Saturday, November 19, 2022

COURSE OUTLINE ON ACC 111-PRINCIPLES OF ACCOUNTING 1

 

 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. THIRD TEST                               10 MARKS

4. TEN QUIZ                                    10 MARKS

5. TEN ASSIGNMENTS                 10 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.

    
LECTURER-IN CHARGE: PATRIOT ODUNARO B. JIMOH (08038454008)
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