Rationale  of the course:

This introductory course will provide the students with basic understanding of the principles and concepts of accounting as well as their applicability and relevance in the practical context and with the ability to apply these principles and concepts in the preparation of financial and related information to meet internal and external obligations.

Objectives of the course:

Ø  Understand the role and principles of financial accounting and reporting

Ø  Record, handle and summarize accounting data

 Ø  Prepare financial statements for service and real estate construction companies

 Ø  Have thorough grounding and the technical skills of accounting necessary to work as an accountant more efficiently and effectively.

Expected outcome of the course:

After completing this course we are expected to have the following skills and knowledge in us:

(a)    Understanding the business transactions and their effect in the accounting equation.

(b)   Differentiating between economic and non-economic activities of business organization

(c)    Recording the transactions in the accounting system by using different accounting tools like journal, ledger, trial balance etc

(d)   Making the adjustments at the end of accounting time periods

(e)    Preparing financial statements

(f)     Completing the accounting process

(g)   Making financial decision of business

Semester Schedule: