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    Course Outline Financial Accounting

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    joel collins
    The 14-week course aims to equip students with the knowledge and skills to measure business performance and prepare basic financial statements. Key topics include the accounting equation, double-entry bookkeeping, ledgers, trial balances, cashbooks, and correcting accounting errors. Student assessment consists of computer-based tests, assignments, presentations, and a final exam. The course references recommended textbooks and core accounting journals.

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    Course Outline Financial Accounting

    Uploaded by

    joel collins
    197 views3 pages
    The 14-week course aims to equip students with the knowledge and skills to measure business performance and prepare basic financial statements. Key topics include the accounting equation, double-entry bookkeeping, ledgers, trial balances, cashbooks, and correcting accounting errors. Student assessment consists of computer-based tests, assignments, presentations, and a final exam. The course references recommended textbooks and core accounting journals.

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    COURSE OUTLINE FINANCIAL ACCOUNTING

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    The 14-week course aims to equip students with the knowledge and skills to measure business performance and prepare basic financial statements. Key topics include the accounting equation, double-entry bookkeeping, ledgers, trial balances, cashbooks, and correcting accounting errors. Student assessment consists of computer-based tests, assignments, presentations, and a final exam. The course references recommended textbooks and core accounting journals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    197 views3 pages

    Course Outline Financial Accounting

    Uploaded by

    joel collins
    The 14-week course aims to equip students with the knowledge and skills to measure business performance and prepare basic financial statements. Key topics include the accounting equation, double-entry bookkeeping, ledgers, trial balances, cashbooks, and correcting accounting errors. Student assessment consists of computer-based tests, assignments, presentations, and a final exam. The course references recommended textbooks and core accounting journals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Technical University of Mombasa

    KNEC 102: FINANCIAL ACCOUNTING

    Lecturer: Dr.Mwanzia
    Email Address: [email protected]
    Mobile: 0722366637
    This module unit is intended to equip the trainee with knowledge, skills and attitudes that will
    enable him/her measure the results of operations of an economic entity.
    Learning outcomes
    At the end of this course the students should be able to:
    1. Explain the importance of keeping essential business records
    2. Discuss how to prepare and interpret simple financial statements
    3. Outline the need to prepare final accounts for business enterprise

    COURSE PLAN
    Week 1 Introduction to Definition of terms used in Class attendance
    Accounting accounting, users of accounting and participation
    information,information needs,
    qualities of good accounting
    information
    Week 2 Introduction to Nature of accounting Class attendance
    accounting equation,Effects of business and participation
    transactions

    Week3 The ledger and Definition of a ledger and an Class attendance


    the trial balance account, importance of and participation
    ledger,relationship between a ledger
    and an account, classification of
    ledgers,
    Week 4 The ledger and Nature of double entry Class attendance
    the trial balance system,balancing off and participation
    accounts,Definition and
    importance of a trial balance
    Week 5 Types of errors Types of errors that do not affect Class attendance
    and their the trial balance, Errors that affect and participation
    correction the trial balance, suspense account,
    correction of error using suspense
    account.

    TUM is ISO 9001:2015 Certified


    1
    Week 6 CAT 1
    Week 7 Types of errors Suspense account, correction of Class attendance
    and their error using suspense account. and participation
    correction
    Week 8 Source Meaning of source documents, Class attendance
    documents and types and uses of source and participation
    books of documents, relationship between
    original entry. source document and Books of
    accounts.
    Week 9 Books of Definition, classification and Class attendance
    original entry preparation of books of original and participation
    entry,
    Week 10 CAT 2
    Week 11 Books of Posting transactions from books of Class attendance
    original entry original entry to the ledger. and participation
    Week 12 The cashbook Definition and types of cashbook, Class attendance
    types of discounts. and participation
    Week 13 The cashbook Recording transactions in the Class attendance
    cashbook and participation
    Week 14 Revision

    Instructional Materials:
    These will include: tablet, smart board, LCD projector & computers, Flipcharts,
    videos

    Course Evaluation
    CATS/Assignments/presentations 30%
    Final examination 70%
    Total 100%

    Reference Test Books


    i) Harrison, T., Horngren T., Thomas, W. & Tietz W. (2016). Financial Accounting
    (11th ed.). Boston: Pearson Education Limited. ISBN: 978-0134127620;
    0134127625.

    ii) Woods, F., & Sangster, A., (2015). Business Accounting 1 (11th ed.). USA:
    Finacial Times/Prentice Hall ISBN: 978-0273759287; 027375928.

    iii) Woods, F., & Sangster, A., (2015). Business Accounting 2 (13th ed.). England:
    Pearson Education Limited. ISBN: 978-0273767923; 0273767924.
    Core Journals
    i) American Journal of Finance and Accounting. ISSN: 1752-7767
    ii) Journal of Accounting and Taxation. ISSN: 2141-6664

    Recommended Reference Materials for the Course

    TUM is ISO 9001:2015 Certified


    2
    Recommended Texts
    i) Spiceland, D., Thomas, W., & Hermann, D. (2015). Financial Accounting (4th
    ed.). United Kingdom: McGraw-Hill Education. ISBN: 978-1259307959.

    ii) Weygandt, J., Kieso, D., & Kimmel, P. (2018). Financial Accounting. (10th ed).
    United Kingdom: McGraw-Hill Education. ISBN: 978-1119491637.

    Recommended Journals
    i) Research Journal of Finance and Accountancy. ISSN: 2222-2847
    ii) Accounting Research Journal. ISSN: 1030-9616

    TUM is ISO 9001:2015 Certified


    3

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