Why Accounting?

The Department of Accounting offers a Bachelor of Science (B.S.) degree program. The objective of the degree program is to offer an academic base equipping students to be life-long learners who will then mature as professionals in the world of business in general and accounting in particular. The accounting curriculum prepares graduates for a variety of careers in public, private and not-for-profit (non-governmental organizations) entities, also to continue in graduate studies (graduate programs). Students who plan to pursue graduate studies should consider the entrance requirements of the graduate degree program which they desire to enter. Faculty advisors will work closely with these students to assist them in planning their course work to meet the graduate degree program requirements and other professional certificates such as Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Management Accountant (CMA) or Certified Internal Management Accountant (CIMA). Since the inception of this program recently, accounting graduates may establish careers in every segment of the business world. Employment opportunities range from national, regional, and local public accounting firms to corporations, sole proprietorships, and government entities. The accounting profession offers a promising future for young-men and young-women who are comfortable in meeting people, expressing themselves, working in changing environments, and who possess an inquiring and logical thought process.

Program Benchmarks for Department of Accounting

It is our expectation that graduates of the Accounting Department will be able to:

1.Demonstrate an understanding of accounting principles and practices that will allow them to record, analyze and communicate financial information useful to owners, managers and other stakeholders.

2.Identify the roles played by accountants in society providing and ensuring the integrity of financial and other information.

3.Prepare financial statements that comply with International Accounting Standards (IAS) & International Financial Reporting Standards (IFRS).

4.Uses computerized accounting software and understand the role of AIS in value creation in a business organization.

5.Demonstrate proficiency in tax policy and domestic income tax law and able to explain the importance of compliance for individuals and enterprises.

6.Conduct a thorough financial analysis and provide appropriate recommendations.

7.Understand generally accepted auditing standards and apply the knowledge in an audit simulation.


Career Opportunities in Accounting:

Treasurers and finance officers direct an organization budgets and financial objectives by overseeing the investment of funds and managing associated risks, supervising cash management activities, addressing mergers and acquisitions, and implementing capital-raising strategies to sustain a firm as it expands.

Credit managers supervise a firm issuance of credit by establishing credit-rating criteria, determining credit ceilings, and monitoring collection of unsettled accounts. Financial and accounting systems for the banking transactions of multinational organizations are developed by managers who specialize in international finance.

Financial managers responsibilities vary according to position. Specific titles include controller, treasurer or finance officer, credit manager, cash manager, and risk and insurance manager. Controllers prepare special reports as required by regulatory authorities and oversee the preparation of financial reports, such as income statements, balance sheets, and analyses of future earnings or expenses, which describe and predict the organizations financial position. In many firms, controllers supervise the accounting, audit, and budget departments. Here, are other job opportunities:

Accounting manager / Accounting officer / Accountant

Cost Estimators / Finance officer

Auditing manager

Tax Accountant / Examiners / Collectors / and Revenues Agents

Management Accountant and others.