BACHELOR OF ACCOUNTING

Industry driven, active and highest quality in teaching

PROGRAMME OBJECTIVES

To produce competent and versatile accounting graduates who are able to be leaders in organizations.
To produce accounting graduates who are ethical, outstanding, and have high confidence to uphold the accounting profession.
To provide a platform for graduates to develop career and education in the accounting profession.
To produce accounting graduates with effective interpersonal skills.

PROGRAMME STRUCTURES AND FEATURES, CURRICULUM AND AWARD REQUIREMENTS

The course is offered in full-time mode comprising of eight (8) regular semesters and in part-time mode comprising of twelve (12) regular semesters. The course requires students to undergo 6 months (24 weeks) of industrial training during the 7th semester (for full-time mode). Assessment of students’ performance is based on formative and summative evaluation conducted throughout each semester. Assessment: Maximum of 60% final examination and the remaining allocated to coursework. Condition for Graduation Graduates should fulfill all the curriculum requirements of the program. Curriculum Structure

(23 Credits)

Appreciation of Philosophy, Values and History (4 credits)

1. Code: UICI 1012 – Islamic and Asian Civilizations (Local students) Credit: 2 or 2. Code: ULAM 1012 – Bahasa Melayu Komunikasi 2 (International Students) Credit: 2 3. Code: UHAS 1172 – Malaysian Dynamics (Local students) Credit: 2 or 4. Code: UHAK 1022 – Malaysian Studies 3 (International students) Credit: 2

Generic Skills (2 credits)

1. Code: UHAK 1012 – Graduate Success Attributes Credit: 2

Knowledge Enhancement (2 credits)

1. Code: UICL 2302 – Science and Technology Thinking Credit: 2

Generic Skills / Knowledge Enhancement Elective (2 credits)

1. Code: UHAK 2xx2 – Elective (Generic Skills) Credit: 2 or 2. Code: UICL 2xx2 – Elective (Science and Technology Thinking) Credit: 2

Service Learning Co-Curriculum (3 credits)

1. Code: UKQX 2XX2 – Service Learning Co-Curriculum Elective Credit: 2 2. Code: UKQE 3001 – Extracurricular Experiential Learning (ExCEL) Credit: 1

Language Skills (8 credits)

1. Code: ULAB 1122 – Academic English Skills Credit: 2 2. Code: ULAB 2122 – Advanced Academic English Skills Credit: 2 3. Code: ULAB 3162 – English for Professional Purposes Credit: 2 4. Code: ULAX 1122 – Foreign Language Elective Credit: 2

Entrepreneurship (2 credits)

1. Code: UHAK 1032 – Introduction to Entrepreneurship Credit: 2

(55 Credits)

Principles of Microeconomics

Code: SHAC 1063 Synopsis: This course provides first year students with fundamental knowledge of the principles governing the behaviour of economic agents and their application in the analysis of economic issues and problem solving. Credit: 3

Business Mathematics

Code: SHAC 1073 Synopsis: This course equips students with the basic mathematical tools and foundation needed to comprehend other courses with quantitative contents. This course also introduces to students applications of mathematics in economics, business and accounting. The topics covered are functions, system of linear equations and applications, ratio and proportion, sequence, interest and annuity. Also included are markup and markdown, breakeven analysis, calculus (differentiation, integration) and its applications (maxima and minima). Credit: 3

Principles of Management

Code: SHAC 1083 Synopsis: This course discusses the concepts, theories and techniques of modern management which are important in management discipline. This course covered the basic concepts and theories in the main functions of management: planning, organizing, directing and controlling. Topics that are being discussed include planning, decision making, organizational structure and design, communication and information technology, human resource management, change and innovation, motivation, leadership, control and operation and value management. Credit: 3

Organisational Behavior

Code: SHAC 1123 Synopsis: Organizational behavior is a core course that discusses the behavioral phenomena at the individual, group and the systems or organizational level. Discussion at the individual level covers issues relating to personality, attitude, values, perception, learning and motivation. Group level issues include group dynamics, communication, leadership and conflict. Finally, the issues at the systems level cover organization design, job design, organizational culture and organizational change. Credit: 3

