Yarmouk University Faculty of Economics and Administrative Sciences Department of Accounting

YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ACCOUNTING

COURSE OUTLINE

General Information Course Title Advanced Accounting Information Systems Course Code ACC 671 Academic Year/ Semester First Semester 2017/2018 Course Credits 3 Credit Hours Instructor Dr. Mahmoud Aleqab Office Number A318 Office Hours Thursday : 03:00 - 06:00 E-mail [email protected] Office Phone No Ext . 6380

Course Objective This course is designed to develop accounting master students with new issues related Accounting Information Systems and update master accounting students with research hot topics related to accounting information systems and focus on the accountant's role in promoting and achieving the strategic goals of an organization.

Course Description

This course covers the definition of accounting information systems, their role in promoting and achieving the strategic goals of the organization, analysis, design and development of accounting information systems, systems documentation, databases, internal control systems, security and protection of accounting information systems in light of E-commerce and Internet.

Intended Learning Outcomes (ILOs):

Upon successful completion of this course, students should be / able to:  Identify and explain the functions and objectives of accounting information systems.  Recognize the principles and characteristics of the elements of a good accounting information system.  Analyze and design accounting information systems that commensurate with the nature of the entity’s business activities, and the accounting and financial reporting standards established.  Use flowcharts to document the flow of accounting information systems data.  Determine the risks and threats facing the accounting information systems and propose appropriate strategies to address them.  Familiar with contemporary developments in the field of accounting information systems.  Develop analytical skills and critical thinking through case studies.  Enhance computer skills through the duties and case studies that require the use of spreadsheets and Word programs.  Develop skills to work as a member within a team.  Develop effective oral and written communicate skills through the preparation and presentation of reports.  Explain basic control concepts and explain why computer control and security are important.  Compare and contrast the COBIT, COSO, ERM control frameworks.  Identify the six objectives of an information system audit, and describe how the risk-based audit approach can be used to accomplish these objectives.  Describe computer audit software, and explain how it used in the audit of AIS.  Explain the importance of system development planning and describe planning techniques.  Discuss the key issues and steps in system analysis.  Discuss the various types of feasibility analysis and calculate economic feasibility.

Required Textbook

Marshall B. Romney and Paul John Steinbart, “Accounting Information Systems”, 13th edition, Pearson Education Limited, 2015.

Course Contents Weeks Chapter Content Allocated 1 Accounting Information Systems: An Overview 1 2 Overview of Transaction Processing and Enterprise Resource 1 Planning Systems 3 Systems Documentation Techniques 2 4 Relational Databases 1 12 The Revenue Cycle: Sales to Cash Collections 2 13 The Expenditure Cycle: Purchasing to Cash Disbursements 2 14 The Production Cycle 2 7 Control and Accounting Information Systems 1 11 Auditing Computer-Based information Systems 1 20 Introduction to System Development and System Analysis 1

Course Assessment Type of Assessment Weight Suggested Date Mid-term Exam 30% To be decided later (3– 6 pm) Project 15% At the end of the semester Participation, presentation and During semester 10% assignments During semester Attendance 5%

Final exam 50% To be decided later (3– 6 pm) Total 100%

University Regulations:

A. Attendance, Participation & Assignments Policies

You have the responsibility to contribute toward the learning, expected contributions include preparing the topics, arriving to class with assignments completed to the best of your ability, entering into class discussion and posing questions about course material you do not adequately understand. Assignments are to be submitted next lecture from which they are given.

You are expected to be in the classroom on time. If it is necessary for you to arrive up to 5-minutes-late to class, please enter the room quietly to minimize disruption. However, 3 times of late arrivals are considered ONE absence for record purposes. If you are absent from a class session, it is your responsibility to become fully familiar with any information presented during that session. In this case, I recommend that you contact me.

B. Withdrawal from Courses

A student may withdraw from a course, as long as the academic load does not fall below 6 credits for a full time student. There are exceptional cases in which a full time student may carry less than 6 credit hours. You should refer to the university academic calendar to check the deadline date for withdrawal from a course.

C. Academic Integrity

Students are expected to do their academic work without unauthorized help of any kind. Cheating, plagiarism or any other proven academic irregularity must be reported by the faculty member concerned to the Academic Disciplinary Committee for appropriate action.

GOOD LUCK

YARMOUKUNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ACCOUNTING

COURSE OUTLINE

General Information Course Title Advanced Financial Accounting

CourseCode ACC601 Academic Year/ First semester, 2018/2019 Semester Course Credits 3 Credit Hours Course Coordinator Salah AldainAlshorman Office Number A 234 Office Hours Sunday, Tuesday and Thursday: 11:00 - 12:00 Or by appointment E-mail [email protected] Office Phone No 6734

Course Objective Welcome to Advanced Accounting ACC601.

This course aims to address the practical financial reporting problems encountered in consolidated financial statements, goodwill, other intangible assets, and derivative securities. The course also includes coverage of foreign currency transactions and translations.The knowledge gained will assist you in building your skills, so you could be able to prepare or analyze consolidated financial statements, and account for derivative securities.

Topics include: an introduction to business combinations; consolidation at acquisition; consolidation subsequent to acquisition; consolidation and intercompany profit in inventory, land, and depreciable assets; foreign currency transactions; translation and consolidation of international

operations.

We hope you find that learning journey is interesting, enjoyable and rewarding.

Intended Learning Outcomes (ILOs):

Upon successful completion of this course, students would beable to:

 Understand the economicmotivations underlyingbusiness combinations.  Learn about alternativeforms of businesscombinations, from both the legal and accountingperspectives.  Introduce accountingconcepts for business combinations, emphasizingthe acquisition method.  Apply the fair value and equity methods of accounting for stock investments.  Apply consolidation concepts to parent company recording of an investmentin a subsidiary company at the date of acquisition.  Prepare consolidated balance sheets subsequent to the acquisition date, including preparation of eliminating entries.  Prepare consolidation work-paper for the year of acquisition when the parentuses the complete equitymethod to account for itsinvestment in a subsidiary  Prepare consolidationwork-paper for the yearssubsequent to acquisition.  Understand and apply the impactof intercompany profit ininventories, land, and depreciable assets on preparingconsolidation work-papers.  Understand key concept related to foreign currencyexchange rates, such asindirect and direct quotes;floating, fixed, and multipleexchange rates; and spot,current, and historicalexchange rates.  Understand how functionalcurrency assignmentdetermines the way theforeign entity’s financialstatements are convertedinto its parent’s reportingcurrency.

