Unified Course Syllabus- Faculty of Economics and Administrative Sciences

1 Course title Principles of Accounting (1)

2 Course number 110205106
Credit hours 3 Hours
3
Contact hours (theory, practical) 3 Theoretical hours
4 Prerequisites/corequisites N/A
Bachelor of accounting, Bachelor of accounting and
5 Program title
commercial law
6 Program code
7 Awarding institution The Hashemite University
8 School Faculty of Economics and Administrative Sciences
9 Department Accounting
10 Level of course First Year
11 Year of study and semester (s) 2022-2023 First Semester
12 Final Qualification Bachelor Degree
Other department (s) involved in N/A
13
teaching the course
14 Language of Instruction English / Arabic
15 Teaching methodology Blended Online  On Campus
Moodle Microsoft Teams ☐ Skype Zoom
16 Electronic platform(s)
☐Others…………
17 Date of production/revision

18 Course Coordinator:

19 Other instructors:

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20 Course Description:

This course consists of studying accounting as an important information system in economic

entities, which special emphasis on accounting cycle in both service and merchandising
companies. It introduces the accounting cycle, journal entries in addition to preparing the statement
of income, statement of financial position (balance sheet), and statement of changes in owner’s
equity.

21 Course aims and outcomes:

A- Aims:
The course aims at introducing students to fundamental accounting concepts underlying the financial
accounting. It also aims to explain the basics of accounting as well explain the practice of accounting
in terms of accounting equation, recording process, accounting cycle, and accounting for goods.

B- Intended Learning Outcomes (ILOs):

Upon successful completion of this course, students will be able to:

1. Identifying what is the meaning of accounting, its concepts and principles.

2. Recognizing the actual accounting practices of recording transactions and preparing
T-accounts, worksheets, as well as the financial statements.
3. Identify the relationship between the three financial statements.
4. How to adjust the accounts and close the accounting books.
5. Understand the accounting for merchandise operations.
6. Understand the accounting concepts, terms, principles, assumptions.
7. Employing knowledge in executing the accounting cycle beginning with analysis
of accounting transaction and ending with prepare financial statements
8. Apply international financial reporting standards to business situations
9. Explain how the financial statements are affected by inventory valuation and interest

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22. Topic Outline and Schedule:

Teaching Evaluation
Week Lecture Topic References
Methods*/platform Methods**
Ch.1: Accounting
in Action.
Participation & Textbook &
1.1  What is Lecture On Campos
Discussion Reading List
accounting?
1
Ch.1: Accounting
1.2 in Action.
Participation & Textbook &
 The building Lecture On Campos
Discussion Reading List
1.3 blocks of
accounting.
Ch.1: Accounting
2.1 in Action.
Lecture On Campos, Participation & Textbook &
 The basic
Microsoft Teams. Discussion Reading List
2.2 accounting
2 equation.
Ch.1: Accounting
in Action. Lecture On Campos, Participation & Textbook &
2.3
 Financial Microsoft Teams. Discussion Reading List
statements.
Ch 2: The
Participation & Textbook &
3.1 Recording Process Lecture On Campos
Discussion Reading List
 The account.
Ch 2: The
Recording Process
Participation & Textbook &
3.2  Steps in the Lecture On Campos
Discussion Reading List
3 recording
process.
Ch 2: The
Recording Process
Participation & Textbook &
3.3  The recording Lecture On Campos
Discussion Reading List
process
illustrate.
Ch 2: The
Recording Process Lecture On Campos, Participation & Textbook &
4.1
 The trial Microsoft Teams. Discussion Reading List
balance.
Ch 3: Adjusting the
4 Participation & Textbook &
4.2 Accounts Lecture On Campos
Discussion Reading List
 Timing issues.
Ch 3: Adjusting the
4.3 Accounts
 The basic of Participation & Textbook &
Lecture On Campos
adjusting Discussion Reading List
5.1 entries.
(Deferrals)
5 Ch 3: Adjusting the
5.2 Accounts Participation & Textbook &
Lecture On Campos
 The basic of Discussion Reading List
5.3 adjusting

3
 entries.
(Accruals)
Ch 3: Adjusting the
6.1 Accounts
 The adjusted Lecture On Campos, Participation & Textbook &
trial balance Microsoft Teams. Discussion Reading List
6.2 and financial
6 statements.
Ch 3: Adjusting the
Accounts
Lecture On Campos, Participation & Textbook &
6.3  Comprehensive
Microsoft Teams. Discussion Reading List
problem

Ch 4: Completing
7.1 the Accounting
Cycle Participation & Textbook &
Lecture On Campos
 Closing the Discussion Reading List
7 7.2 books.

Ch 4: Completing
7.3 the Accounting
Cycle Participation & Textbook &
Lecture On Campos
 Summary of the Discussion Reading List
8.1 accounting
cycle.
Ch 4: Completing
8.2 the Accounting
8 Cycle
 The classified Lecture On Campos, Participation & Textbook &
statement of Microsoft Teams. Discussion Reading List
8.3 financial
position.