Principles of Macroeconomics

Code: SHAC 1133 Synopsis: This course begins with an introduction to the basic concepts in macroeconomics, followed by discussions on national income accounting, determination of national income, unemployment, inflation and fiscal policy; money, banking and monetary policy; and international trade, balance of payments and exchange rates. Credit: 3

Commercial Law

Code: SHAC 1143 Synopsis: The course aims to provide students with a general overview on the commercial legal environment in Malaysia. Firstly, it will discuss the Malaysian legal system covering on topics such as the sources of laws, separation of powers, administration of justice, application of English law and the position of Shari’ah law. Secondly, this course will inculcate a basic understanding on the law of contract which constitutes the governing principles in all commercial transactions. The topics covered comprise of: the nature and legal consequences of contract, formation of contract, Iegal capacity, performance of contract, breach of contract and remedies. The Shari’ah principles of contract will also be discussed in order to instill a basic understanding in this important topic. The third part of the course will address the relevant laws regulating commercial activities, namely: the sale of goods, hire-purchase, law of agency and consumer protection. The laws on monetary instruments, banking and insurance are also included since they are of relevance to the commercial activities in Malaysia. The coverage of these topics are wide but not in-depth since the course aims to provide the students with an overview of the underlying principles regulating commercial transactions. Credit: 3

Financial Management

Code: SHAC 1153 Synopsis: This course focuses on the basic principles and techniques in making financial decisions. It covers both the concepts of financial management as well as the application of financial techniques as tools for making decisions. The topics covered include financial statement, working capital management, risk and return relationship, basic securities evaluation, capital budgeting, financial planning and time value of money. Credit: 3

Corporate Finance

Code: SHAC 2113 Synopsis: The course discusses the concepts and decisions in corporate finance. The topics that will be covered in this course are risk analysis, real options, capital budgeting, risk and return, long-term and short-term financing, capital structure, dividends policy, raising capital, leasing and mergers and acquisitions. This course embraces generic skills of scholarship skills and team working skills when engaging in the process of completing the projects given. Credit: 3

Statistical Methods

Code: SHAC 2133 Synopsis: The subject introduces descriptive and inferential statistics and their applications. It focuses on methods of describing data, probability, probability and sampling distributions; and hypothesis testing in particular comparing of means, analysis of variance, regression and multiple regression analysis. Credit: 3

Financial Market and Institutions

Code: SHAC 2163 Synopsis: This course provides an overview of some components of financial markets, which are stock, money, bond and derivatives market. In each of the components of financial market, method of evaluation, risk assessment, performance measurement and global influence are discussed. This course also includes a discussion about East Asian Crisis and the future challenges and the Islamic Capital Market. Important discussion topics relating to the current trends in financial markets are provided. Credit: 3

Company Law

Code: SHAC 2183 Synopsis: Business organizations and trade industries play an important role in achieving and stimulating economic success in the technological era of Malaysia. Therefore, graduates are expected to be equipped with knowledge and skills in respect of theoretical, practical and legal dimensions of business organizations. Accordingly, this course intends to provide students with an understanding of the legal framework governing a range of organizations with particular focus on the registered company, the relevant legal principles, and their practical application as well as governance issues that may arise. Credit: 3

Business Communication

Code: SHAC 3153 Synopsis: This course focuses on theories and principles of communication in business environment. The course addresses topics surrounding effective communication skills which include good oral presentations, planning, proposing and report writing, delivering oral and written messages to audiences and preparing resumes for job applications. The course is designed to equip students acquiring and practising good communication skills which are essential in business environment. Credit: 3

Strategic Management

Code: SHAC 3213 Synopsis: This course covers the concepts, theories and cases in the main functions of strategic management: formulation, implementation and evaluation. Topics that are being discussed include an overview of strategic management: the nature of strategic management; strategy formulation: the business vision and mission, the external assessment (competition and opportunities), the internal assessment (activities, resources, and capabilities); strategies in action, strategy analysis and choice; strategy implementation: management and operations issues, marketing, finance/accounting, R&D and MIS issues; and strategy evaluation: strategy review, evaluation, and control. This course features extensive use of case studies through group assignments and comprehensive project papers. Credit: 3

Industrial Training (Practical)

