Course Descriptions and Syllabi

ACCT 201 Principles of Financial Accounting (4)
An introduction and overview of Financial Accounting. Topics include basic concepts and principles of accounting: the accounting cycle, financial statements, cash, cash flow statement, receivables, inventories, assets and liabilities and merchandizing operations. Prerequisites: MATH 103 or MATH 110.
ACCT 201L Principles of Financial Accounting (Lab) (0)
Provides the accounting student with support to achieve the objectives of ACCT 201. Concurrent: ACCT 201.
ACCT 205 Managerial Accounting (3)
An introduction to internal accounting including cost measurement, product costing, cost-volume relationship, budgeting and budget variance analysis, performance evaluation. Concurrent: ACCT 201. Prerequisites: MATH 103 or MATH 110.
ACCT 301 Intermediate Accounting I (3)
This course begins in-depth analysis of financial accounting. Topics include accounting standards and theory, the balance sheet, statement of cash flows, comprehensive income, revenue recognition, profitability analysis, receivables and investment valuation; inventory and departures from historic cost, operational assets and impairment. Prerequisite: ACCT 201.
ACCT 305 Intermediate Accounting II (3)
This course builds on applications, standards, and practices taught in ACCT 301, providing in-depth analysis of financial accounting, advancing to consider liabilities and owners' equity.  Topics include accounting for current liabilities, contingencies, bonds, long term notes, pensions, leases, income tax and shareholders' equity, embracing contributed capital, retained earnings, and dividends and earnings per share. Concurrent: ACCT 301.
ACCT 334 Individual & Corporate Tax (3)
An analysis of international taxation theory and the application of tax theory for domestic and international activity in Kuwait. Prerequisite: ACCT 201.
ACCT 365 Financial Statement Analysis (3)
This course is designed to equip the student with knowledge and skills of how to use financial statements in a variety of firm valuation contexts in the capital market. The student learns different valuation tools for evaluating a firm's accounting and financial performance, the concept of earnings quality, and other valuation related issues. Prerequisite: ACCT 301 and FINC 332.
ACCT 369 Short Course (1-3)
Topic varies by semester. Classes are taught by a guest lecturer or lecturers. Can be repeated for credit with a different topic. Permission of instructor.
ACCT 388 Independent Study (1-3)
A research and writing project to be determined in consultation with the Instructor. Can be repeated for credit with a different topic. Junior standing. Prerequisite: ACCT 201.
ACCT 389 Special Topics (3)
Can be repeated for credit with a different topic. Permission of instructor.
ACCT 401 Advanced Managerial Accounting (3)
Issues of cost management and its use to achieve organizational goals. Relationship of performance measurement, compensation, authority to organizational structure, organizational development and success. Prerequisite: ACCT 205.
ACCT 405 Advanced Financial Accounting (3)
This course builds on disciplinary knowledge and techniques provided in earlier Financial Accounting courses to develop higher order cognitive skills needed to address complex issues emerging in accounting. Topics include: Accounting Theory, Concepts and Standards, Standard Setting Process, Emerging Issues, Accounting Institutions, Accounting Regulation, and Ethical Issues in Accounting. Prerequisite: ACCT 301.
ACCT 413 Accounting Capstone: Auditing (3)
Accounting and auditing principles and standards, reporting methods, controls and test of controls, function of the independent auditor. Prerequisite: ACCT 301.
ACCT 421 International Financial Reporting Standards (3)
An overview of International Financial Reporting Standards and the accounting standards generally accepted in Kuwait. Students are introduced to the Financial Reporting requirements of global capital markets. Prerequisite: ACCT 201.
ACCT 470 Internship in Accounting (1-3)
An internship experience with the requirement that the student write a report summarizing what the internship job added to his or her knowledge of Accounting and related fields. Students are limited to a maximum of 3 internship credit hours for any major and 6 credits overall. Permission of instructor. This is a pass/fail course.