Required Textbook Joe Ben Hoyle; Thomas F Schaefer; Timothy S Doupnik, “Advanced Accounting", 12th Edition, McGraw-Hill Education., 2015. Floyd A. Beams , Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith , “Advanced Accounting", 11th Edition, Prentice Hall, 2012

Course Contents

Week Content 1 Chapter one: The Equity Method of Accounting forInvestments

2 Chapter Two: Consolidation of FinancialInformation

3 Benston, G. J., &Hartgraves, A. L. (2002). Enron: what happened and what we can learn from it. Journal of Accounting and Public Policy, 21(2), 105-127.

Hayward, M. L., & Hambrick, D. C. (1997). Explaining the premiums paid for large acquisitions: Evidence of CEO hubris. Administrative science quarterly, 103-127.

Chen, G., Crossland, C., & Huang, S. (2016). Female board representation and corporate acquisition intensity. Strategic Management Journal, 37(2), 303-313.

3 Chapter Three: Consolidations—Subsequent to the Dateof Acquisition

4 Rahman, R. A., &Limmack, R. J. (2004). Corporate acquisitions and the operating performance of Malaysian companies. Journal of Business Finance &Accounting, 31(3‐ 4), 359-400.

Ferris, S. P., Jayaraman, N., &Sabherwal, S. (2013). CEO overconfidence and international merger and acquisition activity. Journal of Financial and Quantitative Analysis, 48(1), 137-164.

Gagnon, M. A., &Volesky, K. D. (2017). Merger mania: mergers and acquisitions in the generic drug sector from 1995

to 2016. Globalization and health, 13(1), 62.

5 Chapter Four: Consolidated Financial Statements andOutside Ownership

6 Chatterjee, A., & Hambrick, D. C. (2011). Executive personality, capability cues, and risk taking: How narcissistic CEOs react to their successes and stumbles. Administrative Science Quarterly, 56(2), 202-237.

Al-Khadash, H. A. (2009). Goodwill impairment after business combination among Jordanian shareholding companies.

Bereskin, F. L., Byun, S. K., Officer, M. S., & Oh, J. M. (2017). The effect of cultural similarity on mergers and acquisitions: Evidence from corporate social responsibility. Chapter Five: Consolidated Financial Statements—Intra-Entity Asset Transactions 8 9 Chapter Six: Variable Interest Entities, Intra-EntityDebt, Consolidated Cash Flows, andOther Issues 10 11 Chapter Nine: Foreign Currency Transactions andHedging Foreign Exchange Risk 12 13 Chapter Ten: Translation of Foreign Currency Financial Statements 14 Final Exam

Course Assessment Type of Assessment Weight SuggestedDate Mid-Term Exam 30% 21/11/2018 (12 – 2) Final Exam 30% 9/1/2018 (12 – 2) Participation 10% Continuous assessment 10% Individual Project 10% Discussion paper 10%

University Regulations:

A. Attendance, Participation & Assignments Policies

B. Withdrawal from Courses

A student may withdraw from a course, as long as the academic load does not fall below 12 credits for a full time student. There are exceptional cases in which a full time student may carry less than 12 credit hours. You should refer to the university academic calendar to check the deadline date for withdrawal from a course.

C. Academic Integrity

GOOD LUCK

COURSE SYLLABUS

ACC 611

International Accounting

First Semester, 2018 / 2019

: 3 hours Credit Hours

Teaching Time and Location:

Monday, 12:30 – 3:30, Room A 220

Instructor and Contact Information:

Instructor: Dr. Mahmoud Odat

Office Number: A 232 Office Hours: Sunday, Tuesday, and Thursday: 11:00 – 12:00 E-mail: [email protected]

Course Description:

This course provides students with an understanding of accounting standards and financial reporting practices in a global setting. Topics include introduction to international accounting and factors contributing to the development of international accounting, similarities and differences in the accounting practices of a number of countries, and accounting issues related to multinational companies.

Intended Learning Outcomes: Upon successful completion of this course students should / be able to:

 Understand the important concepts and issues in the field of international accounting and reporting  Compare accounting practices in different countries and employ the accounting developments in different countries in different cultural contexts in their environment or country.

 Clarify the accounting procedures used in accounting for multinational companies in light of the different nature of cultural dimensions.  Understand the concept of international accounting harmonization and the steps taken in this regard.  Understand that accounting is not just a routine calculation and that accounting numbers are used to describe economic phenomena in a cultural context that is completely dominated by the description.  Conduct applied research related to international accounting.  Develop analytical and critical thinking abilities.

Prescribed Textbook: Choi, Frederick D.S. and Meek, Gary K. (2011), International Accounting, 7th Edition, Pearson, New Jersey, USA.

Course Items:  Chapter 1: Introduction to International Accounting  Chapter 2: Development and Classification  Chapter 3: Comparative Accounting: Europe  Chapter 4: Comparative Accounting: the Americas and Asia  Chapter 5: Reporting and Disclosure  Chapter 6: Foreign Currency Translation  Chapter 7: Financial Reporting and Changing Price  Chapter 8: Global Accounting and Accounting Standard  Chapter 9: International Financial Statement Analysis  Chapter 10: Managerial Planning and Control  Chapter 12: International Taxation and Transfer Pricing

Assessment: You will be assessed as follows:

Research Paper (discussion and report) 20 % Mid-term Exam2 30 % Final exam 50% Total 100%

ﺑﺴﻢ اﷲ اﻟﺮﺣﻤﻦ اﻟﺮﺣﯿﻢ

YARMOUK UNIVERSITY

FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES

DEPARTMENT OF ACCOUNTING

COURSE SYLLABUS 2nd SEMESTER 2017/2018

Course title: ACC631— Advanced Cost Accounting

Instructors: Prof. Mahmoud Qaqish

Class Time: (3:00-6:00) Tuesday

Office Hours: 2-3 Tuesday

Class Room: 220A

Office No.: 225A (Faculty of Economics)

E-mail address: [email protected]

Web site: faculty.yu.edu.jo/M.Qaqish

Prerequisites: None

Credit Hours: 3 Credit hours.

