄ basic knowledge in Financial Accounting and to familiarize them with the principles of financial reporting and the Greek Accounting Standards (GAAP). The course focuses on the initial and subsequent measurement-valuation of business elements, accounting transactions, and identification and recording of fiscal year-end results.

Upon the successful completion of the course, students will be able to:

organize the registration of accounting events throughout the year
classify, categorize and present data in financial statements
recognize and measure – evaluate the entities data
evaluate accounting information
compare and evaluate the accounting information over time

COURSE TITLE: BUSINESS MANAGEMENT

COURSE CODE: 12020003

SEMESTER: 2nd

ECTS: 5

Instructor: A. Alexopoulos

SYLLABUS:

The core modules of the course include:
• Introduction to management
• Historical development of management
• The business environment
• Main and secondary functions of the business:
• Programming
• Organization
• Address
• Checking
• Design
• Technical planning and decision making
• Motivation
• Leadership
• Contact
• Computer applications and social networking technologies for businesses
• Total Quality Management
• Measuring business results

LEARNING OUTCOMES:

The course aims to guide students to the basic principles and concepts of Business Administration as well as to familiarize them with the basic tools of management. Upon successful completion of the course students will:
• be acquainted with the basic business functions
• understand the administrative structure of a business and its function
• understand the elements of the business environment and how they affect its operation
• understand the importance of planning and control

be familiar with the basic principles of management and human resources development
• be able to evaluate the performance of a business organization
• develop managerial skills

COURSE TITLE: INTRODUCTION TO STATISTICS

COURSE CODE: 12020004

SEMESTER: 2nd

ECTS: 5

Instructor: E. Kossieri

SYLLABUS:

Introduction to basic statistical concepts.
Methods for collecting statistical data
Methods of presenting statistical data.
Introduction to descriptive statistics
Frequency tables
Interpreting and presenting graphical information
Measures position and variance
Probability
Random variable
Probability distributions
Probability calculations
Variance analysis
Statistical estimation

LEARNING OUTCOMES:

The student will be able to:

Understand the meaning and use of statistical terms used in business statistics
Present and/or interpret data in tables and charts.
Understand and apply descriptive statistical measures to business situations
Understand and apply probability distributions to model different types of business processes
Understand and apply statistical inference techniques (including statistical estimation and hypothesis testing) in business situations.
Understand and apply simple linear regression analysis
Use computer spreadsheet software to perform statistical analysis on data

COURSE TITLE: TRADE LAW

COURSE CODE: 12020005

SEMESTER: 2nd

ECTS: 5

Instructor: A. Dedouli

SYLLABUS:

The syllabus includes:

Introduction to Trade law. Relationship between Greek Trade law and Greek Civil law. The notion of ‘merchant’ under Greek law. Different types of commercial acts
Intellectual property: brand, copyright, patent
Competition under Greek and EU law.
Personal trade companies: Unlimited and Limited Partnership. Consortium. Formulation of the articles of association, establishment, liability of the partner, partnership, management, representation, termination, liquidation, winding up, transformation
Capital Companies: Société Anonyme (Company Limited by Shares/ Limited Company) under the Greek Law 4548/2018. Features, establishment, articles of association, the Registrar of Companies, certificate of incorporation, company capital, transfer of shares, special categories of shares, bonds. Shareholder agreements under Greek law; ‘golden shares’ in the jurisprudence of the ECJ
Company Limited by Shares: General Assembly: Exclusive competences – The rights of the shareholders (majority and minority) – Preconditions for taking valid decisions – The concepts of ‘quorum’ and ‘majority’ – minimum required percentage of a quorum and majority rules, in compliance to the Greek Company Law
Company Limited by Shares: Board of Directors- Representation authority, Member transactions, Compensation and salaries, Decision-making, Liability, Auditors (Internal/ External Auditors/Chartered Accountants). Minority rights
Company Limited by Shares: Funding. Increasing the company capital. Actual and nominal increase of capital. Reduction in capital. Transformation, Mergers and Acquisitions (demerger/splitting of, division). Termination and winding up
Company Limited by Shares: Information obligation. Protection of investors. Public offer of securities. Insolvency
Limited Liability Company: Characteristics, capital, shares. General meeting of the partners, managers. Representation. Transformation, mergers. Termination and winding up.
Private Company: Characteristics, capital, shares. General meeting of the partners, management. Representation. Transformation, mergers. Termination and winding up. Single-member company
Group of companies and affiliated enterprises
Negotiable instruments (bill of exchange, cheque, promissory note) as a method of payment. Greek Insolvency Law

The core modules of the course include:

Introduction to Trade Law (Greek and English law)
Relationship between Greek Trade law and Greek Civil law. The notion of ‘merchant’ under Greek law.
Some aspects of contract law: the privacy rule
Intellectual property: brand, copyright, patent
Competition under Greek and EU law
Company law: The Greek enterprises, i.e. Société Anonyme, Limited Liability Company, Partnerships, Private Company
Negotiable instruments (bill of exchange, check, promissory note) as a method of payment.
Greek insolvency law

LEARNING OUTCOMES:

Upon completion of the course, students will

have understood the concept of ‘merchant’ under Greek law;
have become familiar with the main elements of competition law and intellectual property;
have understood some significant aspects of Greek company law: how enterprises are organized (Société Anonyme, Limited liability Company, Partnerships, Private Company), their significance for economy; the legal forms of companies and their function;
be aware of the main elements of negotiable instruments;
have understood the most important elements of Greek insolvency law, thus deal effectively with insolvency policies and procedures.

COURSE TITLE: RESEARCH METHODOLOGY

COURSE CODE: 12020006

SEMESTER: 2nd

ECTS: 5

Instructor: V. Zakopoulos

SYLLABUS:

Introduction to research (philosophical underpinnings – definitions and terminology- theoretical concepts, variables, hypotheses)
Exploration of scientific approaches to social issues and problems
Ethical issues in research – validity, reliability and objectivity
Pure and applied research
The process of social research
Primary and secondary sources
Research design: choosing and developing a research topic
Overview of qualitative and quantitative research methodology across the disciplines, with emphasis on Finance and Accounting
Sampling methods – Basic data collection techniques
Developing a questionnaire
Approaches to data processing, analysis and interpretation
Interpreting and presenting research findings

LEARNING OUTCOMES:

This course will provide an opportunity for participants to establish or advance their understanding of research, with emphasis on the fields of finance and accounting. Upon completion of the course, students will be able to:

Comprehend and use research terminology.
Understand the process of choosing and developing a research topic
Compare and contrast the characteristics of different research approaches methodologies
Describe qualitative and quantitative approaches to research
Examine and analyze the strengths and limitations of various data collection techniques
Understand how data are to be analyzed
Develop a questionnaire
Understand the process of conducting literature review
Retrieve information in a library or through on-line sources
Critically analyze, evaluate, and cite reference material
Report research findings
Familiar with the ethical principles of research and approval processes

COURSE TITLE: INSTITUTIONS AND LAW OF THE EUROPEAN UNION

COURSE CODE: 12030005

SEMESTER: 3rd

ECTS: 6

Instructor: A. Dedouli

SYLLABUS:

The core modules of the course include:

