COURSE INFORMATION
Course Title: INTRODUCTION TO ACCOUNTING
Code Course Type Regular Semester Lecture Recit. Lab Credits ECTS
BUS 132 B 2 - - - 3 5
Lecturer and Office Hours: Alba Kruja
Teaching Assistant(s) and Office Hours: -
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: N/A
Course Description: Introduction to Accounting: The objective of this course is to introduce the students an advanced form of the topics, which have already been covered in the financial accounting course. Having made a brief revision of the financial accounting topics, the following topics are covered in summary: A comparison of Cash Basis Accounting With Accrual Basis of Accounting; Reporting Irregular Items in the Income Statement; Comprehensive Income; Usefulness and Limitations of the Balance Sheet; Purpose and Preparation of the Statement of Cash Flow; Time Value of Money; Valuation of Inventories; Accounting for Liabilities; Accounting for Stockholder’s equity
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 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 Completing the Accounting Cycle
8 Review before Midterm Exam
9 Midterm Exam
10 Accounting for Merchandising Operations
11 The Classified Statement of Financial Position
12 The Classified Income Statement
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 Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt, Wiley, 2015
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: N/A
Computer Usage: N/A
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 Completing and analyzing the accounting cycle for service and merchandising companies
5 Prepare and analyze the Income Statement, Statement of Retained Earnings, Statement of Financial Position and Statement of Cash Flow.
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
35
Quiz
1
15
Final Exam
1
50
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 10 10
Assignments
Final examination 1 15 15
Other 1 4 4
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5