The Department of Accounting offers B.Sc. Accounting (Special) Degree for the students those who successfully complete its Degree Program. The total number of credit hours required for graduation is 126 credit hours. in the common program in year one 31 credit , and 95 more credit hours during the next three years of study from year two to year four. All lectures are conducted only in English medium during all four years of the Degree Program. However, the students can sit for examinations either on Sinhala or English upon their preference during the first year.
First Year -Management Common Program
All students enrolled in the Faculty of Management Studies and Commerce,except for some exceptions in the case of the B.Sc. Public Management (Special) Degree Program, are required to follow a common curriculum in management in the first year of study, before they are selected to the Department of Accounting. This is intended to provide the core business knowledge by teaching basic concepts in all functional areas in business.
Curriculum of the Common Program
The structure of the common program is depicted in Table 1.2.
Table 1.2: Structure of the Common Program
* PUB 1341 Political Science is offered in the B.Sc. Management (Public) (Special) Degree Program instead of courses PUB 1240 Socio Political Environment and COM 1240 Legal Environment.
** EMV 1040 and EMV 1041 Soft Skills Development are offered only in the B.Sc. Estate Management and Valuation (Special) Degree Program.
*** COM 1341 Microeconomics and COM 1342 Financial Accounting are o‑ered in the B.Com (Special) Degree Program instead of BEC 1340 Microeconomics and ACC 1340 Financial Accounting.
Description of courses
A short description of each course offered in the common program is provided below
BUS 1340: PRINCIPLES OF MANAGEMENT
This is an elementary Course. It aims to provide a comprehensive introduction to the key elements of an organisation, its environment and the process of Management. Along with an introduction to historical evolution of Management, the Course will facilitate you to gain a basic knowledge of the concepts, models and the theoretical foundations of Management. Therefore, knowledge gained through this Course will be beneficial for you to follow your Degree program successfully.
DSC 1340: BUSINESS MATHEMATICS
This course, which is the first course in Mathematics, introduces students to basic principles, laws and rules necessary to develop an overview of application capabilities of the subject matter in the field of business and economics. The course covers functions, differentiation of functions, maxima and minima of functions, partial derivatives, integration, and area under curve and between curves and mathematics of finance. The course also includes the applications of differentiation and integration in business and economics. Under the applications of differentiation, topics such as profit maximization, cost minimization, elasticity of demand, and marginal analysis are discussed. The major topics covered under applications of integration include marginal revenue and marginal cost, consumer’s surplus, producers’ surplus, total change in revenue, etc.
ITC 1340: INTRODUCTION TO INFORMATION TECHNOLOGY
This is an introductory level course consisting of both basic theory and practice relating to information Technology. The theoretical module includes: Introduction to Computers, Computer Hardware, Computer Software, Internet and the World Wide Web and network and Internet Security. The practical module provides the knowledge and operational skills on word processing software, spread sheet software which are frequently used in an organizational environment.
PUB 1240: SOCIO-POLITICAL ENVIRONMENT
Socio-political environment and profit-oriented businesses are inter-dependent. In one hand, businesses are influenced by the social and political forces while on the other hand, socio-political environment is influenced by the businesses. Accordingly, this introductory course unit is designed for the Management undergraduates to gain fundamental understanding about social and political environment in which every business operates. As prospective professionals and citizens who will interact with the societal and political institutions, it is necessary for an undergraduate to learn civic, social and political dimensions. This course facilitates learners to identify and respond to various social trends and changes in the political milieu, focusing on the substance of culture, socialization, social trends, social institutions, government, democracy, and interactions between different agents in the society. Further, it discusses the government mechanism which is currently being practiced in Sri Lanka.
COM 1240: LEGAL ENVIRONMENT
This course is intended to help undergraduates attain a basic understanding of the legal system in Sri Lanka particularly as it relates to business organizations. Undergraduates must be able to appreciate the very effect of areas of law in their work and what they must be ready for as they encounter legal issues and business formation issues throughout their career.
BCC 1340: BUSINESS COMMUNICATION I
This course aims to help students reach the level of Band 4/5 of the UTEL. Upon completion of the course, students should be able to construct both simple and complex sentences accurately, express their views meaningfully in brief discussions and telephone conversations, obtain required information from auditory texts, read and extract information in texts for a variety of purposes, write short texts and business letters.
