MANAGERIAL ACCOUNTING & FINANCIAL MANAGEMENT | Postgraduate Program in Financial Management Engineering

MANAGERIAL ACCOUNTING & FINANCIAL MANAGEMENT

Τύπος Μαθήματος: 
Υποχρεωτικό Μάθημα Κατεύθυνσης
Έτος Σπουδών: 
Α'
Εξάμηνο Σπουδών: 
Χειμερινό
Αριθμός Πιστωτικών Μονάδων (ECTS): 
6
Γλώσσα Διδασκαλίας: 
Greek
Περιγραφή: 

A fairly comprehensive course, covering a wide range of Financial operations. In the first section, the Accounting information model are presented, also the tools and analysis techniques of Financial and Management Accounting. In the second section, the techniques of Financial Management are developed with emphasis on Capital Investment Budgeting, Working Capital Management and Business Financing Management.

Προαπαιτήσεις: 

None

Περιεχόμενο του μαθήματος (Syllabus): 

a. The financial function

  • The Accounting Information System and Fianancial Management.
  • Aim and functions of Accounting. Distinction of Accounting.
  • Principles of Financial Accounting.

b. The Financial Statements

  • The Balance Sheet (Assets, Liabilities, Shareholders’ Equity).
  • Profit & Loss Account-Income Statement (Revenues-Expenses).
  • Cash Flow Statement (Cash inflows-Cash outflows).

c. Financial Statement Analysis & Interpretation

  • The Financial Statement Analysis techniques.
  • Interpretation of Financial Ratios.
  • Conclusions.

d. Cost Accounting

  • Introduction to Management Accounting.
  • Elements of cost. Cost classification.
  • Costing systems.

e. Accounting for Decision Making

  • Costing based on cost variability.
  • Variable & Absorption/full Costing.
  • Applications : Break Even analysis & Short term decision making.

f. Accounting for Control

  • Accounting based on cost calculation timing.
  • Standard & Actual costing.
  • Applications : Budgetary Control & Variance Analysis.

g. Financial Management

  • Aim of Financial Management.
  • Financial posistion. Sources & Applications of Funds.

h. Investment Decisions

  • Time value of money.
  • Budgetary Planning (Fixed Assets Management)
  • Investment Appraisal.
  • Traditional Investment Appraisal methods. Payback Period & Return on Investment (ROI)
  • Contemporary methods. Net Present Value & Internal Rate of Rate.

i. Working Capital management
j. Financing Decisions

  • Financing/capital needs.
  • Sources of Funds.
  • Capital Structure.
  • Cost of Capital.
  • Contemporary financing tools.

k. Dividend policy

Συνιστώμενη Βιβλιογραφία προς μελέτη: 

 Suggested bibliography:

1. Mpekiaris M. – Tzovas Chr., Principles of Financial Accounting, Propompos editions ,2017
2. Kantzos K., Financial Statement Analysis, Interbooks,2002
3. Weston Brigham, Principles of Financial Management and Policy, Papazissis editions.
4. Dimitras Avg. – Ballas Ap., Management Accounting for Planning, Gutenberg, 2009

Additional References :
1. Ciaran Walsh, Financial Ratios & Management, Patakis, 1997.
2. Garrison-Norren, Management Accounting, Kleidarithmos, 2006
3. Vasileiou – Iriotis, Financial Management. Theory & Practice, Rosili, 2008
4. G. Artikis, Financial Management: Investment Decisions, Interbooks, 2002.
5. G. Artikis, Financial Management: Financing Decisions, Interbooks, 2002.
6. Steven Silbiger, 10 days ΜΒ, Kleidarithmos.

Διδακτικές και Μαθησιακές Μέθοδοι: 
  • Distance learning (AegeanMoodle)
  • Use of ICT in teaching

 

Μέθοδοι αξιολόγησης / βαθμολόγησης: 
  • Class participation 10%
  • Final exam 90%
Αντικειμενικοί Στόχοι μαθήματος (επιδιωκόμενα μαθησιακά αποτελέσματα): 

After  the successful course completion the student will be able to:

  • understand the importance of the Information provided by the  Accounting System
  •  interpret correctly the Financial Position (liquidity, effectiveness, efficiency, sustainability, capital structure) of an economic unit  with reference to decision making
  • understand  the use of Management Accounting information and particularly the Cost in the basic Management functions (Planning, Control and Decision Making).
  • understand  the advantages and disadvantages of the investment appraisal methods for correct investment decision making.
  • be familiar with  the characteristics of the modern sources of finance available to the economic units, in order to make the correct choice with reference to cost and risk.
Περίγραμμα του Μαθήματος: 
PDF icon 2. MANAGERIAL ACCOUNTING & FINANCIAL MANAGEMENT.pdf