The College of Business Administration
XXXXXXXX University, Gaza
Proposal for
Master's Degree in Accounting
Prepared by:
eMad AbuShaaban:
February 2003
College of Business Administration
Degree Programs
The principal objective of the College of Business Administration is to meet the needs of modern society by effectively educating men and women for business and administration.
The college's accessibility enables it to offer a complete education for business at various times of the day and evening which fits student employment and transportation requirements. Location and scheduling enable the college to enrich its offerings by augmenting its full-time faculty with part-time instructors drawn from specialized business and professional fields.
The curriculum is devised to prepare the student for professional success and social responsibility. Exposure to the curriculum is intended to shorten the apprenticeship of those who aspire to leadership in business and comparable administrative work in government and other social institutions.
The college offers …….. programs leading to the master's degree. These degree programs are offered primarily in the evening/afternoon, and can be earned through full and part-time study. The …….. degrees are:
1. The Master of Science in Accounting degree, granted to those who complete a professional sequence in accounting and related subjects. (M.S.A.).
2. The Master of ….
3. The Master of …
College Entrance requirements and Procedure
Applicant for the programs screened on the basis of the following:
1. Undergraduate performance
2. Career accomplishment
3. Personal interview
4. TOEFL Score
5. GMAT Score
Master of Science in Accounting
The Master of Science in accounting degree offered by the College of Business Administration is designed to meet the needs of three groups of students:
1. Students who would like to complete the academic education needed for teaching in business colleges.
2. Students who would prefer a terminal program enable them to enter the fields of public accounting, industrial accounting, governmental and social institutions.
3. Students who would like to complete the professional training needed for the Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and/or Certified Management Accountant (C.M.A.) Examinations.
Students who wish to be admitted to the graduate study in accounting should consult the Graduate Advisor or the Dean of Graduate Study.
Admission to Graduate Study in Accounting
Admission to Master's Degree in Accounting requires the following:
1. Student should have a minimum undergraduate average (B) 3.0 in scale 4.0 points in all undergraduate work and minimum (B) in all accounting courses.
2. Student should have a minimum of (4) four years experience in a recognized institution in the field of accounting; a less period could be accepted if it was a leadership position.
3. Student should pass an interview held by the college of business, headed by the Dean of Graduate study or the Dean of the Business collage.
4. Student should supply evidence that he meets the language requirement for undertaking graduate study in English. Some of this evidence is a minimum of 500 in the paper based TOEFL test, or ….. The computer based TOEFL test, or ……. In the IESL test, or have an average of (B) in the prerequisites five courses which are provided as an English language waiver.
5. Student should have a minimum 1000 points for a combination of the GMAT Score and the average score [ 3.00 GPA x 200 factor ] + 400 GMAT Score = 1000 pints
6. Students who wish to appeal rejection for admission to a particular master's program may make their appeals to the Dean of Graduate study or the Dean of College of Business Administration.
Transfer Credit
1. Up to six, and in some cases nine, semester hours of approved transfer credit [with grades of (B) or better] may be offered toward the minimum requirements for an individual degree.
2. Transfer Credit is not given for the core courses.
3. Courses offered for transfer credit must be taken and completed as an admitted graduate student at the university from which they are being transferred within six years of the date they are accepted in the MSA.
4. Decisions about transfer credit are made by the Graduate Study Dean or the Dean of College of Business Administration.
Length of Study
The MSA program varies in length. For students with no background of course work in mathematics, statistics, legal studies, data processing, computer science, economics, accounting, and business administration must take remedial courses could take ….. semester hours. However, most students complete the MSA with a minimum of 45 ….. Semester hours.
Full/Part-time Student
Student considered full-timer if he is registered in minimum 9 semester hours in fall and spring and 6 semester hours in summer. The maximum number of semester hours allowed for student to register is 15 semester hours for fall and spring and 9 semester hours for the summer.
Tuition and Fees
Fees per Semester Hour JD
Tuition Fee 85
Fees per Semester JD
Application Fee 45
Evaluation Fee 15
Library Fee 20
Computer Lab Fee 25
Student Activity Fee 15
Total 120
Admission to Candidacy
A student becomes a candidate for the degree of Master of Science in Accounting upon satisfactory completion of a minimum of five courses carrying graduate credit with grades of A and B, and upon approval by the Graduate Study Dean or the Dean of the College of Business Administration.
