Principles of Accounting I

BACC 201 – Principles of Accounting I

Basic Information

Course Title:                           Principles of Accounting I.

Code:                                      BACC 201

Hours:                                     Lecture:  3       Credit:  3

Prerequisite:                            None.

Academic Year/Level:            Year: 1            Term: 1           


1-Course Description and Overall Objectives:

This course introduces accounting in general, then covers the basics of financial accounting through the accounting cycle for service and merchandising business. The main objective of this course is to introduce the theoretical foundation of financial accounting (concepts, assumptions, and principles) and the financial statements of a profit seeking enterprise. The course prepares the student to be capable of performing the different steps of the accounting cycle for service and merchandising businesses.

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