Course Descriptions. Advanced Financial Accounting

Transcription

1 Course Descriptions ACCT 611 Advanced Financial Accounting The course examines selected advanced accounting concepts. It deals with: ethical issues in advanced accounting, branch accounting, business combinations, consolidated financial statements, accounting for foreign currency transactions, translation of foreign currency financial statements, bankruptcy: (liquidation and reorganization), and recent developments in accounting and reporting. ACCT 601: Accounting Information System This course examines information systems used for management decision-making and external reporting, with specific emphasis on assuring systematic control over accounting information and on the reliability of that information. Computer and telecommunication systems are changing the way companies and not-for-profit organizations do business. As information becomes a competitive tool, line managers are encouraged to get more involved in decision-making. Furthermore, as communication between companies and investors continues to shift from lagged formal reports (i.e. financial statements) to tailored, online reports, the importance of computerbased accounting systems will increase. ACCT 621: Advanced Costs and Management Accounting This course describes cost and management accounting in the broader sense. It provides information in the area of cost accounting, which is helpful in the effective utilization of resources with cost-controlling techniques like budgeting, standard costing and variance analysis. It also explores an activity-based costing system, productivity measurement and total quality. Management accounting covers the areas of decision-making, pricing and transfer pricing and decentralisation. In particular, the course emphasises modern theories of performance measurement and management control systems. ACCT 631: Research Methods in Accounting and Finance This course provides students with applied skills in understanding and conducting research in business. The course examines and explores a range of methods that align with theory building and testing. The course examines qualitative and quantitative approaches. Topics range from exploratory methods (focus groups, interviewing) to observation techniques, sampling, through to interpretation and evaluation of statistical analyses (data processing and research analysis using the latest versions of SPSS, STATA, EXCEL and other available

2 software that aid accounting and finance research) thus enabling them to turn raw statistical data into strategic information. ACCT 642: Advanced Taxation: This course deals with taxation and the Ethiopian tax system in particular. It introduces the principles of taxation, the different types of taxes, direct tax and indirect tax, and the various issues involved from an international perspective. Moreover, the course examines international tax matters and the measures that are helpful in tackling them and, lastly, it discusses the Ethiopian tax system. ACCT 612: Advanced Financial Management The course is intended to provide the student with a sound understanding and appreciation of the principles of corporate finance. The course covers the theory and practice of financial decision-making by managers and describes how financial theory can be used to address practical problems and to highlight institutional aspects of the financial world. Topics include: the time value of money, capital budgeting, financial statement analysis, capital structure, leverage, dividend policy, long-term financing and issues of corporate control, management of working capital, management of cash, management of receivables, and, management of inventory. The course enables students to develop the skills and intellectual framework for addressing a variety of financial management problems. ECON602: Introductory Econometrics for Finance This course focuses on the financial applications of statistical techniques. Econometrics enable students to test theories in finance, estimate asset prices or returns, and analyse the relationships between variables and forecast financial variables. ACCT 622: Financial Institutions and Markets This course provides students with an overview of the basic contributions in to the modern theory of corporate finance and financial institutions. The course is methodology-oriented in that students are required to master necessary technical tools for each topic. The topics covered may include capital structure, distribution policy, financial intermediation, incomplete financial contracting, initial and seasoned public offerings, market for corporate control, product market corporate finance interactions, corporate reorganisation and bankruptcy, financing in imperfect markets, security design under adverse selection and moral hazard, swaps, gap analysis, and, long-term investment decision of financial

