COURSE INFORMATION
Course Title: INTRODUCTION TO ACCOUNTING
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 132 B 2 3 0 0 3 5
Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Enigerta Halilaj , NA
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: NA
Teaching Assistant(s) and Office Hours: NA
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: E 110 Wednesday 14:30 - 17:15
Course Description: This course is an introduction to the basic concepts, principles and standards underlying the financial accounting system. The course is designed to give students a thorough background in the basic accounting procedures used to operate a business such as analysing, classifying, and recording and reporting business transactions. The course emphasises a general understanding of the complete accounting cycle and the preparation of the basic financial statements.
Course Objectives: This course aims to give the student a basic understanding of the theories, principles, and applications of accounting. Following an investigation of the accounting information system and accounting cycle, the course will deepen knowledge on the components of the balance sheet, using a double entry bookkeeping perspective. By the end of the course, students are expected be able to analyse and record business transactions and to prepare financial statements for service and merchandising companies.
COURSE OUTLINE
Week Topics
1 Review Syllabus, Introduction to Accounting Course
2 What is Accounting, Basic Accounting Equation and Financial Statements
3 The Recording Process
4 The Trial Balance and its limitations
5 Adjusting the Accounts
6 Adjusting the Accounts
7 Quiz & Review before midterm exam
8 Midterm Exam
9 Completing the Accounting Cycle
10 Completing the accounting cycle
11 Accounting for Merchandising Operations
12 Accounting for merchandising operations
13 Accounting information systems
14 Review before final exam
Prerequisite(s):
Textbook: Accounting Principles, 9th Edition by Weygandt, Kieso, Kimmel:Wiley, 2010 Financial Accounting IFRS, 3rd Edition by Kieso, Kimmel, Weygandt, Willey, 2015
Other References: Introduction to Accounting: An Integrated Approach, 4th Edition by Wild:McGraw-Hill, Inc., 2004
Laboratory Work:
Computer Usage:
Others: No
COURSE LEARNING OUTCOMES
1 Explain and Analyze the Accounting Equation and the interaction of its elements.
2 Determine by T-Account analysis where a transaction should be properly recorded.
3 Record transactions in the appropriate ledger accounts using the double-entry bookkeeping system.
4 Adjust the accounts before the completion of the accounting cycle.
5 Complete and analyse the accounting cycle for service and merchandising companies.
6 Prepare and evaluate the Income Statement, Statement of Retained Earnings, Statement of Financial Position and Statement of Cash Flow.
7 Appraise the role and contribution of accounting information system in the firm management and performance.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Business Administration (3 years) Program
1 Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics. 5
2 Apply key theories to practical problems within the global business context. 5
3 Demonstrate ethical, social, and legal responsibilities in organizations. 4
4 Develop an open minded-attitude through continuous learning and team-work. 3
5 Use technology to enable business growth and sustainability. 3
6 Analyze data to make effective decisions. 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Quiz
1
10
Final Exam
1
50
Other
1
5
Total Percent: 100%
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
Activities Quantity Duration(Hours) Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 3 48
Mid-terms 1 12 12
Assignments 0
Final examination 1 17 17
Other 0
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5