Principles of Financial Accounting (ACCT111)

This course is a CBE college requirement for all majors. It aims at introducing the financial accounting principles and framework. It covers the preparation of financial statements, the accounting cycle in both service and merchandising organizations, and problems of accounting measurement.

Credit Hours : 3

Course Learning Outcomes

1. Explain the basics of regulatory structure of financial accounting
2. Apply the financial accounting framework in solving accounting problems in service and merchandising organizations.
3. Prepare financial statements of service and merchandising organizations by applying the accounting cycle.
4. Explain the relationship between items presented in the financial statements.
5. Demonstrate teamwork in problem solving

Fundamental of Cost & Managerial Accounting (ACCT120)

This is an introductory course to the discipline of Cost & Managerial Accounting. As College requirement, it is conceptually oriented. The course focuses on the role of cost and managerial accounting as an information system to help various management levels to perform their functions efficiently. It is designed to introduce that role to students with different specialization interests not only accounting. Generally, the course discusses the basic cost and managerial accounting concepts and application, the relationship of cost and volume with profit, decision making differential analysis, flexible budgeting and performance analysis and measurement.

Credit Hours : 3

Prerequisites

• ACCT111 with a minimum grade D

Course Learning Outcomes

1. Describe the organizational roles and ethical issues of management accounting
2. Explain basic cost and management accounting concepts and terminology
3. Apply cost and management accounting concepts to cost measurement
4. Apply cost and management accounting concepts to budgeting and other forms of performance measurement
5. Apply cost and management accounting concepts to decision-making problems
6. Demonstrate teamwork skills.

Intermediate Accounting I (ACCT210)

This course develops required topics to facilitate the transition from financial accounting principles to the larger environment of financial reporting in order to prepare students for professional accounting careers. It covers the accounting and reporting process in conjunction with the development of accounting theory. Every accounting topic is treated from the perspective of IFRS. The course includes the environment and conceptual framework for the development of financial accounting standards by the IASB; the concepts and techniques that underlie the preparation of financial statements [the Income Statement, Retained Earnings Statement and the reporting of other comprehensive income, accounting changes and error corrections, as well as the statement of financial position and the statement of cash flows]; and financial statement analysis.

Credit Hours : 3

Prerequisites

• ACCT111 with a minimum grade D

Course Learning Outcomes

1. Describe the international financial reporting environment and the due process of standard setting of the IASB and the FASB.
2. Explain the Conceptual Framework for Financial Reporting in accordance with IFRS.
3. Apply the IFRSs to prepare financial statements.
4. Analyze financial statements using appropriate tools and techniques.
5. Demonstrate ethical reasoning in the accounting contexts.
6. Apply teamwork skills in solving case studies covering the adoption of IFRSs in certain financial scenarios.

Intermediate Accounting II (ACCT212)

This course expands the knowledge acquired in principles of financial accounting and intermediate accounting 1. It develops required topics to facilitate the transition to the large environment of financial reporting. Intermediate accounting 2 is devoted to applying international accounting standards related to recognition, measurement and disclosure of assets, liabilities, and equity. Consequences of these issues on financial reporting and financial statements are also discussed. The course also introduces and reviews the concepts and contexts of public sector accounting and related standards.

Credit Hours : 3

Prerequisites

• ACCT210 with a minimum grade D

Course Learning Outcomes

1. Apply IFRSs in the recognition, measurement, and disclosure of assets.
2. Apply IFRSs in the recognition, measurement, and disclosure of liabilities.
3. Apply IFRSs in the recognition, measurement, and disclosure of equity.
4. Communicate effectively; using appropriate technologies, on issues related to accounting for Intangible assets, securities, and financial instruments.
5. Appraise the impact of international accounting developments and harmonisation on International Accounting Standards and International Public sector accounting standards (IPSAS).
6. Apply teamwork skills in solving cases and a group project covering the financial reporting process.

Cost and Managerial Accounting (ACCT220)

This is an intermediate level course in Cost & Managerial Accounting. The course covers various costing systems such as: job costing, process costing, and activity based costing, as well as cost allocation methods. It includes intermediate management accounting concepts such as budgeting, variance analysis, and organizational performance.

Credit Hours : 3

Prerequisites

• ACCT120 with a minimum grade D

Course Learning Outcomes

1. Utilize systems of cost measurement.
2. Construct a master budget using spreadsheets.
3. Analyse accounting data
4. Evaluate organizational performance.
5. Demonstrate ethical reasoning.
6. Apply teamwork skills.

Accounting Information Systems (ACCT240)

This course aims at helping students understand accounting information systems and their role in organizations. In this course, students will understand business cycles and the role of AIS in capturing, processing, and disseminating accounting information. Topics to be covered include business processes, systems documentation techniques, computer fraud, controls for information security, revenue cycle, and expenditure cycle. Students will also have hands-on experience using an accounting software.

Credit Hours : 3

Prerequisites

• ACCT120 with a minimum grade D

Course Learning Outcomes

1. Explain the role of accounting information system in modern business organizations.
2. Explain the concepts underlying AIS, especially those that relate to accounting and financial decision-making.
3. Utilize flowcharts and data flow diagrams for presenting accounting aspects of information systems.
4. Determine appropriate controls for safeguarding an organization's information system against various types of fraud.
5. Identify the major threats in the revenue and expenditure cycles and the adequate procedures to control them.
6. Utilize an accounting software package in executing selected accounting procedures.

Islamic Accounting (ACCT311)

This course is designed to enable accounting students to identify and apply the accounting principles and procedures of the various modes of Islamic financial transactions. It covers topics such as Islamic banking and finance, zakat, takaful, insurance and awqaf. The course also emphasizes ethics and accountability in accounting for the Islamic products and services. While the course is based on AAOIFI accounting standards, comparison to IFRS standards are also included.