3 institutions in the context of market globalization. The course examines monetary policy and the central bank, the flow of funds in the economy and interest rate determination. Financial intermediaries are examined with particular attention to their regulations, the composition of their assets and liabilities, and their changing relative importance. Investment funds and pension funds are included among the intermediaries. Due attention is given to current developments in financial markets. ACCT 632: Professional Attachment This course is designed to expose students to a practical real working environment so that they can relate their theoretical knowledge with its practical applicability. Students will be placed in various organizations to learn practically from the work environment, observe or conduct a sort of study to identify the deviation from theoretical knowledge in practical application. The aim of this course is not limited to identify the gap or problems; rather, students will exercise their expertise in their field and consult the organisation during their stay. On completion of the course, students are expected to come up with their own case studies and write a report. ACCT 711: Investment Management This course is designed for those who are interested in how the various financial instruments of the money and capital markets work and how portfolio managers combine these aspects to gain required risk/return objectives. Setting portfolio objectives, calculating portfolio performance and using derivatives to hedge risk are also covered. Topics include: introduction to investment and securities; profile of financial assets; new-issue market or primary market; initial public offerings (IPO); secondary market; framework of risk and return; systematic and unsystematic risk; fundamental analysis-economy; industry; company analysis; stock valuation models; multiple holding period and multiple growth rate; bond analysis; efficient market theory; portfolio management; Markowitz Model; Sharpe s Single Index Model; Capital Asset Pricing Model; financial derivatives-options; and, futures. Towards the end the course provides an overview of portfolio management concepts including efficient market theory, portfolio analysis, portfolio selection, and capital market theory and performance measurements. ACCT 731: Seminars in Accounting and Finance In today s very dynamic and ever-changing global economy, so many new theories, concepts, and latest developments have been emerging in almost all disciplines including

4 accounting and finance. The development in information and communication technology, globalisation, the change in the socioeconomic, legal, and political frameworks, and even the current economic downturn have an impact on the accounting and finance profession. All the above and so many changes should be highly the of major concern of to accounting and finance professionals who are supposed to research ideas, and develop different theories and concepts, and update the existing knowledge in the profession so that society can exploit opportunities otherwise others defined consider threats. Therefore, this course is designed to provide students with exposure to emerging issues and the latest developments in the profession. Students will select some of the latest and emerging topics including, but not limited to, the impact of IT in accounting, finance, audit, taxation, international finance, accounting and reporting standards, international auditing standards, globalisation, and related developments in the profession. Other emerging topics included are: environmental accounting and auditing, human resource accounting, price level change and financial reporting, international and national accounting and finance related associations role in the profession, accounting and finance in good governance and the process of democratisation, and other emerging topics. Students will also organize seminars and workshops, invite various guests from within and outside the University, present their papers, and facilitates discussion. ACCT 721: International Finance This course is designed to help students develop basic financial management tools necessary for evaluating and analysing international financial markets. As an increasingly large number of corporations, multinational institutions and countries are entering the international financial markets for their financing, investment, hedging, as the globalization of financial innovations keeps creating new instruments. Thus, it becomes important for corporate managers and investors to properly apply these tools in an international context to gain control over their cash flows and returns. Throughout the course, strategic and financial issues of multinational corporations, risk management, and regulatory environment will be emphasized. The focus of this course is on the international financing and investment decisions of firms and the international financial environment that impinges on them. The theories and techniques of international financing within the context of different currencies, changing exchange rates and the barriers to capital flows will be covered. Topics include: international

5 capital markets, foreign exchange markets, arbitrage and parity condition, exchange rate forecasting, government intervention, target zones, currency crises, foreign exchange rate exposure and hedging, currency derivatives, financial structure and cost of capital, and, international capital budgeting. MBA 752: Business Policy & Strategic Management This course integrates the core functional disciplines of business within a strategic framework. The course introduces several strategic management concepts including industry analysis and dynamics, the organisational resource audit, strategic topologies, and the role of general manager in strategic topologies and strategic transformations. The principle objective is to develop and enhance student ability in problem identification, environmental and organisational and action implementation. While policy focuses more on the purpose, mission, vision, or values of the organisation, strategy deals more with developing a top management plan for enabling the organisation to adapt and exploit changes in its environment. Since the problems, issues and decisions facing senior general management are complex, messy, and quite unstructured, the overall purpose of this course is to provide conceptual and analytical tools to enable you to think strategically about how to effect positive change within the organisation and in society. The course is integrative and builds on students understanding of the functional areas of the firm including: operations, finance, marketing, human resource management, and organisational design. Through readings, case analysis, real world company strategy analysis, simulation, and discussion, course participants will learn the process, tactics, and schemes for specific action that firms use to achieve their intended business objectives. ACCT 741: MSC. Thesis in Accounting and Finance This course exists to make the students to prepare independent research or a thesis and defending it before a committee composed of a number of faculty members designated by the Dean of the Faculty of Post-graduate Programmes. This course will allow a student to undertake a program of study which goes beyond the boundaries of other semester courses. Under the guidance of a supervisor, the student will undertake a research project and present a written report that will be assessed by at least two internal and external examiners. The subject aims to develop an appreciation of research methodology with particular reference to techniques and approaches of relevance to the individual student. Acct 201: Principles of Accounting I

