Faculty of Economics & Management

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Department of Accounting

Welcome word from the Dean of the Faculty of Economics and Management and Head of the Accounting department at the Faculty Prof. Tarek Hammad:

The Accounting and Auditing department in all Faculties of Economics & Management represents the largest and most important part which enrolls most universities students and which represent in governmental faculties of commerce more than 90% of the students enrolled in the Faculty as there are jobs in all types of companies and industrial sectors as there is no big or small project and regardless of the type of activity without accountants who record all the project transactions and display them in the summary and provide information that is useful in planning, control, taking decisions, measuring cost, pricing products, preparing future budgets, calculating taxes, dealing with The Tax and Custom Authority and provide the necessary information and we at the Faculty of Economics and Management welcome our students to join the department, which represents the largest department of the Faculty.

With my best wishes,

Prof. Tarek Hammad

 

The Dean of the Faculty of Economics and Management and Head of the Accounting department at the Faculty

 

Vision Statement

 Our vision is to be recognized as an innovative leader in professional accounting education and to become one of the primary centers of excellence in education in Hampton Roads and beyond.

Mission Statement

 

 Our mission within this vision is, through our teaching, service and research, to produce ethical accounting graduates who have the academic and professional base of knowledge to meet the challenges posed by a dynamic global business environment.

Accounting Department

First level

Financial Accounting I

Nature of financial accountings-Goal and function of financial accounting-Accounting equation-Accounting directory-Operations cycle.

Financial Accounting II

Inventory Settlements (account-accounting books-auditing balance closing financial statements-result and budget accounts)-Preparing the accounts and the closing of financial statements in service and business establishments (worksheet-closing entries-temporary and permanent accounts)-Treatment of the common general and technical errors)-Principles of accounting and financial principles.

Second Level

Intermediate Accounting

Accounting of partnerships and associations of capital in the public and private sectors. 

Cost Accounting I

Defining the cost accounting-goals and functions of cost accounting-costs measurement theories-accounting the cost’s factors-indirect industrial costs-costs accounts.

Third Level

Readings in Accounting in a foreign language

Selected accounting subjects-financial accounting-cost accounting-administrative accounting-auditing.

International Accounting

International accounting(definition, goals, and features)-Authorities concerned with international accounting-accounting the foreign operations of the multi-national companies-accounting the operations in the multi-branches of companies and foreign agencies-accounting the prices changes and international inflation-accounting the effects of the exchange rates of the foreign currencies-problems in preparing the financial statements prepared by foreign currencies-comparative international analysis of financial statements-committee of international accounting standards and its role in upgrading the efficiency of the international accounting performance-studying some international accounting standards as a comparative study for the accounting systems in some countries and the feasibility of standardization on the international level.

Specialized Accounting I:

Accounting in Commercial Banks which deals with the following; the definition of the commercial banks and it’s accounting -The accounting treatment of the various operations and its documentary courses. Financial statements of commercial banks which are accountable in insurance companies, and is dealing with the followings:

Definition of insurance, its types, and the process of the accounting organization in insurance companies, the accounting treatment of various operations – Direct insurance operations in the branches of persons insurances, composition of funds, and the property and liability insurance (Reinsurance) operations –(Investment) operations – Financial Statements of Insurance company – Accounting in other financial facilities.

Computer applications in Accounting:

Accounting applications of computer using the most popular models, and according to the most popular computer languages (Microsoft-Excel)

Cost Accounting II:

Orders - Common and subsidiary stages and products-Study of one of these systems: Contracts (Contracting) costs in the agricultural enterprises or Costs in the petroleum facilities.

Standard costs - Cost systems in the transport industry and services - Cost systems in the education field - Cost systems in hospitals and medical units - Cost systems in banks - Developments in cost accounting.

Auditing

The Definition of the external financial audit- the professional performance standards for the external auditor (personal- Professional- determining the quantity of the tests for the optional audit- preparing final report- audit by electronic calculator- the analytic review (applications and practical cases).

Fourth Level

Specialized Accounting II

Accounting in:

·       Establishments with partitions

·       The operations of free professions owners

·       Unprofitable organizations

·       Accounting in light of the electronic trade

·       Environmental accounting

Case studies in auditing:

Modem trends in studies related to the process of audit and its technical methods and the personality of the internal and external Auditor- administrative auditing (operations auditing) - social auditing- governmental auditing- auditing the financial statements' elements (with more observation than what has been previously studied in the Auditing Principles).

Governmental and national accounting:

·       Governmental accounting system.

·       Allocated funds theory.

·       The State's usual General Budget.

·       The modern methods to prepare the State's General Budget.

Tax Accounting I

The Tax accounting system is according to the current Egyptian legislation and its amendments.

Managerial Accounting I

Managerial accounting concept- the concepts of the costs suit for taking decisions- the banking analysis and the planning of sales and profits- balance analysis model- the accounting analysis to rationalize the pricing, manufacturing and purchasing decisions- analysis the financial statements- responsibility accounting- financial and cash flows- planning and supervising the inventory- using the quantitative methods in taking decisions- the method of the conditional profit and loss- theory of games- learning curve- exchange prices and its uses.

Graduation Project - Accounting

This curriculum is aiming at the practical application of the basic knowledge acquired by the student during his/her study to the different courses in the accounting program. Therefore, the student, who is under the supervision of one the faculty members, will have his/her graduation project chosen by his/her supervisor and then the student will characterize the problem of the research and its handling methods according to a schedule and the theoretical framework, which will be determined upon the agreement of the faculty member, the supervisor on the project. The student shall make a presentation of his/her final report before the rest of the students and the attendees of the Faculty Members.

