Course Outline - Business Administration Program: Year 1
ACCT 107 Accounting 2
Brief Course Description
Capital assets are discussed with reference to recording acquisition cost, amortization, exchanges and disposal. Short-term and long-term liabilities, partnerships, corporations, share capital, and
the statement of cash flows/cash flow analysis are introduced and examined individually. Generally Accepted Accounting Principles are examined through-out the course, as they relate to the specific subject areas. As a final integration, the student will
study the analysis of financial statements.
On completion of the Unit the candidate will be able to:
- Implement basic accounting procedures which enhance efficiency and internal control.
- Account for all major assets and liabilities, including their effect on net income.
- Appropriately record transactions and the effect of net income on owner's equity for proprietorships, partnerships, and corporations.
- Analyze financial statements in order to pinpoint apparent strengths and weaknesses in the firm's operations
Required course materials*
Larson, Jensen, and Dieckman, Fundamental Accounting Principles Volume 2, 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.
Indicate how the course is delivered:
X In-class instruction
- Distance education
- Combined delivery (both in-class and distance)
Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand
Method(s) of Student Evaluation*
|Type of Assessment
A Candidate has to attain a minimum score of 50% overall to ensure successful course completion