Accounting

Accounting

Overview

The Accounting BA (Hons) course introduces basic accounting ideas, elements, and reporting processes. It's a compelling course that covers theoretical and practical applications with many methods and modules.

A periodic process to improve students's abilities by delivering complete knowledge and skills. With this, students can make financial reports, explore economic data, and secure accounting values. This degree is in high demand in various industries like business, finance, healthcare, and government.

Objectives

  1. Understanding accounting principles and concepts.
  2. Acquiring practical skills in financial and management accounting.
  3. Proficiency in accounting software and tools.
  4. Fostering analytical and problem-solving abilities.

Prerequisites

  1. High school diploma or equivalent
  2. Basic knowledge of mathematics and business concepts
  3. English language proficiency

Curriculum Outline

  1. Introduction to financial accounting concepts and principles
  2. Accounting cycle
  3. Financial statements (income statement, balance sheet, statement of cash flows)
  4. Revenue recognition and expense recognition
  5. Inventory and cost of goods sold
  6. Property, plant, and equipment
  7. Intangible assets
  8. Current liabilities and long-term liabilities
  9. Equity
  10. Financial statement analysis
  11. Cost-volume-profit analysis
  12. Budgeting
  13. Variance analysis
  14. Activity-based costing
  15. Responsibility accounting
  16. Capital budgeting
  17. Process costing
  18. Hybrid costing
  19. Standard costing
  20. Variance analysis
  21. Cost-volume-profit analysis
  22. Advanced topics in financial accounting
  23. Investments
  24. Pensions
  25. Derivatives
  26. Foreign currency translation
  27. Advanced topics in financial accounting (continued)
  28. Leases
  29. Business combinations
  30. Consolidations
  31. Reorganisations
  32. Auditing standards
  33. Audit procedures
  34. Internal controls
  35. Fraud auditing
  36. IT auditing
  37. Federal income taxation
  38. State and local taxation
  39. Business taxes
  40. Tax planning
  41. Financial markets
  42. Financial analysis
  43. Capital budgeting
  44. Risk management
  45. Portfolio management
  46. Accounting information systems
  47. Database management
  48. Financial reporting systems
  49. Business contracts
  50. Corporate law
  51. Securities law
  52. Antitrust law

Teaching Method

  1. Lectures
  2. Case studies
  3. Group discussions
  4. Practical exercises
  5. Simulations
  6. Guest lectures
  7. Online resources

Modules

  1. Introduction to Accounting
  2. Financial Accounting
  3. Management Accounting
  4. Cost Accounting
  5. Auditing
  6. Taxation
  7. Financial Reporting
  8. Accounting Software

Assessment Methods

  1. Written exams
  2. Assignments
  3. Projects
  4. Quizzes
  5. Case studies
  6. Presentations
  7. Practical exams

Course Duration

The course length is 3-5 years and may vary depending on the programme and institution.

But in the UK, the average accounting BA (Hons) course length is:

  1. Full-time 03 years.
  2. Full-time 04 years, if undertaking a foundation year.
  3. Full-time 04 years, if undertaking year-long industry placement.
  4. Full-time 05 years, if undertaking foundation year and year-long industry​ placement.

Facilities

  1. Academic advising.
  2. Smart and modern classrooms.
  3. Computer labs (accounting software).
  4. Well-stocked library.
  5. Quiet study areas.
  6. Online databases.
  7. Tutoring services.
  8. Accounting laboratories (hands-on practice and experimentation).
  9. Accounting clubs or societies.
  10. Wheelchair-accessible facilities.
  11. Assistive technology (students with disabilities).
  12. Career counselling.
  13. Partnerships with accounting firms.
  14. Online learning resources.

Career Pathways

  1. Accountant
  2. Financial analyst
  3. Auditor
  4. Tax consultant
  5. Controller
  6. CFO
  7. Entrepreneur

Fees and Fundings

  1. Tuition fees vary depending on the institution
  2. Scholarship opportunities may be available
  3. Government loans may be available

Entry Requirements

  1. High school diploma or equivalent
  2. Minimum GPA requirements may vary
  3. Standardised test scores (e.g., GMAT, GRE) may be required for some programmes

Field Work and Internships

  1. Opportunities for internships in accounting firms, corporations, and government agencies
  2. Practical experience enhances employability

Certifications

  1. Certified Public Accountant (CPA)
  2. Certified Management Accountant (CMA)
  3. Certified Internal Auditor (CIA)
  4. Certified Financial Analyst (CFA)
  5. Certified Fraud Examiner (CFE)
  6. Certified Internal Auditor (CIA)
  7. Enrolled Agent (EA)
  8. Chartered Global Management Accountant (CGMA)
  9. Financial Services for Internal Auditors Certificate (FSAC)

Intakes

  1. Typically twice a year (fall and spring)

Student Testimony

"Becoming a CPA is no easy task, but nothing will help you feel more prepared than Shepherd's accounting programme." -- Says "Hunter Horman – Class of 2024 at Shepherd University."

Frequently asked questions

In accounting courses, admission may vary depending on the specific university or institution. However, the common requirements are:

  1. Academic qualifications
  2. Entrance exams
  3. English language proficiency
  4. Personal statement or essay
  5. Letters of recommendation
  6. Portfolio (optional)