Second -Fourth Years -Accounting specialization

The students who are selected for the Department will start specializing in the area of accounting from the second year on wards.

Second Year

Curriculum of the Second Year

 

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BEC 2340: MACROECONOMICS

This course intends to provide students with the basic understanding of the aggregate economic system: concepts of aggregate demand and supply, national income and product measures, consumption and investment, supply side economics and its applications, the government’s role in an economy, use of fiscal, monetary, and exchange rate policies to guide the economy, employment and inflation.  It also encompasses macroeconomic analysis both in a closed and open economy, income-expenditure, IS-LM model and modern approaches.

FIN 2340: FINANCIAL MANAGEMENT

This course provides an introductory level understanding of a range of major concepts and techniques in Financial Management. This course is offered to the undergraduates reading for all degrees in the FMSC. The content of the course covers an introduction to financial management, analysis and interpretation of financial statements, financial environment, time value of money, risk and return, security valuation, cost of capital, capital budgeting, capital structure, dividend policy and working capital management.

MAR 2340 : MARKETING MANAGEMENT

This is an introductory course on basic concepts and theories of marketing management. It familiarizes students with the marketing discipline. The course provides understanding of the nature and scope of marketing which includes marketing philosophies, the theoretical perspective of marketing strategies and analysing marketing opportunities.

DSC 2340 : OPERATIONS MANAGEMENT

This course, which is the first course in Operations Management, introduces the students to key concepts, principles and design techniques that are essential to develop an appreciation of their uses in the field, and their interactions and relationships with parallel management activities in order to cultivate a general understanding of the field as a totality. Major topics include operations strategy and competitiveness, product design and process selection, total quality management, capacity management, layout planning, job design, work measurements, supply chain management, inventory control, business process reengineering and manufacturing and service strategy.

ACC 2340: MANAGEMENT ACCOUNTING

This introductory level course provides basic knowledge and skills in relation to management accounting. It will enable students to understand salient principles, concepts and practices in management accounting as well as to develop requisite skills. The areas covered are: overview of management accounting; cost concepts; classifications and estimation; cost assignment; costing methods; cost-volume-profit (CVP) analysis; short-term decision making; capital investment decisions; budgeting; and standard costing. 

ACC 2341: COMMUNICATION SKILLS AND ACADEMIC WRITING FOR INTERN ACCOUNTANTS

This course unit is designed with the intention of upgrading the communication skills of the students with a specific focus on academic writing. It focuses on improving reading, writing, listening and speaking skills of accounting students required for both professional and academic purposes. An interactive approach is adopted in the delivery of the course.

ACC 2342: ADVANCED FINANCIAL ACCOUNTING

This course enables students to understand advanced theoretical concepts and techniques of financial accounting and reporting relating to corporate entities including groups of companies. The areas covered are: financial reporting environment; role of corporate governance and ethics in financial reporting; relationship between the conceptual and regulatory frameworks of financial reporting; regulatory framework for corporate financial reporting in Sri Lanka; preparation and presentation of financial statements of companies inclusive of groups of companies under complex group structures, fair value based measurement, accounting for intangible assets, impairment of assets, financial liabilities and equity, investments in associates and joint ventures, segment reporting by diversified groups, and disclosures on related party transactions based on applicable Sri Lankan Accounting Standards (LKAS and SLFRS); global perspectives on corporate social responsibility reporting; and analysis and interpretation of financial statements of a group of companies using financial ratios. 

ACC 2343: INTERMEDIATE MANAGEMENT ACCOUNTING

This is a bridging course unit to advance students from the introductory course unit to advanced course unit in management accounting. This course unit discusses some further aspects of management accounting concepts, techniques and practices. The areas covered include  activity based costing (ABC); cost estimation; costing methods; advanced aspects of CVP analysis; capital investment decisions; pricing decisions and profitability analysis; budgeting; standard costing; recording cost transactions; management accounting techniques, and introduction to sustainability management accounting. 

COM 2343 :  CORPORATE LAW

This  course  is  designed  to  acquaint  the  student  with  legal  principles,  statutory  controls,  rules  and  regulations  governing  companies,  securities  such  as  stocks,  bonds  and  unit  trusts  in   Sri  Lanka  and  to  enable  the  students  to  apply  that  knowledge in  different  situations. The  major  topics  covered  in  the  course  include  law of agency, partnership and legal  basis  of  corporate  existence,  formation  of  a  company,  share  capital  and  debentures,  corporate  governance,  securities  and  market  and  relevant  statutes  and  circulars. The students are expected to be familiar with the provisions in the Companies Act No. 07 of 2007 and be able to apply them to corporate legal issues.

ACC 2344: COMPUTER BASED ACCOUNTING

This specialized course provides a comprehensive theoretical and practical knowledge in the application of a selected accounting software such as Sage 50 in business data processing with a view to producing financial statements for both internal and external users of accounting information and to generate reports that will be of value for managers in the decision making process. This course provides students the knowledge of creating the general ledger in order to structure the accounting process and hands on experience of codifying accounts appropriately and entering transactions into the accounting system through various modules namely general ledger, creditors, debtors, general ledger, inventory, payroll, fixed assets and budgets. Furthermore, the students are provided exposure to job costing using accounting software and to interpret the accounting reports. The integration of all the modules in the accounting system and personalization of accounting systems to suit the information needs of different types of organizations are also covered

BUS 2341: ORGANIZATIONAL BEHAVIOUR

This is an elementary course that basically deals with understanding human behaviour in organisation. It involves individuals, groups, and organisational processes. It recognizes the fact that human beings are complex. The same person’s behaviour changes in different situations. Two people are not alike and often act very differently in the same situation. This complexity limits our ability to make simple predictions of human behaviour. Therefore, a systematic approach is required to understand human behaviour at work. The basis for using the systematic approach to study human behaviour in organisation is the belief that behaviour is not random and that we can offer reasonably accurate explanation and prediction of human behaviour in organisation.

In this background, the contents of this course address the key issues and the dynamics of individuals and group behaviour in the organisational context. Thus, the students who follow this course will be able to gain systematic knowledge and understanding about behaviour of individuals, and groups, as well as about organisational processes from a broader perspective and it offers a specific insight to improve managerial attitudes and dispositions in comprehending, predicting, and effectively managing human behaviour at work.