Course Descriptions:

An Introduction to Cost Terms and Purposes, Activity-Based Costing and Activity-Based Management, Master Budget and Responsibility Accounting, Flexible Budgets, Variances, and Management Control, Cost Behavior, Cost Allocation, Customer-Profitability Analysis, and Sales- Variances Analysis, Allocation of Support-Department Costs, Common Costs, and Sales-Variance Analysis, Spoilage, Rework, Scrap, Inventory Management, Just-in-Time, and Backflush Costing.

Course Objectives:

This course aims to present the different costing systems and methods which are used in determining the cost of products and services in the organization. It aims also to show the role of costing accounting as a managerial tool for business strategy, planning and controlling. In addition, this course will introduce the “different costs for different purposes” theme, and indicates how cost accounting helps managers make better decisions.

Learning Outcome:

After completing this course the student must demonstrate the knowledge and ability about:

Cost Terms and Purposes , Job Costing- Activity-Based Costing, Master Budget, Flexible Budgets, Cost behavior, Cost allocation, Spoilage, Rework & Scrap, Inventory Management, Just-in-Time, and Backflush Costing.

Topics to be covered:

Week Topics

1,2 An Introduction to Cost Terms and Purposes

3 Activity –Based Costing

4 Master Budget

5,6 Flexible Budgets, Variances, and Management Control

7 Determining How Cost Behave

8,9 Cost Allocation, Customer-Profitability Analysis, and Sales Variance Analysis

10 Mid-term Exam

11,12 Allocation of Support-Department Costs, Common Costs, and Sales-Variance Analysis

13 Spoilage, Rework, and Scrap

14,15 Inventory Management, Just-in-Time, and Backflush Costing

16 Final Exam

Prescribed Text: Datar and Rajan, Horngren’s Cost Accounting (A Managerial Emphasis), 16th Edition (2018): Pearson Global Edition.

Recommended Readings-available online: www.pearsonglobaleditions.com/horngren

Examination and Grading:

Student’s grades will be computed as follows:

Midterm Exam 30%

15% Term Paper

Presentaon, Parcipaon, and Homework 15 %

Final Exam 40%

Total 100%

Course Syllabus

Yarmouk University

College of Economics and Administrative Sciences

Department of Accounting

Course Name: Advanced Managerial Accounting

Course No: Acct 632

Prerequisite(s): Acct 102

Credit Hours: 3 hours

Instructor: Professor Mahmoud Qaqish

Office Location: Room No. ECO 325A

Office Hours: Sunday, Tuesday 10-11; Monday 11-12

or by appointment,

Office Phone : 02 7211111 Extension 6725

E-Mail Address: [email protected]

Course Web Page: www.mhhe.com

Class Hours: Sec 1: 3:00- 6:00 pm Tuesday , Sec 2: 3:30-6:30 pm Monday, and Sec 3: 9-12 Sunday

Class Location: RoomEco 220 A

Course Description

This course includes information necessary for short-term and long-term decisions through budgeting, comparing investment projects, planning and controlling , decentralization of management and responsibility accounting, and performance evaluation

Course Objectives:

The aims of the course are to study the concepts of managerial accounting in greater depth together with detailed analysis of the underlying reasons for their use. It also aims to show students, through discussion, illustrations and assignment materials, the wide application of managerial accounting principles to business and economic problems.

Further, advanced techniques are introduced and some major principles of management theory will be related to management accounting. Students will be strongly encouraged to formulate their own individual views on the particular applicability of the various techniques in specific circumstances.

Textbook(s),

Ronald w. Hilton, Managerial Accounting, 9th edition, McGraw-Hill, 2011 17

 Garrison Ray H. , Eric W. Noreen and Peter C Brewer, Managerial Accounng, 14th edition, McGraw-Hill, 2011. Supplies and Tools

You need a calculator and the self – study CD

Course Contents and Calendar*:

Week Topic(s)

1-2 Chapter 2: Basic Cost Management Concepts and accounng for Mass Customizaon Operations

3 Chapter 6: Activity Analysis, Cost Behavior and Cost Estimation

4 Chapter 7: Cost-Volume-Profit Analysis

5-6 Chapter 9: Proﬁt Planning, Acvity Based Budgeng

7 Chapter 12: Responsibility Accounng, Quality Control and Environmental Cost Management

8 Chapter 13: Investment Centers and transfer pricing

9-10 Chapter 14: Decision making : Relevant Cost and Beneﬁts

11-12 Chapter 16: Capital Expenditure Decisions

13 Chapter 8: Absorpon and Variable and Costing

*The instructor reserves the right to make any changes appropriate for the administration and evaluation of the course.

