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Bachelor’s Degree in Accounting & Finance (BSAF)

College of Business & Finance

The Bachelor’s Degree in Accounting and Finance (BSAF) has been designed to provide students with an undergraduate qualification, preparing them for a career in accountancy or finance.

The aim of this programme is mainly to increase the employability skills of students and graduating trained professionals ready for the market.

It offers in-depth knowledge in both accounting and finance through different means such as lectures, projects, field trips, practical training, internships, case studies, industry speakers, seminars, and various financial and accounting software.

The programme helps students to gain knowledge in the field of financial accounting, bookkeeping, auditing, managerial accounting, international accounting, financial management, investment and portfolio management, and international finance.

Programme Facts

  • Department/Center: Department of Accounting Finance and Banking.
  • Title of Final Award: Bachelor’s Degree in Accounting and Finance.
  • Awarded Level (NQF): 8.
  • Modes of Attendance offered: Full time

Programme Aims

  • To equip students with in-depth knowledge and multi-perspectives on sustainable accounting and finance.
  • To provide student with competence to practically apply professional standards related to accounting and finance
  • To develop student’s innovation and leadership potential through a variety of soft skills such as communication, teamwork and global citizenship.
  • To develop awareness and appreciation for social and ethical responsibilities at the societal and global levels.
  • To equip students with creative and innovative skills to adapt lifelong learning and research.

Employability

We make sure that our graduates are ready to work in the very competitive business market in Bahrain. Due to the strong reputation of our university and its academic programs, our graduates usually start working shortly after graduation. According to our records, our graduates were found to work in the following positions:

  • Auditors
  • Accountants
  • Supervisors / Managers
  • University Lecturers
  • Bankers
  • HR Officers
  • Telecommunication Officers
  • Business Owners

Our graduates also develop entrepreneurial skills, and they are encouraged to start up their own businesses.

Programme Learning Outcomes

A. Knowledge and Understanding

A1. Concepts and Theories
Demonstrate critical knowledge and understanding of theoretical fundamentals of accounting and finance, their application to contemporary issues to derive alternative solutions.

A2. Contemporary Trends, Problems and Research
Investigate and interpret contemporary trends, major issues related to accounting and finance through the execution of defined research projects.

A.3 Professional Responsibility
Demonstrate knowledge and adherence to professional responsibilities and business practices, as a business professional, in the field of accounting and finance including International Financial Reporting Standards (IFRS).

B. Subject-Specific Skills

B1. Problem solving
Use specialist-level computational and technological skills to analyze accounting and financial data and generating output used in decision-making.

B2. Modelling and Designing
Demonstrate creativity in using accounting and financial models, empirically identify causal factors underlying, as well as to predict financial trends.

B3. Application of Methods and Tools
Apply specialist software-based information systems and statistical tools, to generate accounting and financial sustainable and reliable data used in decision-making.

C. Critical Thinking Skills

C1. Analytic Skills
Critically analyze and interpret accounting and financial information using specific accounting and finance tools.

C2. Synthetic Skills
Demonstrate insight of accounting and financial principles and theories in conjunction with professional judgment to generate conclusions in a range of relevant contexts.

C3. Creative Skills
Demonstrate creativity in identifying complex contemporary accounting and financial issues as well as the implementation of relevant solutions.

C3. Creative Skills: Demonstrate creativity in identifying complex contemporary accounting and financial issues as well as the implementation of relevant solutions.

D1. Communication skills
Use specific skills to communicate technical concepts and theories to a variety of audiences by oral, electronic and written means.

D2. Teamwork and Leadership
Operate at specialized level teamwork skills, and lead, multiple and heterogeneous teams within the framework of jointly tackling problems encountered in collaborating efficiently in a variety of professional contexts.

D3. Organizational and Developmental skills
Demonstrate organizational skills and life-long skills needed to support personal and professional development aligned with independent learning.

D4. Ethics and social responsibility
Demonstrate and appreciate ethical and social reasoning in the decision-making of corporate and governmental organizations in terms of stakeholder welfare including a comprehensive examination of the importance of sustainable development to the economy and society.

Study Plan

First Year

During the first year, students are exposed to a range of foundation level courses such as accounting,  management, IT and language oriented courses. The first academic year starts the students off with the basic required knowledge for them to initiate their journey into the field of accounting & finance.

Second Year

In the second year, the student develops further understanding of accounting and finance.

Students also learn about the principles behind macroeconomics, statistics and modern history of Bahrain. MIS and bank management are other courses taught in second year level.

At this stage, students develop their understanding from basic knowledge to the deeper level of accounting and finance.