6 The first part of the course introduces accounting concepts, techniques and generally accepted accounting principles and their applications. It explains the conceptual foundation and features of accounting in real business with illustrations. Topics include: studies on accounting evolution; the importance of fundamental principles of accounting (GAAP) and procedures; the accounting cycle for a merchandising and service business enterprises; introduction to deferrals and accruals; principles for accounting systems design; and, accounting for cash, temporary investments, receivables and short term payables. Acct 202: Principles of Accounting II This part deals with the further application of fundamental accounting principles on elements of financial statements of business enterprises, which includes accounting for: merchandise inventory, plant assets, natural resources and intangible assets, Ethiopian payroll accounting, accounting for partnerships and corporations, introduction to accounting for manufacturing enterprises and accounting for branches and home offices. Accounting for partnership businesses is discussed by referring to the provisions of the commercial code of Ethiopia, (1960). Acct 212: INTRODUCTIONS TO COMPUTER APPLICATION IN ACCOUNTING The overall aim of the course is to provide students with the knowledge and skill required for basic computer literacy. Topics include: computer basics (characteristics, classification, evolution, the computer system configuration); Introduction to DOS and common business application software; and, programming basics (the concept of programming, programming language development). Acct 301: FINANCIAL ACCOUNTING I The first part provides basic concepts in: the development of accounting principles and professional practice; issues related to conceptual framework of accounting

7 information and the theory of financial statements (income statements, balance sheets and statements of cash flow); an overview of the time value of money and detailed accounting for working capital elements emphasising cash and short-term investments and receivables. Acct 302: FINANCIAL ACCOUNTING II This part deals with detailed accounting procedures for the remaining financial statement items such as inventory, current liabilities and contingencies, plant assets, intangible assets, long-term investments and payables, preparation of the statement of cash flow. Students are required to explore a series of assignments and cases and bring them for class discussion. Acct 311: COST AND MANAGEMENT ACCOUNTING I The course deals with: the theory and techniques of cost accounting; cost terminology; cost behavior; cost classification and analysis; systems for accumulating costs data; costing systems; accounting for joint products and byproducts; and, alternative inventory costing systems and their managerial application. Acct 312: COST AND MANAGEMENT ACCOUNTING II The course builds on the knowledge acquired in Cost and Management Accounting I and introduces some new concepts and the use of accounting tools and techniques in the analysis, planning and control of business operations and in management decision-making processes. Topics covered include: intensive review of the management decision-making processes and nature of management information;