Managerial Accounting II

General principles for the planning budgets and its definition, kinds, objectives and the responsibility of preparing budget-the planning of  budgets, taking decisions and taking supervision and planning decisions-the comprehensive program for the current planning budgets- PERT method and the probabilities tree at preparing the planning budgets- using the other quantitative methods in. preparing budgets- the planning accounting in the unified accounting system- investment budgets ( its definition, significance, objectives and the methods of evaluating the investment projects in the light of the different circumstances)- analyzing the planning budgets variance - budgets in the light of law no. 203 for 1991 and its executive regulation.

Tax Accounting II

·       Indirect taxes (sales-stamps- custom fees):

·       Taxes on the profits of stock companies.

·       Taxes on salaries and the like.

Operations research on Accounting:

A preliminary study of accounting and operations researches- using the linear programming in planning including:- simplex methods and using it in greatening profits and decreasing costs- transferring methods and using it in decreasing costs – PERT method in evaluating and revising programs- using the theory of games in taking decisions in the contradictory situations- using queuing models- using the inventory models in decreasing to the possible minimum and determining the minimum of the inventory in the light of the period of supplying or production as well as determining the maximum of the inventory and the point of re-requesting -the use of simulation models to describe the behavior or structure of the real complicated system during prolonged periods of time.

Optional Subjects

 

Contemporary accounting cases and problems

The current and specialized following up to the accounting issues whether on the local or international field, which has direct impact on accounting (different subjects reflect the rapid developments in accounting).

Accounting Theory

·       Developing the accounting thought before 1930.

·       Alternative entrances for the accounting theory (assumptions- objectives- restrictions related to user).

·       Measure in accounting and its related restrictions.

·       Accounting policy.

Advanced financial accounting

Extensive study in:

-         The income concepts for the purposes of the financial reports.

-         Assets and its measurements.

-         Liabilities and its measurement.

-         Ownership

-         Disclosure in the financial reports.

Advanced Accounting Information Systems and Accounting Computing  

The establishment and definition of the accounting information system- information systems properties- information systems types- accounting system entrances- accounting system operation- accounting system outputs and the internal supervision in the accounting system- expenditure course applications- incomes course applications- designing, analyzing and executing systems- the tools of analyzing and designing systems- systems analyzing- systems execution and assessment.

Academic Requirements

University Mandatory requirements (6 Credit hours)

The student studies 6 credit hours on this basis:

Course Code

Course Name

Credit Hours

1

UM101

Introduction to Computer Science

3

2

UM102

Statistics

3

University Elective requirements (3 Credit hours)

 

The student studies 3 credit hours based on the following schedule:

Course Code

Course Name

Credit Hours

1

UE101

Computer Principles with applications

3

2

UE301

Public Administration

3

Faculty Mandatory requirements (57 Credit hours)

Course Code

Course Name

Credit Hours

1

FM101

Financial Accounting I

3

2

FM102

Political Science I

3

3

FM103

Business Administration I

3

4

FM104

Principles of Macroeconomics

3

5

FM105

Principles of Microeconomics

3

6

FM106

Political Science II

3

7

FM107

Financial Accounting II

3

8

FM201

Intermediate Accounting

3

9

FM202

Money and Banking

3

10

FM203

Business Administration II

3

11

FM204

Political Systems

3

12

FM205

Cost Accounting I

3

13

FM206

International Relations

3

14

FM207

Behavioral Sciences

3

15

FM208

Financial Management and Finance

3

16

FM209

Economic Planning and National Accounting

3

17

FM301

International Economics

3

18

FM303

International Accounting

3

19

FM302

Marketing

3

Faculty Elective requirements (24 Credit hours)

Course Code

Course Name

Credit Hours

1

FE101

Mathematics for business I

3

2

FE102

Mathematics for business II

3

3

FE103

Principles of Law

3

4

FE104

Commercial Law

3

5

FE201

Economic Resources

3

6

FE301

Economics of Public Finance

3

7

FE401

Economic Feasibility studies

3

8

FE402

Egyptian Political Systems

3

Accounting Department Mandatory Requirements (45 Credit hours)

Course Code

Course Name

Credit Hours

1

MAC301

Specialized Accounting I

3

2

MAC302

Computer Science Applications in Accounting

3

3

MAC303

Cost Accounting II

3

4

MBU304

Purchases and Stock Management

3

5

MAC304

Auditing

3

6

MAC305

Foreign Language Readings in Accounting

3

7

MAC401

Specialized Accounting II

3

8

MAC402

Case Studies in Auditing

3

9

MAC403

National and Governmental Accounting

3

10

MAC404

Taxation I

3

11

MAC405

Managerial Accounting I

3

12

MAC406

Graduating Project Research Seminar

3

13

MAC407

Managerial Accounting II

3

14

MAC408

Taxation II

3

15

MAC409

Operations Research in Accounting

3

Accounting Department Elective Requirements (6 Credit hours)

Course Code

Course Name

Credit Hours

1

EAC301

Contemporary Accounting

3

2

EAC401

Advanced Accounting Information Systems and Accounting Computing

3

 Characteristics of a Business Administration Graduate

 The graduate will have achieved an understanding of the fundamental knowledge provided by the program related to:

1-      The use of academic methods to assist in resolving managerial issues and for decision making.

2-      The preparation of programs, plans and policies according to the entity needs.

3-      The preparation of a feasibility study and the evaluation of investment options.

4-      Designing an organizational structure.

5-      The application of the modern managerial philosophy such as total quality management and the re-engineering of operation.

6-      The application of effective leadership style.

7-      The use of communication and personnel skills.

8-      The use of the various methods of employee motivation

9-       The use of organizational plans, policies and strategies to meet the organization needs.