Credit Hours : 3

Prerequisites

• ACCT245 with a minimum grade D

Course Learning Outcomes

1. Calculate Zakat For Individual And Islamic Business Organizations.
2. Compare The Auditing And Governance Structure Of Conventional And Islamic Business Organizations.
3. Demonstrate A Comprehensive Knowledge Of The Concepts And Standards For Accounting And Financial Reporting Of Islamic Financial Institutions (Aaoifi And Ifsb).
4. Explain The Importance Of Ethics For Accountants And Auditors In Islam.
5. Identify The Differences Between Conventional Accounting And Accounting In Islamic Perspective.
6. Use Ethical Reasoning In Any Ethical Issues Faced By Accountants And Auditors.

International Accounting (ACCT324)

The primary objective of this course is to provide students with an appreciation of the variety of accounting systems prevalent worldwide and the extent, causes and possible effects of the international diversity of financial accounting and reporting. Students get an overview of the main topics in international accounting and an introduction to the international dimensions of financial statement analysis. They will learn about differences in financial measurement and reporting practices that exist internationally, the reasons for these differences, their resultant financial statement effects and methods that they can employ to cope with such differences. Students will also learn about the international financial reporting standards (IFRS) movement and the implications of reading financial statements based on IFRS.

Credit Hours : 3

Prerequisites

• ACCT245 with a minimum grade D

Course Learning Outcomes

1. Analyze A Variety Of Foreign Financial Statements.
2. Appreciate The Diversity Of Accounting Practices Worldwide.
3. Compare Financial Statements Prepared Under U.S. Gaap To Those Prepared Under Ifrs.
4. Compare International Auditing And Corporate Governance.
5. Discuss The Harmonization Of Accounting Standards And Practices Including The Pros And Cons. In Financial Reporting And Analysis Relevant To Users Of Financial Report.
6. Identify Differences In Financial Reporting Around The World.

Auditing and Accountability (ACCT330)

This course introduces the theory and practice of auditing. It develops students’ understanding of the nature, purpose, and scope of auditing; the regulatory environment that governs the auditing profession; the audit engagement including risks and responsibilities of management and auditors; the nature of audit evidence gathering process; the audit report; and the notion of independence, professional ethics, and integrity. This course provides a foundation for the advanced auditing course, which further develops the topics covered. The course draws on International Standards on Auditing (ISAs) and international best practices which have been adopted by the UAE’s accounting and auditing profession and regulators. This course further develops students’ writing, critical thinking, and research skills.

Credit Hours : 3

Prerequisites

• ACCT210 with a minimum grade D

Course Learning Outcomes

1. Explain the nature, purpose, and scope of an audit.
2. Apply audit planning, including assessment of materiality and audit risks.
3. Critically evaluate evidence collected and documented to support the audit opinion.
4. Develop an audit report and reflect on its contents.
5. Evaluate issues relating to auditors’ independence, ethics, integrity, and legal liability.
6. Recognize recent developments in the regulatory environment of auditing in UAE and Internationally.

Governmental Accounting (ACCT334)

This course introduces the theory and concepts underlying accounting, control, and financial reporting in governmental and non-profit (G&NP) organizations with emphasis on funds and fund accounting. It acquaints students with full knowledge of the budget cycle for governmental organizations. It also covers the financial accounting and reporting for colleges and universities and for health care organizations.

Credit Hours : 3

Prerequisites

• ACCT225

Course Learning Outcomes

1. Analyze Governmental Transactions Using Funds & Account Groups.
2. Apply Capital Project Fund Accounting & Reporting.
3. Discuss Accounting & Financial Reporting Standards Applied For State And Local Government Departments.
4. Discuss Accounting For Revenue Sources & Expenditure Accounting Controls & Procedures.
5. Discuss The Various Types Of Budgetary Accounting And Reporting Approaches With Particular Focus On The Performance Budgeting Approach.
6. Distinguish The Environment And Characteristics Of Governmental And Nonprofit Organizations With That Of Profit-Seeking Enterprises, With Particular Emphasis On Funds And Fund Accounting.
7. Explain The Basic Accounting & Reporting Procedures For Colleges & Universities & For Health Care Organizations.
8. Explain The Basic Accounting Procedures And Financial Statements Of The General And Special Revenue Funds.

Data Analytics for Accounting (ACCT340)

This course introduces the application of data analytics in accounting. The steps of the data analytics process, including data preparation and cleaning, visualization, modeling, and evaluation, are explained in the context of data from accounting. The calculation of key performance indicators and the analysis of financial statement data are among the topics discussed. The course provides the concepts, topics, and practical hands-on application of analytics methods with real world data.

Credit Hours : 3

Prerequisites

• ACCT120 with a minimum grade D
• BANA200 with a minimum grade D

Course Learning Outcomes

1. Explain the data types, concepts, models, and methods for accounting analytics.
2. Choose suitable analytics models and methods as applied in accounting.
3. Apply analytics models, methods, and processes, to analyze accounting data, using spreadsheets and state-of-the-art analytics software.
4. Effectively and efficiently, interpret results of data analytics as applied to accounting.
5. Utilize appropriate software for presenting accounting data analytics results.

Fundamentals of Taxation (ACCT341)

This course is designed to equip accounting students with the fundamental tax concepts by providing the core knowledge of the underlying principles and skills regarding the major technical areas of taxation as they affect the activities of individuals and businesses. The course focuses on three core areas including individual taxation, corporate taxation, and VAT (Value Added Tax) by imparting basic knowledge of U.K based taxation system for individual and corporate taxes while following UAE Federal Decree-Law No. (8) of 2017 for VAT. The course also discusses the common ethical issues in tax practice and the consequences of non-compliance with tax law.

