Ms Josephine Mallia
acc-econ.jc@um.edu.mt
Room D215
Lectures: 5 hours per week
Tutorials: 1 hour per week
Lectures: 3 hours per week
Accounting is a dynamic subject which has acquired a significant importance due to its practical implications for all organisations, whether profit-making or not. This is because all organisations have to deal with recording transactions, preparation of financial statements, budgeting and decision-making. The subject is closely linked to work practices and is an asset for anyone who wants to make a career in business. Nonetheless, accounting also provides a baggage of skills and knowledge which is essential for any individual to function autonomously in a scenario where personal financial needs and decisions are growing and becoming more complex.
Students may study accounting at Junior College either at advanced or intermediate level. A Sec pass in accounting is recommended to study the subject at both levels.
The advanced level course focuses on Financial Accounting and Cost and Management Accounting (CMA). Financial Accounting builds upon the SEC syllabus and focuses on the preparation of financial statements for different organisations in compliance with international accounting standards and regulations. By comparison, CMA assists in cost analysis and ascertainment, decision-making, planning and control.
Career opportunities for accounting students are plentiful as this is a growing and dynamic profession attracting graduates to work in areas such as finance, taxation, advisory, audit and assurance. This course also provides learners with financial literacy skills which assists individuals with personal and organisational financial needs and decisions.
Advanced level students are provided with five hours of lecturing and a one-hour tutorial per week. We also provide personal contact hours as needed.
The intermediate level course also focuses on two principal areas: Financial Accounting and Cost and Management Accounting. When studying Financial Accounting, the focus is on how to record transactions and prepare financial statements for various users. Cost and Management Accounting topics provide the tools to assist management with planning and decision-making.
Learning accounting at intermediate level is useful for students seeking to specialise in numerous professions; such as lawyers, managers, bankers, entrepreneurs and many others. This course also provides learners with basic financial literacy skills which assist individuals with day-to-day financial decisions and needs, irrespective of their career path.
Intermediate level accounting students are provided with three hours of lecturing per week, complimented by contact hours as needed.
