The economic activity of the business, but also of every organization, presents two basic needs: the finding of resources and the recording of each transaction. The first need created the science of Finance and the second of Accounting.
Moreover, information technology enables the electronic processing of data from both sciences, so that the utilization and communication of information is immediate.
The three above parameters constitute the basis of this ICBS educational program. It is a modern and effective program, adapted to the current needs of the Greek economy and capable of meeting future ones.
Students of the ICBS Accounting and Finance program come into contact with international economic data, developing analytical skills and rational criteria.
Their interaction with information technology integrates them into modern business thinking, teaching them to make decisions quickly and correctly. They can efficiently handle every financial need, from accounting to financing.
Start:
October
Duration:
4 years
Study hours:
Daily - Morning
Language:
Greek
Requirements for enrollment in undergraduate study programs
To enroll in undergraduate programs, candidates must be graduates of a general or technical high school. All the main bibliography required to understand the learning outcomes of the programs is in Greek. Knowledge of English is not necessary to understand the learning outcomes of the program, but it will enhance your learning experience.
For each Academic Year, enrollment begins on April 1 and ends on October 30.
For the enrolment you must submit the following supporting documents:
- Two copies of the High School Diploma, certified by the Headmaster or a Lawyer
- Four ID photos (color – 3x4.5)
- Copy of ID
- Completed application for enrollment in the selected field of study
Students are given the option of postponing military service until they reach the age of 25.
A specific admission procedure is followed for each Department of the College.
Visit the College facilities to be informed in person.
By enrolling at Athens International College, students are simultaneously enrolled at the University of Winchester, which also grants the corresponding student ID.
Grab your seat today and fill the Application Form.
The convergence of telecommunication and the endless improvement of computer technology generates new structure in our personal and corporate life as well. Hardware and software are mandatory elements for a company in order to be able to manage the internal and external information flow. Therefore, the course is required to: a) provide students with a strong conceptual framework for understanding the structure and operation of Business Information Systems; b) Allow them to develop a "socio-technical" approach to Information Technology, which connects the business with technology and people; and c) introduce students to the basic concept of computer architecture and various technologies in a network environment for the development and implementation of business applications.
The module introduces the students to the operations of accounting and intends to present and adopt the modern techniques of registrations of the transactions, and thus present the actual financial situation of the business. This is implemented through the analytical presentation of the diary of the transactions, so that the accounting provides the required financial protection of the business, and is helping to make the right decisions, and thus succeed their corporate goals. The students are presented with real life situations and are required to demonstrate their ability to identify problems and, then select, among alternative theoretical options, which one is more suitable to be applied in the specific situation.
The essence of Management refers to the role, functions and techniques of management. The module introduces students to the concept of management by exploring the roles and factions of managers and the way they will manage effectively in the business environment. It is also providing a framework to students to understand the interconnections of the different aspects of management, and how they fit together in an organization. Students will study all the relative areas (i.e. programming, types of goals, planning, steps of the process, who plans, why and when, etc.). They will also be introduced to the theoretical frameworks, concepts and principles, as well as, the research evidence that tests the theories.
This module aims to give an introductory course in modern Macroeconomic theory and its applications. The scope of the lectures will be focused on familiarizing the students with basic concepts of economic and monetary analysis, such as a) investment theory, b) the laws of supply and demand, c) monetary and fiscal policy, and d) international trade and economic development, among others. The theoretical framework of the lectures will be accompanied by case studies and workshops, which will focus on the interpretation and analysis of data, presented by a variety of sources of contemporary economic discourse. The module will also examine the effectiveness of economic theoretical framework on the tackling of modern economic issues, such as those of economic development, economic investment (local and foreign direct) and others. Finally, the course of the Hellenic economy throughout recent history will be reviewed, inside the economic and legislation frame of the European Union, with special note on fiscal activities and the engagement on international trade.
