ACCT201 - Principles of Accounting I - 3 credits

This course is an introduction to financial accounting concepts and to techniques involved in the communication of relevant financial information. It provides a description of the uses of accounting information for decision-making purposes

ACCT202 - Principles of Accounting II - 3 credits

This course is a continuation of the concepts and techniques covered in ACCT 201. In addition, some of the concepts and techniques that are used in accounting for manufacturing firms are introduced and applied
Pre Requisite: ACCT201

ACCT288 - Internship I - 1 credit

The aim of this course is to give students a chance to practice in companies, to experience the realities of business life and to be trained in the accounting cycle in the local community. The practice will last for 6 weeks.

ACCT301 - Intermediate Accounting I - 3 credits

An in-depth study of the accounting theory underlying financial statements, the balance sheet, income statement and statement of cash flows, incorporating recent related professional pronouncements. This course concentrates on major balance sheet accounts including cash, receivables, marketable securities and inventories.
Pre Requisite: ACCT202

ACCT302 - Intermediate Accounting II - 3 credits

This course is a continuation of the study of balance sheet accounts, long-lived assets (acquisitions, disposal and valuation, depreciation and depletion),intangibles, liabilities, stockholders' equity, statement of cash flows, income tax allocation and other special topics in financial accounting.
Pre Requisite: ACCT301

ACCT303 - Cost Accounting - 3 credits

This course involves an introduction to the principles and practices of cost accounting, as related to the cost accounting cycle of a job-order-cost system and process cost accounting. Emphasis is also given to the analysis of budgets and standard costs.
Pre Requisite: ACCT202

ACCT304 - Principles of Auditing - 3 credits

This course includes generally accepted auditing standards, audit objectives and procedures, application to audit of major balance sheet accounts, professional ethics and responsibilities, internal control, audit programs, work paper and reports.
Pre Requisite: ACCT202

ACCT305 - Managerial Accounting - 3 credits

This course is concerned with introductory and problem materials designed to provide an understanding of accounting measurements and an appreciation of the ways in which managers use accounting data. Emphasis is placed on the analysis of cost-volume profit decisions, the use of standard costs and flexible budgets, and the evaluation of management to performance.
Pre Requisite: ACCT202

ACCT306 - Taxation - 3 credits

It consists of two phases: first, income tax problems and issues in the West Bank and East Jerusalem in addition to the calculation of the VAT and to the application of all related legislation and second, income tax planning so as to legally minimize the tax burden in the West Bank and East Jerusalem.
Pre Requisite: ACCT202

ACCT307 - Accounting Information System - 3 credits

This course includes transaction processing, reporting, and decision-making systems of most organizations as well as integration of data processing elements with the managerial activities within the decision-making and organizational framework of the organizations. The objective of this course is to expose students to the elements that constitute an accounting system and the theory upon which a system should be designed and organized.
Pre Requisite: ( ACCT202 and BUSA227 )

ACCT308 - Advanced Financial Accounting - 3 credits

Accounting concepts for treating partnership formation and dissolution, (branch accounting, business combinations and consolidation of parent and subsidiary companies) are covered.
Pre Requisite: ACCT301

ACCT309 - Government & Fund Accounting - 3 credits

This course deals with accounting for non-business-organizations, concepts and procedures, adequate accounting and financial reporting practices by cities, other government units, as a basis for evaluating the extent of such problems and suggested solutions.
Pre Requisite: ACCT302

ACCT310 - Internal Auditing - 3 credits

This course focuses on the independent appraisal function established within an organization that is called internal auditing. The role and nature of internal auditing; intensive review of internal control; management effectiveness audits; and financial audits from the point of view of the internal auditor will be intensively discussed during the course.
Pre Requisite: ACCT304

ACCT311 - Federal Taxation - 3 credits

This course addresses a number of fundamental income tax concepts as identified by the American IRS code. It includes the computation of individual tax liability, statutory exclusions, deductions and gains. The course also deals with issues related to character and timing of recognition. Issues of taxation for entities other than individuals, including corporation, subchapter: corporations, partnerships, estates, and trusts. It also includes corporate distributions, liquidations, and reorganizations.
Pre Requisite: ACCT302

ACCT312 - International Accounting Standards - 3 credits

The objective of the course is to provide students with the essential knowledge of accounting under International Financial Reporting Standards (IFRS). The core of the course deals with the rules and techniques of financial accounting according to IFRS. It covers all major accounting issues (recognition, measurement and disclosure) which have to be dealt with when preparing and interpreting financial statements under IFRS. Main differences to US Generally Accepted Accounting Principles (US GAAP) are also discussed.
Pre Requisite: ACCT302

ACCT314 - Advanced Auditing - 3 credits

This course builds on the material covered in auditing principles (ACCT 304). It covers the design of audit programs and detailed substantive audit tests and procedures for financial statement accounts, audit sampling, auditors’ legal responsibilities, and other assurance and non-assurance services.
Pre Requisite: ACCT304

ACCT318 - Contemporary Issues in Accounting - 3 credits

Accounting topics of current concern to faculty and students will be discussed in this course. This course is offered only when faculty are available and sufficient student interest exists. Course content will be announced in advance of scheduled offerings. Special topics include business valuation, contact and venture accounting, petroleum accounting, partnership and branch accounting, accounting for the environment, and segment and interim reporting.
Pre Requisite: ACCT302

ACCT389 - Senior Seminar - 1 credit

This course is designed to provide senior business students with an opportunity to conduct a seminar integrating two or three topics in the student’s area of concentration. Each student must give on oral presentation. Faculty members will assist as coordinators or resource consultants. The written research paper must be presented to the Faculty of Business.