Course Code :
BUS 231
FINANCIAL ACCOUNTING I
Level : Undergraduate
Year : II
Semester : III
Status : Compulsory
Hours/Week : 2+2
ECTS Credits : 5
Total Hours : 60
Course Coordinator :
COURSE DESCRIPTION
The role of accounting as a decision making tool is emphasized throughout the
course. The complete accounting cycle, preparation of financial statements,
accounting for merchandising activities are among the major topics covered during
the semester.
COURSE OBJECTIVES
The aim of this course is to provide students with a basic accounting background.
COURSE CONTENTS
Introduction to Financial Accounting, Code of accounting principles and accounting
standards, Accounts for enterprises, Accounting charter capital and the unpaid
registered capital , Accounting of fixed assets, Accounting stocks, Accounting
companies, Cash, short-term receivables and investments, Accounting costs,
Accounting equity, Obligations, Income and expenditure, Accounting profit and
loss, Free class controlling plan separately from the balance sheet and records,
Development of financial statements and related information and their presentation
TEACHING/ASSESSMENT
Description
Teaching Methods
Lectures, discussion, team work
Description (%)
Student Assessment Methods
Presentation
10%,
Report
10%,
Midterm Exam: 30 %
Final Exam:
50 %.
Learning outcomes
Students will be able to:
 Understand the framework of financial accounting
 Prepare and present the financial statements of limited Companies
 Analyze and interpret financial statements
 Identify, discuss and appraise the sources of finance available to businesses
Language of Instruction
English
Textbook(s)
1.
2.
Financial Accounting, Harrison/ Horngren, Pearson Prentice Hall,
2009
Financial Accounting, Porter/Norton, Thomson, South- Western,
2008