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    Course Outline - Introduction To Accounting

    Uploaded by

    Nur Abdallah
    This document provides an outline for a 3-credit Principles of Accounting I course offered in the 4th semester of 2018. The course will introduce students to fundamental accounting concepts like the accounting equation and accrual accounting. Students will learn how to analyze transactions, prepare accounts, and communicate financial information. Key topics include the accounting cycle, merchandizing operations, inventory costing methods, and internal cash controls. Students will be assessed through quizzes, homework, attendance, a midterm exam, and a final exam. The primary textbook is Accounting by Horngren et al.

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    Course Outline - Introduction To Accounting

    Uploaded by

    Nur Abdallah
    191 views3 pages
    This document provides an outline for a 3-credit Principles of Accounting I course offered in the 4th semester of 2018. The course will introduce students to fundamental accounting concepts like the accounting equation and accrual accounting. Students will learn how to analyze transactions, prepare accounts, and communicate financial information. Key topics include the accounting cycle, merchandizing operations, inventory costing methods, and internal cash controls. Students will be assessed through quizzes, homework, attendance, a midterm exam, and a final exam. The primary textbook is Accounting by Horngren et al.

    Original Description:

    Principles of Accounting I

    Original Title

    Course Outline - Introduction to Accounting

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    This document provides an outline for a 3-credit Principles of Accounting I course offered in the 4th semester of 2018. The course will introduce students to fundamental accounting concepts like the accounting equation and accrual accounting. Students will learn how to analyze transactions, prepare accounts, and communicate financial information. Key topics include the accounting cycle, merchandizing operations, inventory costing methods, and internal cash controls. Students will be assessed through quizzes, homework, attendance, a midterm exam, and a final exam. The primary textbook is Accounting by Horngren et al.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    191 views3 pages

    Course Outline - Introduction To Accounting

    Uploaded by

    Nur Abdallah
    This document provides an outline for a 3-credit Principles of Accounting I course offered in the 4th semester of 2018. The course will introduce students to fundamental accounting concepts like the accounting equation and accrual accounting. Students will learn how to analyze transactions, prepare accounts, and communicate financial information. Key topics include the accounting cycle, merchandizing operations, inventory costing methods, and internal cash controls. Students will be assessed through quizzes, homework, attendance, a midterm exam, and a final exam. The primary textbook is Accounting by Horngren et al.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    ABAARSO TECH UNIVERSITY

    COURSE OUTLINE

    Course Description
    Course Title Principles of Accounting I
    Credit hours 3 Page | 1
    Semester 4th
    Year 2018

    Instructor Nur Yusuf Abdilahi


    BBA, EMBA

    Contacts
    [email protected]
    063 - 6627484

    Course Overview
    Accounting Principles I is the student's introduction to accounting concepts.
    The class will cover accounting theory, principles and practice. Learn about
    accrual accounting concepts, transaction analysis and the recording process.
    The student will gain an in-depth understanding of the preparation and the
    proper reporting of various accounts.

    Objectives
    By the end of this course, a student should be able to:

     Gain thorough understanding of the nature and purpose of financial


    statements
     Acquire fundamental concepts and practices of accounting to analyze
    accounting records and financial statements.
     Develop the ability to prepare various accounts and effectively
    communicate information to a variety of audiences.

    Text Book
    Charles T. Horngren, Walter T. Harrison JR, M. Suzanne Oliver, (2012),
    Accounting Ninth Edition, Pearson Prentice Hall, Upper Saddle, New Jersey.

    Additional References
    Jonathan E. Duchac, James M. Reeve, Knoxville Carl S. Warren, (2007)
    Financial Accounting: An Integrated statements Approach 2nd Edition,
    Thomson South-western; Thomson Corporation.

    Access Online https://stiemahardhika.files.wordpress.com/2014/12/financial-


    accounting-duchac-reeve-warren.pdf
    James Don Edwards Roger H. Hermanson, Accounting Principles: A Business
    Perspective, 1st Global Edition Text Volume I

    Access Online https://www.saylor.org/site/wp-


    content/uploads/2012/10/Accounting-Principles-Vol.-1.pdf
    Page | 2
    Course Contents
    Chapter One: Accounting and The business Environment
     Accounting : The Language of Business
     Users of Financial Accounting Information
     Accounting Profession and Governing Organizations
     Types of Business Organizations
     Accounting Concepts and Principles
     The Accounting Equation
    Chapter Two: Analyzing and Recording Business Transactions
     Accounts , the Journal and the Ledger
     Journalizing Transactions and Posting to the Ledger
     Trial Balance from T – accounts
    Chapter Three: Adjusting Process
     Accounting Principles – Review
     Adjusting Entries
     Adjusted Trial Balance
     Financial Statements
    Chapter Four: Completing the Accounting Cycle
     Closing Accounts
     Post Closing Trial Balance
    Chapter Five: Accounting for Merchandizing Operations
     Inventory System - Perpetual Vs Periodic
     Purchase and Sale of Inventory
     Adjusting and Closing Accounts of Merchandizing enterprises
     Preparing Financial Statements
     Three Ratios for Decision Making
    Chapter Six: Inventory
     Inventory Costing Methods
     Inventory Accounting in Perpetual System
     Inventory Accounting in Periodic System
    Chapter Seven: Cash
     Internal Control of Cash
     Bank Reconciliation Statement
    Page | 3

    Delivery Methods
    Lecture
    Discussion
    Class work

    Course Assessment
    Quiz 15%
    Homework 10%
    Attendance 5%
    Mid Exam 30%
    Final Exam 40%
    Overall Marks 100%

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