This module introduces accounting for service business entities. It will appraise theoretical developments in financial accounting and reporting for service businesses and examine accounting in social and political contexts. Over 16 weeks, topics will include the conceptual framework for service businesses, regulatory frameworks, performance analysis, corporate governance, accounting for professional services, insurance, non-profits, and differences between profit and non-profit organizations. Students will be assessed through midterm and final exams, and coursework. Learning outcomes include evaluating accounting techniques for service businesses and understanding applicable standards.

1. Islamic University of Gaza
Faculty of Commerce
Department of Accounting
Accounting for Service Business Entities ACTE 4311
Module Leader:
Mohammed Alshurafa - MSc, BA
Finance Officer-Al Fakhoora Programme
mshurafa@eaa.org.qa
This module will introduce the appraisal of the broader aspects of financial accounting
and reporting for service business entities. Rather than examining technical aspects of
reporting, the module will appraise the theoretical developments in the topic and place
financial accounting and reporting in a social and political context so that students can
appreciate the implications of accounting practice in service businesses.
Students should have a thorough understanding of financial accounting and practice in
the context of current theoretical developments in the following areas of study:
Week Details
Week 1
The need for conceptual framework and characteristics of useful
information in service business entities
Week 2 Explain why regulatory framework is needed in service sector
Week 3 Describe the IASB's standard-setting process
Week 4 Performance analysis is service business entities
Week 5
Describe, calculate and interpret financial performance indicators in
service businesses
Week 6
Analyse past performance and suggest ways for improving financial and
non-financial performance
Week 7
Discuss the objectives, relevance and importance if corporate governance
un service businesses
Week 8 Principles of internal control in service business entities
Week 9 Computer applications of internal control in service businesses
Week 10 Accounting for professional service entities
Week 11 The role of human resources in professional service entities
Week 12 Accounting for insurance entities
Week 13 Accounting for specialised, not-for-profit and public sector entities
Week 14 Describe International Public Sector Accounting Standards
Week 15 Accounting for NGOs
Week 16 Difference between profit and not-for-profit organisations

2. Assessment Components
Mid-Term Exam - Weighting 30%.
Final Exam - Weighting 60%.
Course Work - Weighting 10%.
Learning Outcomes:
 To evaluate contemporary financial accounting techniques and practices in service
business entities;
 To critically analyse the significance and value of financial accounting in in service
business entities;
 To identify the main management areas of a successful professional services
entities;
 .To understand the applicable accounting practices in insurance companies;
 To become familiar with International Public Sector Accounting Standards
(IPSAS);
 Demonstrate an ability to undertake effective research into topical issues;
 A capacity for independent and self-managed learning;
 Analytical skills for critical evaluation and critical appraisal; and
 Communication skills.
References:
 Association of Chartered Certified Accountant (ACCA Approved Study Text):
 F5 Performance Management (International)
 F7 Financial Reporting (International)
 F8 Auditing and Assurance (International)
 Baschab, J. and Piot, J. (2005) “The professional services firm bible” John Wiley & Sons
Inc.
 Daka, A.M. (2009) The NGOs Efficiency in Using Donations: The Case of PNGOs in the
Gaza Strip, Masters Dissertation, Islamic University of Gaza, Palestine.
 Dhanani, A. & Connolly, C. (2012), "Discharging not-for-profit Dhanani, A. & Connolly, C.
(2012), "Discharging not-for-profit accountability: UK charities and public discourse",
Accounting, Auditing & Accountability Journal, vol. 25, no. 7, pp. 1140-1169.
 Farra, M. and Shahin, S. (2009) The Internal and Administrative Control in NGOs in the
Gaza Strip, Islamic University Journal, Vol. 17, No. 2, pp 571-596.
 Horton, J. and Macve, R. (1996) “Accounting for insurance” University of Bristol and LSE,
OECD Seminar on Accounting Reform In the Baltic Rim
 Martin G. J. and Michael M. C. (2004) “Hospitality Management Accounting” 8th Edition,
John Wiley and Sons, Inc.
 Songco, D.A., Nijem, K. and Farra, M. (2006) Proposed Strategy for the Development of
the Palestinian NGO Sector, NGO Development Centre, pp 12-65.
 Spiro, P. J. (2002). Accounting for NGOs. Chicago Journal of International Law, 3(1), 161-
169.
 Unerman, J, & O'Dwyer, B 2010, 'Ngo Accountability and Sustainability Issues in the
Changing Global Environment', Public Management Review, 12, 4, pp. 475-486, Business
Source Complete, EBSCOhost, viewed 19 September 2014.