Code: SHAC 4058 Synopsis: This is a compulsory course for Bachelor of Accounting students. The purpose of this course is to provide exposure to the students regarding the actual working environment by placing them to work in organisations outside the university. Additionally, the course enables the student to apply concepts and theories acquired during lectures to the actual practices in areas related to accounting. Credit: 8

Industrial Training (Report)

Code: SHAC 4064 Synopsis: Industrial training is a compulsory course for Bachelor of Accounting students with the purpose to provide students with exposures on the actual working environment by placing them to work in organisations outside the university. The students are required to complete and submit their log book and a full report to their respective supervisor. The report should contain the background of the firm they are attached with and their activities throughout the training period. Credit: 4

Bachelor Degree Project

Code: SHAC 4074 Synopsis: This course is designed to give students an experience to conduct research related to the field of their study. Students will be guided to diagnose problems, investigate the background of the problems, decide the sample and subject as well as the methodology and approach of the study. Student will also be trained to review past research to develop a conceptual framework. Students collect and analyse the collected data to answer the objectives. The write up should be done systematically based on specified writing format. Credit: 4

(51 Credits)

Introduction to Financial Accounting

Code: SHAC 1033 Synopsis: This course aims at introducing students to the fundamentals of bookkeeping and principles of financial accounting. It explains the accounting equation, identifies steps to complete the accounting cycle and discusses the role of accounting records in an organization. It further explains the differences between cash and accrual accounting, the nature of general purpose financial statements, the role of accounting information in making economic decisions and discusses the significance of accounting systems in providing relevant and reliable information. It also exposes students to financial statement analysis and interpretation of financial ratios. Students will also be guided to use SQL accounting software to record business transactions and to produce financial statements. Credit: 3

Financial Accounting and Reporting 1

Code: SHAC 1103 Synopsis: In this first level course, students are exposed to the financial reporting regulatory framework (introduce key players in the financial reporting environment in Malaysia; MASB, MIA, SC, CCM, Bursa Malaysia etc.) and their role in capital market, SME sector, public sector and non-profit sector (NGOs, charitable organisation etc). Students will also be introduced to the financial reporting conceptual framework, elements such as assets, liabilities, equity, income and expenses, components of financial statements (including the relationship between statement of financial position, statement of comprehensive income, statement of cash flow and statement of changes in equity). Basic financial statement analysis, component of equity and financial reporting standards such presentation of financial statements, fair value measurement, inventories, PPE, non-current assets held for sales, government grants and intangible assets are also introduced. Credit: 3

Management Accounting 1

Code: SHAC 1113 Synopsis: This course introduces the basic concepts, terminologies, principles and methods of cost accounting at operational level. Topics covered include the fundamental elements of costs, traditional and contemporary costing methods, and cost, price and profit planning and decision making. The main emphasis is on estimating the cost of products produced or services rendered. The course is designed to facilitate students acquiring knowledge and understanding on concepts, principles and techniques of cost accounting at operational level. This course embraces authenticity of generic skills (team working and adaptability) when engaging in the process of completing tasks given. Credit: 3

Financial Accounting and Reporting 2

Code: SHAC 2093 Synopsis: This course reinforces the basic accounting knowledge and further exposes students to more elements of the financial statements and the respective financial reporting standards. The course covers topics such as revenue from contract with customers, provisions and contingencies, changes in accounting policies, estimates and correction of errors, events after the reporting period, income tax, long-term financial liabilities, statement of cash flow and earnings per share. Credit: 3

Management Accounting 2

Code: SHAC 2103 Synopsis: The course is designed to facilitate students acquiring knowledge and understanding on the application of cost and management accounting information in managerial decisions such as budgeting, standard costing, short-term decision making and performance measurement. The topics covered include budgeting and budgetary control, relevant information for short-term decision makings and financial and non-financial performance measurement. This course embraces authenticity of generic skills (team working and global citizenship) when engaging in the process of completing tasks given. Credit: 3

Accounting Information System

Code: SHAC 2123 Synopsis: This course covers Accounting Information Systems (AIS) topics in three main parts. The first part introduces the basic concepts of AIS including its objectives, components and subsystems. This section also introduces students to the techniques of documenting accounting systems. The second section discusses in depth the business processes (cycles) that include sales, purchasing, production, human resources and general ledger. Integration of business processes in ERP environment is also highlighted. Use of selected accounting software will also take place at this stage. The final section discusses the emerging issues in computer crimes, computer ethics and the roles of internal controls. Finally, a special focus will be given to selected issues related to AIS considering selected issues in IT potentially affecting AIS. Credit: 3

