ACC 117 Group Assignment
Course Details
Introduction to financial accounting.
About this Course
This course is designed to provide a fundamental understanding of the basic accounting concepts, principles and techniques of double entry system, procedures in preparing financial statements of a sole trader for merchandising and service enterprise. This course aims to provide students with the basic accounting knowledge of the total recording process as well as maintenance of full set of accounts that a business organization should keep.
Course Learning Outcomes
1) Prepare financial statements and bank reconciliation statements using the basic accounting knowledge for a sole proprietorship business. 2) Work collaboratively with other students in completing the accounting simulation project. 3) Analyse financial statements using simple financial ratios for sole proprietorship business.
Course Syllabus
+ Course Syllabus 1) Introduction to Accounting 1.1) Definition of accounting 1.2) Functions of financial statements 1.3) Main user groups of financial statements 1.4) Accounting cycle 1.5) Various forms of business entities 2) Introduction to qualitative characteristics of useful financial information and other accounting assumptions and concepts 2.1) Fundamental qualitative characteristics 2.2) -Relevance 2.3) -Faithful representation 2.4) Enhancing qualitative characteristics 2.5) -Comparability 2.6) -Verifiability 2.7) -Timeliness 2.8) -Understandability 2.9) Other accounting assumptions and concepts 2.10) -Going concern 2.11) -Historical cost 2.12) -Entity 2.13) -Money measurement 3) Accounting equation and accounting classification 3.1) Statement of financial position format and its elements 3.2) Basic accounting equation 3.3) Effects of transactions on the basic accounting equation 3.4) Expanded accounting equation 3.5) Effects of transactions on the expanded accounting equation 4) Principles of double entry 4.1) Double entry rules 4.2) Ledger entries 4.3) Balancing off ledger accounts 4.4) Pre-adjusted trial balance 4.5) Pre-adjusted financial statements 5) Books of prime entry 5.1) Introduction to source documents 5.2) Types of journals 5.3) Types of ledgers 5.4) Recording process from source documents to journals and posting to ledgers 6) Balance day adjustments and preparation of financial statements 6.1) Adjustments of accruals and prepayments 6.2) Bad debts and bad debts recovered 6.3) Doubtful debts and allowance for doubtful debts 6.4) Capital expenditure and revenue expenditure 6.5) Depreciation of non-current assets 6.6) Post-adjusted financial statements 6.7) Application of financial accounting 7) Bank reconciliation statement 7.1) Use of banking facilities for safe keeping of cash (bank account) 7.2) Update Cash Book 7.3) Reconciling the bank account with the bank statement 8) Financial statements analysis 8.1) Objectives of financial statements analysis 8.2) Types of financial ratios analysis 8.3) Preparation and interpretation of financial ratios 8.4) Limitations of financial ratio analysis
Frequently Asked Questions
Q1 : What is accounting? A1 : Accounting is the process of recording, classifying and summarising financial transactions to provide helpful information in making business decisions. Accounting also includes information about a company’s financial position, performance and cash flow statement. Q2 : What are the Financial Statements? A2 : The financial statements are the three primary reports that summarise a company’s financial position, results of operations, and cash flows. The accounting statements are the Statement of Financial position (balance sheet), Profit and Loss (income statement), and Cash Flow Statement. Q3 : What is Bookkeeping? A3 : Bookkeeping involves the recording and summarizing of financial transactions and other information related to the business on a day-to-day basis.
STATUS : Open
COURSE CODE : ACC117
CREDIT HOUR : -
PRE REQUISITE COURSE : No
DURATION : Flexible
EFFORT : 3 hours per week
COURSE LEVEL : Beginner
LANGUAGE : English
508 Students Students 10 Instructors
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ACC 117 - GROUP ASSIGNMENT 1 (2) - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Bussin' Desserts is a sole proprietorship that manufactures and distributes pastries and desserts. The owner started the business in December 2021 with RM60,000 in capital. Key transactions in December include purchasing supplies, selling products to customers ...
group assignment prepared by : 1. julita aieshah binti junaidi (2021883746) 2. nur azmina binti aldam (2021827758) 3. siti rashidah binti bahaman (2021616866) 4. nurul nadia binti sukirman (2021884869) prepared for : surail bin abdul kahar@eting table of contents no contents page 1. introduction and business background 2 2. transaction 3 3 ...
ACC 117 GROUP PROJECT 1 (GROUP 3) - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This document contains information about the group project for Lily Boutique Enterprise. It includes: 1. Background information on the sole proprietorship business which sells traditional Malay clothing. 2.
ACC balance assignment universiti teknologi mara faculty of business management academic year october 2021 february 2022 course details course accounting name. ... Contoh Webinar 1 - practice; Fundamental accounting and reporting for student; ACC117 OCT2021 GP2 QQ; ACC 106 (Format OF Final Accounts-amended)
ACC117 GROUP ASSIGNMENT - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. This document contains information on a group assignment submitted on January 14th, 2022 for an accounting course. The group members are Nur Syafira binti Mohammad Nizar, Muhammad Iman bin Zulkifli, Alifah Laiyinah binti Rosli, and Nurfatin Husna binti Khairul Anwar ...
