Principles of Accounting (1) – BBA

Credit: 3

Hours: 51

Credit Type: Theory

Pre-requisite: –


The main aim of the first lesson in accounting is to familiarize students with the accounting terms and concepts and the role of accounting in preparation of helpful information about economic organizations. In this course students become familiar with financial statements and their analysis, business decision making with the use of internal and external financial information. Naturally they will also learn about bookkeeping process which is the basis for preparing financial information.

Focus on application and interpretation of accounting information:

Accounting information is used by managers, investors, banks, income tax offices. Therefore, in this course the effects of different business transactions on financial investment have been studied. In addition, the issues that investors and other individuals and organizations consider when interpreting Accounting information, have been considered. They will also learn the implication of accounting information in controlling and planning business process.

In addition, considering the development in accounting in recent years, new subjects have been included in this course and the issues that become less important have been eliminated. Different topics in principles of accounting in two courses, each 3 credits for undergraduates program are offered from which two courses will be offered for associate program.


Principles of accounting (1) includes following topics:

A) Accounting structure

B) Accounting of selling organization

C) Receivables, Payables, Inventory

D) Advance payments, incomes prepaid, fixed asset and intangible assets.


Main Topics

Principles of accounting and accounting procedure

Different phases of accounting

Completion of different phases in Accounting

Inventory accounting and cash accounting

Financial reports

Payable and receivables


Prepaid expense, income prepaid, expenses and incomes not recorded.

Fixed assets and intangible assets