This is an introductory module where students are encouraged to develop a general understanding of the scope, nature and content of modern microeconomic theory and its applications. They will study the techniques of model building and analytical reasoning used in microeconomics, using diagrams, statistical charts and other tools. There is an emphasis on evaluating and solving real problems faced in market economies. More specifically, the laws that govern the behaviour of the consumer and the entrepreneur, the mechanisms that influence the change of those behaviors, the importance of reaching the market equilibrium. Finally, an attempt is presented to establish an insight into the ins and outs of the Hellenic micro-economic environment (i.e. the long-term existence of oligopolistic practices, the high inelastic cost of business, and others) and the methodology with which the theory can be applied to them.
The objective of the module is to approach Law in connection with People, Society, Economy and International Community. It will emphasize to the branch of Commercial and Business Law and in particular a) to the various types of trading companies recognized by Greek and E.U. Law, b) to the significance of cheques and bills of exchange and their applications to commercial transactions, and c) to the way that Greek law regulates bankruptcy. Students will be presented with examples of court decisions, which will clarify the way differences between partners and law offences are treated by the law. There will be cases of creating a commercial (profit) company, and a not for profit organization (NGO).
The module is designed to provide to the students with a further understanding of the total accounting process. They will understand the role of accounting in processing company data and controlling company assets. Further to the emphasis that is placed on understanding the reasons behind the required procedures and the learning of how to interpret financial data, the students will be familiarized with the deeper analysis of the accounting situation in a corporation, and the control of the financial statements. Practical situations will be critically analyzed with case studies, and other paradigms from the real world, so that the students will be more familiarized on how to implement the theory to practical situations
This module will encourage students to develop an understanding of the main theoretical and conceptual frameworks and models that underpin analysis of all main operations of management. These frameworks will be developed and applied in appreciating the complexities involved in developing and applying policies and techniques to the resources of the organization. The module introduces students to the concepts of management by exploring the roles and functions of managers, and the ways they will be able to manage effectively in business environment. It also provides a framework to them in order to understand the importance of effective communication within an organization.
The aim of marketing module is to introduce students to the basic principles of marketing. Furthermore, is to develop a basic understanding of marketing within a firm. Key contents include Philosophy of Marketing, micro and macro environment, consumer behaviour, marketing research, segmentation and positioning. Emphasis will be given in theoretical analysis in order to develop basic marketing thinking. The objectives of the modules are to explain the importance of a target market and implementation of a marketing mix, to understand the consumer behaviour process and explore the different factors that influence it and articulate the segmentation and positioning techniques for the development of a marketing plan.
This is an essential module for Business Administration. It will concentrate on operations management which can be applied in general terms to almost all business activities from manufacturing, retailing, service and the public sector. Issues such as the business operations design, capacity management and control, customer service, inventory and distribution management, JIT and MRP philosophies, location and layout, new product and service development; production, operations procurement, quality management, queuing, supply chain management, and globalization which have become areas of concern in all organizations, will be discussed. The Operations Management module aims to introduce a big-picture overview of these essential functions within a company. The module objectives are to enable students understand the key concepts and the scope of operations management and to help them assess different framework of operations management.
Statistics is the scientific field that involves methods of collection, presentation and analysis of quantitative data in order to make better decisions under uncertainty. This module focuses on presenting various statistical techniques and their applications that assist in making business decisions. The theoretical framework of the module aims at encouraging students to identify and apply appropriate statistical techniques and methodologies for a variety of research questions, present and interpret statistical findings. This module will cover the basic tools used to describe data for the purposes of transforming data into information. In addition, the module will present basic probability concepts, rules and distributions in order to answer problems which involve business applications. An introduction to the fundamentals of statistical inference will be provided in order to show how it is possible to examine a sample of data to reach conclusions about population.
The module introduces students to the role and purpose of the management accounting within a business. This module cover issues arising from the application of modern management accounting techniques, such as: the application of Balance Scorecard, preparation quality cost report; managing environmental cost; Just in time; international aspects of management accounting, information for short and long term decision making, impact of risk and uncertainty within decision making, cost planning and analysis within competitive situations, modern competitive environment and international aspects of management accounting.
