Objective
The objective of the accounting studies program is to provide learning opportunities to students who are interested in developing their business career by teaching them accounting principles, preparation of financial statements for different types of business organizations and enhancing their analytical and technical skills for the purpose of using financial data in decision making. Moreover, the program focuses on the relationship between the company's management and the independent auditors including the legal responsibilities and liabilities for each party.
Course Description
- CACT 101 Principles of Accounting I
This course introduces students to principles of recording transactions, the preparation of financial statements, and completion of the accounting cycle.
- CACT 201 Principles of Accounting II
This course is a continuation of Accounting I. It covers depreciation policies and procedures, depletion and amortization, income determination, partnership accounts, corporate capital accounts, dividends and retained earnings.
- CACT 301 Cost Accounting and Control
This course focuses on the nature and purpose of cost accounting; basic techniques of process and job costing; accounting of materials, labor and overhead; development and use of cost budgets and standards for planning and evaluation of performance; cost classification in relation to behavior; and cost condition statements as tools for evaluating alternative courses of action.
- CACT 302 Auditing
This course focuses on the principles and procedures covering the public accountant’s responsibilities in examining and reporting on financial statements of business concerns, including professional ethics, legal responsibility scope, and application of audit procedures.