Introduction to Accounting

  • Information Systems |

Description

To learn about accounting as an information system that provide decision makers (users) with accounting financial information for making rational economic decisions. In addition, this course will focus on accounting as a language of business and as a service activity intended to recording economic events of the business in accounting books, measuring, and reporting business transactions in different types of organizations through annual financial reports (tool of communication).

Program

Information Systems (2024)

Objectives

  • To introduce students to Accounting, stressing its importance in today’s business world. To help students understand the main concepts and principles of Accounting. To provide students with a theoretical basis upon which they will develop their knowledge in other areas of accounting. Process financial data

Textbook

Wild, John, Ken W. Shaw, and Barbara Chiappetta. Fundamental Accounting Principles. McGraw-Hill Higher Education.

Course Content

content serial Description
1Introduction and overview the course
2Meaning of accounting, users and uses of accounting information
3Generally Accepted Accounting Principles(GAAP)& Financial Reports
4Basic Accounting Equation (Balance Sheet Equation)
5The Accounting Cycle (Step 1, 2, 3, and 4)
6Review and more examples
7Measuring Business Income
8Measuring Business Income (cont)
9GAAP & Measuring Business Income
10Adjustments (Step 5)
11Adjusted Trial Balance (Step 6)
12Adjusted Trial Balance (Step 6) (cont)
13Complete the Accounting Cycle( Step 7, 8, and 9)
14Review and more examples
15Final Examination

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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