Accounting for Businesses – Practical Applications – e-learning – Centre for Training and Lifelong Learning

Accounting for Businesses – Practical Applications

Introduction

The training Course “ACCOUNTING FOR BUSINESSES – PRACTICAL APPLICATIONS” is structured into three self-contained Teaching/Thematic Units, lasting three, three and four months respectively. Each unit has been carefully designed to address specific needs and challenges faced by accounting professionals. The overall aim of the Course is to provide comprehensive and flexible training and to cover, both theoretically and in practice, the legislative provisions on the taxation of fixed assets, inventories, receivables, liabilities and equity (increase/decrease), the distribution of profits, transfers of shares and company holdings, business transformations and the taxation of the remuneration of board members and the managing director, as well as staff payroll issues and labour and social security legislation, up to and including the latest legislative amendments. Among other things, trainees will be able to understand the concept and types of employment contract and the stages leading to its conclusion, and to calculate allowances and leave, as well as understand the changes in the tax treatment of staff remuneration and expenses.

Units

I. Computerised General Accounting - Theory and Practice (Duration: 3 months / 60 hours / 2.31 ECTS)

The aim of the Teaching Unit “Computerised General Accounting – Theory and Practice” is the comprehensive practical application of the double-entry method used by the accounting departments of companies keeping Category C books, for sociétés anonymes (AE), limited liability companies (EPE), private companies (IKE), general partnerships (OE), limited partnerships (EE) and sole proprietorships, in accordance with the new accounting standards of Law 4308/14.

II. Staff Remuneration and Expenses (or Payroll) Issues (Duration: 3 months / 78 hours / 3 ECTS)

The aim of the Teaching Unit “Staff Remuneration and Expenses (or Payroll) Issues” is for trainees to acquire comprehensive knowledge and thorough information on all the individual features governing staff payroll matters and the provisions of labour legislation. Case studies and practical applications are provided to further help trainees consolidate and understand the content of the individual units.

III. Business Tax Issues (Duration: 4 months / 102 hours / 3.92 ECTS)

The aim of the Teaching Unit “Business Tax Issues” is for trainees to acquire comprehensive knowledge, thorough information and an understanding of all the individual features governing the tax provisions applicable to legal entities. Through the wealth of examples, exercises and case studies based on real data included in the educational material, the topics analysed are expected to be approached in an easy and comprehensible way.

Scientific Director

Emmanuel Tsiritakis,

Professor, Department of Banking and Financial Management, University of Piraeus

Target Audience

The course is aimed at:

Students and graduates of universities, technological institutes (TEI) and vocational training institutes (IEK)
Economists, accountants, employees of organisations, banks and audit firms, and business executives working in the wider financial sector.
Anyone interested in broadening their knowledge of business accounting as a useful tool for business activities.

Admission Requirements

Participants must have:

Basic computer skills
Internet access
A personal email account

Delivery Method

The Course is attended exclusively online through simple educational software (an asynchronous e-learning platform); digital Educational Material and continuous educational support are provided. Once a candidate is admitted to the Course, a user account is created on the e-learning platform, giving access to the unit of their choice. Within each unit, electronic Educational Material prepared by the responsible instructor is posted on the e-learning platform on a weekly basis. The Educational Material includes electronic notes with theory and examples in PDF format, which can be saved and printed so that study is also possible offline, as well as demo software for hands-on practice in collaboration with Singular Logic where required (Teaching Unit 1). During the course, assignments or self-assessment tests may be set. Trainees have access at any time and from anywhere with an Internet connection to all activities, information sources and announcements of each course, and are given contact details for the instructor so that they can resolve any questions. Participants must:

study the material and the notes
use the links related to the course material
submit assignments, self-assessment tests and final examination answers

Type of Certificate

Trainees who successfully complete all the Units of the Course are awarded a Training Certificate by KEDIVIM of the University of Piraeus. Participants who choose to attend only some of the thematic units are awarded a Training Certificate listing the Teaching/Thematic Units they have successfully completed. If successful completion of the Course is not possible due to discontinuation of studies or failure in the examinations, the trainee is awarded a Certificate of Attendance by KEDIVIM of the University.

See a sample of the certificates awarded, as applicable, here

Teaching/Thematic Units

1Teaching/Thematic Unit 1: Computerised General Accounting - Theory and Practice

In brief, the Course includes the following:

Law 4308/14 GREEK ACCOUNTING STANDARDS
Entities – Categories of Entities
Concepts of the Double-Entry Method
Transition of Businesses to the Double-Entry Method
Movement of Goods and Invoicing of Transactions under the Greek Accounting Standards (ELP)
Formation entries for SA – Ltd – PC – GP – LP – SOLE PROPRIETORSHIPS
Organisation – Legal Establishment of SA – Ltd – PC – GP – LP – SOLE PROPRIETORSHIPS
Keeping Double-Entry Books (Category C)

The Course also covers the accountant's tasks (at the start of a new financial year, and on a daily, monthly and annual basis), which include, among other things, closing the balance sheet and preparing Financial Statements.

* Includes the use of demo software for hands-on practice, in collaboration with Singular Logic

2Teaching/Thematic Unit 2: Staff Remuneration and Expenses (or Payroll) Issues

Specific topics covered:

Dependent employment contract
Organisation and internal control of personnel services
Operating procedures of personnel services
Tax deductibility of staff remuneration and expenses
Accounting for staff remuneration and expenses
Expenses for active staff
Expenses for retired staff
Travel allowances, travel and subsistence expenses of company staff
Contributions and deductions from staff remuneration
Analytical Periodic Declaration (APD)
Payment of contributions to IKA
Withholding tax on salaried employment
Other deductions from employees' pay
Calculating staff remuneration under the provisions of labour law (General part)
Remuneration for employment within the agreed working hours
Employment of salaried staff beyond the agreed working hours
Employment of salaried staff on public holidays and at night, and Sunday work
Allowances for employees travelling away from their base and travel expenses
Christmas and Easter bonuses
Employee absence from work
Employees' annual leave
Holiday allowance
Termination of the employment relationship
Compensation of lawyers upon termination of the relationship or resignation
Fees of commercial agents
Remuneration paid retroactively to staff

3Teaching/Thematic Unit 3: Business Tax Issues

Specific topics covered:

Inventory of business assets
Stocktaking
Valuation of Receivables
Valuation of Participations & Securities
Valuation of Treasury Shares
Business Goodwill
Recognition of Provisions
Methods of Business Merger
Recognition of Provisions
Methods of Business Mergers
Tax Incentives
Profit Distribution of a Société Anonyme
Profit Distribution of Ltds, GPs & LPs
Taxation of Business Profits
Business Conversions
Business Bankruptcies
Classification of Business Losses
Revision Study Topics

Learning Outcomes

Upon successful completion of the Course, trainees will:

✔️ Recognise basic accounting concepts and terms, such as the accounting equation, accounting event, inventory, balance sheet and income statement (Unit 1)

Understand how the double-entry system works (Unit 1)

Can gain hands-on practice with accounting software (Unit 1)

Understand the basic principles and terms of labour law (Unit 2)

Are familiar with the methods and rules of labour relations (Unit 2)

Are able to study and analyse issues of staff payroll and labour legislation (Unit 2)

Are able to assess issues concerning labour legislation (Unit 2)

Understand how taxation affects business decision-making (Unit 3)

Are able to apply valuation methods to the companies involved (Unit 3)

Can assess issues concerning the tax legislation applicable to businesses (SA, Ltd, GP, LP) (Unit 3)

Use various modes of thinking (Units 1, 2 & 3)

Can develop various problem-solving strategies (Units 1, 2 & 3)

Assessment

The examination process takes place remotely via the e-learning platform, with the final examination questions and exercises posted in the form of an assignment with a deadline for submitting answers. Late participation in the final examination may be arranged in consultation with the trainee, provided that no more than one year has passed since their registration in the relevant teaching unit.

Discount Policy

The following discount categories apply:

GROUP A: Unemployed persons, members of large families and families with three children, persons with disabilities, graduates and students of the University of Piraeus, employees of the University of Piraeus (permanent or under contract), municipal employees
GROUP B: Undergraduate students of universities/technological institutes (AEI/TEI) or persons up to 30 years of age holding a European Youth Card, participants of previous cycles, registration for at least two courses in the same period

Please note that:

Discounts are not cumulative.
Each trainee may benefit from only one discount category.
Participants entitled to a discount must submit the supporting documents that will be requested.

Course Fee after discount

	GROUP A	GROUP B	NO DISCOUNT
Total Course Fee	830€	1.000€	1.170€
Fee for Thematic Unit 1	250€	300€	350€
Fee for Thematic Unit 2	250€	300€	350€
Fee for Thematic Unit 3	330€	400€	470€

Payment of Fees

Fees are payable in a single payment or in equal monthly instalments, the number of which corresponds to the duration of the Teaching Unit in months, provided that the fees are paid in full 2 weeks before the end of the Teaching Unit. Failure to pay any instalment will result in the automatic exclusion of the candidate from the remainder of the Course, the examinations and the award of the certificate.

1.170,00 €

Duration:	10 Months / 240 Hours
ECTS:	9.23
Field of Study:	Accounting
Language:	Greek
Scientific Director:	Emmanouil Tsiritakis

Educational Material

Electronic Notes

ENROL