Financial Accounting
Gear up for growth this summer and get ready for more than a numbers game!
This course introduces you to accounting as a discipline and the various uses of accounting information. It emphasizes the concepts and assumptions underlying data accumulation for financial reporting and the basic financial accounting principles and standards. You will cover topics including the accounting cycle, merchandising accounts, asset valuation, income measurement, and sources of finance accounts such as Liabilities and Contributed Capital. You will also end up preparing financial statements and analyzing them. If you are interested in fueling up your love for finance and accounting and want to discover what business in finance is like, this is the course for you.
Apply Now
Learning Outcomes
- Understand accounting as an information system with an emphasis on concepts and assumptions underlying data accumulation for financial reports.
- Understand the structure and function of financial statements.
- Understand the different forms of business organizations with special emphasis on the application of accounting concepts and techniques in a ‘corporation’ setting.
- Understand accounting theory and its application pertaining to the presentation of the elements of the accounting equation (assets, liabilities, equity, income, and expense accounts), with special emphasis on Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
- Understand how to analyze accounting reports for decision-making purposes.
- Understand the external and internal business environment.
- Understand how to apply quantitative methods in analyzing business situations.
- Be able to conceptualize and apply problem-solving techniques in a variety of organizational settings.
- Be able to apply skills and utilize knowledge to address real-world business situations.
- Be able to analyze, organize, and synthesize information to draw and support conclusions.
Duration and Location
- July 27 - August 14, 2025
- Sessions will run daily from 9 am to 3 pm
- AUC New Cairo campus
- Fridays and Saturdays are off
Fees
- $1,000 (price including field trips) - This amount is equivalent to half the price of a regular undergraduate course.
- 10% discount offered for siblings.
- Egyptian students can pay the equivalent amount in Egyptian pounds.
Egyptian students can pay the tuition using |
Current AUC Equivalent
This course is one of the requirements for the finance major and is a collateral or minor course in other programs.
Note: Program requirements may change by the time the student applies to AUC. If this course is no longer a requirement for the major, it will be counted as an elective course.
Course Transfer
- Upon taking this course, you will receive a certificate of completion from AUC.
- The course is equivalent to 3 credit hours. Only students who pass the course will be able to transfer these 3 credits when they enroll at AUC. In case of transferring the course to other universities, their transfer assessments will apply.
Requirements
- An English writing sample (at least 750 words): essay or reflection
- A copy of your report card for the past two years of school
- A recommendation letter from a high-school teacher within the past academic year, if available.
Transportation
The AUC bus service is available for extra fees. Details on the schedule will be shared before the program’s start date.
Accommodation
Accommodation is offered at the University Residences in case needed.
About the Instructor
Nariman Kandil
Nariman Kandil is an assistant professor in the Department of Accounting at the Onsi Sawiris School of Business, The American University in Cairo. Kandil's research interests include sustainability, corporate governance, financial accounting and other areas. Her research has been presented at prominent international conferences, including the 11th International Conference on Management Studies (ICMS 2024) in Istanbul and the second International Conference on Advancing Sustainable Futures (ICASF) at Abu Dhabi University.
AUC Refund Policy
A 100% refund of the program fees will be offered in the following cases. If reported at least three weeks before the program's start date.
- Course cancellation
- Medical withdrawal
- Visa denial