Program Agricultural Economics

Course Code Acct2091

Course Title: Accounting
Degree Program BSc in Agricultural Economics
Module Name
Module No. 09
Course Chair
Office location:
Mobile:
e-mail:
Consultation Hours:

Instructor/Tutor Fantaye A.
Office location:
Mobile:+251919438795
e-mail: fan.ale306@gmail.com
Consultation Hours:

ECTS Credits (CP) 5

Contact Hours (per Lecture Tutorial Lab/Practica Home Total
week) l Study
48 20 67 135
Lecture days, Hours
& Room:
Tutorial/Lab days &
Hours
Target Group: --Year II—Students
Year /Semester
Pre-requisites None
Status of the course Compulsory
Course Description

The course accounting principles is a discipline that is emerged with a concept of creating
similar recording system of business transactions. The course also covers accounting systems
for different types of business organizations such as sole proprietorship, corporations and
partnership. It also tries to address some of the basic principles that are known as a binding rule
for accounting reporting and communication. The course also covers the basic contorting
system of the most vulnerable assets such as cash and receivables. Totally the course provides a
pure glance for a complete recording, reporting and communicating financial reports

Course objectives

At the end of the course students are expected to know the following:
 The basic accounting principles
 Recording of transactions
 Prepare a work sheet both for sole proprietorship and corporation
 Record transaction for merchandising enterprise
  Understand the use of special journals
 The controlling of cash
 Contorting of receivables

Course Contents and Schedule

Lecture (Hrs) Conceptual Focus Activities/Tasks Reading

6 Chapter 1. Accounting practice and - Introduce each other
principles - Course guidebook will
 Accounting as an information be provided to students
system - Listen to lecture, take
 Business transactions short notes on the lesson
 Basic accounting equation treated
 Financial statements - Assignment will be
given
6 Chapter 2. The Accounting cycle -Listen to lecture, take
 Classification of accounts short notes on the lesson
 Nature of an accounts treated
 Journal and accounts -Forward doubts/
 Trial balance confusions during
lectures
- receiving earlier
assignment
-providing assignment
7 Chapter 3. Completion of accounting - Listen to lecture, take
cycle short notes on the lesson
 Matching principle treated
 Nature of adjusting process -Forward doubts/
 Worksheet for financial confusions during
statement lectures
 Journalizing and posting of - receiving earlier
adjusting entries assignment
 Nature of the closing process -providing assignment
8 Chapter 4. Accounting for a Listen to lecture, take
merchandising enterprise. short notes on the lesson
 Accounting for purchase and treated
sales -Forward doubts/
 Transportation cost confusions during
 Sales tax lectures
 Periodic reporting for - receiving earlier
merchandising enterprise assignment
 Cost of merchandise sold -providing assignment
 Merchendis inventory
adjustment
 Adjusting for deferral and
 accrual
 Financial statement for
merchandising enterprise

7 Chapter 5.Accounting system design.

 Principles of accounting system.
 Internal control system
 Subsidiary ledger and special
journal
 Other accounting system
modification
6 Chapter 6. Cash Introduce each other
 Control over cash - Course guidebook will
 Internal control of cash be provided to students
 Bank statement - Listen to lecture, take
 Bank reconciliation short notes on the lesson
 Voucher system treated
 Cash short and over - Assignment will be
given
 Petty cash

7 Chapter 7: Receivable and temporary Introduce each other

investment - Course guidebook will
 Classification of receivables be provided to students
 Control over cash receivables - Listen to lecture, take
 Characteristics of notes short notes on the lesson
receivable treated
 Uncollectable receivables - Assignment will be
 Temporary investments given
Assessment/ Evaluation System/

 Test 1 = 15%
 Test 2 = 15%
 Assignment = 15%
 Attendance = 5%
 Final exam = 50%
COURSE POLICY

All students are expected to abide by the code of conduct of the University Academic legislation
throughout this course. Academic dishonesty, including cheating, fabrication, and plagiarism will not be
tolerated and will be reported to concerned bodies for action.

ATTENDANCE: Attendance will be observed. A student who has missed more than 20% attendance
shall be given a grade of IA (Incomplete Attendance) and be required to provide acceptable reasons for
failure to attend classes. Students who notify me in advance of an absence will be treated
sympathetically. Cell phones, pagers, and other electronic devices should be switched off or on quiet
mode when in the classroom. Anyone observed texting, web-surfing, or otherwise engaged in activities
unrelated to the class will be asked to leave the classroom.
EXPECTATIONS: I expect that every student will prepare for and attend every class session. Students
are responsible for everything covered in class. In addition to class time, students are expected to spend
at least 67 hours studying course material. Study questions are provided to guide your studying. I am
ready and eager to help you individually during office hours or by appointment. Please bring all notes,
calculator and other necessary materials with you when you come for classes and exams accordingly.

References

Fess Warren, Accounting Principles, 16th edition

Fess Warren, Accounting Principles, 18th edition