Financial Accounting and Reporting 3

Code: SHAC 2143 Synopsis: This course covers further advanced topics in financial reporting such as financial instruments, leases, investment property, impairment of assets, capital reconstructions, employee benefits, share-based payments, accounting and reporting by retirement plans and segment reporting. Credit: 3

Seminar in Management Accounting

Code: SHAC 2153 Synopsis: This course is an advanced level of Management Accounting papers at the undergraduate level. The course discusses in detail strategic and contemporary management accounting tools firms use to help them make strategic decision making. Traditional and contemporary strategic management accounting techniques are analysed and evaluated in the context of business cases. Topic covered include the evolution of management accounting, management accounting tools for managing costs, quality, suppliers, customers and environment, performance management and related behavioural and ethical issues as well as recent development in management accounting. Generics skills assessed in this course are teamwork, communication skills, scholarship and thinking skills. Credit: 3

Audit 1

Code: SHAC 2173 Synopsis: This course is an introduction course in auditing which aims to introduce students to the concepts and principles of auditing. Emphasis will be given on external and statutory auditing, focusing on the principles of auditing, role, ethics and responsibilities of public accountants, rules and regulation in performing audit. Among the topics covered in this course, it specifically focuses on the concept, process, planning, evidence, documentation and audit report. Credit: 3

Financial Accounting and Reporting 4

Code: SHAC 3143 Synopsis: This course introduces the accounting for business combinations and deals with the preparation of groups’ financial statements. It covers topics such as the regulatory requirements for preparing group accounts, consolidated financial statements for simple and complex group of companies including foreign subsidiaries, associates, joint-ventures, direct and indirect holdings in subsidiaries, and changes in the composition of group. It also introduces segment reporting and related party disclosure. Credit: 3

Taxation 1

Code: SHAC 3163 Synopsis: This course covers calculation of tax payable for personal taxpayers in Malaysia. Students are exposed to section 4 of Income Tax Act 1967 on taxable income and format used to arrive at the final tax payable. Apart from that, students should have knowledge related with tax administration in Malaysia. Credit: 3

Audit 2

Code: SHAC 3173 Synopsis: This course is a continuation of Audit I. It intends to strengthen and enhance students’ understanding in auditing. Among the topics that will be discussed are code of ethics, auditors’ liability and in-depth explanations on analytical procedures, computer assisted audit techniques (CAATs), audit sampling, materiality and audit risk, group audit and current issues facing the auditing profession. This course will justify others’ activities that financial statement audit that can be performed by a public accountant like operational audit, compliance audit and internal audit. Credit: 3

Taxation 2

Code: SHAC 3183 Synopsis: This course covers calculation of tax payable and related taxable transactions particularly to companies in Malaysia. Students are exposed to regulations that focus on the taxable and non-taxable transactions performed by companies. Students are to give task to real cases in a real company and need to adapt to the real scenario. Credit: 3

Analysis and Design of Accounting Information Systems

Code: SHAC 3193 Synopsis: The course is designed to enable students to have an understanding, exposure and knowledge in the process of System Development Life Cycle (SDLC). SDLC is a process by which organizations acquire information systems that suit with the needs, objectives and goals of the companies. The SDLC process involve various phases and activities, e.g. system planning, systems analysis, system evaluation and selection, system design, system implementation, system conversion, system maintenance and system support. The main objective of the course is to equipt accountants with sufficient knowledge and familiarity about the SDLC process. This knowledge will enable them to be active in each phases of SDLC and successfully play their roles in providing sufficient information and inputs to other participants in the SDLC process. Credit: 3

Financial Accounting and Reporting 5

Code: SHAC 3203 Synopsis: This course is designed to further enhance the students’ understanding of the concepts and issues in accounting theory and practices. The course involves the study of the practical and theoretical issues involved in the development, implementation and changes in conceptual framework and regulatory framework. Based on the context of specific standards such as are revenue, IFRS for SMEs, the standard setting process is evaluated. Students are exposed through comprehensive cases involving use of professional judgment and making estimates in terms of fair-value measurements and disclosures regarding accounting policy changes and estimates. Credit: 3

