About the Department

Samara University was established in 2007. It is one of the second generations higher institutions recently established and working towards the implementation of the government’s strategy of expanding quality of higher education in the Ethiopia. The university is located in  Afar Regional State, in Semera city which is a capital city of Afar region and it is around 580 Km North east of Addis Ababa.

The college of Business & Economics is established in 2008 comprising the department of Accounting and Finance, Economics, and Management, as a faculty. The college showed enormous growth in student population over the years in regular and extension programs as the fields were new to Semera and surrounding the profession were highly needed by the market. Despite so many challenges like poor office facilities, small learning opportunities for the staff and the like, the college contributed its fair share to the teaching of qualified professionals in business and economics. Now the College runs undergraduate programs in Accounting & Finance, Management, Marketing and Economics fields. Besides the College is running  postgraduate programs in masters of Business administration. The Accounting & Finance department was an outgrowth of the need to train qualified accountants and finance officers for many employer categories. It started in 2008 when the faculty of business & economics took off and trained enormous individuals in the regular and extension programs since then.

Mission

The department of Accounting & Finance is dedicated to providing quality education on various fields of Accounting and finance, which incorporate finance, Business issues and conduction problem solving research and community service and there by producing qualified competent and ethical graduates to foster the development aspiration of the nation.

Vision

To be one of the leading departments with enormous fields of accounting and finance in pastoral and agro-pastoral community of East Africa by 2035 according to university strategic plan.

Facilities

Department Facilities

The Department of Accounting and finance offers courses in moderate classrooms that it shares with other departments of the College of Business and economics. Furthermore, the Department has a well-equipped computer laboratory for practical courses such as Peachtree software application of accounting.

Administration

The Department Head

The Department Head is selected from among the teaching staff of the department on the basis of merit and interest as soon as the college announces the vacancy for the post. The term of office of the Department Head is two years. Currently, Mr.Dagnachew Tamene is serving as Head of the Department.  

Contact Address

Email:  dagne370@gmail.com

Office Telephone:  

Mobile: +251-910-006-716

P.O. Box: 132, Semera, Ethiopia

Programs

Bachelor Programs

Program Objectives

General Objectives of the program

The program of Accounting and Finance plans to meet the University’s mission of instilling into present and future-leaders knowledge of current and future accounting, auditing and finance practices and relevant skills through student–centered high quality, viable programs which are fully recognized internationally and by both the private and public institutions in Ethiopia. Hence, the Department seeks to sustain its growth and relevance through:

· A highly educated and motivated faculty Viable programs which have local relevance and fully recognized internationally.

An International reporting and auditing standards based curriculum that meets the needs of the nation and international business.

· Relevant curriculum leading to an exceptional learning environment with full access to new technologies and computer-mediated learning

 · An abundant level of intellectual capital created through scholarly activities

· Research that meets the needs of the local and international business and academic communities; · A fully integrated international perspective

· A full understanding of employer needs obtained through constant monitoring of the business environment through linkage program

An International reporting and auditing standards based curriculum that meets the needs of the nation and international business.

· Relevant curriculum leading to an exceptional learning environment with full access to new technologies and computer-mediated learning

· An abundant level of intellectual capital created through scholarly activities

· Research that meets the needs of the local and international business and academic communities; · A fully integrated international perspective

· A full understanding of employer needs obtained through constant

monitoring of the business environment through linkage program

Specific Objectives of the program

The program of Accounting and Finance has the following specific objectives:

· To produce graduates in its regular degree program to satisfy a portion of the demand for accounting and finance graduates.

· To enhance the relevance and timeliness of instruction, as well as the technical competency of the staff, by conducting applied research and developing innovative educational materials and techniques.

· To provide students with sufficient academic, technical, logical, analytical, and professional base from which to pursue a career in accounting and finance and to advance to further study and a potential academic career in accounting and finance

· To be a major provider of consultancy services to the public

· To establish linkage programs with different stakeholders from which the program will be able to tap resources and share experiences

Graduate Profile and Professional Profile

Graduate Profile

Upon graduate from the program, the graduate from BA degree in Accounting and Finance should have accounting and finance knowledge and understanding that enable them to:

· Account transactions and events, and prepare financial statements as per International Financial Reporting Standards (IFRS);

Analyze and interpret IFRS-based financial statements;

· Audit financial statements and the underlying accounting systems, controls and records, and express an independent professional opinion about them as per International Standards for Auditing (ISA);

· Identify, measure, gather, analyze, interpret and communicate cost and other types of information to management for planning, control, performance measurement, and decision making related to pricing, operating, investing, and financing activities;

 · Identify and anticipate control risks both in manual and computerized accounting systems, and to suggest and establish better controls to safeguard business resources from risk exposures of illegal acts;

 · Analyze and design accounting information systems, and use computer applications in business transaction cycles;

· Develop the specific skills, modes of analysis and institutional background useful to work in finance areas for profitmaking businesses or not-for-profit organizations;

 · Start and run their own business;

· Account transactions and events, and prepare financial statements for not-for-profit organizations as per International Public Sector Accounting Standards (IPSAS)

· Manage financial resource and risk exposures of business firms, manage financial institutions, analyze investment opportunities and execute professional services in investment institutions, brokerage & dealer firms and in investment banks;

· Conduct accounting and finance related research and to form linkage with various accounting and finance oriented and research based institutions both locally and abroad.

· Work clerical activities like, keeping general accounts, records and reports; payroll processing and billings.

· Prepare tax return and perform tax plan

· Internalize an appreciation for the role of ethics in both the profession and the business world.

· Be prepared for graduate studies, professional certification and advanced trainings in accounting, auditing, finance, and management

Professional Profile

With additional training and work experience, the graduates of the program can pursue careers and render professional services in the areas of accounting and finance in various forms of organizations ranging from private, governmental and non-profit entities. After successful compilation of the three years undergraduate program of accounting and finance, students will be able to be:-

Accounting clerks: Keeping general accounts, records and reports; payroll processing and billings; Perform cost and managerial accounting and control, data generation and supervisions; Disbursement voucher process and control; and bank reconciliation and banking activities;

· Cost analysts: keep accounts of product costing and provide other relevant cost information

· Auditor both internal and external: Work as an assistance auditor (both internal and external ); Pre-audit inspection and investigation; Operational audit, partial financial audit, cash audit, compliance audit, branch audit, interim reports audit, advance clearance;

· Tax specialists- prepare tax return, work as internal revenue agents and tax administrator.

· Information system designer and manipulator-Generating information which is of financial and non-financial in nature necessary for management; and analyzing, designing and installing accounting systems (manual or computerized).

· Financial management –running revenue and expenditure management capital investment decisions; risk and insurance management and budgeting

· Financial analyst: financial planner, investment advisor, project coordinator; rendering financial consultancy services.

Admission Requirements

 Anyone who wishes to join the BA program is required to meet the entry requirements of higher institutions stated by Ministry of Science and Higher Education and Each University.

Graduation Requirements

To graduate from the program the student should take all courses offered in the program, a total of 248 ECTS and earn a Cumulative Grade Point Average (CGPA) of 2.00 or better by the end of the program, and earn no ‘F’ grade in any course. The student is also required to have a cumulative grade-point average of at least 2.00 in all major courses by the end the program.