FINANCIAL ACCOUNTING | Makerere University Courses

Course Code:

MBS 7101

Course Credit Units:

Semester:

Semester 1

Year of Study:

Year 1

Undergraduate or Graduate Level:

Graduate Level

College:

School:

Department:

Course Discipline:

Course Description & Objectives:

objectives:

To enable students explore and acquire comprehensive knowledge and understanding of Accounting so as to be able to logically handle some accounting tasks and problems.

To enable the students to apply this understanding accounting framework by preparing useable financial statements, present them as may be suitable to a wide range of users and interpreting financial reports in a practical context.

Learning Outcomes:

On completion of this course the student will be able to:

Describe the role of financial reports and their users.
Describe various types of regulatory framework of accounting.
Record transactions under the double entry system.
Construct a trial balance and correct errors.
To account for property, plant and equipment.
Prepare financial statements for business organizations, manufacturing concerns and non-profit making organizations.

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