Course Specification Form

1. Department 2. Program
Bachelor of Business Administration & Bachelor
Management Sciences
of Accounting & Finance

4. Credit Hours
3. Course Code 3. Course Title
4 a. Theory 4 b. Lab
Fundamentals of
MG100 3 N/A
Accounting
5. Contact Hours
5 a. 5 b. 6. Pre-requisites 7. Course Web-Page 8. Course Instructor
Theory Lab
3 N/A None None Hamad Aziz

9. Lab Instructor 10. Email

None [email protected]

11. Textbook(s)
1. Principles of Accounting by M.A Ghani
2. Financial Accounting by N. Mukerjee
12. Reference Books(s)

1. Principles of Accounting by M.A Ghani
2. Financial Accounting by N. Mukerjee
3. Financial and Managerial Accounting: The Basis for Business Decisions (Latest
Edition Available) by Williams J.R., Haka S.F., Bettner M.S., Meigs R.F.
McGrawHilI Irwin.
4. College Accounting: A Practical Approach (9th Edition) by Slatter. Prentice
Hall Business Publishing.
5. Business Accounting I (15th Edition) by FrankWood and Alan Songster. 4-
College Accounting (1st Edition) by Haddock, Brock, Hahn And Reed.
6. Gul Amir Malik
7. Chudery Rehmat Ali

13. Other Resources used (e.g. e-learning, field visits, periodicals, software, etc.):

Lecture Notes in power point slides and word form

Handouts
14. Course Objectives (as approved by the dept.)

After studying this course, the student will be able to understand:

1. The language of accounting and financial reporting;
2. Complete Accounting Cycle
3. Preparation and the role of Journal, Ledger and subsidiary books
4. Preparation of balance sheet, profit and loss account and cash flow statement.
15. Course Description/Contents (as approved by the dept.)

The primary aim of fundamentals of accounting is to provide students with an

introduction to the process and function of financial reporting. Whilst a large
proportion of the course is aimed at understanding accounting as a process, taking a
preparer‟ perspective, we will also seek to develop an understanding of the

Abasyn University– Quality Assurance& Accreditation - Course Specification

1
 importance of the role of accounting in today’s society.

16. Number of CLOs = 4

Course Learning Outcomes (CLOs)
CLOs Mapping to PLOs
On successful
completion of the
1 2 3 4 5 6 7 8 9 10 11 14/15
course, students will
be able to:

1) CLO 1:
State the uses and c 1
users of accounting
information

2) CLO 2:
Apply accounting
concepts, principles C 2
and conventions

3) CLO 3:
Demonstrate basic
accounting
transactions and
c 3
prepare annual
financial statements

17. Course Teaching Methods

1) Interactive learning
2) Problem solving learning
3) Practical and laboratory learning
4) E-learning
5) Self-directed learning
6) Group work /pair programming

18. Grading Scheme

Mid Term : 30%
Assignment : 10 %
Presentation: NA
Quiz : 10%
Final Term : 50 %
Term Project: N/A

Abasyn University– Quality Assurance & Accreditation - Course Specification

2
 19. Grading Scale
Following is the standard Grading scale applicable to entire Abasyn University:

A A- B+ B B- C+ C C- D+ D F
85-100 80-84 75-79 70-74 65-69 61-64 58-60 55-57 53-54 50-52 Below 50

Lab Work
Week Topics Covered Assessment
/Activities
Introduction to Accounting
 History
 Purpose, functions & importance of
accounting
 Difference Between bookkeeping &
accounting & auditing Lecture
 Major fields of accounting & Assignment no.
1&2
Accounting terminologies Group 1
 Types of Accounts Discussion
 Assets (Types with example)
 Liabilities (Types with example)
 Capital (Types with example)
 Revenue (Types with example)
 Expense (Types with example)
Basic Concepts, Convention of Accounting.
3
Accounting Concepts , Convention according to
GAAP
Accounting Equations
 Dual Aspect of Transactions
 Assets
4&5 Exercise
 Liabilities Quiz no. 1
 Owner’s Equity
 Exercise +problems

Memory Game
Student is required
Classification of Accounts to draw a table and
Rules for Debit & Credit give their response
Lecture & in report form to
 Three Golden rules of debit & credit put that from where
Interactive
6  British Approach cash is generated
discussion with
 American Approach and where we
students utilize cash and also
 Practical implementation of debit & credit draw the rules of
rules Debit & Credit to
check the effect of
cash
Journal
 Definition, purpose Exercise
Assignment no.
7&8  Types of journal Practice on
2
 Exercise +problems Work Sheet

Ledger & Trial Balance Exercise

 functions & method of posting Class Activity Quiz no. 2
9
 Types of ledger & trial balance

Abasyn University– Quality Assurance & Accreditation - Course Specification

3
  Exercise + problems
Mid Term
Cash Book
 Definition, Types , Importance
Exercise
11 &  Single column cash book
Practice on Assignment no.
12  Double column cash book
Work Sheet 3
 Three column cash book
 Petty cash book
Bank Reconciliation Statement
 Definition, Purpose, functions & importance
13 Lecture
of BRS
 Practical Questions
Preparing financial statements
 Definition , Types of Financial Statements
14 &  Income statement, formats, types
15  Balance Sheet, formats, types
 Exercise +problems.

Lecture and
Capital & Revenue Expenditure
Students
16  Definition, differences
interactive
 Exercise + problems
session
Quiz no. 3

Course Instructor: ________________________ Coordinator: _____________ __________

__________________________
Head of Department

Abasyn University– Quality Assurance & Accreditation - Course Specification

4