COLLEGE OF BUSINESS & ECONOMICS (CBE)

ACCOUNTING & FINANCE

 

DEPARTMENT OF ACCOUNTING AND FINANCE

ABOUT THE PROGRAM

The Department of Accounting and Finance offers the following degree programs:

  • Bachelor of Business Administration in Accounting
  • Bachelor of Business Administration in Finance

BACHELOR OF BUSINESS ADMINISTRATION IN ACCOUNTING

The Department’s primary objective for the Accounting program is to expose students to the many facets of accounting. It provides accounting and business knowledge about practical and conceptual accounting, and the use of accounting information for effective managerial decision-making. The program prepares students for careers in private, public, and non-profit organizations. It also provides a solid undergraduate foundation for students interested in graduate programs in Accounting or other fields of study. The Department of Accounting reviews its curriculum on a regular basis to meet dynamic changes occurring in the accounting profession and business – both local and international.

MISSION STATEMENT

The Department’s mission is to produce accounting graduates who have the academic and professional base of knowledge to meet real world challenges.

VISION

The Department’s vision is that it be recognized for its excellence in teaching, accounting research, and professional services.

VALUES

  • Appreciation of diversity of people and perspectives.
  • Commitment to excellence in teaching.
  • Concern for students and emphasis on the need for accounting students to learn to think critically and communicate effectively.
  • Integrity and ethics.
  • Global orientation
LEARNING OUTCOMES

In addition to the BBA Learning Outcomes, students graduating with a BBA in Accounting will be able to:

  1. Construct, interpret, compare, and audit annual financial statements; 
  2. Use key financial and nonfinancial measures to evaluate performance;
  3. Apply International Financial Reporting Standards;
  4. Assume the role of a professional accountant in compliance with local and international regulatory authorities;
  5. Integrate ethical standards in financial and managerial accounting and auditing practices and overcome impediments to ethical behavior;
  6. Present different costing methods applied in manufacturing and service industries; and
  7. Design, use, and maintain accounting information systems to substantiate decisions.
ACCOUNTING MAJOR COURSES (24 CREDIT HOURS)

To be awarded a BBA in Accounting, students must complete the following six courses (18 credit hours):

ACCT 301

Intermediate Accounting I

(3)

ACCT 305

Intermediate Accounting II

(3)

ACCT 365

Financial Statement Analysis

(3)

ACCT 401

Advanced Managerial Accounting

(3)

ACCT 405

Advanced Financial Accounting

(3)

ACCT 413

Accounting Capstone

(3)

In addition, students must complete two courses (6 credits) at the 300-level or above, from the following courses:

ACCT 334

Individual and Corporate Tax

(3)

ACCT 389

Special Topics

(3)

ACCT 421

International Financial Reporting Standards

(3)

BUS 389

Special Topics

(3)

BUS 489

Interdisciplinary Honors Seminar

(3)

BEAL 403

Corporate Governance and Ethics

(3)

BACHELOR OF BUSINESS ADMINISTRATION IN FINANCE

Finance is another functional area in business where graduates take on decision-making roles related to several areas of finance. Mathematical Finance, Financial Engineering, and Financial Economics have emerged as sub-fields of Finance in higher education. Hence, it is highly respected as an applied field of mathematics and economics. Finance encompasses theoretical models of mathematics and economics, builds information from accounting data in decision-making process, and uses quantitative techniques for assessing results and making decisions. Students majoring in Finance can pursue the Chartered Financial Analyst (CFA) Program, a very respected and recognized designation, to complement their degree and to make them highly attractive for a job anywhere in the world.

The different fields within Finance include: Corporate Finance, International Finance, Investments, Financial Risk Management, Banking, and Asset Management. Students can specialize in any of the fields within Finance to focus on a career path. Finance graduates can choose a career in the finance division of a bank, an investment company, a multinational corporation, a government entity, a not-for-profit organization, and international institutions such as the World Bank and the IMF, to support major tactical and strategic financial decisions. Graduates in Finance can also become successful entrepreneurs (private equity, investment, financial planning, and so on). Career titles in Finance run the spectrum from entry-level positions to the top, from Loan Officer, Project Manager, Project Planner, Budgeting Officer, Investment Specialist, Investment Advisor, Bank Manager, Hedge Fund Manager, Vice President, to Chief Financial Officer (CFO), and Chief Executive Officer (CEO).

MISSION STATEMENT

The Department’s BBA in Finance degree resembles the program structure of an American education system and standards. Its Finance program provides students with the knowledge and skills necessary for professional success. AUK enriches society by fostering an environment encouraging critical thinking, effective communication, personal growth, service, and leadership.