Introduction: The European Union Law and its relationship with public international law. History of the EU. The first communities (European Coal and Steel Community, European Economic Community, European Atomic Energy Community). Establishment of the European Union. Treaty on the European Union and Treaty on the Functioning of the European Union after Lisbon Treaty.
Customs Union, Internal market, Economic and Monetary Union, Towards an Integration of the EU. The Single European Act, the Maastricht Treaty, the Treaty of Amsterdam, the Treaty of Lisbon.
Values, objectives, fundamental principles of the Union. Charter of Fundamental Rights: dignity, freedom, democracy, equality, solidarity, justice. European Convention on Human Rights.
Nature of the EU law. Rights of member States and citizens under EU law.
Sources of the EU law: Primary law and secondary law. International Treaties. Division of competencies within the EU, exclusive and shared. The principle of conferral. Principles of subsidiarity and proportionality.
Institutions of the EU. European Council. European Parliament. Council of the EU. European Commission. Court of Justice of the EU (and the General Court). European Central Bank.
Rulemaking within the EU. Regulations, Directives, Decisions, Recommendations, Opinions. Ordinary legislative procedure. Special legislative procedure.
Hierarchy of the EU law: Primary legislation, International Agreements, General Principles, Secondary legislation.
Precedence of the EU law. The direct effect and the Immediate effect.
Internal market: free movement of goods, free movement of capital, free movement of persons, freedom of establishment and freedom to provide services.
EU integration process: Economic and Monetary Union. Coordination of economic and fiscal policies, common monetary policy, common currency (euro).
Common Commercial Policy. EU agricultural policy.
EU competition law. Cartels, abuse of dominant position of a firm. State aid. Granting exclusive rights.

LEARNING OUTCOMES:

The module commences with a discussion of the main historical elements of the creation and evolution of the supranational organisation that is the European Union. It considers what the purpose of the EU is, its values, objectives and fundamental principles. The module, also, examines the nature of EU law, its sources, its relation to national legal systems and the hierarchy of EU rules and its supremacy over national legal systems. The module also includes discussions on the case-law produced by the European Court of Justice and the General Court. An important part of the module is the Economic and Monetary Union and its significance to the economic integration which is believed to lead EU to a political union.

Upon completion of this course, the students will be able to:

Familiarise themselves with the European Union Law.
Understand the function of EU law and its critical role in the implementation of harmonised (to the extent that this is possible) policies within the 28 member states.
Be aware of the institutions of the EU,
Comprehend the structure of EU, and the law-making process in the EU.
Realise that the European courts contribute to the EU law system by interpreting the rules, applying them and sometimes forming principles out of them.
Answer questions, such as why is it so difficult to achieve the political union between 28 (so far) member states.

COURSE TITLE: COST ACCOUNTING

COURSE CODE: 12030003

SEMESTER: 3rd

ECTS: 6

Instructor: S. Goumas

SYLLABUS:

Function and purpose of cost accounting. Definition of cost, expenses, loss and income
Cost classification and cost behavior analysis
Functional structure of manufacturing companies
Cost-sharing and grouping of costs according to function
Cost of production – major components
Costing of raw materials, direct labor and overheads
Production and sales cost reports. The income statement
Intergraded accounts- costing independent of financial accounts
Methods of production and costing
Costing of services and processes
Costing of mass or continuous production
Accounting treatment for by-products, defective units and scrap
Costing of customized or personalized products
Overhead allocation.
Activity-based costing

LEARNING OUTCOMES:

The course aims to introduce students to the meaning and purpose of cost accounting. Through the course content, students will understand the basic meaning of cost, expense, irregular losses, income, cost centers, costing independent of financial accounts, intergraded financial and cost accounts, costing as a tool of administration.

TITLE: MARKETING

COURSE CODE: 12030001

SEMESTER: 3rd

ECTS: 6

Instructor: A. Alexopoulos, P. Artikis

SYLLABUS:

The core modules of the course include:

Introduction to Marketing
The Strategic Role of Marketing
Environmental Analysis
Consumer Behavior
Marketing Research
Marketing Mix
Market Segmentation
Target Market Judgment
Pricing Decisions
Distribution Decisions
Promotion Decisions
Product Life Cycle
Marketing Strategies Based on Product Life Cycle
Business and Marketing Implementation Strategies
Use of new technologies in marketing – social media marketing
Identification of Marketing Financial Services

LEARNING OUTCOMES:

The aim of this course is to help students understand the basic concepts and general principles of marketing and its importance in the operation and development of an enterprise, and familiarize them with all the processes and functions of marketing. In particular, the course focuses on the peculiarities of business marketing for the financial services industry.

Upon successful completion of the course students will be able to:

know the basic marketing concepts
understand the marketing mix
apply marketing strategies
understand the opportunities and threats for products and services
understand consumer behavior
cope with the peculiarities of financial services marketing

COURSE TITLE: FINANCIAL MANAGEMENT I

COURSE CODE: 12030004

SEMESTER: 3rd

ECTS: 6

Instructor: V. Panagou

SYLLABUS:

1.Statistical tools used in financial management
2. Time value of money
3. Basic concepts of financial management and financial environment
4. Analysis of financial ratios
6. Analysis of cash flows
7. Different types of funding costs (calculation of the weighted average cost of capital, WACC)
8. Capital investment analysis methods
9. Capital investment and risk
10. Break-even analysis and operating leverage
11. Financial leverage
12. Capital structure
13. Dividend Policy

LEARNING OUTCOMES:

Upon successful completion of this course students will be able to:

1) Measure risk and return and explain the trade-off between risk and return

2) Calculate the value of various financial assets

3) List the primary sources of capital and incorporate their cost when making investment decisions

4) Estimate project cash flows to distinguish between value-creating and value destroying investments

5) Estimate cash flows from a project, including operating, net working capital, and capital spending

6) Estimate the required return on projects of differing risk and how to use the required return in evaluating investment decisions

7) Apply the concepts of financial management to contemporary financial events

8) Estimate the cash flows from an investment project, calculate the appropriate discount rate, determine the value added from the project, and make a recommendation to accept or reject the project. Students will be able to communicate their decision using written and oral communications skills

COURSE TITLE: ACADEMIC ENGLISH

COURSE CODE: 12030006

SEMESTER: 3rd

ECTS: 0

INSTRUCTOR: E. Koutsogianni

SYLLABUS

The syllabus includes the following:

Grammar in EAP: Verbs (tenses, mood, passive voice, gerund/infinitive, modals); nouns; adjectives & adverbs; types of sentences; sentence connection; conditionals; indirect speech.

Reading: Strategies for reading academic texts (scanning, survey, skimming); vocabulary building; text structure and reference; note-taking.

Listening: Structure of spoken texts; taking notes; understanding reference.

Speaking: Spoken English features; spoken functions (describing, explaining, reporting, expressing opinion, agreeing and disagreeing, degrees of certainty, arguing); pronunciation of mathematical symbols and numbers.

Writing: The writing process; Paragraph unity and structure; methods of paragraph development; writing assignments (reports, essays, case studies) across the curriculum.

The balance of the components, and the weighting accorded to each one of them will be based on the specific needs of the students.

LEARNING OUTCOMES:

This course is designed to enable students to use English effectively in the academic contexts they will encounter in their studies. The course reviews and builds upon students’ grammatical command of English structures in order to enhance their written and oral performance in academic settings, and prepares them to proceed with more advanced and specialised writing /terminology issues. Emphasis is placed on key grammatical structures and opportunities for practice which incorporate grammatical knowledge into various skills areas. Strategies for developing their reading skills are also included.

Upon successful completion of the course, students should be able to:

understand the main ideas of listening excerpts and reading texts;
develop a strong understanding of the grammatical structures that are common in Academic English and demonstrate correct usage of specified grammatical concepts;

interact with a degree of fluency and participate in discussions on familiar academic topics;
compose texts of academic content – write a research report or other assignments across the curriculum.

Students also develop the skills required for self-directed study and learning, and the use of technology to improve their English competence.

