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Accounting And Finance

Dessie Campus

UNITY UNIVERSITY


COLLEGE OF BUSINESS, ECONOMICS & SOCIAL SCIENCES DEPARTMENT OF ACCOUNTING AND FINANCE



The Department of Accounting was one of the departments of Unity University that existed during the establishment of the then Unity College in 1997. The Department commenced its operation with diploma program in accounting. Subsequently, it introduced its BA degree program in accounting in 1999. Starting from 2012, the Department of Accounting has upgraded its program and has changed its name to “Department of Accounting and Finance”. The BA degree program is offered in Addis Ababa, Gerji and Geferssa campuses and in Adama and Dessie Campuses as well. This program is also offered in distance mode too. Since 2014/2015 Academic Year, the Department has started offering Masters of Science Degree in Accounting and Finance, in Addis Ababa, Gerji Main Campus. Both programs are offered in regular and evening sessions.



Bachelor of Arts in Accounting & Finance



1. OBJECTIVES OF THE ACFN PROGRAM


The program prepares students to become professional in financial analysis and capable of executing Cost Accounting, Budgetary Accounting, Tax accounting, Governmental and Non-Governmental Organizations Accounting and applying accounting concepts and principles while reporting.



2. OBJECTIVES OF THE PROGRAM


2.1. General Objective

The Department of Accounting and Finance of Unity University seeks to fulfill a primary mission of delivering quality instruction that provide students with a general education foundation, a comprehensive understanding of general business concepts and principles, the requisite conceptual and technical knowledge of accounting and finance; and the basis for multi-dimensional roles required of professional auditors, accountants and financial managers.



2.2. Specific Objectives

The specific objectives of the program are to

  • Train and develop competent Accounting and Finance professionals for businesses and society at large.
  • Enable students to have innovative and creative mind-set stressing on different accounting aspects.
  • Train individuals who could assume functional areas related to accounting, cost, auditing, finance, and taxation in both corporate and public sector
  • Train individuals who will be capable of providing consultancy services in the areas of Accounting, Auditing, Finance, Cost , Taxation and Etc
  • Enhance the quality of accounting education and practices through conducting researches in the areas of accounting, finance, auditing, cost and taxation.
  • 3. GRADUATE PROFILE


    The graduate profile is the base for designing a curriculum that would lead to the realization of the desired output. Accounting and finance degree graduates are expected to assume functional responsibilities in any sector where accountability and transparency are needed. They can assume positions in the areas of:


    a) Accounting

    • General accounts, records and reports; payroll processing and billings
    • Cost and managerial accounting and control, data generation and supervisions
    • Overhead charges computations, pricing and valuations
    • Tax analysis and its administration
    • b) Financial Management

      • Performs Jobs of Financial Management
      • Treasury/cash management
      • Credit management
      • Disbursement voucher process and control
      • Bank reconciliation and banking activities
      • Tax item data generation, assessment and reporting
      • Risk management & insurance
      • Revenue & expenditure management
      • c) Financial Analysis

        • Financial Forecasting and Trend analysis
        • Performance analysis
        • Compilation of data for project proposals, execution & monitoring for project preparation and evaluation
        • d) Auditing (internal and external)

          • Financial Forecasting and Trend analysis
          • Performance analysis
          • Compilation of data for project proposals, execution & monitoring for project preparation and evaluation
          • e) Management Information Systems

            • Generation of information which is of financial and non-financial nature necessary for management
            • Analyze, Design and Install Accounting/business systems (manual or computerized)
            • f) Managerial functions

              • Procurement, stores/inventory control, marketing, credit management, review of policies and procedure manuals
              • g) Financial Administration services

                • Finance
                • Administration-personnel, material, and capital (resource)
                • The Department has, therefore, made a move towards the revision of its curriculum with the very objective of developing and implementing a curriculum that reflects the tangible needs of the country in line with the above specific purposes of the curriculum and the graduate profile without compromising its international standard.


                  4. ADMISSION REQUIREMENTS

                  A candidate to join Bachelor Degree in Accounting and Finance must meet the following minimum requirements;.

                  • Have academic achievements set by Ministry of Education
                  • Fulfill criteria set by the Senate legislation of November 2012 of the UU


                  • 5. DURATION OF THE PROGRAM


                    Three years are required for students attending the regular degree program and four years for students in the evening program.



