Bachelor of Accounting

The Bachelor of Accounting is an 8 semester course; and is one of the newly introduced courses offered by the School.

Admission Requirements

  1. Successfully Completed Form 6 or Form 7 with a minimum GPA of 3.00 and a minimum grade(s) of ‘B’ in relevant areas of studies or
  2. Completed a Level 6 Diploma of Business Finance & Accounting
  3. Successfully Completed USP Foundation Course with a Minimum GPA of 2.50 and a Minimum Grade of ‘B’ in the Units Relevant to the Areas of Studies.

Course Structure

Course Code: FBAC
Course Name: Bachelor of Accounting
Duration: 4 years
Core Units: 32 Units
Total Credit Points: 480
Campus: Kukum

Unit CodeUnit TitlePrerequisiteSemester OfferedCredit Points
AC511Introductory Financial Accounting Inil115
This unit covers basic accounting principles, accounting terms, regulatory environment, double entry accounting principles, accounting process, accounting cycle and preparation of financial statements for sole proprietorships. It also includes bank reconciliation and accounting for petty cash.
BU521Business Mathematicsnil115
This unit covers calculation of percentages, algebraic applications, ratios and proportions, simple interest, compound interest, annuities, depreciation and graphing.
BU511Principles of Economicsnil115
This unit covers selected topics from microeconomics and macroeconomics; nature of economics, basic economic problems, different types of economies, production processes, demand and supply, determination of market price, elasticity of demand and supply, monetary system, inflation, unemployment, circular flow of income, aggregate demand , national income, role of government, public finance, monetary and fiscal policies, international trade, understanding Solomon Islands economy.
BU531Business Communicationnil115
This unit covers a wide range of communication principles, techniques to be applied in the class and after the University career. They include: introduction to business communication, business documents, communication technologies, communication via social media, oral communication.
ACC512Introductory Financial Accounting IIAC511215
This unit covers specific areas of basic accounting such as subsidiary ledgers and control accounts, accounting for property, plant and equipment, accounting for inventory movements, accounting for provision for doubtful debts, bank reconciliation statement, accounting for petty cash and payroll accounting to provide required knowledge and skills to proceed to next level.
BU522Business StatisticsBU521215
This unit covers the nature of descriptive statistics, collection of data, visual presentation of data, measures of central tendency, measures of dispersion, index numbers, probability, correlation and regression, normal distribution and time series.
BU541Computer Applicationsnil215
This unit covers application of MS Word, Excel and PowerPoint to enable them to use computers effectively and independently and also learn advanced applications.
BU551Business Practices in Solomon Islandsnil215
The topics for this unit are; foundation to Business and practices, business and its environment, classification of Business activities, Government and business activities, private sectors business organizations, public sector business organizations, business supporting services, understanding internal and external trade and entrepreneurship and small business.
ACC613Intermediate Financial Accounting IACC512315
This unit provides deeper knowledge in accounting for leases, company share issues, issue of debentures, redemption of debentures and preference shares, preparation of company financial statements, statement of cash flows and accounting for partnership formation, operation and dissolution and analysis and interpretation of financial statements.
ACC615Accounting Information SystemBU541315
This unit presents the essential components of accounting information systems. The topics include: introduction to accounting information systems, enterprise system, documenting accounting Information systems, controlling information systems/enterprise risk management, database management systems, database design using REA Data Model, IT audit and accounting on the Internet, business process, accounting information system development strategies.
BU661Principles of ManagementBU551315
This unit covers, introduction to management, evolution of management, management and its environment, planning function, organizing function, groups and committees in organizations, human resource management, leading and controlling functions.
BL611Business Lawnil315
The Business law unit covers the topics; nature and purpose of law, contract law, sale of goods law, insurance law, hire purchase law, law of agency and negotiable instruments.
ACC614Intermediate Financial Accounting IIACC613415
This unit is designed and developed to provide deeper knowledge in accounting for accounting for joint ventures, extractive industries, construction contracts and biological assets with special reference to relevant International Financial Reporting Standards. Knowledge and skills in these areas are vital for handling accounting in industries such as joint ventures, mining, contraction companies and plantations.
ACC616Computerized Accouting (MYOB)ACC615415
This unit provides hands-on -knowledge and skills needed to implement on integrated and use a fully integrated accounting software package. Topics include: introduction to Make Your Own Business (MYOB) software, system development life cycle, analysis and design of accounting information systems, and principles of accounting software selection.
BU672Quantitative Techniques for BusinessBU521415
This unit covers wide range of topics on commonly used quantitative techniques in business decision making. They include; probability and decision making, decision theory, decision trees, regression analysis, multiple regression and correlation analysis, inventory control, network analysis and discount cash flow techniques.
BU671Ethics & Corporate Governancenil415
This unit provides theoretical and real world knowledge in ethical businesses practices to enable them to practice the same when they join the workforce. The topics included are: introduction to ethics, introduction to business ethics, ethical theories and business practice, ethics of work and management, factors that affect ethical behavior in workplace, social responsibility of business, corporations and consumers, corporations and society, role of Government and Civil Society organisations, corporate governance.
