University of the Punjab, Lahore
Hailey College of Banking & Finance
Course Outline
(Core Course / Auxiliary Course /Special Course)
BBA Course
Program Instructor
Years/Semester Email
Name of the Course Principles of Accounting
Course No. BHBF312
Credit Hours 3 Credit Hours
Prerequisites Working knowledge of Accounting
Follow Up --
Category Core Course
Course Description Principles of Accounting course provides students with the opportunity to explore
basic accounting systems, processes, and the resulting financial statements.
Additionally, the students will closely examine accounting rules, procedures, and
controls that are applicable to cash, receivables, and inventory. Included in this
program is accounting for investments in long-term productive assets. This
curriculum provides a thorough introduction to financial accounting and the
responsibilities one should be prepared for in the world of accounting
Learning Objectives After studying this course the student will be able to understand:
1. The language of Accounting.
2. Complete Accounting Cycle.
3. Preparation and the role of Journal, Ledger, Trial Balance and subsidiary books.
4. Preparation of financial statements like Trading & Profit & Loss Account alongwith
Balance Sheet for Sole-Proprietorship and partnership businesses.
Syllabus Before Mid-Term Examinations
WEEK 01 Need and importance of Accounting
Important terms and concepts
Book Keeping Vs. Accounting
Branches of Accounting.
WEEK 02 Accounting Equation
Exercises
WEEK 03 Steps involved in Accounting cycle.
Identification of Accounts
Classification of Accounts in five major heads
Effects of Increase of increase/decrease
Debit (Dr.) and Credit (Cr.) Rules
WEEK 04 Recording of business transactions in the Journal
Positing of entries from Journal to Ledger
Preparation of Trial Balance
WEEK 05 Comprehensive exercises
WEEK 06 Banking Transactions. Bank and its functions, how to open bank
account, cheques. Recording of banking transactions.
Exercises
WEEK 07 Bank Reconciliation Statement and its preparation.
WEEK 08 Comprehensive exercises
Syllabus After Mid-Term Examinations
WEEK 09 Adjustments and their effect on the final accounts
Exercises
WEEK 10 Preparation of Financial Statements e.g., Profit & Loss Account and
Balance Sheet of Sole Proprietorship / Partnership concerns.
WEEK 11 Problems and their solutions
WEEK 12 Capital and Revenue Expenditures / Receipts
Capital and Revenue Profits/Losses
Deferred Revenue Expenditures
WEEK 13 Exercises of Capital & Revenue
WEEK 14 Rectification of Errors. (Book Keeping & Trial Balance Errors).
WEEK 15 Problems and their solutions
WEEK 16 Revision & review of the subject
Text Books Fundamentals of Accounting
By Hafiz Mohyuddin Tahir Mahmood FCCA, FCA
Reference Material Will be provided
Instructional Smart Projector
Aids/Resources Video Lectures
Online Case Study Database Access (Harvard)
Turnitin
Teaching strategies Participatory lectures, assignments, workshop sessions,
presentations, term papers
Assessment Marks in % Sessional Mid Final Total 100%
Criteria 25 35 40 100
Governing Rules
Students are advised to go through the rules and regulations governing their class
attendance, display of College ID Card, use of mobile phones, eating/smoking,
roaming, general behavior, etc. on the Campus.
Any violation thereof is punishable under the relevant rules.
Attendance
75% Class Attendance is mandatory, failing which the student shall be dropped from
Requirements the class.
Classroom
In class all cell phones must be turned off or set on “silent mode.” During lectures use of mobile
Behavior phone or other gadgets without the permission of instructor is not allowed
Honesty Policy
A Participant found in cheating on any exam/ assignment/ project will receive no credit (i.e. no grade)
for that exam/ assignment/ project