Credit Hours : 3

Prerequisites

• ACCT210 with a minimum grade D

Course Learning Outcomes

1. Explain the rationale of taxation and the system of self-assessment for individual taxpayers.
2. Identify the income tax liabilities of individuals and the effect of national insurance contributions (NIC) on employees, employers and the self-employed.
3. Distinguish between computing total taxable income for corporations following tax law and the net profit calculated -following IFRS (International Financial Reporting Standards).
4. Discuss the nature of indirect taxation and the administration of VAT (Value added Tax).
5. Apply knowledge gained to identify ethical issues arising from performing tax work and evaluating the implications for taxpayers of non-compliance.
6. Apply knowledge gained to conduct research on tax issues that could be beneficial to the Federal Tax Authority of the United Arab Emirates.

Oil and Gas Accounting (ACCT352)

This course describes the features of the oil and gas industry and provides the fundamentals of accounting treatments of oil and gas operations such as exploration, drilling, development, and production. It covers the accounting standards related to recording and disclosure of oil and gas activities especially under successful efforts method. An overview of the full cost method is also provided.

Credit Hours : 3

Prerequisites

• ACCT235 with a minimum grade D

Course Learning Outcomes

1. Communicate Effectively Orally And In Writing, Using Appropriate Technologies, On Issues In Oil And Gas Accounting, Through Field Project.
2. Discuss Environmental Challenges Related To Oil And Gas Accounting.
3. Evaluate Methods Related To Asset Impairment Issues In Oil Industry.
4. Identify Activities Of Oil And Gas Industry Ranging From Exploration To Production And The Impact They Have On Accounting.
5. Prepare Recording Entries Of Oil And Gas Transactions Under The Full Cost And Successful Efforts Methods.
6. Summarize Accounting Practices And Procedures To Record Cost Related To Property Acquisition, Exploration, Drilling, Development, And Production As Well As Revenues From Oil Sales.
7. Work In Teams Creatively, Through Field Project In Oil And Gas Accounting.

Advanced Financial Accounting (ACCT410)

This course covers the conceptual basis and practical aspects of accounting for business combinations. It focuses on financial accounting and reporting in the following topical areas: consolidated financial statements, foreign currency transactions, and the translation of financial statements of foreign affiliates. Its objectives are to meet the financial reporting demands of companies operating in today’s globalized and complex business environment. It adopts an experiential approach to learning and teaching where students draw on their experiences to apply the conceptual knowledge learned to solve practical real-life business problems.

Credit Hours : 3

Prerequisites

• ACCT212 with a minimum grade D

Course Learning Outcomes

1. Discuss the accounting concepts that inform the processes of accounting for business combinations.
2. Construct consolidated financial statements for a group of affiliated companies under the cost and equity methods.
3. Apply appropriate accounting principles and techniques to eliminate unrealized gains or losses on intercompany sales or transfers.
4. Utilize appropriate accounting principles and techniques to translate, account for, and hedge foreign currency transactions.
5. Apply appropriate accounting principles and techniques to translate the financial statements of foreign affiliated entities.

Performance Management and Control (ACCT420)

Performance is a term that is used almost everywhere – and perhaps – by everybody. This course seeks to build on prior accounting knowledge to enable understanding of the meaning of this term, and how it is and can be measured and used in different contexts. The course explores traditional approaches to performance measurement such as variance analysis and introduces more recent approaches to performance measurement and control, not only in the private for-profit sector, but in the public and not for profit ones as well. The course covers both the local, national, and international aspects of performance by looking at how the performance of multinational corporations are measured. Some of the topics covered, among others, include strategic performance measurement and management systems (e.g., results-based management systems), the Balanced ScoreCard, and Value for Money approaches.

Credit Hours : 3

Prerequisites

• ACCT220 with a minimum grade D

Course Learning Outcomes

1. Compare between different systems of performance and control.
2. Evaluate the performance of individuals and units based on the master budget.
3. Design measures for assessing the performance of individuals and units.
4. Critically assess the efficacy of different performance management and control systems.
5. Analyse performance to inform different types of decisions.
6. Develop a performance management system that is suitable for an organization through teamwork.

Management Accounting for Strategic Decisions (ACCT421)

This is an advanced management accounting course that teaches students about the ways in which management accounting and control practices can contribute to innovation in organisations. This course uses research to illustrate the roles of accounting in encouraging and facilitating innovation. The first half of the course explains key strategic management concepts, such as flexibility and innovation. The second half applies knowledge of strategic management accounting concepts to empirical settings, with reference to the UAE entrepreneurial contexts and public sector settings. Throughout, the course relies on case studies and field research into specific organisational practices.

Credit Hours : 3

Prerequisites

• ACCT420 with a minimum grade D

Course Learning Outcomes

1. Explain some of the processes by which strategic management accounting can come to influence organisational innovation.
2. Assess the significance of management accounting for organisational innovation.
3. Apply management accounting theory for illuminating innovation management in organizations.
4. Discuss the roles of technology, cost competitiveness, and creativity in controlling organisational innovation.
5. Compare the roles of management accounting in innovation across different contexts.

Advanced Accounting Information Systems (ACCT423)

This course provides students with the AIS knowledge, skills needed in transactions control procedures, and financial reporting cycle. In addition, students will have hands-on experience using an Enterprise Resource Planning system (ERPs). Topics to be covered include databases, integrated accounting systems, ERPs, computer crime and ethics, computer control for AIS, and the use of eXtensible Business Reporting Language (XBRL) in accounting reporting.

Credit Hours : 3

Prerequisites

• ACCT422 with a minimum grade D

Course Learning Outcomes

1. Assess The Costs And Benefits Associated With Enterprise Systems.
2. Critically Evaluate Ethical Issues, Risks And Internal Controls Involved In Ais Contexts.
3. Derive Appropriate Conclusions From Information Collected And Analyzed Using An Accounting Software Package.
4. Examine The Role Of Accounting Information Systems In Providing Decision Support To Managers.
5. Explain The Importance Of Xbrl And Electronic Commerce To Accountants.
6. Model A Database.

