Within the conceptual framework of accounting, including generally Accepted Accounting Principles, students are introduced to the Accounting equation and the effect various transactions have on it.
An introduction to ledgers, journalizing transactions, trial balance, Income statement and balance sheet are presented. The Accounting cycle, accounting for merchandise operations, internal control, accounts receivable, accounts payable, cash control, and the valuation of inventories are examined.
Larson, Jensen, and Dieckman, Fundamental Accounting Principles Volume 1, 2019, 16th Edition, McGraw Hill
Murnaghan, Tamsyn, Lyryx access code for homework and case studies, Lyryx
The Course Duration is 64 Hours
Course Homework Hours will be 10 hours per week approximately.
Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand
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A Candidate has to attain a minimum score of 50% overall to ensure successful course completion