The Bachelor of Business Administration Program in Finance is to be recognized locally, regionally, and internationally by the scholarly and professional accomplishments of its graduates.

VALUES

The following values are to be upheld:

  • Freedom of thought, speech, and intellectual curiosity.
  • Respect for individual identity and rights.
  • Support equality for ethnic, cultural, and religious diversity.
  • Commitment to high standards of morality, integrity, and social responsibility.
  • Adherence to high professional standards and ethics.

LEARNING OUTCOMES

In addition to the BBA Learning Outcomes, students graduating with a BBA in Finance will be able to:

  1. Use time value of money concepts.
  2. Value a corporation and its financial assets and obligations.
  3. Apply Islamic finance principles in business.
  4. Construct and diversify investment portfolios
  5. Report on financial feasibility of projects and make capital investment decisions.
  6. Assess financial markets trends in Kuwait and the Gulf and their interrelations with global financial markets.
FINANCE MAJOR COURSES (24 CREDIT HOURS)

To be awarded a BBA in Finance, students must complete the following six courses (18 credit hours):

FINC 341

Corporate Finance

(3)

FINC 345

Investment and Securities Analysis

(3)

FINC 355

Financial Institutions of the Gulf

(3)

FINC 365

International Finance

(3)

FINC 413

Finance Capstone

(3)

FINC 445

Portfolio Management

(3)

In addition, students must complete two courses (6 credits) at the 300-level or above, from the following courses:

FINC 343

Financial Services Management

(3)

FINC 350

Islamic Banking and Finance

(3)

FINC 360

Financial Derivatives

(3)

FINC 389

Special Topics

(3)

FINC 440

Fixed Income Analysis

(3)

ACCT 365

Financial Statement Analysis

(3)

BUS 389

Special Topics

(3)

BUS 489

Interdisciplinary Honors Seminar

(3)

BEAL 403

Corporate Governance and Ethics

(3)

MINORS IN THE COLLEGE OF BUSINESS AND ECONOMICS

Students may elect to complement their major with a minor, defined as specialization in a discipline (field of study) outside their chosen major. Students choosing to add a minor in one of the following areas should consult an academic advisor in the appropriate discipline.
 The College oversees the following Minors:

  • Business Administration (for non-Business Majors)
  • Economics
  • Human Resource Management

The minor in Business Administration is designed for students majoring in any of AUK’s degree programs (BA, BE, or BS) except the BBA degree programs in Accounting, Economics, Finance, Management, and Marketing.

The minor in Human Resource Management is designed for students majoring in any of AUK’s degree programs.

GENERAL DEGREE REQUIREMENTS FOR A MINOR

Students may pursue one minor only. All AUK minor programs consist of a minimum of 18 credit hours, at least 9 credit hours of which must be taken in residence at AUK. No more than 9 credit hours earned from the major or general education requirements may apply towards any one minor.

MINOR IN BUSINESS ADMINISTRATION

PROGRAM PURPOSE

This minor is designed to provide non-business majors the opportunity to complement their undergraduate education with an understanding of business administration. 

PROGRAM REQUIREMENTS

The program requires students to complete six courses (18 credits) comprised of four core courses and two electives. The program may be completed in three consecutive semesters. Commencing in the student’s junior year, the four core courses provide students with a balanced and integrated exposure to key functional areas in business and to ways of thinking about, and analyzing, the world from a responsible business perspective. The two electives provide students the opportunity to develop knowledge in or explore a specific aspect of business of their choice.

Required Core Courses (12 credit hours)

BUS 100

Introduction to Business

(3)

ECON 101

Introduction to Contemporary Economic Issues

(3)

PHIL 203

Professional Ethics

(3)

MGMT 333

Organizational Behavior

(3)

Electives (6 credit hours)

In addition, students must select two courses from one of the following disciplines:

Economics

ECON 200

Principles of Microeconomics

(3)

AND

 

ECON 201

Principles of Macroeconomics

(3)

Entrepreneurship

ENTR 201

Principles of Entrepreneurship

(3)

AND

 

ENTR 301

Intermediate Entrepreneurship

(3)

Financial Management (6 credit hours)

ACCT 201

Principles of Financial Accounting

(3)

AND

 

FINC 332

Financial Management

(3)

Human Resource Management

HR 205

Human Resource Management

(3)

AND

 

PSYC 203

Social Psychology

(3)

Management Accounting

ACCT 205

Managerial Accounting

(3)

AND

 

