Provides an introduction to financial accounting, with emphasis on the content, interpretation, and uses of accounting reports according to the International Financial Reporting Standards (IFRS). Develops students’ skills underlying the preparation and analysis of financial statements of a business enterprise. Discusses accounting principles as they relate to the recognition of revenues and expenses, and the valuation of assets and liabilities. Ethics in accounting is incorporated in the presentation of financial statements.
Accounting principles and techniques underlying the preparation of the income statement and balance sheet of a business enterprise. An overview of generally accepted accounting principles as they relate to the recognition of revenues and expenses, and the valuation of assets and liabilities. Utilization of basic accounting software packages.
Pre-Requisites: MIS105
Accounting principles and techniques underlying the financial statements of partnerships and corporations. Accounting for stocks and dividends. Accounting for bond issues. Statement of cash flows. General price level adjusted financial statements. Analysis of financial statements. Cost accounting systems for manufacturing concerns. Cost-volume-profit analysis, responsibility accounting, and budgeting. Cost-revenue analysis for decision making. Utilization of basic accounting software packages.
Pre-Requisites: ACCT201 Or ACCT110
Continuation of ACCT 110 with a focus on uses of accounting information for managerial decision making to aid planning and control activities of managers in business enterprises. Topics include methods for determining the costs of products and services, cost behavior analysis, assessing product and project profitability, cost-volume-profit analysis, budgeting, cost control using standard costing and variance analysis.
Pre-Requisites: ACCT110 And BUS200
Provides a broad perspective on concepts and applications of Accounting Information Systems (AIS) which record, control, report transactions, and enhance decision making in organizations. Highlights the concepts and applications related to internal control in manual and computerized accounting systems. Introduces the understanding of Enterprise Resource Planning (ERP) software as it applies to modern AIS at an enterprise level. Topics include: Transaction processing and ERP, databases, control and AIS (COSO, COBIT, and ERM frameworks), systems reliability, auditing computer-based AIS, and control applications in Accounting cycles. Provides hands-on experience with Database Management Systems (DBMS), Spreadsheet programs, Systems documentation tools and ERP software. Cases, class discussion, field trips and group projects emphasize independent thinking, group processes, and communication.
Pre-Requisites: ACCT210
Emphasizes objectives of financial statements, and their preparation. In-depth study of accounting principles with a concentration on the valuation techniques and procedures underlying the financial statements. Features several conceptual and theoretical issues that face the accounting profession. Accounting for current assets and current liabilities. Accounting for acquisition and disposition of plant assets including depreciation and depletion. Accounting for intangible assets. Study of ethics in accounting. The course also refers to International Accounting Standards (IFRS) and standards issued by the Saudi Organization for Certified Public Accountants (SOCPA).
Pre-Requisites: ACCT210
Engages students in the study of stockholders' equity including issuance and reacquisition of capital stock, dividends and retained earnings. Topics of coverage also include accounting for short-term and long-term investments in securities, revenue recognition and long-term contracts, study of cash flows, capital leases, and interpretation and analysis of financial statements. Involves use of cases and study of ethics in accounting. And computer applications in financial accounting. The course also refers to International Accounting Standards (IFRS) and standards issued by the Saudi Organization for Certified Public Accountants (SOCPA).
Pre-Requisites: ACCT301
Auditing of computer-based information systems. Audit environment and information systems controls.Theory of internal control and the application of audit procedures in a computerized environment. Techniques for evaluating applications, data integrity, general operations, security, systems software and maintenance.
Objectives of international accounting. International accounting standards and organizations. Transnational financial reporting and disclosure problems. Accounting information systems and control for multinational operations. Financial planning for multinational operations. Accounting for foreign currency translation and inflation. Multinational taxation and transfer pricing. Consolidated financial statements for multinational operations. International balance of payments accounting. Accounting and Economic Development. Accounting for multinational corporate responsibility.
Examines accounting concepts and techniques for governmental operations including fund accounting. Topics of coverage also includes financial reporting and disclosure problems of governmental and non-profit organizations, and budgetary control procedures for governmental and non-profit entities such as universities, hospitals, and charities.
Pre-Requisites: ACCT210
Fundamentals, rules, and objectives of taxation, Saudi Arabian tax and zakat regulations, assessment of income tax and zakat base, income tax and zakat rates, Department of Zakat and Income Tax procedures and rules, case studies.
Teaches fundamentals of commercial law, the Islamic principles of property rights, contracts, capital, types of ownership, sale contracts, commercial papers and bankruptcy. Secured transactions, and concepts of agency, estate, and trust under Islamic Sharia Law are also included in the course coverage.
