Module Descriptors

Basic Accounting

This module introduces students to the required basic knowledge of the principles and practices of accounting. By the end of the module, students will be able to explain the functions of financial accounting; describe the regulatory framework governing financial accounting and the principles of double entry bookkeeping; assess the nature of internal control in accounting; prepare bank reconciliations; control accounts and entries for the correction of errors; prepare basic financial statements of sole traders and limited companies; and illustrate accounting adjustments.

Auditing

This module introduces students to the theory and practice of auditing. It will cover the following topics: role and conceptual framework; authority to audit and the role of the professions; ethics and independence; regulation; auditors’ duty and the expectations gaps; auditing standards and the True and Fair View; the nature of evidence; audit process and audit risk; internal control and the auditors’ report.

Accounting Theory

The aim of the module is to develop students’ abilities to analyse and evaluate the alternative measurement systems which may be selected for financial reporting. On completion of the module, students will be able to describe and explain the origins of the conceptual framework approach to financial reporting; understand the characteristics of different depreciation methods; and demonstrate ability in analysing financial statements using a comprehensive range of tools and techniques.

Company Accounting

The aim of the module is to develop students’ knowledge and understanding of the historical, conceptual and regulatory framework of UK financial reporting. On completion of the module, students will be able to explain and critically evaluate accounting for tangible and intangible assets and report financial performance. In addition, the module covers preparation of company accounts, in accordance with IAS/GAAP, and the financial statements of groups of companies including subsidiary, associates and joint ventures. Students will develop their skills in the analysis of financial statements and demonstrate the capabilities necessary to analyse a company balance sheet based on GAAP.

Information Systems for Accounting

The aim of the module is to understand the modern business computing environment. It includes the ability to appreciate the role, function and operation of internal controls within a business information system; examine the issues related to the role of information management in an organisation; evaluate the nature and role of ERP systems, database use and automation in accounting and business; and analyse the importance of internal control.

Introduction to Finance

The aim of the module is to develop students’ abilities to analyse and explain the fundamental financial theories and goals of financial management; identify the agency problem and ways to resolve it; explain the functions of financial markets and the modern financial instruments in use; evaluate investment decisions using discounted cash flow methods under the assumptions of certainty; and examine the role of risk and uncertainty in capital budgeting.

Financial Analysis and Reporting

The aim of this module is to develop the knowledge and skills necessary to provide financial information for the purpose of decision-making. This financial information is provided to external decision-makers primarily by means of general purpose statements of operating results, financial position, and cash flow. The module covers the different valuation techniques pertaining to credit risk assessment and cash flow analysis as well. It also develops students’ ability to prepare different reports for tax and other regulatory compliance-related purposes as well as for the owners of the business, i.e. the equity shareholders, lenders, equity analysts and investment bankers.

Financial Markets and Institutions

This module is designed to enable students to gain an understanding of financial markets, which include financial institutions, instruments and services. An understanding of the structure, dimensions and the operating mechanisms of financial markets is important as it has wider usage in banking, insurance, forex, and also in capital and money markets. This module enables students to analyse the emerging trends in financial disintermediation and financial instruments. It helps students to be aware of the regulatory framework and its role in ensuring the smooth functioning of the financial markets.

Corporate Financial Management

The aim of the module is to enable students to demonstrate a thorough understanding of the investment appraisal techniques within the framework of overall capital budgeting. By the end of the module, students will be able to explain the advantages and disadvantages of discounted cash flow techniques; describe the relationship between portfolio theory and efficient markets, and the capital-asset pricing model (CAPM); estimate the cost of equity, cost of debt and overall weighted average cost of capital for companies; and critically appraise the important models proposed to explain corporate capital structure and dividend policies and practices.

Modern Banking

The aim of this module is to developstudents’ understanding of the structure and emerging developments in the field of banking. Students will gain a thorough understanding of the structure of the banking industry,  the diversification of banking activities, the special nature and the challenges being faced by this important industry in the post-crisis era . The students will also analyse the most relevant issues of modern banking such as e-cash, consolidation and diversification of the banking industry and the emerging prudential regulations introduced.

