Course Title

Intermediate Accounting I

Course Number

10861224

Instructor Name

اسماء عبد الحق

Contact Information

[email protected]

Semester(s) and academic year(s)

Second Semester 2024
First Semester 2024
Second Semester 2023
First Semester 2023
Second Semester 2022
First Semester 2022

Compulsory / Elective

Compulsory

This course introduces  the theory and concepts underlying financial accounting, it is a foundational course designed to build on the principles of financial accounting. it deals deeper with conceptual framework standards and practice of financial accounting and preparing the financial reports.

 The objective of this course is to improve the student’s knowledge and understanding regarding theory and concepts underlying financial accounting and preparing financial reporting.  In addition to the accounting treatment of some item.

Knowledge and Understanding

• Discuss the framework of financial reporting and explain the three levels.
• Identify the content of the income statement and retained earnings statement.
• Identify classified statements of financial position statement and cash flows statement.
• Explain the financial assets and cash and cash equivalents and the current and non-current receivables.
• Identify and apply inventory valuation and Describe inventory's reporting issues

Intellectual skills, the students should be able to:

• Analyze the effect of conceptual frame work's levels on financial reports and on individual's decision making usefulness (critical thinking)
• Apply the basic principles and assumption and constraint in preparing financial reports.

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Kieso, D.,Weygandt, j. & Warfield, T. (2020) Intermediate accounting IFRS edition. 4^thEdn. USA: John Wiley & Sons, Inc.