Discusses generally accepted auditing standards (GAAS) and procedures used by the external auditor. It presents an integrated concepts approach that shows students the auditing process from start to finish. It students for real-world audit decision making by using illustrative examples of key audit decisions, with an emphasis on audit planning, risk assessment processes and collecting and evaluating evidence in response to risks. Topics include: Professional ethics, Professional responsibility, and legal liability of the external auditor. Audit concepts such as auditor's independence, fair presentation, and due professional care are emphasized. Internal control evaluation and design of audit programs; Collection of audit evidence including statistical sampling and analytical review; Evaluation of audit evidence; arriving at audit opinions. Development of working papers and audit reports. Assurance services. Uses of the computer as an audit tool. Utilization of generalized audit software packages. Information Technology and the audit process.
Pre-Requisites: ACCT300
Focuses on auditing of computer-based information systems. Topics include audit environment and information systems controls, theory of internal control and the application of audit procedures in a computerized environment, and techniques for evaluating applications, data integrity, general operations, security, systems software and maintenance. Provides hands-on use of Computer Assisted Tools & Techniques (CATT) software application.
Pre-Requisites: ACCT300
Data Analytics in Accounting. Master the Data. Performing the Test Plan and Analyzing the Results. Communicating Results and Visualizations. Audit Data Analytics. Managerial Analytics. Financial Statement Analytics. Tax Analytics.
Pre-Requisites: ACCT301
Beginning of coop in summer. Description as given in ACCT 351.
Twenty-eight weeks of practical training in Accounting or related area in a selected organization. The training program must be approved and the student's progress during his co-op period must be monitored. The student is expected to write a co-op report addressing a business problem related to his coop experience under the supervision of a faculty member in accordance with university regulations.
End of coop in summer. Description as given in ACCT 351.
The Accounting Internship provides the student with the opportunity to gain valuable practical business experience and insights in an organizational environment for a continuous period of 16 weeks to explore career interests while applying knowledge, competency, and skills learned in the classroom. The internship performance and responsibilities are evaluated by a faculty Internship advisor and a work-site supervisor through student’s submission of progress reports, employer’s feedback, final report, and presentation. Prerequisites: ENGL 214, more than 85 credit hours.
Pre-Requisites: ENGL214
The summer training provides the student with the opportunity to gain valuable practical business experience and insights in an organizational environment for a continuous period of 8 weeks to explore career interests and prepare student for the demands of today's job market. The course is designed to expose students to the reality of his professional practice which contributes to their academic and career development. The student is required to write one progress report, a brief final report and make a presentation on their summer training experience and knowledge gained. Prerequisite: more than 65 Cr, ENGL 214, GPA>2
Cost accounting and control; general principles of designing cost systems; classification of costs and cost behavior patterns; cost estimation. Product costing systems including job order costing, process costing, and joint products costing in manufacturing and service organizations. Service departments cost allocation methodologies. Standard costing systems including disposition of cost variances; cost variance reports and investigation of cost variances. Product costing and performance evaluation in computerized manufacturing systems. Computer applications in cost accounting.
Behavioral and organizational foundations of managerial accounting. Probabilistic cost-volume-profit analysis.Cost information for short-term and long-term pricing decisions. Comprehensive revenue variance analysis. Balanced scorecard and strategic profitability analysis. Cost of quality and theory of constraints. Responsibility accounting and performance evaluation. Transfer pricing systems. Performance evaluation systems and multinational considerations. Study of ethics in accounting. Computer applications in managerial accounting.
Examines some of the more complex albeit common contemporary financial accounting and reporting issues as part of a post-intermediate financial accounting course. The primary topics include accounting for business combinations, investments in common stocks, consolidated financial statements, joint ventures, foreign currency transactions, accounting for derivatives, financial instruments, and share-based payments. The course also alludes to international accounting standards (IFRS) and standards issued by the Saudi Organization for Certified Public Accountants (SOCPA). The subject is designed to provide students, who are majoring in accountancy, with professional, theoretical and practical knowledge that is needed by accountants in understanding and discharging their responsibilities as professional accountants. This includes the legal, professional and ethical requirements.
Pre-Requisites: ACCT302
Generally accepted auditing standards and procedures used by the external auditor. Professional ethics, professional responsibility, and legal liability of the external auditor. Audit concepts such as auditor?s independence, fair presentation, and due professional care. Internal control evaluation and design of audit programs; collection of audit evidence including statistical sampling and analytical review; evaluation of audit evidence; arriving at audit conclusions. Development of working papers and audit reports. Assurance services. Uses of the computer as an audit tool. Utilization of generalized audit software packages. Information Technology and the audit process.
The development and structure of accounting theory, principles, and practices applicable to business organizations. Objectives of financial reporting and disclosure. Models of income determination and balance sheet valuations including historical cost, replacement cost, exit values, and discounted cash flows. The pronouncements of professional accounting bodies. Study of contemporary issues in financial accounting.
Focuses on development and evolution of the internal auditing profession; scope and objectives of internal auditing; standards of professional practice; control concepts; techniques of internal auditing; internal auditing and internal control. Topics of coverage also include the internal audit process; developing and executing the audit plan; reporting and communication of internal audit findings; managing internal audit departments and quality assurance; internal auditor's independence; relationships between internal and external auditors and audit committees; ethics in internal auditing; distinguishing the types of audits, including financial, operational, efficiency, and management audits; risk-based versus compliance audits; and the impact of automation and digitalization in internal auditing.
