Course Information

for Accounting Department


Accounting Principles I (ACC103)

Credits:3

This course introduces the accounting cycle for a service enterprise, followed by special journals and subsidiary ledgers. Accounting procedures for merchandising firms are examined, including inventory, cost of goods sold, bad debts adjustments, and depreciation. Major topics covered include banking procedures, payroll, voucher system and notes. In addition, students learn how to apply the principles in the accounting cycle to a current Windows-based accounting programme. Pre-requisite: MTH099 Basic Mathematics

Accounting Principles II (ACC104)

Credits:3

This course provides a further study of accounts receivable and uncollectible accounts, inventory, and depreciation. Emphasis is also placed on accounting procedures for partnerships and corporations, including formation of a partnership and distribution of profits, capital stock transactions, retained earnings, and distribution of dividends. Budgeting and financial statement analysis are also included. The principles learnt in this course are applied in the context of a current Windows-based accounting programme. Pre-requisite: ACC103 Accounting Principles I

Intermediate Accounting I (ACC203)

Credits:3

This course begins by providing a thorough overview of accounting theory and principles. This theoretical foundation is expanded to include advanced topics such as financial statement analysis, cash and temporary investments, receivables, and inventory valuation. Prerequisite(s): ACC104 ACCOUNTING PRINCIPLES II

Intermediate AccountingII (ACC204)

Credits:3

ACC204 Intermediate Accounting II This course covers noncurrent operating assets, including acquisition, utilization and retirement, and long-term investments. Current and contingent liabilities, long-term debt, and equity are presented. Emphasis is placed on in-depth coverage of accounting for leases, post-employment practices, income tax, equity securities, and retained earnings. Prerequisite(s): ACC203 Intermediate Accounting I

Cost Accounting (ACC205)

Credits:3

The three elements of cost accounting for materials, labor, and overhead are emphasized and applied to special problems. Consideration is given to job order cost, process cost, and standard cost procedures. Byproducts and joint products are also included. Prerequisite(s): ACC104 Accounting Principles II

Managerial Accounting (ACC206)

Credits:3

A study of the use of accounting information to make decisions related to planning, controlling and evaluating an organization's operations. The course will prepare you for effective financial decision-making at a managerial level. The students will be introduced to various types of management accounting systems and the following specific topics will be taught: product costing systems, cost volume profit analysis, the concept of budgeting, variance analysis system, absorption versus direct costing and capital budgeting. Prerequisite: ACC205 Cost Accounting

Finance I (ACC208)

Credits:3

Computerized Accounting Application (ACC209)

Credits:3

This course includes computerized accounting applications dealing with financial records for each step of the accounting cycle. Students are given the opportunity to apply accounting procedures through extensive handson practice utilizing IBM-compatible computers and a current Windowsbased accounting program. Techniques and procedures for using business software as a productivity tool are emphasized. Prerequisite(s): ACC104 ACCOUNTING PRINCIPLES II

Auditing and Assurance (ACC210)

Credits:3