Accounting

Statistics (220121)  
Pre-requisite - Applied Math (000124) or 000122 Pure Math 

Statistical techniques and surveys play a vital role in every field. This has wide applications. This course intended to provide the students about the knowledge of application of statistics in real time applications. This course covers Describing Data, Different types of Probability, Various Sampling Methods, Different testing of Hypothesis, Correlation and Regression Analysis and how they can be applied in various cases.

 Mathematics for Business & Economics. (220112)
Pre-requisite -Applied Math – (000124)

The course uses mathematical ideas and models at the micro & macro levels of economics. The students should have the basics of these two subject to understand the application of mathematics into practical problems. It covers topic such as: linear & non linear equations, mathematics for finance, differentiations and the concepts of marginality in economics, integrations, matrices, and linear programming in business and related models. EXCEL and Maple software will be introduced to facilitate applications & understandings.

Introduction to Accounting-I (801111)
Prerequisite: NIl

This course aims to provide the fundamental concepts of accounting for the beginners of accounting program. This course is designed to build a strong base in accounting for pursuing a higher course in accounting. This major topics includes the following: Accounting and describes its roles in making informed decisions; use the double entry accounting system to identify and record business transactions and derive the financial statements; nature of accounting system; completing the Accounting cycle, merchandising operations, merchandise Inventory, accounting information systems, internal control and cash, receivables, plant assets and intangibles ,current liabilities and payroll. The students will have to do different chapter end exercises, mini cases, assignments; multiple choices, quizzes and spread sheet exercises for achieving the learning objectives envisaged.

Introduction to Accounting-II (801121)
Prerequisite: Introduction to Accounting – I (801111)

This course aims to develop the knowledge and skill among the students on accounting of corporations and preparation and use of external financial reports and the role of managerial accounting in the internal decision making process. The major topics covered in this course include: Accounting for Partnerships. Corporations; Paid up Capital and the Balance sheet; Retained Earnings; Long term Liabilities; Investments; Stock Investments; the statement of Cash flows, capital budgeting and Financial Statement analysis. The students will have to do different chapter end exercises, mini cases, assignments, multiple choice quizzes and spread sheet exercises to achieve the learning envisaged. 

Intermediate Financial Accounting I (801211)
Pre-requisite - Introduction to Accounting-II (801121)

This course aims at providing the student with understanding, cognitive application and transferable skills in accounting concepts and practices. The major topics include: key accounting issues associated with the preparation of general purpose financial reports. Important financial accounting issues such as the environment and theoretical structure of financial accounting, accounting process review, preparation and analysis of financial statements, analysis of current assets – cash and receivables, cash equivalents, inventories and acquisition and the accounting of operational assets are discussed in detail. The course exposes the students to a wide range of exercises and cases and uses the spreadsheets in solving exercises.

Intermediate Financial Accounting II (801221)
Pre-requisite –Intermediate Financial Accounting I (801211)

This course aims at providing the student with understanding, cognitive application and transferable skills in accounting concepts and practices. The major topics include: key accounting issues associated with the preparation of general purpose financial reports. The important financial accounting concepts such as utilization and impairment of operational assets, accounting of investment securities, accounting and reporting treatment of current liabilities and contingencies, bonds and long term notes, accounting for leases, accounting for income taxes, pension and other post retirement benefits and the nature of share holders equity and paid in capital are discussed in this course. The course exposes the students to a wide range of exercises and cases and uses the spreadsheets in solving exercises.

Financial statement Analysis (801212) ) 
Pre-requisite – Introduction to Accounting II (801121)

The aim of this course is to acquaint students with the fundamental tools of management accounting and to promote their understanding of the dramatic ways in which the field is changing. The key topics covered in this course include – changing role of managerial accounting in a dynamic business environment, basic cost management concepts and accounting for mass customization operations, product and process costing, cost volume profit analysis, profit planning and activity based budgeting, standard costing, flexible budgeting, responsibility accounting, quality control and environmental cost management and capital budgeting decisions. This is basically a skill oriented course and the students will be exposed to various stages of managerial accounting processes in a systematic way. They have to do chapter end numerical exercises, case exercises and assignments for the successful completion of the course.

