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Department of Economics
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This course introduces basic principles accounting methods. It provides a clear reporting methodology for different financial reporting mechanism and helps in understanding the difference between income statement, cash flow statement and balance sheets. It covers different topics such as accrual basis vs. cash basis, current assets, liabilities and receivables.
• Describe basic accounting principles and its methods.
• Examine the main function of accounting and bookkeeping.
• Apply accounting concepts, principles and procedures to record, sort and classify accounting information and prepare financial statements.
• Acquire useful tools to interpret the effectiveness of business decisions and actions.
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