Department of Accounting & Finance


Mission and objectives of the Department of Accounting and Finance

Welcome to the Department of Accounting and Finance

Accounting/ financial reporting play a crucial role in the business world and society in general, because proper decision-making is based on the right information. The Department of Accounting and Finance of the University of Macedonia aims at providing students with high quality education and training on contemporary fields related to Accounting and Finance without disregarding the importance of other fields, e.g. quantitative, management, information systems and law.

The main advantage of the Department is that it offers a modern Study Program characterized by high quality through which students are offered the opportunity to acquire specialized academic knowledge and skills based on current developments in the field of Accounting and Finance.

In particular, the Department’s Study Program includes courses related to current problems and innovations in accounting and financial management of business in accordance with high-ranking international universities abroad.

In addition, the Department places emphasis on the practical implementation of academic knowledge by integrating laboratory courses, making extensive use of IT tools and enabling students to participate in internships. All the aforementioned elements of the Study Program explain its particular popularity as it is reflected in candidates’ increased admission demand.

Aims and Objectives of the Department

According to its founding decree, the mission of the Department is to “promote and disseminate knowledge through research and teaching in the scientific field of Accounting and Finance and to train top executives who can meet the needs of businesses and organizations of the private and Public Sector”.

The Department’s aims are achieved through its Study Program which is constantly updated in line with international study standards. The Study Program as well as the courses content and teaching methodologies are constantly updated in accordance with scientific developments, new technologies and labor market needs. Specifically, the Department’s aims are achieved through the provision of:
(a) Courses of general and basic training, e.g.:

  • Business Administration (Management, Marketing, Strategic Marketing), Quantitative Methods,
  • Economics
  • Information Systems- Electronic Commerce and
  • Business Law

(b) Accounting and Finance consolidation courses
(c) Laboratory courses
(d) Research development in issues related to businesses and organizations regardless of their legal form or ownership status.

Teaching of quantitative methods allows the quantitative-mathematical study of problems arising in the modern economic environment of business with the ultimate aim of fostering analytical and critical thinking, evaluating and assessing econometric models that illustrate and describe the relationships of financial units; skills that enable students to undertake studies using different types of computer software.
Teaching Business Administration and Marketing contributes to the development of students’ critical thinking and ability to analyze, diagnose and resolve strategic and administrative issues commercial and non-commercial businesses face in the present-day complex external (and internal) environment. In addition, it enhances students’ scientific/ creative thinking on everyday changes noted on the world map of businesses and organizations with the main purpose of fostering their judgment and deepening their thinking towards the challenges they experience in the competitive “area” and “place” they live in and develop themselves personally and professionally and especially in the area of financial science.

The acquired knowledge and skills enable our graduates to operate as:

  • effective executives
  • drivers for change and
  • potential leaders

in businesses and organizations in which they will work. In particular, graduates have the knowledge, skills and competences to successfully operate:

  • in the sector of financial services, e.g. commercial and investment banks, financial companies, insurance companies, management consulting firms;
  • in public services and ministries as accountants, auditors, analysts and evaluators of investment plans;
  • in any type of entity that needs accounting organization and management; in any business that requires budget preparation and planning, preparation and analysis of financial plans, financial projections, financial statement analysis, risk management.

Through all the aforementioned courses, graduates also acquire all appropriate knowledge that enables them to successfully complete postgraduate and doctoral studies in Greece and abroad.



The Head of the Department
Associate Professor Tachinakis Panagiotis