Methods of instruction:

- Exercise - Lectures

- Quizzes - Group discussion

- Cases

Assessment Methods

- Problem Sets and Cases - Class participation - Quizzes - Examinations Grading

- Midterm exam 30% - Term Paper 15% - Final exam 40% - Class attendance, Presentation and participation 15% Classroom Rules of Conduct

- Punctuality is essential. - The use of mobile is prohibited in class. - To pass the course, the student should attend at least 85% of the classes. - University rules will be applied in case of misconduct Academic Dishonesty

Students engaging in academic dishonesty will be dealt with in the strictest possible manner as per the University guidelines

Examinations schedule:

Upon the compleon of chapter 9 Midterm exam

To be handed before the final exam Term paper

It will be determined later Final Exam

Good Luck

Yarmouk University

Faculty of Economics and Administrative Sciences

Department of Accounting

Advanced Financial Statement Analysis (ACC 641)

Course Outline

Second Semester 2016/2017

Instructor Prof. Mishiel Suwaidan

Telephone 72711111 Ext. 6730

Sections Sect. 1 (15:00-18:00) Sunday

Course Credits 3 hours

E-mail [email protected]

Website http://faculty.yu.edu.jo/Mishiel/

Course Objectives:

The intended learning outcomes of this course are:

A) Knowledge and Understanding: 1. to provide students with a broad, practical perspective to work on financial statement analysis. 2. To enhance financial statements users’ understanding of financial reporting in order to facilitate improved decision-making 3. To review financial statements for fairness and completeness in reporting. 20

4. To apply and critically assess the principal tools and techniques available for analysis. B) Subject Specific Skills 1. Apply the analytical tools in real life situations by analyzing the financial statements of companies in order to make sound decisions within a certain context. 2. Recognize how different investors evaluate the financial statements. C) Intellectual Skills 1. Critically think how financial analysts evaluate the performance of companies through financial reporting in real life situations.

Prescribed Text:

Subramanyam, K. R. (2014), “Financial Statement Analysis”, 11th Edition, McGraw-Hill.

Subramanyam, K. R. and J. J. Wild (2010), “Financial Statement Analysis”, 10th Edion, McGraw-Hill.

Gibson, C. H. (2013), Financial Reporting and Analysis: Using Financial Accounting Information, 13th Edition, South-Western College Publishing, USA.

Course Requirements:

There will be reading and written assignments from the text(s) and from other materials covered. There will be a mid-term on the first half of the term and a final exam on the second half. Students are also expected to do a research paper on issues related to financial statements analysis.

Students need to have access to the Internet, databases available in the university and submit the entire requirement on time (late submission is not accepted in any way). If you have little or no experience and/or knowledge of Finance and accounting, you may find it necessary to spend a greater than average amount of

time to complete the assignments. Come to class prepared to discuss the assignments and any required cases. We will also comment on items from the current financial press.

Grading:

Mid-term 20%

Project or research paper 30%

Presentation Homework, class discussion 10%

Final 40%

Course Contents:

Topics Subramanyam and Gibson Sub. & Wild

Overview of Financial Statement Analysis Chapter 1 Chapters 2 & 5

Financial Reporting & Analysis Chapter 2 Chapters 1 & 2

Analyzing Financing Activities Chapter 3 Chapter 3

Analyzing Investing Activities Chapter 4 & 5 Chapter 3

Analyzing Operating Activities Chapter 6 Chapter 4

Analysis of the Statement of Cash Flow Chapter 7 Chapter 10

Credit Analysis Chapters 10 Chapters 6, 7 & 11

Return on invested capital and Profitability Chapter 8 Chapter 8 & 9 Analysis

Analysis of Special Industries - Chapter 12

YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES DEPARTMENT OF ACCOUNTING

COURSE OUTLINE

General Information Course Title Advanced Auditing Course code ACC 651 Prerequisites None Academic year/ Semester Second Semester 2017/2018 Course Credits 3 Instructor Dr.Hussein Alrabba Office Number A 413 Office Hours 12-13: Sun,Tue and Thu E-mail [email protected] Office Phone No

Course Description This course has been designed with topics to prepare students for the responsibilities and challenges faced as an auditor in charge. The course format will be for a lot of discussion on emerging topics facing individuals in positions related to controls monitoring. The course assumes base line knowledge of internal and external audit, however requires only a course in one of the two. It is preferred that individuals taking the course should be those with some audit experience either through a full time audit position, internship, or class project. Guests that are subject matter experts from

different areas and backgrounds participate in class discussion concerning common issues auditors are dealing with in today’s environment..This course will use case studies to explore audit topics not extensively covered in a typical introductory auditing course including internal controls, planning and risk assessment, audits of business cycles and work papers. It covers issues about the audit profession, professional services, auditors responsibilities, audit evidence, internal control, audit planning, audit reporting, audit sampling , audit of accounting cycles, audit research, audit independence, expectations gap and discussion of audit research papers and audit cases.

Course Objectives The course aims at achieving the following purposes: 1. Proficiency in effective communication and team work 2. Advanced knowledge of accounting, finance, business law, MIS, marketing, management, and economics 3. Application of critical thinking and advanced research skills to solve business problems and ethical dilemmas 4. Development of upper level management and leadership skills in a diverse and global environment 5. Executive Management level (knowledge) mastery of technology 6. Demonstrate the ability to locate and gather information 7. Demonstrate capabilities for critical thinking, reasoning, and analyzing 8. Demonstrate effective communication skills 9. Demonstrate an understanding of human experiences and the ability to relate them to the present 10. Demonstrate an understanding of various cultures and their interrelationships 11. Demonstrate the ability to integrate the breadth and diversity of knowledge and experience 12. Demonstrate the ability to make informed, intelligent value decisions 13. Demonstrate the ability to make informed, sensitive aesthetic responses 14. Demonstrate the ability to function responsibly in one’s natural, social, and political environment

Intended Learning Outcomes (ILOs): Upon successful completion of this course students will be able to:

1. Explain an auditor’s ethical responsibilities;

2. Identify potential legal liability in the context of an audit engagement;

3. Evaluate audit related pronouncements and explain how these are applied to the audit;

4. Demonstrate an enhanced understanding of electronic technologies affecting the modern audit environment.

5. Demonstrate an understanding of planning and conducting an engagement including making assessments of audit risk, fraud, materiality and deciding the nature, timing, and extent of test

6. Identify objectives for particular audits, select and apply tests of control and substantive procedures to obtain appropriate audit evidence, evaluate the evidence, and draw reasonable conclusions

7. Apply relevant account and reporting standards to evaluate and form opinions on financial statements

Teaching Methods and Assignments: Development of ILOs is promoted through the following teaching and learning methods:

1. Lectures 2. Discussion and problem solving 3. Brainstorming 4. Individual assignments 5. Case Study 6. Lecturing using PowerPoint Presentations, mixed with discussion with students 7. Asking students to prepare a term paper about a subject or a problem related to the course

