BA in Accounting and Finance

BA in Accounting and Finance

1. Background of the Program

Accounting as a profession emerged following the ever increasing needs of mankind in the social, economic and business environment. The accounting profession has shown a continuous and tremendous growth in the business world. This evolution of the accounting practice ranges from the ancient civilization periods of the Babylonians and Egyptians when payments for daily workers were used to be calculated on clay, as today’s practice where Computerized Accounting Information Systems are used for generation of financial information which is very useful for making reliable business decisions. The significance as well as momentum of the growth of the accounting discipline increased after the 18th century Industrial Revolution in Great Britain which brought about a series of radical changes in the Content, Concept and Context of many of the professional fields, particularly those under the shadow of Business and Economics.
In the existing organizational dynamics and global integrations, the importance of vibrant Accounting and Finance professionals is indisputable. The central role of accountancy and finance in society makes them interesting disciplines in their own right, especially for those who are interested in how economic or financial activities of any economic players, both at the micro and macro levels, influence and structure our lives.
In the past, the program was long working on the conventional knowledge-based and course-based delivery system with its many drawbacks, including lack of academic coherence, poor assessment and evaluation system, fragmented knowledge, poor quality and irrelevant curriculum as a whole. As a result, it was not possible to produce highly qualified and competitive graduates for the job markets.
The current modularized curriculum constitutes modules and courses carefully designed to transform the conventional academic incoherence approach to competence based teaching/learning approach behind the modularization.

2. Rationale of the program

Accounting and Finance as a profession emerged in response to the social, economic and business environment needs. The Accounting and Finance profession has shown a continuous and tremendous growth in the business world. Accounting and Finance, in the modern context of business, is a Financial Information and Communication System that provides various groups of decision makers with valuable and reliable information that makes a difference in their day-to-day business decisions.
The basic rationale of the program is attributed to the various business organizations continuously flourishing in Ethiopia, along with the rapid pace of development of the Ethiopian economy over the past periods. Different countries in general, and Ethiopia, in particular host various organizations: private, governmental, profit making, non-profit making, service, manufacturing organizations, etc. The business world is becoming increasingly complex and is facing new and greater challenges continually. The Accounting and Finance profession, a key profession in modern business society, will have to meet these challenges. Given the volatility of events, the Accounting and Finance education program needs to provide new skills and knowledge to Accounting and Finance graduates who enter the profession.
This program is designed to prepare students for careers in Accounting and Finance in all economic sectors such as business, not-for-profit,
and government organizations. The areas of Accounting and Finance study are financial Accounting, cost and managerial Accounting, tax Accounting, Accounting information systems, Government and non-profit Accounting, Finance, and auditing. In addition to the above mentioned input of the program, it combines and applies to several supporting subject fields including law, information technology, quantitative techniques and economics pertinent to the accounting and finance agenda.

3. Rationale for Curriculum Review

Many scholars working towards ensuring quality in education strongly recommend that curriculum should be flexible across time, place and discipline so that the practice of curriculum design and delivery is based on the actual practice of the development capacity of countries and updated technological demand/advancements. For this reason public universities in Ethiopia are striving to design and implement a new modular based approach to promote innovative curricula, assure quality education and produce competent graduates that can make a difference in the overall progress of the country. Hence, all the Ethiopian public universities in collaboration with the strong commitment of the Ministry of Education have been intensively working to launch the modular curricula in the academic year of 2012/13 (2005 EC).
There is consensus among curriculum scholars that the delivery system of the existing accounting and finance curriculum followed disciplinary approach rather than focusing on the competency of the students. The old curriculum also focused on teachers’ engagement rather than students’ engagement and lacked natural flow and unity of ideas. Besides, there is a growing and urgent need in the labor market to link academic learning with professional practice in the world of work.
As a result, the revised curriculum, which shifts to the modular system, attempts to address the problems of the old curriculum. In addition to linking academic learning with professional practice, the revised modular approach gives value for student’s independent learning. Since the course sequences and coding are standardized, the revised curriculum allows students to transfer freely within the country from one university to other.

4. Program Objectives

4.1. General Objectives of the program

The program of Accounting and Finance plans to meet the University’s mission of instilling into present and future leaders the knowledge and relevant skills of accounting, auditing and finance through student–centered high quality, viable programs which are fully recognized internationally and by both the private and public institutions in Ethiopia. Hence, the Department seeks to sustain its growth and relevance through:• A highly educated and motivated faculty and viable programs which have local relevance and are fully recognized internationally;

  • A highly educated and motivated faculty and viable programs which have local relevance and are fully recognized internationally;
  • Relevant curriculum and a conducive learning environment with full access to new technologies and computer-mediated learning;
  • An abundant level of intellectual capital created through scholarly activities;
  • Research that meets the needs of the local and international business and academic communities;
  • A fully integrated international perspective;
  • A full understanding of employer needs obtained through constant monitoring of the business environment through linkage programs.