8 examination of concepts and rational underlying managerial accounting methods; the budgeting process and standard costing; CVP analysis; and, the investment decision and quantitative methods of evaluating decision problems. Acct 342: GOVERNMENT AND NFP ACCOUNTING This course provides students with basic analysis and preparation of government financial statements emphasising revenues and expenditures. Topics include: principles of accounting for governmental and other not-for-profit organisations; government funds; capital project funds; debt service funds; proprietary funds, fiduciary funds and accounting for NGOs. The course also briefly discusses the Ethiopian government accounting system. Acct 322: FINANCIAL MANAGEMENT I This course focuses on the acquisition of financial resources and their effective utilisation in running a business enterprise for profit. Topics include: financial analysis and forecasting, capital structure decisions, cost of capital, capital budgeting and investment decisions, and long-term financing. Case studies and assignments are emphasised. Acct 421 FINANCIAL MANAGEMENT II This course builds on the knowledge and skills acquired in Financial Management I. Topics discussed on this course includes: working capital management, risk, return and portfolio theory, leverage and capital structure, lease and lease financing, business failure and bankruptcy and multinational finance. Acct 332: ACCOUNTING INFORMATION SYSTEMS The course is designed to enable students to be able to select appropriate accounting information systems for either in-house development or buying commercially available software. The students are taught to appreciate and use the various techniques for

9 analysing and designing systems. Topics included are: system theory; system development life cycle; techniques and tools of system analysis, design and documentation such as data flow diagrams, structure charts, functional decomposition, process modelling, entity-relationship modelling system modelling and proto-typing user-interface design; and, database management systems. In addition, computerised accounting will be given in the laboratory. Acct 411: ADVANCED ACCOUNTING I This course emphasises the analysis of the accounting field in the legal structure, the principles of partnership and joint venture, and advanced partnership problems with reference to formation, dissolution, and liquidation. It also covers the analysis of accounting problems in special areas of accounting dealing with installment contract sales, consignment sales, and agency and principal-branch and head office relationships. Accounting for state owned enterprises and corporations in Ethiopia also feature. Acct 412: ADVANCED ACCOUNTING II This part of the course explores more advanced and complex topics and issues in financial accounting and reporting, dealing with the analysis of accounting for business combinations, consolidation and foreign currency translation, segment reporting, interim statements, and financial forecasts. Series of assignments and case studies will be discussed. Acct 422: PROJECT ANALYSIS & MANAGEMENT The course will provide general knowledge about the features of projects. Project and plan relationships, project identification, project preparation (feasibility study), project cost estimates, project analysis (financial, economic, social), and the evaluation and implementation of a project will be covered. Acct 431 AUDITING I

10 This course is designed in such a way that students are able to explore the underlying theories, procedures and practices surrounding an auditor s responsibilities in examining and reporting on financial statements of business enterprises. The course basically deals with the way how evidences is collected to be used in the process of evaluating whether or not financial statements fairly present the financial position, operational results and cash flows of the company. The course also deals with the process of collecting and evaluating evidences to determine whether a business enterprise safeguards assets, maintains data integrity, achieves organisational goals effectively, and consumes resources efficiently. Acct 432 AUDITING II This course is the second course in audit which is designed to enable students to practically apply audit and its underlying concept to provide opinion on the financial statements. The courses enable learners to design appropriate audit strategies to gather and evaluate information in relation to financial statement assertions and ancillary audit engagements. In addition, it will lead the students of accounting to explore and comment on the development of audit profession in Ethiopia and current practices and developments in their profession globally. The course includes: the audit process and consideration in designing an audit, audit of financial statements, EDP audit, auditing in Ethiopia, and current issues and practice in auditing. Acct 442: STUDENT RESEARCH PROJECT This course deals with the selection of research topics, writing proposals, and writing and presenting a research report. The main objective is to equip students with the methodologies and a skeleton of research writing. Acct 451: CAPITAL MARKETS & FINANCIAL INSTITUTIONS

