303101 Principles of Accounting (1) (3:3-0)
Prerequisite: None
This course covers the definition of accounting, the role accounting plays in the business environment, and its historical development. The course discusses the definition of the economic unit and its relation to the accounting cycle, and the accounting system and its components. It covers the recording of financial transactions relating to capital investment, fixed asset, cash, inventory, notes payable and notes receivable and other transactions. The course ends with preparing the income statement and balance sheet. Accounting principles, concepts, and postulates are also discussed briefly.
303102 Principles of Accounting (2) (3:3-0)
Prerequisite: 303101
This course is a continuation of Accounting Principles (1) furthering the students understanding of the basic accounting concepts and principles. It covers the end -of- period adjustments for balance sheet elements such as current assets, property, plant and equipment, investments, liabilities, owners' equity, and other balance sheet elements. The course also covers the end - of - period adjustments for income statement elements. The course concludes with detailed discussion for classification and preparation of financial statement.
303201 Accounting for Corporations and Partnerships (3:3-0)
Prerequisite: 303102
This course covers accounting for partnerships including: Capital formation, distribution of profit and loss, change in partnership contracts, preparation of financial statement, and partnerships liquidation. The course also covers corporate accounting including: Issuance and redemption of shares and bonds, changes in capital, preparation of financial statements for corporation and accounting for limited liability companies.
303205 Accounting for Financial Institutions (3:3-0)
Prerequisite: 303102
This course discusses accounting for financial institution such as banks and insurance companies. It covers the operations of banks and their departments. In addition, it covers in detail the accounting practices in the different departments of the financial institution such as: Deposits and current accounts, letters of credit and letters of guarantee and bills of collection. It also covers the preparation of banks financial statements. This course also introduces insurance and its different types, and the accounting for different insurance types with concentration on life insurance.
303210 Cost Accounting (3:3-0)
Prerequisite: 303102
This course deals with the nature of cost accounting and its role in the organization. It explains cost elements, costs classification, cost systems (Job order and Process). In addition, it illustrates methods of allocation and apportionment, joint costs, cost behavior and cost-volume-profit relationship. Financial statements for manufacturing companies are also explained in this course. Finally, cost theories are also discussed in this course.
303215 Intermediate Accounting (3:3-0)
Prerequisite: 303102
The course explains in detail the accounting for the major elements of financial statements. It covers the accounting treatments for the following topics: Investments in bonds and stock when the percentage of ownership is below 50%; Property; Plant; Equipment; Natural resources and intangibles; Short-and long-term liabilities; Leases; Revenue recognition in both long-term construction contracts and instalments sales. Finally, the course ends with discussion for the preparation of cash flow and changes in owners' equity statements.
303301 Managerial Accounting (3:3-0)
Prerequisite: 303210
This course explains the use of accounting information for managerial purposes for making rational decisions. It includes such topics as cost classification and behavior, cost- volume-profit analysis; Relevant cost for decision making, pricing decision; Make or buy decisions; Decentralized management; Budgeting and operational and capital budgets.
303305 Financial Statements Analysis (3:3-0)
Prerequisite: 303102
The course covers the approaches and methods used in analyzing corporate financial statements. Those statements include: Income statement, balance sheet and cash flow statement. The analysis aims to measure and assess the entity's performance with regard to profitability, liquidity, capital structure and risk. In addition, the course presents some techniques used in credit analysis and in forecasting financial failure. The calculation of basic and diluted earnings per share is also discussed in this course.
303310 Accounting Information Systems (3:3-0)
Prerequisite: 303102 + 9600101
This course covers the basic concepts, functions, and the factors influencing the design of an accounting information system and its main sub-systems. It also covers the basic concepts of designing a database for an accounting information system and it includes the basic concept of a computerized accounting system and its controls. In addition, the course includes practical application of the previous topics by using the accounting package ACCPAC.
3-3315 Governmental Accounting (3:3-0)
Prerequisite: 303102
This course covers objectives and characteristics of accounting systems used in governmental entities compared to those applied in profit-oriented companies. It explains governmental accounting principles and reporting standards in relation to: Revenues, expenditures, and budgeting. Furthermore, the course discusses the following governmental accounting topics in Jordan: Budgetary accounting and reporting, budget preparation and implementation, planning of government financial policy, assigning responsibilities and control and internal and external auditing.
