B.Sc.in Accounting

Overview

The mission of the Accounting Department is derived mainly from the larger vision and philosophy of the university and the college. Accordingly, the department is in pursuit of excellence in accounting education and professional practice via a rigorous academic program that promotes critical thinking, interpersonal skills, technical competence and, above all, ethical practice.

Program Goals

The goals of the program are to:

  • Provide students with adequate accounting knowledge that qualifies them for employment in accounting practice and the profession
  • Enable students to prepare, analyze and communicate accounting information using information technology to facilitate the decision-making process
  • Develop skills of ethical reasoning, critical thinking and problem-solving •    Prepare students to conduct research in accounting and related areas

Program Educational Objectives

The objectives of the program are to enable students to:

  • Understand the conceptual framework of accounting and the mechanics of the accounting cycle
  • Understand the core concepts of cost and management accounting and the uses of accounting information in the decision-making process
  • Understand the auditing standards, practices and rules of professional conduct
  • Prepare financial statements for profit and non-profit organizations
  • Use manual and computer-based tools to identify and analyze logical relations among accounting data
  • Combine and consolidate financial information
  • Make ethical and professional judgments in accounting and auditing
  • Use accounting analytical tools to develop skills and critical thinking
  • Understand the relevance and applicability of accounting models and theories
  • Conduct research in accounting

Career Opportunities

A career in accounting offers the potential of a larger number of job openings than in many other disciplines. A qualification in accounting today opens the door to careers in business, NGOs and government units, preparing graduates for work in any of the following areas: financial reporting, public practice, strategic business planning, cost and management accounting, information systems, insolvency and reconstruction, accounting and finance consulting, and business analysis and evaluation. In addition to employment our graduates are equipped to pursue postgraduate study in accounting and finance as well as professional certification, for example CPA, CMA, CFA, ACCA and CIA.

Graduation Requirements

Students will be awarded the Bachelor of Science in Accounting degree upon fulfillment of the following requirements:

  • Successful completion of 126 credit hours,which normally takes eight semesters
  • 8 weeks of industria linternship (after the completion of 96 credit hours including seven marketing core courses), which is equivalent to three credit hours
  • A minimum Cumulative Grade Point Average of 2.0

Admission Requirements

The normal entry requirement is the UAE Secondary School Certificate, or an equivalent qualification, with a minimum average grade of 60 percent, & TOEFL certificate with a minimum score of 500.For more details please visit undergraduate admissions

Course Description

400 292 Principles of Accounting I (3,0,0,3)

Accounting is something that affects people in their personal lives just as much as it affects very large businesses. Financial accounting is concerned with the provision of accounting information to owners, investors and other external users. The term accounting may refer to different activities, for example collecting, recording, processing and communicating economic data to produce useful accounting information. This course is a study of the fundamental principles and procedures of accounting as applied to sole proprietorships, partnerships and corporations.

400 394 Principles of Accounting II (3,0,0,3)

The users of accounting information need complete and comparable information to assess company profitability and financial position. The course provides details on the preparation of financial statements (balance sheet, income statement, and statement of cash flow) as well as the accounting treatment of their components

420 401 Intermediate Accounting I (3,0,0,3)

Like other human activities, accounting is largely a product of its environment. Therefore, accounting objectives are not the same today as they were in the past. To provide managers and other interested parties with useful information, they must know how this information can be generated. “Accountants must act as well as think,” therefore it is important for business administration students to understand how accounting reports are prepared, as well as why. The course places particular emphasis on valuation procedures and alternative accounting treatments of various assets and abilities.

Pre-requisite: 400 394

420 501 Intermediate Accounting II (3,0,0,3)

Like other human activities, accounting is largely a product of its environment. Therefore, accounting objectives are not the same today as they were in the past. To provide managers and other interested parties with useful information, they must know how this information can be generated. “Accountants must act as well as think,” therefore it is important for business administration students to understand how accounting reports are prepared, as well as why. The course places particular emphasis on valuation procedures and alternative accounting treatments of various assets and abilities.

