List of Courses

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Description
Outcomes
Contents
Methodologies
Assessment
Books

Principles of Financial Accounting

Course Code :
ACC 201
Level :
Undergraduate
Course Hours :
3.00 Hours
Department :
Department of Economics

Instructor information :

Area of Study :

This course introduces basic principles accounting methods. It provides a clear reporting methodology for different financial reporting mechanism and helps in understanding the difference between income statement, cash flow statement and balance sheets. It covers different topics such as accrual basis vs. cash basis, current assets, liabilities and receivables. Course Goals: • Describe basic accounting principles and its methods. • Examine the main function of accounting and bookkeeping. • Apply accounting concepts, principles and procedures to record, sort and classify accounting information and prepare financial statements. • Acquire useful tools to interpret the effectiveness of business decisions and actions.

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Principles of Financial Accounting

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Principles of Financial Accounting

Course outcomes:

a. Knowledge and Understanding:

1-	Illustrate the accounting equation, the Balance Sheet and the Double Entry System.
2-	Comprehend the role of accounting at micro and macro levels and recording mechanism.
3-	Study the accounting cycle and its effect on financial transactions.
4-	Understand the rules and fundamentals of financial accounting.

b. Intellectual Skills:

1-	Appraise evidence to assess information, recommendations and decisions based on accounting principles and practices.
2-	Analyze financial statements and its preparation.

c. Professional and Practical Skills:

1-	Select and apply accounting concepts and principles to various situations.
2-	Examine Corporations Accounting.
3-	Apply main principles and practices related to the recording and presentation of financial activities of various entities
4-	Prepare income statement and balance sheet.

d. General and Transferable Skills:

1-	Acquire scientific knowledge and the capacity to formalize problems and generalize solutions.
2-	Attain different methodological knowledge and technical know-how.
3-	Gain confidence and knowing how to work towards solutions

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Principles of Financial Accounting

Course topics and contents:

Topic	No. of hours	Lecture
Introductory lecture and course outline - Principles of Accounting: Accounting: Financial Statements and Underlying Principles	6	2
Recording Transactions	6	2
Adjustment of Recorded Data	3	1
Preparation of Financial Statements	3	1
First Midterm		1
Preparation of Spreadsheets	6	2
Accounting for partnerships	3	2
Ethics in Accounting	3	2
Second Midterm		1
Classified Statements and Analysis - Accounts Receivable and Notes Receivable - Acquisition, Sale, Trade, Depreciation, Depletion, and Amortization of Plant, Equipment, and Intangible Assets.	6	2
Final Exam		1

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Principles of Financial Accounting

Teaching And Learning Methodologies:

Teaching and learning methods
Data show and computer in lectures.
Group discussion.
Moodle.

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Principles of Financial Accounting

Course Assessment :

Methods of assessment	Relative weight %	Week No.	Assess What
Course Work (Attendance, Participation, Assignments, Quizzes, Research Paper…)	30.00		To assess theoretical background of the intellectual and practical skills and to assess understanding.
Final Exam	40.00	15	To assess knowledge and intellectual skills.
Midterm Exams	30.00		To assess professional skills.