General Principles of Accounting are part of the field of Financial Accounting and constitute basic knowledge for students of a Business and Organisation Management department. They reflect the financial transactions that occur in the financial life of a business.

Upon successful completion of the course, students will possess the following Knowledge, Skills and Competencies:

Knowledge: to prepare a balance sheet and an income statement. To identify the relevant accounting problems that arise in the modern business environment. Recall the relevant accounting theory. Identify the good accounting practice to be followed. Correct accounting errors. To distinguish accounts according to their content and nature. Select from the accounts of the general accounting system those accounts which are necessary to reflect correctly the transactions of an enterprise.

Skills: To apply theoretical knowledge and solve complex accounting problems likely to arise in a specialised business environment. Consider alternative bases for valuing assets and liabilities. Produce accounting information through the preparation of annual financial statements.

Competencies: To design an integrated enterprise accounting system. Actively participate in the organisation and development of an accounting department of a modern enterprise. Evaluate the efficiency of the accounting system of an enterprise and its accounting department and propose actions for improvement. reorganise an accounting system or an accounting department in order to increase its efficiency.

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Decision-making

Autonomous Work

Promoting free, creative and deductive thinking

The course is developed in 13 units, in corresponding lectures:

1.Introduction to accounting

2.Property-inventory-balance sheet

3.Changes in assets and their monitoring by successive balance sheets

4.Accounts (meaning, significance, opening)

5.Accounts (function, equation, closing)

6.Accounting data and books

7.Accounting errors and their correction

8.Distinction of accounts according to their nature or content

9.Concept of the accounts in the general accounting system

10.Function of the accounts of the general accounting system

11.Valuation of the enterprise's assets (fixed assets, equity, debt securities)

12.Valuation of the enterprise's assets (stocks, receivables, payables)

13.Valuation of the enterprise's assets (reserves, other assets)

Language of Evaluation: Greek

Evaluation method.

(a) Written progress (30%)

(b) Written work (10%)

(c) Written final examination (60%)

Including:

- Short answer questions

- Solving problems related to illustration of financial transactions of a business

Vasileiou, D. & Iriotis N. (2013), Principles of financial accounting, 2nd edition, Athens.

Papas, A. (2013), Introduction to financial accounting: Theoretical issues, questions and answers, solved exercises, Athens: C Publications. Theory, concepts, theoretical and practical exercises, theoretical and practical examples, principles of accounting, principles of analysis, concepts of accounting, concepts of financial accounting.

Ballas, A. & Hevas, D. (2011), Financial accounting, 3rd edition, Athens: Publications G. Benevas, Athens, Greece. Athens, Athens University of Economics and Business Administration, Athens.

Papadeas, P. (2010), Financial accounting information: Basic theory and use at national & European level, 1st edition, Athens: Private Edition.

Atrill, P. & McLaney E. (2010), Financial accounting for decision making, translation by Marina Michou, 1st edition, Thessaloniki: University Studio Press.