Business Ethics and Corporate Governance

Code: SHAC 4083 Synopsis: The course provides an understanding of the underlying ethical theories and philosophies, and values in individual, organisational, professional and societal setting. The focus will be on the practical development of skills needed to deal with ethical issues so as to be able to conduct oneself ethically at all time. The application of these ethical principles is best discussed within the framework of good practice of corporate governance. Credit: 3

Integrated Case Study

Code: SHAC 4033 Synopsis: This is a capstone Student Centred Learning (SCL) course for the Bachelor of Accounting program, which integrates knowledge from financial accounting, management accounting, taxation, audit, finance, management and business related knowledge, information technology and other social science courses. Experiential exercises are embedded in this course to support learners’ efforts in independent learning. Credit: 3

(12 Credits)

Accounting

Public Sector Accounting

Code: SHAC 3223 Synopsis: This course is designed to expose students to concepts and practices of accounting in public sector together with the underlying legal provisions, rules and procedures. The coverage of the course includes environment of public sector accounting and control, budgeting, financial accounting and reporting, performance measurement and auditing. Emphasis will be given to the Malaysian public sector. In addition, this course highlights the current developments in public sector accounting. Credit: 3

Accounting for Islamic Financial Transactions

Code: SHAC 3233 Synopsis: This course introduces the Maqqasid Sharia and how this impacts Islamic commercial contracts, the economic system and the accounting framework for Islamic banking and finance. The course is designed to provide students with the introductory knowledge of Fiqh on property (maal), rights (huquq), ownership (milkiyah), and contract (‘aqd). Additionally, issues pertaining to usury, gharar, maysir and prohibited properties will be discussed. Students will also be introduced to the basics of accounting for Islamic banks and financial institutions. Credit: 3

Internal Audit

Code: SHAC 3243 Synopsis: This is an elective course for the bachelor of accounting programme in order to equip graduates with the ability to understand the importance of internal audit within the context of strong governance environment and to provide basic internal audit skills if they choose internal audit as a career option. The syllabus then covers a range of areas relating to the roles of internal auditor in relation to risk management, internal control and corporate governance in an organisation. Finally, the contemporary issues related to internal auditing will also be discussed in this course. Credit: 3

Cases in Management Accounting

Code: SHAC 3253 Synopsis: This course is introduced to improve the usefulness of management accounting in decision making by providing practical cases based on actual situation, and which concern the latest issues of management accounting. The cases are almost focused on cost behaviour, product and service costing, objective performance through variance, planning and budgeting, profitability analysis and performance by incentive systems. Each case provides a practical scenario covering diverse aspects of each of the topic areas; in addition numerous sub-cases, together with practical implications, are included. Some of the cases include large amount of data and require the use of statistical packages (SPSS etc). Generics skills assessed in this course are teamwork, communication skills, scholarship and thinking skills. Credit: 3

Accounting for Specialised Industries

Code: SHAC 4103 Synopsis: This course is designed to provide an understanding of accounting concepts and process that are applied to selected specialized industries in Malaysia. This course includes theory and firm’s field practices with regard to specialized industries such as agriculture, property development, construction, mining etc. This course also focuses on the service industries such as legal firms, stock brokers firms, general insurance, and unit of trust. Credit: 3

Advanced Taxation

Code: SHAC 4113 Synopsis: This course covers advanced taxation topics in three main parts. The first part introduces the tax computation of various taxpayers namely taxation for the deceased, trust body and investment holding companies and other industries. The second part discusses in depth on tax audit and investigation, followed by the application of various tax planning strategies to reduce tax payable, the final part discusses the emerging issues related to tax including budget updates and REITs. Students will learn how to calculate particular sectors’ tax payable and use various methods of tax planning. Students should also aware recent changes to taxation matters in Malaysia. Credit: 3

Non-Accounting (Business Management)

International Business and Globalisation

Code: SHAD 2083 Synopsis: This course introduces students to the issues in international business and globalization. Among the topics covered are international trade and investment, international financial market, and management of international operations. Credit: 3

