The courses offered by the Accounting program are designated as (1212ABC), where ABC represents the year, term and sequence as described in the College Section. Description of required courses that are offered by other depart-ments are given in the bulletin section of the corresponding department.
Required Mandatory Core Courses
The required courses offered by the Accounting program are described below.
1212111 Principles of Management 3-0:3
This course is designed to provide the student with a basic understanding of the role of managers in modern orga- nizations. The focus is on the managerial activities of planning, organizing, directing, and controlling organizational resources. Students are expected to learn techniques of leading and motivating employees, designing effective organizations, understanding organizational cultures, managerial ethics, and controlling resources. This course is fully supported on blackboard
1212122 Principles of Accounting 3-0:3
This course gives students a background about the nature of accounting and its importance for
decision making. It helps them also understand the accounting process, the generally accepted
accounting principles, and how to prepare the financial statements based on the accrual basis of
accounting. This course also includes accounting for cash, property planet and equipment,
receivables, and current liabilities.
1212116 Principles of Micro-Economics 3-0:3
This course emphasizes the application of basic microeconomic concepts and principles to current economic events. Students will study the principles of supply and demand, cost of production and profit- maximization. In addition, we will examine the four key market structures as well as the role of government in the economy. A combination of theory and practice will be emphasized.
1211125 Business Statistics 3-0:3
This is a course that is designed to give students the basic tools of collecting, analyzing,
presenting, and interpreting data. In the business community, managers must make decisions based on what will happen to such things as de- mand, costs, and profits. These decisions are an effort to shape the future of the organization. If the managers make no effort to look at the past and extrapolate into the future, the likelihood of achieving success is slim. In other words, there are four reasons why we need to understand statistics.
1212213 Principles of Business Law 3-0:3
This course focuses on business law within the context of constitutional rights and civil law.
Topics include legal forms of business organization and ownership, contract and sales law,
government regulation of business, agency and employment law, and laws relating to business,
bankruptcy, finance, and banking.
1212115 Self-Development and Soft Skills 3-0:3
This course is designed to help students maximize their potential during their time at university.
It will help them to acquire important skills that are useful and necessary in life and work place.
The course aims to enable students to think creatively and constructively about personal, academic and career goals. Students are encouraged to identify what success really means to them and to plan an effective path towards achieving their aims. The course depends
ical activities that develop essential skills and qualities.
1212217 Financial Management 3-0:3
The purpose of this course is to provide the students with the necessary information to draw a
critical analysis of the financial administration of a business. Included are; working capital
management, risk and return analysis, time value of money, financial planning, and financial
Prerequisite: 1212122; 1211124.
1212222 Cost Accounting 3-0:3
This course is designed to help students understand what is mean by cost accounting, accounting for production, cost elements, cost classifications. Also, students will study how to prepare cost schedules using the different cost theories, how to allocate factory overhead using application rates, and help students what is meant by spoilage, waste, defective units, scrap.
1212226 Management Accounting 3-0:3
This course is to help students understand the importance of managerial accounting in the decision making process within the organization. Some selected topics include break–even analysis, static and flexible budgets, relevant data, performance evaluation and transfer pricing.
1212123 Intermediate Accounting 1 3-0:3
This course focuses on the conceptual framework underlying financial reporting by business
enterprises, the pro- cesses by which authoritative accounting guidelines are promulgated, and the preparation, presentation, interpre- tation, and use of financial statements. This course will enable the student to expand on his/her basic financial accounting skills. An in-depth study of financial accounting will be covered, with concentration on recognition and measurement of income. Asset accounting and the application of Generally Accepted Accounting Principles (GAAP) to financial statements published for external distribution is also studied.
1212131 Intermediate Accounting 2 3-0:3
This is the second of two Intermediate Accounting courses, which cover the traditional financial
accounting topics as well as recent developments within the public accounting industry. The first
course’s focus was on the asset side of the balance sheet and the income statement. This course’s
main focus will be on the liabilities and sharehold- ers’ equity side of the balance sheet as well
as any related income statement items. In particular we will focus on the accounting for
liabilities, shareholder’s equity, earnings per share, corporate income taxes, accounting changes
and error analysis, statement of cash flows and basic statement analysis. Examples will be taken
from practice and pronouncements in order to support and illustrate discussions of financial
1212233 Auditing Principles 3-0:3
Auditing is an evaluation of a person, organization, system, process, project or product. Audits
are performed to as- certain the validity and reliability of information, and also provide an
assessment of internal control systems. The goal of an auditing is to express an opinion on the
person, organization, system. This course is designed to help students to understand what is
auditing, its types and types of auditors. Also, students will study audit reports, professional
ethics, legal liability, audit responsibilities, audit evidence, audit planning, materiality and
risk and components of internal control.
1212234 Computer Applications in Accounting 2-2:3
Computerized Applications in Accounting is a practical introduction to the utilization of an
integrated accounting package for microcomputers, including considerations necessary in choosing and implementing a computerized ac- counting system. Students learn the differences between manual and computerized accounting systems and will set up and use integrated computerized general ledger, accounts receivable, accounts payable, inventory, depreciation and payroll applications, to maintain accounting records of a business and produce financial reports including cash flow, horizontal and vertical analysis.
1212296 Field Training 0-0:3
During the period of Field Training, the students are employed and super-vised by firms and
Academic supervisors. They participate in various types of Managerial and Financial work in
accordance with a plan approved by the depart- ment and the college. A student must complete 180 working hours of training during regular working hours of the firm. Students are also required to submit a final report of their training program. Students are able to take this Course in the Last Year.
Prerequisite: Completing 54 credit hours.
Descriptions of the elective courses are given below:
1212221 Advanced Accounting 3-0:3
This course aims at covering the conceptual and practical aspects of accounting for some advanced topics in finan- cial accounting and reporting for corporations. It covers financial accounting for investments, business combinations, consolidated financial statements and related issues, accounting for foreign currency transactions and partnerships.
1212228 Governmental Accounting 3-0:3
This course introduces the theory and concepts underlying financial accounting, control, and
reporting in govern- mental and non-profit organizations. The course covers fund accounting, budget and control issues, revenue and expense recognition, and issues of reporting for both government and non-profit entities.
1212235 Financial Statements Analysis 3-0:3
The course aims to provide students with an understanding of the use of the financial statements
and to develop skills in the analysis of financial statements for economic decision-making.
Students will develop expertise in analyzing financial statements for investments, credit, business
and management decisions. We will also learn how investment professionals and analysts identify
potential opportunities and avoid pitfalls for senior management decision-making.
1212236 Accounting Information System 3-0:3
This course provides basic knowledge of how accounting information systems function in business organizations. Transactions flowcharting and internal controls of the revenue, expenditure and conversion cycle are covered in details. Attention is also focused on rational databases.