Oman College of Management & Technology
COURSE SYLLABUS
Administrative and
Financial Sciences
Department
Course Code & Title
Semester
Instructor
Class Schedule
Office Hours
Web Site
E-mail
202101 Principle o Accounting I
1st semester 2015/2016
YAHYA ALSARHANI
Room C1
Mon, Wed, 10:30-11:30
www.omancollege.edu.om/YahyaALSarhani
yahya.alsarhani@omancollege.edu.om
Course Description:
This course provides the student with knowledge of basic accounting procedures and theory.
Students are taught the steps of the accounting cycle that result in useful information for
decision makers. Also included are adjusting entries, the preparation of financial statements,
work sheet.
Course Objectives:

Explain what accounting is, Identify the users and uses of accounting.

Explain generally accepted accounting principles and the cost principle.

State the accounting equation, and define assets, liabilities, and owner’s equity.

Understand the four financial statements and how they are prepared.

Define debits and credits and explain their use in recording business
transaction, Identify the basic steps in the recording process.

Explain what a journal , ledger& posting are and how they helps in the recording
process and Prepare a trial balance and explain its purposes

Identify the major types of adjusting entries, Prepare adjusting entries for
deferrals and Prepare adjusting entries for accruals
Learning Outcomes:
At the end of the course students would be able to Know and understand:
 Apply Generally Accepted Accounting Principles when recording business
transactions; maintain a general ledger and prepare an unadjusted trial
balance.
 Prepare the necessary period end adjusting entries, adjusted trial balance, and
financial statements for unincorporated operations; and complete the
accounting cycle.
 Identify all components of an income statement for a merchandising operation
and prepare journal entries under the periodic and perpetual inventory
systems.
 Discuss the basic concepts and design of a manual accounting information
system, special journals, and subsidiary ledgers.
Teaching Methods




Class lectures and discussion covering all topics.
Guided classroom exercises
Seatwork/Board-work
Review questions
Course Time Table:
Week
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Topics
Chapter 1- Definition, nature, uses of Accounting.
The building blocks of Accounting, Fundamental Business Concept
Chapter 2 – the Recording Process
Debits & Credit
Steps in the recoding process: Journal
Steps in the recoding process: Ledger
First –Term Examination
Financial Statements: income, owner equities and balance sheet.
Chapter 3 –Adjusted the Accounting
The basics of adjusted entries
Preparing the adjusted: Trial balance.
Preparing the adjusted : Financial statements
Second-term Examination
Chapter 4 – Completing of the Accounting Cycle
Using a work sheet
Closing the entries
Post-closing Trial Balance
Review
Final Examination
Textbook/References
Accounting Principles,7th Edition by Kieso
Financial Accounting, Second Edition, Jae K. Shim and Joel G. Siegel
Performance Evaluation:
The grade will be based upon the following:
First Exam
Class Participation & Activity
Final Project (Exam)
20%
10%
50%
Student Responsibility:
• Mobile phones must be turned off during class time.
•
Students are expected to participate in class discussion and critiques. Failure to do so will result
in grade reduction.
• Students are expected to follow OCMT’s standardized attendance policy. Lecture attendance is
mandatory. Students are allowed maximum of 15% absence of the total classroom hours.
• Students are required to work on projects in and outside of class, and must Complete all
assignments.
•
•
Meet all deadlines and complete all assignments, (Late papers will not be accepted).
Come on time and staying until class is over.