Third Year

In the third year of a student’s academic journey, subjects include intermediate accounting, auditing, cost and accounting along with intermediate finance courses.

Further, students will learn money and banking, business law, international finance, insurance and re-insurance and ethics.

Fourth Year

During the fourth year, the student is expected to study advanced accounting, contemporary issues in accounting, research method, monetary and financial system, investment portfolio management and can choose two free electives.

Students are encouraged during their university life to get engaged in curricular and extra-curricular activities including attending guest lectures, seminars, conferences, participate in student clubs activities, local and international competitions, sports, and other social activities.

Programme Exemptions

Association of Chartered Certified Accountants

Exemptions from the following ACCA papers upon completion of the programme:

Bachelor of Accounting & Finance
Business and Technology* On completion
Management Accounting
Financial Accounting
Corporate and Business Law
Performance Management (2021 Graduates Onwards) Managerial Accounting (ACCT 301)
Intermediate Cost Accounting (ACCT 320)
Taxation (2021 Graduates Onwards) Taxation (ACCT 411)
Financial Reporting (2021 Graduates Onwards) Intermediate Accounting II (ACCT 312)
Advanced Accounting (ACCT 403)
Audit and Assurance (2021 Graduates Onwards) Auditing (ACCT 321)
Advanced Auditing (ACCT 422)
Financial Management (2021 Graduates Onwards) Financial Management I (FINC 211)
Financial Management II (FINC 312)

Chartered Institute of Management Accountants

Exemptions from the following CIMA examinations during the programme:

  • BA1 Fundamentals of Business Economics
  • BA2 Fundamentals of Management Accounting
  • BA3 Fundamentals of Financial Accounting
  • BA4 Fundamentals of Ethics, Corporate Governance and Business Law
  • E1 Organisational Management
  • P1 Management Accounting
  • F1 Financial Reporting and Taxation
  • F2 Advanced Financial Reporting

The student can sit for the Operational Case Study exam at the end of his/her 3rd year

Entry Requirements

To be eligible for consideration for admission at the undergraduate level, an applicant should normally hold a recently issued recognized secondary school certificate or its equivalent. The requirements for admission stated by the University are in all cases the minimum demanded for admission, and their fulfilment by a candidate does not automatically ensure his /her selection. Prior to enrolling at Ahlia University, citizens of non-GCC States should secure residence permits in the Kingdom of Bahrain; otherwise, their admission will be conditional and subject to being rescinded at the discretion of the University

English Language Proficiency

Applicants must demonstrate a level of English proficiency consistent with the demands of an academic programme taught and assessed almost exclusively in the English language. This can be done in one of the following ways:

  • Submission of an internationally recognized certificate of English language proficiency, e.g. Cambridge ESOL SCE or City & Guild’s Pitman Intermediate Level.
  • Attainment of an acceptable score on an internationally recognized examination of English language proficiency, typically either IELTS or TOFEL.
  • Passing the University English language placement test.

Recognized Secondary Certificates

  • Bahraini secondary School certificate (Tawjihia).
  • Secondary school certificates awarded by private secondary school in the Kingdom of Bahrain provided such certificates are endorsed by the Bahraini Ministry of Education.
  • Arab secondary school certificates awarded by Arab Ministries of Education. Where applicable, the streams of these certificates are given the same consideration as the Bahraini Tawjihia.
  • Any other certificates recognized by the Bahraini Ministry of Education as equivalent to a Tawjihia certificate.

Programme Specific Requirements

The applicants who meet the following programme specific admission requirements will be admitted to the programme:

Academic Score in the Secondary School Certificate (Tawjihia) or its Equivalent

  • Unconditional Acceptance: 60%
  • Conditional Acceptance; Passing an interview: 50%
  • Tracks Accepted: All tracks

Undergraduate Tuition & Fees

The estimated duration for completion of a Bachelors Degree at Ahlia University is 4 years. This is structured around 134 credit-hours covering 45 courses.

The duration of study for each course is fifteen weeks, covering approximately 45 study hours.

Item Fee
Application Fee BD 20
Registration Fee BD 200
Placement Tests Fee ( if applicable ) BD 40
Orientation Courses ( if applicable ) BD 1,200
100 Level Courses – 12 courses ( BD 300 Per Course ) BD 3,600
200 Level Courses – 11 courses ( BD 330 Per Course ) BD 3,630
300 Level Courses – 11 courses ( BD 360 Per Course ) BD 3,960
400 Level Courses – 11 courses ( BD 390 Per Course ) BD 4,290

Tuition Discounts

Item Discount
Orphans and people with special needs 50%
High school average of 95% or above 50%
High school average of 90% or above 25%
High school average of 80% or above 20%