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    Financial Accounting

    Uploaded by

    Mbu Javis Enow
    This document provides information about a Financial Accounting 1 course taught by Mbu Javis Enow. The course is a first semester course worth 2 credit hours and is part of the HND Level 1 program. Over 8 weeks, the course will cover topics such as introduction to accounting, accounting concepts and principles, recording transactions, ledger posting, subsidiary books, preparation of financial statements, rectification of errors, and bank reconciliation. Students will be evaluated based on attendance, continuous assessment, and a final exam. The objective is for students to learn financial accounting tools to apply solutions to managerial problems and interpret financial performance and structure.

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    Financial Accounting

    Uploaded by

    Mbu Javis Enow
    1K views2 pages
    This document provides information about a Financial Accounting 1 course taught by Mbu Javis Enow. The course is a first semester course worth 2 credit hours and is part of the HND Level 1 program. Over 8 weeks, the course will cover topics such as introduction to accounting, accounting concepts and principles, recording transactions, ledger posting, subsidiary books, preparation of financial statements, rectification of errors, and bank reconciliation. Students will be evaluated based on attendance, continuous assessment, and a final exam. The objective is for students to learn financial accounting tools to apply solutions to managerial problems and interpret financial performance and structure.

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    course outline for financial accounting 1 for higher national diploma students

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    This document provides information about a Financial Accounting 1 course taught by Mbu Javis Enow. The course is a first semester course worth 2 credit hours and is part of the HND Level 1 program. Over 8 weeks, the course will cover topics such as introduction to accounting, accounting concepts and principles, recording transactions, ledger posting, subsidiary books, preparation of financial statements, rectification of errors, and bank reconciliation. Students will be evaluated based on attendance, continuous assessment, and a final exam. The objective is for students to learn financial accounting tools to apply solutions to managerial problems and interpret financial performance and structure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    Financial Accounting

    Uploaded by

    Mbu Javis Enow
    This document provides information about a Financial Accounting 1 course taught by Mbu Javis Enow. The course is a first semester course worth 2 credit hours and is part of the HND Level 1 program. Over 8 weeks, the course will cover topics such as introduction to accounting, accounting concepts and principles, recording transactions, ledger posting, subsidiary books, preparation of financial statements, rectification of errors, and bank reconciliation. Students will be evaluated based on attendance, continuous assessment, and a final exam. The objective is for students to learn financial accounting tools to apply solutions to managerial problems and interpret financial performance and structure.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    FACULTY HITM / PROFESSIONAL PROGRAM

    PROGRAMME HND/ HPD/ PROFESSIONAL DIPLOMA/ DEGREE

    DEPARTMENT BANKING AND FINANCE

    COURSE TITLE FINANCIAL ACCOUNTING 1

    COURSE CODE
    CREDIT VALUE
    CREDIT HOURS 2 Hours

    LEVEL HND 1

    SEMESTER 1ST

    INSTRUCTOR’S NAME MBU JAVIS ENOW (MASTERS)

    CONTACT:TEL 674387504
    EMAIL mbujavo@yahoo.com
    Financial Accounting information is designed primarily to assist investors
    COURSE DESCRIPTION
    OR SYNOPSIS and creditors in deciding where to place their scarce investment resources.
    Such decisions are important to society, as they determine which
    industries and companies and even countries will receive the financial
    resources necessary for growth, and which will not. Many other decision
    makers also make use of financial accounting information. A company’s
    manager and employees constantly need such information in order to run
    and control business operations.
    All types of organizations and also individuals develop and use financial
    accounting information in conducting their daily activities. But the
    concepts of financial accounting are most highly developed and clearly
    defined in the business world. Therefore, this course focuses upon
    financial accounting information relating to profit-oriented business
    organizations.

    The objective of this course is to introduce problems of financial


    COURSE OBJECTIVES
    accounting such as measuring and reporting issues related to assets and
    liabilities and preparing the financial statements. Students are expected to
    gain the ability of using accounting information as a tool in applying
    solutions for managerial problems, evaluating the financial performance,
    and interpreting the financial structure.

    WEEKS TOPICS
    1 1.0 INTRODUCTION TO ACCOUNTING
    1.1 Introduction
    1.2 Development of accounting discipline
    1.3 An accountant’s job profile: functions of accounting
    1.4 Utility of accounting
    1.5 Types of accounting
    2 2.0 ACCOUNTING CONCEPTS AND CONVENTIONS
    1.1 Introduction
    2.2 Meaning and Features of accounting Principles
    2.3 Kinds of Accounting Principles
    2.4 Accounting Concepts
    2.5 Accounting Conventions
    3 3.0 RECORDING OF TRANSACTIONS- VOUCHER
    SYSTEM, ACCOUNTING PROCESS, JOURNAL
    3.1 Introduction
    3.2 Voucher
    3.3 Journal
    3.3.1 Classification of Accounts
    3.3.2 Goods Account
    3.4 Important considerations for recording the business
    transactions
    4 4.0 LEDGER POSTING AND TRIAL BALANCE
    4.1 Introduction
    4.2 Posting
    4.2.1 Rules Regarding Posting
    4.2.2 Balancing of an Account
    4.3 Trial Balance
    4.3.1 Objectives of Preparing a Trial Balance
    5 5.0 SUBSIDIARY BOOKS OF ACCOUNTS
    5.1 Introduction
    5.2 Cash Book
    5.3 Purchase Book
    5.4 Sales Book
    5.5 Purchase Return Book
    5.6 Sales Return Book
    5.7 Bills Receivable Book
    5.8 Bills Payable Book
    5.9 Journal Proper
    6 6.0 PREPARATION OF PROFIT AND LOSS ACCOUNT
    AND BALANCE SHEET
    6.1 Introduction
    6.2 Trading account
    6.3 Manufacturing account
    6.4 Profit and loss account
    6.4 Profit and loss account
    6.5 Balance sheet
    6.6 Adjustments
    7 7.0 RECTIFICATION OF ERRORS
    7.1 Introduction
    7.2 Classification of errors
    7.3 Location of errors
    7.4 Rectification of errors
    7.5 Stages of rectification of errors
    7.6 Effect of errors on final accounts
    8 8.0 RECONCILIATION OF BANK ACCOUNTS
    9.1 Introduction
    9.2 Causes/reasons for difference in two balances
    9.3 Procedure for preparation of bank reconciliation statement
    MATERIAL USED MAIN TEXT BOOKS
    1. R.L. Gupta (2001), “Advanced Accountancy”, Sultan
    (Use APA style) Chand & Sons, New Delhi
    2. P.C. Tulsian (2000), “Financial Accounting”, Tata McGraw
    Hill, New Delhi.

    MODE OF EVALUATION
    ATTENDANCE 5%
    CONTINOUS ASSESSMENT 25%
    FINAL SEMESTER EXAM 70%

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