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
