Defining the science of accounting, the principles and assumptions that
govern it, the accounting cycle, the budget equation, the basics of preparing
the double entry, distinguishing between debit and credit accounts, determining
the effect of transactions on the budget equation, recording and posting
entries in the accounting books with the preparation of the trial balance and
the preparation of financial statements (income statement, and the position
list financial) and discover accounting errors and treat them
Intended learning outcomes
When the student passes
the course, he can link the assumptions and accounting principles and the
various accounting operations to deduce the reason for the balance of the
budget equation after each accounting entry. Linking the components of the
accounting cycle: Starting from preparing the daily entries, to preparing the
financial statements (income statement and financial position statement).
Linking the components of the accounting cycle: Starting from preparing the
daily entries, to preparing the financial statements (income statement and
financial position statement). Solving the problem of unbalanced trial balance,
or unbalanced statement of financial position.
Teaching and learning methods
Lectures, discussions, exercises, meals, research papers and exams
Methods of assessments
Participate, solve exercises and prepare papers during lectures
