COURSE INFORMATION Course Title: INTRODUCTION TO ACCOUNTING

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BUS 132	B	2	2	1	0	2.5	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	Dr. Armanda Tola atola@epoka.edu.al
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Dr. Armanda Tola atola@epoka.edu.al , By appointment
Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Study program: (the study for which this course is offered)	Bachelor in Business Informatics (3 years)
Classroom and Meeting Time:	Every Monday E-312
Teaching Assistant(s) and Office Hours:	NA
Code of Ethics:	Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline"
Attendance Requirement:	75% Mandatory attendance requirement.
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.

BASIC CONCEPTS OF THE COURSE

1	Accounting
2	financial statements
3	book keeping
4	recording
5	assets
6	liabilities
7	owner's equity
8	cash flow

COURSE OUTLINE

Week	Topics
1	Review of Syllabus
2	Chapter 1: Accounting in Action: Explain what accounting is. Identify the users and uses of accounting. Understand why ethics is a fundamental business concept. Explain generally accepted accounting principles and the cost principle. Explain the monetary unit assumption and the economic entity assumption. State the accounting equation, and define its components. Analyze the effects of business transactions on the accounting equation.
3	Chapter 2: The Recording Process: Explain what an accounts is and how it helps in the recording process. Define debits and credits and explain their use in recording business transactions. Identify the basic steps in the recording process. Explain what a journal and ledger are and how they help in the recording process. Explain what posting is and how it helps in the recording process. Prepare a trial balance.
4	Chapter 2: The Trial Balance and its Limitations: Prepare a trial balance. Understand its use and limitations.
5	Chapter 3: Adjusting the accounts: Explain the time period assumption. Explain the accrual basis of accounting. Explain the reasons for adjusting entries. Identify the major types of adjusting entries. Prepare adjusting entries for deferrals and accruals. Describe the nature and purpose of an adjusted trial balance.
6	Chapter 3 continued: Adjusting the accounts: Explain the time period assumption. Explain the accrual basis of accounting. Explain the reasons for adjusting entries. Identify the major types of adjusting entries. Prepare adjusting entries for deferrals and accruals. Describe the nature and purpose of an adjusted trial balance.
7	Quiz 1 + Review before Midterm Exam
8	Chapter 4 : Completing the Accounting Cycle: Prepare a worksheet. Explain the process of closing the books. Describe the content and purpose of a post-closing trial balance. State the required steps in the accounting cycle. Explain the approaches to preparing correcting entries. Identify the sections of a classified balance sheet.
9	MIDTERM EXAM (PAPER-BASED)
10	Chapter 4 continued: Completing the Accounting Cycle: Prepare a worksheet. Explain the process of closing the books. Describe the content and purpose of a post-closing trial balance. State the required steps in the accounting cycle. Explain the approaches to preparing correcting entries. Identify the sections of a classified balance sheet.
11	Chapter 5: Accounting for Merchandising Operations: Identify the differences between service and merchandising companies. Explain the recording of purchases under a perpetual inventory system. Explain the recording of sales revenues under a perpetual inventory system. Explain the steps in the accounting cycle for a merchandising company. Distinguish between a multiple-step and single-step income statement. Explain the computation and importance of gross profit.
12	Chapter 5: Accounting for Merchandising Operations: Identify the differences between service and merchandising companies. Explain the recording of purchases under a perpetual inventory system. Explain the recording of sales revenues under a perpetual inventory system. Explain the steps in the accounting cycle for a merchandising company. Distinguish between a multiple-step and single-step income statement. Explain the computation and importance of gross profit.
13	Chapter 7: Accounting Information Systems: Identify the basic concepts of an accounting information system. Describe the nature and purpose of a subsidiary ledger. Explain how companies use special journals in journalizing.
14	Quiz 2 + Review for Final Exam

Prerequisite(s):	High school algebra and calculus.
Textbook(s):	Accounting Principles, 14th Edition by Weygandt, Kieso, Kimmel:Wiley, 2020
Additional Literature:	n.a
Laboratory Work:	n.a.
Computer Usage:	n.a.
Others:	No

COURSE LEARNING OUTCOMES

1	Introducing students to accounting and it's basic accounting equation and financial statements
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	Complete and analyze the accounting cycle for service and merchandising companies
5	Prepare and evaluate the Income Statement, Statement of Retained Earnings, Statement of Financial Position and Statement of Cash Flow.
6	Analyze the Accounting Equation and the interaction of its elements.
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 Informatics (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.	5
5	Integrate different skills and approaches to be used in decision making and data management.	4
6	Combine computer skills with managerial skills, in the analysis of large amounts of data.	3
7	Provide solutions to complex information technology problems.	2
8	Recognize, analyze, and suggest various types of information-communication systems/services that are encountered in everyday life and in the business world.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	35
Quiz	2	5
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

CONCLUDING REMARKS BY THE COURSE LECTURER

N.A