معلومات المقرر

This module is designed to introduce students to financial accounting as the main source of financial information required for decision making process.It helps students to understand the basic concepts, principles, and fundamentals of the accounting cycle of services and merchandising businesses.

After completing this module, the successful student will be able to:

• Identify the importance, and fundamentals of financial accounting, and its basic concepts and principles.
• Recognize the elements of the financial statements.
• Understand and apply the steps of the accounting cycle.(3)
• Prepare end of period adjusting entries and the financial statements of service and merchandising businesses.
• State the effect of different inventory valuation methods and depreciation methods on financial statements.