Course Modules

Core Modules

FINANCIAL ACCOUNTING

Module Description

Full Module Description:
Mode of Delivery:  Lectures 
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

 The aim of the course Financial Accounting is to emphasize on special topics of Financial Accounting theory and practice, and focus on the accounting methods for the analysis of the whole accounting cycle of firms. Also, in this course the accounting principles are examined, such as procedures and rules of the Greek accounting standards. Case studies are important tools for the successful development of this course.

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

-manage advanced financial accounting procedures 

-implement accounting techniques for the valuation of intangible and tangible assets 

-utilize the revaluation of assets and the depreciation, owner’s equity, as well as the liabilities.

 -propose the most appropriate approach to solve accounting problems.  

 

Module Description

 -Basic Principles of Financial Accounting. The theoretical and legal framework of Financial Accounting. 

-The Accounting procedure, Accounting cycle.

-The Financial statements and their composition. 

-Accounting of tangible assets.

-Accounting of intangible assets.

-Assets valuation.

-Short – term and long – term Investments valuation.

-Liabilities and provisions. 

-Owner’s equity accounts. 

-Accounting for leasing and transactions in foreign currency. 

 

Assessment Methods and Criteria

 •Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

   -Multiple Choice Questions

   -Short Answer Questions

   -Analytical Questions

   -Theory  Evaluation Questions

 

Recommended or required Bibliography

 -Brealey R. A., Myers, S.C, “Principles of Corporate Finance”, ISBN-13: 978-0073405100/ISBN-10: 0073405108,Mcgraw Hill, 2007

-Brigham E.F., Ehrhardt M.C., “Financial Management: Theory and Practice”, ISBN-13: 978-0324422696/ISBN-10: 0324422695,South-Western, 2007

-Damodaran, A., “Applied Corporate Finance: A User’s Manual”, 2nd ed., ISBN-13: 978-0470384640/ISBN-10:0470384646,New York: John Wiley & Sons, 2006

-Δ.Βασιλείου, «ΔΧρηματοοικονομική Διοίκηση», ISBN:978-960-89407-1-0,Rosili,2008

 

MANAGERIAL ACCOUNTING

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

The viability of an economic unit in the competitive business environment depends on the appropriate and rational management of the available recourses. All economic decisions based on quantitative and qualitative elements.The Management Accounting includes methods for the selection and the exploitation of information which are included in the Financial Accountancy and they can be used for the effective management decision making, planning, and budgeting as well as the control of business activities. According to the Institute of Management Accountants (IMA): "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems,and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy"

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

-apply costing methods for costing firms activities and operation and costing and pricing products and services

- implement Activity Based Costing

-analyze and classify firms expenses (direct and indirect)

-compose budgets 

-analyze cost centers for internal use and decision making

-apply the knowledge for the compilation and the analysis of budgets as well as the selection of the best costing method for every company 

-combined their knowledge on costing and budgets

-contribute in the procedure of costing and of the control of business operations.  

Module Description

-Introduction to Management Accounting – Management Accounting and modern business environment – Fundamental concepts.

-Form and cost behavior – Cost’s correlation – Efficiency’s level – Result’s

-Costs’ center – Allocation of indirect cost

-Methods of cost accounting (Traditional systems)

-Marginal cost accounting – Activity based Cost Accounting.

-Introduction to Budgets – Formation of Budgets.

-Elastic Budgets – Model Cost Accounting – Determination of standards  - Analysis of deviations

-Costing and decision making – Investments’ Budget and assessment of Investment plans. 

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

−Βενιέρης, Γ., Κοέν Σ., Διοικητική Λογιστική, Εκδόσεις P.I. Publishing, ISBN 978-960-87678-7-4, 2007, Αθήνα

−Δημητράς Α., Μπάλλας Α., Διοικητική Λογιστική, Εκδόσεις Gutenberg, ISBN:960-01-1272,2009

−R.H. Garrison, F.W. Noreen, Διοικητική Λογιστική, Εκδόσεις Κλειδάριθμος, ISBN-13 978-960-209-930-8, 2006, Αθήνα 

 

FINANCIAL MANAGEMENT

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

The purpose of the subject is to provide the necessary knowledge and tools for the solution financial problems of firms. Its purpose is to present to the students matters such as: investment’s evaluation, financing procedures, cost of capital, operating and financial leverage, capital structure. The course focus on the development financial operation, e.g. in USA and European markets. There are also references on the Greek Financial market. 