Management Control System (801321)
Prerequisite: - Cost Management (801311)

This course focuses on offering basic and advanced aspects of management control systems. The course reveals the different control problems that the students should be proficient with. The course also covers and explores the different control mechanisms used in an organization which ensures the in-depth understanding the aforesaid control mechanisms by the students. The course enables the students learn the tools and techniques of management control systems in order equip themselves to apply the same in the real life situations. The course highlights the deployment and implementation of the management control systems which would enable the students to become successful in identifying different control problems in order to design effective control mechanisms to deploy the same to avert the control deviation. This is a case based course and students have to undertake comprehensive case analysis at the end of each chapter. They also have to complete assignments during the progression of the course.

Accounting for Corporate Entities (801322)
Pre-requisite – Intermediate financial accounting II (801221)

The aim of this course is to enable the students to develop knowledge and skills in advanced corporate financial accounting topics. This course includes the following topics; the reasons for Business Combinations ; preparation of Consolidated Financial Statements; Date of Acquisition and financial statements after Acquisition, Allocation and Depreciation of Differences Between cost and Book Value; Elimination of Unrealized Profit On Inter company; Elimination of Unrealized Gains or Losses On Intercompany Sales Of property and Equipment; Changes in Ownership interest, Intercompany Bond Holdings and Miscellaneous Topics; International Accounting and The Global Economy, Accounting for Foreign currency Transactions; The Translation of Financial Statements Of Foreign Affiliates; Reporting for Segment and Interim Financial periods ; Partnership Accounting; Partnership Defined ;Characteristics of a partnership and Accounting for a Partnership. The students have to undertake case studies, prepare assignments and projects for the successful completion of the course.

International accounting (801411)
Pre-requisite – Accounting for Corporate entities (801322)

This course includes the following topics; the reasons for diversity in accounting practices at a national level and the nature of such diversity; have an insight into and knowledge of the current state of the international harmonization process and into the debate on how far and fast such a process should proceed; understand the concepts, issues and technical aspects relating to selected accounting and of financial reporting for companies; transnational enterprises; understand how internationalization affects financial aspects of multinational decision-making and performance evaluation; be able to understand the issues financial analysts face when comparing the performance of companies from different countries. After completion of this course the student will able to solve case studies, assignments and projects related to International Accounting topics.

Auditing and Assurance Services (801412)
Pre-requisite – Accounting For Corporate Entities (801322)

This subject aims to introduce students to the underlying concepts, objectives and reporting functions of the external auditor and exposes students to the tools used by the auditor and the environment within which he/she operates. Students are also introduced to the wider issue of the provisions of assurance services. This course includes the following topics: the nature and objectives of independent financial statement audits; the auditing environment; risk analysis in auditing; sources and nature of evidence; audit planning and documentation; audit testing methods; sampling techniques; form and purpose of audit reports; other assurance engagements and environments. After completion of this course the student will able to solve case studies, assignments and projects related to Auditing and Assurance Services topics.

Accounting Theory (801421) 
Pre-requisite – Intermediate financial accounting II (801221)

The aim of the course is to develop a critical understanding of the supporting theories and assumptions underpinning financial reporting and an analysis of contemporary and emerging financial accounting issues. The major topics include the following topics; the development of Accounting Theory; Research Methodology and Theories on the Uses of Accounting Information; income Concepts; Financial Statement, International Accounting, International Business Accounting Issues, Working Capital, Accounting for Long –Term Assets, Accounting for Long-Term Liabilities, Accounting for Leases, Accounting for Equity and Accounting for Multiple Entities. The students will collect and analyze financial statements, carry out case studies and prepare practical assignments for the successful completion of the course.

Accounting Graduation Project (801419)
Pre-requisite – Business Research Methods (803324)

This course provides students with concepts and applications related to conduction and execution of the graduation project. The course consists of selecting a suitable research title topic, preparing of introduction outlining the theme of the study through pertinent literature, preparing need and significance of the study justifying the reasons for embarking on such a study, provide selected pertinent literature to build a theme, development of research model/conceptual motivation – a schematic diagram, development of research questions/objectives/hypotheses pertinent to the selected topic, laying out a detailed proposed methodology including several aspects such as research design, research location, types of data, target respondents, sampling technique/tools used, collection tool/sources of data collection, mode of data collection, use of statistical tools/analyses for the study etc. The students will practically involve in executing the project through collecting pertinent literature for the study, collecting pertinent data to provide results/solutions to the selected problem, analyses of data through statistical tools/other analyses in order to provide pertinent results, use of full referencing techniques pertinent to the study using either Harvard/APA/IEEE methods, preparation of a project report of several chapters such as introduction, review of literature, research methodology, data analyses and interpretation and summary of findings and conclusions. The course provides students with a practical exposure of applying the concepts learnt through different courses in to real life scenario through preparing graduation projects.