COURSE TITLE: BUSINESS STATISTICS

COURSE CODE: 12030002

SEMESTER: 3rd

ECTS: 6

Instructor: M. Chalikias

SYLLABUS:

Inductive statistics. Excellent estimators, Sampling distributions, Variation, Central Limit Theorem, Distribution of proportional sampling, Distribution of sampling, Difference of two means and difference of two proportions.

Confidence intervals. Applications for dispersion, percentages, average price difference, percentage difference, etc.

Case control, Zero Case, Alternative Case, Criterion Test. Type I and II Errors. Level of statistical significance, a and p-values. Medium Assumption Test for large z-test samples. Medium Case Test for small test samples. Case Control- Unilateral and Bilateral Cases. Testing the Case of the medium when s is unknown. Testing the Case of the medium when s is known.

Correlation. Co-variation, Pearson / Spearman / Non-parametric Kendall correlation coefficients, Statistical significance test of the correlation coefficient, Variable correlation, Partial correlation, Comparison of correlations of independent and dependent coefficients.

Simple linear regression. Simple linear model, Simple linear regression hypotheses, Good adaptation evaluation, R ^ 2 determination factor, Statistical significance check of parameters.

LEARNING OUTCOMES:

Upon successful completion of the course, student will be able to:

Understand the meaning and usage of business statistics terminology
Present and/or interpret data in tables and charts
Understand and apply descriptive statistical measures to business situations
Understand and apply probability distributions to model different types of business processes
Understand and apply statistical inference techniques (including statistical estimation and hypothesis testing) in business situations
Understand and apply simple linear regression analysis
Use computer spreadsheet software to perform statistical analysis on data

COURSE TITLE: MANAGERIAL ACCOUNTING

COURSE CODE: 12040001

SEMESTER: 4th

ECTS: 6

Instructor: S. Goumas, P. Arsenos

SYLLABUS:

Meaning and Purpose of Managerial Accounting.
The role of managerial accounting in decision making
Full and direct costing. Contribution margin
Cost-Volume -Profit analysis. Breakeven point.
Master budget (explanation, usage, budgeting process)
Techniques for implementing a static or flexible budget
Budgetary control
Standard costing (explanation and usage)
Conditions for implementing a cost accounting system. Different types of standard costing
Standard cost per product unit and the calculation process (standard cost of raw materials, direct labor and overheads)
Analysis and calculation of variance from standard costs
Monitoring of variances and their use in decision making processes
Costing and Pricing
Table of balanced scorecards

LEARNING OUTCOMES:

The course aims to familiarize students with the principles and purpose of managerial accounting in the operation of a business. More specifically, upon completion of the course, students will be able to explain and apply a variety of cost and control techniques and tools used by management in planning and controlling the activities of a business. To that end, a targeted approach is applied so that students are able to understand:

direct and full costing
• the relationship between the cause and effect of a cost system
•budgeting
•standard Cost
•costing and pricing methods
•balanced scorecards

COURSE TITLE: TAX ACCOUNTING

COURSE CODE: 12040002

SEMESTER: 4th

ECTS: 6

Instructor: E. Impiksi

SYLLABUS:

The syllabus includes the following thematic units:

Hellenic accounting and tax standards (Chart of accounts- Corporate Law- L. 2190/1920, Tax Law- Direct and Indirect Taxation)
Accounting records (accounting books and data)
Classification of business entities. Sets of accounting books
Single-entry accounting books (of revenues and expenses) – VAT procedures (three-month period VAT returns)
Double-entry accounting books (journal, ledger etc.) – VAT procedures (one-month period VAT returns)
Accounting for branches
Consignment note. Applications
Invoices (simple and consolidated)
Receipt of goods and services.
Tax mechanisms, cash registers, special security tax provisions
Electronic invoicing, the authenticity and integrity of electronic invoices
Assurance credentials, preservation of accounting records

LEARNING OUTCOMES:

The aim of this course is to familiarize students with the provisions of the Hellenic Accounting Standards that are related to accounting recording procedures.

Upon completion of the course students will be able to:

apply the Hellenic accounting standards when recording a company’s financial transactions;
use effectively single- entry or double-entry bookkeeping systems;
make appropriate use of source documents;
clarify electronic invoicing, invoice authenticity, and ensure reliability of the accounting system.

COURSE TITLE: LABOUR LAW

COURSE CODE: 12040005

SEMESTER: 4th

ECTS: 6

Instructor: E. Papapetropoulou – Taliadourou

SYLLABUS:

The core modules of the course include:

Origins – historical evolution – protective function – Labour Law sources – sources’ hierarchy – International Labour Organization – EU Labour Law – general principles of Labour Law
Individual employment contracts – the dependence aspect – distinction from other legal relationships – prerequisites regarding validity of the contract – void contract
Forms of dependent employment relationships – fixed-duration and permanent employment relationships – apprentice contracts – stand-by duties – labour lending – special employment contracts – minors – disabled – managing directors – foreign workers
Personal autonomy and labour relations – limitations regarding employment contracts – limitations regarding the content of the contract – limitations regarding termination of contract – flexible forms of work – temporary agency work, telecommuting, organization of working time – part-time arrangements
Obligations of the employee – obligation to work – place of work – working time – working hours – leave – liability of employee – fiduciary duty
Obligations of the employer – notion and distinctions of salary – salary content – offsetting – salary protection
Legal structure of enterprises – notion of enterprise – managerial rights of employer – duty of care and welfare – unilateral harmful change of working terms – principle of equality – internal working rules – change of employer – collective redundancies
Suspension and termination – suspension pursuant to law and pursuant to term of contract – termination of fixed-duration and permanent contracts – prerequisites regarding validity of termination – consequences of void termination – termination on the employer’s part
Scope of collective Labour Law – trade union freedoms – constitutional guarantees – trade unions – categories, operation and dissolution of unions – protection of trade unions
Regulation of collective labour agreements – collective autonomy – notion of collective labour agreements – statutory and contractual terms – conclusion of agreements – typology – binding force – dispute resolution
Strike and lock-out – notion of strike – prerequisites regarding lawfulness of strike – forms and types – exercise of the right – consequences of lawful strike – consequences of unlawful strike – consequences of lock-out

LEARNING OUTCOMES:

The inclusion within the Programme of Studies of “Labour Law” constitutes a natural consequence of the development of the production relations in Greece and of the understanding that the active involvement of the modern-day citizen in the productive and administrative mechanisms requires basic knowledge of labour relations.

Moreover, the changes brought about by European legislation regarding the method of regulation between labour relations and capital constitute a major sociopolitical problem and touch upon substantial issues pertaining to the survival and security of the labour world as a whole. In this context, the close monitoring of said alterations is deemed as a necessary component and element of the teaching procedure.

Thus, the main goal of the module is the identification of the main institutions and principles of Labour Law, both individual and collective, with a view of a holistic assessment of the subject matter in general, and the working relations in Greece in particular.

Students upon successful completion of the module will be able to:

Understand the core principles and structures of Labour Law.
Apply labour legislation in practical subjects pertaining to their professional life, indicatively; drafting from an accountant or tax-consultant payroll charts, insurance contributions and work schedules.
Understand the legal framework regarding relations within the entrepreneurial environment in which – as members of the Accounting and Finance community – shall be called upon to demonstrate their professional skills.
Deal with basic subjects pertaining to the structure and application of collective labour relations, and in particular, to process collective labour agreements.
Respect difference and multiculturalism.
Show professional and ethical responsibility and sensitivity to gender issues.
Adapt to new situations.
Make effective decisions in labour matters.

