Course Title

The Principles of Accounting 1

Course Number

10861111

Instructor Name

Mohammed Omran

Contact Information

[email protected]

Semester(s) and academic year(s)

Second Semester 2021
Second Semester 2020
First Semester 2019

Compulsory / Elective

Compulsory

This course illustrates the main principles, concepts and procedures of financial accounting. As well as recording, summarizing financial transactions and preparing basic financial statements in the context accounting cycle.     

At the end of this course the students are expected to distinguish between the different types of entities and the different types of activities. The students are also expected to have a thorough understanding of the accounting treatment for the financial transactions and the principles, theories and concepts behind it.

At the end of this course students should be able to;

1.  Analyze financial transactions.
2.  Journalize and post financial transactions.
3.  Prepare financial statements.

Weygandt, J., Kimmel, P. & Kieso, D. (2019) financial accounting IFRS edition. 4th edn. Hoboken: John Wiley & Sons, Inc.