C 205 Princples of Accounting

Course Objectives

To familiarize participants with the basic principles of financial accounting
and with their relevance to business:
The use of the balance sheet to describe the financial position of a business
Measurement & recording of income & expenditure
Preparation of financial statements from accounting records

Course Content

Introduction : Accounting, information for decision making
Basic financial statements
The accounting cycle : capturing economic events
The accounting cycle : accruals and deferrals
The accounting cycle : reporting financial results
Accounting for a merchandising company
Financial assets : cash and short-term investments
Financial assets : accounts receivable
Inventories and cost of goods sold

Recommended Text:

Williams, Haka, Bettner & Meigs. Financial Accounting (International Edition). McGraw Hill. 2002

Joel J Lerner, James A Cashin, Daniel L Fulks. Principles of Accounting. McGraw-Hill Professional. 2001.

Joel Lerner, James A. Cashin. Schaum's Outline of Principles of Accounting. McGraw-Hill Professional. 1998