Upon the completion of the course the student will have the ability to:

−Analyze and valuate the financial operations of firms 

−Examine, analyze the capital structure of firms and their dividends policy

−Propose efficient dividend policy for firms

−Propose investment portfolios 

−Apply theories of Financial Management to Corporate Financial Strategy

−Risk management and evaluation of investments

Module Description

-Special topics of Financial theory and Financial maths  

-Implementation of Financial Mathematics (Depreciation of loan, Sinking Funds, Appraisal of goods)

-NPV, Corporate Finance Isuues

-Investments’ Plans (Business Plans Investments evaluation (Payback, Accounting return)

-Investments evaluation (ΚΤΡ, ΚΠΑ, ΕΒΑ)

-Cash flow, Assets financial management

-Financial Market and Bonds

-Analysis of owners equity(Shares)

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

−- Brealey R. A., Myers, S.C, “Principles of Corporate Finance”, ISBN-13: 978-0073405100/ISBN-10: 0073405108,Mcgraw Hill, 2007

−Brigham E.F., Ehrhardt M.C., “Financial Management: Theory and Practice”, ISBN-13: 978-0324422696/ISBN-10: 0324422695,South-Western, 2007

−Damodaran, A., “Applied Corporate Finance: A User’s Manual”, 2nd ed., ISBN-13: 978-0470384640/ISBN-10:0470384646,New York: John Wiley & Sons, 2006

−Δ.Βασιλείου, «ΔΧρηματοοικονομική Διοίκηση», ISBN:978-960-89407-1-0,Rosili,2008

 

INTERNATIONAL ACCOUNTING & FINANCIAL STANDARDS

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

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

- analyze the international accounting standards’ and manage them

- propose the appropriate use of the International accounting standards and International Financial reporting standards on financial reporting and control  

-i nterpret the accounting information which has been produced

- using the Greek or International accounting standards 

- explain the difference on  reported accounting information from the adoption of Greek Accounting Standards in contrast of International Accounting  Standards adoption 

Module Description

-Accounting standardization

-Framework of Financial reporting using accounting standards

-Recognition, valuation and accounting treatment of assets

-Tangible assets (I.A.S 16)

-Real estate investments (I.A.S 40), inventories (I.A.S 2)

-Leasing (I.A.S 17) 

-Intangible assets 

-State, subsidize , accounting (I.A.S 20)

-Borrowing cost (I.A.S 23)

-Interim reports ( I.A.S 34)

-Accounting Policies, valuation, mistakes (I.A.S 8)

-Revaluation of fixed assets( I.A.S 36)

-Mergers and acquisitions (I.A.S 3)

-Consolidated and separate financial statements (I.A.S 27)

-Events after the reporting periods (I.A.S 10)

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

−Arzac E., Valuation for Mergers, Buyouts and Restructuring, Wiley Finance, 2nd edition, ISBN-13: 978-0470735114, 2010, NY -USA

−Barker, Determining Value: Valuation Models and Financial Statements, Prentice Hall, 1st edition, ISBN-13: 978-0273639794, 2001, NY -USA

−Damodaran A., Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Wiley Finance, 3rd Edition, ISBN: 978-1-118-01152-2, 2002, USA

−English J., Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals, Mc Graw Hill,  ISBN-13: 063-9785320692, 2001, NY -USA

−-Lundholm R., and Sloan R., Equity Valuation and Analysis with Eval, McGraw Hill–Irwin, 3rd Edition  ISBN-13: 978-0073526898, 2012, USA

−-Madden B., CFROI Valuation: A Total System Approach to Valuing the Firm, Butterworth-Heinemann, 1st   edition, ISBN-13: 978-0750638654 , 1999, ENGLAND

−Koller, Goedhart and Wessels, Valuation: Measuring and Managing the Value of Companies, Wiley Finance McKinsey, 6th edition,  ISBN: 978-1-118-87370-0, 2015, USA 

− Palepu, Healy, Bernard and Peek, Business Analysis and Valuation: IFRS Edition, Thomson Learning, 2nd edition,  ISBN-13: 978-1408017494, 2010, USA

−Penman S., Financial Statement Analysis and Security Valuation, McGraw Hill–Irwin, 4th edition, ISBN-13:978 έως 0073379661, 2010, NY

− Rappaport A., Creating Shareholder Value, Free Press, ISBN-13: 978-0684844107, 1997, NY

−Robinson, van Greuning, Henry and Broihahn , International Financial Statement Analysis, Wiley, 2nd edition, ISBN: 978-0-470-91662-9, 2009, USA

− Stowe J, Robinson T, Pinto J and McLeavey D, Analysis of Equity Investments: Valuation, Association for Investment Management and Research, ISBN-13: 978-0935015768, 2002, USA

 

− Young D and O’Byrne S , EVA and Value-Based Management: A Practical Guide to Implementation, McGraw Hill, 1st edition,  ISBN-13: 978-0071364393, 2000, USA 

 

