Course Title: Principles of accounting 1
Course Code: ACC 111
Units: 4 Units
Credit Hours: 60 Hours
Goal: This course is designed to expose the students to the principles of accounting and the application of same to different types of transactions.
GENERAL OBJECTIVES:
On completion of this module the students should be able to:
1.0 Know history, principles, role and conventions of accounting.
2.0 Understand principles of double entry.
3.0 Know capital and revenue items.
4.0 Know books of original entry.
5.0 Know the uses of ledger.
6.0 Know trial balance.
7.0 Know how errors are identified.
8.0 Know the uses of journal.
9.0 Understand bank reconciliation statements.
10.0 Know depreciation.
11.0 Understand accruals and prepayment.
12.0 Know final accounts
CONTINUOUS ASSESSMENT STRUCTURE:
1. FIRST TEST 10 MARKS
2. SECOND TEST 10 MARKS
3. TEN QUIZ 10 MARKS
4. TEN ASSIGNMENTS 20 MARKS
TOTAL MARKS 50 MARKS
YOUR CONTINOUS ASSESSMENT = YOUR TOTAL SCORE X 40 MARKS
TOTAL MARKS
NOTICE:
CONTINOUS ASSESSMENT = 40 %
EXAMINATION = 60 %
TOTAL MARKS 100%
The LORD by wisdom founded the earth;
By understanding He established the heavens;
Wisdom is the principal thing;
Therefore get wisdom.
And in all your getting,
get understanding.
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