Bachelor of Science in Accounting

  • Total # of Credit hours
    126

Welcome Message

It is a great pleasure to welcome you all to the Department of Accounting at the College of Business Administration, AU.

Accounting is the heart of any private or public organization. The accounting degree creates many opportunities. The different careers range from highly technical roles to executive positions where you have a strong say in business decision making. Accountants work with individuals, small businesses, large corporations, non-profits and government agencies to prepare and organize, and analyze financial reports, tax documents, costing systems, budgeting, and auditing.

Completing our Bachelor of Science in Accounting (BSCA), our graduates become eligible for future professional and academic careers as well as positions at many public and business organizations such as: Public accounting and auditing firms, financial institutions, business and industrial corporations, governmental and not-for-profit organizations, sole proprietorships, and partnerships and corporations.

Accounting is one area of the job market that does not show any signs of slowing down. In fact, the job opportunities for fresh accounting graduates are growing daily. Our accounting degree equips you with deep understanding, technical and analytical skills that help you to practice accounting and grow at the academic and professional levels. Our program gains recognition and accreditation from the top professional bodies in the world (ACCA- in UK, CPA-Australia, and Global CIMA– USA).

Dr. Ibrahim Elsiddig Ahmed
Head, Department of Accounting

 

Program Overview

 

Accounting, described as “The Language of Business”, is the study of the concepts and techniques used in reporting on matters related to an entity’s financial status and performance. Entities compete in both input and product markets that is why accounting information is essential for managers to plan and control business activities. Information generated through the accounting process helps in communication and analysis of financial reports that are required for business decision-making.

 

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

Minimum High school Requirements: An average score of 70% for Advanced or Elite Tracks, and 75% for General Stream.

EmSAT in English Language: Score of 1100 or its equivalent
EmSAT in Mathematics: Score of 600 
EmSAT in Arabic: Score of 600 

Find out the undergraduate admission requirements here

 
Enrollment and Graduation Data
  Academic Year
Students 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
Enrollment 47 41 69 79 53
Graduation 44 58 39 36 36
 
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 industrial internship (after the completion of 96 credit hours including seven Accounting core courses), which is equivalent to three credit hours
  • A minimum Cumulative Grade Point Average of 2.0

 


ACCA Accreditation

 

 

Bachelor of Science in Accounting

Exempted Papers                                         Base

1. Accountant in Business

2. Management Accounting

3. Financial Accounting

4. Corporate Law

 

On completion

5. Performance Management

On the basis of:

Cost Accounting ACC321

Managerial Accounting ACC322

6. Financial Reporting

 

On the basis of:

Intermediate Accounting I, ACC311         

Intermediate Accounting II, ACC320

PLUS    Advanced Accounting, ACC410

 

This program will hold accreditation for a period of 5 years, for graduates from 01/01/2019 to 31/12/2023.

 Exemption from papers TX, AA and FM have not been awarded in this instance. Here are details why the exemptions not awarded.

ACCA Paper – Taxation (TX)

Exemption from Taxation has not been awarded. The module considered for this exam was Taxation Accounting ACC412. The exemption has not been awarded as we were unable to find an adequate level of syllabus coverage and the exam was not comparable.

ACCA Paper – Audit and Assurance (AA)

Exemption from Audit and Assurance has not been awarded. The module considered for this exam was Auditing ACC323. The exemption has not been awarded as we were unable to find an adequate level of syllabus coverage and the exam was not comparable.

ACCA Paper – Financial Management (FM)

Exemption from Financial Management has not been awarded. The modules considered for this exam were Fundamental of Finance FIN210 and Financial Management and Control ACC421. Although we were able to find an adequate level of syllabus coverage, the exam was not comparable.

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.

ACCA does not permit, under any circumstances, the unauthorized copying, reproduction or translation of ACCA’s qualifications. ACCA’s entire suite of qualifications remains the intellectual property of ACCA and should never be held out as the intellectual property of another party.

Any attempt to copy, replicate or translate any aspect of ACCA’s qualifications is an infringement of ACCA’s intellectual property rights and, as such, provides grounds for ACCA to pursue a claim for copyright infringement.

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.pdf

 

 

Program Learning Outcomes

 
Program Learning Outcomes (PLOs)
  1. Perform the steps of the accounting cycle, including preparing financial statements in accordance with international standards.
  2. Acquire substantive accounting knowledge, and/or demonstrate competencies required by employers to ethically practice auditing and accounting in different functional areas.
  3. Develop cost and managerial accounting information and use it to make decisions for internal company purposes and problem solving.
  4. Prepare and communicate financial information for profit and not for profit organizations.
  5. Apply and critically analyze accounting models to solve accounting problems through case analysis and writing research report.
  6. Utilize information technology in making business decisions.

Program Structure and Credit Hours

 

The B.Sc. degree in Accounting requires the completion of 126 credit hours distributed according to the following plan:

Type of Courses
Credit/hour
1. University General Education Courses 
24
(a) University Compulsory Courses 15
(b) University Elective Courses 9
2. College Requirements 
66
(a) College Compulsory Courses 54
(b) College Elective Courses 12
3Major Requirements
36
(a) Major Compulsory Courses 33
(b) Major Elective Courses 3
Total Credit Hours
126

Study Plan

Study Plan

Courses Descriptions

 

ACC 200 Principles of Accounting I  

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.

 
ACC 220 Principles of Accounting II

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

Pre-requisite: ACC 200

 
ACC 310 Intermediate Accounting I  

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: ACC 220

 
ACC 320 Intermediate Accounting II  

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: ACC 310

 
ACC 322 Managerial Accounting  

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: ACC 220

 
ACC 312 Governmental Accounting

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: ACC 310

 
ACC 323 Auditing  

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: ACC 320

 
ACC 321 Cost Accounting

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: ACC 310

 
ACC 410 Advanced Accounting  

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: ACC 320

 
ACC 411 Advanced Auditing  

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: ACC 311, ACC 323

 
ACC 421 Financial Management and Control

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: ACC 322, ACC 410

 
ACC 420 Accounting Theory  

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: ACC 410

 
ACC 311 Computerized Accounting Information Systems  

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: ACC 310

 
ACC 414 International Accounting

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: ACC 310

 
ACC 424 Islamic Accounting

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: ACC 310

 
ACC 413 Oil and Gas Accounting  

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: ACC 310

 
ACC 412 Taxation Accounting  

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: ACC 310

 
MGT 402, ACC 422, MKT 425, FIN 424 Graduation Project  

This course takes the form of a dissertation completed by graduating students in partial fulfillment of BSc in Management, Accounting, Marketing and Finance degree programs. Students choose an appropriate research project, justify it, work out the research methodology, and analyze, synthesize and evaluate information, then communicate significant knowledge and understanding. The proposed research should be related to the program. An academic advisor is assigned to advise the student at various stages of the research project. This course culminates in the preparation of a dissertation by each student. The course is an integral part of the curriculum, designed to train students to undertake scientific research and bridge the gap between theory and practice in management, accounting, marketing or finance.

Pre-requisite: Earning 102 Cr. Hrs., MGT 312

 

MGT 470 Supervised Training  

After the completion of 96 credit hours, including seven major core courses. The aim of supervised training is to enable students to practice the learnt theories and concepts in a business organization. Students from any business discipline undergo a training period that is closely monitored by an instructor and the manager/supervisor of the organization to ensure that the student cultivates sound professional attitudes and ethics needed in work places.