ACT 1600         Fundamentals of Financial Accounting (3 Credits)

The course is designed to introduce the fundamentals of accounting to develop understanding of the basic accounting conceptual framework underlying business transactions, understanding definition, purpose, usefulness, limitation of accounting information as well as preparing financial statements and to determine the most appropriate financial measures for those events. A study of accounting principle by using double entry system and complete accounting cycle: journalizing both general and special journals, adjusting and closing; posting to ledger; preparing trial balance, work sheet, preparing financial statements. Emphasis is placed on accounting practices for service firms and merchandising firm: accounting for cash, petty cash, receivable, payable, payroll, investment, notes receivable, inventory, noncurrent asset, natural resources, intangible asset, liability, owner’s equity; principle and method of voucher system.


ACT 2620         Fundamentals of Managerial Accounting (3 Credits)

The course is examined from the perspective of students preparing to use management accounting information as managers. It introduces the evolving role that managerial accounting has played and is expected to play in servicing the informational needs of managers in the planning, organizing and controlling functions. Done through a study of systematic structuring of business decisions and identifying the information relevant to a decision. To train students to think systematically about improving existing systems to further an organization’s competitive advantage. Prerequisite: ACT 1600 Fundamentals of Financial Accounting


ACT 3602         Intermediate Accounting I (3credits)

A detailed study of accounting conceptual framework, accounting principles, practices and problems of accounting for assets: definition, classification, measurements, valuation, impairment of assets, presentation and disclosure of assets in balance sheet. It’s scope include accounting for cash, marketable securities, notes receivable, accounts receivable, merchandise inventory, investments, tangible and intangible assets, natural resources, and different methods of depreciation and the difference between capital and revenue expenditure. Prerequisite: ACT 1600 Fundamentals of Financial Accounting


ACT 3603         Intermediate Accounting II (3 Credits)

A detailed study of accounting principles and practices in accounting for short term liabilities, long term liabilities and owner’s equity: definition, classification, measurements, valuation, presentation and disclosure on financial statements. Accounting for Partnership: organization, operation, dissolution, liquidation, financial statements preparation and presentation. Accounting for Corporation: organization, issuance of stock, increase and decrease of capital, additional paid-in capital, earnings per share, retained earnings, appropriate retained earnings, liquidation, and financial statements preparation and presentation. Prerequisite: ACT 1600 Fundamentals of Financial Accounting


ACT 3606         Public Sector and Fund Accounting   (3 Credits)

System and procedure of governmental and state enterprise accounting, national budget system, government’s financial management, national budget, financial funds, governmental and fund accounting systems, controlling function of the National Audit Council and the Comptroller General Department, national financial statements, accounting of municipalities and other government agencies, state enterprise accounting, fund accounting of foundations, and educational institutions. Prerequisite: ACT 1600 Fundamentals of Financial Accounting


ACT 3608         Financial Report and Financial Statement Analysis (3 Credits)

Reading and interpreting financial statements, analyzing, criticizing departmental financial matters, stockholders’ equity, investment, capital expansion, and division of profit, analysis and interpretation of financial statements, techniques employed in financial statement analysis, presentation of reports to stockholders and interested public, the principles employed in analyzing assets from the viewpoint of investment, profitability and other factors that affect price of securities, forecasting and analysis of security market environment, and critical problem solving. Prerequisites: ACT 2620 Fundamentals of Managerial Accounting AND FIN 3701 Corporate Finance


ACT 3614         Taxation I (3 Credits)

Factors relating to taxes paid by individuals and business enterprises: principles and features of taxation according to Revenue Codes; methods of various tax liability appraisal and collection such as personal income tax, corporate tax, business tax, custom, excise tax, duties and stamps, and other kinds of taxes involved in business. Prerequisite: BG 1401 Business Law II


ACT 3615         Taxation II (3 Credits)

Types of business firms that must prepare accounting in compliance with law and regulations of Revenue Codes including the comparative study of preparing accounting based on Generally Accepted Accounting Principles and based on Revenue Codes, principles for determining income tax for both personal and corporate income taxes, withholding tax, value added tax, special business tax, custom, excise tax, duties and stamps, accounting principles for taxable revenue and expense, including valuation of assets and liabilities, and depreciation in calculation of taxable income and practical problems related to tax accounting. Prerequisites: ACT 1600 Fundamentals of Financial Accounting AND ACT 3614 Taxation I


ACT 3621         Budgeting and Planning (3 Credits)