Advanced Accounting Theory and Policy

The aim of the module is to develop students’ knowledge and understanding of the financial accounting policy-making under the IASB and in the GCC, UK, and US contexts. By the end of the module, students will be able to explain the nature of financial accounting theory and place it in an historical perspective; to understand politicisation in historical context; understand financial accounting research in the context of capital markets, and particularly its relevance to policy-makers.

Advanced Financial Statement Analysis

The aim of the module is to develop students’ knowledge and understanding of financial statement analysis techniques and the valuation of firms using financial statement data. The module covers the basic equity valuation techniques, various financial statement analysis techniques, relationship between equity risk and the cost of capital in a financial statement analysis context, and the relationships between forecasting, accounting quality and the valuation of the firm.

Advanced Financial Analysis and Valuation

The aim of the module is to critically appreciate the emerging and advanced models and techniques in financial analysis and valuation. Students will acquire the ability to use information and data culled from financial statements to analyse, value and project the behaviour of accounting and financial variables for decision making. Students will also learn the usage of different econometric software in valuation, projections and risk assessments.

Advanced Management Accounting

The aim of the module is to consider the appropriateness and effectiveness of management accounting information as used for decision making and control purposes in organisations and to critically evaluate the contribution of management accounting to the management of business strategy. By the end of the module, students will be able to describe and evaluate methods of transfer pricing within organisations, discuss the ways of analysing different factors which affect the design of management accounting systems and examine the emerging role of management accounting in modern organisations.

Financial Risk Management

This module introduces the sources of financial risk together with the methods used to measure it. Managing financial risk is a key activity for firms and a range of different approaches is outlined in the module. After completing this module, students will be able to understand what financial risk management is designed to achieve; the difference between uncertainty and risk; the multidimensionality of risk; how different attitudes towards risk lead to different decisions; the basic approaches used to manage risks; the basic nature of financial risks being faced by a firm; the three key steps used in risk management (risk awareness, risk measurement and risk adjustment).

Small Business Finance

The aim of this module is to enable students to enhance their skills in managing small businesses and medium level enterprises. It enables students to gain adequate expertise in the development of a small business plan, organising and financing a new venture, and measuring and evaluating the financial performance of businesses and enterprises. The module will enable students to identify the macroeconomic environment, business risk, financial risk and the turnaround strategies for small and medium enterprises.

Investments

The aim of the module is to discuss and analyse current developments in the field of investments and consider risk in financial markets, pricing of financial and derivative assets, the use of derivatives, important aspects of fund management, bond characteristics, international investments, and hedging techniques. The module also examines features of the management of investment funds and bond valuation. It covers a comprehensive range of tools and techniques to analyse the financial decision-making process and to identify the impact of human psychology on financial decisions.

Public Sector Accounting

The module addresses the concepts of budgetary accounting, including commitment accounting and accrual accounting. In addition, it examines the concepts of audit independence and value for money auditing. It develops students’ knowledge and understanding of the techniques of measuring performance in budgeting, financial accounting and reporting, and auditing. The module also covers traditional budgeting, programme structures, zero-based reviews, capital budgeting, audit independence and local government finance.

Comparative and International Taxation

The aim of the module is to develop students’ knowledge and understanding of the principles of comparative taxation, and to provide an understanding of the taxation of international business activity. The module equips students with a grounding in the principles of international taxation and illustrates the ways in which these principles are currently applied in key jurisdictions across the world.

International Corporate Governance

The purpose of this module is to examine the distinctiveness of national norms of corporate governance in advanced and emerging economies. It will provide students with the knowledge of the processes through which international patterns of corporate governance are emerging. The module will examine the pressures of globalisation forces and international organisations on national corporate governance regimes.

The British University in Dubai

Block 11, 1st and 2nd floor, Dubai International Academic City PO Box 345015, Dubai, UAE

Tel: +971 4 279 1400

Whatsapp: +971 50 701 2843

Email: [email protected]