− Viebig, Poddig and Varmaz , «Equity Valuation: Models from Leading Investment Banks», Wiley, 1st edition, ISBN-13: 978-0470031490, 2008, USA

 

FINANCIAL STATEMENT ANALYSIS & BUSINESS EVALUATION

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3 
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

The course of Financial Statement Analysis deals with the use and interpretation of information from financial statements. The purpose of Financial Statement Analysis is to assess the performance and prospects of the firm and assist decision-making. These decisions mainly concern resource allocation and financing of the firm. Financial analysts could be used by business organizations, banks and the financial sector or investment consultants

Upon the end of the course the student will be able to:

−Understand the principles and conventions underlying the preparation of financial

−statements

−Familiarize themselves with the financial reporting process under the Greek and

−International Accounting Standards

−Perform cash flow and liquidity analysis

−Assess the performance and the prospects of business entities

−Evaluate the capital structure of the firm

−Appreciate the use of financial statement in making business decision

Module Description

−Financial Statement Analysis or firms organizations.

−Financial reporting

−Advanced topics Liquidity, viability, leverage, profitability and efficiency analysis using indices

−Financial failure prediction models

−Advanced topics Analysis of stock market  indices

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

−- English, «Applied Equity Analysis: Stock Valuation Techniques for Wall Street Barker , «Determining Value: Valuation Models and Financial Statements», ISBN-10: 027363979X,ISBN-13: 978-0273639794,Prentice Hall,2001

−Damodaran , «Investment Valuation: Tools and Techniques for Determining the Value of Any Asset», ISBN: 978-1-118-01152-2,Wiley Finance,2002

−Arzac (2005), «Valuation for Mergers, Buyouts and Restructuring», ISBN : 978-0-470-45247-9 Wiley Finance,2005

−English, «Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals», ISBN-13: 063-9785320692/ISBN-10: 0071360514,McGraw Hill,2001

−Lundholm and Sloan , «Equity Valuation and Analysis with Eval», ISBN-13: 978-0073526898/ISBN-10: 0073526894,McGraw Hill–Irwin,2007

 

QUANTITATIVE ANALYSIS FOR DECISION MAKING

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

In the contemporary business environment the collection, the classification and the analysis of information are necessary for the management decision making. Data analysis with quantitative methods is an effective tool for the Finance and Accounting operations of the firms. 

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

- compose reports, based on financial data analysis, fulfilled with the appropriate tables and Graphs –

-classify, analyze financial information using time series analysis, or regression models (simple and multiregresion) 

-state and test hypotheses 

-make estimation using inferential statistics methods e,g confidence intervals 

-participate in decision making, proposing statements based on analyzed data with quantitative methods (parametric and non parametric

- implement the appropriate sampling techniques to collect quantitative, qualitative data, and analyze them for business analysis or research purpose

Module Description

-       Introduction – Basic Concepts

-Collection and presentation of statistic data 

-Descriptive Statistics, Measures of central tendency and variability

-Introduction to Statistical Software

-Probability Theory

-Distributions (normal, t , uniform, chi-square, F, binomial )

-Inferential Statistics, confidence intervals, hypothesis tests 

-Correlation ,Linear regression, Non-Linear regression 

-Time series analysis 

-Multi regression models

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

- Καραπιστόλη Δ., “Στατιστική Επιχειρήσεων”, ISBN 960-516-016-1, ISBN-13 978-960-516-016-6,εκδ. Ανικούλα, 2004

- Γναρδέλης Χ., “Εφαρμοσμένη Στατιστική”, ISBN 978-960-02-2864-9 ,εκδ. Παπαζήση, 2003 

- Ιωαννίδης Δ., “Στατιστική Μεθοδολογία”, ISBN 978-960-586-030-,εκδ. Ζήτη, 2011

- Καρλής Δ, “Μολυμεταβλητή Στατιστική Ανάλυση”, ISBN 960-351-594-9, ISBN-13 978-960-351-594-4,εκδ. Σταμούλης, 2005

- Ρόντος Κ., “Στατιστική Έρευνα”, ISBN 960-08-0370-6, ISBN-13 978-960-08-0370-9, Εκδόσεις Ι. Σιδέρης, 2006

- D. Howitt, “Στατιστική με το SPSS 16”, ISBN 978-960-461-321-2, Κλειδάριθμος, 2010

 

MERGERS & AQUISITIONS

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

This course intends to provide a complete approach of the Acquisitions and Mergers by examine matters of efficiency, business strategy, frequent company buyers and candidates for companies buy off. Furthermore, appraisal of companies which constitutes targets in the market and ways of payment the market’s price. 