303320 Accounting for Special Institutions (3:3-0)
Prerequisite: 303102
This course is concerned with accounting for specialized entities and firms such as co-operatives, hospitals, hotels, catering firms, social clubs, business entities professions, and construction companies, and the preparation of financial statements for such firms. This course also deals with accounting for firms' departments and branches. The course concludes with discussion for the accounting treatment for consignment goods.
303325 Accounting Theory (3:3-0)
Prerequisite: 303201
This course discusses the historical background of accounting. It also explains the theoretical framework, principles, standards and concepts of the accounting. In addition, income concepts, measurement of revenue, and issues related to expenses, assets, liabilities, and inflation accounting are also discussed. Furthermore, the course illustrates accounting theories such as agency theory and positive accounting theory and the effect of such theories on accounting practices.
303330 Auditing (3:3-0)
Prerequisite: 303201
This course discusses auditing definitions, the difference between auditing and accounting, auditing principles and standards, auditing types, errors and fraud, auditing evidence, evaluation of internal audit and control, and the auditor rights and responsibilities according to the professions and the regulations. In addition, the course explains the preparation of the auditor report.
303335 Islamic Accounting (3:3-0)
Prerequisite: 303102
This course discusses the accounting system from an Islamic perspective; It presents the history and evolution of accounting in the Islamic State and the effect of Islamic Sharia on accounting principles and concepts. In addition, this course presents some topics related to Islamic financial institutions such as Mudaraba and Murabaha and the relevant accounting treatments for such transactions.
303405 Accounting Using Computer (3:3-0)
Prerequisite: 303102 + 9600101
This course covers the basic concepts of spreadsheet (Microsoft Excel Program) and its applications in different accounting and financial topics. In addition, it explains the use of accounting and financial data in Microsoft Access program as a database.
303410 Advanced Accounting (3:3-0)
Prerequisite: 303201
This course discusses the accounting issues of merger, acquisition and consolidated financial statements. In addition, it includes accounting transactions between the holding company and its subsidiaries. Furthermore, the course presents the effects of changes in foreign exchange rates and its effect on consolidated financial Statements.
303415 Tax Accounting (3:3-0)
Prerequisite: 303201
This course presents the theory of taxation; Taxable income for employees and companies and tax relating to revenues and capital expediters. In addition, it covers the tax treatments for depreciation, reserves, gross profit and net profit or loss.
303420 International Accounting Standards (3:3-0)
Prerequisite: 303215
This course illustrates the international accounting standards (IAS) and International Financial Reporting Standards (IFRS). It presents the major requirements of such standards including practical cases which explain these standards and their implementations. In addition, it presents the explanatory notes issued by IASB related to the above standards and their amendments.
303425 International Auditing Standards (3:3-0)
Prerequisite: 303330
The purpose of this course is to present the international auditing standards, to examine the significant of their applications by both auditors and professionals and to present the need for the implementation of these standards internationally as well as in Jordan. This course covers most of auditing standards such as: Responsibilities of the auditor, audit planning, internal control, audit evidences, auditor report, and other standards.
303430 Cost Accounting (2) (3:3-0)
Prerequisite: 303210
This course aims to describe the importance of the control procedures related to costs. In addition, it explains the actual and standard costing systems, the determination of variances related to cost items, and sales and profits, including the related accounting treatments for such variances. Finally, this course explains some contemporary cost systems such as Activity-Based-Costing (ABC) system.
303435 Accounting Studies in English (3:3-0)
Prerequisite: 303301
The objectives of this course are to present the fundamental concepts of financial accounting, and major topics related to cost accounting and management accounting in English. In addition, this course aims to extend the basic knowledge of the topics discussed, using English terms.
303430 Seminar in Accounting (3:3-0)
Prerequisite: Fourth Year
The course discusses methods and techniques of scientific research used in accounting research. Accounting issues related to contemporary accounting theories are discussed with students. Each student is required to select a subject for her/his research and present it in the class.