Course Title

Accounting 1 principles

Course Number

10861111

Instructor Name

Aya Dahboor

Contact Information

[email protected]

Semester(s) and academic year(s)

First Semester 2020
Second Semester 2019
First Semester 2019
Second Semester 2018
First Semester 2018
Second Semester 2017
First Semester 2017

Compulsory / Elective

Compulsory

This course illustrates the main principles, concepts and procedures of financial accounting. As well as recording, summarizing financial transactions and preparing basic financial statements in the context accounting cycle. This course also explains the different inventory system in merchandising companies.

The main objective for this course is for student to identify and know how to complete the accounting cycle 

This objective of this course is to improve the student’s knowledge and understanding regarding the accounting treatment of some items and gain intellectual and practical skills related.

1. Knowledge and Understanding, the students should be able to:

• Understand the basic accounting principles and assumptions
• Understand the accounting equation.
• Analyze transactions 
• Recording entries 
• Prepare financial statements 
• Complete the accounting cycle.
• Understand the accounting for merchandising companies.

2. Intellectual skills, the students should be able to:

• Analyze the effect of each accounting transaction.

3. Practical skills, with ability to: 

• Teamwork skills, when conducting group classwork students’ teamwork skills would be improved.

Weygandt, J., Kimmel, P. & Kieso, D. (2019) financial accounting IFRS edition. 4^thedn. Hoboken: John Wiley & Sons, Inc.