code NC382
credit_hours 3
title Financial Accounting
arbic title
prequisites None
credit hours 3
Description/Outcomes This course focuses on the preparation and understanding of the four basic financial statements - income statement, statement of retained earnings, balance sheet and statement of cash flow. Specific topics include basic double entry accrual accounting and the special requirements in accounting for managing cash, receivables, investments, inventory, fixed assets, liabilities and equity. The Great Plains computer software program is used to illustrate how computers facilitate the accounting process. Students are required to complete a transaction-based term project using both manual and computer techniques.
arabic Description/Outcomes
objectives Understand the underlying concepts of accounting including the accounting cycle, accrual accounting, accounting for current assets, fixed assets and current liabilities.
Understand the accounting process and prepare the financial statements for a small business.
Be knowledgeable users of financial statements.
Have an introductory-level understanding of computerized accounting systems and how to use those systems.
arabic objectives
ref. books None
arabic ref. books
textbook Walter Harrison and Charles. Horngren, Financial Accounting, 7th Ed. Prentice Hall, 2009.
arabic textbook
objective set combined
content set bullets
Course Content
content serial Description