The primary purpose of this course is to provide students with an in-depth knowledge of accounting plans, which standardize and simplify accounting processes for firms and ensure that the information provided regarding the structure of assets, the financial condition, and the financial activity of the firms is homogenous, relevant, and true, in order to facilitate decision making for the users of this information. The course highlights key accounting developments that have occurred in Greece since the adoption of the accounting plan. The objective is to underline the importance of charts of accounts as an invaluable tool for controlling the recording and processing of financial transactions and events.

On successful completion of their studies students will be able to:

• understand the characteristics and content of the Greek Accounting Plan and chart of accounts;
• understand the content of financial statements;
• prepare financial statements according to Greek Accounting Standards;
• identify the types, function, and meaning of accounts and understand the operation of the double-entry system;
• perform journal entries for routine accounting events according to the Accounting Plan.