Course introduction:

Don’t worry at all! This is an introductory accounting course which is very interesting and somewhat funny. Of course very important for all irrespective of our discipline. In teaches us the basic accounting issues to enrich us with the fundamental activities of accounting so that we may have at least the minimum command on the financial activities of the organization as well we can engage ourselves in the business decision process. We hope to enjoy the course.  

Course Objectives:

(a) Understand the role and principles of financial accounting and reporting

(b) Record, handle and summarize accounting data

(c) Prepare financial statements for service and real estate construction companies

(d) 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

Student Activity Guidelines for BLC.

Please listen to it carefully to know how to use BLC