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Accounting Department

Academic Programs

Credits needed for the degree

A student majoring in Accounting needs to earn a total of 128 credits distributed as follows.

Category

Credits

Major

62

Minor

24

University Requirements

34

Electives

8

Total

128

 

The Accounting Major consists of a total of 62 credits to include all the 47 credit required Major courses listed in the table below and a minimum of 15 credit courses to be selected from the major electives' list.

Major in Accounting


Required Accounting Major Courses (47Cr)

BUSM 101

Business Mathematics I (3)

ACCT 302

Intermediate Accounting II (3)

BUSM 102

Business Mathematics II (3)

ACCT 303

Cost Accounting (3)

ECON 101

Microeconomics (3)

ACCT 389

Senior Seminar (1)

ECON 102

Macroeconomics (3)

BUSA 210

Principles of Management (3)

ECON 234

Fund. Statistics for Business (3)

BUSA 227

Computers and Info. Systems (3)

ACCT 201

Principles of Accounting I (3)

BUSA 230

Principles of Marketing (3)

ACCT 202

Principles of Accounting II (3)

BUSA 232

Commercial Law (3)

ACCT 288

Internship I (1)

BUSA 312

Financial Management (3)

ACCT 301

Intermediate Accounting I (3)

 

 

 

Elective Accounting Major Courses (15Cr)

ACCT 304

Principles of Auditing (3)

ACCT 312

International Acct. Standards (3)

ACCT 305

Managerial Accounting (3)

ACCT 314

Advanced Auditing (3)

ACCT 306

Taxation (3)

ACCT 318

Contemporary Issues in Acct. (3)

ACCT 307

Accounting Info. System (3)

BUSA 313

Corporate Finance (3)

ACCT 308

Advanced Financial Acct. (3)

BUSA 333

Advanced Financial Mgmt. (3)

ACCT 309

Government & Fund Accounting (3)

BUSA 340

Capital Budgeting (3)

ACCT 310

Internal Auditing (3)

ECON 313

Managerial Economics (3)

ACCT 311

Federal Taxation (3)

 

 

 

Students majoring in Accounting are provided the opportunity to Minor in a discipline other than their Major field. A student may take a Minor program consisting of 24 credits in the humanities, sciences, or social sciences. A student majoring in Accounting may also take a Minor offered by the Business Department.

For Acceptance to Major Criteria refer to #9 under Academic Regulations.

Paradigm of courses


Bachelor of Business Administration in Accounting


First Year

FALL SEMESTER

CR

SPRING SEMESTER

CR

BUSA 227

Computers & Info. Systems

3

BUSA 210

Principles of Management

3

BUSM 101

Business Mathematics I

3

BUSM 102

Business Mathematics II

3

ECON 101

Microeconomics

3

ECON 102

Macroeconomics

3

ARAB 120

Arabic Language Skills I

3

ARAB 121

Arabic Language Skills II

3

ENGL 120

English Language Skills I

3

ENGL 121

English Language Skills II

3

LIBR 101

Library Skills

R

PSED 101

Physical Education

1

 

 

15

 

 

16

 

Second Year

FALL SEMESTER

CR

SPRING SEMESTER

CR

ACCT 201

Principles of Accounting I

3

ACCT 202

Principles of Accounting II

3

BUSA 230

Principles of Marketing

3

ECON 234

Fund. Statistics for Business

3

ENGL 213

English Language Skills III

3

HIST 120

History of Modern Palestine

3

SCIE 111

General Science

3

CMSR 101

Community Service

1

 

Fine Arts Requirement

2

PHIL 302

Philosophy and Ethics

3

 

General Elective

3

Minor

 

3

 

 

17

 

 

16

 

Third Year

FALL SEMESTER

CR

SPRING SEMESTER

CR

ACCT 301

Intermediate Accounting I

3

ACCT 302

Intermediate Accounting II

3

ACCT 303

Cost Accounting

3

ACCT 305

Managerial Accounting

3

BUSA 312

Financial Management

3

ACCT 306

Taxation

3

 

General Elective

2

 

Minor

3

 

Minor

3

 

Minor

3

 

Minor

3

 

 

 

 

 

17

 

 

15

 

Fourth Year

FALL SEMESTER

CR

SPRING SEMESTER

CR

ACCT 288

Internship

1

ACCT 389

Senior Seminar

1

ACCT 304

Principles of Auditing

3

ACCT 308

Advanced Financial Accounting

3

ACCT 307

Accounting Information System

3

BUSA 232

Commercial Law

3

RELS 300

Cultural Religious Studies

3

POLS 300

Themes in Political Science

3

 

Minor

3

 

Minor

3

 

General Elective

3

 

Minor

3

 

 

16

 

 

16


Minors offered by the Department of Accounting

In addition to the Major in Accounting, the Department of Accounting provides the opportunity for students to join the program towards Minors in Accounting and Finance.

Minor in Accounting

To earn this Minor, students are required to successfully complete a total of 24 credit hours of courses in Accounting as described below:

Required Courses For:

Students Majoring in Business Administration:


ACCT301

Intermediate Accounting I (3)

ACCT305

Managerial Accounting (3)

ACCT302

Intermediate Accounting II (3)

ACCT306

Taxation (3)

ACCT303

Cost Accounting (3)

 

 

In addition to 9 credit hours to be selected from other major elective courses in Accounting.

 

All Others:


ACCT 201

Principles of Accounting I (3)

ACCT302

Intermediate Accounting II (3)

ACCT 202

Principles of Accounting II (3)

ACCT303

Cost Accounting (3)

ACCT301

Intermediate Accounting I (3)

ACCT305

Managerial Accounting (3)

In addition to 6 credit hours to be selected from other major elective courses in Accounting.


Minor in Finance

The Faculty of Business Administration has recently received the accreditation of a new Minor in Finance to be offered by the Accounting department. This Minor is open to those students majoring in accounting starting January 2011.

The Minor in Finance requires the successful completion of the following courses, totaling 24 credits as described below:

Required Courses (21Cr.)


ECON 224

Money and Banking (3)

BUSF 317

International Financial Management (3)

BUSF 312

Financial Management (3)

BUSF 333

Principles of Investment(Financial Management) (3)

BUSF 313

Corporate Finance (3)

BUSF 334

Security Analysis and Portfolio Management (3)

BUSF 315

Financial Institutions (3)

 

 


Elective Courses (3Cr.)


ECON 316

Financial Institutions Management (3)

BUSF 340

Capital Budgeting (3)

BUSF 335

Speculative Markets (3)

 

 


Description of courses

ACCT 201 Principles of Accounting I (Cr. 3)

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.
Prerequisite: BUSM 102

ACCT 202 Principles of Accounting II (Cr. 3)

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.
Prerequisite: ACCT 201

ACCT 288 Internship I (Cr. 1)

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.

ACCT 301 Intermediate Accounting I (Cr. 3)

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.
Prerequisite: ACCT 202

ACCT 302 Intermediate Accounting II (Cr. 3)

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.
Prerequisite: ACCT 301

ACCT 303 Cost Accounting (Cr. 3)

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.
Prerequisite: ACCT 202

ACCT 304 Principles of Auditing (Cr. 3)

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.
Prerequisite: ACCT 302

ACCT 305 Managerial Accounting (Cr. 3)

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.
Prerequisite: ACCT 302

ACCT 306 Taxation (Cr. 3)

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.
Prerequisite: ACCT 202

ACCT 307 Accounting Information System (Cr. 3)

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.
Prerequisite: ACCT 202 and BUSA 227

ACCT 308 Advanced Financial Accounting (Cr. 3)

Accounting concepts for treating partnership formation and dissolution, (branch accounting, business combinations and consolidation of parent and subsidiary companies) are covered.
Prerequisite: ACCT 302

ACCT 309 Government and Fund Accounting (Cr. 3)

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.
Prerequisite: ACCT 302

ACCT 310 Internal Auditing (Cr. 3)

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.
Prerequisite: ACCT 302

ACCT 311 Federal Taxation (Cr. 3)

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.
Prerequisite: ACCT 202

ACCT 312 International Accounting Standards (Cr. 3)

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.
Prerequisite: ACCT 302

ACCT 314 Advanced Auditing (Cr. 3)

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.
Prerequisite: ACCT 304

ACCT 318 Contemporary Issues in Accounting (Cr. 3)

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.

ACCT 389 Senior Seminar (Cr. 1)

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 an oral presentation. Faculty members will assist as coordinators or resource consultants. The written research paper must be presented to the Faculty of Business. Required of and restricted to all accounting majors in the last term of their senior year.

Bethlehem University Foundation
Email: brds@bufusa.org
Phone: +1-240-241-4381
Fax: +1-240-553-7691
Beltsville, MD USA
Bethlehem University in the Holy Land
E-mail: info@bethlehem.edu
Phone: +972-2-274-1241
Fax: +972-2-274-4440
Bethlehem, Palestine