As part of the Deanship of Graduate Studies' commitment at Al-Israa University to offering distinguished, high-quality academic programs that help bridge the gap between theory and practice, the Master's Program in Accounting and Finance has been established to develop the knowledge, skills, and professional competencies of university graduates. Delivered by a distinguished team of highly qualified and experienced academics, the program is designed to meet the needs of the labor market while keeping pace with developments in the fields of accounting and finance. Furthermore, the program seeks to prepare qualified professionals capable of contributing effectively to economic and financial development and participating in building the future of Palestinian society.
Study Plan
Year one
24 credit hours: first 12, second 12.
Major Requirement
Elective Requirement
First semester
12 hours
Course
Code
Hours
Prerequisite
Details
ACCF6309
3
None
No description has been added for this course yet.
Type
Elective Requirement
When
Year one, First semester
Prerequisite
None
ACCF6308
3
None
This course analyses and discusses scientific research methods in accounting and finance, covering quantitative and qualitative research methods and their design mechanisms, as well as the circumstances in which measurement instruments are used. It develops students’ proficiency in the principles of questionnaire design and in collecting the information required for the graduation project, including its research tools and plan. It also addresses the use of this information in presenting and analysing previous studies related to the research problem. In addition, the course introduces the basic statistical methods used to analyse and measure the relationships between research variables, leading to the formulation of a sound theoretical framework. It then examines the interpretation and analysis of empirical findings in accordance with the dimensions of the research problem and its objectives. Consequently, the course equips students with scientific research skills and methods and develops their ability to apply them in addressing various administrative problems.
Type
Major Requirement
When
Year one, First semester
Prerequisite
None
ACCF6305
3
None
This course examines and analyses the general framework of finance and the determinants of choosing among its various sources. It covers short-term and long-term sources of finance, the advantages of equity and bonds, and the risks associated with each, in addition to financing through retained earnings, including their advantages and disadvantages, and the cost of long-term loans.
The course also addresses the nature of Islamic finance, with a focus on the accounting and auditing standards for Islamic financial institutions in light of Islamic financing modes and their applications.
Type
Major Requirement
When
Year one, First semester
Prerequisite
None
ACCF6301
3
None
This course covers the following topics: traditional and contemporary management accounting terms and concepts and the extent to which these concepts are related to cost accounting; the extent of progress in the process of allocating indirect costs and its effects on the decision-making process; the advantages of applying the Activity-Based Costing (ABC) approach and Time-Driven Activity-Based Costing (TDABC); the advantages, assumptions, and requirements for applying the Resource Consumption Accounting (RCA) approach; and the Balanced Scorecard (BSC) and its role in evaluating the performance of economic units.
The course also covers the following topics: the treatment of the allocation of relative importance within the Balanced Scorecard; the conceptual framework of the Theory of Constraints and its significant implications for the allocation of economic resources; the accounting model for measuring productivity; transfer pricing between internal divisions; and control over cost elements.
Type
Major Requirement
When
Year one, First semester
Prerequisite
None
Second semester
12 hours
Course
Code
Hours
Prerequisite
Details
ACCF6303
3
None
This course introduces the bodies and organisations responsible for issuing these standards and the objectives behind their development. It also covers the following topics: the conceptual framework for the preparation and presentation of financial statements; standards relating to the presentation of financial statements; the standard on inventories; the standard on cash flow statements; the standard on accounting policies, changes in accounting estimates and errors; and the standard on events after the reporting period.
The course also covers the following topics: construction contracts, income taxes, leases, revenue recognition, the effects of changes in foreign exchange rates, consolidated and separate financial statements, and financial instruments.
It is worth noting that the course covers the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS). It also focuses on practical examples that explain the theoretical aspects of these standards and enhance students’ understanding of their application.
Type
Major Requirement
When
Year one, Second semester
Prerequisite
None
ACCF6304
3
None
This course addresses the concepts of investment and finance and their long-term sources, and introduces the following topics: the basic concepts of investment, its objectives, principles, and the extent of the need for it; investment instruments and returns, and capital market efficiency; fundamental and technical analysis of investment; investment portfolios; the relationship between risk and return in investment planning; securitisation as an investment activity; and the extent to which investment is permissible under the Islamic economic system.