The process in preparing budgets for managerial planning and control: procedures for various types of budgets such as cash budgeting, capital budgeting, sales budgets, production budgets, interrelationship among budgets, cost-volume-profit analysis and other related topics. Prerequisite: ACT 2620 Fundamentals of Managerial Accounting


ACT 3622         Cost Accounting (3 Credits)

This course is designed to enable students to understand cost concepts, cost terms, definition, important and usefulness of cost accounting information for planning, and controlling under certain and uncertain circumstance, cost accumulation, techniques in cost analysis, preparing production cost reports, accounting procedures for raw materials, labor and overhead costs as well as various cost accounting approaches: job-order accounting, process costing, point-product and by product costs, cost control by means of standard costs; analysis of variances; preparing production cost reports; cost volume profit relationship; variable costing system; budgeting and planning; pricing and transfer price; and activity base costing. Prerequisite: ACT 2620 Fundamentals of Managerial Accounting


ACT 3623         Cost Management (3 Credits)                                                                       

A study of using cost accounting information for managerial planning and production control, including the use of such information for product pricing. Detailed attention to variable cost, fixed cost, mixed cost, direct costing, absorption costing; analysis of costs for decision-making; capital expenditure planning; rate of returns; manufacturing expenses control; measurement and control of various work units. Prerequisite: ACT 3622 Cost Accounting


ACT 3624         Real Estate Accounting (3 Credits)                                                   

Accumulation and selection of data; recording analysis, and preparation in report format to conform to real estate laws and other pertinent laws of Thailand for investors, investment firms, housing projects, speculators, real estate agencies, condominium cooperatives, real estate developers and financial institution real estate portfolios. At discretion of the instructor, coverage may include various expense allocation systems, analysis of variances against projected expenditures, including use of the case method. Prerequisite: ACT 3622 Cost Accounting I


ACT 3625         Hospital Accounting (3 Credits)                                                        

This course is designed for students interested in specializing in accumulating, recording, interpreting accounting data and preparation of reports on various hospital procedures (including medical service functions and institutions such as polyclinics and nursing homes) both for the public and private sectors of hospitals. The course includes studying rules and regulations governing the accounting of health services in Thailand. Prerequisite: ACT 3622 Cost Accounting I


ACT 3626         Hotel Accounting (3 Credits)

This course offers specialization for students interested in entering this vital sector of Thailand’s economy. Accumulation of data and preparation of reports on the performance of various hotel functions: room rentals; food and beverage, including indoor, banquet and outdoor catering; entertainment, laundry and other services; foreign exchange; arcade rental income and other franchise income such as limousine rentals, parking, exhibition stalls, sauna and health clubs, massage parlors, sports centers, etc. Included also will be control systems, periodical performance appraisals and analysis of variances for corrective action. Prerequisite: ACT 1600 Fundamentals of Financial Accounting


ACT 3629         Profit Planning and Control (3 Credits)

Process in preparing budgets for managerial planning and control:  procedures for various types of budgets such as cash budgeting, capital budgeting, sales budgets, production budgets, interrelationship among budgets, cost-volume-profit analysis and other related topics. Prerequisite: ACT 2620 Fundamentals of Managerial Accounting


ACT 3643         Auditing (3 Credits)

Auditing conceptual framework, standards, law and professional acts, roles and responsibilities of external auditors, accepting auditing jobs, professional ethics and accountability, audit planning, fraud and errors in auditing process, auditing reports and procedures: assets, liabilities, owners’ equity, revenue and expenses, internal control, risk assessments, risk control as well as audit decision making and evidence accumulation, preparation of working paper, auditor’s report, and guidelines on auditing by computer. Prerequisite: ACT 3602 Intermediate Accounting I OR ACT 3603 Intermediate Accounting II


ACT 3644         Internal Control and Audit (3 Credits)

Performance of an internal audit in terms of an independent appraisal function which serves to examine and evaluate the adequacy and effectiveness of an organization’s system on internal control and its overall quality of performance, furnishing top management with analysis, appraisals, recommendations, counsel, and information concerning the activities audited, internal auditing process, internal auditing skills, management control and information technology, and audit environment. Prerequisite: ACT 3602 Intermediate Accounting I OR ACT 3603 Intermediate Accounting II


ACT 4605         International Accounting (3 Credits)

Accumulation and recording of accounting data for business firms with multinational presence, including analysis and reporting of these by function, products, product lines and by country/location for proper presentation of operational results to top management, and update of International Financial Reporting Standard – IFRS, interpretation of IFRS and accounting applied in Asian countries. Prerequisites: ACT 1600 Fundamentals of Financial Accounting AND ACT2620 Fundamentals of Managerial Accounting


