i.

Course Title

ACC 188: PRINCIPLE OF FINANCIAL ACCOUNTING

ii. Course aim

“Principles of Financial Accounting” is a course that introduces students to the fundamentals of

financial accounting and Government accounting. This course is designed for Bsc. Economics
students in their first year of study in order to equip them with the basic concepts and uses of
financial accounting information in a business environment and its role in the economic decision-
making process.

iii. Course expected learning outcome(s)

At the end of the course, student should be able to:
 Understand and be able to apply the basic principles of financial accounting.
 Understanding the accounting cycle and be able to prepare the basic financial statements.
 Understand the basics of government accounting process.

iv. Course status Core

v. Credit rating 12Credit Points
vi. Total hours spent 120 Learning hours
Vii. Course Content
COURSE CONTENT:
1. Accounting concepts and principles
2. Accounting procedures and systems
3. Accounting for cash transactions
4. Accounting for Inventories
5. Introduction to government accounting
6. Government budgeting and budgetary control
7. Accounting for government revenue and expenditure

Viii. Teaching and learning activities

Lectures, Seminars, Case Studies, Individual and Group Presentations, role
plays and Guest Speaker

ix.Assessment Methods
Individual and Group Assignments, Tests, Presentations and End of Semester
Examinations as per Mzumbe University Examinations and Student Assessment
Criteria

x. Reading list
REQUIRED READINGS:

1. Wood, Frank, (2008) Business Accounting I., Longman, London.

2. Meigs & Meigs: Accounting (2001)- The basis for business decisions, McGraw-Hill,
Tokyo, (Latest Edition)
3. Weygandt, Jerry J, D.E Kieso and P.D Kimmel, (2005), “Accounting principles, 7th Ed, John
Wiley and Sons, Inc.

4. Muggitu, B.N, (1991) Government Accounting and Financial Procedures,A Study Guide,
Dar Es Salaam.

5. Arora, Muhimbi and Utouh,(1985) Government Accounting and Financial Reporting

Procedures in Tanzania, IDM Mzumbe.