Advanced Auditing (ACCT431)

This course is designed to enable students to gain a deeper understanding of the nature and objectives of the audit assurance function. Students learn the audit processes and practice in auditing historical financial statements. They will also have hands-on experience of Data Analytics, in a variety of audit settings, using two of the market-leading software (IDEA and Tableau), during the planning, testing, and completion stages of the audit.

Credit Hours : 3

Prerequisites

• ACCT330 with a minimum grade D

Course Learning Outcomes

1. Judge the appropriateness of the steps in the audit process (assurance engagement), in different contexts; including the internal controls systems.
2. Utilize Data Analytics software in auditing phases relating to the assurance engagement.
3. Evaluate the results of data analysis as audit evidence to draw reasonable conclusions.
4. Demonstrate teamwork skills in solving cases or term project.

Internal Auditing (ACCT432)

The course educates students on the basics of auditing at the junior internal auditor level. It provides an overview of the internal audit function including examining the internal control environment and audit governance. During this course, students will participate in interactive sessions and real-life scenarios. These include risk management, business process analysis and internal control systems based on the COSO Framework and in accordance with the International Professional Practices Framework (IPPF) for Internal Auditors. It is designed to serve those who want to learn the concepts, tools, and techniques to enhance their effectiveness to grow into the profession of internal auditing and help them, as a first step, towards taking professional designations of CMA and CIA. Additional practice of CAATs used in the prerequisite course will be included.

Credit Hours : 3

Prerequisites

• ACCT330 with a minimum grade D
• ACCT441 with a minimum grade D

Course Learning Outcomes

1. Analyze the inter-relations between the Corporate Governance (CG) requirements, International Professional Practice Framework (IPPF), and the Enterprise Risk Management Integrated Framework (COSO Framework).
2. Apply the concepts of risk management and controls to real life business processes in various business contexts utilizing business process analysis and CAAT where appropriate
3. Select assurance engagements activities and reporting its outcomes in performance, compliance, and financial audit engagements, utilizing appropriate tools of technology where needed
4. Demonstrate teamwork skills in field project / case analysis related to internal auditing issues.

Comprehensive Accounting Seminar (ACCT440)

This capstone course is designed to extend, integrate, and critically reflect students’ understanding of theoretical and practical issues in accounting, including the analytical and decision making processes for business enterprises. The course focuses on developing students’ soft skills including problem solving, critical thinking, teamwork, communication, and research.

Credit Hours : 3

Prerequisites

• ACCT212 with a minimum grade D
• ACCT330 with a minimum grade D
• ACCT220 with a minimum grade D

Course Learning Outcomes

1. Review accounting frameworks and theories to research, assess, and solve contemporary issues in Accounting and allied fields.
2. Assess ethical, societal, and environmental challenges related to accounting theory and practice.
3. Develop ability to effectively communicate orally and in writing, using appropriate technologies, on comprehensive issues in accounting and allied fields.
4. Apply teamwork skills in solving practical problems of financial and management accounting.

Fundamentals of Risk Management for Accountants (ACCT441)

A major element of the appropriate governance practice in modern day corporations, is properly organized risk management. It is required by business laws and regulations in many societies. It also constitutes a major part of both internal and external auditor’s work. This course on the fundamentals of risk management is an introduction to commercial and business risk for students. Providing extensive coverage of the core frameworks of business continuity planning, enterprise risk management and project risk management, this is the definitive guide to dealing with the different types of risk an organization faces. The course is aligned with the recently updated ISO 31000 and COSO ERM Framework.

Credit Hours : 3

Prerequisites

• (SCML201 or MGMT201)

Course Learning Outcomes

1. Explain the origins and key concepts relating to risk management.
2. Contrast the main risk management standards and frameworks.
3. Apply the concepts of enterprise risk management through individual and team activities.
4. Utilize the main approaches to the analysis and evaluation of risk using Computer Aided Techniques
5. Distinguish the main features of risk control techniques.

International Taxation (ACCT442)

Given UAE’s strategic position as an international business hub, this course introduces students to the principles, policies, laws, and practices related to international taxation. It expands the knowledge acquired in the introductory taxation course and enables students to appreciate cross-border taxation, especially in an era of increasing globalization of businesses. Also, the course covers the current international tax evasion/avoidance issues (such as transfer pricing, base erosion, and profit shifting, and international tax planning) using practical examples and international case studies.

Credit Hours : 3

Prerequisites

• ACCT341 with a minimum grade D

Course Learning Outcomes

1. Compare the basic principles and concepts of international taxation with domestic taxation.
2. Explain international tax evasion and avoidance concepts, including transfer pricing and their effects on the global economy.
3. Explain key international tax laws including double taxation agreements between countries.
4. Assess the current and potential role of the UAE in international taxation.
5. Explain the implications of tax residency for the international movement of individuals as expatriates.

Accounting Theory (ACCT453)

This course helps students to clearly identify the elements of accounting theory and then relate these elements to significant problem areas in accounting. The students should thus acquire an increased depth of understanding of the major problem areas of accounting and the related standards going well beyond a mere technical grasp of debts and credits. This course is a sequential course to other accounting courses in that it furnishes students with necessary knowledge of the theoretical framework of financial accounting. After successful completion of those recording and reporting financial accounting courses, students are ready to learn about the theoretical concepts and framework behind accounting processes. The Financial Accounting Standards Board (FASB) contributes to the development process of ethical standards and accountants are required to apply their knowledge and skills and make decisions according to the Code of Ethics and Professional Code of Conduct. This course refers to issues of ethical standards (throughout the whole chapters) to enhance the application of students to such standards. Students are expected to be assessed in case studies of ethical standards.

Credit Hours : 3

Prerequisites

• ACCT235 with a minimum grade D

Course Learning Outcomes

1. Apply Accounting Theoretical And Technical Knowledge To Solve Financial Reporting Issues.
2. Communicate Effectively Orally And In Writing, Using Appropriate Technologies, On Issues Related To Accounting Theory.
3. Critically Evaluate, And Interpret Information To The Resolution Of Issues In The Field Of Accounting.
4. Discuss Ethical Issues And Other Societal Considerations In Professional Accounting Practice.
5. Evaluate Underlying Accounting Principles, Concepts, And Assumptions.
6. Identify The Variety Of Accounting Theories, Their Development And Accounting Policy Choices.

