DEPARTMENT OF ACCOUNTING

Credits needed for the degree

A student majoring in accounting needs to earn a total of 128 credits distributed as follows.

The accounting Major consists of a total of 65 credits as in the following schedule.

MAJOR IN ACCOUNTING

Students majoring in accounting are provided the opportunity to minor in a discipline other than their major field. A student may take a minor program consisting of 18 credits in the humanities, sciences, or social sciences. A student may also take any minor offered by the faculty of business such as management, marketing, finance or economics.

The University requirements for all business students total 34 credits instead of 40. The Mathematics requirement is met by BUSM 101 and the Economics requirement by ECON 101 or 102.

Criteria for acceptance to major

Students are accepted to major in accounting after their third semester provided that they have earned at least 40 credits and that all of the following conditions are met:

1. Minimum overall cumulative GPA of 1.90
2. Minimum major cumulative GPA of 2.00
3. Completion of at least one course of the major courses mentioned above
4. Completion of English 120 and English 121
5. Completion of BUSM 101, BUSA 227, and ACCT 201.

Paradigm of courses

BACHELOR OF BUSINESS ADMINISTRATION IN ACCOUNTING

Minors offered by the accounting department

In addition to the Major in accounting, the accounting department provides the opportunity for all business students to join the program towards a minor in accounting. To earn this minor, students are required to successfully complete all of the following accounting courses (a total of 18 credits).

MINOR IN ACCOUNTING

Description of courses

ACCT 201 Principles of Accounting I (Cr. 3)

This course is an introduction to financial accounting concepts and to techniques involved in the communication of relevant financial information. It provides a description of the uses of accounting information for decision-making purposes.

ACCT 202 Principles of Accounting II (Cr. 3)

This course is a continuation of the concepts and techniques covered in ACCT 201. In addition, some of the concepts and techniques that are used in accounting for manufacturing firms are introduced and applied. Prerequisite: ACCT 201

ACCT 288 Internship I (Cr. 1)

The aim of this course is to give students a chance to practice in outside companies, get to know the real business life and be trained on the accounting cycle in the local community. The practice will last for 6 weeks.

ACCT 301 Intermediate Accounting I (Cr. 3)

An in-depth study of the accounting theory underlying financial statements, the balance sheet, income statement and statement of cash flows, incorporating recent related professional pronouncements are covered. This course concentrates on the major balance sheet accounts including cash, receivables, marketable securities and inventories. Prerequisite: ACCT 202

ACCT 302 Intermediate Accounting II (Cr. 3)

This course is a continuation of the study of balance sheet accounts, long-lived assets (acquisitions, disposal and valuation, depreciation and depletion), intangibles, liabilities, stockholders' equity, statement of cash flows, income tax allocation and other special topics in financial accounting. Prerequisite: ACCT 301

ACCT 303 Cost Accounting (Cr. 3)

This course involves an introduction to the principles and practices of cost accounting, as related to the cost accounting cycle of a job-order-cost system and process cost accounting. Emphasis will also be given to the analysis of budgets and standard costs. Prerequisite: ACCT 202

ACCT 304 Principles of Auditing (Cr. 3)

Generally accepted auditing standards, audit objectives and procedures, application to audit of major balance sheet accounts, professional ethics and responsibilities, internal control, audit programs, work paper and reports are covered. Prerequisite: ACCT 302

ACCT 305 Managerial Accounting (Cr. 3)

This course is concerned with introductory and problem materials designed to provide an understanding of accounting measurements and an appreciation of the ways in which manager’s use accounting data. Emphasis is placed on the analysis of cost-volume profit decisions, the use of standard costs and flexible budgets, and the evaluation of management to performance. Prerequisite: ACCT 302

ACCT 306 Taxation (Cr. 3)

It consists of two phases: first, income tax problems and issues in the West Bank and East Jerusalem in addition to the calculation of the VAT and to the application of all related legislation and second, income tax planning so as to legally minimize the tax burden in the West Bank and East Jerusalem. Prerequisite: ACCT 202

ACCT 307 Accounting Information System (Cr. 3)

This course includes transaction processing, reporting, and decision-making systems of most organizations as well as integration of data processing elements with the managerial activities within the decision-making and organizational framework of the organizations. The objective of this course is to expose students to the elements that constitute an accounting system and the theory upon which a system should be designed and organized. Prerequisite: ACCT 202 and BUSA 227

ACCT 308 Advanced Financial Accounting (Cr. 3)

Accounting concepts for treating partnership formation and dissolution, (branch accounting, business combinations and consolidation of parent and subsidiary companies) are covered. Prerequisite: ACCT 302

ACCT 309 Government and Fund Accounting (Cr. 3)

This course deals with accounting for non-profit-organizations, concepts and procedures, adequate accounting and financial reporting practices by cities, other government units, and other non-profit organizations as a basis for evaluating the extent of such problems and suggested solutions. Prerequisite: ACCT 302

ACCT 389 Senior Seminar (Cr. 1)

This course is designed to provide senior business students with an opportunity to conduct a seminar integrating two or three topics in the student's area of concentration. Each student must give an oral presentation. Faculty members will assist as coordinators or resource consultants. The written research paper must be presented to the Faculty of Business. Required of and restricted to all accounting majors in the last term of their senior year.

Academic Programs

Degree Requirements

• Arabic
• English
• Humanities
• Religious Studies
• Social Sciences
  

Faculty of Business Administration

• Accounting
• Business Administration
• MICAD - Master in International Cooperation and Development
  

Faculty of Education

• Teacher Preparation Programs
• Rehabilitation Studies
  

Faculty of Nursing

• Nursing Program
• Registered Nurse Program
• Midwifery Program
• Neonatal Nursing Program
  

Faculty of Science

• Biology
  • Master Program in Biotechnology
• Chemistry
• Mathematics
• Information Sciences
  

Institute of Hotel Management and Tourism

• Travel Agency Management
• Tour Guiding