Requirements for the Master of Science Degree in Accounting
Completion of a minimum of 45 semester hours of graduate credit. This may include up to six semester hours of approved transfer credit. A grade point average of 3.0 (B) must be maintained. The Master's program includes two phases. Phase one includes common body knowledge with a total of 24 semester hours and phase two includes accounting area of concentration, the core courses with a total of 21 semester hours.
Phase one
Phase one includes common body knowledge courses. These courses are open to graduate students. Phase one includes 24 semester hours distributed on law, statistics, economics and Business administration as follows: LAW 3, STAT 6, ECON 6, BUSA 6, FIN 6.
Student may select from the following courses according to their categories.
LAW 510 Legal Environment, Ethics, and Social Responsibility
This course includes a study of the judicial and legislative processes and their role in dealing with significant modern business problems. Includes a review of the major legal, social, political, economic, and ethic questions confronting business.
STAT 511 Quantitative Methods
A study of the necessary background concepts and techniques of mathematics and basic business methods used in more advanced courses. Includes a review of basic mathematics, an introduction to linear algebra and systems of equations, matrices, and basic concepts of probability and statistics.
STAT 512 Quantitative methods for accounting application
This course covers the applications and limitations of various quantitative techniques to financial accounting, cost accounting, managerial accounting, budgetary, auditing and information systems. Topics include sampling and statistical analysis of data, matrix algebra and linear programming, regression and correlation analysis, inventory models, critical path methods and queuing.
STAT 513 Intermediate Statistics
This course covers the use of model building and data analysis techniques, including computer packages. Topics include survey sampling, one and two way analysis of variance, non-orthogonal factorial design, matrix based multiple regression, polynomial models, and stepwise regression. Violation of assumptions and other problems in analysis of variance and regression will be treated.
STAT 514 Statistical Inference
The course introduces students to important statistical concepts and skills needed by administrators. Covers binomial, normal, and other distributions, small and large sample statistical inference, linear regression and correlation, and an introduction to simulation.
ECON 520 The Economic Environment
This course deals with the principal characteristics and functions of modern and developed economic system, which consider both the economics of the firm and the economy as a whole. It covers price and distribution theories, national income analysis, and gross national product accounting, principles and techniques of economic analysis as well as government policy implications of the theories.
ECON 521 Macroeconomics
Theoretical aspects of the concept of national income, and of the interrelations between consumption, savings, investment, and employment. Implications of national income analysis for fiscal and monetary policies.
ECON 522 Fiscal and Monetary Policy
Theory and application of classical, neo-classical, and Keynesian macroeconomic models to fiscal and monetary problems. Current issues of fiscal and monetary policy.
ECON 523 Managerial Economics
The course covers the applications of economics to decision making of the firm. Topics include principles of profit maximization, concepts of market demand, and the study of phenomena affecting costs. Implications derived for policies concerning hiring factors of production, making investments, and determining price structures, relating to regulatory agencies, and interacting in a competitive business world.
ECON 524 Public Finance
The course covers public expenditure theory, revenues, supply, and demand of public goods, criteria for optimal allocation of resources. Philosophy in practices an incidence of taxation and public loans. Loans and taxes and expenditures effect. Emphasis on major models in development are presented and evaluated from theoretical and practical perspectives. This includes mainstream capital-centered and dualistic theories, growth with equity, basic needs.
BUSA 530 Behavioral Science Systems for Management
Current behavioral science concepts as applied to human relations in a business organization. Employee needs and job characteristics, methods of motivation, job enlargement and job enrichment, goal-oriented management, effect of the systems approach to management on the employee and the organization structure, administration of employee and executive development programs.
BUSA 531 Advanced Information Systems
Bridges the gap between business functional areas and computer potentials. Survey of the systems analysis and design, information flow, data base implementations and control of information systems. The structured analysis and logical design of business information systems. Techniques for stating and analyzing requirements. Logical design specification of system outputs, inputs, files and processing. Procedures for system cost and benefit analysis. The life-cycle concept of information system development. Acceptance criteria, user relationships and responsibilities.