ACC721Framework for Accouting & Reporting IACC614515
This unit covers types of users of accounting information and their information needs the fundamental accounting concepts, capital maintenance, Economic income, historical cost accounting, current entry value accounting, current exit value accounting, deprival value and general inflation, fundamental accounting concepts, accounting theories and Companies Act and publication of financial statements.
ACC731Cost & Management Accounting IACC614515
This unit is designed and developed to provide basic understanding of fundamental cost concepts, methods and techniques. It covers cost concepts, determination and accounting for material, labor and overheads, job, process, joint and by- product costing techniques, service costing, variable and absorption costing techniques and cost-volume-profit analysis (CVP).
BL712Company LawBL611515
This unit covers a wide range of topics in company law. They include; business names legislation, law relating to incorporation, shares, operations, directors, shareholders, distributions, amalgamation, and receivership ad liquidations.
This unit covers basic taxation principles, personal income tax, salaries and wages tax, tax of individuals in business, company tax and Goods and Services Tax (GST).
ACC722Intermediate Financial Accounting IIACC721615
This course covers elements of general purpose of accounting, Recognition and measurement of financial statements, the institutional framework of setting accounting standards, International accounting standards and harmonization, legal framework of accounting, social responsibility accounting, and ethics in accounting.
ACC732Cost & Management Accounting IIACC731615
This unit is designed and developed to provide the candidates with the knowledge required to perform management accounting tasks. It deals with budgeting, standard costing and variance analysis, capital expenditure decisions, Economic order quantity (EOQ), and Just-In-Time (JIT) technique.
ACC751Accounting Research ProjectACC721 & ACC731 & BL712 & ACC717615
In the Bachelor of Accounting (BA) course, students are given the opportunity to develop an individualized self-directed research project, under the guidance of a full-time continuing instructor in the School and receive credit for the project. Typically, students choose a project that expands on a topic not fully covered in a BA unit or develop a project that compliments a BA unit. Approval is granted for one project which must be completed and submitted to the instructor for a grade no within a given period of time or on a specific due date.
ACC718Auditing & AssuranceACC721615
This unit provides understanding of the skills necessary to undertake basic audit and assurance procedures or work of an investigative nature. Topics include: professional ethics and independence, audit evidence, accepting audit engagement and planning audit, Audit testing, completing the audit, reporting on audited financial reports, internal audits and public sector audits.
ACC723Advanced Accounting Practice & Reporting IACC721715
This unit provides deeper and broader understanding of accounting and reporting in insurance companies, banks and financial institutions and determination, recording and reporting deferred tax, accounting for business combinations and accounting for company liquidations.
ACC719Government AccountingACC721715
This unit provides understanding of various aspects of government accounting. The specific topics included in the unit are; introduction to government accounting, the regulatory framework for public sector accounting, the public sector accounting standards, the constitutional and financial responsibilities of principal government officers, source of Government revenue, Public expenditure, Payment procedure, reporting and records, management and control of public funds and expenditure, procumbent procedure, compilation of financial reports and schedules, budgeting procedure, public sector auditing and contemporary issues in public sector accounting.
ACC741Corporate Financial Management IACC721 & ACC731715
Corporate Financial Management I covers an overview of financial management, financial markets, institutions, and interest rates, financial statement analysis, time value of money and DCF techniques, risk and rates of return, bond and share valuation, working capital policy, and marketable securities management.
ACC752Forensic Accounting & Fraud InvestigationsACC718715
This unit covers a wide range of topics to provide comprehensive knowledge in forensic accounting and fraud investigation. These unit include; introduction to forensic accounting, fraud in society, fundamental principles of financial analysis, role of accounting profession, business victims, business villains, investigation process and undertaking investigations.
ACC724Advanced Accounting Practice & Reporting IIACC723815
This unit provides deeper and broader understanding of accounting and reporting in insurance companies, banks and financial institutions and determination, recording and reporting deferred tax, accounting for business combinations and accounting for company liquidations.
ACC742Corporate Financial Management IIACC741815
Corporate Financial Management II covers topics such as; credit management, short-term financing, the cost of capital, capital structure and leverage, dividend policy, ordinary shares financing and investment banking process, hybrid financing, debt - equity financing.
ACC753Special topics in AccountingACC723, ACC719, ACC741 & ACC752815
The topics for this unit are; accounting theories, problems and criticisms of the conceptual framework, issues in reporting, corporate governance, corporate social responsibility reporting and accounting and ethics in accounting. This list of topics is a guideline only. Teaching is not limited to these topics. The lecturer has the freedom to include new accounting issues as and when they emerge.
AC781PracticumACC723, ACC719, ACC741, ACC752815
This unit has no formal course work, assignments, tests and exams. It allows students to earn course credits while gaining real world experience via internship in both private and public sector institutions. It is a structured practicum program which covers a minimum of 200 hours. Placements, assessment procedure, monitoring etc. are provided in the Handbook of Practicum issued to the students.