Financial Accounting and Auditing

The Financial Accounting and Auditing department is one of the important academic departments of the college of Commerce at University of Sulaimani. The department firstly opened under the name of Accounting department in 1997 and continued until it changed to Financial Accounting and Auditing in 2015. The first class graduated in 2000-2001; there are 18 graduated classes of Accounting degree up to 2017 academic year. The department was used to accept students who successfully completed any branch of high school. However, the department is only accepting students from the scientific branch of high school through the Central Admission System.
Since the academic year 2015–2016, the education in college of Commerce has shifted from evening class to morning class, due to this factor the name of the department has changed to Financial Accounting and Auditing Department from previously so-called Accounting department. The department is unique in the whole Kurdistan Region since the graduates are specialized in the field of financial accounting and auditing. This department does not exist in any other universities in the region. Other universities, rather, have a department of Accounting. Duration of study is 4 academic years through 8 semesters under the Bologna process. Students who successfully complete the requirements of this department obtain degrees in scientific fields Financial Accounting and Auditing.

To be the foremost hub of excellence in Financial Accounting and Auditing, producing adept graduates poised for real-world application in both public and private sectors. We aspire to pioneer innovative approaches in curriculum design, ensuring our programs remain abreast of contemporary market demands, thereby facilitating abundant career opportunities for our graduates. Through the implementation of cutting-edge teaching methodologies and comprehensive training initiatives, we endeavor to equip our students with the requisite skills and knowledge to excel in the dynamic landscape of financial accounting and auditing.

 

Training of experts and competent cadres in the field of accounting and auditing through the provision of modern curricula, practical training and conducting scientific research, in a way that is compatible with today’s labor market in the Kurdistan Region.

1. Graduates will be able to demonstrate knowledge of various advanced accounting issues related to Financial Accounting within a global and or ethical framework.
2. Graduates will recognize and be able to prepare commonly used financial statements, their components and how information from business transactions flows into these statements.
3. Graduates will be able to demonstrate progressive learning of auditing and be ready to highly contribute in this career.

Bologna Process.

The Department employ a variety of study methods to ensure comprehensive learning and skill development among its students, including:

 

Lectures: Traditional classroom lectures to impart theoretical knowledge and concepts.

Case Studies: Analyzing real-life financial scenarios and audit cases to apply theoretical knowledge in practical situations, fostering critical thinking and problem-solving skills.

Group Discussions: Encouraging collaborative learning through group discussions where students can share insights, exchange ideas, and debate different perspectives on financial accounting and auditing topics.

Internships: Facilitating internships with reputable financial firms, accounting agencies, or audit firms to expose students to real-world work environments and gain practical experience.

Simulations: Using simulation exercises or software programs to replicate accounting and auditing processes, allowing students to practice skills in a controlled setting.

Research Projects: Assigning research projects to delve deeper into specific financial accounting or auditing topics, encouraging independent inquiry and academic exploration.

Online Resources: Leveraging online platforms to supplement classroom learning, provide additional study materials, and facilitate self-paced learning.

Field Trips: Organizing visits to financial institutions, corporate offices, or regulatory agencies to provide firsthand exposure to the practical applications of financial accounting and auditing principles in different organizational contexts.

English, Arabic and Kurdish

The duration of study at the Financial Accounting and Auditing Department is 4 academic years (8 semesters) full-time study.