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ACCOUNTING
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ACCT
201 |
Principles
of Accounting I |
(
2-2-3
) |
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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. |
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Prerequisites:
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Sophomore
standing, |
MIS
101, MATH 132 |
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ACCT
202 |
Principles of Accounting II |
(
2-2-3
) |
|
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. |
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Prerequisite: |
ACCT
201 |
|
|
ACCT
300 |
Accounting
Information Systems |
(
3-0-3
) |
|
Principles
and concepts of providing information support for managerial activities
in the functional areas of logistics, marketing, personnel, and finance.
Internal control in manual and computerized
accounting systems. Design and implementation of accounting
systems with emphasis on decision support systems, expert systems, and
local area networks. Utilization of computerized
general ledger packages. |
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Prerequisite: |
MIS
102, ACCT 202 |
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ACCT
301 |
Intermediate
Accounting I |
(3-0-3) |
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Objectives
of financial statements, and their preparation. In-depth
study of generally accepted accounting principles with concentration on
the valuation techniques and procedures underlying the financial
statements. Accounting for current assets and
current liabilities. Accounting for
acquisition and disposition of plant assets including depreciation and
depletion. Accounting for intangible assets.
Computer applications in financial accounting. |
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Prerequisite: |
ACCT
202 |
|
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ACCT
302 |
Intermediate
Accounting II |
(3-0-3) |
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In-depth
study of stockholders' equity including issuance and reacquisition of
capital stock, dividends and retained earnings. Accounting
for short-term and long-term investments in securities. Advanced
study of cash flows, price level adjustments, capital leases, and
interpretation and analysis of financial statements. Comprehensive
study of ethics in accounting.
Advanced
computer applications in financial accounting. |
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Prerequisite: |
ACCT
301 |
|
|
ACCT
305 |
Accounting
for Governmental and Non-Profit Entities |
(3-0-3) |
|
Basic
accounting concepts and techniques for governmental operations including
fund accounting. Financial reporting and disclosure
problems of governmental and non-profit organizations. Budgetary
control procedures for governmental and non-profit entities such as
universities, hospitals, and charities.
Computer
applications in governmental and non-profit accounting. |
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Prerequisite: |
ACCT
301 |
|
|
ACCT
304 |
International
Accounting |
(3-0-3) |
|
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. |
|
Prerequisite: |
ACCT
302 or Departmental Approval |
|
|
ACCT
351 |
Accounting
Cooperative Work |
(
0-0-9
) |
|
Twenty-eight
(28) weeks of accounting practical training in a selected economic
organization. The Department of Accounting and Management Information
Systems approves the training program and monitors the student's
progress during his coop period. Under the supervision of an accounting
faculty member or a faculty member in a related discipline, the student
writes an analytical report about his coop experience. |
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Prerequisite: |
Senior
Standing, ACCT 300, 302, 305, 401, 402, FIN 302 |
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|
ACCT
401 |
Cost
Accounting |
(
3-0-3
) |
|
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. |
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Prerequisite: |
ACCT
202 |
|
|
ACCT
402 |
Managerial
Accounting |
(
3-0-3
) |
|
Behavioral
and organizational foundations of managerial accounting. Managerial
accounting concepts applicable to planning, controlling, and
decision-making. Deterministic and
probabilistic models of cost-volume-profit analysis. Budgetary
planning and control systems. Relevant cost analysis for decision
making. Responsibility accounting and performance
evaluation. Transfer pricing.
Computer
applications in managerial accounting. |
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Prerequisite: |
ACCT
202 |
|
|
ACCT
403 |
Advanced
Accounting |
(
3-0-3
) |
|
Advanced
study of accounting principles and procedures related to business
combinations. Methods and techniques for preparing consolidated
financial statements. Receiverships and statement of
affairs. Accounting for formation, operation,
and liquidation of partnerships. Accounting
for branches, consignments, and joint-ventures. Zakat
and Saudi Tax accounting.
Computer
applications in advanced accounting. |
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Prerequisite: |
ACCT
302 |
|
|
ACCT
404 |
Auditing |
(
3-0-3
) |
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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. Audit of
Electronic Data Processing (EDP) systems; uses of the computer as an
audit tool. Utilization of generalized audit
software packages. |
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Prerequisite: |
ACCT
300, ACCT 302 |
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ACCT
405 |
Accounting
Theory & Research |
(
3-0-3
) |
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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. In-depth
study of the pronouncements of professional accounting bodies.
Study
of contemporary issues in financial accounting. |
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Prerequisite: |
ACCT
300
, ACCT 302 |
|
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ACCT
406 |
Internal
Auditing |
(
3-0-3
) |
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Scope
and objectives of internal auditing. Internal
auditing and internal control. Internal
auditor's independence. Ethics in internal
auditing. Standards of internal auditing.
The internal audit process. Financial
audits; operational, efficiency, and management audits; compliance
audits. Computer applications in internal
auditing. |
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Prerequisite: |
ACCT
404 or Departmental Approval |
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