Elements of Accounting and Finance (ACCT500)

This is a foundation pre-requisite course for those who do not have a first degree in accounting or business. The course introduces financial accounting, its role, nature, purpose and limitations of accounting conventions. Regulatory accounting framework. Financial statements construction, use and interpretation. Legal and economic considerations including elements of taxation. Basic principles of corporate governance. The course also covers introduction to finance. The financial system and flow of funds. The financial decisions of firms, investment appraisal, and life-cycle financial planning. The module also introduces managerial accounting.

Credit Hours : 3

Financial and Corporate Reporting (ACCT505)

This is a foundation pre-requisite course for those who do not have a first degree in accounting. In this course, students will learn the environmental and theoretical structure of financial accounting, the accounting process, and preparation of an income statement, balance sheet and statement of cash flows. Students will also learn how to measure income, do profitability analysis and to apply time value of money concepts to financial accounting measurements. In this course students will learn how to account for the economic resources and liabilities of an enterprise.

Credit Hours : 3

Course Learning Outcomes

1. Demonstrate recording of business transactions following the complete steps of accounting cycle.
2. Apply the IFRSs concepts and techniques to prepare statement of financial position, statement of cash flows, statement of income and statement of changes in equity.
3. Analyze financial statements by using different ratios.
4. Apply methods and procedures in accordance with IFRSs in assets recognition and valuation.
5. Demonstrate understanding of concepts and principles underlying accounting, reporting and disclosure for current and noncurrent liabilities.
6. Demonstrate understanding of concepts and principles underlying accounting, reporting and disclosure for equity.
7. Explain effectively, using appropriate technologies and through a field project, the complete steps within the accounting cycle.

Management and Cost Accounting (ACCT510)

This is a foundation pre-requisite course for those who do not have a first degree in accounting. Students study the information needed by managers to plan, monitor, and improve their critical processes, products, and services. This course stresses the application of information technologies to tasks such as measuring costs to produce, market, and deliver products and services; planning via flexible budgets and cost volume profit analysis; Students communicate implications of their analyses to stakeholders using database, spreadsheet, and word processing skills.

Credit Hours : 3

Course Learning Outcomes

1. Compute financial and non-financial information relating to the cost of acquiring or consuming resources by an organization for internal reporting purposes.
2. Illustrate how costs behave for internal management purposes.
3. Distinguish between relevant and irrelevant cost data for decision making purposes.
4. Describe the various management accounting tools including the ABC, CVP and flexible budgeting for planning and control purposes

Accounting Bridging Course (Online) (ACCT520)

This course introduces fundamental accounting principles and demonstrates their use in financial and managerial reporting for business organizations. It emphasizes the four financial statements produced by the accounting information system and the concepts governing their preparation. It covers the relevant components of the annual report providing additional information to investors. Students will also be exposed to issues related to agency relationships and the conceptual financial framework governing financial reporting. Managerial accounting topics include costing concepts and methods, cost-volume-profit analysis, cost allocation and standard costs. The course also introduces ethical issues in accounting.

Credit Hours : 0

Course Learning Outcomes

1. Explain the importance of the financial reporting conceptual framework and the various concepts and conventions which govern the overall financial reporting process under the accrual basis of accounting.
2. Illustrate the articulation between the different financial statements and the importance of accounting information disclosure according to various reporting principles.
3. Analyze the different costing concepts and classification and how financial information can be used in management decision making processes.

Advanced Financial Accounting for Corporations (ACCT600)

This course is designed to deal with financial accounting and reporting by corporations. It focuses on three main themes. The first theme covers the conceptual basis and practical aspects of accounting for business combinations. The second theme focuses on the measurement, reporting and disclosure issues associated with foreign currency transaction and the accounting implications of hedging foreign currency exposed assets and liabilities. The final theme deals with the translation of the financial statements of foreign affiliates into reporting currency of the investor company.

Credit Hours : 3

Course Learning Outcomes

1. Apply the appropriate accounting concepts to translate financial statements of foreign affiliated entities into local currency
2. Apply the appropriate accounting techniques for goodwill valuation and impairment
3. Apply the appropriate procedure in accounting for foreign currency transactions, fair value hedge and cash flow hedge
4. Apply the appropriate steps to translate foreign currency transactions for each of the three stage of concern to the accountant
5. Construct consolidated financial statements for a group of affiliated companies under the cost and equity methods
6. Evaluate the argument for using derivative instruments to hedge foreign currency exchange rate risks.
7. Explain the disclosure requirements for firms with affiliates in foreign countries
8. Explain the statement of financial accounting concepts that inform the processes of accounting for business combination.

Accounting for Senior Managers (ACCT601)

This course is designed to help students appreciate the role of accounting and the functions accounting performs inside and outside the business entity. It comprises two distinct but related components: (1) Financial accounting and the development of financial accounting systems that perform stewardship and governance functions of business entities. Students will be exposed to issues related to agency relationships, financial reporting, concepts and theoretical foundations underlying financial statements, financial statement analysis and diagnosis, use of accounting information in managerial planning, decision making, control, and performance evaluation. (2) Managerial accounting, covering internal cost management, cost control, cost analysis in developing organizational budgets, performance evaluation, and strategic decision making.