 

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

 

-analyze matters in relation to risk and to the efficiency of investment decisions

-appraise the bonds which includes risk, to find out which shares has non – rational  prices in the market and to make effective portfolios

-implement techniques and strategies for the assessment of investment plans and to select the rational of them

-recognize the borders – restrictions  and the benefits of acquisition and mergers

-appraise the efficiency of an acquisition or a merger procedure

-analyze and evaluate strategies for the companies’ acquisition (Bidders) and aspects of defense from the side of companies which are being targeted for acquisition (Targets). 

-examine and explain the motivations of the Acquisitions and the Mergers,

- Implement the methodology of examination of the attribution of  mergers and acquisitions

Module Description

-Introduction –  Merger and acquisitions investment decisions  with the methods of NPV and the IRR  

-Valuation  Investment Plans – Financial Flows and Implementations 

-Valuation Investment Plans – Decision making through different methods 

-Risk and attribution – Analysis of the sensibility, analysis with possibilities and normal allocation 

-Buying off and Mergers – Definitions, diggerent aspects of Buys off and Mergers and basic principles, Phases and Historic development 

-Portfolio and Valuation theory for acquisitions – The CAPM, the APT and other examples of portfolio’s appraisal 

-The motivations of the Buys off and the Mergers, Methodology of examination of the attribution of Buys off and Mergers 

-Count of the efficiency, Methods for the fact analysis, Findings from empirical researches, Methodology of the Functional Decision (like before)

-Strategies for the companies’ buy off (Bidders) and aspects of defense from the side of companies which are being targeted for buy off (Targets). Basic appraisal examples of companies which are being targeted for buy off (like before)

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions 

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

- Arnold, G., Corporate Financial Management, Financial Times/ Prentice Hall, 1st edition, ISBN 13: 9780273630784, 1998, NY USA

- Blake D., Financial Market Analysis, Wiley, 2nd edition, ISBN: 978-0-471-87728-8, 1999, USA

- Bailey R., The Economics of Financial Markets, University Press, 1st edition, ISBN-13: 978-0521612807, 2005, USA

- Brealey R. and S. Myers, Principles of Corporate Finance, McGraw Hill, 9th edition, ISBN: 978007126675, 2008, N. York

- Cuthbertson, K., Quantitative Financial Economics, Wiley, 1st edition,  ISBN:0-471-95359-8, 1996, USA 

- Elton, E. & M. Gruber, Modern Portfolio Theory and Investment Analysis, Wiley, 9th edition, ISBN:978-1-118-46994-1, 2010,

- Pilbeam, K.,  Finance and Financial Markets, Macmillan, 3rd edition, ISBN-13: 978-0230233218, 2010

- Radcliffe R., Investments: Concepts, Analysis, Strategies, Addison Wesley Longman Publishing, 5th edition, ISBN-13: 978-0673999887, 1997

- Sharpe, W.F., G.J. Alexander and J.V. Bailey, Investments, Prentice Hall, 6th edition, ISBN-13: 978-0130101303, 1998

Arnold, A., ‘Corporate Financial Management’, FT Pitman Publishing, 1998

- Blake D. “Financial Market Analysis”, Wiley

- Bailey R. “The Economics of Financial Markets”

- Bodie, Z, Kane, A. & A. Marcus, “Investments”, Irwin, 1996 

- Brealey, R. & S. Myers, “Principles of Corporate Finance”, 5th Edition, McGraw-Hill, 2000 

- Cuthbertson, K. “Quantitative Financial Economics”, Wiley 1996  

- Elton, E. & M. Gruber, “Modern Portfolio Theory and Investment Analysis”, Wiley, 1991

- Pilbeam, Keith, “Finance and Financial Markets”, Macmillan, 1998 

- Radcliffe R., “Investments: Concepts, Analysis, Strategies” Addison Wesley Longman Publishing

- Sharpe, W.F., G.J. Alexander and J.V. Bailey, “Investments”, 5th Ed., Prentice Hall, 1995

 

CORPORATE & BUSINESS LAW

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  3
ECTS:  6
Web Page:
Moodle Page:

Learning Outcomes

The analytical elaboration of the validate provisions of the Labor legislation, mainly in the frame of the individual employment relationships (relationship of work in relation to the work contract, work – hours, salary, employees’ obligations with focus on the faith obligation, obligation of the providence from the employer side and other employer obligations, law of promotions, procedure of disciplines and promotions committee, law of dismissal and its compensation) and also, in the Labor Law  level and mainly, survey of the provision for the trade unionist freedom, the contrast of Collective Agreements, the intercession, the Arbitration and finally, the provisions for the strike. The aim of these subjects is the analysis and implementation of the rules of Labor legislation in the life of the future accountant or financial consultant, as a freelance or a wage – earner, in order to have the possibility to provide law directions to the employees or employers in relation to the supply accounting or financial services. 

