UNIVERSITY OF MACEDONIA
DEPARTMENT OF ACCOUNTING AND FINANCE
ACCOUNTING FOR BUSINESS
COURSE NAME
Course Code
Course Type
Level of course
Year of Study
Term
ECTS Credits
Name of
Instructor(s)
E-mail
Office Hours
In Classroom
Study
Out of Classroom
study
Objective of the
course
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Prerequisites
Learning
Objectives
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Course Contents
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Recommended
reading
Teaching Methods
Assessment
Methods
Language of
Instruction
Course Schedule
1st Week
2nd Week
3rd Week
4th Week
5th Week
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GAAP, IAS, Financial statements, Financial reporting, General entries, Accounting for
decisions, Cost analysis, Capital budgets.
‘Financial Accounting’, Libby, Libby and Short, McGraw Hill, USA
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Lecture
20% Assignments, 30% Midterm exam and 50% Final exam
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English
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Course Schedule
The link between business and accounting
The framework of financial reporting
Financial position and financial performance
Preparation of financial statements
Analysis and interpretation of financial statements
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Elective
Undergraduate
2013-2014
Fall
5
Professor(s): Ginoglou,D., Negakis, I. X.
Assistant Professor: Tahinakis, P.
ginogl@uom.gr;negakis@uom.gr;tahi67@uom.gr;
M – W 10-12
3h/week (F 08:00 – 11:00)
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6h/week
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The aim of the course is to provide a full understanding of the key aspects of financial
and managerial accounting, concentrating in particular on companies in the private
sector. This course is suitable for students who are undertaking courses in accounting
with an aim to pursue careers as financial managers and thus need a sound
understanding of the role of financial and managerial accounting in an organization.
None
After completing the course, students should be able to:
 Explain how the organization is structured, governed and managed.
 Identify and describe the environment influences and constraints on how the
business operates and how these affect the accounting function in particular.
 Identify and explain the functions of accounting systems and internal controls.
 Recognize the concepts of authority and leadership and how teams and individuals
behave and are managed, disciplined and motivated in pursuit of wider
departmental and organizational aims and objectives.
 Explain the context and purpose of financial reporting as well as define the
quantitative characteristics of financial information.
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6th Week
7th Week
8th Week
9th Week
10th Week
11th Week
12th Week
13th Week
Course Grades
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Midterm Exam
Cost terms, concepts and classification; Cost behaviour: analysis and use
Cost-Volume-Profit relationships
Flexible budgets an overview analysis
Capital budgeting decisions
International Accounting Standards
Profit planning
Final Exam
To receive a final grade for the course, a student must write and submit two
assignments (2x10%), write a midterm exam (40%) and the final examination (50%).
92-100 - A
90-91 - A-
Reading List
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A = Outstanding work. The "A" student has demonstrated
superior mastery in all important aspects of the course knowledge of concepts and application to real problems. S/he is
always prepared, attends almost every session, and participates
actively in the course, consistently exhibiting all participation
levels. The "A" student writes and speaks clearly, insightfully,
creatively. S/he is a role model for other students.
88-89 – B+ B = Above average work. The "B" student has mastered most of
82-87 – B
the fundamental course concepts, and is able to apply the most
80-81 – B- important concepts to real problems. S/he attends regularly, is
generally prepared, and often engages in class discussion,
consistently exhibiting interaction participation levels 1-3 and
sometime 4. S/he generally writes well, although there is room for
improvement, and s/he communicates clearly.
78-79 – C+ C = Average work. The "C" student understands the most
72-77 - C
important concepts, and is able to apply some concepts to business
70-71 – Cproblems. S/he is engaged in class discussion sometimes,
consistently exhibiting interaction participation levels 1-2,
sometimes 3. Written communication is adequate, but could use
improvement. S/he attends most class sessions and submits most
work on time.
68-69 – D+ D = Below average work. The "D" student has gaps in his/her
60-67 - D
knowledge of concepts, and has some difficulty applying this
information to problems. Both written and oral communication
need improvement. Attendance, participation, or timeliness of
work may be problems.
Below 60 – F F = Failing work. The "F" student has major gaps in his/her
knowledge of concepts, and has major difficulty applying this
information to problems. Communication need improvement.
Attendance, participation, or timeliness of work may be big
problems.
Beams, F., Clement, R., Anthony, J. and S. Lowensohn, 2009. Advanced Accounting,
10nt Edition, Prentice Hall.
Bline, M, Fischer, M. and T. Skekel, 2008. Advanced Accounting, John Wiley & Sons
Inc.
Carmichael, D.R., O.R. Whittington, and G. Lynford, 2007. Accountants' Handbook,
Volume 1, Financial Accounting and General Topics, 11th Edition, Wiley.
Jeter, D. and P. Chaney, 2007. Advanced Accounting, 3rd Edition, Wiley & Sons Inc.
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