MSU Colombo Learning Centre


 

Bachelor in Accountancy (Hons)


Introduction
The Bachelor in Accountancy (Honours) (BIA) is an undergraduate academic programme that leverages on a unique learning opportunity in the combined disciplines of Law, Finance and management. Students pursuing the programme will be exposed both to the rich tradition and rigour of the accounting and audit, as well as to the state-of-the-art technologies used in the fields of economics, management, marketing, finance and insurance. As such, graduates of the programme are expected to be competent to handle not only the common accounting transactional matters but as well to provide advice on complex strategic issues in business decision making process.

The BIA is conducted over the period of four-years on a semester basis (Eight long and two short semesters). Given such academic exposure, graduates of the BIA, therefore, would be in advantage position to find career opportunities not only in the traditional accounting and audit practice and the government sector, but more importantly, in the private and corporate sector. Currently, our graduate is also able to work with a company, which operated in Singapore. As for the latter career opportunities, graduates are most encouraged to further acquire internationally recognized qualifications in the fields of accounting (ACCA; CIMA or corporate administration (ICSA)).

Course Duration
Total Semester: 8 Full Semesters and 2 Short Semesters
Duration: 4 years

Intakes
Major Intake: March, May, November

Core Subject Description

Principles of Accounting
This course will cover topics including the introduction of accounting information for report purposes such as concepts of accounting, accounting equation, double entry system, complete accounting cycle, adjustments to the accounts like accruals and prepayments, depreciation and bad debts and provision for doubtful debts in the preparation of income statement and balance sheet, inventory valuation and finally the cash and internal control.

Financial Accounting and Reporting 1
This subject covers areas related to accounting for partnership, accounting for clubs and non-profit organization, hire purchase, leasing, disposal of assets, incomplete records and accounting for manufacturing companies.

Financial Accounting and Reporting 2
This subject deals with formation of companies, the types of companies and the issues of shares and debentures. It will also concentrate on the redemption of preference shares and debentures. Other areas covered include cash flow statements, accounting for branch and employee benefits.

Advanced Accounting I
Topics to be covered are business combinations, accounting for amalgamation, absorption, take over and merger, accounting for restructuring, effects of foreign exchange transaction, deferred taxation and earning per share.

Advanced Accounting II
This course is the continuance of Audit I, whereby emphasis is given on controlling processes, preparing complete audit report, audit investigation and related issues in auditing.

Theory of Accounting
This subject covers foundations and theories of accounting. Relevant topics are early history on accounting, scope of accounting, investment and financial activities, assets, liability and equity, evaluation of assets, conventional accounting, financial statement etc.

Public Sector Accounting
The course is designed to equip students with knowledge of accounting practices as employed in the public sector organizations. The course will attempt to develop a wider and contextual understanding of the role of accounting, as a vital financial and managerial accountability mechanism in public sector organizations.

Accounting Information System
This course is about management system, flows of information, documents used and characteristics of internal control for manual and computerized system.

Purchasing and cost control
This course discusses basically the roles of cost in contributing to decision making. Topics covered are budget, inventory, analysis, labour costs and information system.

Tourism Planning
This course covers aspects of tourism planning and development. Besides that, the subject explains the environmental and socioeconomic impacts of tourism development. This course also exposes to a few subjects such as approaches to tourism planning, tourist attractions and activities, tourism policy and plan formulation, and tourist destination planning and development.

Cost Accounting I
This subject emphasizes on aspects of planning and controlling using accounting information. Discussions will cover concepts of production cost, cost profit volume relations, job and process costing, variable and absorption costing and operational service costing.

Cost accounting II
Managerial Accounting II - Topics covered include framework of management accounting theories, Activity Based Costing marginal and absorption costing, standard costing and control, management of inventory, costing approach, current issues of IT in cost management and strategic management accounting.

Managerial Accounting II
Topics covered include framework of management accounting theories, Activity Based Costing marginal and absorption costing, standard costing and control, management of inventory, costing approach, current issues of IT in cost management and strategic management accounting.

Taxation I
This subject examines income taxation, income from employment, basic of assessments, taxation of dividends, interest, rent and royalties, pension and annuities, business taxation and capital allowance, tax administration, and indirect tax.

Taxation II
This course covers all aspects of taxation in partnership, company and the related cases in solving the taxation issues. Besides, it is about the specific discussion about the provision of Malaysian Law (Income Tax Act 1967). This course also will explain on withholding tax, investment incentive in Malaysia, capital expenditure, corporate tax, real property gain tax, double tax agreement, estate and trust.

Audit I
This subject exposes students to the basic principles of auditing. It accordingly covers such areas as the concept of auditing, professional ethics of auditors, the concepts of audit evidence, audit planning and audit programme, and internal control system. Apart from the theoretical aspect, this subject also assists students to understand the practical side of auditing, which includes audit procedures to audit various accounting cycles (sales, purchases, fixed assets, etc.)

Audit II
This course is the continuance of Audit I, whereby emphasis is given on controlling processes, preparing complete audit report, audit investigation and related issues in auditing.

Fee Structure
For information on fees, please contact the university

Duration Of Programmes
4 years (full-time I part time basis)

Annual Intakes
Refer to University

Admission Requirements
A - Level with 3 passes. Students who have qualifications other than the ones stated, are to submit them for the University's Senate consideration.

For a detailed breakdown of the entry requirement, please liaise with the Counselling & Communications department or email your queries to enquiry@msu.edu.lk

    a) Total tuition fees charged is based on credit hour taken for each semester

    b) Full payment of tuition fee must be made on the Registration Day Or Prior To The Commencement of the semester

    c) Fees are charged on per semester basis and are based on credit hours taken by the respective students. Please contact the Counselling & Communications department on fees and other payments details

    d) Tuition fees inclusive of taxes

    Registration fees must be paid on the registration day
    Registration fees paid are not refundable