Accounting and Accountancy at MSU

When and where accounting began

The tenth day of November became the International Accounting Day to mark this date in 1494 when the very first record of double entry book-keeping that laid the foundation for business accounting was published. This was the ‘Summa de Arithmetica, Geometria, Proportioni et Proportionalita’, which translates to 'Everything About Arithmetic, Geometry and Proportion; by Italian mathematician Luca Bartolomeo de Paciolo, who described the use of journals as well as ledgers and highlighted the importance of balancing debit with credit.

The first official celebration of Accounting Day was held in 1972, with the aim of sparking interest in young people to take up accounting as a career. Some believe the original organizer to be the Institute of Management Accountants, whose event, formerly called 'Accounting Career Day', intended to give exposure to the multi-facets of an accounting career. In 1976, the event was renamed 'Accounting Day', with activities that continue to promote the accounting profession through job opportunities offered across public, industry, and government practices, as well as continuing education in accounting.

Awesome reasons to be an accountant today

With the continued rise of e-business, job opportunities, too, continue to increase for the accounting graduate. Big data means there is demand for accounting professionals who can mine and interpret it. Companies continuously strive for growth while complying with business mandates, and specializations across accounting, audit, financial analysis, compliance and business systems continue to proliferate.

Accounting and accountancy at MSU

Accounting is offered at Management and Science University (MSU) as programmes of Bachelor in Accountancy (Honours) and Diploma in Accounting, by the Department of Accounting and Finance (DAF) at MSU’s Faculty of Business Management and Professional Studies (FBMP). Other programmes offered at the DAF include Finance, Accounting and Finance, and Takaful at degree level; as well as Islamic Finance, Islamic Banking, and Investment Management, as Diploma and also Bachelor programmes.