Required Textbook Required for all students: Auditing and Assurance Service. 15th edition, Arens, Elder, Beasley; Prentice Hall The Enron Collapse, Gregory J, Jenkins Additional References:

- Hay, D., Knechel. W.R. and Willekens, M. (editors) (2014) The Routledge Companion to Auditing, Routledge. - Dennis, I. (2015) Auditing Theory, Routledge. - Sherer, M. and Turley, S. (editors) (1997) Current Issues in Auditing, 3rd ed.tion,Paul Chapman Publishing Ltd. - Porter, B, Simon, J and Hatherly, D (2014) Principles of External Auditing, 4th edition, John Wiley and Sons. - Gray, I and Manson, S (2011) The Audit Process: Principles, Practice and Cases, 5th edition, Cengage Learning - Louwers, TJ, Ramsay, R.J, Sinason, DH, Strawser, JR, and Thibodeau, JC (2015) Auditing and Assurance Services, 6th edition, McGraw-Hill. - Gramling, AA, Rittenberg, LE and Johnstone, KM (2012) Auditing, 8th edition, Cengage Learning. - Beasley, MS, Buckless, FA, Glover, SM and Prawitt, DF (2012) Auditing Cases: An Interactive Learning Approach, 5th edition, Pearson. - Knapp, MC (2013) Auditing Cases, 9th edition, South-Western, Cengage Learning.

Course Contents

Weeks Chapter Content Allocated 1 The Profession of Auditing W1 2 - Introduction - (AEBH) Chapter One - (AEBH) Chapter Two 3 Audit reports W2 - (AEBH) Chapter Three and new ISAs on audit reports 4 W3 Ethics and auditor behavior - (AEBH) Chapter Five 6 W4 Audit responsibilities - (AEBH) Chapter Six 7 W5 Audit evidence - (AEBH) Chapter Seven 27

8 Audit Planning W6 - (AEBH) Chapter Eight

9 W7 The audit risk model - (AEBH) Chapter Nine

11 W8 Internal controls and information technology controls (AEBH) Chapter Eleven

12 Assessing control risk and testing controls W9 (AEBH) Chapter Twelve Mid-Term Examination

10 - Assessing fraud risk W10 (AEBH) Chapter Ten

13 W11 - Developing the overall audit plan and audit program (AEBH) Chapter Thirteen

24 W12 - Audit completion (AEBH) Chapter Twenty-four

15 - Audit sampling W13 (AEBH) Chapter Fifteen 14+16 Substantive testing in auditing W14 (AEBH) Selected parts of chapters Fourteen and Sixteen - Revision W15 - Discussion of cases submitted by students W16 Final Examination

Course Assessment Type of Assessment Weight Type - Multiple choice questions - True/False Mid Exam 30% - Short answers - Essay Questions - Problem solving - Explanations - Multiple choices questions Final Exam 40% - True /False - Short answers - Problem solving - Multiple choices questions Participation, home works, 10% - True /False quizzes and assignments - Short answers - Problem solving - Readings related to the course to be discussed. Students required to Discussion of readings 10% submit short reports on readings

- Students required to submit a solution for a comprehensive case study on an audit topic, Comprehensive Case 10% and discuss their solution in the final lecture

Total 100%

University Regulations:

A. Attendance, Participation & Assignments Policies

Regular class attendance and class participation are necessary for successful completion of the course. A student whose absence exceeds (15%) of lectures will be dismissed according to the university's regulations. While attendance will indirectly be considered in the determination of the participation mark, it will be used to influence the grade in marginal situations. Absence from any exam without a valid excuse will be recorded as zero. You have the responsibility to contribute toward the learning, expected contributions include preparing the topics, arriving to class with assignments completed to the best of your ability, entering into class discussion and posing questions about course material you do not adequately understand. Assignments are to be submitted next lecture from which they are given. You are expected to be in the classroom on time. If it is necessary for you to arrive up to 5-minutes-late to class, please enter the room quietly to minimize disruption. However, 3 times of late arrivals are considered ONE absence for record purposes. If you are absent from a class session, it is your responsibility to become fully familiar with any information presented during that session. In this case, I recommend that you contact me.

B. Withdrawal from Courses A student may withdraw from a course, as long as the academic load does not fall below 12 credits for a full time student. There are exceptional cases in which a full time student may carry less than 12 credit hours. You should refer to the university academic calendar to check the deadline date for withdrawal from a course.

C. Academic Integrity Students are expected to do their academic work without unauthorized help of any kind. Cheating, plagiarism or any other proven academic irregularity must be reported by the faculty member concerned to the Academic Disciplinary Committee for appropriate action.

CELLPHONE POLICY Use of cellphones during class time is prohibited. This applies to texting as well; I regard this the same as a conventional phone call. Don't use them in class; turn all sound off. I will deal with problems in this area on a case-by-case basis, but would likely include asking you to leave class. As members of the University community, students share in the obligation to maintain a classroom environment that is conducive to learning. Accordingly, students are prohibited from engaging in any behavior that obstructs, disrupts, or interferes with any class. Inappropriate behavior in the classroom may result, at a minimum, in a request to leave class. Such behavior also violates the Student Code of Conduct and may result in disciplinary action.

