ACT 1010 Principles of Accounting I.docx - SEMESTER: FALL...

This preview shows page 1 - 3 out of 6 pages.

SEMESTER:FALL 2020 – 7/7/2020 – 11/12/2020COURSE:ACT 1010-C PRINCIPLES OF ACCOUNTING-ILECTURER:F.O SELFANODAYS/TIME:Mondays/Wednesdays 3.30 PM – 5.10 PMVENUE:ROOM SCIC/SC1CREDIT:3 UNITSOFFICE HOURS: Monday to Friday 8.00 Am – 10.00TEL/E-MAIL: 0712981706 0R 0730116103 E-mail: [email protected]1.COURSE DESCRIPTIONStudy of the objectives of fundamental concepts of accounting; analyzing and recording financialtransactions; preparation of income statements, the balance sheet and interpretation of financialincome statements; analysis of assets, liabilities and equity; partnerships and corporations; cash flowanalysis; and introduction to software applications in accounting2.LINK TO UNIVERSITY MISSION OUTCOMES & TO PROGRAM LEARNINGOUTCOMESUSIU mission outcomes include higher order thinking, literacy, global understanding and multi-cultural perspective, preparedness for career, leadership and ethics and community service. Thiscourse ensures that learners acquire critical thinking skills, appreciate the financial nature ofbusinesses and prepare the learners to have basic understanding and application of the financialprinciples.3.EXPECTED COURSE LEARNING OUTCOMESAt the end of this course the student should be able to:Explain the fundamental principles and concepts of accountingRecord and analyze the financial transactions of a business firmPrepare and interpret the basic financial statementsAccount for cash and cash equivalents and other assetsAccount for current liabilities and equity capitalExplain the merits and demerits of computerized accounting1
4.COURSE CONTENT4.1&2 WEEK 1-2: INTRODUCTION TO ACCOUNTINGTopic Learning OutcomesAT the end of this topic the student should be able to:Explain the nature, purpose and objectives of accountingIdentify the users of accounting informationExplain the accounting equationExplain the accounting framework-fundamental accounting principles, conventions andconceptsDiscussion Sub-TopicsPurpose and objectives of accountingUsers of accounting informationThe accounting frameworkAssignment/Activity: Class DiscussionCourse Texts

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 6 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Summer
Professor
NoProfessor
Tags
Balance Sheet, Generally Accepted Accounting Principles

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture