HUM429

---

Accounting and Entrepreneurship for IT Business

3 Credit Hour Course

Intended For Level 4 Term 2 Students

Prerequisite:

Accounting: Basic accounting concepts; Accounting as information systems; Conceptual framework of accounting; Double entry mechanism; Accounting equation; The recording process: journal, ledger and trial balance; Adjusting entries, preparing an adjusted trial balance; Financial statements preparation: statement of financial position, statement of comprehensive income, statement of owners’ equity and statement of cash flows; Financial statements analysis and interpretation; Some applications of accounting in excel; Cost concepts: cost classifications and cost functions; Cost Behavior: analysis and use; Job order costing and preparing job cost sheet; Cost allocation; Standard costing; Working capital management.
Entrepreneurship for IT Business: Foundations of entrepreneurship; Inside the entrepreneurial mind, from ideas to reality: creativity and innovation; Rewards and challenges of entrepreneurship: ethics and social responsibility; Entrepreneurial process: conducting a feasibility analysis, designing a competitive business model, crafting a business plan and building a strategic plan; Forms of business ownership: buying an existing business; Building a marketing plan; Building a financial plan; Building an operational plan; Global aspects of entrepreneurship; Planning for the future: exit strategies.