ACCT 401

Advanced Managerial Accounting

(3)

Marketing

MRKT 200

Principles of Marketing

(3)

AND

 

MRKT 329

International Marketing

(3)

OR

 

MRKT 355

Advertising and Promotion

(3)

Organizational Change & International Management

MGMT 301

Change Management

(3)

AND

 

BUS 321

International Business

(3)

MINOR IN ECONOMICS

PROGRAM PURPOSE

A minor in Economics acquaints students with economics knowledge that will be complementary to business and non-business majors. In a vastly transforming and globalizing world, an Economics minor improves our understanding of economic, political, and social events and the context in which they develop. It also enhances one’s analytical and decision-making competence in the realm of business and even on the personal level.

PROGRAM REQUIREMENTS

Students must complete six courses (18 credit hours) for the minor.

Required Core Courses (6 credit hours)

The following two courses (6 credit hours) are core courses for the Economics Minor:

ECON 200

Principles of Microeconomics

(3)

ECON 201

Principles of Macroeconomics

(3)

Electives (12 credit hours)

In addition, students must choose, in consultation with their academic advisor, four courses from among the following:

ECON 302

Quantitative Methods For Business and Economics

(3)

ECON 304

Economics of Labor

(3)

ECON 305

International Economics

(3)

ECON 310

Intermediate Microeconomics

(3)

ECON 312

Intermediate Macroeconomics

(3)

ECON 315

Managerial Economics

(3)

ECON 351

Money and Banking

(3)

ECON 363

Environmental & Resource Economics

(3)

ECON 369

Short Course

(1-3)

ECON 389

Special Topics

(3)

ECON 405

Comparative Economic Systems

(3)

ECON 409

Economic Development

(3)

ECON 429

Environmental & Energy Policy

(3)

ECON 452

Econometrics

(3)

ECON 485

Seminar in Economics

(3)

Up to two non-economic but related courses at the 300-level or above can be taken instead of two courses from the above in consultation with the student’s academic advisor and the Department Chair.

MINOR IN HUMAN RESOURCE MANAGEMENT

PROGRAM PURPOSE

This interdisciplinary minor seeks to develop well-rounded graduates with personal qualities and skills that extend beyond familiarity with current HR practices to include a sound understanding of social, behavioral, and political sciences. It seeks to develop graduates who are able to think critically, act ethically, and meet the challenges of an ever-changing environment. 
The minor is structured with a small core–comprised of courses in Human Resource Management, Organizational Behavior, and Work and Well-being–embedded in a selection of electives reflecting a traditional liberal arts and interdisciplinary curriculum. The electives include courses from such disciplines as Economics, International Relations, Political Science, Psychology, and the Behavioral Sciences.

Because an interdisciplinary background is especially appropriate for positions in HR, this minor is ideal for students majoring in one of the Social Science Programs as well as those majoring in Business. The minor is for those who want to pursue careers in business, government, and/or educational institutions.

LEARNING OUTCOMES

Upon completion of the minor in Human Resource Management the student will be able to:

  1. Discuss the importance of thinking systematically and strategically about managing human assets.
  2. Explain how cultures frame options open to human resource managers around the world.
  3. Formulate, implement, and evaluate human resource policies and procedures.
  4. Demonstrate understanding of theories and practices affecting employee motivation and control.
  5. Critically discuss and assess contemporary issues confronting human resource policy formulation and implementation in private, public, for profit, and not-for-profit organizations.

PROGRAM REQUIREMENTS

Students wanting to earn a Minor in Human Resource Management are required to take six courses (18 credit hours) comprised of three required core courses and three electives.

Required Core Courses (9 credit hours)

The following three courses are core courses for the Human Resource Management minor.

HR 205

Human Resource Management

(3)

HR 325

Work and Well-being

(3)

MGMT 333

Organizational Behavior

(3)

Electives (9 credit hours)

Students must also complete three of the courses listed below.

ECON 304

Economics of Labor

(3)

HR 389

Special Topics in Human Resource Management

(3)

HR 470

Internship in Human Resource Management

(3)

IR 342

International Human Rights

(3) [S]

IR 345

Conflict Resolution

(3) [S]

 

OR

 

HR 344

Managing Conflict

(3)

MGMT 303

Management and Leadership Development

(3)

PLSC 302

Public Policy

(3) [S]

PLSC 306

Global Political Economy

(3) [S]

PSYC 203

Social Psychology

(3) [S]

SBSA 341

Women in Cross-Cultural Perspective

(3) [S]

SBSA 372

Anthropology of Business

(3) [S]