Course Information Package
|Course Unit Title||INTRODUCTORY ACCOUNTING I|
|Course Unit Code||ABSA101|
|Course Unit Details||BA Business Administration (DL) (Compulsory courses) -|
|Number of ECTS credits allocated||5|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
Accounting equation: Understanding and applying the basic accounting equation.
Double entry bookkeeping: as applied to: assets, liabilities, capital, revenue, purchases and Expenses. Be able to balance off accounts.
Returns and carriage: Understanding and applying the accounting treatment of returns and carriage.
The ledger and its possible sub-divisions: Understanding the distinction between personal, real and nominal accounts.
Discounts: Applying the accounting treatment of discounts.
Capital and revenue expenditure: Understanding the distinction between capital and revenue expenditure.
Trial balance: The extraction of the Trial Balance from the ledger accounts.
Final Accounts: Introduction to Final accounts.
Adjustments to the final accounts: These include adjustments for accruals, depreciation, prepayments, bad debts and the provision for bad debts.
Preparing final accounts: Preparing the Trading and Profit and Loss Account and Balance Sheet after dealing with adjustments.
|Recommended and/or required reading:|
|Planned learning activities and teaching methods|
The taught part of course is delivered to the students by means of lectures, conducted with the help of computer presentations. Lecture notes and presentations are available through the web for students to use in combination with the textbooks. Lectures are supplemented with class exercises carried out in class and via homework.
|Assessment methods and criteria|
|Language of instruction||English|