Module/Course Description

Course Title: Accounting I

Course Code: UU-ACG-1000


Credits: 12.00

Course Description:

Objectives of the Course:

  1. Explain the main principles of accounting, including the accounting equation and the double entry system.
  2. Expose students to financial statements (i.e. Income Statement, Balance Sheet).
  3. Expose students to post Trial Balance adjustments (depreciation of non-current assets, accruals, prepayments, and allowance for doubtful debts).
  4. Enable students to prepare Bank Reconciliation Statements.

Learning Outcomes:

  1. Explain what accounting is about.
  2. Understand and list the main users of accounting information.
  3. Present and explain the accounting equation, and how accounting transactions affect the items in the accounting equation.
  4. Open ‘T’ accounts, understand how the double entryis used, and record transactions into individual accounts.
  5. Prepare Trial Balance, Income Statement, and Balance Sheet. Explain how adjustments (e.g. prepayments, accruals, etc.) affect the financial statements.
  6. Describe the process of recording transactions in a book of original entry.
  7. Explain and operate the imprest system for petty cash.
  8. Account for bad debts and allowance for doubtful debts.
  9. Account for depreciation of non-current assets.
10. Understand and prepare bank reconciliation statement.

Prerequisites: UU-MAN-2010, UU-ENG-1000, UU-ENG-1001, UU-COM-1000, UU-MTH-1000, UU-BA-IND100, UU-FNT-103

Typical Module duration: 4.0 Week(s)


This site uses cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, assist with our promotional and marketing efforts, and provide content from third partiesCookie Policy