                    6. GRADUATION REQUIREMENTS


                    To graduate from this program trainees are required to:

                    • Take all the courses in the program and cover the total credit hours (111 credit hours)
                    • Have no “F” , “I” and “NG” in any of the courses taken


                    • 8. SUMMARY OF COURSES


                      No. Course No. Course Title Cr.Hrs. ECTS Pre-requisite
                      1. ACFN 611 Accounting Information System 2 4.5 none
                      2. ACFN 615 Advanced Financial Accounting 3 7 None
                      3. ACFN 613 Applied Econometrics for Accounting & Finance 3 7 None
                      4. ACFN 626 Advanced Auditing 2 4.5 None
                      5. ACFN 622 Advanced Taxation 2 4.5 None
                      6. ACFN 628 Forensic Accounting and Ethics 2 4.5 None
                      7. ACFN 711 Financial Markets and Institutions 2 7 None
                      8. ACFN 715 Advanced Corporate Finance 3 7 ACFN 615
                      9. ACFN 713 Advanced Management Control System 2 4.5 None
                      10. ACFN 726-I Thesis I 3 7 ACFN 631
                      11. ACFN 724 International Finance 2 4.5 ACFN 615
                      12. ACFN 722 Investment Decisions and Portfolio Management 2 4.5 None
                      13. MBA 631 Research Methods 2 4.5 None
                      14. MBA 722 Strategic Management 2 4.5 None
                      15. ACFN 726-II Thesis II 3 7 ACFN 726-I
                      Total 36 82.5 ACFN 742a



                      8. COURSE DETAILS



                    • ACFN 611. Accounting Information System, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None Course Description

                      To be successful in pursuing an accounting career, today’s accounting graduates must possess a basic knowledge of the role of information systems in performing the accounting functions in contemporary business organizations and shall have sound understanding of how accounting information systems work. This course is, therefore, designed to provide you with the foundational knowledge you need to become more effective in discharging your roles as user, manager, auditor, designer, and consultant of accounting information systems. The course prepares you to play a more proactive and value-adding role in both providing and interpreting financial and non-financial information about organization activities. Technology is integral to accounting today.

                      Throughout the course, the focus will be on how IT affects business processes and controls so that you can identify new threats to internal control, determine measures to deal with those threats and redesign the underlying business processes, and assess adequacy of controls of the newly redesigned system. The course covers five major areas; namely conceptual foundation of AIS, control and audit of AIS, AIS applications, REA Data Model, and system development process. As part of the course, there will be some hands on Accounting /ERP packages.



                    • ACFN 611. Accounting Information System, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None Course Description

                      To be successful in pursuing an accounting career, today’s accounting graduates must possess a basic knowledge of the role of information systems in performing the accounting functions in contemporary business organizations and shall have sound understanding of how accounting information systems work. This course is, therefore, designed to provide you with the foundational knowledge you need to become more effective in discharging your roles as user, manager, auditor, designer, and consultant of accounting information systems. The course prepares you to play a more proactive and value-adding role in both providing and interpreting financial and non-financial information about organization activities. Technology is integral to accounting today.

                      Throughout the course, the focus will be on how IT affects business processes and controls so that you can identify new threats to internal control, determine measures to deal with those threats and redesign the underlying business processes, and assess adequacy of controls of the newly redesigned system. The course covers five major areas; namely conceptual foundation of AIS, control and audit of AIS, AIS applications, REA Data Model, and system development process. As part of the course, there will be some hands on Accounting /ERP packages.



                    • ACFN 615. Advanced Financial Accounting, Cr.hrs 3, Cont.hrs 3, ECTS Credit 7 Pre-requisite – None Course Description

                      This module aims to provide a through grounding in a number of key advanced financial statements; Accounting for foreign currency transactions & Translation; International convergence of IFRS; Analysis of foreign consolidated financial statements; Bankruptcy: Liquidation and reorganization; and Inflation Accounting.



                    • ACFN 613. Applied Econometrics for Accounting and Finance, Cr.hrs 3, Cont.hrs 3, ECTS Credit 7 Pre-requisite – None Course Description

                      Applied Econometrics for Accounting and Finance intends to introduce advances in financial econometrics during the last two decades, which has resulted in an increasing number of sophisticated models, which characterize stock market prices and returns. This course provides students with the opportunity to develop specialized quantitative skills and gain an understanding of these financial econometric models.



                    • ACFN 612 . Financial and Management Accounting, Cr. hr. 2, ECTS 4.5 Pre-requisite: None Course Description:

                      This course presents two major areas namely Financial and Managerial Accounting. The Financial Accounting part includes basic accounting, budgeting, major assets, partnership and corporate Accounting, Managerial Accounting. The concepts of Cost, Cost Volume Profit Analysis and Accounting Information for Decision Making are covered in this course.



