Study of the underlying concepts of

fi nancial accounting. Accounting cycle,

related accounting records, and the

fi nancial statements. Accounting principles

and reporting requirements for assets and

liabilities.

An overview of the application of the principles, laws and practices of taxation of individuals, partnerships and corporations.

An overview of accounting as an effective

aid to management in the control of

resources, interpretation of fi nancial

statements, cost volume profi t analysis,

product cost systems, budgets and variance

analysis.

A study of auditing principles, concepts and practices as it applies mainly to business and investors.
A working knowledge of auditing procedures and techniques, standards, ethics and legal environment, statistical audit tools as well as audit reports.

Fundamental accounting principles in a

computerized environment. Application of

accounting packages to the accounting cycle

and management reports. Contemporary

issues and ethical practices in accounting

information systems.

This course will enable the students to understand the applications, controls and implement an accounting information system to solve various accounting needs of an organization.

An extensive analysis of management

decision making based on accountingconcepts; the use of accounting statements

and reports in policy making and control;

ethical considerations and emerging trends

of management accounting.

The course is designed to develop the students’ competence in the preparation of financial accounts of central government and local authorities accounts.

An overview of the theoretical foundations

of fi nancial reporting. Standard setting

process and conceptual framework,

valuation of assets and current liabilities.

The course is designed to ensure that the students can prepare tax returns, evaluate the tax implications
of business decisions, and analyze the impact of government fiscal measures on industry and the economy.

Accounting principles and reporting

requirements for liabilities, long-term

investments and stockholders’ equity

are studied. Other topics included

are accounting for pensions, leases,

accounting changes, and the statement of

cash fl ows.

The course provides the students with practical skills required to audit public and private institutions
and to carry out audit investigations in computerized and non -computerized environments.

The course is designed to provide in-depth

coverage of cost accounting concepts,

objectives, and accumulation and reporting

procedures. Topics covered include material,

labor and overhead costs in job order and

process cost accumulation systems and

other emerging cost accounting topics.

The primary objective of this course is to provide students an opportunity to gain experience in
investigative (forensic) accounting. Topics include background, legal framework, prevention,
risk assessment, financial fraud schemes, investigation and specialized issues.

Study of international dimensions of accounting and use of accounting information for decision making in multinational environment. Accounting and managerial issues of multinational corporations such as currency translation, financial reporting and disclosure, international taxation, transfer pricing, and current issues and developments.

Independent study under the direction of a faculty advisor. Projects may include library or empirical research or analysis and written report on management aspects of an appropriate business organization, private firm, not-for profit organization, or government agency.

This program is in accord with the overall mission of USIU to provide an environment of growth, 
knowledge and work experience for its students. This entails preparedness for career through 
mastery of a field of knowledge and its multicultural and multinational application. Such mastery
is accomplished through both formal study and various experiential forms of learning such as
the internship and fieldwork. It provides practical and hands on experience in the student’s area
of study. A range of 200-400 hours required depending on the organization.

This course intends to develop the student’s ability in understanding managerial uses of accounting data in cost analysis, decision-making, planning, control, budgeting, variance analysis, performance measures and management reports.