Page 43 - University Bulletin

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CBA COURSES

ACCOUNTING
Course Description
* Credit hours (lecture, tutorial, lab)

ACC 111 Foundations in Financial Accounting
Credit hours: 3 (3,1,0) Prerequisite: None
This is an introductory course with the objective to provide the students with broad knowledge
of financial accounting concepts. This course introduces the basic accounting concepts, the
operation of accounting system, and interpretation of financial statements in business firms.
Topics covered include the need of accounting information, concepts underlying the preparation
of financial statements in business firms, the accounting cycle, and other measurement and
disclosure issues.

ACC 222 Foundations in Managerial Accounting
Credit hours: 3 (3,1,0) Prerequisite: 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 on 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.

ACC 213 Financial Measurements and Disclosure 1
Credit hours: 3 (3,1,0) Prerequisite: ACC 111
The purpose of this course is to provide students with 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 non-current 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 statement 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.

ACC 315 Financial Measurements and Disclosure 2
Credit hours: 3 (3,1,0) Prerequisite: ACC 213
This course is the second part of the 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.