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

Second -Fourth Years -Accounting specialization

MAR 2323: Marketing Management

This course aims to create awareness and understanding of the basic theoretical concepts of marketing, thereby broadening students’ knowledge to identify its practical application in the Sri Lankan context. The following study areas are covered: defining marketing and the marketing process; capturing market insights; designing a customer – driven marketing strategy; designing marketing programmes and sustainable marketing.

HRM 2320: 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.

BEC 2320: Macroeconomics

This course intends to give students a basic understanding of the aggregate economic system. It deals with 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

ACC 2322: Advanced Financial Accounting

This course enables students to understand advanced theoretical concepts and techniques of financial accounting and reporting focusing on the preparation of financial statements of corporate entities including groups of companies. The following study areas are covered: 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 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 2321: Communication Skills and Personal Development

This course is designed to upgrade the English language and soft skills of the students, and develop their personalities. The course consists of two components:communication skills and personal development. The communication skills component focuses on improving writing and presentation skills in English, while personal development component focuses on the development of leadership, management capability and teamwork skills, positive thinking, and instilling business ethics. An interactive approach is adopted in the delivery of the programme.

FIN 2321: Financial Management

This course provides an introductory level understanding of a range of major concepts and techniques in Financial Management. This course is commonly 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, security valuation, risk and return, cost of capital, capital budgeting, capital structure, dividends and working capital management.

COM 2323: Commercial Law

This course introduces fundamentals of commercial law as related to commercial sector in Sri Lanka and enables the students to acquire basic knowledge to understand and deal with commercial issues with legal indications. The areas covered are law of contract, law of partnership, law of sale of goods, law of agency, law of insurance, consumer protection law, Intellectual property law, bill of exchange law, law of consumer credit, and introduction to industrial law.

DSC 2322: Operations Management

This course, 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 2320: Cost and Management Accounting

This introductory level course provides students with a basic knowledge and skills pertaining to cost accounting and management accounting. The following study areas are covered: overview of cost and management accounting; cost concepts; elements and classification of cost and revenue; analysis of overheads using traditional and activity based approaches; costing methods; short-term decision making; long-term decision making; pricing; budgeting; standard costing; and responses to change in management accounting.

ACC 2323: Computer Based Accounting

This course provides students with a comprehensive theoretical and practical knowledge of the application of a selected accounting software (e.g.,Sage 50 Accounting 2013) in business data processing with a view to producing financial statements for both internal and external users of accounting information and generating reports that will be of value for managers in the decision making process. The following study areas are covered: An overview of accounting information systems; introduction of computer based accounting; creating and codifying chart of accounts; and entering transactions into the accounting system through various modules, namely, vendors, customers, general ledger, inventory, payroll, fixed assets and budget analysis; integration of all the modules in the accounting system; and customization of accounting systems to suit the information needs of different types of organizations.