INSTITUTE OF HEALTH MANAGEMENT

Course Outline: Introduction to Accounting

Class: BBA-I
Instructor: Muhammad Rizwan
Full Course/Shared Course: Full Course
Portions Assigned: No portion assigned

Course Objectives: At the end of the course, student will be able to:

A business or an organization needs a tool to communicate its results and position to stakeholders, a tool
that is commonly understood by all. For that purpose, accounting serves as the language of business.
Stakeholders, in return, use this information make sound decisions. Bearing these in mind, this course
aims to convey sufficient knowledge for an adequate interpretation, analysis and use the information
provided by financial accounting.

Following an investigation of the accounting information system and accounting cycle, the course will
deepen knowledge on all the components of the balance sheet, using a double entry bookkeeping
perspective

S. Topic Duration Teaching Method Assessment

No
1 Definition of Accounting, Generally Accepted 3 hours Teaching spontaneous
Accounting Principles (GAAP), Accounting Concepts Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
2 Principal financial statements: Income Statement, 3 hours Teaching spontaneous
Balance Sheet, Statement of Owner Equity, Statement of Presentation on Questioning
Cash Flows. Multimedia Quizzes
Types of business, Sole Proprietorship, Corporations Class Discussion Assignment
Examination
3 Accounting Equation: Double entry bookkeeping System, D3 hours Teaching spontaneous
Credits Presentation on Questioning
Book of Original Entry, General Journal, Ledger Multimedia Quizzes
Class Discussion Assignment
Examination
4 Accounting Equation: Double entry bookkeeping System, D3 hours Teaching spontaneous
Credits Presentation on Questioning
Book of Original Entry, General Journal, Ledger Multimedia Quizzes
Class Discussion Assignment
Examination
5 Accounting Cycle: Footing, Balancing of Accounts, Prepar 3 hours Teaching spontaneous
Trial Presentation on Questioning
Balance Multimedia Quizzes
Class Discussion Assignment
Examination
6 Accounting Cycle: Footing, Balancing of Accounts, Prepar 3 hours Teaching spontaneous
Trial Presentation on Questioning
Balance Multimedia Quizzes
Class Discussion Assignment
Examination
7 Adjusting entries 3 hours Teaching spontaneous
 Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
8 MID TERM EXAMINATION
9 Adjusted Trial Balance 3 hours Teaching spontaneous
Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
10 Worksheet, Income statement, Statement of Retained 3 hours Teaching spontaneous
Earnings Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
11 Worksheet, Income statement, Statement of Retained 3 hours Teaching spontaneous
Earnings Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
12 Development of Balance sheet and Income Statement 3 hours Teaching spontaneous
Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
13 Closing Entries 3 hours Teaching spontaneous
Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
14 Closing Entries 3 hours Teaching spontaneous
Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination
15 Post-closing Trial Balance 3 hours Teaching spontaneous
Presentation on Questioning
Multimedia Quizzes
Class Discussion Assignment
Examination

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

Reference Books
Accounting by Meigs & Meigs
Accounting principles by Smith & Keith