ACT 4607         Advanced Accounting I (3 Credits)

An advanced course covering specific accounting procedures: joint venture, consignment, installment sale, hire purchase, leasing, real estate, construction contract, funds accounting, not for profits organization, insurance, home office and branch accounting for both domestic and foreign countries. Accounting procedures regarding currency exchange, correction of errors, and preparation of financial statements from incomplete records. Prerequisites: ACT 3602 Intermediate Accounting I AND ACT 3603 Intermediate Accounting II


ACT 4608         Advanced Accounting II (3 Credits)

A study of accounting for business combination, investment in associated and subsidiary companies, preparation of consolidated financial statements, statement of realization and liquidation. In addition, the scope will encompass the accounting for statement of affairs, receiverships, accounting for foreign currency translation, accounting for trouble debt restructuring, preparation statement of change in stockholders’ equity, comprehensive income statements, statement of cash flows, and consolidated statement of cash flows. Prerequisites: ACT 3602 Intermediate Accounting I AND ACT 3603 Intermediate Accounting II


ACT4609          Accounting Theory (3 Credits)

Evolution, structure, and concept of accounting, emphasis on comprehensive theories with reference to design of holistic accounting systems, definitions and nature of the accounting and accounting theories, theory verification, accounting history, alternative accounting theories and the role of theories in financial accounting and standard setting in assets, liabilities, owner’s equity, revenues including information disclosure in financial statements preparation. Prerequisites: ACT 3602 Intermediate Accounting I AND ACT 3603 Intermediate Accounting II


ACT 4611         Seminar in Accounting (3 Credits)

Discussion and analysis of using accounting conceptual framework and standards as  guidelines for practice, contemporary, new, current, interesting accounting issues, updating new accounting standards, rules, regulations related to generally accepted accounting principles in both international and national levels, concepts and principles of code of conduct, code of best practice, and code of accounting professional ethics, practical problems in field of financial accounting, managerial accounting and related field, using case study, academic paper, article, and field research. Prerequisite: ACT 4607 Advanced Accounting I


ACT 4612         Independent Study (3 Credits)

This course aims to develop in students the ability to apply a theoretical concept to the real problems of any organization in a selected industry in Thailand. A specific area of concentration will be chosen by students upon consultation with an instructor selected from the faculty of the Accounting Department. A written report must be submitted. Prerequisite: Senior standing (Accounting Major)


ACT 4624         Seminar in Management Accounting (3 Credits)

A study of problems concerning the relationship, understanding, and cooperation from other work units involved in data collection and analysis for the purpose of designing a cost accounting system, as well as a study of problems arising from the application of cost accounting concepts to various work systems. Prerequisite: ACT 3623 Cost Management


ACT 4641         Problems in Auditing  (3 Credits)

Practices and problems in auditing, use of accounting principles in auditing financial statements, patterns for different types of industries, and statements of certified public accountant institutes that often raise important problems for accountants to consider, using case study analysis in teaching and learning. Prerequisite: ACT 3643 Auditing


ACT 4643         Seminar in Auditing (3 Credits)

A review of auditing problems, principles and practices in auditing accounts; legal aspects in auditing, and other related topics including the current issues relating to auditing. Prerequisite: ACT 4642 Auditing II


ACT 4647         Accounting Software Package (3 Credits)

A study on the utilization of computer software applications in accounting, including the systems of receivables, payable, payroll, inventory and labor cost. The course will also study the process of using software applications from the designing of the chart of accounts, entering data, as well as the construction of financial and management reports available for the needs of management for decision-making. Prerequisite: BIS 2180 Information Technology AND ACT 4646 Accounting Information System


ACT 4648         EDP Auditing (3 Credits)

Professional auditing work in terms of examining and analyzing computerized financial and non-financial operations in an enterprise to ensure the integrity and reliability of the computerized systems, understanding and appreciation of fundamental concepts of EDP audit, computer audit tools and techniques used in EDP audit, importance of control and audit of mini- and micro-computer systems, EDP controls, and concurrent auditing techniques. Prerequisites: ACT 3643 Auditing AND BIS 2180 Information Technology


ACT 4649 Accounting Internship (3 Credits - 135 Hours)

Accounting field work practice in organization of at least 135 hours, providing opportunity to students to gain knowledge and skills from the real-world of Accounting profession, application of accounting theory and concept, enhancing competencies in analyzing, synthesizing and problem solving in accounting profession under the actual situation. Prerequisites: Senior standing (Accounting Major) AND Completion of at least 100 credits


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