 

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

- examine labor contract, apply the law of labor relations 

-compose labor contracts in accordance with labor relations legal framework

-examine real cases of disagreements between firms and their employees 

-propose alternative procedures for effective human resources management based on the legal framework of labor relations   

Module Description

1 Labor Legislation.

2  Salaries of wage – earners

3  Concept and salary of additional work and overtime work 

4  Regular permission.

 5  Abstention of the employee from his/her work

6  interruption of the work contract

7  Insurance legislative

8  People who have to be insured S.I.I

9  Insurance for the days of illness and count of the insurance contributions S.Ι.Ι

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

-Μ. Fefes,  Introduction to law,  Νομική Βιβλιοθήκη, ΙSBN: 978-960-272-267-1, 2004,  Αθήνα

-I. Koukiadis, Labor Law, Εκδόσεις Σάκκουλα, 5η έκδοση, ISBN/ISSN: 978-960-568-133-3, Αθήνα 

-Δ. Μυλωνόπουλος, Δίκαιο του Εμπορίου, I Νομική Βιβλιοθήκη, ISBN: 978-960-272-981-1, 2012,  Αθήνα

 

Elective Accounting Modules

INTERNAL AUDIT & CONTROL

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

The purpose of the course is to examine the ways in which the accounting information is being used for the purposes of administration and more specifically for decision making and control.

More specifically it will be analyzed the material on the below topics:  

•Cost analysis of the business operation

•Budgeting

•Budgeting Control

•Human resources productivity evaluation

 

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

−Implement the procedure of internal audit

−Analyze and evaluate the relation between management and accounting. Specifically to analyze the role of accounting as control tool.

−Compose reports of budgeting control

−Apply the procedures as controllers do in firms  

−Compose and analyze balanced scoreboards using quantitative and qualitative analysis tools

 

More specifically the students can analyze the following: 

♣Control Operation.

♣Organizational structures and control, Centers of responsibility.

♣ Control and Decision Making.

♣ Investment decisions and control of administration.

♣ Transfer Pricing.

♣ Strategic Plan

♣ Reports (Statistics)

♣ Reports and deviations analysis.

♣ Balanced Scorecard

♣ Employee’s assessment and compensation.

♣Internal Control Issues and Corporate Governance.

Module Description

-Basic concepts - Control operation. Control in the strategic, tactic and operational level. Organizational structures. Responsibility centers.

-Strategy and management control. Strategy determination, Theoretical approaches into the strategic, Immerge strategic, strategic plan – procedure and plan.

-Theories and systems of decision making and control. 

-Expression of long – term targets, budgets (total), relationship among budget and strategic plan, 

-Budget as a tool of administration control, Politic uses of budget, Budgets of investment programs, implementation of control administration systems on foreign direct investments.

-Assessment of businesses and centers of responsibility. Reports, count of results and indicators for effectiveness and efficiency counting. Deviation analysis. Prices of transfer.

-Quantitative measures of assessment. Balanced Scorecard. Systems of assessment and executive’s compensation.

-Internal control matters Ι

-Internal control matters ΙI

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

−Anthony  R., &  Govindarajan V., Management Control Systems, Mc Graw-Hill, 11th edition,   ISBN:978-0071232272,    NY –USA

−Δημητράς A. &  Μπάλλας A.,  Διοικητική Λογιστική για προγραμματισμό και έλεγχο,   Εκδόσεις  Gutenberg,  ISBN:960-01-1272-Χ, 2009, Αθήνα

−C. Emmanuel, Otley D, Merchant K., Accounting for Management Control, Chapman and Hall, 2nd edition, ISBN-10: 186152272X, 1990, USA

 

TAX POLICY & PLANNING

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

The purpose of the course is the composition of all parameters which define and compose the tax policy which is being legislated in a national level and which is adopted by firms. The understanding of a variable topic, such as the taxation policy, is essential for the graduates of the Master Program. Moreover, the purpose of the course is to broaden the student’s knowledge through taxation policy case studies of foreign countries.

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

- analyze the structure of the taxation system 

-evaluate particular issues which are relatives with the tax of legal and physical entities 

-implement the code of tax depiction of transactions with real data to physical as well as to legal entities

-informed for foreign countries’ tax issues 

-examine tax issues in relation to the companies’ control, the VAT, money laundering off-shore firms, the leasing and the discreet transactions.

Module Description

In the course the student will be introduced in  the notion of Tax Law and also, to contemporary legal issues, such as the composition of the tax system, the direct and indirect taxes, the Tax Code of Revenue, the Governmental transactions,  off-shore etc. 

 

-Concept and content of Tax Policy – public revenues and the composition of the tax system.

-Tax interventions based on legal demands: Particular approaches in the direct and indirect taxes.