The course also addresses the concept of finance, its forms, and the basic characteristics of the financing structure; general sources of finance in comparison with Islamic sources of finance; the financing role of various economic policies; financing systems and policies; economic surplus and its relationship to income and consumption; the nature of debt financing; and concepts related to the sources of government finance.
Type
Major Requirement
When
Year one, Second semester
Prerequisite
None
ACCF6310
3
None
No description has been added for this course yet.
Type
Elective Requirement
When
Year one, Second semester
Prerequisite
None
ACCF6302
3
None
This course discusses financial issues related to the performance of business organisations, cost and return, financial statement analysis, and the preparation of operating budgets. It also covers the analysis of cost systems and the use of advanced costing tools in making sound financial decisions.
In addition, the course includes strategic financial analysis and financial policies, and examines how these tools can be used to maximise the benefits derived from the organisation’s resources and invest them appropriately to ensure its progress and achieve financial balance, thereby enhancing its stability and sustainability.
Type
Major Requirement
When
Year one, Second semester
Prerequisite
None
1
Year two
12 credit hours: first 6, second 6.
First semester
6 hours
Course
Code
Hours
Prerequisite
Details
ACCF6306
3
None
This course involves analysing macroeconomic models, calculating gross domestic product (GDP) and gross national product (GNP), and identifying their various indicators. It also examines the variables affecting economic activity, such as expenditure and investment, and the changes affecting consumer behaviour. In addition, it addresses investment in the foreign trade sector and the effects of changes on national income and its trends. The course also examines the general price level and the role of money and banks in financing economic activity.
Type
Major Requirement
When
Year two, First semester
Prerequisite
None
ACCF6307
3
None
This course introduces the concept, objectives, and principles of financial engineering instruments. It also examines the concept and applications of financial derivatives and their characteristics, including the nature of contracts and the characteristics of forward contracts, futures contracts, options contracts, and swaps.
The course further addresses the concept of financial crises, their causes, and their various implications for the economy, as well as their relationship with financial derivatives contracts. In addition, the course examines Sharia-compliant alternatives to conventional financial engineering instruments.
Type
Major Requirement
When
Year two, First semester
Prerequisite
None
Second semester
6 hours
Course
Code
Hours
Prerequisite
Details
ACCF6640
6
None
No description has been added for this course yet.
Type
Major Requirement
When
Year two, Second semester
Prerequisite
None
2
Appendix
Course Guidance
Every course in the program by requirement type. Each band is as wide as the type's share of the program's hours.
Course
Code
Hours
When
Prerequisite
Details
ACCF6308
3
Year one, First semester
None
This course analyses and discusses scientific research methods in accounting and finance, covering quantitative and qualitative research methods and their design mechanisms, as well as the circumstances in which measurement instruments are used. It develops students’ proficiency in the principles of questionnaire design and in collecting the information required for the graduation project, including its research tools and plan. It also addresses the use of this information in presenting and analysing previous studies related to the research problem. In addition, the course introduces the basic statistical methods used to analyse and measure the relationships between research variables, leading to the formulation of a sound theoretical framework. It then examines the interpretation and analysis of empirical findings in accordance with the dimensions of the research problem and its objectives. Consequently, the course equips students with scientific research skills and methods and develops their ability to apply them in addressing various administrative problems.
Type
Major Requirement
When
Year one, First semester
Prerequisite
None
ACCF6305
3
Year one, First semester
None
This course examines and analyses the general framework of finance and the determinants of choosing among its various sources. It covers short-term and long-term sources of finance, the advantages of equity and bonds, and the risks associated with each, in addition to financing through retained earnings, including their advantages and disadvantages, and the cost of long-term loans.
The course also addresses the nature of Islamic finance, with a focus on the accounting and auditing standards for Islamic financial institutions in light of Islamic financing modes and their applications.
Type
Major Requirement
When
Year one, First semester
Prerequisite
None
ACCF6301
3
Year one, First semester
None
This course covers the following topics: traditional and contemporary management accounting terms and concepts and the extent to which these concepts are related to cost accounting; the extent of progress in the process of allocating indirect costs and its effects on the decision-making process; the advantages of applying the Activity-Based Costing (ABC) approach and Time-Driven Activity-Based Costing (TDABC); the advantages, assumptions, and requirements for applying the Resource Consumption Accounting (RCA) approach; and the Balanced Scorecard (BSC) and its role in evaluating the performance of economic units.