PUB 1341: POLITICAL SCIENCE
This course is designed to provide the students with an understanding of the political environment within which a manager/ administrator works and to enable them to appreciate the various political factors affecting their behavior. The major topics covered include both general theoretical concepts of nation, state, rights, liberty and equality as well as the ‘political institutions’ with special reference to Sri Lanka. Attention is paid to constitutional developments in Sri Lanka as well as to the evolution of party and electoral politics.
EMV 1040: SOFT SKILL DEVELOPMENT
Objective of this course is to support new students to settle themselves in the university learning environment and to familiarize with the culture of the department and the study program.
HRM 1340: HUMAN RESOURCE MANAGEMENT
An obvious interdependence exists between our society and organizations that produce goods and services in order to fulfill our needs. The standards of living and even survival of people in society depend on the goods and services of the organization. Thus, any society/nation wants organizations that need people to achieve organizational objectives. Human Resource Management (HRM) is managing these people in organizations. The main objective of this course is to provide a systematic and rational understanding of HRM, both conceptual understanding and job-oriented practical understanding. It focuses on a systematic and scientific approach to the analysis and handling of issues/problems in HRM with especial reference to the Sri Lankan context. The main areas covered are: introduction to HRM, organization of the HR Department, job design, job analysis, human resource planning, recruitment, selection, hiring and induction, performance evaluation, pay management, training and development, employee movements, disciplinary administration, safety, health and welfare administration, grievances handling and management of labour relations.
DSC 1341 : BUSINESS STATISTICS
This course provides an introduction to the fundamental concepts, principles and methods of Business Statistics. The topics include descriptive techniques, probability theory, probability distributions and inferential techniques. The major topics discussed under descriptive techniques include data collection, presentation and organisation and statistical summary measures. Three important theoretical distributions, namely, Binomial, Poisson and Normal distribution are discussed under probability distributions. The major topics under inferential techniques include sampling and sampling distributions, estimation and hypothesis testing.
BEC 1340: MICROECONOMICS
This course is designed to introduce economic theories and tools and methods of analysis that are useful in the study of various economic issues and in business decision-making. It covers intermediate theory of demand and supply, theories of consumer behaviour and production, various market structures, factor market for labour, general equilibrium and welfare.
ACC 1340: FINANCIAL ACCOUNTING
This course enables students to understand financial accounting and reporting environment, the principles and concepts of financial accounting, and the accounting process encompassing the preparation of financial statements of corporate entities and partnerships. The following study areas are covered: accounting environment; role of corporate governance and ethics in accounting; conceptual framework for financial reporting; overview of regulatory framework for financial reporting in Sri Lanka; preparation and presentation of financial statements of companies inclusive of groups of companies under a simple group structure, accounting for property, plant and equipment, leases, liabilities and equity, and revenue recognition based on applicable Sri Lanka Accounting Standards (LKAS and SLFRS); application of LKAS and SLFRS for small-medium scale entities (SMEs); accounting for dissolution and conversion of partnerships into limited liability companies; overview of social responsibility accounting; and analysis and interpretation of financial statements of companies using ratios. The Accounting subject of GCE (Advanced Level) will provide the foundation for this course.
BCC 1341: BUSINESS COMMUNICATION II
This course aims to help students reach the level of benchmark Band 5/6 of the UTEL. is course introduces the students to language skills required in different business situations. Upon completion of this course, students should be able to participate in business meetings confidently and effectively, communicate effectively in a variety of situations, take down notes from auditory texts, read and respond to texts for a variety of purposes, write short formal texts and business letters, and use presentation techniques effectively and make brief presentations.
COM 1341: MICROECONOMICS
Microeconomics is concerned with the behaviour of individual economic units and their interactions. This course unit is designed to provide the students with theoretical and analytical knowledge to analyse the behaviour of individual economic units of an economy. It covers the intermediate theory of demand and supply, theories of consumer behaviour and production, various market structures, the factor market for labour, general equilibrium and welfare.
COM 1342: FINANCIAL ACCOUNTING
This is an introductory level course which provides the knowledge on the concepts and techniques for financial reporting. The topics included are; analysis of financial statements, accounting environment, accounting for partnership, joint ventures, hire purchase, leases, basic level consolidated accounts and novelties in financial accounting.
EMV 1041: SOFT SKILL DEVELOPMENT
Objective of this course is to direct new students towards their study areas enabling them to design their study plans and targets.