Description

Course Description – Basic Accounting

This course provides students with a comprehensive introduction to the fundamental concepts and principles of accounting. It focuses on the purpose and legal framework of accounting, the recognition and recording of economic transactions, and the preparation and interpretation of basic financial statements. Students gain an understanding of the role of accounting in measuring business performance and supporting informed managerial and financial decision-making.

The course covers essential topics including bookkeeping procedures, accounting for typical business transactions, financial statements, annual reports, and the professional responsibilities and ethical standards of accounting practitioners. Through lectures and practical exercises, students develop the ability to record business events accurately and understand the relationship between accounting information and organisational activities.

Upon successful completion of the course, students will be able to apply fundamental accounting principles, maintain basic accounting records, prepare and interpret financial statements, and understand the importance of accounting information in business operations and financial reporting.

Learning Outcomes

Students: • understand basic concepts of accounting • understand basic characteristics of economic categories, • understand basic business transactions and their influence on business operations, • recognize basic characteristics of financial statements