INSTITUTE OF BUSINESS & MANAGEMENT SCIENCE/CS
KPK AGRICULTURAL UNIVERSITY PESHAWAR
Programme
Course Name
Course Code
Course Hours
Total Weeks
Total Hours
:
:
:
:
:
:
MBA-I
Principles of Accounting
MBA-702
03
16
48
Course Objectives
Today everyone needs a basic understanding of accounting information especially those students
who are planning careers in business. The students will work with accounting information and will use it in
managing their personal financial activities. Using accounting information is simply a part of everybody
life.
This course introduces students to actual accounting practices techniques. The real focus of the
course is uncovering the meaning of accounting information. A major goal of the course is to develop the
students abilities to understand accounting information and to use this information in making economic
decisions.
Week 1:
Basic Structure of Accounting
Various Accounting Term
Career Opportunities in Accounting/Branches of Accounting
User/Objectives of Accounting Information.
Forms of Business Organization
Week 2:
Generally Accepted Accounting Principles
Specialized Accounting Services
Accounting Information and Types of Accounting Information
Accounting Systems and Function of Accounting Systems.
Week 3:
Basic Financial Statement
Financial Statement the Starting Point in the Study of
Accounting
Balance Sheet and its Contents
Effect of Business Transaction Upon Accounting
Equation &
Balance Sheet
Week 4:
Accounting Cycle Capturing Economic Event
Account and Its Classification
Rules for Debit & Credit,
Accounting Cycles
Week 5:
Recording and Classification of Business Transactions
(Journalizing and Posting Business Transactions to Ledger)
Week 6:
Running Balance Form Account
Trial Balance
Week 7:
Accounting Cycle Capturing Economic Event
Nature of Net Income and Net Loss, Revenue, Expenses &
with Draw.
Income Statement & Statement of Owner Equity, Balance Sheet.
Realization and Matching Principles in Revenue Expense
Records
Week 8:
Accounting Cycle: Preparing An Annual Report
Adjustment and Its Types & Need.
Unearned Revenue, Unrecorded Expenses & Revenue
Un Expired Cost and Closing Entries
Week 9:
Financial Assets.
Bank Statement
Reconciling the Bank Statement
Account Receivable & Interest Revenue
Week 10:
Form of Business Organization
Characteristics of Sole Proprietorship, Partnership and
Corporation
Allocate Partnership Net Income or Loss Among the Partner.
Accounts for Issue of Shares
Accounts for Dividend and Statement of Retained Earning.
Week 11:
Plant Assets and Depreciation
Categories of Plant Asset, Acquisition of Plant Asset
Natural Resources & Disposal of Asset,
Depreciation and Its Methods and Causes.
Week 12:
Unit of Output Method
Straight Line Methods
Declining Balance Method
Week 13:
Double Declining Balance Method
150% Declining Balance Method
MACRS Method
Week 14:
Inventory and Cost of Goods Sold
Specific Identification Cost Flow Assumption,
Gross Profit and Retail Method, Inventory Turnover Rate.
Week 15:
Perpetual & Periodical Inventory System
Cost of Good Sold Using Specific Identification Average Cost
FIFO & LIFO. Methods
Week 16:
Measuring The Cash Flow Statement
Statement of Cash Flow
Classification of Cash Flow Statement
Recommended Books
1.
1.
ACCOUNTING THE BASIS FOR BUSINESS DECISION --- Meig & Meigs 11th
Edition. The McGraw-Hill. Companies years 1996.
FINANCIAL ACCOUNTING BELVERD ENEEDLESS --- J.R. 5th Edition, Mifflin
Company 1995.