GOOD LUCK

YARMOUK UNIVERSITY FACULTY OF ECONOMICS AND ADMINISTRATION SCIENCES DEPARTMENT OF ACCOUNTING

COURSE OUTLINE

General Information Course Title IFRS Course code Acc 681 Prerequisites Advanced Financial Accounting, International Accounting and Accounting Theory Academic year/ Semester 2017/2018Summer Semester Course Credits 3hrs. Instructor Prof Riyadh Al-Abdullah Office Number 229A Office Hours 9:00AM-10:30AM E-mail [email protected] Office Phone No

Course Description

IFRS is nowadays is considered a paradigm. IFRS started to become the world most dominating financial reporting requirements.Their influences extend over practical and theoretical matters. Over 100 countries in various continents deal with IFRS. The USA, the most influential on accounting worldwide has been adopting policies to converge to IFRS. The European Union, since 2005, had a decision to adopt, after a thorough checking, each IFRS. At the practical level, countries implement IFRS with various degrees. Some countries adopt the policy of full adoption without paying any due attention to direct or indirect implications of implanting IFRS for their cultural and environmental factors. Other countries adopt the policy of partial adoption and on standard-by- standard basis without modifications or alterations. Still other countries adopt the policy of cautious implementation, standard-by-standard basis and modifications or alterations are made to ensure harmony with the cultural and environmental factors. Regardless of the adoption policy adhered to, the implementation of IFRS is worldwide. At the theoretical level, a very sizable literature has been dominating various journals. Many books are devoted to discussing various issues related to IFRS. Among these issues are the cultural and environmental (social, economic and political) impacts of IFRS, their technical requirements, the matching between hectic requirements of some of the IFRS and the education level of each country, their role in bringing about structural economic changes of various degrees in various countries, the reaction(s) of various countries (hostile or friendly) to IFRS etc. The tremendous influences of IFRS at the practical and theoretical levels allow giving them the status of paradigm. When discussing each IFRS due attention will be given to the objectives of issuing each, definitions of terms, scope of application, possibilities of exception, alternative concepts of the subject matter, application policies, requirements for proper and smooth application, impact on and connectivity to other IFRS, and the consequences for financial reporting.Critical thinking will be given due attention through analytical and evaluative approaches to the implications and consequences of adopting IFRS. Deep discussion must be carried out to each IFRS and collectively to identify areas of contradiction, difficulties of implementation, drawbacks in logical sequence, lack of structural articulation, sequential connectivity and the logicality of the general structure.

Course Objectives IFRScourse (acc681) is based on IFRS issued by the International Accounting Standards Board and IASC. The course aims at focusing on the following main objectives: 1. Thorough discussion of root of IFRS. 2. Thorough discussion of the root cause and the structure of the two organizations (IASC and IASB) responsible for the issuance of IFRS. 3. Thorough discussion of the procedures leading to the issuance of IFRS. 4. Thorough discussion the Logic (reasons) behind the concept of international harmonization the impact of which is the creation of IASC/IASB and the issuance of IFRS. 5. Educating students on how the critical and evaluative mannerto be employed for better acquaintance withthe theoretical foundations of IFRS. 6. Educating students on how to deduce reasonable interpretations of each IFRS 7. Educating students to evaluate expedient ways for the implantation of IFRS. 8. Educating students on how to formulate ideas about and deduce implication of definition of terms in each IFRS and the implications behind the definitions. 9. Educating students on how evaluate the circumstances allowing the implementation of IFRS. 10. Educating students on the implicationsfor and connectivity of each IFRS to both the balance sheet and income statement.

Intended Learning Outcomes (ILOs): 1. Knowledge and understanding of the IFRS generally. 2. Knowledge and understanding of the role of IFRS in improving accounting practices. 3. Knowledge and understanding of the implementation of IFRS 4. Knowledge of and understanding the various terms in each IFRS and their implications. 5. Knowledge and understanding ofthe derivative nature of accounting theories through the use of the deductive and inductive logic. 6. Knowledge and understanding of the role of reflective thinking when looking critically at each IFRS. 7. Knowledge and understanding of the educational nature (multidimensional thinking) as opposed to indoctrinative nature (unilateral thinking) when critically evaluating each IFRS 8. Knowledge and understanding of the philosophies involved in the development of various IFRS. 9. Knowledge and understanding of the interaction between the technical nature and the political, economic and social contexts of IFRS.

Text Required Wiley 2017 Interpretation and Application of IFRS Standards. John Wiley & Sons. USA and Great Britain.

Course Contents Lectures Topics Content Allocated 1 Introduction to International Financial Reporting Standards. Two lectures 2 Conceptual Framework. Two lectures 3 Presentation of Financial Statements. Two lectures 4 Statement of Financial Position. Two lectures 5 Statement of Profit or Loss and Other Comprehensive Income and Two lectures Changes in Equity. 6 Accounting Policies, Changes in Accounting estimates and Errors. Three lectures 7 Property, Plant and Equipment. Two lectures 8 Intangible assets. Two lectures 9 Impairment of Assets and Non-Current Assets Held for Sale Two lectures 10 Current Liabilities, Provisions, Contingencies and Events after Three lectures the Reporting Period 11 Revenue Recognition, Including Construction Contracts. Two lectures 12 Leases Two lectures 13 Financial Instruments Four lectures 14 Fair value Two lectures 15 Operating Segments Two lectures 16 Related Party Disclosure Two lectures 17 Interim Financial Reporting Two lectures 18 First-Time Adoption of International Financial Reporting Two lectures Standards

University Regulations:

A. Attendance, Participation & Assignments Policies

B. Withdrawal from Courses

A student may withdraw from a course, as long as the academic load does not fall below 12 credits for a full time student. There are exceptional cases in which a full time student may carry less than 12 credit hours. You should refer to university academic calendar to check the dead line date for withdrawal from.

C. ACADEMIC INTEGRITY

GOOD LUCK

UINVERSITY OF YARMOUK

COLLEGE OF ECONOMICS AND BUSINESS ADMINISTRATIVE SCIENCES

ACCOUNTING DEPARTMENT

MSc PROGRAM

ACCOUNTING THEORY COURSE OUTLINE

ACADEMIC YEAR 2018-2019

FIRST SEMESTER

Course title Accounting Theory Course code Acc…….. Instructor’s name Prof Riyadh Al-Abdullah Instructor’s e-mail [email protected] address Instructor’s mobile 00962790565645 Instructor’s office 229/the economics building Instructor’s office tel. no. References used Two textbooks on accounting theory

Course general description and main objectives

The main objective of Acc …..is contemporary developments in financial accounting theories. This main objective is intended to offer a very wide theoretical background about financial accounting theories and a training opportunity on how theories are formulated and refuted. Thus, students are exposed to various theorizing issues that enhance reflective thinking abilities. Deduction (from general to particular) and induction (from particular to general) are descriptively, analytically, and critically investigated with due emphasis on exemplars from various prominent accounting theories. Due emphasis are given to main theorizing approaches: positivism and normativism. The Acc…….. discusses, investigates, analyses and criticizes with an equal balance for both positive and normative theories. Equal balance is also given to discourses on the evolutionary and chronologicaldevelopments of various financial accounting.One of the most important topics emphasized by Acc…… is paradigm emergence, domination and demise. The paradigmatic approach covers cultural dimension in accounting, positivism in accounting, accounting (valuation) measurement, positive accounting theory and research, and corporate social responsibility. A paradigmatic approach to certain research phenomena in accounting allows better understanding of the circumstances surrounding financial accounting theory formulation, acceptance and refutation. Students acquire the knowledge that accounting theories can never enjoy perpetual dominance.

