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department OF Accounting

College of business administration- Al kharj

King saud university


Course Code & Title:     ACCT-103 - Principles of Financial        Accounting

Year                                       : 2                    Semester       : Third

Contact Hours                    :(3+0+1)          L/ T/P

Credits                                  : 3   


Rationale : 

This course is designed to provide the student with an introduction to financial accounting basics and procedures, and emphasis is placed on the study of the accounting system and the financial accounting cycles of service organizations and merchandising.


Learning Outcomes :

§     Fundamental of Financial Accounting- meaning ,concepts, Principle and Objective

§     Accounting System- Double entry system, Debit and Credit Rules, basic Equation

§     Accounting Cycle –Identifying and Recording Transactions, Journal ,Ledger,Trial   balance

§     Adjusting Entries and Adjustment in Trial balance

§     Preparation of Financial statement of Service Organization i.e. income statement and Balance Sheet

§     Preparation of Financial Statement of Merchandising companies


Pre-requisites :  


 Course Outline :

 §         Introduction  : Accounting Principles : in this unit  meaning of Accounting, concepts , its importance in business , its objectives, Accounting principles ,postulates, and policies will be discussed .

  • Analyzing financial transaction  through out Accounting Equation .
  • Analyzing financial transaction  through out Double Entry System .
  • Accounting cycle -  in this unit students are expected to acquire the skills of summarizing entries , dealing with journal, Ledger, and Closing Entries .
  • Final Accounts ; in this unit student will have to deal with final Accounts i.e starting from Journal book, Ledger, Trial Balance, income statement  and ending with Balance sheet .
  • Case study ;  student in this stage are expected to deal accounting cycle , so various case study will be introduced to the student to prepare final accounts and summarizing results .

Required Text :

  1. Accounting principles , Weygandt, Jerry J , D.E. Kieso, And P.D kimmel ,   John   Wiley & Sons ,
  2. Basic accounting concepts, principles and procedures, Mostyn, Gregory R, Worthy & James Pub., 2007.


Suggested Readings :

  1. Accounting principles , Weygandt, Jerry J , John Wiley , 2005
  2. Accounting principles II , Minbiole, Elizabeth A , IDG Books , 2000
  3. Accounting principles , Weygandt, Jerry J , D.E. Kieso, And P.D kimmel ,   John   Wiley & Sons ,


Course Code & Title:        Business Statistics-1/BUS-110

Year                              : 2               Semester     : III

Contact Hours              : 3/0/0         L/ T/P

Credits                           : 3   



The overall objective of the course is to teach the student basic of statistics and

its application in Business Administration to enhance his ability of making decisions. The following topics will be discussed: Collecting and arranging statistical data (types of data, sampling and types of sampling, survey design, statistical tables and graphs), analyzing statistical data (measures of central tendency and dispersion), introduction to probability and probability distributions, Introduction to correlation and simple linear regression, introduction to estimation and hypothesis testing.

 Course outline


Basic Concept of Statistics: Definition of Business Statistics, collection and arrangement of statistical data, Data types and data measurement level: Nominal, ordinal, interval and ratio data, Graphical presentation of data: histogram, Frequency polygon, Cumulative frequency curve, Ogive curve, Bar chart and Pie chart.

Sampling: Sample vs. census, importance of sampling, different types of sampling- their merits and demerits, sampling error. Survey design.

Measures of Central tendency and Dispersion: Concept of measure of central tendency and calculation of Arithmetic mean, Median, Mode, Harmonic mean and Geometric mean, Concept of measure of dispersion and calculation of Range, Interquartile range, Mean deviation and Standard deviation, Skewness and Kurtosis and their measurement.


Probability & Probability Distribution: Introduction to Probability. Methods of assigning probabilities- Classical, Relative frequency and Subjective probability. Important terms in Probability- Experiment, Event, Elementary events, sample Space, Union and Intersection, Mutually Exclusive events, Independent events, exhaustive events and Complementary events. Marginal, Union, Joint and Conditional Probabilities. Addition laws, Multiplication laws and Conditional probability.

Theoretical Probability Distribution: Binomial distribution- Characteristics and solving a binomial problem, Using the binomial table, Poisson distribution- Characteristics and working poisson problems by formula, Using the Poisson table. Continuous probability distribution- Normal distribution, Probability density function of Normal distribution, Standardised Normal distribution and solving Normal curve problems. 

Estimation & Hypothesis testing: point and confidence interval estimates for a population mean, determination of required sample size for estimating a population mean. The concept of hypothesis testing, Formulating Hypothesis- Null and Alternative hypothesis, calculating critical values and assigning level of significance, P- value approach, Type-I and Type-II errors, Power of the test.


Required Text:


Groebner, Shannon, fry and Smith (2008), "Business Statistics: Decision Making and Student CD Package", Prentice Hall, 7/E.

Suggested Readings:


  1. Ken Black (2007), "Business Statistics for Contemporary Decision Making", John Wiley & Sons, 4/E.
  2. Barry Render, Ralph M. Stair and Michael E. Hanna, “Quantitative Analysis for Management and Student", Prentice Hall, 8/E.
  3.  David R. Anderson, Dennis J. Sweeney and Thomas A. Williams, “Essential of Statistics for Business and Economics", South-Western College.













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