Credit Hours : 3

Course Learning Outcomes

1. Appreciate The Stewardship Function And Accountability Role Of Senior Managers Inside And Outside The Business Entity.
2. Make Effective Short And Long-Term Strategic Business Decisions, Such As, Pricing, Outsourcing, In-Sourcing, Make Or Buy, And Takeover Decisions
3. Recognize The Significance And Limitations Of Accounting Numbers And Their Cause And Effect Relationship With The Operations Of A Business.
4. Select And Correctly Use Accounting Numbers To Evaluate The Results Of Their Decisions, Diagnose The Financial Health Of A Business And Take Corrective Actions As Necessary.
5. Select Relevant Non-Financial Information To Complement Financial Information To Make Successful Business Decisions In The Areas Of Resource Allocation And Performance Evaluation.
6. Use State-Of-The-Art Modern Cost Accounting Tools And Techniques Of Analyzing Cost Behavior Patterns To Measure, Allocate, Plan And Control Costs Within An Organization

Management Accounting & Financial Analysis (ACCT603)

This course covers financial and management accounting tools and techniques applied in economic decision-making in a variety of organizational contexts. It addresses how managers use accounting information to choose strategies, implement them into day to day management and communicate with internal and external stakeholders. Upon completion of the course students would have gained ability to understand, financial statements and statement analysis, make capital investment decisions, the effects of overhead costs on Product costing and Pricing, various methods of building operational budgets and be familiar with modern Process Management and Accounting and making capital investment decisions.

Credit Hours : 3

Course Learning Outcomes

1. Analyze Financial Statements And Evaluate Companies Performance
2. Compile Cost Reports And Operational Budgets
3. Describe And Apply Financial Statements
4. Describe And Interpret Modern Cost Management Structures
5. Evaluate And Recommend Capital Investment Decisions
6. Examine The Effects Of Costs Structure On Product Costing And Pricing

Accounting Analysis & Governance (ACCT610)

The course helps students develop their ability to understand accounting analysis and governance in a way that suits the needs of those who are looking to improve their decision making process as entrepreneurs, mangers or executives. The course uses practical examples and real-world cases, including more recent frauds and scandals, to enhance the discussions of accounting analysis. It provides valuable guidance to assess risks, measure performance and conduct valuations processes to create shareholder value. It discusses corporate governance systems and mechanisms as evidenced by the role of boards, institutional investors, transparency (i.e., disclosure, internal control, and audit), and other internal and external mechanisms. It links the roles and responsibilities of all those involved in corporate governance and the financial reporting process to improve the quality, reliability, relevance, and transparency of accounting information.

Credit Hours : 3

Course Learning Outcomes

1. Assess The Quality Of Financial Reporting Using Earnings Quality Analysis In Combined With Financial Statement Analysis.
2. Differentiate Between The Corporate Governance Systems And Mechanisms.
3. Evaluate Diagnostics To Detect Manipulated Earnings.
4. Examine The Role Of Board Of Directors, Institutional Investors, Control Systems And Disclosure.
5. Examine The Role Of Other Internal And External Mechanisms In Corporate Governance.
6. Explain How Accounting Methods And Estimates Determine The Sustainability Of Earnings.
7. Explain The Devices Management Can Use To Manipulate Earnings.
8. Explain The Main Theories Of Corporate Governance.

Accounting for Strategic Decisions (ACCT611)

"The main objective of this course is to discuss ways management accounting tools/techniques can be used for strategic planning, control and performance measurement. It is divided into four interrelated parts: 1) accounting and strategic management, where it sheds light on using management accounting tools to help in utilising organisational resources in pursuit to achieve strategic goals; 2) performance measurement/management at various organisational levels, whereas it provides participants with frameworks of measuring/managing organisational performance in relation to overall strategy; 3) strategic investment decisions and control; and 4) using management accounting tools in addressing issues related to environmental awareness as a strategic objective. "

Credit Hours : 3

Course Learning Outcomes

1. Apply And Evaluate Management Accounting Systems For Controlling.
2. Apply And Evaluate Management Accounting Systems For Performance Measurement.
3. Apply And Evaluate Management Accounting Systems For Strategic Planning.
4. Discuss How Strategic Management Accounting Could Aid Management Decision-Making Processes.
5. Discuss Issue Related To Environmental Awareness As A Contemporary Business Strategic Issue.

Advanced Management Accounting (ACCT615)

This course focuses on management accounting techniques to be used in cost management; decision making under uncertainty, and planning. The course provides useful information on using effective methods for costs management, which enhances execution of organisational objectives at operational level. It discusses decision making under uncertainty and financial modelling (sensitivity analysis, scenario analysis, Monte Carlo analysis) in analyzing impact of uncertainty on future financial outcomes. It, also, discusses contemporary trends in effective budgeting practice. The course applies excel applications in accounting techniques.

Credit Hours : 3

Course Learning Outcomes

1. Analyze Management Accounting Tools For Financial Modeling (Sensitivity Analysis, Scenario Analysis, Monte Carlo Analysis) In Analyzing Impact Of Uncertainty On Future Financial Outcomes.
2. Apply Accounting Techniques Using Computer Applications, E.G., Excel.
3. Apply Contemporary Trends In Planning.
4. Evaluate Management Accounting Techniques/Approaches For Decision Making Under Uncertainty.
5. Evaluate Management Accounting Tools For Cost Management.

Auditing, Accountability and Assurance Services (ACCT620)

The aim of this course is to enable students to understand: the social importance, nature and objectives of the audit function; the audit process and the principles of audit practice, and evaluate their relevance for wider processes of accountability and governance. This course develops students' knowledge of auditing, attest, and assurance services in traditional and e-business environments. Topics include the role of such services in society, evidence relevance and reliability, materiality, risk and control, information integrity, and methods of verification.

