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ACT 601 Managerial Accounting
Prerequisites: ACT 501
This course explores the effective use of accounting information in support of organizational decision making. The
identification, measurement, preparation, interpretation, and communication of financial information in support of
planning, evaluation, and control functions are discussed. Inventory, allocation of costs, planning and budgeting
processes, and financial evaluation of organizational performance are also included.
ACT 611 Analysis of Financial Statements
Prerequisites: ACT 601 and FIN 611
The purpose of the course is to provide students with tools to analyze and exploit information in corporate
financial statements. The course will introduce students to how the information in financial statements is used for
valuation, credit risk assessment, and other economic decisions. The course will also examine the issues that
corporate managers face as they design and implement financial reporting strategies, increasing students’
awareness of potential earnings management. The framework developed in this course is intended to enhance
analytical skills for all students planning careers that will bring them in contact with financial statements.
ACT 612 Advanced Financial Reporting
Prerequisites: ACT 601
This course provides students with the knowledge of financial reporting standards and practices, and to provide
insight into (a) the process of setting accounting standards as well as (b) recent developments in the setting of
international accounting standards. In this way, they will become more informed and incisive analysts of financial
statements, whether as users or preparers.
ACT 613 Advanced Topics in Accounting
Prerequisites: ACT 601
This course is an in-depth study of advanced accounting topics with significant emphasis on business
combinations and consolidation practices, and cost accounting, including budgeting, standard costs and cost and
profit analysis for decision making.
ACT 699 Special Topics in Accounting
Prerequisites: FIN 601
This course shall provide critical analysis of current trends and issues in accounting theory, research, and practice.
Emphasis shall also be on the analysis, synthesis, and evaluation of contemporary accounting issues with specific
reference to UAE and GCC countries. The syllabus will be prepared by a competent faculty member and must be
approved by the Chair of the Department.
ECN 501 Managerial Economics
Prerequisites None
The course introduces the concepts and methods of economic analysis that are essential for effective managerial
decision-making. The course begins with a review of basic economic concepts, such as opportunity cost, profit,
and marginal analysis and then examines the market forces of supply and demand, define elasticity and
examine its role in managerial decision-making, and study the theory of individual behavior on which market
demand is based. In the next segment of the course, we review production, cost, and revenue concepts, and we
analyze input demand and output supply decisions in the so-called “perfectly competitive” markets. In the last
segment of the course, market power and study the influence of government on the marketplace will be discussed.
FIN 501 Financial Management
Prerequisites: None
This course introduces students to the role of financial management in business firms. It emphasizes on the basic
concepts in finance and techniques used in financial decision-making. Topics to be covered include financial
analysis and planning, time value of money, interest rates and bond valuation, stock valuation, risk and return and
capital budgeting.
FIN 601 Corporate Finance
Prerequisites: FIN 501, ECN 501
This course will explore the theory and practice of corporate finance. Material covered will focus on areas of
relevance to corporate managers as financial decision-makers. Corporate financial decisions include how to raise
capital (for example through security issues, bank borrowings, selling assets, et cetera), and what to do with it
once it has been raised (for example investment in projects, payment of dividends, repurchasing securities).
Special emphasis will be placed upon the understanding of the role of the financial manager, the goals of the
firm, and the agency relationship between the managers and shareholders in the context of these goals. The course
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