Pre-Requisites: ACCT210
Develops basic skills required for a structured analysis of financial statements; forecasting of income and cash flows; pro-forma financial statements; firm valuation using discounted cash flows and discounted residual income methods; comparative valuation analysis, and credit analysis. The course also covers the study of the potential effects of International Financial Reporting Standards (IFRS) financial statement analysis, valuation techniques and outcomes, and Concepts of earnings quality and management of earnings.
Pre-Requisites: ACCT210
Provides a study of the fundamentals, rules, and objectives of taxation under Saudi Arabian tax and zakat regulations. Equips students with the skills necessary to compute and assess income tax and zakat base for business entities. In addition, students become familiar with the business income tax and zakat rates, and the General Authority of Zakat and Tax (GAZT) functions.
Pre-Requisites: ACCT210
Introduces students to international taxation. Topics of coverage include tax principles and rationale for taxation; corporate income tax; direct and indirect income tax; Value Added Tax (VAT); corporate income tax and zakat in KSA; international taxation. Legal & ethical issues will be considered.
Pre-Requisites: ACCT210
Emphasizes contemporary topics in strategic cost management through an understanding of the underlying concepts and fundamental techniques involved in cost accounting for manufacturing and service companies. Stresses on how cost management systems, with their performance evaluation and reward systems, encourage efforts to achieve an organization’s strategic goals. Topics include activity-based costing; decision making; pricing and profitability analysis; the balanced scorecard and performance management, joint and common cost allocation; cost of quality and continuous improvement; responsibility accounting, performance measurement and reward systems; transfer pricing and capital investment decisions.
Pre-Requisites: ACCT210
Examines advanced and contemporary issues in cost management and management control with emphasis on industrial and business practices. Topics of coverage includes behavioral and organizational foundations of managerial accounting; strategic cost management; operational efficiency and business process performance; planning, budgeting and forecasting; performance management; responsibility centers and performance measures; decision analysis and risk management; quality and environmental cost management; and cost and management accounting practices. Uses case studies with ethical considerations for managerial accounting.
Pre-Requisites: ACCT410
Accounting practices in the petroleum industry. Overview of the industry with a detailed focus on certain aspects of the Successful Efforts the Full Cost Methods of accounting. Oil and gas reserves, the standardized measure, supplemental disclosures, and depreciation, depletion, and amortization of exploration and development costs. Financial statement presentation issues will be analyzed to gain an appreciation for the unique impact of generally accepted accounting principles in the petroleum industry.
Familiarize students with accounting practices in the Oil & Gas industry. Provide an overview of the industry with a detailed focus on certain aspects of the Successful Efforts and the Full Cost Methods of accounting. Petroleum accounting issues specific to the industry are also discussed. Topics covered include oil and gas reserves, the standardized measure, supplemental disclosures, and depreciation, depletion, and amortization of exploration and development costs. Financial statement presentation issues are analyzed to gain an appreciation for the unique impact of IFRS in the petroleum industry.
Pre-Requisites: ACCT301
This is the first of two courses for the multidisciplinary, capstone project. Multidisciplinary teams will be formed, projects will be defined, and project management discussed.
Execution and presentation of what have been formed and planned in ACCT 478.
This course is an independent research course for students undertaking the CX in undergraduate research. An undergraduate thesis is a substantive piece of research-oriented creative work demonstrating mastery over the discourse of one semester in professional field. A thesis requires students to formulate the main hypothesis and research questions, maintain research integrity and be aware of research misconducts, and acquire skills of identifying research gaps in literature. Students will develop their scientific writing skills to report their preliminary research findings in a research proposal. Such proposal must be planned and completed under the supervision of a faculty (advisor) and, at the advisor’s discretion and department approval, may be reviewed by an additional co-advisor. Student will have to present to a committee his/her research plan and hypothesis in the thesis proposal.
Topics and issues to be advised, covering contemporary developments in financial and managerial accounting, such as corporate financial reporting, strategic management accounting, management control systems and regulation of financial reporting.
Pre-Requisites: ACCT210
This is an independent research course focused on making research contributions and presenting the results in a thesis for students undertaking the CX in undergraduate research. In this course, students will refine their thesis proposal in previous thesis course and work closely with the advisor to demonstrate their research findings over one semester in a professional field. This requires students to ensure the novelty and originality of the idea, conduct extensive research to validate the main hypothesis and research questions, and have the skills needed to write the thesis and prepare the research results for the proper venue for possible publication. Students will learn to develop their professional communication skills to defend their thesis in front of an independent scientific committee and possibly to deliver speech in a research symposia.
Contemporary developments in financial and managerial accounting, such as corporate financial reporting, strategic management accounting, management control systems and regulation of financial reporting.