Courses Catalogue

Fundamentals Of Accounting

COURSE CODE: AF 1101
COURSE CREDIT UNIT: 0
ACADEMIC PROGRAMME: Supplies and Procurement Management, B.Sc
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Content and Outline

COURSE CONTENT

Theoretical Framework of Accounting

  • Introduction
  • Meaning & purpose
  • Financial Accountability methods
  • Book keeping and Accounting: a distinction.
  • User /interested parties in accounting information
  • Braches disciplines in accounting.
  • Accounting Regulatory framework (Accounting Rules)
  • Accounting standards

The Accounting Equation

  • The Double Entry system & Preparation of Books of Accounts
  • Double Entry book – keeping system
  • Accounting Cycle

Preparation of Books of Accounts

·         Journals,

·         Cash Book

·         Ledgers

·         Trial Balance

·         End of year adjustments or provisions

·         The Work Sheet

Preparation of Final Accounts (Financial Statements)

·         Income statement

·         Balance Sheet.

·         Ratio Analysis

MODE OF DELIVERY

  • Lectures
  • Reading assignments
  • Practical assignments
  • Field trips
  • Documentaries

INSTRUCTIONAL MATERIALS AND / OR EQUIPMENT

  • Whiteboard and Markers
  • Flip Charts
  • LCD Projectors
  • CDs, DVDs and Tapes