10987 (v.4) Accounting 100

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Area:	School of Accounting
Contact Hours:	3.0
Credits:	25.0
Lecture:	1 x 1.5 Hours Weekly
Tutorial:	1 x 1.5 Hours Weekly
Introduction to accounting and financial statements. Transaction analysis. The basic accounting cycle - recording business transactions, journal, ledger, adjusting entries, preparation and presentation of financial statements. Major concepts underlying financial statements. Financial statement analysis. Regulatory environment of accounting. Planning and control. Cost-volume profit analysis. Introduction to capital budgeting. Basic concepts of taxation. Overview of accounting in the public sector.