COURSE TITLE: FINANCIAL MANAGEMENT II

COURSE CODE: 12040003

SEMESTER: 4th

ECTS: 6

Instructor: V. Panagou

SYLLABUS:

Cash planning
Future Financial Statements
Financial Equilibrium
Working capital management
Cash management
Short term investments
Inventory policy
Accounts receivable policy and management
Leasing
Venture Capital
Factoring & Forfeiting
Mergers & Acquisitions
Corporate failure prediction

LEARNING OUTCOMES:

The course develops further on Business Finance theory and applications, covering topics such as cash planning & management, working capital accounts management, and alternative financing instruments.

Upon successful completion of the course, the student is expected to:

Define company cash requirements and design a cash plan
Perform techniques for working capital management
Distinguish, evaluate and select appropriate financing policies and instruments
Assess capital structure and predict corporate failure

COURSE TITLE: FINANCIAL SYSTEM

COURSE CODE: 12040004

SEMESTER: 4th

ECTS: 6

Instructor: A. Hyz

SYLLABUS:

Money – Introduction to the basic concepts
Monetary aggregates
Money Supply
Financial System
– Direct financing
– Indirect funding
Interest rate theory
Supply and demand for borrowed funds
Primary financial instruments in the money market
Primary financial instruments in the capital market
Derivatives
Valuation methodologies
Supervision of the financial system

LEARNING OUTCOMES:

Upon successful completion of the course, students will be able to:

Describe the structure and operation of major financial institutions and markets in the context of the international financial system.
Determine the nature of the financial services.
Explain key financial theories and practices.
Evaluate short and medium to longer term financial instruments.
Analyze financial issues in corporate and investment settings.
Synthesize information and formulate an appropriate problem solving strategy.
Solve problems using analytical tools.

Finally, students will be able to calculate and analyze return rates of various financial products and explain the factors that determine it.

COURSE TITLE: ACCOUNTING APPLICATIONS WITH COMPUTER

COURSE CODE: 12050005

SEMESTER: 5th

ECTS: 5

Instructor: M. Rodosthenous

SYLLABUS:

Differences between Commercial Management and General Accounting
Accounting Systems
Specialized applications of classical accounting processes and practices
Explanation of management periods
Customization of commercial and accounting management programs, detailed coding of stored Goods, Customers and Suppliers.
Inventory (volume and value)
Keeping accounting records in accordance with the accounting standards (GAAP, Tax/ Trade/ Labor and Insurance Law)
Analysis and use of supporting documents
Document creation
Entries of accounting events (purchases, sales, collections, payments, securities)
Returns, discounts, cancellations of purchases and sales
Specialized applications using PC for payroll
Electronic submission of salary certificates and business fees

LEARNING OUTCOMES:

The course aims to introduce students to the techniques, methods and practices of financial accounting and commercial business management.

Upon successful completion of this course, students will be able to:

Understand the accounting information
Register the accounting events of the enterprise
Customize accounting events
Develop skills for the use of business and accounting management programs
Organize the accounting work in digital and non-digital environments

COURSE TITLE: HUMAN RESOURCE MANAGEMENT (HRM)

COURSE CODE: 12050001

SEMESTER: 5th

ECTS: 5

Instructor: D. Stavroulakis

SYLLABUS:

The core modules of the course include:

Meaning and content of HRM. Personnel management and HRM. Relation of HRM to other business functions.
Theoretical approaches to HRM, trends and developments. HR planning.
Job analysis, job description, job specification.
The function of recruitment. External and internal recruitment. Sources of recruitment. Evaluation of recruitment sources.
Personnel selection: processes & steps. Curriculum Vitae. Selection tests.
The selection interview. Types of interviews, practices & techniques.
Personnel education & training. Models of learning. General education & vocational training. Training needs analysis.
On the job training & off the job training. Evaluation of training. Management development.
HR appraisal. Philosophy and criteria of appraisal. Appraisal planning.
Appraisal systems, tools and forms. Appraisal problems. Appraisal errors.
Reward systems. Theoretical approaches, aims & content of rewards. Connection of performance to rewards.
Typology of standard and variable reward systems. Individual, group, and collective rewards. Problems of reward systems.
Labor relations. Relations with the trade unions. Work regulations. Disciplinary process. Administration of complaints. Health & safety at work.

LEARNING OUTCOMES:

Upon completion of the course, students will be able to:

-Comprehend in depth the theoretical framework and the basic principles of HRM

-Comprehend in depth the functions of HRM (job analysis, planning, recruitment, selection, training, appraisal, compensation)

-Understand the role of HRM strategy within the broader company strategy

-Describe and identify methods of personnel selection, evaluation systems, compensation systems

-Develop appropriate methods of human resource management according to the business context

COURSE TITLE: BUSINESS COMMUNICATION

COURSE CODE: 12050008

SEMESTER: 5th

ECTS: 5

Instructor: D. Stavroulakis

SYLLABUS:

The core modules of the course include:

Concepts, content, approaches.
History of communication. Communication as a social phenomenon.
The interactive model of communication. Communication media. Interpersonal communication.
Oral communication. Rhythm of speech, pauses, intensity, and voice tone. Influence techniques.
Written communication. Usage of words.
Body language. Intercultural communication.
Communication ethics, public opinion and mass media.
Business communication. Selection and use of communication media.
Formation of business messages. Business mission and vision.
Public relations.
Interactive business communication. Business meetings.
Crisis handling. Risk evaluation. Business communication planning.
Future challenges. New technology and novel communication media. Changes in public relations.

LEARNING OUTCOMES:

Upon completion of the course students will be able to:

– Acquire in-depth knowledge of the principles of oral and written communication

– Acquire in-depth knowledge of the principles of business communication

– Comprehend the function of public relations and mass communication

– Comprehend the importance of communication when confronted by crisis

– Describe and distinguish the particularities of the various communication media

– Implement effective business messages by applying the appropriate media

– Establish effective communication with entrepreneurs and executives of different cultural backgrounds

– Design a strategic communication plan within the business context

COURSE TITLE: INDIRECT TAX ACCOUNTING

COURSE CODE: 12050004

SEMESTER: 5th

ECTS: 5

Instructor: E. Impiksi

SYLLABUS:

The 13 week syllabus includes the following thematic units:

Scope of indirect taxation

Inflows and outflows related to VAT. Imposition of tax and tax base. Distribution of goods and services Tax rates. Periodic tax returns. Distribution of goods and services and its impact on VAT.
The method of tax credit. Inflows and outflows. Outflows: tax imposition, tax exemption, tax deduction.
Inflows: VAT on disbursements and expenses. Tax exemptions.
VAT and accounting. Analysis of transactions and recording of accounts using single or double –entry bookkeeping systems.
VAT issues within EU and with non- EU countries. Intrastat. Listing.
Chart of Accounts and VAT. Accounting entries for VAT transactions.
Pro-rata (in proportion) VAT taxes.
VAT on fixed assets and five-year period arrangements. Accounting treatment.
Categories of special VAT.
Calculating VAT due for private use and self-supply of goods and services.
Reclaiming VAT. The case of agricultural workers.

Τax liability and taxable entities. Accounting treatment (simple and trilateral transactions).

LEARNING OUTCOMES:

This course provides an overview of the basic structure of indirect taxes and covers key concepts in the field. At the end of this course, students will be able to analyze indirect taxes; more specifically, the Value Added Tax (VAT).

Upon completion of the course students will be able to:

describe transaction types related to VAT;
recognize the transactions subject to VAT;
indicate VAT application, differentiation of application, and VAT compliance and attendance;
relate transaction amounts to VAT liability.