- Legal and Physical entities deep understanding of the Tax Code of Revenue.

-The indirect taxes in the tax cycle: The connection with the Value Added Tax (VAT as the national and European tax)

-Particular issues based on the tax side of companies – Tax transactions among Governments and the national rules.

-The appraisal of taxed property – tax disputes – method of presumptions – the unbiased criteria -  governance etc.

-The sector of tax controls in the tax cycle – the tax penalties

-Special taxation topics: Tax of goodwill value etc.

- Off-shore firms – shifting of tax obligations – tax evasion etc.

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions 

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

 - Τσάτος Ν., «Θεωρία των φόρων και Φορολογική Πολιτική», ΙSBN: 978-960-218-779-1, Νίκος Τάτσος,1η έκδ., Αθήνα 

 

ACCOUNTING PROFESSIONAL ETHICS

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

The accounting business practices are being examined deeply after the latest year’s financial scandals.

Accountants have legal and ethical responsibility in order to implement the law and  general acceptable accounting principles and standards for the reporting of the financial information of firms. 

The course focuses in ethical issues of businesses as a result of the immoral behavior of accountants. The course is trying to help students to understand and analyze  the ethical  frame with which they  can face business ethical  issues.

Emphasis will be given on the one hand to the delinquent behavior, fraudulence scandals and their impact on  companies, their employees and the  society, and on the other on the analysis of the delinquent behavior of different kind of businesses such us: Enron, Arthur Andersen, WorldCom, etc.

Moreover, decisions and laws for the prevention of fraudulence will be analyzed (such us The Sarbanes-Oxley Act of 2002 etc.) 

 

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

−explain and combine theories of Accounting Ethics

−appraise  Accountants behavior 

−analyze ethical issues and ethics of Accounting practice

−propose procedures for: a. the prevention and detection of delinquent behavior of accountants and  the recognition of fraud activities in accounting practice

−explain the positive impact of the adoption of ethical rules, in accounting practice, on the value relevance of accounting information in the financial markets.

Module Description

- Introduction to basic meanings 

- Morality, Ethics, Schools of Morality, Rights, Accountant’s responsibility

- Morality in the Financial Systems and the Organizations 

- Professions and businesses

- Characteristics, Similarities, Differences. 

- Ethics of Professional Accountants

  - Scandals of Enron, Arthur Andersen, WorldCom and so on.

- The Sarbanes-Oxley Act of 2002 etc.

- Codes of professional Ethics.

- Decision’s receipt and Ethical Behavior. 

- Particular Ethical Issues.

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions 

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

- C. Cantzos, “Accounting professional ethics”, business/professional/private edition, ISBN-13: 978-0415171724/ISBN-10: 0415171725,Athens 2002

 

AUDITING

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

The purpose of the course is to introduce to the students the basic principles of auditing and their implementation in the control procedures of firm’s financial statements by the Certified Public Accountants.

The course covers the two basic issues, which are the theory and the practice of auditing.

Emphasis has been given on the philosophy and the environment of the profession of the Certified Accountants and also to the financial impact of auditing. Further in this course auditing patterns to the professional behavior, the legal responsibility of accountants, the design, the control stages and presumption of control are presented.

Special treatment has being given to the study and assessment of internal control of the audited firms.

Finally, the aspects of auditor’s reports and their importance are being analyzed. Furthermore, brief scandals and their repercussions are being presented from extend audit of the financial statements from Certified Accountants for the latest years.

The course is being conducted through lectures, examples, case studies and assignments of implementation. The participation of students in the classroom is aimed. 

For better understanding, students will have to make essays and case studies and to discuss about auditing into the class.

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

- examine and analyze certified auditors reports 

- search for fraud evidence in financial reporting 

- appraise corporate governance

- compose audit sheets

Module Description

 ÑIntroduction to the Auditing and the professional auditor

-Duties of Certified Accountants.

ÑHistory and organization of the Greek professional auditor.

-Corporate Governance, Certified Accountants’ responsibilities.

-Decision making and Code of Ethics.

ÑCases of Enron, Arthur Andersen, WorldCom, Parmalat etc. 

ÑPurpose of control and auditing records.

-Sponsor and design of control. 

-Analytical procedures and business measurements.

ÑSample Control.

-Check of Internal System (system of internal valve). 

ÑStudy and Assessment.

-Control of sales cycle.

ÑControl of supply chain cycle.

-Procedures of the control’s completion. 

ÑControl’s report.

ÑEEP and Control’s report.

ÑParticular Issues of Control (Illegal money, Investment companies).