BUSA 532 Strategic Planning and Policy Determination
A case oriented course integrating in the context of a total enterprise the problems and approaches to formulation of company strategy, policy structure, and programs of action. From the top management standpoint, it involves the student in decision-making requiring knowledge and skills gained from prior accounting, finance, marketing, management, and personnel studies. Among the strategy areas covered in comprehensive cases are the behavioral, financial, marketing, legal, and general managerial factors in business context.
BUSA 533 Organization Theory
This course is a critical examination of classical and modern theories of organization. It survey of scientific management; human relations; institutional economics; contemporary theories of business organization and cybernetics.
BUSA 534 Decision Making under Uncertainty
Use of mathematical model building and decision rules that aid management in an environment that includes risk and uncertainty. Topics include tree analysis and bayesian decision rules, utility analysis and the measurement of risk, stochastic processes, and PERT-CPM and game theory.
FIN 540 Managerial Accounting
The course covers the structure of financial statements and the conceptual framework of financial accounting and published statements. Topics include cash flows statements, financial statements analysis, consolidated financial statements, business decision-making: cost concepts and classification, buy-sell, cost analysis and control, budgeting: the master budget, analysis of long-term projects.
FIN 541 Finance and Financial Management
This course introduces the functional aspect of management, an in-depth analysis in using the analytical financial techniques with respect to sources of funds and utilization of those sources. Topics include cost-profit-volume, ratio analysis, funds flow analysis, capital budgeting, capital structure, and working capital management.
FIN 542 Capital Markets
The interrelationship between the money market, capital markets, commercial banks, and various non-bank financial institutions. Interest rate theory and foreign exchange markets are explored. Measuring cost of capital, cost of debt, cost of preferred stock, cost of residual equity, externally obtained funds, internally obtained. Making adjustments for risk
Phase Two
Phase two includes accounting area of concentration These courses are open to graduate students. Phase two includes 21 semester hours to be selected from the following accounting courses:
ACCT 550 Advanced Accounting
Partnerships, joint ventures; present value concepts and applications; bankruptcy and corporate reorganization; installment sales and consignments; accounting for branches and for estates and trusts; consolidated financial statements.
ACCT 551 Advance Cost Accounting
A variety of higher level topics in cost accounting: the design of cost accounting system to help management achieve sound planning and control, transfer pricing, measurement of managerial performance, direct costing, decision models, and the quantitative approach to cost accounting.
ACCT 552 Advance Auditing
A more advanced and intensive of auditing theory, including statements on auditing standards and other pronouncements of professional organizations; emphasis on the application of theory to specific problems by using the case study method; contemporary professional issues including auditing through the computer and statistical sampling.
ACCT 553 Advance Taxes
Among the income tax topics covered are tax accounting, corporations, partnerships, estates and trusts, tax-free corporate reorganizations and exchanges. Numerous problems aim to give the students practice in the preparation of the various kinds of tax returns with the aid of the law, the regulations and commercial tax reference services.
ACCT 554 International Accounting and Taxation
International Accounting standards, generally accepted accounting principles of foreign operations; uniform accounting; accounting within a macro-economic framework; international flow of accounting thoughts; the micro-economic approach; special accounting problems of the multinational corporation; foreign currencies in accounts, international financial reporting; emphasizing tax considerations of foreign earnings and other tax problems.
ACCT 555 Governmental Accounting and Fund Accounting
The accounting principles and practices of governmental and other non-profit organization, including fund accounting, revenues and expenditures, assets and liabilities, and reporting. Emphasis on the non-profit non-governmental entities.
ACCT 556 Advance Accounting Theory
Accounting concepts of asset valuation, balance sheet and income determination; accounting objectives; generally accepted accounting principles; statutory accounting; controversial concepts. FASB pronouncements; interpretations; concepts; EITF; implementation guides; international accounting standards; and other authoritative bodies.
ACCT 557 Electronic Accounting: Information Flow
An introduction to information flow; the total system concept and the organization. Historical development of information flow; responsibility center as a conventional tool for accounting control, data base implementation; the role of computer facilities in bridging the gap between functional areas and electronic data processing systems; data entry devices and internal control systems.
