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: Lindita Gjika , 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: B013 12:30-15:15
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 main objective is to provide students with a basic understanding of the theories, principles, and applications of accounting. By the end of the course, students will be able to analyse and record business transactions and prepare the financial statements in accordance with the accounting standards. The course will deepen knowledge on the accounting of the merchandising companies using a double-entry bookkeeping perspective.
COURSE OUTLINE
Week Topics
1 Review Syllabus, Introduction to the accounting course
2 Basic Accounting Equation and Financial Statements
3 The recording process
4 The recording process
5 The recording process
6 Review for the midterm exam
7 The midterm exam
8 Adjusting the accounts
9 Completing the accounting cycle
10 The Classified Statement of Financial Position
11 Accounting for merchandising operations
12 Accounting for merchandising operations
13 Accounting information systems
14 Review for the final exam
Prerequisite(s): NA
Textbook: Accounting Principles, 9th Edition by Weygandt, Kieso, Kimmel:Wiley, 2010 (Chapter 1 – 5, 7) http://bcs.wiley.com/he-bcs/Books?action=chapter&bcsId=8114&itemId=1118323661&chapterId=90289 http://bcs.wiley.com/he-bcs/Books?action=contents&itemId=0470646462&bcsId=6406 Financial Accounting IFRS, 3rd Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt, Wiley, 2015 http://bcs.wiley.com/he-bcs/Books?action=index&itemId=1118285905&bcsId=7352
Other References: Introduction to Accounting: An Integrated Approach, 4th Edition by Wild:McGraw-Hill, Inc., 2004 Parimet Bazë të Kontabilitetit, Sotiraq M. Dhamo, 2010
Laboratory Work: NA
Computer Usage: NA
Others: No
COURSE LEARNING OUTCOMES
1 At the end of this course the students will be able to: Explain and analyze the Accounting Equation and the interaction of its elements.
2 Record the transactions in the appropriate ledger accounts using the double-entry bookkeeping system.
3 Understand the use of T-accounts.
4 Adjust the accounts before the completion of the accounting cycle.
5 Complete and analyze the accounting cycle for merchandising companies.
6 Prepare and analyse the classified statement of the financial position.
7 Prepare and analyse the classified income statement.
8 Identify organizational information technology components and risks that can affect financial systems
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Economics (3 years) Program
1 Students define the fundamental problems of economics 4
2 Students describe key economic theories 2
3 Students critically discuss current developments in economics 4
4 Students appropriately use software for data analysis 3
5 Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic 3
6 Students apply appropriate analytical methods to address economic problems 4
7 Students use effective communication skills in a variety of academic and professional contexts 3
8 Students effectively contribute to group work 3
9 Students conduct independent research under academic supervision 3
10 Students uphold ethical values in data collection, interpretation, and dissemination 3
11 Students critically engage with interdisciplinary innovations in social sciences 3
12 Student explain how their research has a broader social benefit 2
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
40
Final Exam
1
50
Attendance
10
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 2.5 40
Mid-terms 1 16 16
Assignments 0
Final examination 1 21 21
Other 0
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5