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

−C. Cantzos, A. Chondraki,  Auditing theory and Practice, Εκδόσεις Stamoulis, 2nd edition, ISBN: 9603516481, 2006

−Α. Παπάς,  Introduction to Auditing, Eκδόσεις Μπένου, 1st  edition ISBN: 9608249317, 2003

 

ACCOUNTING THEORY AND RESEARCH PROJECT1

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  4
ECTS:  15
Web Page:
Moodle Page:

Learning Outcomes

The accounting theory and research approaches theoretical aspects of the Accounting on the one hand and on the other prepare the students for making their research project. Specifically this course is focusing on : 

a)the history and the evolution of accounting theory and practice,

b) The understanding of the most important accounting theories and the relation between accounting and other social sciences,

c)critical thinking, inductive and deductive approach, empirical research principles, normative, semantically and positive approach in accounting research,  

d)Research methods in Accounting

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

-Explore and analyze research papers and other scientific assignments of the Greek and International literature

-Design and develop empirical research studies in Accounting and Finance adopting and applying scientific methods and thinking

-Collect and analyze quantitative and qualitative data using scientific quantitative analysis methods

-Interpret the result of the data analysis and analyze the findings of research

-Emphasize in scientific reasoning aspects

-Explore and analyze Accounting theories and theoretical aspects inAccounting

Module Description

-Accounting Theory and Science, theoretical and methodology aspects

-Accounting theory trends

-Historical review and evolution of accounting theory

-Inductive and deductive thinking in the accounting theory and research

-Theories in Accounting 

-Accounting research methodology

-Empirical research in Accounting 

-Development of the research hypothesis – presentation of assignments

-Searching the International research literature

-Case studies 

-Empirical research simulation

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual assignments presentations

•Group assignments

•Research stimulation

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

1.- Belkaoui R,A, “Accounting Theory”, Southwestern Cengage, USA, 2004

 

2.- Hendriksen E, “Accounting Theory”, Irwin Ed, USA, 1977

 

3.- Smith M, “Research Methods in Accounting”, Sage ,USA, 2011

 

RESEARCH PROJECT II

Module Description

Full Module Description:
Mode of Delivery:  Lectures
Weekly Hours:  
ECTS:  
Web Page:
Moodle Page:

Learning Outcomes

 

Module Description

 

Assessment Methods and Criteria

 

Recommended or required Bibliography

 

Elective Finance Modules

INVESTMENTS

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

This module provides an advanced coverage of the principles of investment analysis and financial markets. Students will gain knowledge of global financial markets and the finance and investment industry – how different organizations interact, their roles, and factors behind success or failure. Students will learn how to estimate the fair value for an investment, to test assumptions and sensitivities, and to compare different investments. Students will gain an understanding of the role of different asset classes and their behavior in isolation and in relation to other asset classes.

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

−Face the major functions of the financial markets and the most popular financial products, i.e. equities, fixed income securities and derivative products, 

−identifying, measuring and hedging financial risks

−understand the trading mechanisms of the major financial instruments.

Module Description

 

Assessment Methods and Criteria

 

Recommended or required Bibliography

 

PORTFOLIO MANAGEMENT

Module Description

Full Module Description:
Mode of Delivery:  Lectures
Weekly Hours:  
ECTS:  
Web Page:
Moodle Page:

Learning Outcomes

This module provides an advanced coverage of the principles of investment analysis and financial markets. Students will gain knowledge of global financial markets and the finance and investment industry – how different organizations interact, their roles, and factors behind success or failure. Students will learn how to estimate the fair value for an investment, to test assumptions and sensitivities, and to compare different investments. Students will gain an understanding of the role of different asset classes and their behavior in isolation and in relation to other asset classes.

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

−Face the major functions of the financial markets and the most popular financial products, i.e. equities, fixed income securities and derivative products, 

−identifying, measuring and hedging financial risks

−understand the trading mechanisms of the major financial instruments.

Module Description

−Efficient Markets.

−Equity Valuation.

−Fixed Income Securities

−Forward, Futures and Trading Rules (short selling, margin account, etc.).

−Swaps.

−Options: Definition and  Trading Strategies using Options.

−Hedging strategies using Derivatives.

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

- D. Vasileiou, N. Iriotis, “Investment Analysis and Portfolio Management”, Recommended Book and Journal Article Resources, by Rosili  ISBN: 9789607745224. 2009,  Αθήνα

 

INTERNATIONAL MONEY & CAPITAL MARKETS

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

This module is a comprehensive introduction to international money/capital markets and basic techniques for analyzing the presented investment opportunities.

 

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

-acquainted with the operation and interaction of international financial markets, 

- understand the role of credit institutions and regulatory authorities, the function and characteristics of financial securities as well as factors affecting the dynamics of interest and foreign exchange rates. 

- utilize taught modern approaches to asset pricing and state-of-the-art methods/techniques for selecting an international portfolio.