Course contents allocated among lectures (weeks)

Lectures (weeks) 1 and 2 Theorization in general and theorization in financial accounting in particular. Lectures (weeks) 3 The financial reporting environment. Lecture (week) 4 The regulation of financial accounting. Lecture (week) 5 International accounting and the role of culture in formulation accounting theories: a paradigmatic approach. Lecture (week) 6 Measuring issues: accounting for the effects of changing prices and market conditions: a paradigmatic approach. Lecture (week) 7 & 8 Normative theories of accounting: the case of conceptual framework projects. Lectures (weeks ) 9 & 10 Positive accounting theory: a paradigmatic approach. Lecture (week) 11 Unregulated corporate reporting decisions: considerations of systems-oriented theories. Lectures (weeks) 12 & 13 Extending corporate social responsibility: the incorporation of social and environmental factors with external reporting: a paradigmatic approach. Lecture (week) 14 Reactions of capital markets to financial reporting. Reactions of individuals to financial reporting: an examination of behavioral research in accounting Lecture (week) 15 Critical perspectives of accounting

UINVERSITY OF YARMOUK

COLLEGE OF ECONOMICS AND BUSINESS ADMINISTRATIVE SCIENCES

ACCOUNTING DEPARTMENT

MSc PROGRAM

CONTEMPORARY ACCOUNTING ISSUES OUTLINE

ACADEMIC YEAR 2018-2019

FIRST SEMESTER

Course title Contemporary Accounting Issues

Course code Acc Instructor’s name Prof Riyadh Al-Abdullah Instructor’s e-mail [email protected] address Instructor’s mobile 00962790565645 Instructor’s office 229/the economics building Instructor’s office tel. no. References used Two textbooks and 10 articles

Course general description and main objectives Accounting as a field of inquiry is in a continuous state development at both the practical and theoretical levels. The expansion in accounting theories witnesses a proliferating phenomenon. Normal accounting courses cannot keep track of recent developments in accounting theories and practices. In addition, these courses cannot explore in depth certain important topics (e. theory construction, validation and refutation). Contemporary and other topical issues greatlywiden and enhance an accounting MSc student about the vividness and creativity in the field of accounting. Student’s reflective thinking would also be enhanced through insightful knowledge about how accounting theories are developed, constructed and tested. Thus, a course on current accounting issues should target creating an awareness in the mind of an MSc student about contemporary developments in accounting, an in-depth investigation on the most important topics traditionally addressed, and critical-analytical approach to theory construction, acceptance and refutation. The topics addressed in the course on current accounting issues include IFRS, fair value accounting, sustainability accounting comprising environmental and corporate social responsibility accounting, theorization in accounting with due emphasis on positive accounting research.

IFRS: it is beyond doubt that IFRS have become a prominent paradigm in the contemporary accounting literature with far reaching consequences at both the practical and theoretical levels. More than one hundred countries around the globe implement IFRS. The implementation itself is an interesting phenomenon. There are full compliance (implementation), carve-out compliance, partial compliance, pseudo compliance etc. Two important topics are worthy of focus: international harmonization and culture dimensions. IFRS are supposed to achieve an old international goal of harmonizing accounting. This requires a critical investigation in the role of IFRS in harmonizing accounting among various countries and the validity of such harmonization. The second topic addresses the extent to which IFRS can be set at an abstract level without being in conflict with various cultural dimensions. Alternatively,

the issue here is about the possibility of accommodating IFRS in various countries that have different cultural values.

FAIR VALUE ACCOUNTING: The history of accounting at the practical level reveals that practicing accountants have been reluctant to depart historical cost basis as the main valuation approach in financial reporting. The adoption of fair value accounting (mainly represented by current selling price less disposal cost) by professional accounting bodies such as the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) represent a turning point in the history of accounting. Huge accounting literature discusses various issues related to fair value accounting including historical background (Professor Raymond Chambers’ continuously contemporary accounting and Professor Robert Sterling’s exit value accounting and their roles in building ideas and changing accounting thoughts on accounting valuation), Statement of Financial Accounting Standard 157 (fair value measurement) issued by the FASB and IFRS 13 (fair value accounting) issued by the IASB, the theoretical underpinnings of fair value valuation, and the practical difficulties impeding smooth implementation of fair value.

SUSTAINABILITY ACCOUNTING:The essence of sustainability accounting is promoting the role of a commercial entity as a good “abiding citizen”. This imposes a concept of a commercial entity that does not seek cash wealth maximization for a small group in any society rather seek maximization the well-fare or well-offness of all groups in a society. Thus, a good “abiding citizen” is not meant to be an entity that complies with pure legal requirements. It is meant to truly dedicating, caring and responsible entity to its society since the generally unrefuted premise is that society creates a commercial entity. Sustainability accounting has two closely interdependent and interwoven branches. These are social responsibility accounting and environmental accounting. It could be said that that social responsibility accounting is more concerned about human beings whereas environmental accounting is more concerned about society’s general welfare such ecological and green society’s issues.

