Dow University of Health Sciences

Course Overview

1 Title of Course Principles of Accounting

2 Course Code ACC 414

Institute/ College/
3 Institute of Business and Health Management
Department
4 Course Coordinator Muhammad Rizwan
5 Mode of Study On Campus
6 Duration 48 hrs
Campus/ Location
7 Online-DUHS
Office
8 Total Credit Hours 03 cr
9 Accredited by
Date of Commencement
10 March 2021
of course.
Date of Evaluation/
11
Review
Course Details
A Introduction
Principle of Accounting is designed to familiarize and develop in the students a thorough
understanding of the accounting concepts, principles and procedures involved in the analysis and
recording of business transactions and the preparation of financial statements for service and
trading concerns. Accounting concepts and techniques underlying income determination and
valuation of current and long-term assets, together with their related internal control measures and
their presentation in the financial statements are emphasized.
B Course Objectives
Upon successful completion of this course students will be able to:

1. Summarize the development of accounting principles and relate them to practice.

2. Explain the role of accounting in business & how business transactions can be stated
in terms of the resulting changes in the basic elements of the accounting equation.
3. Explain why accounts are used to record and summarize the effects of transactions on
financial statements.
4. Prepare a trial balance and explain how it can be used to discover errors.
5. Summarize the adjustment process and prepare an adjusted trial balance.
6. Review the seven basic steps of the accounting cycle & Prepare financial statements from
a work sheet.

Principles of Accounting, BBA, SP 2021

C Eligibility Criteria
All students of BBA III can attend the course. The course has no pre requisite as it is
basic course.

D Course Requirements, Rules & Regulations

1. Students should have Book hard copy or soft copy (provided via email)
2. Students should attend the class actively.
3. Student should bring their calculator for calculation
4. Student should be on time

E Course Plan (TOPIC wise course schedule).

Week Chapter Topic Details

1-2 Chap 1 Basic  What is Accounting
Warren 27e
Accounting  GAAP, IFRS and Accounting
Principles and assumptions
Assumptions  The basic accounting equation
 Using the accounting equation
 Financial statements

3-5 Chap 2 The  The account

Warren 27e
Recording  Steps in the recording process
Process,  The recording process illustrated
 The trial balance
 Timing issues

6-8 Chap 3 Adjusting the  The basics of adjusting entries

Warren 27e
Accounts  The adjusted trial balance and
financial statements

9 Mid term

Principles of Accounting, BBA, SP 2021

 10-12 Chap 4 Completing  Using a worksheet
Warren 27e
the  Closing the books
Accounting  Summary of the accounting cycle
Cycle  The classified balance sheet

13 Chap 4 Completing  Closing entries

Warren 27e
the  Post-closing trial balance
Accounting
Cycle
14-15 Chap 6 Accounting for  Merchandising operations
Warren 27e
Merchandising  Recording purchases of
Operations merchandise
 Recording sales of merchandise
 Completing the accounting cycle
 Forms of financial statements
1 6-1 7 Chap 7 Inventories  Classifying inventories
Warren 27e  Determining inventory quantities
 Inventory valuation/costing
 Inventory errors
 Effect of using particular
inventory valuation method on
financial results

Recommended Text
Fundamentals of Accounting by Charl warren, Reeve & Fees

Reference Books
1. Accounting by Meigs & Meigs
2. Accounting principles by Smith & Keith

F Course Assignments
Assignments Chapters Due Date

Assignment 1 1&2 10th April 2021

Assignment 2 3&4 31th May 2021

Final Report 6&7 30th June 2021

G Assessment/Grading Policy

Principles of Accounting, BBA, SP 2021

 Grading Weightage
Quizzes, Assignments & Project 35%
Mid Term Exam 25%
Final Exam 40%
Total Weightage 100 %
H Learning Resources
1. Power Points slides will be uploaded on the DOES for the students after conducting the
Class.
2. Recorded lectures will be available for the students for the Revision or review any of the
slides in off timings.
3. Solved Problems of class and Case Studies will be available for the students for better
understanding of questions in off timings.
4. Reading Books as mentioned above will be uploaded on the DOES for the student’s
enhancement of knowledge.
5. Videos: https://www.youtube.com/playlist?list=PLuDogk1rsivCeUWyWrHm1y1sBs2n7QeVL

I Course Evaluation
Course evaluation will be conducted online by QEC.

J List of Course Faculty

Give a list including names and contact details (emails and/or phones numbers)
of course coordinator and faculty members.
Name Email Phone
Muhammad Mohammad.Rizwan@duhs.edu.pk 0333-2562926
Rizwan

Principles of Accounting, BBA, SP 2021