Module Description

•Introduction to International Financial Management. Overview of the International Monetary System

•Balanceof Payments 

• International Bond Market, International Banking, EurocurrencyMarkets

•Introduction to Foreign Exchange Markets: Spot and Forward Markets

•International Parity Relations and Forecasting of Exchange Rates

•Speculation in Spot and Forward Markets 

•The Foreign Exchange Risk Premium 

•FX Futures 

•FX Options

•Risk Management of banks, Basel Ι and ΙΙ.

•Emergent markets and differentiation.

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Question

Recommended or required Bibliography

- Recommended Book and Journal Article Resources:

-J. O. Grabbe, International financial markets, Prentice Hall, 3rd edition,  ISBN0-444-01032-7, 1996, USA

•-   F.S.Mishkin, S. G.Eaking, Financial markets and institutions, Addison Wesley, 6th edition,  ASIN: B003SDELII , 2000, USA

 

PUBLIC FINANCE

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  2.5
ECTS:  4
Web Page:
Moodle Page:

Learning Outcomes

The course focuses on the presentation and the analysis of subjects that are relative, on the one hand, with the public expenses and the revenues, the composition  and the execution of the budget and on the other hand, the state’s impact on the economy. More specifically, tax policy and public borrowing are going to be examined and moreover, the public expenditure’s classification system, the cost, as well as, the financing of public commodities. Furthermore, the public finance and monetary policy, as well as, the taxes. Microeconomic and Macroeconomic implications are also going to be analyzed. 

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

−Classify and compare public expenses and revenues. 

−Analyze state and regional  budgets 

−Propose budgeting methods for the integration of budgets

−Compose reports using public financial data 

−Interpret and execute state and regional budgets

Module Description

-Public Economics and Fiscal Policy

-Market’s Economics

-The State and the notion of interventionism

-Public Expenses: Classification Criteria

-Public commodities 

-Revenues : Discriminations

-Tax policy

-Public borrowing and Public budgeting

-Taxes and Microeconomic – Macroeconomic Impact

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual or group assignments presentations

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

Recommended Book and Journal Article Resources:

- Ράπανος Β., Καπλάνογλου Γ., Δημόσια Οικονομική, Εκδόσεις Κριτική, Τόμος 1ος, ISBN: 978-960-218-632-9, 2009, Αθήνα

 

ACCOUNTING THEORY AND RESEARCH PROJECT I

Module Description

Full Module Description:
Mode of Delivery:  In class
Weekly Hours:  4
ECTS:  15
Web Page:
Moodle Page:

Learning Outcomes

The accounting theory and research approaches theoretical aspects of the Accounting on the one hand and on the other prepare the students for making their research project. Specifically this course is focusing on : 

a)the history and the evolution of accounting theory and practice,

b) The understanding of the most important accounting theories and the relation between accounting and other social sciences,

c)critical thinking, inductive and deductive approach, empirical research principles, normative, semantically and positive approach in accounting research,  

d)Research methods in Accounting

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

-Explore and analyze research papers and other scientific assignments of the Greek and International literature

-Design and develop empirical research studies in Accounting and Finance adopting and applying scientific methods and thinking

-Collect and analyze quantitative and qualitative data using scientific quantitative analysis methods

-Interpret the result of the data analysis and analyze the findings of research

-Emphasize in scientific reasoning aspects

-Explore and analyze Accounting theories and theoretical aspects inAccounting

Module Description

-Accounting Theory and Science, theoretical and methodology aspects

-Accounting theory trends

-Historical review and evolution of accounting theory

-Inductive and deductive thinking in the accounting theory and research

-Theories in Accounting 

-Accounting research methodology

-Empirical research in Accounting 

-Development of the research hypothesis – presentation of assignments

-Searching the International research literature

-Case studies 

-Empirical research simulation

Assessment Methods and Criteria

•Class participation and attendance

•Quizzes 

•Individual assignments presentations

•Group assignments

•Research stimulation

•Final Exam Test containing:

−Multiple Choice Questions

−Short Answer Questions

−Analytical Questions

−Theory  Evaluation Questions

Recommended or required Bibliography

1.- Belkaoui R,A, “Accounting Theory”, Southwestern Cengage, USA, 2004

2.- Hendriksen E, “Accounting Theory”, Irwin Ed, USA, 1977

3.- Smith M, “Research Methods in Accounting”, Sage ,USA, 2011

 

RESEARCH PROJECT II

Module Description

Full Module Description:
Mode of Delivery:  Lectures
Weekly Hours:  
ECTS:  
Web Page:
Moodle Page:

Learning Outcomes

 

Module Description

 

Assessment Methods and Criteria

 

Recommended or required Bibliography