4.2. Specific Objectives of the Program

The Accounting and Finance program has the following specific objectives:

  • To produce graduates in its regular degree program to satisfy a portion of the demand for accounting and finance graduates;
  • To enhance the relevance and timeliness of instruction, as well as the technical competency of the staff, by conducting applied research and developing innovative educational materials and techniques;
  • To provide students with sufficient academic, technical, logical, analytical, and professional base from which to pursue a career in accounting and finance and to advance to further study and a potential academic career in accounting and finance;
  • To be a major provider of consultancy services to the public;
  • To help some 80% of its second year and third year complete students gain practical experience by placing them in internship programs; and
  • To establish linkage programs with different stakeholders from which the program will be able to tap resources and share experiences.

5. Graduate Profile and Professional Profile

5.1. Graduate Profile

Upon successful completion of the program, the graduates of BA degree in Accounting and Finance should have the relevant knowledge and understanding that will enable them to:

  • Prepare, analyze, and interpret financial statements competently;
  • Audit financial statements and the underlying accounting systems, controls and records, and express an independent professional opinion about them;
  • Identify, measure, gather, analyze, interpret and communicate cost and other types of information to management for planning, control, performance measurement, and decision making related to pricing, operating, investing, and financing activities;
  • Identify and anticipate control risks both in manual and computerized accounting systems, and to suggest and establish better controls to safeguard business resources from risk exposures of illegal acts;
  • Analyze and design accounting information systems, and use computer applications in business transaction cycles;
  • Develop the specific skills, modes of analysis and institutional background useful to work in finance areas for profit-making businesses or not-for-profit enterprises;
  • Start and run their own business;
  • Conduct accounting and finance related research and to form linkage with various accounting and finance oriented and research based institutions both locally and abroad;
  • Carry out clerical activities like, keeping general accounts, records and reports, payroll processing and billings;
  • Prepare tax return and perform tax plan;
  • Internalize an appreciation of the role of ethics in both the profession and the business world; and
  • Be prepared for graduate studies, professional certification and advanced training in accounting, auditing, finance, and management.

5.2. Professional Profile

With additional training and work experience, the graduates of the program can pursue careers and render professional services in the areas of accounting and finance in various forms of organizations ranging from private, governmental and non-profit entities. After successful completion of the three year undergraduate program in accounting and finance, students will be able to:

  •  Keep general accounts, records and reports; payroll processing and billings;
  •  Perform cost and managerial accounting and control, data generation and supervision.
  •  Perform voucher process and control; and bank reconciliation and banking activities;
  •  Work as an auditor (both internal and external), and carry out pre-audit inspection and investigation; operational audit, partial financial audit, cash audit, compliance audit, branch audit, interim reports audit, advance clearance;
  •  Prepare tax return, work as internal revenue agents and tax administrator.
  •  Generate information which is financial and non-financial in nature necessary for management; and analyze, design and install accounting systems (manual or computerized);
  •   Prepare and control budget;
  •   Manage financial resource and risk exposures of business firms, manage financial institutions, analyze investment opportunities and execute professional services in investment institutions, brokerage and dealer firms and in investment banks;
  •   Perform project evaluation and control.

6. Academic Requirements

6.1.   Admission requirements

Applicants who wish to join the BA program are required to meet the entry requirements of higher learning institutions as stated by the Ministry of Education and the University.

6.2.      Graduation Requirements

To graduate from the program the student should take all courses offered in the program, a total of 185 ECTS and earn a Cumulative Grade Point Average (CGPA) of 2.00 or above by the end of the program, and earn no ‘F’ grade in any course. The student is also required to have a cumulative grade-point average of at least 2.00 in all major area courses by the end of the program.

6.3.      Degree Nomenclature

BA Degree in Accounting and Finance

6.4.      Medium of Instruction

The medium of instruction for the program is English Language

6.5.      Duration of the study

The completion of the program would require three years of study or six semesters

6.6.      Assessment and Evaluation Methods

The program follows a combination of various assessment and evaluation techniques. Considering the very nature of the course and the expected learning outcome from each course, the assessment and evaluation methods include continuous assessment like assignments; quizzes, tests, individual and group projects, paper based and practical exams, presentations, and the like.

7. Teaching /Learning Methods and Mode of Delivery

Depending on the nature of courses in the program, various mode of delivery which involve both the instructor and the students will be used including lectures, class discussions, demonstrations, and presentations.

8. Quality Assurance

The program will establish a system to monitor the educational quality of the program by collecting feedback from the employers, academic staff members, students, and other stakeholders. The program will also take all the necessary steps to enhance the quality of education to be in line with international standards by improving the student-teacher ratio, student-book ratio, and other requirements. The standard of exams offered by the program and assessment methods used for each course will be examined periodically to ensure that the students will meet the graduate profile upon graduation.