Pre-requisite: 420 401

420 502 Managerial Accounting (3,0,0,3)

Managers in every organization are better equipped to perform their duties when they have a reasonable grasp of accounting data. Decision-making which is “the choice of alternative courses of

action” is the core of the management process, that depends ultimately on useful accounting information. This type of information will be provided through management accounting, which refers to accounting information developed for managers within an organization. The course is designed primarily for students who have studied basic accounting for two semesters. Emphasis is placed on accounting as a tool for planning and control.

Pre-requisite: 420 603

420 705 Governmental Accounting (3,0,0,3)

The aim of this course is to equip the students with the theory and practice of fund accounting in government units and not-for-profit organizations. In the process, the course discusses all issues related to the preparation of financial statements of the government units and non-profit organizations.

Pre-requisite: 420401

420 602 Auditing (3,0,0,3)

Auditing is interdisciplinary in its scope and methodology, encompassing accounting theory and applications, legal aspects, managerial issues, environmental factors and computer processing. In its modern sense, an audit is a process whereby the accounts of business entities and managerial performance are subjected to scrutiny to develop an opinion on fairness of financial statements and effectiveness of management. The general concern of auditing could be derived from the famous statement of Confucius: “The aim of the superior man is truth.” This course is designed to introduce students to basic concepts and standards. Concentration is mainly on auditing standards, ethics, principles and procedures used by external auditors in conducting financial and managerial audit.

Pre-requisite: 420 401

420 603 Cost Accounting (3,0,0,3)

The relevance of information depends on the decision being made. Decision-making is essentially choosing among several courses of action. Accountants have an important role in the decision-making process, not as decision-makers but as collectors and reporters of relevant information. The accountant’s role in decision-making is primarily that of a technical expert on cost analysis, cost control and cost reduction, information that will lead to the best decision on production, marketing, profitability, performance evaluation, transfer pricing and capital budgeting. The study of the basic concepts and practical aspects of cost accounting is the primary concentration of this course.

Pre-requisite: 400 394

420 604 Advanced Accounting (3,0,0,3)

In most business combinations, one company acquires control over the net assets of another. The transfer of control from one group of owners to another affects the economic interests of many people, including the owners, managers, creditors and customers. Although the single proprietorship is the most common form of business in the Arab world, and although the corporate form of organization accounts for the largest volume of business, the partnership form is widely used by smaller business entities in the Arabian Gulf region. The study of partnership and consolidated financial statements is the primary concentration of this course. Fundamentals of fair value and equity accounting methods are reviewed.

Pre-requisite: 420 501

420 706 Advanced Auditing (3,0,0,3)

Many accounting students will choose a career in auditing, either in public accounting, private industry or government. These students need to acquire technical expertise and to understand the theoretical concepts underlying current auditing practice. This course is designed to acquaint the student of accounting with the advanced practical aspects of auditing procedures and techniques with reference to the method of their application in commercial, industrial and other profit making organizations, paying particular attention to assessment of risk, concept of internal control and assertions of assets and liabilities.

Pre-requisite: 420 602

420 802 Financial Management and Control (3,0,0,3)

This course aims to provide with an understanding of financial statements and the analytical tools available for use in properly managing and adding value to an organization. It focuses on analysis of financial and accounting information and its impact on financial decision-making and profit planning. The course uses some basic applications of statistics in analyzing the impact on financial markets and consequently setting up standards in the field of financial planning in order to ensure the financial stability.

Pre-requisites: 420 604, 420 502

420 707 Accounting Theory (3,0,0,3)

Accounting theory is concerned with the models, hypotheses and concepts that together form the foundation for financial accounting practice. This course traces the historical development of accounting to gain an understanding of how we arrived at current practices, together with the social, political and economic influences on accounting standards.

Pre-requisite: 420 604

420 809 Selected Topics in Accounting (3,0,0,3)

This course is to deal with a number of topics of a controversial nature in accounting. The course deals specifically with the theoretical basis and recent professional pronouncements related to some problems in financial reporting and disclosure, application and implications of accounting profit, profit-sharing under the Islamic accounting system, accounting for mergers and acquisitions, as well as accounting under inflationary conditions.

