Bachelor of Business (Accounting)

The purpose of the business programs is to equip the students with the necessary knowledge and skills to become competent professionals in business and government. All units of the program emphasize ethical standards. Graduates are eligible to sit for the PNG Institute of Accountants (PNGIA) examinations to gain further professional recognition. Graduates of Business Studies programs have established a good reputation for competency and professionalism within the accountancy profession.

Program Code: BBS (Accountancy)

Program Description

The Bachelor of Business (Accountancy) is a four- year full time program which specializes in professional accounting training. This program offers two years of specific professional training to young men and women for a career in Accounting. The aim is to produce graduates who can provide financial information to decision-makers. Throughout the accountancy programs, the students continue to acquire in-depth knowledge and skills in processing accounting data in order to provide financial information to business managers or government departments. Students are also prepared to take the PNGIA professional examinations after graduation.

Credit Points Required

Achievement of 320 credit points

Duration of Study

Four years - Eight Semesters

Study Mode and Location

Program offered fulltime at the DWU Madang Campus


Applicants to the degree program are required to have completed 4 years of secondary school or equivalent from a recognised institution. A minimum grade of “B” in English, a grade “C” in Mathematics A, as well as “B’s” in all other subjects are required at the Grade 12 level of secondary schooling. Applicants need to fill-in the Divine Word University application forms specific to their status as School Leaver or Non-School Leaver and pay the necessary fee/s. School Leavers are required to indicate Divine Word University as their first choice.


Program Units

Year One

BS115 Management Principles
BS116 Business Communications
BS118 Principles of Economics
BS124 Accounting Foundations 1
BS125 Accounting Foundations 2
BS126 Business Statistics
RS234 Christian Ethics
IS117 Computing and Word Processing


Year Two

BS120 Business Law
BS211 Financial Accounting A
BS212 Principles of Marketing
BS215 Financial Accounting B
BS217 Taxation 1
BS230 Management Accounting
IS113 Spreadsheet Management
IS115 Database Management


Year Three

BS314 Taxation 2
BS317 Human Resource Management
BS323 Strategic Management Accounting
BS324 Fundamentals of Financial Management
BS325 Accounting Theory and Applications
BS326 Business Research 1
BS327 Financial Risk Management
BS328 Company Law

Year Four

BS419 Business Information Management
BS426 Corporate Finance
BS427 Auditing and Assurance 1
BS428 Auditing and Assurance 2
BS429 Business Research 2 Elective
BS430 Comtemporary Accounting Issues


Program Units Descriptions

Year 1


BS115 Management Principles - 10 Credit Points

This unit examines organizations and their activities from a number of perspectives. The role of the organization viewed from the perspectives of the society to which it is accountable, and the economy within which it operates, is examined. It provides knowledge on the principles and practices of management and the roles of manager in an organization. It evolves around the functions of managers. It also addresses additional areas relevant to the unit as well as developing skills that will be valuable in student’s career.


BS116 Business Communications - 10 Credit Points

Managers need a highly developed understanding of interpersonal and corporate communication skills in oral and written forms. This unit forms the foundation unit of students’ studies in Business. It is designed to provide understanding of the theory and practice of inter-personal communication skills, including verbal and non-verbal behavior, assertion, empathetic listening, interaction management, interpersonal communication and problem-solving. It also explores the different forms of communication within the business context to assist aspiring business professionals with communication decision - making.


BS118 Principles of Economics - 10 Credit Points

By introducing students to a small number of core economic concepts and tools, and by demonstrating their wide ranging application, BS118 provides them with the opportunity to improve decision making in all domains of their lives and better understand aspects of the business and policy environments in which they operate both individually and collectively. It also highlights the use of key economic concepts that can assist people in their role as managers to form successful competitive strategies and to run more profitable firms.


BS124 Accounting Foundations 1 - 10 Credit Points

Accounting is an information system designed to enable the preparation of financial statements that will provide relevant information for the making of economic decisions. This unit will focus on accounting information systems for non-incorporated businesses. Students should understand accounting fundamentals including the users of accounting information; assumptions and principles underlying accounting; the meaning of the terms asset, liability, owner’s equity, revenue and expense; the accounting systems for unincorporated single and multiple owner businesses.


BS125 Accounting Foundations 2 - 10 Credit Points

This unit continues the study commenced in Accounting Foundations 1. It emphasizes skill development and extends applications and analysis undertaken in the preceding unit. It examines transactions and events in more complex settings and deals with assets, liabilities, and different business structures. Principles, concepts and policies underpinning accounting action are elaborated.


BS126 Business Statistics - 10 Credit Points

This unit provides students with an understanding of basic statistical concepts and techniques used in handling the tools necessary for general statistical knowledge, inference, decision-making and familiarization with statistical software. It would develop the essential analytical skills necessary for decision making within a business environment. It also allows students to better analyze and understand business related data; and the use of Excel to generate output that can be analyzed.


RS234 Christian Ethics - 10 Credit Points

Ethics is a systematic, critical study concerned with the evaluation of human conduct to help male decisions about the future. It is concerned about what is right, fair, just or good; about what we ought to do, not just what is the case or what is most acceptable or expedient. Christian ethics is the critical evaluation of human conduct from a Christian perspective. In this course, students will explore the understanding, sources and importance of ethics in everybody’s personal and professional life.


IS117 Computing and Word Processing - 10 Credit Points

Technology, computers and the Internet, are indispensable tools in almost all kind of activities in professional and private life. End-User Computing and Word unit provides students with necessary knowledge and skills to function confidently and efficiently in computer-based environment. The unit familiarizes students with the Windows environment, file management and Internet skills. Since the word processing is the most fundamental application, the unit also provides comprehensive introduction to the basics of document formatting using word-processing.


Year 2


BS120 Business Law - 10 Credit Points

This unit provides students the knowledge and understanding of the PNG law and PNG business law as well as the legal requirements for the formation and operation of various entities carrying on business activities in PNG.


BS211 Financial Accounting A - 10 Credit Points

This unit provides students with a set of inter-related concepts defining the nature, purpose and broad contents of financial reporting. It focuses on the development and communication of financial information for external users primarily through general-purpose financial statements. It also considers the design and implementation of accounting information systems as a data model for resource allocation and management of an organization. It includes consideration of current trends in information management and the changing regulatory requirements.


BS212 Principles of Marketing - 10 Credit Points

Effective marketing is not about learning a series of facts, but comes from systematic critical thinking and reasoned application of underlying principles in a dynamic marketplace. This unit provides the principles, interpretation and analytical frameworks and challenges students to use them to make better marketing decisions. As such, it establishes a foundation for subsequent in-depth marketing units and provides an understanding of the application and role of marketing within the broader business environment.


BS215 Financial Accounting B - 10 Credit Points

This unit is the continuation of BS 211. It focuses on the financial accounting sequence of investing, common accounting disclosures of a business and the other dimensions of corporate financial accounting and reporting. Accounting issues along corporate governance, consolidation of accounting issues in accordance with International Financial Reporting System (IFRS) on corporate reporting are also explored.


BS217 Taxation 1 - 10 Credit Points

The unit is introduces the students to income tax laws and regulations that apply to Papua New Guinea. The unit also prepares the students for professional accounting examinations. The unit will focus on introduction to income tax laws for individuals, resident and non-resident, companies and other business and allowable deductions to businesses.


BS230 Management Accounting - 10 Credit Points

This unit examines how cost information is generated and used within organizations. To this end, a number of different costing and budgeting techniques are explained and demonstrated. It deals also with understanding the mechanics of each technique. It is important that students can recognize which technique is most appropriate for particular situations. The unit provides a solid introduction to management and cost accounting as a standalone unit, or provides a conceptual basis for further study in other programs.


IS113 Spreadsheet Management - 10 Credit Points

Electronic spreadsheets now replace hand-written financial record keeping and calculating in the small or home office environment. As well, the typical “what-if” analysis feature of spreadsheets facilitates decision-making. Skills in spreadsheets management are, therefore, essential for those entering the business world. With a commonly used software application this skills-based unit explains the fundamental principles and practical skills required to produce accurate calculations in worksheets with a professional appearance.


IS115 Database Management - 10 Credit Points

Database systems are foundational examples of Information Systems. They are used in all office environments where data on such items as staff, clients and stock need to be recorded and retrieved. This unit introduces database management with a commonly used relational database management system where data is organized in a logical and orderly way using fields and records in creating tables. Tables are organized and linked and then queried to search and manipulate records. There is focus also on activities with business applications such as personnel, inventory, and financial record management.


Year 3


BS314 Taxation 2 - 10 Credit Points

This unit is a continuation of BS217. Students are trained further to assist and represent clients before government agencies in relation to business and company tax matters. The unit focuses on tax laws of PNG pertaining allowable deductions to business such as tax treatment of business expenses, depreciation, specific tax incentives for industry, taxation for nonresidents and overseas income, tax administration taxation of resource projects.


BS317 Human Resource Management - 10 Credit Points

This unit introduces students to the basic elements of human resource management (HRM) as a method of organizing the workplace. They would critically assess the relationship between strategy and the core HRM approaches to the quality of working life. They will locate HR strategies within their organizational, business, demographic, economic, legislative and industrial contexts. At all times it focuses about maximizing the synergies between the employees and the employer without forgetting organizational goals’ achievement.


BS323 Strategic Management Accounting - 10 Credit Points

Strategic management accounting practices are applied across a broad range of organizational settings. BS323’s focuses on the for-profit private sector, but its practices’ relevance also applies to not-for-profit and public sectors. It uses organization’s financial information for planning and control. Students gain a deeper understanding of management accountant’s role and contribution to strategic planning within the organization. It concentrates the interfaces between financial and business performance on adding value to the business than financial control.


BS324 Fundamentals of Financial Management - 10 Credit Points

This unit introduces the core concepts of finance and the tools of financial decision making in the context of PNG and international environments. Concepts include time value of money, risk and return and capital structures. The unit is to develop an understanding of the basic practices of finance management from the standpoint of the firm. It also develops the students’ practical skills in the identification and analysis of financial problems.


BS325 Accounting Theory and Applications - 10 Credit Points

This unit addresses the advanced aspects of accounting with particular emphasis on accounting theories and how they assist us in understanding current accounting practice and accounting standards. It focuses on the relationship between the theoretical concepts and current policies and practices. Knowledge of historical and contemporary issues also gives students an opportunity to understand the rationale for the existence of current accounting policies and practices, and the directions in which accounting policies may develop.


BS326 Business Research 1 - 10 Credit Points

This unit aims to prepare students to undertake a small research project in business and management. The theoretical component of this unit introduces the philosophies and approaches underpinning qualitative and quantitative types of research, and familiarizes students with elements of research project leading to the development research proposal. The practical component of the unit develops skills for defining research problem, critical reading and writing literature review and developing data collection instruments.


BS327 Financial Risk Management - 10 Credit Points

The course discusses the risk management framework for financial institutions under the Basel II accord and the transition to the Basel III accord. In particular, the course covers credit, market, interest rate in the balance sheet and operational risks. Students are taught to calculate regulatory and economic capital and to calculate the capital requirements for the institution as a whole. It aims to give an overview of the risks faced by financial institutions and how they can be managed.


BS328 Company Law - 10 Credit Points

The unit introduces the student to background and development of Company Law and its application under the PNG setting. It provides the student with a sound knowledge of the basic principles and laws governing formation, organization, constitution and management of companies. Likewise, this unit is designed to enable students to further understand the operations of companies by exposing them to the various methods of addressing problems, and requires student’s familiarization of the liquidation of companies.


Year 4


BS419 Business Information Management - 10 Credit Points

This unit underscores the methodological importance of accurate, relevant, timely and complete data for effective and “evidence-based” decision making for business and industry. The unit will train the students how to support decisions with the right information at the right time and using technology to collect process and disseminate information to improve delivery of products and services to customers.


BS426 Corporate Finance - 10 Credit Points

The unit’s objective is to explore the theory and application of corporate finance issues at an advanced level, and to equip students with the required depth of knowledge and skill expected of a professional. It revises basic financial concepts, valuation techniques and topics covered in earlier finance courses. This prepares the students to learn more complicated theoretical issues and analytical techniques, and enable them to apply their knowledge to a real life corporate finance project.


BS427 Auditing and Assurance 1 - 10 Credit Points

This unit provides students with profound knowledge and skill on evaluating objectively evidences to form an opinion pertaining to the assertions’ validity of financial reports prepared by a company. It focuses on GAAP; GAAS and audit procedures’ applications to train students formulate independent auditor’s report that conforms to the standards of the accounting professions. It also hones students become future internal auditors of PNG’s private or government agencies and/or as external practicing auditors.


BS428 Auditing and Assurance 2 - 10 Credit Points

Auditing and Assurance Services 2 deal more on auditing transactions and balances and completing the audit as programmed. It further develops the knowledge and enhances the skills of the students on assurance services (attest functions - financial audit, management audit and compliance audit); the application of auditing standards for public and non-public companies, deepening the students’ ability to audit the various accounts along Assets, Liabilities, Capital, Expenses and Income accounts.


BS429 Business Research 2 Elective - 10 Credit Points

The aim of this unit is to equip students with knowledge and skills necessary to complete a sound research project planned for and initiated in BS326. After the collection of the data during their fieldwork, students are introduced to techniques of qualitative and quantitative data recording, reduction and analysis, and to research reporting.


BS430 Comtemporary Accounting Issues - 10 Credit Points

This unit provides a study of contemporary issues in financial and management accounting, logic and theory development, perspectives on accounting regulation, and public sector accounting. It concentrates on critical analyses of extant and alternative accounting systems. BS420 focuses on a broad range of resources, which incorporate accounting standards and literature from PNG and other jurisdictions. The unifying theme throughout the segment is measurement.