9. Modules and Courses

9.1. Summary of modules

Module Type Total Credit Hours Total CP Total Work Load in Hours
Major Modules 78  123  3,321 
Supportive Modules 26 42   1,134
Foundation Modules 12 20 540
Total 116 185 4,995

 

9.2. Major modules and courses

Module No Module Title Module code Course Title Course Code

Cr Hr

 

CP Total work load
M3 Basics of Accounting and Reporting AcFn-M1031 Principles of Accounting I AcFn1031 4 6 162
Principles of Accounting II AcFn1032 4 6 162
8 12 324
M8 Financial Accounting and Reporting AcFn-M2081 Financial Accounting I AcFn2081 4 6 162
Financial Accounting II AcFn2082 4 6 162
8 12 324
M9 Cost and Managerial Accounting AcFn-M2091 Cost and Management Accounting I AcFn2091 3 5 135
Cost and Management Accounting II AcFn2092 3 5 135
6 10 270
M10 Corporate Finance AcFn-M2101 Financial management I AcFn2101 3 5 135
Financial management II AcFn2102 3 5 135
6 10 270
M20 Project and Investment Analysis AcFn-M3201 Project Analysis and Evaluation AcFn3202 3 5 135
Investment analysis and portfolio management AcFn3201 2 3 81
5 8 216
M16 Auditing and Assurance Services AcFn-M3161 Auditing Principles and Practices I AcFn3161 3 5 135
Auditing Principles and Practices II AcFn3162 3 5 135
6 10 270
M12 Non-Profit Sector Accounting AcFn-M2121 Government and Non-profit Accounting AcFn2121 2 3 81
Ethiopian Government Accounting AcFn3122 2 3 81
4 6 162
M11 Financial Institutions AcFn-M2111 Financial Markets and Institutions AcFn2112 2 3 81
Banking Principles and Practices AcFn2113 2 3 81
Risk Management and Insurance AcFn2111 3 5 135
7 11 297
M17 Public Finance and Taxation AcFn-M3171 Public Finance and Taxation AcFn3171 3 5 135
3 5 135
M15 Advanced Financial Accounting AcFn-M3151 Advanced Financial Accounting AcFn3151 4 6 162
4 6 162
M13 Research in Accounting and Finance AcFn-M2131 Research methods in Accounting & Finance AcFn2131 3 5 135
3 5 135
M21 Senior Research AcFn-M3211 Senior Research Project I AcFn3211 1 2 54
Senior Research Project II AcFn3212 2 3 81
3 5 135
M18 Accounting Information Systems AcFn-M3181 Accounting Information Systems AcFn3181 3 5 135
Accounting Software Application AcFn3182 2 3 81
5 8 236
M4 Quantitative and Computing Methods for Finance AcFn-M1041 Mathematics for Finance AcFn1041 4 6 162
Statistics for Finance AcFn1043 4 6 162
Fundamentals of Information Systems AcFn1042 2 3 81
10 15 405
SUB TOTAL FOR MAJOR COURSES 78 123 3321

 

12.3. Supportive Modules and Courses

Modules No Module Title Module code Course Title Course Code

Cr Hr

 

CP Total work load
M5 Basic Management Concepts Mgmt-M1052 Introduction to Management Mgmt1051 3 5 135
Principles of Marketing Mgmt1052 2 3 81
5 8 216
M20 Business Law Law-M3202 Business Law Law3201 3 5 135
3 5 135
M14 Entrepreneurship and Strategy Mgmt-M2142 Entrepreneurship Mgmt2141 2 3 81
Strategic Management Mgmt2142 3 5 135
5 8 216
M19 Operations Management Mgmt-M3192  Operation Management Mgmt3191  3 5 135
3 5 135
M7 Economics Econ-M1072 Microeconomics Econ1071 4 6 162
Macroeconomics Econ2072 3 5 135
M22 Econometrics Econ-M3222 Introduction to Econometrics ECON 3221 3 5 135
SUB TOTAL FOR SUPPORTIVE COURSES 26 42 1134

 

12.4. Foundation Modules and Courses

Modules No Module Title Module code Course Title Course Code

Cr Hr

 

CP Total work load
M1 Basic English Skills EnLa-M1013 Communicative English Skills  EnLa1011  135 
Basic Writing Skills EnLa1012 3 5 135
6 10 270
M2 Civics and Ethics CvEt-M1023 Civics and Ethical Education CvEt1021 3 5 135
3 5 135
M6 Psychology Psyc-M1063 Introduction to Psychology Psyc1061 3 5 135
3 5 135
SUB TOTAL FOR FOUNDATION COURSES 12 20 540