PRINCIPLES OF ACCOUNTING (6 SCU)

Learning outcomes:

Upon successful completion of this course, students are expected to be able to illustrate the business process-based accounting cycle, explain the scope of financial statement accounts, recognition, measurement, and presentation based on IFRS, apply the initial recognition & initial measurement of particular financial statement accounts, construct simple company financial statements, explain ethical issues in accounting, apply a simple accounting information analysis, and use accounting software to record simple economic transactions.

Topics:

This course introduces the role of accounting in business transactions and the role of accounting professions in business society. This course also provides a foundation for other financial accounting courses. The topics covered in this course include accounting conceptual frameworks, accounting cycles, accounting equations, basic accounting concepts (assets, liabilities, equities, income, and expenses), identifying, recording, and reporting business financial transactions to prepare company financial statements (financial position statements, income statements, cash flow statements, statements of changes in equity).

Prerequisite(s): None