11 The aim of the course is to provide students with the essential knowledge required to understand the nature and operations of commercial financial institutions. Topics included are: commercial banks, insurance companies, existing assets, liability, the capital position of each financial institutions, capital markets and instruments, and, international trade and transactions. Acct 461: PUBLIC FINANCE & TAXATION This course focuses on the taxing and spending activities of a government and their influence on the allocation of resources and distribution of income in general and with special reference to Ethiopia as per the new economic policy. Moreover, the course will provide a reliable foundation in the core areas of Ethiopian taxation and make students understand the operation of the Ethiopian tax system. The topics covered includes: introduction to public finance and government at a glance; tools of public finance; and, the Federal Democratic Republic of Ethiopia's revenue and finance system including sources of public revenue, deficit finance and public finance. Furthermore, from the taxation side, the course includes: overview of the tax system in Ethiopia; computation of income tax liabilities arising from individuals; unincorporated and incorporated companies; determination of the chargeable gains arising on individuals and corporate tax payers; and, minimising/ deferring tax liabilities by identifying and applying relevant exemptions, relief and allowances. Psyc 201: GENERAL PSYCHOLOGY Course subject matter covers: the nature, sub-fields, scientific methods and historical roots of psychology; heredity and environment and their effect on behavior; the brain and the nervous system; behavioral development from infancy through adolescence and adulthood; human learning; sensory processes and perception; personality; the nature and classification of behavioural disorders; and the nature and types of therapy.

12 Blaw 301: Business /Commercial Law The primary objective of this course is to introduce students to the concept and principles of labour law, taxation law, and the commercial code of Ethiopia. It is aimed at exposing students to the law of contract (such as the contract of sale, insurance, and agency) and commercial instruments. EnLa 201: Communicative English The course assumes to introduce the students to the English language proficiency required to meet their real needs in the business environment. It covers: the use of appropriate words and structural patterns in the business environment; makes students learn and use words and expressions relevant to business environment; develops oral business language competence to describe business organisations and related activities; identifies and organises the fundamentals of business writing; and, it critically analyses business correspondence. EnLa 202; Basic Writing Skills This course will focus on developing the learners basics writing skills in both academic and non-academic contexts. Emphasis will be on sentence development, writing paragraphs and composing essays. Sentence level writing includes constructing different types of error-free sentences. At paragraph level, the course covers basic paragraph writing skills. Finally, the essay part treats the basic structure of an essay and its different types. CvEt201: Civics and Ethics A graduate from an Ethiopian higher education institution who has taken this course: Will be an inquisitive, critical, analytical, integrative and normally balanced person

13 Exhibits higher ethical standards and has open-mindedness, rational thinking, an evidenceoriented personality, and problem-solving skills with high professional spirit Tends to be more participatory in socioeconomic and political endeavours Will be practical, highly concerned, responsible and loyal to his/her nation. Econ 251: MICROECONOMICS I The following are covered on this course: the neoclassical theory of consumer demand; consumer choice models; derivation and properties of individual demand and Engel curves; properties of market demand curves; laws of production and costs; returns to scale; the law of variable proportions; choice of technique; short-run and long-run cost; theory of the firm and market equilibrium under perfect competition; price determination under market imperfection; and, models of pure monopoly, monopolistic competitions. Econ 252: MICROECONOMICS II Areas covered on this course include: price determination under market imperfection; models of oligopoly, neoclassical models of factor demand and income determination; introduction to general equilibrium and welfare economics; introduction to the economics of information, transaction costs and uncertainty. Mgmt 211 INTRODUCTION TO MANAGEMENT This course focuses on the basic concepts and principles of management, the functions of planning, organising, staffing, directing and controlling, and their relationship to key issues in management practices, such as leadership and motivation. The nature and role of supervisory management, functions of supervisors and labour relations, inspection, and effective communication are also discussed. Mgmt 212: BUSINESS COMMUNICATION Communication is the lifeblood of business. However, communication is not the free flow of