Pre-requisite: 420 401

420 810 Computerized Accounting Information Systems (2,2,0,3)

The computerized accounting information system combines the skill sets of two areas experiencing rapid growth and change - accounting and information technology. Electronic commerce, direct-business-to-business communication, paperless work process and many other technology-intensive innovations have created new challenges and opportunities for accountants who also have expertise in information systems. Many traditional accounting functions are now embodied in systems that require a different combination of technical and financial knowledge. The CAIS course is designed to provide the combination of knowledge and skill sets to meet the new challenges and opportunities of the information technology world.

Pre-requisites: 311 102, 420 401

420 612 International Accounting (3,0,0,3)

The global economy is best characterized by a new economic and corporate world in which national boundaries are losing their importance. Multinational and local firms need to be aware of the linkages, ramifications, conditions and demands of the global economy. This course looks at how accounting information that reflects this international reality for both external and internal users can be produced. International accounting takes in all the technical accounting problems in financial accounting, cost accounting, management accounting and auditing that have a bearing on the conduct of foreign operations.

Pre-requisite: 420 401

420 613 Islamic Accounting (3,0,0,3)

This course provides a broad framework of the structure of Islamic accounting thought. The conceptual framework of accounting, accounting policy, operationalization of terms, financial reporting standardization of accounting practice and profit and loss sharing in Islam on the most controversial issues at the academic and professional levels.

Pre-requisite: 420 401

420 714 Oil and Gas Accounting (3,0,0,3)

Since the early 1970s, oil revenues have transformed the Arabian Gulf region into a modern sophisticated industrialized economy. Crude oil exports, which are the preserve of the Arabian Gulf region, remain the mainstay of economic activity. Oil and gas accounting is concerned with the models and concepts that together form the foundation and practice of financial and cost accounting for oil and gas industry.

Pre-requisite: 420 401

420 716 Taxation Accounting (3,0,0,3)

Managers of local and multinational corporations face different tax systems in different countries that require adequate tax planning and knowledgeable people in the field of taxation accounting. Taxation of business does vary from one country to another. Not only are tax rates different, but also opinions differ as to definitions of taxable income and types of taxes to be used.

Pre-requisite: 420 401

ACCA

 

Bachelor of Science in Accounting

Papers F1 – F4

On completion

Paper F7

Based on Intermediate Accounting I PLUS Intermediate Accounting II PLUS Advanced Accounting

This program will hold accreditation for a period of 5 years, for graduates from 01.01.2014  to 31.12.2018.

Exemption from F5 has not been awarded. The modules considered for this paper were Cost Accounting PLUS Managerial Accounting. The exemption has not been awarded as we were unable to find an adequate level of syllabus coverage. 

Exemption from F8 has not been awarded. The modules considered for this paper were Auditing PLUS Advanced Auditing. The exemption has not been awarded as we were unable to find an adequate level of syllabus coverage and the exam paper was not comparable.

In the F8 exam, paper candidates are required to assess amounts of relevant background information before formulating an answer to the given question. In

the exam paper submitted for assessment most questions did not compare in this regard.

Exemption from F9 has not been awarded. The module considered for this paper was Module 1 ABC123. The exemption has not been awarded as we were unable to find an adequate level of syllabus coverage and the exam paper was not comparable.

The ACCA F9 exam paper consists of questions which are predominantly practical and computational in nature and require candidates to assess amounts of background information before starting to formulate an answer. The majority of questions in the exam paper submitted for assessment did not have comparable levels of background information and/or were too discursive in nature. 

Details of syllabus we were unable to find are attached in the supplementary document.

If any module changes should occur within this period, please let ACCA know as soon as possible

This accredited program will be communicated externally by ACCA via our web-based exemption inquiry database.

Full details of the syllabus, study guide, and examination papers are available on ACCA’s website at http://www.accaglobal.com.

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Please also note the link below which will direct you to the updated ACCA copyright policy. 

http://www.accaglobal.com/content/dam/acca/global/pdf/copyright_statement.p df