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Principles of Accounting Course Outline

This course introduces students to financial accounting procedures for processing and communicating financial information to support economic decision making, focusing on bookkeeping and preparing financial statements for a simple business. Students will learn accounting concepts, the accounting cycle, how to prepare accounts and financial statements, and accounting for different business types.

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161 views2 pages

Principles of Accounting Course Outline

This course introduces students to financial accounting procedures for processing and communicating financial information to support economic decision making, focusing on bookkeeping and preparing financial statements for a simple business. Students will learn accounting concepts, the accounting cycle, how to prepare accounts and financial statements, and accounting for different business types.

Uploaded by

judepettersson18
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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BACC 1101/ 1201: FINANCIAL ACCOUNTING I/ PRINCIPLES OF ACCOUNTING

(45 LECTURE HOURS)

Prerequisite: None
Course Purpose
To introduce students to financial accounting for processing and communicating of financial
information to support economic decision making. This particularly focuses on procedures of
book keeping and preparation of the financial statements for a simple business.

Expected Learning Outcomes


By the end of this course the student should be able to:
1. Identify the users of accounting information;
2. Extract ledger accounts;
3. Prepare a trial balance;
4. Describe the accounting cycle;
5. Reconcile cash book and bank statement; and
6. Prepare final accounts of a sole proprietor.

Course Content
Nature, Purpose and Scope of Accounting: Accounting concepts. Source documents. Books of
original entry. The ledger and the Trial balance. Accounting Cycle, Data Collection,
Journalizing, Ledger accounts, Trial balance, adjusting entries, financial statements, closing
entries, post-closing Trial balance: Cashbook and bank reconciliation; accounting for
merchandising operations. Accounting for service operations. Correction of errors. Control
accounts. Final accounts of a sole proprietor.

Teaching Methodology: Lecture methods, case studies, discussions, demonstrations.

Instructional Materials - These will include Tables Smart boards LCD Projectors and
computers, Flipcharts and Videos

Course Assessment
CATs/Assignment/Presentation 30%
End of Semester Examination 70%
Total 100%

Course Text Books


1. Ainsworth, P., & Deines, D. (2019). Introduction to Accounting: An Integrated
Approach. John Wiley & Sons. ISBN: 13: 9780078136603
2. Hermanson, R. H., Ivancevich, S. D., & Edwards, J. D. (2016). Accounting Principles: A
Business Perspective (Financial) Chapters 1-8. ISBN: 978-1-118-44396
3. Jensen, L. (2015) Fundamental Accounting Principles 14th Edition. ISBN
9780470919095
Reference Books
1. Sangster, A., & Wood, F. (2017). Frank Woods' Business Accounting, Vol. 1. ISBN-13:
978-0273712121
2. Hoyle, J. B., Schaefer, T., & Doupnik, T. (2015). Advanced accounting. McGraw Hill.
ISBN 978-0-07-813662-7
3. Cambridge, W & Christensen, F. (2014) Financial accounting for undergraduate, (2nd
edition) ISBN: 978-1618530400

Course Journals
1. Journal of Accounting Research ISSN: 1475-679X
2. Journal of Business Finance ISSN: 1468-5957
3. Indian Journal of Accounting & Finance ISSN: 0973-8711

Reference Journals
1. Management Accounting Research ISSN: 1044-5005
2. Journal of Managerial Finance ISSN: 0307-4358
3. Journal of Accounting in emerging economies ISSN: 2042-116

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