ACC - Accounting

Course Number/Title

Course description

Prerequisites

Credits

ACC 121 Introduction to Accounting

This introductory course provides a sound understanding of the basic principles and procedures of accounting for business organisations. Emphasis is on the accounting cycle, asset valuation, income determination and the preparation of financial statements.

3 Credits

ACC 201 Financial Accounting

This course places emphasis on the accounting principles and procedures as applied to partnerships and corporations. Topics include the equity structure of partnerships and corporations, long-term liabilities, common stocks, bonds, statements of cash flows, accounting ratios, and financial statement analysis.

ACC 121

3 Credits

ACC 202 Managerial Accounting

This course places emphasis on the cost accounting methods, concepts, and procedures that provide management with information for planning, control and decision-making in businesses. Topics include costing behaviour, costing techniques, inventory valuation, cost-volume-profit analysis, capital investment appraisal analysis, budgeting, standard costing and variance analysis, and performance evaluation.

ACC 121

3 Credits

ACC 251 Computerised Accounting

This course deals with the examination, installation and use of an integrated accounting information system as well as control concepts and procedures. It provides a practical and computerised “hands-on” method of managing accounts receivables, payables, general ledger, payroll and inventory management processing. Spreadsheet applications, import and export features are also examined.

ACC 121 and COM 110

3 Credits

ACC 300 Intermediate Financial Accounting I

This course expands on topics covered in ACC 121 and ACC 201 and presents them within the framework determined by Generally Accepted Accounting Principles (GAAP). Topics include conceptual frame- work, accounting information system, cash and accrual accounting, financial statements, inventory, cash and receivables, property, plant and equipment and depreciation methods.

ACC 201

3 Credits

ACC 301 Intermediate Financial Accounting II

This course continues topics presented in ACC300, including current and long term liabilities, stockholder’s equity, EPS, leases, pensions, accounting for income taxes, accounting for changes and error analysis, revenue recognition, income measurement issues, debt financing and equity financing.

ACC 201 and ACC 300

3 Credits

 

ACC302 CostAccounting

This course builds on the foundations laid in ACC 202 Man- agerial Accounting. Topics to be covered include job costing, activity-based costing, process costing, absorption costing, cost and profit centre costing and direct costing.

ACC 202

3 Credits

ACC 333 Company Law

This course examines the laws and principles that are appli- cable to business corporations. Topics include formation of company, authorised and issued share capital, rights of shareholders and creditors, change of company’s name, reporting requirement of companies, and dissolution of company.

BUS 205

3 Credits

ACC 401 Taxation I

This course looks at the US Federal taxation system as well as an individual’s liability to pay taxes. It also examines the development of tax laws and current tax regulations.

ACC 201

3 Credits

ACC 402 Advanced Financial Accounting I

This course covers topics such as con- solidated accounts, business combination, contingencies, segment reporting, employee compensation, and investment accounting.

ACC 301

3 Credits

ACC 403 Auditing I

This course exposes students to the principles and objectives of auditing. Topics include ethical considerations, regulatory framework, audit planning, internal control evaluation, and statistical sampling.

ACC 201

3 Credits

ACC 404 Advanced Financial Accounting II

This course looks at financial reporting issues with a view to providing relevant information to the corporation’s various stake- holders. It also emphasises good corporate governance as well as international account- ing and auditing issues.

ACC 402 and ACC 403

3 Credits

ACC 405 Auditing II

This course builds on the foundation laid in Auditing I. It includes auditing assignments using computerised auditing software packages and also explores other assurance services, audit negligence, operational auditing, substantive testing and reporting requirements, and current auditing development.

ACC 301 and ACC 403

3 Credits

ACC 406 Accounting Information Systems

The purpose of this course is to introduce students to accounting information systems. It provides an overview of the objectives, the design and the use of such systems in an organisation.

COM 411

3 Credits

ACC 407 Not-for-Profit Accounting

This course covers the accounting and reporting procedures for non-profit US organisations such as colleges, clubs, and governments.

ACC 201

3 Credits

ACC 409 Taxation II

This course revisits the US Federal taxation system and also covers partnerships, estates, trusts, and corporations’ liabilities to pay taxes.

ACC 401

3 Credits