Credit Hours : 3

Course Learning Outcomes

1. Describe Briefly The Development Of The Role Of The Assurance Services Provider In Modern Business Society;
2. Describe Other Assurance And Non-Assurance Services Provided By The Auditing And Assurance Profession;
3. Describe The Level Of Assurance Provided For Assurance Services
4. Describe The Need For An Independent Or External Audit;
5. Describe The Quality Control Procedures Necessary To Ensure That A Competent Assurance Engagement Is Performed;
6. Explain Professional Liabilities Relevant For The Cpas And Chartered Accountants;
7. Explain The Regulatory Environment In Which The External Auditor Operates (Including Relevant Sections Of The Corporations Act And The International Auditing Standards);These Standards Are Issued By International Federation Of Accountants (Ifac) Through The International Auditing And Assurance Standards Board (Iaasb);
8. Illustrate The Financial Report Audit Process, Beginning With Accepting Clients, Followed By Understanding The Client, Evaluating Business Risk And Assessing Inherent Risk, Performing Tests Of Controls To Assess Control Risk And Substantive Tests To Reduce Detection Risk, Considering Subsequent Events And Evaluating Evidence Gathered, Ending In The Formation Of An Audit Opinion And Communication Of The Results To The Client;
9. Interpret The Professional Code Of Conduct And Ethics;

Financial Accounting Standards, Theory and Policy (ACCT630)

The course focuses on conceptual framework of financial reporting, including issues of definition, valuation and presentation of contents of financial reports. The course explains alternative approaches to presenting information in financial statements as mandated by accounting standards. It discusses the reasons of moving towards a concept of comprehensive income and what this means for users of accounts. The course addresses important issues such as accounting theories as a basis for developing standards and policies, the impact of harmonisation on accounting standards, accounting earnings quality in an international context, the impact of corporate governance, and earnings management amongst others.

Credit Hours : 3

Course Learning Outcomes

1. Apply Accounting Principles, Theories, Concepts And Knowledge Of Accounting Techniques To Debate And Solve Financial Reporting Problems.
2. Compare Available Accounting Policy Choices For Inclusion In Financial Reporting Standards, And Their Theoretical Bases.
3. Demonstrate A Deeper Understanding Of Some Contemporary Issues In Accounting, And The Ability To Critically Analyze These Issues Within The Theoretical Framework Developed During The Course.
4. Discuss The Concepts Of Theory Development And Theories Of Accounting Policy Choice, Measurement Of Economic Income And The Societal Use Of Accounting Information.
5. Employ Oral And Written Communication Skills To Further Learning, And Effectively Convey Understanding Of Accounting Issues To An Audience.
6. Evaluate The Underlying Principles, Concepts, Theories, And Assumptions In The Field Of Accounting.

Financial Statements Analysis (ACCT635)

This course takes a user-oriented approach to the study of financial statements. It helps students use the information provided in financial statements to make reasoned decisions in different business environments. The course focuses on the analysis and interpretation of corporate financial statements and explains how competitive forces and business strategies affect firms’ financial statements. The course also provides the student with the knowledge and ability to identify how and when firms are managing earnings and manipulating other items in financial statements.

Credit Hours : 3

Course Learning Outcomes

1. Apply The Basic Steps In Business Valuation Using Free Cash Flows And Abnormal Earnings.
2. Assess The Effect Of Competitive Forces And Business Strategies On Firms’ Financial Statements.
3. Assess The Role Of Contracts And Regulations In Shaping Managers’ Accounting Choices.
4. Evaluate A Firm’S Annual Report Considering Accounting Distortions That Can Complicate The Interpretation Of Financial Ratios And Other Comparisons.
5. Explain How And Why Accounting Numbers Are Used In Debt Agreements, In Compensation Contracts, And For Regulatory Purposes.
6. Explain The Importance Of Financial Statements As A Valuable Source Of Information.
7. Explain The Key Changes Under The Fasb/Iasb Proposed Exposure Draft On Financial Statement Presentation.
8. Recognize The Expanding Use Of Fair Value Measurements In Financial Statements.

Management Control Systems (ACCT640)

This course examines a wide range of fundamental managerial techniques used by companies in their internal planning and control functions. In particular, it focuses on investment analysis techniques, international transfer pricing, types of control systems, issues of contracting and management control across organizational and international boundaries, financial and non-financial performance measures, and incentive systems in various organizations.

Credit Hours : 3

Course Learning Outcomes

1. Appraise The Opportunities And Difficulties Of Using Financial And Non-Financial Measures Of Performance To Support Improved Planning And Control.
2. Assess The Different Types Of Management Controls.
3. Contrast The Alternative Methods Used For International Transfer Pricing.
4. Demonstrate Increased Proficiency In Applying Various Investment Analysis Methods Using Excel.
5. Explain The Emerging Issues Of Contracting And Management Control Across Organizational And International Boundaries.
6. Select Incentive Systems In Various Organizations.

Seminar on Applied Research in Accounting (ACCT645)

This course helps students develop applied professional research skills in accounting and auditing. The course provides concrete applied research guidance. It discusses relevant sources and methods to research standards issued by FASB/IASB and to find solutions to current accounting problems. The course also emphasizes how applied research could generate empirical results that advance professional interests and capabilities.

Credit Hours : 3

Course Learning Outcomes

1. Assess The Role Of Applied Research Within A Public Accounting Firm, A Private Or A Governmental Entity.
2. Demonstrate Ability Of Effective Writing And Oral Communication Skills.
3. Describe The Meaning And Elements Of Critical Thinking.
4. Develop Critical Thinking Skills In Accounting Practice Issues.
5. Distinguish Between The Theoretical Research And Applied Research.
6. Subdivide The Eight Elements Of Reasoning.
7. Synthesize The Basic Steps Of The Applied Accounting Research Process.

Accounting in Special Contexts (ACCT661)

This elective course will be tailored depending on the professional background of the students enrolled in it. Topics covered (but not all) should be related to issues in management accounting and financial management in government and public sector, and not-for-profit organizations. In addition, topics selected can cover issues related to Ecommerce Business and the role of budgeting in governmental and not-for-profit organizations.