COURSE TITLE: FINANCE & BANKING LAW

COURSE CODE: 12050006

SEMESTER: 5th

ECTS: 5

Instructor: A. Dedouli

SYLLABUS:

The core modules of the course include:

Bank of Greece and monetary policy
Aims and competences
Bank Administration and Decision-Making Bodies
Credit Institutions: granting of credit, payment systems
Bank guarantees
Bill of exchange, check.
Documentary credits
Factory, forfeiting, leasing
Private equity funds

LEARNING OUTCOMES:

Upon completion of the course, students will be able to:

Understand the organisation and function of credit institutions and their activities
Comprehend the role of the Bank of Greece and the role of European Central Bank of the Eurozone in implementing monetary policy
Understand banking supervision
Understand bank deposits
Understand the granting of credits and payment systems
Define documentary credits
Distinguish between factoring, forfeiting, leasing

COURSE TITLE: INCOME TAXATION

COURSE CODE: 12050003

SEMESTER: 5th

ECTS: 5

Instructor: A. Kexagias

SYLLABUS:

Introduction, concepts, objectives of taxation, permanent residency, taxable income
Employment income and pension income, tax deductions for general expenses, medical expenses, donations
Business activity income, benefits in kind, tax in advance, tax withholding, tax-equivalent yield, tax deductible and non deductible business expenses
Tax depreciation, provision for doubtful debt, tax reform results, completing and submitting tax returns
Capital income (dividends, interest, entitlements to be collected), real estate, tax rates, surplus income tax (real property and securities transfer tax)
Indirect control techniques
Tax liability. Tax exemptions for legal entities, profits from corporate activity
Deductible and non deductible business expenses
Intercompany dividends, intercompany transactions
Tax rates, taxation of sole proprietorships and general partners
Corporate taxation (capital companies, Société Anonyme etc.) Taxation of cooperative corporations
Withholding tax, retention tax, tax in advance, tax reform results. Tax return completion and submission

LEARNING OUTCOMES:

The course aims to develop the issues related to income taxation (personal and corporate) in accordance with the legislative provisions. It also aims to introduce students to the methodology of estimating and calculating accounting information and tax liability.

Upon successful completion of the course, students will be able to

distinguish sources of income;
distinguish between deductible and non deductible expenses;
apply tax code provisions;
calculate tax for natural and legal persons;
complete printed matter tax forms.

COURSE TITLE: BUSINESS STRATEGY AND POLICY

COURSE CODE: 12050002

SEMESTER: 5th

ECTS: 5

Instructor: A. Hyz

SYLLABUS:

Environmental analysis
Internal analysis
Corporate mission and vision
Competitive strategies
Directions of strategic development
Internationalization
Evaluation and implementation of Alternative Strategies

LEARNING OUTCOMES:

The main aim of the course is the consolidation of the knowledge acquired by students during their studies of the business environment. Specifically, during the course students will understand the necessity of business strategy and the role it plays in the complex and rapidly changing business environment. They acquire knowledge of the basic concepts and methods used in strategy formulation and implementation tools to ensure competitive positioning in the market (development of competitive advantage). Upon successful completion of the course, student will be able to:

describe the factors of the macro- and micro-environment of a business,
explain and analyze basic forces that determine the competitiveness of industry,
distinguish basic types of strategies and analyze their characteristics,
generate effective solutions to problems of organizational performance,
independently assess and/or predict business performance based on the detailed analysis,

of a specific problem, case, or company,

use methodologies to assess a company’s strategic choices,
evaluate organizational strategies, structures and strategy implementation.

COURSE TITLE: MARITIME ECONOMICS AND FINANCE

COURSE CODE: 12050007

SEMESTER: 5th

ECTS: 5

Instructor: Th. Stamatopoulos

SYLLABUS:

Maritime transport and the global economy
The organization of the shipping market
Shipping market cycles
Offer, demand and fare prices
The four shipping markets
Costs, revenues and cash flows
The financing of ships and shipping companies
Risk, performance and finances of the shipping company
Maritime trade and transportation systems
Shipping services
The finances of shipbuilding
The regulatory framework of the shipping industry
Shipping and market research

LEARNING OUTCOMES:

Upon successful completion of the course, student will be able to:

– Understand the organization and operation of shipping companies,

– Understand the structure of the charter and ship market,

– Distinguish between different shipping financing tools.

COURSE TITLE: FINANCIAL STATEMENT ANALYSIS

COURSE CODE: 12060001

SEMESTER: 6th

ECTS: 6

Instructor: N. Sykianakis

SYLLABUS:

Introduction to Financial Statement Analysis
Fundamental Financial Statements & financial reporting
Technical Analysis, Cross sectional analysis & trend analysis
Working capital reporting & management
Profitability Analysis
Activity ratios
Short-term Liquidity analysis
Cash Flow Statement reporting
Cash Flow Statement analysis
Capital Structure ratios
Investor ratios
Business Valuation and Dividend policy
Case studies

LEARNING OUTCOMES:

The course focuses on the use, analysis and interpretation of accounting information disclosed in the financial statements in order to assist company evaluation and decision making related to resource allocation. Also, it deals with estimates on the value of the firm and its prospects for long-term survival.

Upon successful completion of the course, students are expected to:

Comprehend the structure of financial statements
Interpret financial information disclosed in the financial statements
Perform financial analysis with the use of various analytical techniques
Compute and assess financial ratios
Evaluate managerial performance and predict corporate solvency or failure
Compare financial information among similar firms and sectors of the economy
Assist resource allocation and decision – making

COURSE TITLE: BUSINESS ENGLISH

COURSE CODE: 12060002

SEMESTER: 6^st

ECTS: 4

Instructor: E. Koutsogianni

SYLLABUS:

Academic Readings on the following specialized topics (accompanied by text comprehension and interpretation exercises and terminology practice exercises)

Economics and the Business Environment
Types and Legal Forms of Business Organizations
Accounting Defined/Employment Opportunities in Accounting
Accounting Principles
The Accounting Cycle/ Depreciation
Financial Statements
Analysis of Financial Information (Financial Ratios/ Working Capital/ Cost Classification/CVP Analysis)
Budgeting
Sources of Capital-Capital Structure
Money and Banking
Fiscal Policy and Taxation
Business in the Global Environment
Management Functions and Roles
Marketing Processes

Writing Skills

Structuring and organizing expository texts
Structuring an argument
Methods of paragraph development (example, cause and effect, process analysis, comparison and contrast, classification)
Describing factual information presented in graphical form
Writing abstracts and summaries

LEARNING OUTCOMES:

The aim of this course is to provide students with essential reading and writing skills in Business English that will enable them to function effectively in a variety of academic and professional settings.

More specifically, upon completion of the course students will have acquired:

reading efficiency for using textbooks, reference material and other sources written in English;
knowledge of key terms and expressions in their subject area;
competence to decode and reproduce academic texts from English to Greek and Greek to English;
essential writing skills in English that will enable them to write academic essays, that contain a clear thesis, unified coherent paragraphs and relevant supporting details, supported by assigned readings with proper citation;
oral presentation skills;
oral communicative competence.

The course also aims to engage students in collaborative learning through group work.

COURSE TITLE: CORPORATE ACCOUNTING

COURSE CODE: 12060003

SEMESTER: 6th

ECTS: 5

Instructor: A. Lekarakou

SYLLABUS:

Explanation of company types and forms. Corporate business legal forms according to Trade Law.
Personal, Capital and Mixed Companies. Advantages and disadvantages.
General partnership (basic characteristics and procedure of registration, capital and corporate contributions). Accounting practices for general partnerships.
Taxation and distribution of result. Dissolution and Liquidation.
Limited partnership (characteristics and particularities of limited partnerships. Accounting recordings, taxation and distribution of results.
Société Anonyme (characteristics, legal and capital requirements, management structure). Accounting recordings for SA, increase and reduction of share capital.
Taxation and profit distribution
Private Capital Company (IKE)(characteristics, management structure, capital-funding requirements, taxation).
Limited Partnership ( characteristics, registration requirements, administration, taxation and distribution of results).
Dissolution and Liquidation procedures of a Société Anonyme and a Limited Partnerships.
Mergers and corporate conversions.

