ACC131 : Principles of Accounting II

Department

Accounting Department

Academic Program

Bachelor in Accounting

Type

General

Credits

03

Prerequisite

ACC 130

Overview

The student recognizes the reasons for the need for settlement entries, the student understands how to prepare settlement entries, and the existence of more than one method, and the student recalls the importance of accounting principles and assumptions and their impact on the settlement process, and the student explains the reason for the balance (or imbalance) of the settlement list and the statement of financial position

The student recognizes the reasons for the need for settlement entries, the student understands how to prepare settlement entries, and the existence of more than one method, and the student recalls the importance of accounting principles and assumptions and their impact on the settlement process, and the student explains the reason for the balance (or imbalance) of the settlement list and the statement of financial

Intended learning outcomes

When the student passes the course, he can understand the impact of inventory settlements on the accounts related to them, deal with the financial statements as a single unit, trace the effect of inventory settlements to the financial statements in their final form, and link all components of the accounting cycle, starting from the preparation of journal entries and ending with financial statements and closing entries

Teaching and learning methods

Lectures, discussions, exercises, meals, research papers and exams

Methods of assessments

Participate, solve exercises and prepare papers during lectures

Midterm exam first week six

The second midterm exam, the eleventh week

Sixteenth week final exam

Scientific subject	Number of hours per	week
General introduction to the preparation of financial statements and the accrual basis	3	1
Opening entry and trial balance before settlement	3	1
Preparing settlement entries according to the method of initially treating items as an asset or liability.	6	2
Preparing settlement entries according to the method of initially treating items as an expense or revenue.	6	2
Other settlement entries (such as depreciation, inventory, etc.), and closing entries	6	2
settlement list	9	3
applied case	6	2

Accounting for financial companies (ACC 430)
Studies in accounting (ACC 530)
Accounting for Islamic banks (ACC 439)
international accounting (ACC 438)
Contracting projects accounting (ACC 437)
Revision2 (ACC 434)
Additional manufacturing cost measurement2 (ACC 433)
Review I (ACC 432)
accounting administration (ACC 431)
Public fund accounting (ACC 339)
Accounting for banks and insurance companies (ACC 337)
Oil accounting (ACC 336)
Analysis of financial statements (ACC338)
Additional manufacturing cost measurement1 (ACC 333)
Accounting for service projects (ACC 332)
Corporate Accounting (ACC 330)
Planing peincipals (PLA170)
Accounting Principles I (ACC 130)
Principles of Accounting II (ACC131)
Social responsibility accounting (ACC 436)
Accounting systems design (ACC 435)
Accounting departments and branches (ACC 331)
Intermediate Accounting 2 (ACC 231)
Tax accounting (ACC 335)