Page 149 - University Bulletin

ACC315 Financial Measurement and Disclosure 2
Credits: 3 (3,1,0) Prerequisites: ACC213
This course is the second part of Financial Measurements and Disclosure. This is a highly technical
course on financial accounting and is solely intended for students who plan to work in accounting.
The primary objective is to teach financial reporting standards for liability and equity activities.
More specific topics are to help students develop useful skills and techniques as well as to gain an
appreciation for accounting in general. Other topics for this course include revenue recognition,
financial reporting standards for liabilities and owners’ equity, accounting for pensions and post-
retirement benefits, lease accounting, accounting changes and errors, statement of cash flows,
and the full disclosure principle. Due to the international nature of Saudi Arabia’s industries, both
International Financial Reporting Standards (IFRS) and United States’ Generally Accepted
Accounting Principles (GAAP) will be used.

ACC317 Corporate Reporting and Governance
Credits: 3 (3,1,0) Prerequisites: ACC315
This course aims to introduce to students various types of combinations that corporations might
be interested to participate in order to create synergy and competitive advantages. It exposes
students with the application of relevant international financial reporting standards in the
preparation of the consolidated financial statements for the group of companies. This course
strengthens the students’ level of understanding on the financial performance of the companies
in order to be able to provide meaningful interpretation and analysis to the users of accounts. It
also emphasizes students on the role of accountants and the importance of becoming highly
ethical and maintaining professionalism when carrying out their duties.

ACC339 International Public Sector Accounting Standards
Credits: 3 (3,0,0) Prerequisites: ACC315
This course offers a broad introduction to the field of financial reporting for public sector entities.
IPSAS standards were developed to improve the quality of general-purpose financial reporting by
public sector entities, leading to better-informed assessments of the resource allocation decisions
made by governments, thereby increasing transparency and accountability. This course will equip
students with relevant understanding and knowledge about financial reporting in the public
sector. It is very important for students who are planning to work with the government or any
public sector entities as the Kingdom may potentially adopt IPSAS for its governmental reporting
as the standards are considered as good practice to ensure effective resource allocation for
governmental decision-making.

ACC348 Auditing and Assurance
Credits: 3 (3,0,0) Prerequisites: ACC213
This course provides a detailed overview of auditing and professional practice. It introduces the
assurance and auditing services in the audit profession. Next, there is discussion of professional
ethics and legal liability issues for auditors. The remainder of the course focuses on the major
issues associated with financial statement audits, including audit planning, audit evidence, tests
of controls and substantive testing.

137 PSU UNDERGRADUATE BULLETIN