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A.U.E.B.

A.U.E.B.

Athens University of Economics and Business, Greece

S.U.S.K.O.

S.U.S.K.O.

Sofia University "St. Kliment Ohridski", Bulgaria

A.U.E.B.

A.U.E.B.

Athens University of Economics and Business, Greece

A.U.E.B.

A.U.E.B.

Athens University of Economics and Business

U.W.

U.W.

University of Warsaw, Poland

U.W.

U.W.

University of Warsaw, Poland

S.U.S.K.O.

S.U.S.K.O.

Sofia University "St. Kliment Ohridski", Bulgaria

T.U.K.E.

T.U.K.E.

Technical University of Kosice, Slovakia

Accounting ERP

This module aims at familiarizing the users with accounting ERPs, both theoretically and practically. The module analyses what is Enterprise Resource Planning Systems (ERP), the role of ERP Systems in Accounting, and the main characteristics of Accounting ERPs. 

Attachments:
Download this file (FASTER module 7 presentation final.pdf)FASTER module 7 presentation final.pdf[A presentation of accountiing using an ERP system]472 kB

Accounting for Public Limited Companies (S.A.) – Limited Liability Companies (Ltd) – Group of Companies

This module describes the basic characteristics that refer to the accounting provisions for public limited companies (S.A.) limited liability companies (Ltd) and group of companies in Bulgaria, Greece, Poland, Slovakia, UK (countries in alphabetical order). Other issues regarding the legal and organizational structure of companies, their legal formation, the accounting aspects concerning the distribution of profits to shareholders as well as firms’ discontinuation are also discussed. 

Accounting Plan

This module describes the basic characteristics of the accounting plan in Bulgaria, Greece, Poland, Slovakia, UK (countries in alphabetical order). The module describes the chart of accounts, the main groups of accounts and the basic principles that govern the accounting plans in each country. 

Analysis of Financial Statements – Business Valuation

The main goal of Module 6 is to show how the accounting information (combined with other sources of information) can be used for the evaluation of the financial performance and condition of a company.

The basic analytical tools for this purpose are emphasized:

  • Horizontal analysis
  • Vertical analysis
  • Ratio analysis

The application of each tool is illustrated using the financial statements of two companies for the years 2009 and 2008.

 Furthermore, Module 6 shows how to prepare the Statement of Cash Flows using the direct and indirect methods.

 

When completing this module the user will be able to:

  • Apply the horizontal and vertical analyses and explain the results.
  • Compute the most important financial ratios in order to measure the liquidity, the profitability, the solvency of a company.
  • Use the ratios in order to make the necessary investment decisions.
  • Understand the importance of the Statement of Cash Flows.
  • Prepare Statement of Cash Flows using the direct and indirect method.

Balance Sheet Issues

Module 5 aims at introducing the user to the concepts of the preparation of financial statements at the end of a reporting period such as: the technical organization and procedures related to the closing of the accounting books, annual stocktaking, adjustment entries, valuation of assets and liabilities as at the balance sheet day and impairment of assets. Furthermore, a brief analysis of events after the reporting period, (i.e., prepayments, accruals, provisions, calculation of  depreciation and allowances) is provided.

When completing this module the user will be able to:

  • Describe rules, technical organization and procedures related to the closing of the accounting books and preparing financial statements.
  • Define events after the reporting period and decide what should be presented in the financial statements.
  • Define rules and methods for conducting annual stocktaking.
  • Describe rules and procedures for adjustment entries based on the trial balance. 
  • Record in the general journal entries regarding depreciation, allowances, prepayments and accruals, as well as provisions.
  • Define methods of valuation of assets and liabilities at the balance sheet day (end of the reporting period), identify impairment of assets, practice basic accounting for valuation of property, plant and equipment as well as construction in progress.

International Accounting Standards

Module 8 aims at introducing the user to the International Accounting Standards. Their objective is to standardize the financial information reported by business entities, in order to be useful to existing and potential investors, lenders, and other users of financial statements.

When completing this module the user will be able to:

  • Orientate himself in the area of International Accounting Standards and International Financial Reporting Standards.
  • Assign an international approach to accounting and reporting issues.
  • Know the international requirements for assets’ and liabilities’ recognition.
  • Distinguish the differences between consolidation and business combinations.
  • Know the various approaches for the valuation of assets, liabilities, and financial instruments.

Introduction to Financial Accounting

Module 1 aims at introducing the user to concepts of accounting such as the accounting equation and the accounting events, the accounting books and mechanisms and the accounting cycle. Furthermore a brief analysis of accounting for fixed assets, current assets, equity, long-term liabilities, short-term liabilities, as well as, revenues and expenses is provided.

When completing this module the user will be able to:

  • Define accounting and its role in making informed decisions.
  • Define financial position and performance.
  • State the accounting equation and show how it is affected by transactions.
  • Record transactions to the general journal, post to the ledger and prepare trial balances.
  • Practice basic accounting for fixed assets, current assets, equity, long-term liabilities, short-term liabilities, revenues and expenses.

The studying process for Module 1 is based on an Internet based distance learning new educational platform.

Tax Accounting

This module describes the basic accounting issues concerning value added tax and income tax for individuals and companies in Bulgaria, Greece, Poland, Slovakia, UK (countries in alphabetical order). 

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