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Course List

Intermediate Accounting

  • Course Code :
    ACC 201
  • 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 nature of partnerships and corporations. By the end of the course, students are able to understand characteristics of a partnership, formation of a partnership, the distribution of profits and losses among partners, admission of a new partner, withdrawal of an existing partner, and the liquidation of a partnership. Also, Students are able to understand the nature and types of corporations, the formation of capital including the common and preferred stock, calculation of earnings per share, dividends distribution, accounting for short and long term investments, and the preparation of cash flow statements.

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Intermediate Accounting

The conceptual framework, the content and structure of financial statements, present value concepts, current asset, current liabilities, inventories, and property, plant and equipment. These topics are discussed in the context of professional standards and fundamental accounting concepts.

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Intermediate Accounting

Course outcomes:

a. Knowledge and Understanding:

1- Understand the nature of accounting, and its relationship to other sciences
2- Be aware of the different forms of organizations

b. Intellectual Skills:

1- Apply their knowledge to choose the appropriate accounting principles and assumptions to be applied on different situations
2- Apply logical thinking to solve problems related to accounting
3- Identify the methods of recording business transactions in an organization

c. Professional and Practical Skills:

1- Differentiate between the different accounting terms and concepts
2- Analyze, journalize, and post business transactions
3- Prepare income statement, owners’ equity statement, and balance sheet of an organization
4- Analyze, and interpret the information contained in published financial statements

d. General and Transferable Skills:

1- Understand, evaluate accounting problems
2- Apply critical thinking skills to determine and support a solution to accounting problems

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Intermediate Accounting

Course topics and contents:

Topic No. of hours Lecture Tutorial/Practical
Chapter Eleven: Current liabilities & payroll accounting 4 3 1
Second Mid Term Exam 2
Chapter Fifteen 4 3 1
Chapter Seventeen: Analysis of financial statements 4 3 1
Chapter Seventeen 4 3 1
Revision 4 3 1
Chapter Eleven 4 3 1
Chapter Twelve: Accounting for partnerships 4 3 1
First Mid Term Exam 2
Chapter Thirteen: Accounting for corporations 4 3 1
Chapter Fourteen: Long –term liabilities & investments 4 3 1
Chapter Fourteen 4 3 1
Chapter Fifteen: Investment and international operations 4 3 1

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Intermediate Accounting

Teaching And Learning Methodologies:

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

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Intermediate Accounting

Course Assessment :

Methods of assessment Relative weight % Week No. Assess What

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Intermediate Accounting

Books:

Book Author Publisher
Financial and Managerial Accounting Jan R. Williams McGraw Hill
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, Donald E. Kieso, Accounting Principles, 11th Ed, 2013, John, Wiley & Sons Inc

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