Faculty of Business and Management Sciences · Business Administration (English) · Undergraduate
Course Objective
The objective of this course is to introduce students to the fundamental concepts of accounting, the logic of financial reporting, and the functioning of the accounting process in businesses. Upon completion of this course, students will possess the knowledge and skills to record business activities in accounting records, prepare basic financial statements, and interpret these statements.
Course Content
Definition, purpose, and basic concepts of accounting
Uniform Chart of Accounts and accounting principles
Accounting process and accounting record process
Period transactions and journal entries
Preparing a trial balance
Period-end procedures (closing entries, closing income and expense accounts)
Preparation of basic financial statements (Balance Sheet, Income Statement)
Course Learning Outcomes
- Explain the basic concepts and principles of accounting.
- Classify accounts according to the Uniform Chart of Accounts and apply the rules governing their operation.
- Record business transactions in the journal and the general ledger.
- Prepare a trial balance.
- Prepare the balance sheet and income statement.