LEARNING OUTCOMES:

The course aims to introduce students to the characteristics and peculiarities of Corporate business. Specifically, it aims to provide students with knowledge and skills that will enable them to manage accounting procedures for registering a firm, and implement taxation practices in accordance with the legislation.

COURSE TITLE: ACCOUNTING FOR GROUP OF COMPANIES

COURSE CODE: 12060004

SEMESTER: 6th

ECTS: 5

Instructor: A. Filiou

SYLLABUS:

Week 1: Business Collaboration
Week 2: Accounting for Investments
Week 3: Acquisitions & Mergers
Week 4: Accounting for acquisitions
Week 5: Accounting for mergers.
Week 6: Consolidation of Financial Statements: The Balance Sheet
Week 7: Minority Rights and Unification Differences
Week 8: Consolidation of Profit and Loss Accounts
Week 9: Corporate Action and Consolidation
Week 10: Indirect entries
Week 11: Mutual participation
Week 12: Capital transactions between group companies
Week 13: Intra-group transactions

LEARNING OUTCOMES:

Upon successful completion of this course, students will be able to:
-Evaluate entries and securities

-Understand the concepts and actions related to Acquisitions and Mergers as well as their accounting treatment.

-Understand the integration framework according to Greek and international accounting standards.

-Distinguish and compile consolidated financial statements.

-Understand and monitor the accounting transactions and transactions between group companies.

-Understand the nature and accounting monitoring of other types of business collaborations and mergers.

COURSE TITLE: ACCOUNTING INFORMATION SYSTEMS

COURSE CODE: 12060005

SEMESTER: 6th

ECTS: 5

Instructor: S. Goumas, G. Karakousi

SYLLABUS:

Meaning and advantages of Accounting Information Systems. Integrated Accounting Information Systems. Computerized support for single- entry accounting. Customizing for creation of businesses and years. Comparative presentation and evaluation of accounting information in single-entry and double-entry systems.
Creation, modification and deletion of columns in accounting books, daily operating procedures of an accounting department.
Customizing for business creation and years that keeps double-entry accounting books.
Creation, modification and deletion of accounts according to Greek GAAP.
Computerized support of double-entry bookkeeping using accounting packages E.R.P.
Computer aided specialized applications recording fixed assets in Fixed Asset Register.
Cash and bank accounts auditing.
Control of accounting transactions. Trial Balances. Monitoring and analytic tools.
Posting entries to ledgers. Preparing statements for KEΠΥΟ.

Preparation of financial statements in accordance with GAAP.
VAT monthly clearing accounts. Periodical statements for VAT.
Closing the Books.
Financial Analysis softwares. Techniques for financial ratio analysis.

LEARNING OUTCOMES:

The course aims to introduce students to Accounting Information Systems, and provide them with the skills needed to manage working tasks effectively in the competitive business environment. This practical course gives students the opportunity to apply theoretical knowledge acquired in their studies to practical matters, in particular to develop skills in using Accounting Information Systems(ERP) in planning and control activities.

COURSE TITLE: INTERNATIONAL FINANCE

COURSE CODE: 12060006

SEMESTER: 6th

ECTS: 5

Instructor: Ch. Axioglou

SYLLABUS:

International economy
Evolution of the theories of international trade
Contemporary theories and applications of international trade
Tarrif and non-tarrif protection
Macroeconomics of exchange rates and open economy: the market of exchange and fixing rates
Futures market exchange
Mechanisms of adjusting the balance of payments
International flows of commodities and capital
The tendency for globalization and its consequences

LEARNING OUTCOMES:

Upon the completion of this course, students will be able to

build the theoretical background for a sufficient understanding of international economics;
comprehend the reasons for the economic changes that happen globally as the result of the interaction of individual policies, and the differences between countries, through studying the traditional and contemporary theories of international trade, special issues of macroeconomics and international finance.

COURSE TITLE: ENTREPRENEURSHIP AND INNOVATION

COURSE CODE: 12060008

SEMESTER: 6th

ECTS: 5

Instructor: D. Stavroulakis

SYLLABUS:

The core modules of the course include:

Entrepreneurship: Content, definitions, theoretical approaches
Personality traits of the entrepreneur, motivation, and demographics. Similarities and differences between entrepreneurs and managers. Intrapreneurship
Entrepreneurial Intention. Global Entrepreneurship Monitor (GEM). Early- stage entrepreneurial activity and established entrepreneurship. Opportunity and necessity entrepreneurship. Economic crisis & business activity
Implementation of a business idea. Business Plan
Startups strategy. Analysis of market and competition
Finance & accounting software for startups. Marketing plan for a startup.
Small business
Family business
Alternative forms of small business. Self-employment. Teleworking. Homepreneurship.
Youth entrepreneurship. Female entrepreneurship
Entrepreneurship & innovation. Economic exploitation of inventions. Patents license. Excellence Centers. Spin-offs.
Financing & support of startups. Institutional framework. Investment incentives & developmental programs. Training & development of new entrepreneurs.
Networking of startups. The model of Silicon Valley. The model of Third Italy. Technopoles, technological districts, business clusters, networks, incubators.

LEARNING OUTCOMES:

Upon the completion of the course students will be able to:

-Understand the importance of entrepreneurship as a tool for development, the basic principles of entrepreneurship, the concept and basic principles of innovation

-Describe and distinguish the typologies of entrepreneurship, the financial sources for startups, the modes of business networking

-Design business plans

-Develop capabilities and skills necessary to assume entrepreneurial activity

-Implement theoretical knowledge acquired by designing a small virtual enterprise.

COURSE TITLE: QUANTITATIVE METHODS IN FINANCE

COURSE CODE:

SEMESTER: 6th

ECTS: 6

Instructor: M. Chalikias

SYLLABUS:

Multiple regression. Introduction of independent variables, Model comparison, Pseudo-variables, Model control, Multilinearity, Humor, Self-correlation – Durbin-Watson factor
Chronological series. Four key components of a chronological order (long-term trend, cyclical fluctuation, seasonal fluctuations, random movements), chronological order analysis, Study – measurement of long-term trend, measurement of seasonal variation.

LEARNING OUTCOMES:

The aim of this course is to acquaint students with the appropriate quantitative methods for presenting and estimating accounting information presented in the financial statements of companies. Upon completion of the course, students should be able to collect, quantify and use appropriate statistical methods of business data; draw useful conclusions and calculate probabilities of achieving business goals, use, in addition to case controls and confidence intervals, chronological series and multivariate analysis of large volume of data.

COURSE TITLE: INTERNATIONAL ACCOUNTING and FINANCIAL STANDARDS

COURSE CODE: 12070001

SEMESTER: 7th

ECTS: 6

Instructor: M. Rodosthenous

SYLLABUS:

Introduction to international accounting standards (I.A.S / I.F.R.S. & US G.A.A.P)
Accounting Standard – setting bodies. Framework for the Preparation and Presentation of Financial Statements
The Financial Statements under IAS. Presentation of Financial Statements and Cash Flows
Interim Financial Reporting
Identification, measurement and accounting manipulation of Assets. Tangible Assets and Non –Current Assets held for sale
Investment Property
Intangible Assets. Leases
Impairment of Assets
Inventories. Fair value
Accounting for Government Grants. Borrowing Costs
Provisions. Income
Employee benefits. Income taxes
Business Combinations and Consolidated Financial Statements

LEARNING OUTCOMES:

The course aims to provide students with specialized knowledge in international accounting standardization. More specifically, to comprehend the International Accounting Standards and the International Financial Reporting Standards (IAS & IFRS) so that they apply them to all form of business entity accounting recordings, in the process of preparation and presentation of financial statements of companies, in compliance with legislation and standard rules and regulations.

