Third Year- Accounting Specialization

Curriculum of the Third Year

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ACC 3340: AUDITING AND ASSURANCE SERVICES

This course provides students a comprehensive understanding of auditing principles, concepts, techniques, and procedures to develop their understanding of the audit function and examine the techniques used by the auditors including risk analysis, evidence collection and evaluation, and audit reporting. Further, it familiarizes students with the professional, ethical, legal, commercial and regulatory requirements within which audits are carried out. The areas covered include audit planning, quality control for audit work, internal control, audit evidence, using the work of others, auditor’s involvement in special purpose audit engagements and other assurance services. In addition to this, the program introduces the use of computer assisted audit techniques and considers issues related to computer information systems audit. 

ACC 3341: TAXATION

This course provides students with a sound understanding of principles of taxation and enables them to apply theoretical knowledge in practice. The areas covered are: introduction to principles of taxation; liability to income tax; sources of income (employment income, income from property, dividend income, interest income, income from trade business profession and vocation,income from any other sources); capital allowances; total statutory income, assessable income, and taxable income; calculation of income tax of individuals, companies, charitable institutions, clubs, trade associations and co-operative societies; tax concessions, tax credits, calculation of income tax payable; payment of income tax under self-assessment system; appealing procedure, recovery of tax, tax refund, and value added tax (VAT).

ACC 3342: ADVANCED MANAGEMENT ACCOUNTING

This is an advanced level course, which deals with selected techniques and practices associated with management accounting. The emphasis is on modern applications and recent developments in the spheres of management accounting. The areas covered are: evolution of management accounting; further aspects of capital investment decisions and pricing decisions; budgetary control and beyond budgeting; activity based management and distribution channel analysis; management accounting techniques; balanced scorecard; responsibility accounting; decentralization and related issues; transfer pricing; project management; management accounting research; service sector costing;  and introduction to strategic management accounting. 

ACC 3343: SKILL DEVELOPMENT PROGRAM OF INTERN ACCOUNTANTS I

This course, the first of the four units conducted under the Skill Development Program of Intern Accountants, emphasizes on the development of Accounting and Financial Management Skills, and Management and Personal Capacity Skills. These skills are developed through the Internship Program in Accounting and Financial Management, and workshops and projects conducted on management and personal capacity skills development. 

ACC 3344: COMMUNICATION SKILLS AND PERSONALITY DEVELOPMENT FOR INTERN ACCOUNTANTS

This course unit is designed with the intention of upgrading the soft skills and developing the personalities of students. It focuses on the development of communication, leadership, management capability and networking skills of students and instilling business ethics in them. An interactive approach is adopted in the delivery of the program. 

FIN 3340: CORPORATE FINANCE

This is an advanced course in Financial Management. The major areas covered include; however not limited to: risk and return, advanced techniques and risk involvement in capital budgeting, cost of capital, capital structure, dividend policy, hybrid financing, leasing, working capital management, corporate financial strategy, financial distress and restructuring. The course provides necessary knowledge in evaluating different corporate finance decisions and their influence on corporate performance and value. Students get the opportunity to analyse cases using concepts and techniques of corporate finance to address problems faced by finance managers.

FIN 4340 / 3349 INTERNATIONAL FINANCIAL MANAGEMENT

This is a specialized course to provide a clear knowledge and understanding of how the financial management principles and techniques are applied to a firm operated in an international context under risk and dynamic environment. The course intends to provide basic knowledge that managers need to understand the implications of changes in the international business environment. This course covers international financial system, foreign exchange market, exchange rate determination, international parity conditions, foreign exposure management, international cost of capital, multinational capital budgeting and international working capital management.

ACC 3345: FINANCIAL REPORTING

This course familiarizes the students with corporate reporting practices and issues involved in the publication of financial and non-financial information of companies, including groups of companies and public sector organisations, and enable them to appraise and critically evaluate current practices adopted in corporate reporting. The areas covered are: corporate reporting environment; role of governance and ethics in corporate reporting; corporate financial reporting process; preparation and presentation of financial statements of companies inclusive of groups of companies, accounting for biological assets, financial instruments, share based payments, taxation and retirement benefits, changes in group structure, and foreign currency transactions based on applicable LKAS and SLFRS; financial reporting in public sector organisations; corporate sustainability reporting and integrated reporting; and analysis and interpretation of financial and non-financial indicators of a company. 

ACC 3246: ACCOUNTING INFORMATION SYSTEMS

This course familiarizes the students with IT based accounting information systems and their role in organizations, particularly in their use in strategic and operational decision-making as a supporting tool for managers. The areas covered are: role and purpose of Accounting Information Systems (AIS); professionalism, ethics and internal controls; transaction processing in the AIS; information technology (IT) and systems modelling techniques-flow charting, data flow programming and IT; business processes (sales/collection, acquisition/payment etc.); computer crime and IT security; decision making models and knowledge management, e-business and enterprise resource planning (ERP) systems; and auditing and evaluating the AIS. 

ACC 3247: ENTERPRISE RESOURCE PLANNING (ERP) FOR ACCOUNTING

This course introduces the students to interdependent software modules with a common central database that support basic internal business processes for finance and accounting, human resources, manufacturing and production, and sales and marketing. Enabled data to be used by multiple functions and business processes for precise organizational coordination and control. The course is expected to cover Accounting, Stock Control, Assets Register, Payroll, HRM, Time Attendance and Point of Sales. This course emphasizes on Accounting module for students with a linkage for other modules. 

ACC 3348: RESEARCH METHODOLOGY

This course familiarizes the students with basic concepts, principles, methods and techniques of accounting research. The course emphasizes an applied research approach and focuses on problems in accounting, organizations and society. The areas covered are: introduction to research methodology; positivistic (mainstream), interpretive and critical research in accounting; literature review; research methods used in accounting studies; and developing a research proposal.

ACC 3349: SKILL DEVELOPMENT PROGRAM OF INTERN ACCOUNTANTS II

This course, the second of the four units conducted under the Skill Development Program of Intern Accountants, emphasises on the development of Accounting and Financial Management Skills, and Communication Skills. These skills are developed through the Internship Program in Accounting and Financial Management, and the communication skills development sessions conducted through the Skill Development Centre (SDC), the language laboratory of DA.

FIN 3343: BUSINESS VALUATION THEORY AND APPLICATIONS

This is an advanced course in the theory and practice of valuation of business and equities. The major areas to be covered include free cash flow valuation, dividend discount based valuation, economic profit valuation, adjusted present value method, relative valuation and contingent claim valuation. It focuses on reorganizing financial statements, analysing business performance and competitive position together with their forecasts in order to use for different purposes such as investments, acquisitions and takeovers.