١ Temporary Instructor : Turki Bugshan
E – mail: tbugshan@ kau.edu.sa E – site: http:// tbugshan.kau.edu.sa/
Office hours: Sat - Wed 11:00 –12:00 Deanship of Admission & Registration Course title: Principles of Accounting
English Code no.: Acct 117 Credit Hours: 3 Credits
Section: EA (SAT – MON - WED) Time: 10 – 10:50
Pre requisite Course: None
Course Description:
This Course introduces accounting and its role in the society, its concepts and fundamentals. It records the economic events, and covers the accounting cycle and preparing financial statements for service and merchandising firms.
Course Objectives:
1. Explain the nature of accounting and its role in the society.
2. Understand concepts and principles of accounting.
3. Analyze, record, and report transactions for servicing and merchandising firms.
4. Analyze and make end-period adjustments.
5. Prepare financial statements.
Course Outcomes:
By the end of this course, students should be able to:
1. Recognize the financial Accounting, its objectives and the most important generally accepted accounting principles (GAAP).
2. Record financial transactions in the general journal, posting them to the general ledger, preparing the trial balance and preparing the end- period adjusting entries and finally preparing financial statements for both service and merchandising firms.
3. Know some of the accounting treatments of current and fixed assets and realize how to prepare adjustment entries related to them in both service and merchandising firms.
Assessment Methods:
1. Exams:{ Mid- term Exam. (20 points ); Second- Exam. (30 points); Final – Exam. (40 points)}
2. Participation and tutoring classes attendance ( 10 points)
Main Reference:
Weygandt, Kimmel and Kieso. Accounting Principles, International Students Version. (John Wiley &
Sons, Inc., 9th ed.,2010).
King Abdulaziz University
Faculty of Economics & administration Accounting Department
First Semester (1433-1434) Accounting 117
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Supplementary Reference:
Larson, Wild, and Chiappetta. Fundamental Accounting Principles, (McGraw-Hill, 17ed, 2010).
Attendance:
Attendance is very important to achieve the best understanding of the course material since topics are closely related and dependent. Each class benefits from the attendance and participation of all
students. Late arrivals are disruptive to the class and show disrespect to those who are on time.
Students who miss more than 25% of term lectures will get a “DN” grade.
Minimizing Disruptions:
Mobile phones should be turned off during class. You should avoid engaging in side conversations during class.
Cheating:
Cheating of any form will result in you being assigned an “ F” grade for the course. Note that you may not use your mobile phone during any of the examinations.
Examination Absence:
If you miss an examination, you will be assigned a grade of “0” for the particular exam. Note that a make-up examination will not be administered.
Chapter Contents Page
CH. 1 Accounting in Action 2- 23
CH. 2 The Recording Process 49-70
Mid -term Exam. ( Covers CH. 1 and 2) – Saturday 20-11- 1433 ; 2-4 pm.
CH. 3 Adjusting the Accounts 94-116
CH. 4 Completing the Accounting Cycle 146-168
CH. 5 Accounting for Merchandising Operations 200-218
Second Exam. ( Covers CH. 3, 4 and 5)– Saturday 17-1- 1434 ; 2-4 pm.
CH. 8 Fraud, Internal Control, and Cash 364-370
CH. 9 Accounting for Receivables 398-406
CH. 10 Plant Assets, Natural Resources, and Intangible Assets 438-452 )
previous chapters and
10 , 8, 9 Covers CH.
Comprehensive;
Exam. ( Final
