Page 44 - University Bulletin

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ACC 224 Strategic Cost Analysis
Credit hours: 3 (3,1,0) Prerequisite: ACC 222
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 to gain an appreciation for
accounting in general.

ACC 317 Corporate Reporting and Governance
Credit hours: 3 (3,1,0) Prerequisite: ACC 315
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.

ACC 339 International Public Sector Accounting Standards
Credit hours: 3 (3,0,0) Prerequisite: ACC 315
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.

ACC 356 Zakat and Tax Accounting
Credit hours: 3 (3,0,0) Prerequisite: ACC 213
This course introduces relevant laws governing individual income taxation and Zakat. It
introduces the Zakat Collection and Tax Law of the Kingdom of Saudi Arabia (KSA). The course
includes training on how to prepare Zakat and Tax returns. The major goal of the Islamic law of
obligatory alms (Zakat) at degree level is to introduce candidates to the Islamic religious taxation
and legal foundations and basics of the subject. The Islamic law of obligatory alms or Zakat law is
law that includes legal aspects, which regulate the imposition, calculation and subjects of
taxation. The major function of the course therefore, is to provide a sound understanding of how
Zakat law evolved and developed, and to critically examine the significance of this law in the
hierarchy of branches of Islamic law practices.