Module/Course Description

Course Title: Foundations of Accounting and Finance

Course Code: UU-ACG-1101-UG

Programme: Bachelor of Science in Business, Accounting and Financial Management - BL

Credits: 4.00

Course Description:

Course/Module Description:

Introduce to students the foundations of financial accounting information. Provide a general overview of what financial accounting information is and the main financial statements. In this course students learn how to code financial transactions in financial accounting language as well as learn about the most important concept in contemporary financial accounting: accrual accounting.

Course/Module Objectives:

The main objectives of the course are:

  1. To understand main financial statements and the financial information they provide
  2. To write a financial transaction in financial accounting language and understand how this impacts main financial statements
  3. To understand how accrual accounting and fundamental accounting concepts work
  4. To understand revenue recognition principles and how they impact main financial statements
  5. To account for accounts receivables and inventories

Course/Module Learning Outcomes:

After completion of the course students are expected to be able:

  1. To explain what accounting is about and understand the role and context of financial accounting
  2. To be able to prepare financial statements
  3. To analyze how firms, recognize revenues
  4. To analyse accounting for short-term assets that provide details on how firms accounts refer to receivables and inventories
  5. To recode financial transactions and prepare trial balances
 

Prerequisites: UU-BA-IND100-UG

Prerequisites Categories: -

Typical Module duration: 4.0

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