BATS3101 - Financial Accounting I
Overview
Financial Accounting I course is an in-depth introduction to the accounting world. This course equips students with a strong understanding of the basic accounting concepts, generally accepted accounting principles (GAAP), and the process of recording and reporting business transactions.
Students will learn how to identify, classify, and record transactions in journals and ledgers, prepare trial balances, adjusting entries, and complete financial statements. The course also discusses the accounting treatment for cash and cash equivalents, accounts receivable, inventories, fixed assets, intangible assets, liabilities, equity, and financial statement analysis.
In addition, the course integrates ethical considerations, internal control systems, and the importance of transparency and accountability in financial reporting. Students are encouraged to develop analytical and problem-solving skills through case studies, accounting exercises, collaborative discussions, and practical assignments.
Through real-world accounting cases and practical exercises, students will gain the ability to prepare, analyse, and interpret financial statements as the foundation for business and economic decision-making.
Pre-requisites:
Learning Hours Composition:
- 42 hours face-to-face learning consisting of 14 sessions of lecturing, tutorial, and workshop activities.
- 28 hours of Structured Learning and Guided Discussions.
- 65 hours of Independent and Practice-Based Learning.
Managing Faculty:
Credit Point:
3 Credit(s)
Learning Hours:
45 hours x 3CPs = 135 hours