ACCT 558 Pension, Profit Sharing, and Deferred Compensation
Accounting principles and statement preparation problems related to pensions and deferred compensation; various forms and employee compensation; taxation problems for the employer and employee; problems and case studies for class discussion. Materials include: choice of plan; taxation of distributions; deductions and funding; reporting and disclosure; fiduciary responsibility; hours of service and alternatives; qualification and termination procedures; non-qualified plans; welfare benefit plans-group insurance; accident and health; prepaid legal services.
ACCT 559 SEC Accounting and Reporting
Origin and nature of the SEC; legal framework of the SEC: SEC registration and reporting requirements; comparison of the SEC and corporate reporting; impact of the SEC on the accounting profession and the business community related to auditing changes, legal liability, disclosure requirements, and development of accounting principles.
English Language Waiver
Student, who could not supply evidence that he meets the language requirement for undertaking graduate study in English, he should take the five prerequisites undergraduate courses. Student should pass all of them with grade (B) at minimum. Grades of these courses are not considered in GPA of the master degree. The English language waiver courses are the following:
410 Financial Accounting I
This course equips the student with generally accepted accounting principals pertaining to assets measurement and valuation. Emphasis is placed on current, fixed, and intangible assets. Related materials from Accounting Research Studies. Opinions and FASB statements are also covered.
411 Financial Accounting II
This course covers the liabilities and owner equity sections of the balance sheet. Related Accounting Research Studies, Opinions and FASB statements are also covered. Emphasis is on leases, pension cost, price-level reporting, and funds flow.
412 Principles of Cost Accounting
This course provides students majoring in accounting with an in-depth study of cost accounting, as an internal information plan needed for managerial decisions. Cost measurement, methods of allocations, and reporting. Emphasis on standard costing, direct costing, process costing, manufacturing overhead, budgeting, and analysis of variance.
413 Principles of Auditing
The course covers the auditing principles and accepted procedures, including the study and the preparation of working papers, audit plan, audit time-table, setup materiality level, confidence level, audit procedures for specific items and types of audit reports.
414 Individual Income Tax
This includes basic history and concepts of federal taxation; individual tax problems, including gross income, adjusted gross income, basis, capital gains and losses, business, non-business and personal deductions, tax accounting methods including inventory, installment sales, long-term contracts, income averaging, and depreciation.
GMAT Waiver
Student, who could meet the GMAT score requirements he should take a maximum of five prerequisites undergraduate courses. Student should pass all of them with grade (B) at minimum. Grades of these courses are not considered in GPA of the master degree. The GMAT requirement waiver courses are the following:
420 Intermediate Accounting I
This course contains three parts. Part one: theoretical foundation for financial reporting. Topics include the financial accounting environment, financial accounting theory, nature and measurement of elements of financial statements, basic financial statements. Part two: tools of accounting. Topics include the accounting cycle, compound interest concepts. Part three: asset accounting. Topics include cash and receivables, inventories: basic valuation methods, accounting and reporting for investments and funds, property, plant, equipment: acquisition, deprecation, depletion, disposal, intangible assets.
421 Intermediate Accounting II
This course contains three parts. Part one: liability and stockholder's equity accounting. Topics include current and contingent liabilities, long-term debt, and stockholder's equity: corporate formation and contribution capital, operations, earnings, and dividends. Part two: financial reporting. Topics include financial reporting of income tax, accounting changes and corrections errors, revenue measurement and income presentation, accounting for leases, pensions, reporting funds-flow information and changes in financial position, financial statement disclosure and analysis. Part three: Financial reporting by publicly held companies. Topics include interim, segment reporting, earning per share, financial reporting and changes prices.
422 Budgetary Control
The course covers the various types of budgets, such as cash, sales, advertising, production, labor, material, plant and equipment, and financial; the procedures in connection with the installation and control of such budgets, and budget reports for effective financial control.
423 Internal Auditing
This course deals with formulating and directing internal audit programs and carrying out detailed auditing work. Internal auditing is presented as a tool of effective management control.
424 Fundamentals of Finance
The basic cost accounting concepts, costs, using cost for decision making, budgeting/cost planning, profitability planning, application of cash flow analysis, time series analysis as a financial tool, capital budgeting – the analysis of investment alternatives, measuring the cost of capital, making adjustments for risk. Topics include budgeting, cost planning, profitability planning, conventional, relevant
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