                    • ACFN 626. Advanced Auditing, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None Course Description

                      This course concentrates on case-analysis based on accounting IFRS, and auditing standards of Local, US ND INTERNATIONAL Standards on Auditing {ISA} of IAASB; Audit reports of local and international companies; Reflects and focus on fraud cases relating to violations of accounting principles, Ethics & professional responsibility, internal control systems, and fraud & inherent risk assessment. It emphasizes the substantial benefits of using real-life case examples in helping context in particular. The course covers IFRS and ISA, performance audit & audit standards in Ethiopia, internal control& IT environment, fraud cases relating to violation of accounting principles; ethics & professional responsibility; internal systems and Inherent Risk Assessment.



                    • ACFN 622. Advanced Taxation, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None Course Description

                      Advanced Taxation course is designed to provide students with a sound understanding of taxation in general and the Ethiopian tax system in particular. It will consider the problems and options in theory while at the same time providing some insight into the practical implications of taxes. Furthermore, this course intends to create awareness among students about the role of taxation in the financial management of businesses; and also to enable students appreciate the role and significance of taxation in economic development. The course will thus provide the skills necessary to appreciate the concepts and principles underlying the various aspects of a tax system.



                    • ACFN 713. Advanced Management Control System, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None Course Description

                      This course is unique range of case studies, real examples and comprehensive coverage of the latest management control-related tools and techniques. It deals In-depth analysis of the relationship between management theory and practices, with references to a host of specific decision –making situations, Case studies and real-life examples drawn from an international range of firms and companies, including Toyota, Citibank, and Lincoln Electric, Coverage of ethical and multinational issues, across a variety of businesses, industries and not-for –profit organization and EVATm, as well as non-financial measures of performance, Discussion of the similarities and differences between management control and internal control, with reference to Sarbanes-Oxley and similar movements worldwide and Fresh emphasis on management control systems in relation to corporate governance.



                    • ACFN 711. Financial Markets and Institutions, Cr.hrs3, Cont.hrs 3, ECTS Credit 7 Pre-requisite – None Course Description

                      In a market economy, the allocation of economic resources is driven by the outcome of many private decisions. In this process, the discovery of price is critically important. Prices are signals that direct economic resource to their best use. The course does relate the role financial resources to the macroeconomic development of a nation. Financial intermediaries and their role in a market led economy will be assessed. Moreover, the controversy on the extent of financial market regulation will be discussed. The course is also about Global Finance. The course tries to link domestic and international finance activities and processes.



                    • ACFN 715. Advanced Corporate Finance, Cr.hrs3, Cont.hrs 3, ECTS Credit 7 Pre-requisite – ACFN615 Course Description

                      This course provides a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence.



                    • ACFN 628. Forensic Accounting and Ethics, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None

                      Course Description Forensic Accounting provides the most comprehensive view fraud investigation on the market. The course grounded firmly in real-world practice and includes a vast range of civil and criminal accounting fraud and related activities. From false business valuations and employer fraud to information security and counter-terrorism. The course presents three major theories of ethics, Plus applicable ethical decision –making models as well as opportunities to apply ethical models to real-world situations. Ethics coverage integrated throughout the course to understand this topic’s importance vis-a vis accounting fraud. It also deals the ethical commitment needed to ensure that work meets the highest standards of integrity, independence, and objectivity.



                    • MBA 721. Strategic Management, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – None Course Description This course is design to include environmental analysis, component of corporate strategies, formulation and implantation of strategy and actions, and process that should be considered in strategic development.


                    • ACFN 724. International Finance, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – ACFN615 Course Description This course covers International Financial Management; Low of Fund, Basis of Exchanges and interest rate Long-Term and Short-Term Asset and Liability Management and International Banking & Capital Budget


                    • ACFN 722. Investment Decisions and Portfolio Management, Cr.hrs 2, Cont.hrs 2, ECTS Credit 4.5 Pre-requisite – ACFN615 Course Description

                      This course is designed to introduce students with basic security valuation theories and portfolio management. The focus is placed on understanding how rational investors select portfolios of securities in an attempt to meet a predetermined set of goals. This course covers broad overview of investments, investment environment, financial markets and instruments, security valuation theories (top-down and bottom up), risk and return relationship, portfolio construction and management strategies and technicalities, and finally efficient portfolio selection and management.



                    • ACFN 726-I and ACFN726-II. Thesis I & II, Cr.hrs 6, Cont.hrs 6, ECTS Credit 14 Pre-requisite – MBA721 MBA631, ACFN726-I Course Description: Graduate students enrolled this course, while working under a supervision of a member of the faculty and they are expected to plan and conduct an independent research project work, to submit for review and approval, and to present their work for an oral defense.



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