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Course List

Financial Accounting

  • Course Code :
    ACC 102
  • Level :
    Undergraduate
  • Course Hours :
    3.00 Hours
  • Department :
    Faculty of Commerce & Business Administration

Instructor information :

Area of Study :

The objective of this course is to help students to understand the important accounting methods and techniques that affect the preparation and presentation of financial statements. By the end of the course, students are able to identify the different types and accounting methods of calculating inventory. Also, Students understand the petty cash and how to prepare the bank reconciliation statement. In addition, they identify the different types and the accounting treatments for receivables, different depreciation methods of fixed assets, and the accounting for current and long term liabilities

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Financial Accounting

Intermediate financial reporting concepts are the focus of this course. Major topics include: accounting for assets (tangible and intangible), depreciation methods, reporting requirements for current and long-term liabilities, accounting for dividend distributions, accounting for convertible securities and computing earnings per share

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Financial Accounting

Course outcomes:

a. Knowledge and Understanding:

1- Explaining the nature and role of accounting
2- Identifying the main users of financial information
3- Understand the elements, uses, and limitations of each financial statement and the relationships among the statements

b. Intellectual Skills:

1- Distinguishing between financial & management accounting
2- Apply basic tools for analyzing financial statements

c. Professional and Practical Skills:

1- Compute and interpret key financial ratios
2- Explain how financial transactions are processed through the accounting information system each accounting period

d. General and Transferable Skills:

1- Identify and illustrate issues relating to the acquisition, use, depreciation, and disposal of long-lived assets
2- Identify and illustrate how internal controls are used to manage and

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Financial Accounting

Course topics and contents:

Topic No. of hours Lecture Tutorial/Practical
Chapter Seven: Accounting information system 4 3 1
Chapter Ten 4 3 1
Second Mid Term Exam 2
Chapter Eleven: Current Liabilities and payroll accounting 4 3 1
Chapter Eleven 4 3 1
Revision 4 3 1
Chapter Seven 4 3 1
Chapter Eight: Cash and internal control 4 3 1
Chapter Eight 4 3 1
Chapter Nine: Accounting for receivables 4 3 1
First Mid Term Exam 2
Chapter Nine 4 3 1
Chapter Ten: Plant assets, natural resources and intangibles 4 3 1

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Financial Accounting

Teaching And Learning Methodologies:

Teaching and learning methods
Lectures
Data show in lectures
Class discussion
Exercises and cases

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Financial Accounting

Course Assessment :

Methods of assessment Relative weight % Week No. Assess What

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Financial Accounting

Books:

Book Author Publisher
Fundamental Accounting Principles John J. Wild McGraw Hill
Principles of Accounting John J. Wild McGraw Hill

Course notes :

Handouts

Recommended books :

Jerry, J. Weygandt, Paul, D. Kimmel, Accounting Principles, 11th Ed, 2013, John, Wiley & Sons Inc

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