The first volume describes, in simple scientific terms, the financial statements of businesses (balance sheet and income statement), analyzing them into their components (assets, liabilities, revenues, costs, expenses) based on modern views of the Greek Accounting Standards, the year-end inventory, the description of Accounting Law (Greek Accounting Standards - Law 4308/2014, VAT) and its basic principles, the double-entry method, accounting events, books and documents, the internal control of the supporting documents of accounting events, the correction of accounting errors, accounting principles, year-end accounting entries, and finally the principles of preparing cash flow statements using both the direct and indirect methods and the statement of changes in equity.
At the end of the first volume, the answers to the exercises are provided.
Additionally, attached based on the Greek Accounting Standards are:
a) the templates for individual financial statements, and
b) the chart of accounts.