Upon the successful completion of this course student will be able to:

prepare and present financial statements, both interim and annual, in accordance with the requirements of IAS and IFRS;
identify and evaluate financial information of business entities in accordance with IAS and IFRS;
identify revenues, expenses and the comprehensive income of business entities under IAS and IFRS;
control and determine the impairment of business assets;
evaluate and control current and non-current assets.

COURSE TITLE: Auditing

COURSE CODE: 12070002

SEMESTER: 7th

ECTS: 6

Instructor: D. Charamis

SYLLABUS:

Introduction to auditing
History of auditing
Code of ethics
The audit profession
Internal audit
Audit acceptance process
Audit planning
Audit sampling
Audit standards
Audit documentation
Substantive tests (Sales & purchases cycle)
Substantive tests (year-end)
The audit report

LEARNING OUTCOMES:

The course focuses on the role of auditing in the modern economy as well as on various external/internal auditing techniques. Also, topics discussed concern the audit profession, auditing standards and practices in Greece, auditing services provided and finally, auditors’ code of ethics.

Upon successful completion of the course, students are expected to:

Define the nature and importance of auditing
Comprehend the institutional framework concerning the auditing profession both internationally and in Greece
Distinguish the various auditing services and related practices
Design and apply an audit plan

COURSE TITLE: SPECIAL TOPICS IN ACCOUNTING

COURSE CODE: 12070003

SEMESTER: 7th

ECTS: 6

Instructor: A. Lekarakou

SYLLABUS:

Subsidized assets
Sales of fixed assets -use of different methods of accounting and tax depreciation
Donation of assets
Returnable and non-returnable packaging processes
Export orders, advance payments
Property revaluation, surplus capitalization, surplus calculation, surplus taxation
Inventory deviation, devaluation of goods
Destruction and donation of goods
Transactions in foreign currency. Cash valuation. Receipts, disbursements and valuation of short – term liabilities in foreign currency.
Credit liabilities or loans in foreign currency for fixed asset acquisition
Other long-term liabilities in foreign currency
Government subsidies. Financial assets
Financing and operating leasing

LEARNING OUTCOMES:

The course aims to introduce students to the financial accounting principles in accordance with the Greek Accounting Standards, and to apply theoretical financial knowledge to practical applications.

Students will also realize the role of uniformity in accounting practices and the consequent facilitation of procedures.

Upon the successful completion of the course students will be able to

organize accounting recordings for asset acquisition and sale
deal with grants and donations
record transactions in foreign currency
estimate accounting information
evaluate accounting information and longitudinal data

COURSE TITLE: ENGLISH FOR BUSINESS COMMUNICATION

COURSE CODE: 12070004

SEMESTER: 7th

ECTS: 6

Instructor: E. Koutsogianni

SYLLABUS:

Business Communication Skills

Introduction to Business Communication course: The functions of business communication / Written and Oral communication in business /Style and Register
Basic Sentence Grammar/Cohesion/Punctuation
English for Socializing: introducing yourself, welcoming a visitor, offering/accepting hospitality, talking about your work, ending a conversation
Letters of Inquiry, Responses to Inquiries, Quotations
Orders, Order Acknowledgement, Advice of Dispatch, Incoterms
Collection letters
Letters of Complaint and Letters of Adjustment
Conducting Meetings: expressing opinions, making suggestions, agreeing/disagreeing, negotiating
Writing minutes
Banking and Credit Letters
Telephone Communication: taking/leaving messages, making arrangements
Writing memos and e-mails
Writing a Business Report; Incorporating Graphics in writing: describing trends, expressing proportions, dealing with numbers
Making an oral business presentation

Career skills

Participating in job interviews
Writing the Application or Cover letter; Resume and CV writing

LEARNING OUTCOMES:

The aim of this course is to develop students’ communication skills in the English language that will enable them to function effectively in a business environment. The course offers a practical approach to corporate communication that includes training in the principles and key elements of business writing and the effective delivery of oral presentations. The course content focuses on selected written and oral forms of communication related to topics and issues critical to students of Business Studies.

Upon successful completion of this course, students should be able to:

write effective and concise letters, memos and emails employing appropriate business format;
prepare informal and formal reports that include analysis and offer recommendations;
participate in meetings and conduct proper techniques in telephone usage;
summarise personal achievements and skills in appropriate formats for future employers or academic institutions;
summarise personal achievements and skills in appropriate formats for future employers or academic institutions;
perform effectively interviews;
prepare and deliver an oral presentation utilizing electronic software;
realize the impact of language usage on applying business etiquette to a variety of professional situations;
recognize the importance of cultural differences and how they affect communication in a business environment.

COURSE TITLE: Portfolio Management

COURSE CODE: 12070005

SEMESTER: 7th

ECTS: 6

Instructor: A. Hyz

SYLLABUS:

Introduction
Bonds valuation
Stock valuation
Portfolio and capital market theory
Investor profile
Resource allocation
Market efficiency
Portfolio formulation and management
Mutual funds
Risk management
Derivatives
Risk and return assessment
Case studies

LEARNING OUTCOMES:

The course focuses on issues and techniques of portfolio management and risk management, in order to assist investors formulating an optimum portfolio according to their risk profile.

Upon successful completion of the course, students are expected to:

Comprehend the nature and function of capital market and the world economy
Apply modern financial instruments
Manage financial risk
Valuate bonds and stocks
Suggest investment strategies
Appraise financial information concerning alternative financial products
Assist resource allocation decision – making

COURSE TITLE: BUSINESS ETHICS AND CORPORATE GOVERNANCE

COURSE CODE: 12070006

SEMESTER: 7th

ECTS: 6

Instructor: N. Sykianakis

SYLLABUS:

The core modules of the course include:

Main philosophical elements in ethics
Corporate governance (as a system of principles that safeguards legitimate interests of stakeholders)
Aims of corporate governance: transparency in shareholder communication; disclosure of information; fraud prevention.
Corporate social responsibility (toward employees, natural environment, culture, and society)
Significance of the Code of Ethics and Deontology in corporations
Reputation management (enhancing a company’s recognition and reputation)

LEARNING OUTCOMES:

Upon completion of the course, students will be able to:

explore the way business ethics and culture are defined and the way social responsibility is formulated within a company;
understand that companies, under the social responsibility duty, have to protect the legitimate interests of shareholders, employees, customers, and the community and show respect to the environment, especially when it is affected by the company’s activities;
familiarize themselves with the reasoning of business ethics and deontology;
apply the principles and the rules of corporate governance.

