Accounting (ISL503) Course Details

Course Name: Accounting
Code: ISL503
Pre-requisite Course(s): -
Objective: To teach nature, scope, principles and concepts of accounting, main components of the accounting system, and the operation of the system, within the framework of the Uniform Chart of Accounts, including daily transactions, year-end adjusting and closing entries, and preparation of financial statements.
Content: In this course, basic accounting concept and principles, the structure of financial statements, account classifications and chart of accounts, books of account, accounting records within the accounting period, unadjusted trial balance preparation, full adjusting and closing entries at the end of the period, preparing post-closing trial balance, balance sheet and income statement are covered.
Term: Autumn
Theory: 3
Application: 0
Laboratory: 0
Credit: 3
ECTS Course File: Course File
Course File: