Fundamentals of Computerized Accounting Course Outline Bachelors of Information Technology

ISLAMIC UNIVERSITY IN UGANDA - KAMPALA CAMPUS

FACULTY OF SCIENCE
DEPARTMENT OF INFORMATION TECHNOLOGY

FUNDAMENTALS OF COMPUTERIZED ACCOUNTING COURSE OUTLINE

PROGRAMME : Bachelors of Information Technology (BIT)

COURSE CODE : ACC 1201
CREDIT HOURS : 3
YEAR : One
ACADEMIC YEAR : 2020/ 2021
SEMESTER : Two
COURSE FACILITATOR : Mr. DDAMBA AbdulKarim [0703348992]

Course Description
The course introduces students to the principles of accounting, computerized accounting packages,
their general structures and practical application in business information management.

Learning Outcomes
By the end of the course, students will be able to;
 Demonstrate knowledge of fundamental accounting concepts, including the definitions of
the elements of financial statements: assets; liabilities, equity; revenues and expenses.
 Demonstrate knowledge of the accounting cycle, from transactions through to trial balance,
period-end adjustments and the preparation of the financial statements
 Develop a working knowledge of how Computerized Accounting Software Applications
works in the processing of accounting data and the controls that are necessary to assure
accuracy and reliability of the data processed by the software.
 Demonstrate competence by using Microsoft Spreadsheet Program operations to create
accounting and financial models that process accounting data
 Use Tally ERP 9.0 Accounting Software to complete an accounting cycle by capturing and
inputting accounting data, processing and analyzing the data/ information to present it into
financial reports for interpretation.

Methods of Presentation & Delivery

The course is delivered with a mixture of lectures highlighting points in text and relating them
anecdotally to the business world coupled up with class discussions and hands-on application
to help students develop insights into the way computers and computerized accounting
applications are used and managed in accounting and financial field. Good attendance and
active participation (some of them is group-based) in class discussions are essential.

©Prepared By Ddamba AbdulKarim Page 1 of 4

Islamic University In Uganda - Kampala Campus
Faculty of Science (Department of Information Technology)
Semester – II, 2020/2021
Fundamentals of Computerized Accounting Course Outline Bachelors of Information Technology

OUTLINE OF INSTRUCTION
MAIN TOPIC SUB-TOPIC
 Definition, meaning and nature of accounting
 Development of accounting discipline
 Branches/ types of accounting
 Utility/ importance of accounting
 Advantages & limitations of accounting
Introduction to Accounting
 Accounting information, qualities of accounting
information
 Users of accounting information
 Role of accountant in a business
 Accounting principles, concepts, conventions and
standards
 The accounting cycle, process, concepts principles and
conventions
 The fundamental accounting equation
Recording of Transactions
 Account types and their treatment
 Recording/ Posting accounting transactions
 Preparation of final accounts
 Definition, and nature of accounting software
 Classification & types of accounting software
packages
 Features of accounting software packages
 Modules/components of accounting software
Computerized Accounting packages
Software Packages  Versions & examples of accounting software
 Business values of using accounting software
packages
 Choosing accounting software packages
 Challenges with the adoption & use of accounting
software
 Designing accounting forms, source documents &
templates e.g. purchase & sales orders, GRN’s,
quotations, sales & tax invoice, voucher, receipts etc.
 Design and develop general journals and general
Using Excel to develop ledgers workbooks.
accounting models used  Develop cashbook models to process cashbook and
process and analyze bank transactions.
business transactions  Develop multiple sheets in a workbook to prepare &
model financial statements for external reporting.
 Creating and processing payroll models.
 Design worksheets for depreciation models.
 Graph components of financial statements in a pie
chart, line graph and bar graph and analyze results.

©Prepared By Ddamba AbdulKarim Page 2 of 4

Islamic University In Uganda - Kampala Campus
Faculty of Science (Department of Information Technology)
Semester – II, 2020/2021
Fundamentals of Computerized Accounting Course Outline Bachelors of Information Technology

 Getting functional with Tally and setting up a

company in Tally
 Setting up company features and configurations
Computerized Accounting
 Create accounting masters in tally
With Tally Accounting
 Create inventory masters in tally
Software
 Processing accounting vouchers in tally
 Processing inventory vouchers in tally
 Generating financial reports in tally
Attendance and Participation
Please come on time and stay for the entire class. If you come to class late you may miss
important announcements. Regular student attendance and participation are essential. Because
the material covered in class is cumulative, missing classes will put students at a disadvantage.
Major concepts will be discussed, and time will be spent on hands-on application. If you are
ill or have a family emergency contact me and make arrangements to make up what you
missed.
Course Material
A majority of the relevant material for this course will come from online resources, instructor-
authored lecture materials and handouts written specially for this course syllabus. These
materials will be delivered through the ERP or Course WHATSAPP group.
Assessment & Evaluation Methods
a) Coursework test one (theory) (10%)
b) Coursework test two (practical) (10%)
c) In-class assignments (practical & theory) (10%)
d) Final written examination (70%)
Pass Mark (50%)
Make-up tests and course works will not be given unless prior notification is given and there
is a legitimate, documented reason for missing the scheduled exam.

Assignments
Assignments in this course will be accounting related exercises, reading assignments, and
some in-class activities. Assignments will be posted to the ERP, and due dates will be added
to the course calendar. We urge you to begin assignments as soon as possible to avoid the
bottleneck that inevitably occurs as due dates approach. You are responsible for completing
your assignments on time.

©Prepared By Ddamba AbdulKarim Page 3 of 4

Islamic University In Uganda - Kampala Campus
Faculty of Science (Department of Information Technology)
Semester – II, 2020/2021
Fundamentals of Computerized Accounting Course Outline Bachelors of Information Technology

Readings and References

Extracts from the following books will be used in class:
1. Basics of Accounting and Information Processing: The Accounting Cycle, Larry M Walther,
2010
2. Tally ERP 9 Fundamentals, Tally Solutions pvt, 2012
3. Tally ERP 9 at a glance, Tally Solutions pvt, 2009:
4. Quick Books, Small Business Accounting User Guide, Intuit Inc, 2012
5. Accounting Information Systems; By Romney & Steinbart, 2006, 10th Edition.
6. Accounting Information Systems; By Wilkinson, Cerullo, Raval, 4th Edition.
7. Accounting Information Systems; The Crossroads of Accounting & IT; By Kay and
Ovilia.
8. Accounting Information Technology and Business Solutions; By Irwin; Perry &
Schneider, Building.
9. Accounting Principles; By Weygandt, J., Kieso, D., Kimmel P., Trenholm, B., & Kinnear,
6th Canadian.
10. Excel Applications for Accounting Principles; By Gaylord N. Smith, Thomson.
11. Fundamental Accounting Principles; By Larson, K.D. & Jenson, T. (2013), Volume 1
(14th Canadian Edition).
12. Fundamentals of Accounting Information Systems: An Internal Control Approach;
By Johnson, (c) 2013.
13. Implementing Tally 6.3: By A.K. Nadhani and K.K. Nadhani.
14. Microsoft Excel for Accounting; By Katherine T. Smith, L. Murphy T Smith & Lawrence
C. Smith.
15. Tally ERP.9 Training Guide (English): 1st Edition, By Nadhani
16. Tally, Sridharan, Narmadha publications, May 2003.
17. Using Excel and Access for Accounting 2010; By Owen.

©Prepared By Ddamba AbdulKarim Page 4 of 4

Islamic University In Uganda - Kampala Campus
Faculty of Science (Department of Information Technology)
Semester – II, 2020/2021