Ch 5: Accounting
9.1 for Merchandising
Participation & Textbook &
Operations Lecture On Campos
Discussion Reading List
9.2  Merchandising
9
operations.
Ch 5: Accounting
9.3 for Merchandising
Operations
Participation & Textbook &
 Recording Lecture On Campos
Discussion Reading List
purchases of
10.1
merchandise.

Ch 5: Accounting
10 10.2 for Merchandising
Operations
Participation & Textbook &
 Completing the Lecture On Campos
Discussion Reading List
accounting
10.3
cycle.

11.1 Ch 5: Accounting Lecture On Campos, Participation & Textbook &

11
for Merchandising Microsoft Teams. Discussion Reading List
11.2 Operations

4
  Forms of
financial
statements.
Ch 5: Accounting
for Merchandising
Lecture On Campos, Participation & Textbook &
11.3 Operations
Microsoft Teams. Discussion Reading List
 Comprehensive
problem.
Ch 6: Inventories
Participation & Textbook &
12.1  Classifying Lecture On Campos
Discussion Reading List
inventories.
Ch 6: Inventories
12  Determining Participation & Textbook &
12.2 Lecture On Campos
inventory Discussion Reading List
quantities.
12.3
13.1 Ch 6: Inventories
Participation & Textbook &
 Inventory Lecture On Campos
13 13.2 Discussion Reading List
costing.
13.3
Ch 6: Inventories
 Lower of cost or Participation & Textbook &
14.1 Lecture On Campos
net realizable Discussion Reading List
value.
Ch 6: Inventories
14 Participation & Textbook &
14.2  Inventory Lecture On Campos
Discussion Reading List
errors.
Ch 6: Inventories
Lecture On Campos, Participation & Textbook &
14.3  Comprehensive
Microsoft Teams. Discussion Reading List
problem.
15.1
Lecture On Campos, Participation & Textbook &
15 15.2 Revision
Microsoft Teams. Discussion Reading List
15.3
 Teaching methods include: Synchronous lecturing/meeting.
 Evaluation methods include: Homework, Quiz, Exam.

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23 Evaluation Methods:
Opportunities to demonstrate achievement of the ILOs are provided through the following assessment
methods and requirements:

Evaluation Activity Mark Topic(s) Period (Week) Platform

- Ch 1: Accounting in
Action
- Ch 2: The Recording
University
Short Exams 40 Process 6 - 10
platform
- Part from Ch 3:
Adjusting the
Accounts
Participating 10 - All Chapters 1-16 -
University
Final Exam 50 - All Chapters 16
platform

24 Course Requirements:

Students should have a computer, internet connection.

25 Course Policies:

A. Attendance policies: Students are not allowed to miss more than 15% of the classes during the
semester. Failing to meet this requirement will be dealt with according to the university
disciplinary rules.
B. Absences from exams and submitting assignments on time: The Hashemite University regulations
are applied.
C. Health and safety procedures: Students must follow the Hashemite University health instructions.
D. Honesty policy regarding cheating, plagiarism, misbehavior: Cheating or Plagiarism will be
treated according to the University's rules and regulations.
E. Grading policy: According to the university grading requirements
F. Available university services that support achievement in the course: Platforms

26 References:

Main Text Book:

 Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso August 2018, ©2019, Financial
Accounting, IFRS Edition: 4th Edition.
Text site: https://bcs.wiley.com/he-bcs/Books?action=index&itemId=111950340X&bcsId=11267

Reading Lists:
 Accounting Principles, 14th Edition Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell.
 Financial Accounting, 14th Edition, McGraw-Hill. Jan R Williams, Susan F haka, etl.
 Fundamental Financial Accounting Concepts11th Edition By Thomas Edmonds and
Christopher Edmonds and Philip Olds and Mark Edmonds and Jennifer Edmonds.

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27 Additional information:

During the semester, students will be asked to handle their assignments and homework randomly for
each chapter in this course, the assignments will be selected from the following table (guidelines
table):

Chapter: Assignments:
Chapter 1 *BE1-3,5,8,9 *E1-1,6,8,9,11,13,16 *P1-2A, 4A, 5A.
Chapter 2 *BE2-7,9,10 *E2-1,2,4,5,9,11,15 *P2-2A,4A *P2-3B.
Chapter 3 *BE3-3,4,5,7,12 *E3-1,4,5,7,8,10, 13,18,21 *P3-1A, 3A.
Chapter 4 *BE4-1,6,8,10,11 *E4-2,6,8,9,11,12, 13,15,17 *P4-1A, 3A.
Chapter 5 *BE5-1,3,4,6,9,10,12 *E5-1,3,5,9,11,14, 17,20 *P5-2A,7A *CP5.
Chapter 6 *BE6-1,3,4,5,8,9 *E6-1,4,6,10,14, 15,17 *P6-2A, 5A.

Name of Course Coordinator: Signature: Date:

Head of Curriculum Committee/Department: ---------------------------- Signature: --------------------------

Head of Department: ------------------------------------------------------------ Signature: -----------------------

Head of Curriculum Committee/Faculty: ---------------------------------------- Signature: -------------------

Dean: ---------------------------------------------------------- Signature: -------------------------------------------