Principles of Marketing

Code: SHAC 1093 Synopsis: This course is designed to expose students to the theories and practices of marketing. It also assists students to develop effective marketing strategies and marketing programmes. This course focuses on four major elements which encompass understanding the marketing management process, development of marketing strategy, marketing mix, and management of marketing at society and global levels. Credit: 3

Global Marketing

Code: SHAF 3073 Synopsis: This course presents various concepts and tools for analysing global marketing and evaluating marketplace (competitors, external environment: cultural, economic, technological, political/legal and marketing opportunities). Specifically, the course is useful in developing, evaluating and implementing global marketing strategies at corporate, regional and local levels. It also exposes students to the practical global marketing knowledge to face global competition and global managerial skills. Credit: 3

Financing and Investment Decision in Technology Venture

Code: SHAD 3033 Synopsis: This course discusses the methods used to evaluate structure and finance new business venture and revenue generating business. It covers the finance of technological innovation and valuation tools used in the evaluation of technology venture. Credit: 3

Technology Entrepreneurship and New Venture Creation

Code: SHAD 3063 Synopsis: This course introduces the basic concepts of technology entrepreneurship as well as the process of creating new technology-based ventures. Specifically, the coverage includes Malaysian economic and legal environment implications on technology entrepreneurship, technology entrepreneurship idea generation techniques and models, process and procedures in setting up technology-based ventures, planning and arranging for resources to set up new ventures, and financing options for new technology ventures. Credit: 3

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CAREER PROSPECTS

Graduates of the programme may work as accountants, auditors, finance officers, tax officers, tax consultants, entrepreneurs, business/entrepreneur consultants, insurance advisor/consultants, company secretaries, bank officers, risk managers, chief executive officers, etc.

CROSS CAMPUS PROGRAMME

Students are given the opportunity to register for courses in participating local and international universities. The grades and credits gained can be transferred for purposes of graduation.

ACCREDITATION

MQA, ACCA and ICAEW Accreditation To ensure the quality of our program is maintained, the Bachelor of Accounting program has obtained full accreditation from Malaysian Qualifications Agency (MQA) in 2015. The program has also been recognized by The Association of Chartered Certified Accountants (ACCA) with maximum exemptions and the Institute of Chartered Accountants in England and Wales (ICAEW) (with 7-paper exemptions). MIA Accreditation The Malaysian Institute of Accountants (MIA) Council has suspended the accreditation exercise of universities’ accounting degrees for the purpose of inclusion into Part 1, First Schedule of the Accountants Act 1967. The accreditation process was put on hold following the MIA Annual General Meeting (AGM) resolution in 2013 to give room for a review of accounting programs nationally. This has led to the UTM Bachelor of Accounting program missing the opportunity to be accredited by MIA. However, the freeze has been lifted in 2020 which enables us to finally re-submit the application for MIA accreditation. We are currently implementing recommendations for improvements by the MIA Accreditation Panel to meet the accreditation criteria. The accreditation exercise is expected to complete in 2022. MICPA Accreditation Application for accreditation has also been submitted to the Malaysian Institute of Certified Public Accountants (MICPA). We are currently working for the third stage of the accreditation exercise – the on-site visit. The accreditation exercise is expected to complete in 2022. OTHER INITIATIVES Furthermore, to pave the way for our graduates to be professionally qualified and to acquire more competencies, collaborations with external parties have been made. Among the initiatives are: ACCA Accelerate+ Program – where the students on the program accredited by ACCA will be able to register with ACCA before they complete their Bachelor of Accounting. ACCA will support students of Accelerate accredited program who will have exceptional financial conditions, free initial registration fee, free annual subscription fee up to two years after graduation (inclusive of graduation year), deferred exemption fee payment (up to 24 months after graduation). ACCA will also support students by organizing information events, meetings with ACCA members, and promoting the ACCA qualification at the university. Strategic partnerships with Big Four Firms and medium-sized firms as well as multi-national companies – as a result, we received overwhelmed responses and many of our graduates are recruited and employed by these firms. Strong and constant support from these firms provide us funding opportunities which benefit our programs in various kind of activities. Engagement with industry – in both academic and research related matters to cater their expectations as well as to ensure that our curriculum and research is relevant and impactful.