International accounting standards

During the course will be presented examples and applications of International Financial Reporting Standards (formerly IAS). The teaching will be based on: - The general principles of accounting in accordance with International Financial Reporting Standards (IFRS). Basis of preparation and presentation of financial statements, definitions, terminology. - Tangible and Intangible Assets (Fixed Assets). Explanation of the method of valuation for the fixed assets. Methods depreciation and impairment of fixed assets. Addressing cases financial and operational asset lease. Recording, monitoring and presentation of research and development expenses. - Current assets - Inventories - Requirements. - Departures Programs and Employee Benefits. - Revenue - revenue recognition. - Management of Exchange Differences. - Investment Accounting and Accounting for Government Grants. - Presentation of financial information by segment. - Borrowing Costs. - Deferred Taxation Income tax basis of IAS. It examined the differences between Greek Accounting Standards with International Accounting Standards. There will be comparisons of International Accounting Standards (European approach) with the corresponding US (US GAAP) and British (UK GAAP).

Objectives

International Financial Reporting Standards are an integral part of Greek legislation. Listed in the Greek Stock Exchange (ASE) companies are required to publish financial statements in accordance with International Financial Reporting Standards (IFRS). The course aims to provide students with the Principles, Rules, Methods and Procedures to be followed for the recording and presentation of economic events of a business unit, in accordance with International Financial Reporting Standards (IFRS). The expected results concern the students understand the basic practices of international accounting standards. To have a first contact with the new accounting standards at the same time understanding the utility of such analysis and evaluation of companies. Finally, students should be able to apply to a first level of the new accounting principles and practices, in line with the Greek Accounting Standards, facing this way the challenges and changes in the international environment of accounting.

Prerequisites

No

Syllabus

During the course will be presented examples and applications of International Financial Reporting Standards (formerly IAS). The teaching will be based on: - The general principles of accounting in accordance with International Financial Reporting Standards (IFRS). Basis of preparation and presentation of financial statements, definitions, terminology. - Tangible and Intangible Assets (Fixed Assets). Explanation of the method of valuation for the fixed assets. Methods depreciation and impairment of fixed assets. Addressing cases financial and operational asset lease. Recording, monitoring and presentation of research and development expenses. - Current assets - Inventories - Requirements. - Departures Programs and Employee Benefits. - Revenue - revenue recognition. - Management of Exchange Differences. - Investment Accounting and Accounting for Government Grants. - Presentation of financial information by segment. - Borrowing Costs. - Deferred Taxation Income tax basis of IAS. It examined the differences between Greek Accounting Standards with International Accounting Standards. There will be comparisons of International Accounting Standards (European approach) with the corresponding US (US GAAP) and British (UK GAAP).