Section outline

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    • Financial Accounting (ACC 1106) File

      1.1 Course Description 

       This course introduces to the learner the basics of financial accounting and reporting, particularly the processes through which accountants are able to communicate to the users of accounting information. Students are introduced to the double entry rule in accounting and the accruals system. The course introduces to students the accounting period, matching, and the going concern issues and how these trigger accounting measurements and recognition criteria. Therefore, the course introduces to students the generally accepted accounting practice. 

       1.2 Course objectives 

       At the completion of the course, the students will be able to;

      1. Explain the Accounting process and evaluate an enterprise’s financial position and its operating, investing and financing activities. 

       2. Explain the reporting framework of accounting in Uganda 

       3. Demonstrate application of double entry accounting system

       4. Prepare books of accounts and make necessary adjustments to the financial statements 

       5. Demonstrate knowledge on how to control account reconciliation, bank reconciliation & correction of errors 

       1.3 Learning out comes:

      On completion of the course, the learner should be able to:

      • Explain the role of accounting and describe the reporting framework of accounting in Uganda. 
      •  Understand that the purpose of the balance sheet in measuring Financial Position
      • Observe the types of information provided by the three-principal financial statements and how firms might use this information in managing and evaluating a business. Reinforce skills in transforming income statement data to cash flow data and vice versa.
      • Introduce tools for analyzing a firm's overall profitability (rate of return on assets) and examine how profit margin and asset turnover ratios provide information about the economics and strategy of a business. 
      • Reinforce the relations between the three principal financial statements by preparing pro forma financial statements from a given set of assumptions. 6. Assess the sensitivity of the financial statements to variations in pro forma assumptions

    • Course work_Mark up Test Quiz
      Opened: Wednesday, 13 November 2024, 2:00 PM
      Closed: Wednesday, 13 November 2024, 3:15 PM

      MAKERERE UNIVERSITY BUSINESS SCHOOL

      MARK UP COURSE WORKTEST EXAMINATION FOR THE

      BACHELOR OF PROCUREMENT AND SUPPLY CHAIN MANAGEMENT OF MAKERERE UNIVERSITY

      ACADEMIC YEAR, 2024/2025

       

      COURSE NAME: FINANCIAL ACCOUNTING                 TIME: 02:00PM – 02:00PM                                                       

      COUSE COURDE: ACC 1106                                                              SEMESTER: ONE

      DATE: 13/11/2024                                                                                             YEAR: ONE

                                                                     

      INSTRUCTIONS

      1. Answer all questions
      2. All university examination rules and regulations apply.
    • Mark Up Results File

      MAKERERE UNIVERSITY BUSINESS SCHOOL

      MARK UP RESULTS FOR THE FINANCIAL ACCOUNTING (ACC1106)

      FOR THE BACHELOR OF PROCUREMENT AND SUPPLY CHAIN MANAGEMENT OF MAKERERE UNIVERSITY AY, 2024/2025; YEAR 1, SEM 1

    • PROVISIONAL COURSE WORK RESULTS File

      MAKERERE UNIVERSITY BUSINESS SCHOOL

      PROVISIONAL COURSEWORK RESULTS FOR THE

      FINANCIAL ACCOUNTING (ACC1106) FOR THE BACHELOR OF PROCUREMENT AND SUPPLY CHAIN MANAGEMENT OF MAKERERE UNIVERSITY

      AY, 2024/2025; YEAR 1, SEM 1