This 3-sentence summary provides the essential information about the course outline document:
The document outlines a financial accounting course for the first semester, including the textbook, schedule, topics to be covered in each of the 16 weeks ranging from the accounting equation to closing entries and income statements, and the grading policy with assignments, quizzes, midterm and final exam comprising the total grade.
This 3-sentence summary provides the essential information about the course outline document:
The document outlines a financial accounting course for the first semester, including the textbook, schedule, topics to be covered in each of the 16 weeks ranging from the accounting equation to closing entries and income statements, and the grading policy with assignments, quizzes, midterm and final exam comprising the total grade.
This 3-sentence summary provides the essential information about the course outline document:
The document outlines a financial accounting course for the first semester, including the textbook, schedule, topics to be covered in each of the 16 weeks ranging from the accounting equation to closing entries and income statements, and the grading policy with assignments, quizzes, midterm and final exam comprising the total grade.
This 3-sentence summary provides the essential information about the course outline document:
The document outlines a financial accounting course for the first semester, including the textbook, schedule, topics to be covered in each of the 16 weeks ranging from the accounting equation to closing entries and income statements, and the grading policy with assignments, quizzes, midterm and final exam comprising the total grade.
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Course Outline Sheet
Course Name Text book Name Author/Edition Soft wares Reference Class
Semester Lectures /week By Subject Code
General Information Financial Accounting Accounting by Meigs & Meigs, Financial Accounting (Part 1) by Gul Amir Malik
BBA
Email: thisisusme@hotmail .com
Book cover
Tel
1st 2 lectures Subject Credit Hours
Course Description This course is an introduction to the basic concepts and standards underlying financial accounting systems. Several important concepts will be studied in detail, including: revenue recognition, inventory, long-lived assets, present value, and long term liabilities. The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.
Grading Policy 1st Sessional marks ( Quiz+ Assignment+case study) 2nd Sessional marks ( Quiz+ Assignment+case study) Mid term 3rd Sessional marks ( Quiz+ Assignment+presentation/project) Final Term Total Passing Marks
components of accounting, types of accounting. Users of accounting information, types of accounts and terminology of accounting Accounting cycle, introduction to financial statements. Arrangement of elements of financial statements. accounting equation practical based on accounting equation practical based on accounting equation and Balance sheet Quiz 01 Accounting Assumptions Accounting Assumptions left. Rules of Journal Entries & Double entry system. Practical based on journal. Practical based on journal. Introduction of ledger accounts, rules of ledger accounting. practical based on posting into ledger Quiz 02 practical based on posting into ledger trial balance-theory Practicals numerical in trial balance Practicals numerical in trial balance Concept of adjusting entry
Different adjusting entry problems (accrued & prepaid) Numerical on adjusting entries Numerical on adjusting entries income statement and balance sheet classifications operating expenses, non operating expense, operating income and nonoperating incomes and their treatment in income statement preparation of income statement-practical *net profit/net loss) Preparation of balance sheet-practical Closing entries in accounting cycle Practical practice numerical in closing entries. Presentations Presentations
