Intermediate Accounting I is the first course in a two-course sequence with a focus on the continued study of the accounting and reporting processes within the framework of accounting theory. Main topics include in-depth analysis of IFRS (International Financial Reporting Standards), accounting theory, and requirements for publicly owned corporations. The course is targeted towards undergraduate accounting and finance specializations and focuses on the importance of preparing, analyzing, and communicating business information in ways that are relevant and useful to the end users of financial reports. This course builds upon the theories, principles and practices surveyed in ACC 100 (Principles of Accounting) and incorporates the examination of current real-world issues in financial reporting and analysis.

Accounting objectives are ever changing. Students must know how to generate financial information for interested parties and to provide managers with useful information, “Accountants must act as well as think”. The course is a continuation of Intermediate Accounting I and focuses on financial reporting requirements for public corporations. Core elements of accounting and financial statements including determining shareholder equity and long-term liabilities, income and cash flow reporting, and income tax and inflation accounting will be examined in the context of International Financial Reporting Standards (IFRS).

This course introduces students with the techniques used by cost accountants in the organizations. Approaches include cost control and product costing which assists in managerial decision making. Topics include cost accounting concepts, procedures, methods and techniques used for personnel, production, factory overhead costs, inventory, work-in-progress, costs allocation of service department, job orders, process, joint and by-product costing, cost control, and standard costing.

This finance course advances the preliminary concepts covered at the introductory level and applies them to fundamental activities of financing, investing and valuation of corporations. This involves allocation and acquisition of resources, leveraging the capital structure of the firms and analysis of corporate transactions. This course aims at determining the best methodology to achieve wealth maximization for shareholders. It acquaints the students with valuation of financial assets, financial investing decisions, capital budgeting, and dividend payout policies, with emphasis on both short-term and long-term managerial policies.

This computerized Accounting course brings together two business areas of accounting and information technology. The traditional accounting functions are carried out technically with acquiring the contemporary accounting and finance skills within this course. The ever-changing business environment and technological advancements require a different knowledge skill set which is embodied in this course to help students achieve the dynamic business demands. This practically driven course is mostly taught in the accounting labs with the appropriate use of accounting software.

This course lays emphasis on the planning process including short-term plans, and the budgetary goals and objectives of management. It explains how adequate planning and budgeting can help with financial problem solving and foster growth in the long run. This course also explains control concepts and fundamentals; the preparation and presentations of the processes and how to analyze results and variances. This results in applying the practical techniques at various managerial levels within a business environment. Topics covered include, targets, direction, budgeting resource allocation, and control activities.

This course aims at introducing the basic concepts, standards and procedures necessary for carrying out an external audit. Emphasis is laid on the Audit of the Financial Statements, the resulting outcome and how to form an opinion based on ethical and legal aspects.

This accounting course advances students into partnership accounting and addresses businesses in the global market place. It introduces concepts of transfer of business ownerships, mergers and acquisitions and their accounting treatments, as well as understanding the different forms of partnership concerns which are fundamental in the Arab world. Students will be understanding the consolidation of financial statements in different currencies and more emphasis will be laid on the practical aspect of accounting.

It is necessary for accounting students to understand tax concepts and tax issues. This course is intended to determine the difference between financial and tax accounting, introduce students to taxes, objectives, characteristics and its importance to economic developments in different countries and in UAE as well. Additionally, the course provides an understanding of tax filing status, deductions, and taxable income computation. It also provides the students with the knowledge and skills needed to apply Value Added Tax (VAT) in practice, rules, and computations in different countries and UAE.

Moreover, this course will equip the students with principles & standards used for taxation systems. Upon completing this course, students are expected to use to tax issues treatments that is crucial for their career skills. Furthermore, covering in-depth both individual taxation and business taxation, is expected to enhance students with knowledge, and provides them with a strong foundation. Finally, the contents of this course are designed to provide students with technical and practical details needed in their work field.

This course is the last one in the Accounting specialization and requires students to have a sound knowledge of the accounting concepts. It aims to equip students with a global understanding of the accounting information relevant to both the internal and external users. Topics include all the relevant techniques and skills acquired in financial accounting and applying them in a foreign context.

An internship experience is an effective means to bridge the gap between theory and practice. The students enrolled in the Bachelor of Business Administration program require to take this mandatory course as part of their specialization requirement. As this specialization deals with the practical side of the business, students can explore their career interests. This course is aimed at making students market ready and to ensure that the knowledge acquired in the classroom setting can be applied to the external environment. The internship must occur in a workplace underlying practical accounting analytical activities and within the framework of Accounting.