Overview

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Academic contacts

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Offerings

DUBAI-ISC-TJD-INT-2020-ONGOING
DUBAI-ISC-TMD-INT-2019-2019
DUBAI-ISC-TSD-INT-2020-ONGOING

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Other learning activities

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Learning activities

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Learning outcomes

1.

Understand the foundations and importance of Accounting;

2.

Apply basic accounting concepts and techniques in analysing business transactions, preparing General Journal entries, posting to General Ledgers and extracting the Trial Balance;

3.

Identify the purpose of Balance Day Adjustments; recognise the transactions and process them
through the General Journal as well as on a Worksheet;

4.

Understand the need for and preparation of Income Statements, Balance Sheets, Statement of Changes in Equity and Cash Flow Statements as well as completing the cycle by preparing Closing Journal entries and Post Closing Trial Balance;

5.

Recognise elements for management control over cash, and develop the Cash Control system of Bank Reconciliation.

Assessments

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Additional information

Unit content:

1) The role of Accounting decision making and accounting
2) Analysing transactions
3) Transactions and double Entry System (General Journal entries)
4) Transactions, Double Entry System (General Ledgers & Trial Balance)
5) Balance Day Adjustments
6) Balance Day Adjustments (continued)
7) Balance Day Adjustments and Worksheet
8) Financial Reports (Income Statement, Balance Sheet and Statement of Changes in Equity)
9) Completing the cycle: General Journal Closing Entries and Post Closing Trial Balance
10) Group Assignment due
11) Management Controls over Cash (Controls over Cash)
12) Financial Reports -Cash Flow Statements
13) Final Exam Revision