The module will introduce basic corporate and personal finance concepts, including the time value of money, financial markets, shares and bonds, financial risk and return, and the elements of investment. Student will become familiar with the key topics in financial theory and application as a basis for further studies in finance. The module also will introduce students to fundamental concepts underlying financial management, including how a business is financially structured and how to plan financially for business profitability.
The main aspect of Business & International Environment module is to provide students with an understanding of the increasingly complex global business environment, the challenges and dilemmas this presents for managers and organisations, and the variety of organisational forms and corporate strategies employed in contemporary international business. The module covers the major trade flows in the world, the politico-economic rationale for international trade, the specific market environments in which companies will operate, the role and importance of multinational enterprises in international business and the various tariff and non-tariff barriers to international trade. Furthermore, there will be an inquisitive analysis of the economic history of the twentieth century and the ever-increasing role of international organisations and their importance in managing the issue of global economic development and the impact on local economies. Finally, an extensive economic outlook on the specific of the Greek economy will be provided for students to comprehend the dynamics and flaws of the local business environment inside the space of international economic activities.
This module aims to enable students to acquire knowledge and understanding of the core areas of human resource management (HRM) and to apply these in a range of organisational settings. It provides students with an understanding of the issues involved in the staffing of organisations, including the recruitment and selection of staff, their training and development, the ongoing challenges in motivating different kinds of employees, both in terms of rewards and pay as well as through the ways individuals and groups can be supported in their work. Main objectives are, the understanding of different key HR issues, the critical evaluation of their effectiveness and understanding of the necessity of integration of HR practices with the company’s strategy.
The aim of the module Marketing Practice is to introduce key terms and theoretical concepts, for all four components, product/service, price, place and promotion of the marketing mix and help students develop an understanding of the role of marketing within an organization. During the delivery of this module students will become familiar with various topics, including product portfolio, product development, branding, pricing techniques, integrated marketing communications and distribution channels. The module’s objectives are to present all elements of the marketing mix and underline its importance for the company’s viability and profitability. A second objective is to build a thorough understanding of the importance of marketing as a cross functional activity in the organizational context
The essence of Financial Resources Management concerns decisions about (a) risk expected return on investment using the CAPM model, (b) making decisions about capital investment – how to evaluate investment projects in a tax or non-tax environment, and (c) making decisions for setting the optimal capital structure of a company, calculating the cost of capital and distributing dividends. Also, will be analyzed and examine, the theoretical frameworks, concepts and principles associated with these types of decisions.
Financial accounting serves the purpose of communicating information about firms to the users of financial statements for the purposes of control, financial performance assessment and the valuation of the firm. The module covers the topics of intangibles and accounting for leases and accounting, cash flow accounting deprival value for depreciating assets and accounting for long term contracts and reporting EPS. The module concludes with a review of principal-agent relationships to provide a framework to understand and appraise the role of financial accounting information as a mechanism for aligning the interests of the different groups, such as managers, shareholders and lenders, that contract with firms
The module focuses of the description of the working environment and activity of a company or organization and the auditor's environment and responsibilities. Emphasis is given to the basic procedures needed to gather sufficient and competent audit evidence and to the description of the procedures needed to complete the audit and issue the auditor's report.The module covers all the theoretical and practical framework of audit, in the context of control systems. Issues such techniques used in system-based controls, the evaluation of corporate governance in Greece, problems and recommendations concerning corporate governance, are also covered with emphasis in their implementation and application
The module enables systematic study and analysis of the cost-oriented approach of business units and the costing of operations, products, services, with the development of the costing systems, which operated until today. Also, the instruction of how all the procedures of the estimation of costs will assist students to make strategic decisions about the costing policy of the business. The module also introduces the students to the method of continuous cost accounting of products and the analysis of confrontation of problems at the cost accounting of products and services of enterprises. This is done by introducing a series of case studies and paradigms from the real life, which permit the students to apply the theory in practical cases, and so understand better how to implement the principles that they have been taught
