ACC 115 - Financial Accounting 1

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ACC 115 - Financial Accounting 1

• Course Structure

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Course Structure

• Objectives
• Lesson Plan
• Lecture
• Tutorial
• Assessment
• Continuous assessment
• Final Exam
• Materials
• Textbook
• Previous semesters exam papers
• Simulation package

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Objectives

• Upon completion of this course, students should
  be able to
• Have an appropriate level of comprehension of the
  basic accounting concepts
• Grasp in-depth understanding of the accounting
  principles and techniques
• Construct final accounts from transactions
  relating to a sole trader
• Explain the use of ratios to analyse the
  performance of a business

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Lesson Plan

• Lecture
• Mass lecture 2 hours per week
• Covers the theoretical aspect of accounting
• Provides examples and the techniques of know-how
  
• Tutorial questions are assigned towards the end
  of the lecture
• Tutorial
• Tutorial 2 hours per week
• Discussion session
• Conducted in a classroom style

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Topics Covered

• Introduction (Accounting in general)
• Introduction to accounting concepts
• Accounting equation and classification
• Book of original entries
• Principles of double-entry, books of accounts and
  trial balance
• Balance sheet day adjustment and preparation of
  final accounts
• Bank reconciliation statement
• Accounting ratios

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Assessment

• Continuous assessment
• Total 40
• Test 1 10
• Test 2 10
• Quizzes (2) 10
• Simulation project 10
• Final exam
• Total 60