COURSE TITLE: Public Finance

COURSE CODE: 12070007

SEMESTER: 7th

ECTS: 6

Instructor: Ch. Axioglou

SYLLABUS:

The causes of state intervention in economy
Social welfare, Public goods and external economies
Policy instruments of decision making, Public goods choice theory
Public enterprises
Revenues, expenditure, public lending, public debt
Multipliers
Government budget
Interest theory
Interest effect
Public expenditure
Monetary and fiscal policy
Social crisis and political opposition
State crisis and social politics

LEARNING OUTCOMES:

Upon completion of the course, students will be able to:

understand the role of public sector,
comprehend the intervention politics in economy,
analyze the challenges and issues facing the public sector during the financial crises of the twentieth century

COURSE TITLE: ACCOUNTING FOR SERVICE COMPANIES

COURSE CODE: 12080001

SEMESTER: 8th

ECTS: 6

Instructor: A. Lekarakou

SYLLABUS:

Explanation of concepts (allotment, guarantee commitment, overbooking, under booking, tour operator, etc.). Time sharing contract, legislation and accounting recordings
Capacity ratio; cost, income and earnings ratios. Local authority taxes, VAT on all-inclusive or full board services, reduced VAT rate, prorata
Main Courante and application examples
Purchase, construction, loans, subsidy, valuation of fixed assets
Supplies, packaging materials. Raw materials. Inventory management, valuation, destruction
Customers and customer advance payments, account management, orders
Labor issues (seasonal employment, payroll calculation, special contacts)
Concepts in shipping: categories of ships, legal provisions, units of measurement (net tonnage, gross tonnage, deadweight), shipping documents, ship classification society, freight agent, agent, insurer, charterers, P & I clubs, demurrage, dispatch, claims, average, towing, pilot.
Ship flag, registration procedures, legislation, taxation under the Greek flag
Legal forms of shipping companies in the Greek jurisdiction (L 959/79, 849/78, 2687/53, 89/67, 27/75, 3182/03)
Methods of ship acquisition, accounting recordings during the construction period (ΜΟΑ, Bill of Sale)
Charter contracts, special terms of contracts and accounting treatment (voyage charter, time charter, bare boat charter), agents accounts and exchange rate variances, ship insurance, Clubs, surveys, classification societies
Master’s General Account

LEARNING OUTCOMES:

The course aims to discuss accounting issues related to service companies. It provides students with essential skills and accounting practices applied to service companies. The course focuses on tourist enterprises and shipping companies.

Upon the successful completion of the course students will be able to

explain the concepts and terms related to tourism and shipping enterprises;
implement ship acquisition procedures;
estimate legal discrepancies as of the various forms of shipping companies;
analyze and make recordings from Master’s account;
keep the main courante;
treat special VAT topics of service companies;

keep books of service companies.

COURSE TITLE: PUBLIC ACCOUNTING

COURSE CODE: 12080002

SEMESTER: 8th

ECTS: 6

Instructor: S. Goumas

SYLLABUS:

Meaning and purpose of Public Accounting. Financial statements for public accounting (budget, reports, balance sheet)
State budget, principles of budget preparation. Public revenues and expenses. Registry of commitments, budget execution of income and expenditures
Public accountability. Public procurement
Annual report and government balance sheet
Control of public management, Auditors, General Accounting Office
Accounting Standardization for the Public Sector
Required adjustments to Public Accounting for the adaptation in Accounting Standardization. Accounting Bases (Cash, Accrued, Adjusted Cash Bases)
Transition processes for Public Accounting in the double-entry accounting system. Opening inventory. Content and function of general accounts in the Public Sector.
Memo Accounts for Public Accounting
Material handling principles, current transaction monitoring, fixed asset register maintenance for legal entities under public law (ΝΠΔΔ). Collaboration of General and Public Accounting
Determination of financial results for legal entities under public law (ΝΠΔΔ)

LEARNING OUTCOMES:

The course aims to introduce students to the particularities presented in Public sector accounting with reference to double-entry bookkeeping. It also aims to provide students with the skills and techniques (e.g. application of sector-specific charts of accounts) that aid to effective implementation of public accounting practices.

COURSE TITLE: BANK ACCOUNTING

COURSE CODE: 12080003

SEMESTER: 8th

ECTS: 6

Instructor: P. Arsenos

SYLLABUS:

The 13 week syllabus includes the following thematic units:

Introduction to banking terms. The Chart of Accounts for the Banking Sector in the framework of the Hellenic General Chart of Accounts
Bill of exchange discounting. Loans in arrears
Loan granting secured by bill of lading
Loan granting secured by inventory
Loan granting secured by bills of exchange. Factoring
Financial operation and accounting depiction
Sight deposits, savings deposits, and fixed-time deposits
Other types of deposit accounts, Bonds, Promissory notes
Exchange: Granting, deposits, and exchange rate difference
Profit calculation and income taxation of banks
Bank financial statements and ratio analysis
Categories of derivative accounts (Futures & Options in FTSE/XAA-20-40-Hedging)
Financial tools

LEARNING OUTCOMES:

The aim of this course is to provide students with skills that will enable them to apply Financial Accounting knowledge to banking sector activities, in accordance with the chart of accounts for banks. Upon completion of the course students will be able to:

distinguish between active, passive and transfer banking activities;
make recordings of accounting events in accordance with the chart of accounts for the banking sector;
understand the banking operations of derivatives;
analyze bank financial statements and compute financial ratios.

COURSE TITLE: RISK MANAGEMENT

COURSE CODE: 12080004

SEMESTER: 8th

ECTS: 6

Instructor: P. Artikis

SYLLABUS:

Introduction to risk management
The objectives of risk management
Enterprise Risk Management (ERM)
Individual and corporate risks
The impact of risk management in business valuation
Damage control
Insurance
Risk retention, ART tools
Use of derivatives for hedging risk
Risk analysis tools
Mathematical models in assessment of risk-applications
ERM in insurance companies

LEARNING OUTCOMES:

Upon completion of this course, students will have gained an in-depth understanding of risk management in the corporate environment, so they will be able to quantify the risks involved in business and avoid potential pitfalls.

COURSE TITLE: BANK FINANCIAL MANAGEMENT

COURSE CODE: 12080005

SEMESTER: 8th

ECTS: 6

Instructor: Ch. Axioglou

SYLLABUS:

Basic concepts- terms of banking financial management
Analysis of bank effectiveness
Bank risk management
Liabilities and Liquidity Management
Explanation of liquidity and solvency
Interest rate risk management (GAP analysis, duration analysis, Interest Rate Risk Management)
Liquidity risk management (internal and external sources of capital, calculation of bank liquidity, relationship analysis between liquidity and profitability)

LEARNING OUTCOMES:

The main purpose of the course is to introduce students to some basic elements of bank financial management. The course structure includes: bank accounts (bank balance sheet, bank income statement), the risks facing bank financial managers, performance analysis using financial ratios, interest rate risk management.

Upon successful completion of the course, student will be able to:

Identify the functions performed by credit institutions in the financial system;
Analyze the main mechanisms of credit risk transfer developed by banks;
Describe the nature of financial management in “a basic retail bank”;
Identify the risks facing bank financial managers;
Explain the need to adapt risk management procedures to an increasingly international financial system;
Analyze the relationship between bank performance and capital adequacy;
Synthesize information and formulate an appropriate problem solving strategy.

COURSE TITLE: FINANCIAL DERIVATIVES

COURSE CODE: 12080006

SEMESTER: 8th

ECTS: 6

Instructor:

SYLLABUS:

Derivatives and financial markets
Share options on shares
Optional rights strategies
Rights of choice on foreign currencies
Rights of choice over other underlying titles
Future fulfillment contracts
Term contracts
Exchanges
Specialized derivatives
Credit risk derivatives

LEARNING OUTCOMES:

To explore and understand the different type of derivatives as tools for hedging financial risk in the various financial markets

Undergraduate Studies

UNIVERSITY OF WEST ATTICA

DEPARTMENT OF ACCOUNTING & FINANCE

You can also view the “Undergraduate Study Program” by clicking here.

1. UNDERGRADUTE STUDY PROGRAM: GENERAL CHARACTERISTICS

1.1. Degree Awarded

1.2. Duration of Study

1.3. Number of academic credit units (ECTS)

1.4. Level of title/degree

1.5. Options

1.6. Prerequisites for academic title (degree) completion

2. PROGRAM STRUCTURE WITH TEACHING HOURS, WORK LOAD AND ACADEMIC CREDITS (ECTS)

3. DESCRIPTION OF THE COURSES

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