POSITIVE ACCOUNTING RESEARCH:After decades of domination by normative accounting research targeting the formulation of accountingtheories that seeks changing accounting practices considered to be unideal with those considered to be ideal, a new approach to accounting theorization has emerged that seek studying extant reality rather than changing it. Since its revival in accounting around the mid of the 1970s, positivism in accounting has enjoyed dominance and even total hegemony during the 1980s, 1990s and, to certain extent, 2000s. Its major underpinnings are borrowed from natural sciences, positive economics and neoclassical economics. Positive accounting research seeks finding out what is going on (applied accounting practices), the reasons 44

[implication(s)] of what is going on for the sake of having a better understanding about what is going on. It is thought that this type of research would improve accounting policy making. Positive accounting research requires hypothesis formulation about extant accounting practices, testing hypothesis, and establishing causes or reasons for applying accounting practices regardless of whether these accounting practices are arbitrary (e.g. allocation-based accounting figures) or not. However, positive accounting research is not with critics some of whom are prominent accounting theorists (philosophers) such as Tony Tinker, Raymond Chambers and Robert Sterling. Thus, for an adequate knowledge, familiarity and understanding of positive reseach in accounting it is of paramount importance to be fully informed about the various approaches adopted by these critics in constructing anti-positive accounting theories.

Course contents allocated among lectures (weeks) 4 lectures (weeks) 1.IFRS Lecture (week) 1 The concept of international accounting harmonization Lecture (week) 2 The creation and structure of IASC and IASB and their reliance on US GAAP. The role of IASB’s conceptual framework in developing accounting standards. Lecture (week) 3 An analytical and critical investigation of the general structure of IFRS. Lecture (week) 4 Practical difficulties and challenges in in implementing IFRS selected countries with due emphasis on the European Union and the phenomenon of “carve-out”. 4 lectures (weeks) 2. Fair value accounting Lecture (week) 5 The theoretical underpinnings of exist value accounting (current selling price) Lecture (week) 6 General orientation: The emergence of fair value accounting. SFAS 157 (issued by the FASB) and IFRS 13. Lecture (week) 7 Practical implementation of IFRS 13 Lecture (week) 8 Analytical and critical evaluation of fair value accounting. 4 Lectures (weeks) 3.Sustainability accounting Lecture (week) 9 CSR:: general orientation and theoretical background Lecture (week) 10 CSR: the implementation of CSR in certain countries and multinational accounting firms. Lecture (week) 11 Environmental accounting: general orientation and theoretical background. Lecture (week) 12 Environmental accounting: the implementation of environmental accounting in certain countries and multinational accounting firms. 4 Lectures(weeks) 4.Positive research in accounting 3Lecture (week) 1 The essence of positivism in accounting. 14Lecture (week) The influences of bonus plan debt/equity and political cost hypotheses on the formulation of positive accounting theories (article-based literature).

15Lecture (week) General criticisms of positive accounting research. 16Lecture (week) Criticisms of positive accounting research (article-based literature).

Yarmouk University

Faculty of Economics and Administrative Sciences

Department of Economics

Econ. 604: Econometrics

(Master Degree Course)

Instructor: Prof. Dr. Ahmad Malawi

Phone #: Yarmouk University/ Extension (6709).

E-mail: [email protected]

Office Hours: As they are posted on my office and by appointment.

.Course Description:

The purpose of this course is to provide students with fundamental econometric theories and their applications. Topics include simple and multiple linear regression models, generalized least squares, maximum likelihood estimators, lagged variables, logit and probit models. Topics like simultaneous equations models, model identification, instrumental variable estimation, indirect-least-squares method, two-stage least squares (2SLS) and three-stage least squares, (3SLS) and nonlinear regression models will be covered. The presentation will be balanced between theories and their applications. Computer based empirical applications will be implemented by using statistical softwares like E-views, Minitab, RATS, and SPSS.

References:

The recommended references are:-

1) Johnston, Jack and John DiNardo (1997), Econometric Methods, Fourth Edition, McGraw-Hill, Inc.

2) Greene, William H. (2000), Econometric Analysis, Fourth Edition, Prentice-Hall, Inc.

3) Davidson, James (2000), Econometric Theory, Blackwell Publishers Inc., USA.

4) Davidson, Russel and James G. Mackinon (1993), Estimation and Inference in Econometrics, Oxford University Press.

5) Lardaro, Leonard (1993), Applied Econometrics, HarperCollins College Publishers.

6) Gujara, Damodar N. (2004), Basic Econometrics, Third Edition, McGraw-Hill, Inc.

7) Pindyck, Robert S. and Daniel Rubinfeld (1997), Econometric Models and Economic Forecasts, Third Edition, McGraw-Hill, Inc.

Exams and Grading:

Students in this course will be evaluated according to the following: -

1. One mid-term exam (in the eighth week of the Semester) 30%

2. Final exam (according to the University scheduled me) 40%

3. Report (it must be an empirical paper) 10%

4. Assignments 10%

5. Quizzes 10%

Administrative Matters:

- There will be no late assignments and make-up quizzes.

- Make-up exams will generally not be given. A request for alternative arrangements must be in writing and accompanied by a very convincing document for not taking the scheduled exam- OTHERWISE YOU WILL RECEIVE A SCORE OF “0” FOR THAT EXAM. - All of the Yarmouk University policies will be strictly enforced.

- Attendance policy: If you miss more than two classes without very strong excuses, you need to drop the course or you will not pass this course.

Course Outline:

1. Review for simple linear regression model.

2. Review for Matrix Algebra: quadratic forms, positive definite matrices, eigenvalues, eigenvectors,

trace of matrix, rank, and others.

3. Multiple linear regression model.

4. Maximum likelihood and Generalized least-squares.

5. The Generalized Method of Moments (GMM).

6. Regressions with Lagged variables.

7. Instrumental variable estimation, two-stage least squares, three-stage least squares.

8. A seemingly Unrelated Regressions (SUR) statistical model and estimator.

9. Simulataneous equation models.

10. Nonlinear Regression Models.

11. Stationarity and Granger-causality.

Comprehensive Final Exam (Week 16)

Note: Please feel free to call me or email me at any time.

GOOD LUCK