Page 148 - University Bulletin

Courses A-Z (Alphabetical Index)
Course Structure Format
Course listings follow the format: total credit hours, followed by weekly lecture, tutorial, and lab hours.
Example: 4 (3, 1, 2) (lecture, tutorial, lab)
This means the course carries 4 credit hours, with 3 lecture hours, 1 tutorial hour, and 2 lab hours per week.

Level Standings
Course listings may include prerequisites such as Junior Level Standing or Senior Level Standing. These
classifications are based on the number of successfully completed credit hours:
• Junior Level Standing: Granted upon completion of at least 60 credits (CAD and CE) or at least 70 credits (CCIS).
• Senior Level Standing: Granted upon completion of at least 90 credits (CAD and CE) or at least 100 credits (CCIS).
This classification is used as a prerequisite to indicate that students must have completed the required
number of credit hours before enrolling in certain courses.

ACC111 Foundations in Financial Accounting
Credits: 3 (3,1,0) Prerequisites: None
This is an introductory course with the objective of providing the students with broad knowledge
of financial accounting concepts. This course introduces the basic accounting concepts, the
operation of the accounting system, and interpretation of financial statements in business firms.
Topics covered include the need for accounting information, concepts underlying the preparation
of financial statements in business firms, the accounting cycle, and other measurement and
disclosure issues.

ACC213 Financial Measurement and Disclosure 1
Credits: 3 (3,1,0) Prerequisites: ACC111
The purpose of this course is to provide students with a deep understanding of the conceptual
framework of financial reporting, the basic concepts underlying the preparation of financial
statements, reporting and other issues related to current and noncurrent assets. Classification and
presentation requirements of income statement and statement of financial position. In this
course, the necessity of proper disclosure is emphasized. The students will learn the preparation
of financial statements in line with the IFRSs framework so that they will be ready to meet the
market requirement as Saudi Arabia adopts IFRSs for non-financial companies from the year 2017.

ACC222 Foundations in Managerial Accounting
Credits: 3 (3,1,0) Prerequisites: None
This course is an introduction to managerial accounting and cost concepts. In addition to the study
of the accounting cycle of manufacturers, it emphasizes the recording of business transactions
relating to the manufacture of inventory and the preparation of financial statements. Emphasis is
also placed on the analysis of cost behavior, budgeting concepts, standard cost systems and
variance analysis, and the use of accounting information to make decisions.

ACC224 Strategic Cost Analysis
Credits: 3 (3,1,0) Prerequisites: ACC222
This course focuses on accounting for costs and other financial variables within a firm. This is a
highly technical course on costing, thus revolves around costs, cost measurement, cost allocation,
cost management, cost analysis, and other cost-related topics. The purpose of this course is to
train and prepare students for a career in accountancy. This course’s primary objective is to teach
and prepare cost accountants for the community and region. More specific topics help students
develop useful skills and techniques as well as gain an appreciation for accounting in general.

136 PSU UNDERGRADUATE BULLETIN