Credit Hours : 3

Risk-based Internal Auditing (ACCT662)

This elective course will build on some of the material covered in the core modules relating to corporate governance and control. Internal audit is one of the most important and basic business functions that are increasingly gaining more importance, especially after many corporate collapses such as Enron and WorldCom. Topics covered include the Enterprise Risk Management (ERM) framework, business risks, business process analysis and internal control systems. Application of the concepts taught to real life organizations is an integrated fundamental part of this course.

Credit Hours : 3

Course Learning Outcomes

1. Demonstrate Effective Communication To An Audience Of Professionals A Project Based Findings
2. Apply The Notion Of Risk Management To Business Processes In Various Business Contexts Through A Supervised Group Field Study.
3. Describe The Role Of Various Levels Of Management In Providing The Corporate Governance Requirements.
4. Discuss The Relationship Between Governance And Erm Within The Coso Framework.
5. Evaluate The Level Of Maturity Of An Internal Auditing Performance In Real Life Organization.
6. Illustrate The Professional Framework That Guides The Work Of Internal Auditors.
7. Recommend The Different Types Of Risk Controls And The Appropriate Application For Each Of Them Within A Professional Framework.

Accounting for Islamic Financial Institutions (ACCT663)

This elective course is designed for students with special interest on accounting in Islamic financial institutions. It is designed to enable students to identify and apply the accounting principles and procedures of the various modes of Islamic financial transactions. It covers topics such as Islamic banking and finance, zakat, takaful, insurance and awqaf. The course also emphasizes (accountants and auditors) ethics and accountability in accounting for the Islamic products and services.

Credit Hours : 3

Course Learning Outcomes

1. Analyse Issues In Accounting Practices Of Islamic Financial Institutions And Think Strategically To Identify Possible Solutions.
2. Communicate Their Evaluation And Give Opinion On Issues In Auditing, Corporate And Sharia Governance Of Islamic Financial Institutions.
3. Compare The Various Zakat Calculation Methods And Calculate Zakat For The Islamic Financial Institutions.
4. Demonstrate Comprehensive Knowledge And Professional Competencies In Accounting, Reporting And Auditing Standards Of Islamic Financial Institutions (Aaoifi Standards).
5. Evaluate Accounting And Auditing Issues For The Islamic Financial Institutions.
6. Identify Ethical And Social Dimensions Encountered In The Islamic Financial Institutions Environment And Adapt Appropriate Solutions That Consider The Diversity Of Stakeholders’ Need.
7. Lead And Work With A Team For A Project And Present The Findings In A Professional Manner.

Legal Environment and Taxation (ACCT664)

This elective course covers business legal environments and taxation issues and accounting. The first part discusses the structures and legal environments for corporate and non-corporate business organizations. Contract and agency framework are also covered in this part. The second part teaches the administration, management and accounting methods for individuals, corporate and non-corporate organizations and consumption (Value Added Tax) taxation. The conditions and computation of capital allowances for plants and machineries are included next. The course concludes with a discussion on the ethical issues, legal and financial implication of taxation and zakat.

Credit Hours : 3

Course Learning Outcomes

1. Differentiate Between Noncorporate Business Entities I.E. Sole Proprietorships, General Partnerships, Limited Partnership, Limited Liability Partnership And Limited Liability Companies.
2. Familiar With Classification Of Contracts And Mutual Assent (Offer And Acceptance), Consideration, Capacity And Legality Of A Contract. Statue Of Fraud. Interpreting A Contract, Performance, Discharge And Breach In Contracts.
3. Familiar With Formation Of An Agency, Agent’S And Principal’S Authority, Duties And Liabilities And Knowledgeable How An Agency Can Be Terminated.
4. Familiar With Formation, Operation, Financing, And Distribution Of A Corporation. Knowledgeable With Shareholder’S Rights, Director’S And Officer’S Authority, Duties, And Liabilities.
5. Familiar With Gross Income, Deductions, And Losses Of A Corporation. Reconciliation Of Book And Taxable Income. Familiar With Regular Corporate Income Taxes And Foreign Tax Credits.
6. Familiar With Negotiable Instruments And Negotiability. Also Knowledgeable About Holders In Due Course.
7. Familiar With Tax Procedures, Tax Planning, Tax Filing Status, And Tax Exemptions.
8. Familiar With The Form 1040 And Its Contents Including Gross Income, Exclusions, Deductions, Business Income And Expenses, Fica And Futa Taxes, Standard Deductions,Itemized Deductions, Tax Credits And Alternative Minimum Taxes.
9. Formation And Performance Of Contract Of Sales.

Strategic Management Accounting (ACCT665)

This is an elective course that compliments managerial accounting courses in the core. This course aims to examine the use of financial and non-financial information for the purpose of analyzing business strategy and associated processes to achieve superior organizational performance. The course introduces a number of strategic management accounting tools and techniques that can be used to analyze how business strategy and associated processes consume resources, create value for a firm and its customers, and how this value may be enhanced through continuous improvement.

Credit Hours : 3

Course Learning Outcomes

1. Analyze Business Strategy And Associated Processes Through The Application Of Strategic Management Accounting Techniques.
2. Apply Techniques Associated With Strategic Cost Management Systems And Strategic Performance Measurement Systems To Improve Business Strategy And Associated Processes.
3. Demonstrate Ability To Autonomously Engage In Business Problem Solving With The Use Of Management Accounting Techniques.
4. Demonstrate Ability To Work As Part Of A Team To Solve Complex Business Problems Using Management Accounting Techniques.
5. Evaluate The Effectiveness Of Alternative Management Accounting Techniques In Improving Organizational Performance.
6. Prepare A Management Accounting Report That Addresses A Complex Business Problem.
7. Use Oral Presentation To Report Management Accounting Solutions To Interested Parties.

Selected Topics in Financial Reporting (ACCT666)

This elective course highlights some of the main issues that need particular attention within the financial reporting area. These topics include, but not limited to, issues of uncertain tax positions, XBRL, issues of fair value, servicing assets and liabilities, issues of complexity in financial reporting, derivatives, and pensions.

Credit Hours : 3