Unit Code: DAC 203

Unit Title: INTRODUCTION TO ACCOUNTING 1

Program(s): DAF,DBMA,DHRM,DPSM & DBF
Lecturer Name: Mr. Daniel Mwangi
Lecturer Contacts: Email: (Daniel.mwangi@zetech.ac.ke) , Phone No: 0725 351 479
Consultation time : Tuesdays: 2 pm – 5 pm
F-7-16

UNIT DESCRIPTION/ OBJECTIVES OF THE UNIT

The aim of this course is to introduce learners the basics of accounting, understanding of different
accounts and report accounting information in line with accepted accounting practices.

EXPECTED LEARNING OUTCOMES

By the end of the unit the student should be able to:
1. Be able to explain the accounting system and accounting equation
2. Understand accounting concepts
3. Be able to prepare basic accounting statements

COURSE SYLLABUS AND SCHEDULE

Week Topic Sub-topic

Week 1 Orientation Orientation

Week 2 Introduction to financial  Definition of FinancialAccounting

accounting  Users of financial accounting
information
 Accounting concepts
 Characteristics/qualities of useful
accounting information
Week 3 Accounting equation  Accounting equation contents
and formula
 Meaning and examples of assets,
liabilities and capital
 Calculation of
assets/liabilities/capital using the
accounting equation.

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Week 4 Accounting system
 Meaning of accounting system
 Contents of accounting system
 Source documents
 Sales invoice
 Purchases invoice
 Credit note
 Debit note
 Receipts and cheques
 Petty cash vouchers
 Other correspondence
Assignment 1

Week 5 Books of prime/original entry  Sales journal/sales day book

 Purchases journal/purchases day
book
 Return inwards journal/sales
returns
 Return outwards
journal/purchases returns

Week 6 CAT 1 Writing Continuous Assessment Test 1

Week 7 Petty cashbook and cashbooks  Meaning of petty cashbook and

Week 8 Double entry concept, ledger
accounts and trial balance
cashbook
 Meaning of imprest system
 Preparation of petty cashbook
 Preparation of two-column
cashbook
 Preparation of three-column
cashbook
 Meaning of double entry concept
 Format of ledger accounts
 Preparation of ledger accounts
 Debit and credit entries of the
following accounts:
 Assets
 Liabilities
 Capital
 Sales
 Purchases
 Return inwards
 Return outwards

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  Expenses
 Incomes
 Drawings
 Meaning and purpose of a trial
balance
 Format of a trial balance
 Preparation of trial balance from
ledger accounts
 Summary of trial balance entries

Week 9 Bank reconciliation statement  Definition of a bank

reconciliation statement
 Purpose of a bank reconciliation
statement
 Causes of differences between a
bank statement balance and cashbook
balance
 Preparation of an updated
cashbook
 Preparation of a bank
reconciliation statement
Assignment 2

Week 10 Final accounts of a sole trader  Income statement/trading, profit

and loss account format and preparation
 Statement of financial
position/balance sheet format and
preparation

Week 11 Adjustments to final accounts  Accrued expenses

 Accrued income
 Prepaid expenses
 Prepaid income
 Bad debts
 Provision for bad debts/doubtful
debts
 Depreciation
Week 12 Writing Continuous Assessment Test 2

CAT 2
Week 13 REVISION

Week 14 & 15 FINAL EXAMINATION

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 TEACHING/LEARNING METHODOLOGY
Lecturers, Class discussion, Group discussions, Case studies and Presentations

INSTRUCTIONAL MATERIALS
Tablet, Smart board, LCD projector & Computers, Flipcharts, televisions, videos

ASSESSMENT CRITERIA

Assessment Type Frequency Percentage

Assignment/presentation 2 10%
CATs 2 30%
Final Examination 1 60%
Total 100%

REFERENCE TEXTBOOKS

1. Saleemi N.A. (2016), Financial Accounting Simplified, East Africa Edition

2. Wang’ombe K. D. (2015), Fundamentals of Accounting. Nairobi Focus Publishers Ltd.
3. Wild J. J, Larson K. D. and Chippeta B (2007), Fundamental Accounting Principles.
McGraw-Hill Incorporation, 18th Edition.

Course Journals
1. Journal of Accountancy
2. Journal of Accountancy Research ISSN: 1475-679x.
3. Journal of Accounting, auditing & Finance

Reference journals

1. Journal of Accounting, auditing & Finance

Approval for circulation by:

Unit lecture name: Daniel Mwangi Signature: ..……DM………..

HOD name: Barrack ouma Signature

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