14 idea from the person to another. The process involves the sender, message, media, receiver, and feedback. Nevertheless, all the variables here mentioned and other factors can influence communication either positively or negatively. Thus, this course will handle the communication process, communication barriers, types of communication channels (speech, interview, meeting, report writing, nonverbal communication, active listening, telephoning), business communication principles and types of communication in organisations. Mgmt 221: MATHEMATICS FOR MANAGEMENT This course is designed to expose business students to the basic concepts and areas of business application of mathematics. Topics include: matrix theory and application, mathematical functions and their use as models, mathematics of finance, linear programming, exponential and logarithmic functions, and elements and application of calculus. Mgmt 232: STATISTICS FOR MANAGEMENT The objective of this course is to discuss the theoretical aspects of statistics and then focus on its practical applications in business decision-making, which is something modern managers and decision makers are expected to be armed with in the face of considerable uncertainty. Besides this, it is also used to create know-how for students in various areas and show the benefits of statistics in business elements used to achieve organisations objectives, the factors that influence product development, promotion plans, and, pricing and distribution strategies. Mgmt 352: ORGANISATIONAL BEHAVIOR This course basically deals with the problems of managing an organisation and essentially involves the basic internal and external forces that determine the behaviour of the organisation. It also equips students with a conceptual framework of understanding, analysing, and predicting behaviour of individuals and groups in organisations. More specifically, the course covers: theories of organisation and management, organisation and its environment, foundations of organizational behaviour, foundations of motivation, individuals, groups, individuals and groups behaviour in organisations, conflict and conflict management, leadership, organisational change and development and decision-making. Mgmt 362: BUSINESS RESEARCH METHODS

15 This course will offers a broad view of methodological issues related to the planning and implementation of the research process. It will cover topics related to issues such as scientific research, problem formulation and hypothesis, planning research projects, research proposals, methods of data collection, sampling design, and overview of data processing and analysis. Primary and secondary data collection in particular will be emphasised as well as procedures for analysis and presentation of research findings in relation to the reporting of research results. The first part of this course starts with the selection of topic and writing of a proposal. In its second part, students are required to write and present a report in a classroom for discussions. Mgmt 412: ENTERPREUNERSHIP & SMALL BUSINESS MANAGEMENT This course covers entrepreneurship theory and the practice of managing a small business in Ethiopia. Emphasis is upon the practical considerations of starting, growing and sustaining a profitable small business. The course will tie together the many considerations facing the business owner including: planning, start-up issues, marketing, human resource management, financing, daily operations, and legal concerns. Mgmt-432 OPERATIONAL MANAGEMENT The course explores: the nature of production and operations; product/ service design and facilities layout; capacity planning and management; aggregate production and operations planning and master scheduling; rough-cut capacity planning; operation scheduling and activity control; design of operation systems; methods analysis; work measurement; quality planning and control; Total Quality Management ( TQM) concept; dynamics of operations management; and, the case study to be done by the students on the design of operations systems. Mgmt 441 OPERATIONS RESEARCH The course covers: a scientific approach to decision-making under risk and uncertainty payoff tables and decision trees; applications and solutions for PERT and CPM problems; linear programming; queuing theory, maintenance and replacement decisions; distribution problems; and, game theory and its application. BaFn 321: RISK MANAGEMENT AND INSURANCE

16 The course deals with the introductory study of the risk management process and the importance of insurance as a method of handling risk. This course is designed to generate an awareness of the nature of risk and its effects on individual and business decisions, as well as the methods available for treating risk. Course content included s property insurance, auto-insurance, life and health insurance, workers compensation and employee benefits, and, relationships between risk management and other functional areas of business. MKMG 341: PRINCIPLES OF MARKETING This course focuses on basic concepts and definitions of marketing: market analysis of variables affecting demand; buying decision process; market segmentation and targeting; market research and forecasting as the basis for planning marketing - mix variables; and, the scope and role of marketing research in the development and implementation of marketing programs. CBTP 202 COMMUNITY BASED TRAINING PROGRAMME PHASE I In this initial phase the students are expected to be oriented about the study community, assess available resources, understand the developmental policies, needs and activities currently being undertaken, and then, identify problems that are inherent in the community and study them. CBTP 302 COMMUNITY BASED TRIANING PROGRAMME PHASE II This is the second and last phase of the Community Based Training Programme in the College of Business and Economics. A student has to work on the first phase to proceed to this particular CBTP phase. In this phase, the students are supposed to develop feasible action plans and make interventions based on the action plans they construct.