The course also covers the following topics: the treatment of the allocation of relative importance within the Balanced Scorecard; the conceptual framework of the Theory of Constraints and its significant implications for the allocation of economic resources; the accounting model for measuring productivity; transfer pricing between internal divisions; and control over cost elements.
Type
Major Requirement
When
Year one, First semester
Prerequisite
None
ACCF6303
3
Year one, Second semester
None
This course introduces the bodies and organisations responsible for issuing these standards and the objectives behind their development. It also covers the following topics: the conceptual framework for the preparation and presentation of financial statements; standards relating to the presentation of financial statements; the standard on inventories; the standard on cash flow statements; the standard on accounting policies, changes in accounting estimates and errors; and the standard on events after the reporting period.
The course also covers the following topics: construction contracts, income taxes, leases, revenue recognition, the effects of changes in foreign exchange rates, consolidated and separate financial statements, and financial instruments.
It is worth noting that the course covers the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS). It also focuses on practical examples that explain the theoretical aspects of these standards and enhance students’ understanding of their application.
Type
Major Requirement
When
Year one, Second semester
Prerequisite
None
ACCF6304
3
Year one, Second semester
None
This course addresses the concepts of investment and finance and their long-term sources, and introduces the following topics: the basic concepts of investment, its objectives, principles, and the extent of the need for it; investment instruments and returns, and capital market efficiency; fundamental and technical analysis of investment; investment portfolios; the relationship between risk and return in investment planning; securitisation as an investment activity; and the extent to which investment is permissible under the Islamic economic system.
The course also addresses the concept of finance, its forms, and the basic characteristics of the financing structure; general sources of finance in comparison with Islamic sources of finance; the financing role of various economic policies; financing systems and policies; economic surplus and its relationship to income and consumption; the nature of debt financing; and concepts related to the sources of government finance.
Type
Major Requirement
When
Year one, Second semester
Prerequisite
None
ACCF6302
3
Year one, Second semester
None
This course discusses financial issues related to the performance of business organisations, cost and return, financial statement analysis, and the preparation of operating budgets. It also covers the analysis of cost systems and the use of advanced costing tools in making sound financial decisions.
In addition, the course includes strategic financial analysis and financial policies, and examines how these tools can be used to maximise the benefits derived from the organisation’s resources and invest them appropriately to ensure its progress and achieve financial balance, thereby enhancing its stability and sustainability.
Type
Major Requirement
When
Year one, Second semester
Prerequisite
None
ACCF6306
3
Year two, First semester
None
This course involves analysing macroeconomic models, calculating gross domestic product (GDP) and gross national product (GNP), and identifying their various indicators. It also examines the variables affecting economic activity, such as expenditure and investment, and the changes affecting consumer behaviour. In addition, it addresses investment in the foreign trade sector and the effects of changes on national income and its trends. The course also examines the general price level and the role of money and banks in financing economic activity.
Type
Major Requirement
When
Year two, First semester
Prerequisite
None
ACCF6307
3
Year two, First semester
None
This course introduces the concept, objectives, and principles of financial engineering instruments. It also examines the concept and applications of financial derivatives and their characteristics, including the nature of contracts and the characteristics of forward contracts, futures contracts, options contracts, and swaps.
The course further addresses the concept of financial crises, their causes, and their various implications for the economy, as well as their relationship with financial derivatives contracts. In addition, the course examines Sharia-compliant alternatives to conventional financial engineering instruments.
Type
Major Requirement
When
Year two, First semester
Prerequisite
None
ACCF6640
6
Year two, Second semester
None
No description has been added for this course yet.
Type
Major Requirement
When
Year two, Second semester
Prerequisite
None
Course
Code
Hours
When
Prerequisite
Details
ACCF6309
3
Year one, First semester
None
No description has been added for this course yet.
Type
Elective Requirement
When
Year one, First semester
Prerequisite
None
ACCF6310
3
Year one, Second semester
None
No description has been added for this course yet.