ACCOUNTING-I

Course Description

This course is a basic course in financial accounting that covers the fundamental concepts and techniques of introductory accounting. The course is also an introduction to the financial environment, accounting cycle, financial statement which contains theory, practice and application of accounting principles. It also helps students to gain an understanding of basic accounting concepts, develop basic skills using financial accounting information and also helps them to learn principles of accounting control, theft prevention, and safeguarding of assets. The objective of this course is to achieve a strong foundation of accounting principle and to ensure students understand the process of classifying, reporting, evaluating and interpreting financial information.

ACCOUNTING-I

Evaluation Tools (Active Term)

Course outcomes

1. 01 1. Identify the steps in accounting cycle
2. 02 2. Interpret and record the business transactions
3. 03 3-Classify the similar transactions into useful reports
4. 04 4- Summarize and communicate information to decision makers

Course Syllabus

Reference Books & Course Materials

1. 01 1. Williams, Haka, Bettner, Financial & Managerial Accounting, 17th Edition, McGraw-Hill 2015
2. 02 2. Horngren, Harrison, Accounting, 8th Edition, Pearson 2009

Learning Outcomes

1. L01 1-Identify the steps in the accounting cycle SOLO 2
2. L02 2- Interpret and record the business transactions SOLO 3
3. L03 3-Classify the similar transactions into useful reports SOLO 3
4. L04 4- Summarize and communicate information to decision-makers SOLO 4
5. L05 Identify the steps in the accounting cycle SOLO 2
6. L06 Classify the similar transactions into useful reports SOLO 3
7. L07 Summarize and communicate information to decision-makers SOLO 4

Program Outcomes

1. P01 1. Gained the necessary skills to learn and adopt a spirit of continuous learning in their professional life.
2. P02 2. Developed various skills by working independently via specific learned techniques that both triggered individual efforts and encouraged collaborative work.
3. P03 3. Acquired the essential knowledge and skills to apply key theories, models and applications within the global business context.
4. P04 4. Adopted and applied critical and strategic thinking together with research capabilities for efficient and effective business decisions.
5. P05 5. Utilized and managed ethically information technologies required for contemporary business world.
6. P06 6. Been equipped with conceptual and analytical skills necessary for team work within global organizations.
7. P07 7. Displayed their learnt communication skills that are required to effectively interact in a cross cultural and diverse international work environment.
8. P08 8. Applied their acquired knowledge within the changing work environment.
9. P09 9. Developed an understanding of ethical perspectives and social responsibilities to be used at work and in personal life.

Po-Lo Matrix