GROUP ASSIGNMENT NURUL FATIHAH BINTI MUHAMMAD ZAHAR 2021896324 NURUL AINA SHAMIMI BINTI MOHD NAZRI 2021601966 NURFATIHAH BINTI AZMI 2021827992 NUR MARIA ZAHEERA BINTI ROZAIMEE 2021429468 ... ACC 117. I. Based on the financial statement for the year ended 30 June 2020 and 2021 given, a) ...
KAMPUS PERMATANG PAUH FINANCIAL ACCOUNTING ACC 117 GROUP ASSIGNMENT PREPARED FOR: MOHD SHFRI BIN DAIE PREPARED BY: CLASS OF PHM1112A 1 AINA MARDHIAH BINTI NAHAR 2022645532 2 SAIHAH RUSYDINA BINTI SHAMSURI 2022492558 3 FATIN INSYIRAH BINTI SHARIFFUDIN. 202 ... return outwards, cash receipt ngan cash payment journal. Contoh: - sales/p. ACC 117 ...
View ACC117 group assignment.pdf from ACC 117 at Universiti Teknologi Mara. INTRODUCTION TO FINANCIAL ACCOUNTING (ACC117) Group Assignment Group Of Class (JBA1111E) Prepared by: NO NAME STUDENT
acc financial statement analysis group assignment tie beauty enterprise lecturer's name : puan merani binti che ali student's name matrics no. putri maryam idez binti azlisham 2021605382 ayesha fariah binti azis 2021866848 nuraini suhaila binti salhadi 2021832486 nur aqilah sufia binti mohammad shahid 2021852622
Thank you so much! May we success in this subject ACC117 and all the best wishes will come true. Downloaded by Syalily Sofea ([email protected]) Business background Name: ACAP & KIMI CLOTHES STORE Location of business: No. 3930-A, Jalan Hospital Jitra 06000, Jitra,Kedah Operation hour: 8:00 am - 11:00 pm Activity of our business: Providing ...
View ACC117 assignment - Google Docs.pdf from ACC 117 at Universiti Teknologi Mara. GROUP ASSIGNMENT ACC117 GROUP : BA1141A PREPARED BY : MUHAMMAD AMER HAFIZ BIN YAZMAN HAFITH MOHD HAKIM ISKANDAR. AI Homework Help. Expert Help. Study Resources. ... ACC 117. View More. GROUP ASSIGNMENT ACC117 GROUP : ...
ACC117_assignment[1] - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. The document is a group assignment report for an accounting simulation project. It includes [1] an introduction outlining the project instructions, [2] background information on a sole proprietorship business called Variety Nasi Lemak Restaurants, and [3] a list of ...
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ACC 117 ASSIGNMENT - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. The document provides financial statements for two similar businesses, Farmasi Tapah and Farmasi Seri Iskandar, owned by Puan Khairiah. It asks the student to compute various accounting ratios for both businesses, including current ratio, quick ratio, inventory turnover ...
About this Course. This course is designed to provide a fundamental understanding of the basic accounting concepts, principles and techniques of double entry system, procedures in preparing financial statements of a sole trader for merchandising and service enterprise.
ACC 117 Group Assignment. Course: Accounting (AC110) 999+ Documents. Students shared 2586 documents in this course. University: Universiti Teknologi MARA. Info More info. Download. AI Quiz. AI Quiz. Download. AI Quiz. AI Quiz. 0 0. Was this document helpful? 0 0. Save Share. View full document. This is a preview.
Acc117 Group Assignment - Free download as PDF File (.pdf), Text File (.txt) or read online for free. The document provides background information on the Hijabista business including its owner, location, products sold, capital contributions, and employees. It then lists the business transactions that occurred from June 1-30, 2021 which include purchases, sales, returns, payments, and cash ...
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Recommended Text: Fatimah Abdul Rauf, Amla Abu, Radziah Mahmud 2020, FINANCIAL ACCOUNTING FOR NON-ACCOUNTING STUDENTS, McGraw-Hill Education [ISBN: 9789670761381] Reference Book Resources: Cheah Foo Seong 2016, Companies Act 2016, Sweet & Maxwell [ISBN: 9789670915739] Malaysian Accounting Standard Board 2018, Conceptual Framework for Financial Reporting ...
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View ACC117_SAMPLE_TEST_Q_JAN2022.pdf from ACC 106 at Universiti Teknologi Mara. CONFIDENTIAL AC/JAN 2022/ACC117 UNIVERSITI TEKNOLOGI MARA SAMPLE TEST COURSE : INTRODUCTION TO FINANCIAL ... Transition Reaction and Krebs Cycle Lab Assignment.docx. Screenshot (253).png. Alien_Invasion_Concho_Pupfish. k together c eed to medium high and beat for 6 ...