PRINCIPLES OF ACCOUNTING I

(ACCT2001)

Semester Length: 14 weeks

COURSE DESCRIPTION

This course of study is concerned with an introduction to the concepts and uses of financial

information, the preparation of financial statements, analysis of the effect of transactions on the

financial position of a company and the study of ethics in business situations.

 

COURSE OBJECTIVES

On the successful completion of this course the student will demonstrate the ability to:

  • Describe the characteristics of partnerships and corporations

  • Account for transactions in the long term liability section of a corporation’s balance sheet

  • Account for equity transactions of corporations

  • Prepare the statement of cash flows for a corporation

  • Analyze corporate financial statements

  • Distinguish between financial and management accounting

STUDY MATERIAL

Study material is included.

REGISTRATION DEADLINE

Registration Deadline for the Fall Term is scheduled for 15th August each year.