The essence of Financial Statement Analysis concerns decisions about (a) the techniques used for financial statement analysis of companies and (b) the application of appropriate techniques in the analysis and forecast of time series of earnings. The module introduce students to the theoretical frameworks, concepts and principles associated with these types of decisions, as well as the research evidence that tests the theories. Financial statement analysis traces a company’s rise or fall from its inception to the reporting date. Investors and financial analysts can review the firm’s operations over many years, pinpointing specific parts of its business along the way. Accounting report review refers to the way a company or investor analyzes corporate performance and how the analyst compares such performance to rivals’ achievements
The module introduces students to the role and purpose of the management accounting within a business. Lectures and practical tutorials guide students through issues arising from the application of modern management accounting techniques. For example: managing environmental cost; just in time; international aspects of management accounting, information for short- and long-term decision making, impact of risk and uncertainty within decision making, cost planning and analysis in competitive situations, modern competitive environment and international aspects of management accounting. Management accounting has evolved from being purely concerned with the recording and measurement of costs, to supporting decision makers in their daily and strategic decisions
The essence of Investment Appraisal concerns decisions about (a) the appraisal of long-term investments of companies and (b) the application of appropriate techniques in the forecast of cash flows. The module covers issues such as Business Planning, Capital budgeting and case studies on evaluation of new investments. Investment appraisal involves a series of techniques, which enable a business to financially appraise investment projects. There are five main methods: payback period, accounting rate of return, net present value (discounting), internal rate of return, profitability index. Effective appraisal methods are valuable tools in supporting investment decision-making.
Important part of today private economic activity is practiced via corporate enterprises, but also a lot of government owned enterprises are organized, and they function with institutions that were shaped in the frames of corporate law. The content of accountancy in the companies consists with elements which are governed by the existing legal framework that places a frame for the corporate economic units. This includes a wide spectrum of subjects as the constitution and the solution of companies, the fluctuations of their capital, the publication and the depreciation of collateral trust bonds. These lead students to understand the legal prerequisites for mergers, acquisitions and mergers of companies, and to present the accounting problems associated with legal forms of business. The students need also to understand the concept of Social Accounting and International Accounting as they have developed
The module enables the students in the analysis of Greek Tax regulations and VAT according to the current system and in the ways of confrontation of various subjects that face the enterprises in the practice. Also, the module introduces the students to the analysis of the sources of income of physical or legal persons, the income tax, the tax system and policy and the styles of confrontation of tax low. The module critically uses information on Tax regulations in order to develop options and alternatives available to individuals and businesses. Finally, the module gives the opportunity to the students to assess the financial impact of the current tax regime as well on decisions concerning investments and corporate expansion
This module focusses in the study of money, interest rate, capital and money markets, stock exchanges, derivatives. There will be a particular emphasis on developments related to the current economic crisis, including the operation of markets for credit derivatives and proposals for reform of the financial services industry. The module describes modern capital markets with emphasis on the evolution of derivative instruments and the challenge these instruments pose to the regulatory system. It will explore the definition of the term’s "security", “return and risk” in the transactions of the financial markets
Entrepreneurship is defined using the management approach as a characteristic pattern of management behaviour which has innovation outcomes. Entrepreneurship is a pattern of behaviour capable of application to all types of organisation – public sector, not-for-profit and commercial organisations. Every organisation requires innovation expressed as a need to introduce and “make new things happen” for one reason or another. Given these facts, the essence of this module is to cover issues such as Creativity and Innovation, Entrepreneurial Management and value creation concepts and theories
The essence of International Finance is the introduction of the international financial system to the students. Emphasis will be given in the analytical study of the various financial institutions, such as the IMF, the World Bank, the ECB etc. Introduce the student into the international economic system, the way it works and analyzing the processes that private businesses and states need to follow in order to gain access to it. Students will understand and compile information on the functions and work of the international economic system and specific economic organizations such as the International Monetary Fund, the World Bank, the European Central Bank, etc., and apply methods and techniques for assessing threats and opportunities offered in international economic activities and suggest appropriate actions. Based on the theoretical knowledge of the module, that will be able to evaluate and advise on the procedures followed by the international financial institutions for lending to businesses and governments