Accounting Information Systems (801213)
Pre-requisite – Intermediate Financial Accounting I (801211)

An accounting information system (AIS) is a system of collection, storage and processing of financial and accounting data that is used by decision makers. Students will be able to understand the fundamentals of managing information systems and accounting information systems. This course uses lecturers, assignments and practical problems to provide the students with knowledge and skills needed for understanding Accounting Information System.

Accounting for Non Profit Organization & Governmental units (801222)  
Pre-requisite – Intermediate Financial Accounting I (801211)

This subject introduces the concepts and practices of accounting and financial reporting for governmental and not-for-profit units, including voluntary health and welfare agencies, hospitals, colleges and universities. Students are also introduced to the role and process of budgeting and accounting for these entities’ operating activities, capital assets and long-term liabilities, as well as their financial analysis. This course uses lecturers, assignments and practical problems to provide the students with knowledge and skills needed for understanding Accounting for Governmental Units & Non-Profit Organization.

Islamic Accounting (801223)
Pre-requisite – Intermediate Financial Accounting I (801211)

The main objective of the Islamic accounting course is to acquaint the students with the principles, concepts, constraints, methods & techniques of accounting in accordance with Islamic principles & Shariah. Islamic Accounting course is important especially in case of Islamic banks, Insurance Companies, other organizations & institutions which operate according to Islamic Principles & Shariah. In the absence of Islamic Accounting System, the vision & mission of the various Islamic organizations & institutions will be meaningless. Hence, Islamic Accounting system is essential for those organizations & institutions. Accounting under Islamic perspective would also enable the students to understand the differences of Islamic Accounting and Conventional Accounting system. Moreover, Islamic Accounting system would help fix responsibility & accountability of the functional managers and other executives which is the core of Islamic principles. This course uses lecturers, assignments and practical problems to provide the students with knowledge and skills needed for understanding Islamic Accounting.

Business Performance Management (801323)
Pre-requisite – Cost Management (801311)

New accounting and control tools are needed to implement strategy in the 21st Century. Rapid innovation, entrepreneurial competitors, and increasingly demanding customers have radically altered competitive dynamics. This course integrates the latest performance measurement and control techniques with the new realities of competition, strategy, and organization design. The key topics covered in this text include organizational tensions to be managed, basics for successful strategy, organizing for performance, building profit plan, evaluating strategic profit performance, design asset allocation system, linking performance to markets, building a balance score card, achieving profit goals and strategy, aligning performance goals and strategy etc. This is a case based course and students have to undertake comprehensive case study analysis at the end of each chapter.

Accounting for Financial Institutes (801324)  
Pre-requisite – Intermediate Financial Accounting II (801221)

This course addresses issues in accounting for financial instruments and financial institutions currently discussed by standard setters (FASB, IASB) and bank regulators. It covers the distinction between equity and financial liabilities, de-recognition of financial assets, measurement of financial instruments (including structured products) and the accounting for hedging transactions. Finally, risk disclosure requirements under IFRS and the Basel II/III Framework are discussed. This course uses lecturers, assignments and practical problems to provide the students with knowledge and skills needed for understanding Accounting for Financial Institutions.

Taxation (801413)
Pre-requisite – Accounting for Corporate Entities (801322)

This is an introductory course in taxation. It discusses the economic and social policy implications of the tax systems by which government raises revenues. The subject matter of the course pertains to the tax environment as it exists today and how successful businesses adapt to take advantage of that environment. It also raises normative issues concerning the efficiency and equity of many features of the tax environment. Students will be able to learn how certain provisions of the tax law are intended to further the government’s fiscal policy goals. Another objective of the course is familiarizing students with the framework of the federal income tax, the dominant feature of the modern tax environment. The major topics to be studied are fundamentals of Tax planning, Measurement of taxable income, taxation of business income, the individual taxpayer and the tax compliance process.