Introduction to Accounting I

Undergraduate Accounting Program – International Class

Faculty of Economics and Business | Universitas Lampung

Course Code: FEB625104
Credit Units: 3 SKS
Semester: 1

Course Description

Introduction to Accounting I is a foundational undergraduate course designed to provide students with a comprehensive understanding of accounting principles, concepts, procedures, and their applications in business organizations.

The course introduces accounting as an information system that supports financial reporting, business decision-making, and organizational accountability. Students will learn the fundamental accounting equation, financial statements, and the complete accounting cycle for service and merchandising businesses, including the identification, recording, classification, adjustment, summarization, and reporting of financial transactions.

The course also examines the accounting treatment of major financial statement elements, including merchandise inventories, cash and internal controls, accounts and notes receivable, property, plant and equipment, intangible assets, current liabilities, payroll, and income taxes.

Furthermore, students will be introduced to accounting for partnerships, corporate organization, stock transactions, dividends, and long-term liabilities, particularly bonds.

Throughout the course, students will develop the knowledge and practical skills necessary to prepare, analyze, and interpret accounting information in accordance with applicable Financial Accounting Standards.

Course Learning Outcomes

Upon successful completion of this course, students are expected to be able to:

1. Explain fundamental accounting concepts, the accounting equation, business characteristics, and the purpose of financial statements.

2. Apply the accounting cycle to record business transactions and prepare financial statements for service and merchandising companies.

3. Explain and calculate inventory transactions and apply appropriate inventory accounting procedures.

4. Demonstrate an understanding of internal controls and accounting procedures for cash and receivables.

5. Identify, measure, and record transactions involving fixed assets and intangible assets, including depreciation and amortization.

6. Explain and calculate current liabilities, payroll transactions, and related income taxes.

7. Apply basic accounting procedures for partnerships, corporations, stock transactions, and dividends.

8. Explain the accounting treatment of long-term liabilities, particularly bonds.

9. Demonstrate analytical thinking, accuracy, academic integrity, and professional responsibility in solving accounting problems.

Teaching and Learning Methods

The course combines interactive lectures, classroom discussions, accounting exercises, problem-solving activities, quizzes, and project-based assignments.

Students are encouraged to apply accounting concepts to practical business transactions, develop financial statements, and critically evaluate accounting information.

Virtual Class Guidelines

VClass serves as the primary online learning platform for accessing course materials, submitting assignments, completing quizzes, and participating in academic discussions.

Students are expected to actively participate in learning activities, complete assignments within the specified deadlines, and maintain academic honesty and professional conduct.

As part of the International Class, learning activities, discussions, assignments, and assessments will primarily be conducted in English.