COLLEGE OF MANAGEMENT AND SOCIAL SCIENCES

Transcription

1 COLLEGE OF MANAGEMENT AND SOCIAL SCIENCES 1. DEPARTMENT OF ECONOMICS AND MANAGEMENT SCIENCES (a) Curriculum for B.Sc. Degree in Accounting 100 Level Harmattan Semester Course Code Course Title Pre-requisite Units Status ACC 101 Introduction to Accounting I MSS 101 MSS 103 Mathematics for Management and Social Sciences I Statistics for Management and Social Sciences I ECO 101 Introduction to Economics I BUS 101 Introduction to Business I BFN 101 Introduction to Finance I - 2 C CIT 111 Introduction to Information & Communication Technology - 2 R GNS 101 Use of English I - 2 R LIB 101 Use of Library - 1 R Total Level Rain Semester Course Code Course Title Pre-requisite Units Status ACC 102 Introduction to Accounting II MSS 102 MSS 104 Mathematics for Management and Social Sciences II Statistics for Management and Social Sciences II ECO 102 Introduction to Economics II BUS 102 Introduction to Business II BFN 102 Introduction to Finance II - 2 C CIT 112 Introduction to Computer Programming - 2 R 213

2 GNS 102 Use of English II - 2 R Total Level Harmattan Semester Units Status ACC 201 Financial Accounting I ACA C ACC 203 Cost Accounting I ECO 201 Principles of Microeconomics I ECO C BUS 201 Principles of Management I BUS C MSS 201 Statistical Methods and Applications I MSS C GNS 201 Nigerian People and culture - 2 R FRN 221 Basic French - 2 R Total Level Rain Semester Units Status ACC 202 Financial Accounting II ACC C ACC 204 Cost Accounting II ECO 202 Principles of Macroeconomics II ECO C BUS 202 Principles of Management II BUS C MSS 202 Statistical Methods and Applications II MSS C GNS 202 Osun People and culture - 2 R FRN 222 French for Specific Purposes - 2 R Total

3 300 Level Harmattan Semester Units Status ACC 301 Advanced Financial Accounting I ACC 303 Management Accounting I ACC 205 Business Law I ECO 319 Operations Research I MSS 101 or MSS C ACC 307 Corporate Law I ECO 307 Elements of Public Finance GNS 301 Entrepreneurial Skills Development and Practice - 2 R TOTAL Level Rain Semester Units Status ACC 302 Advanced Financial Accounting II ACC 304 Management Accounting II ECO 322 Operations Research II MSS 103 or 3 C MSS 104 ACC 308 Corporate Law II ACC 206 Business Law II ACC 312 Research Methodology in Accounting GNS 302 Introduction to Man and Science - 2 R Total

4 400 Level Harmattan Semester Units Status ACC 401 Auditing and Assurance Services I ACC 403 Taxation and Tax Management I ACC 405 Financial Management I ACC 407 Public Sector Accounting ACC 409 International Accounting I ACC 499 Research Project Electives: One of the following BUS 401 Business Policy and Strategy - 2 E ACC 309 Management Information System I - 2 E Total Level Rain Semester Units Status ACC 402 Auditing and Assurance Services II ACC 404 Taxation and Tax Management II ACC 406 Financial Management II ECO 306 Project Analysis and Evaluation ACC 410 International Accounting II ACC 499 Research Project Electives: One of the following BUS 406 Corporate Planning - 2 E ACC 310 Management Information System II - 2 E Total

5 COURSE DESCRIPTION ACC 101 Introduction to Accounting I- (3 UNITS) The nature and scope of Accounting: the functions of accountants. The accounting function and its relationship with the Information System of Organisations. Accounting procedure and systems: Single and Double Entry Book keeping system, the accounting equation. Basic Accounting records. Classification of expenditure between capital and revenue. Methods of recording accounting data: Manual and mechanical. ACC 102 Introduction to Accounting II- (3 UNITS) Preparation of financial statements-accrual and cash accounting, Financial Statement of a Sole Trader. Manufacturing Account, Departmental Account. Interpretation of Accounts, Asset Acquisition, Depreciation and disposal, Control Accounts, Incomplete records and single entry book-keeping, Accounts for non-profit making organizations, Provision and Reserves. ACC 201 Financial Accounting I- (3 UNITS) Partnership Accounts: Preparation and peculiarities of Partnership Accounts, Change of Partnership Accounts, Revaluation of Assets, Goodwill and Premium in Partnership, Admission and Retirement of Partners, Absorption of Partnership, Cessation of Partnership, Conversion of Partnership to Limited Liability Company. Company Accounts: Preparation of Financial Statement for a Limited liability Company, Issue of Shares and Debentures. ACC 202 Financial Accounting II- (3 UNITS) Joint Venture Account, Container Account, Investment Accounts, Contract Accounts, Unit Trust Accounts, Hire Purchase Accounts, Branch Accounts, Royalties Accounts, Consignment Accounts, Pension and Provident Fund Accounts, Bill of Exchange, Departmental Accounts, Banks, Insurance and Building Societies Accounts, Under Writers Accounts. ACC 203 Cost Accounting I- (3 UNITS) Nature, Scope and functions of Cost and Management Accounting. Coding for costs, Cost Estimation Techniques. Materials, Labour and Overhead Costing. Process Costing: Objective, Benefits and Problem. Difference between Process Costing and Job Costing. Accounting treatment for Scraps, Wastes, Normal Loss, Abnormal Loss and Abnormal Gain. Treatment of Joint and By-products. ACC 204 Cost Accounting II- (3 UNITS) Cost Volume Profit Analysis: Uses and Assumptions, Cost Volume Profit Analysis by graphical method. Break-even chart and profit volume ratio. Marginal and Absorption Costing: 217

6 definition, characteristics and uses. Application of the Marginal Costing Techniques: Types of Decisions, optimal Product Mix and Constraints, Special Pricing Method, Opportunity Cost Concept. Budgets and Budgetary Control: What is budget, Benefits and steps in Budgeting Process, Objectives of Budgetary Control, Similarities between Budgetary Control and Standard Costing. Budget manual, Budget Committee and Budget Officer, Master Budget and Cash Budget. Standard Costing and Variance: Types of Standards, Revision of Standards, Needs for Variance Analysis. Basic Variance: Direct Material, Direct Labour and Overheads. ACC 205 Business Law I- (3 UNITS) The Nigerian Legal System, Definition of Tort, the Tort of (professional) negligence, vicarious liability, criminal and civil liability, elements of a valid contract, capacity to contract, privity of contract, terms of contract, breach of contract and remedies, termination of contract. ACC 206 Business Law II- (2 UNITS) Agency: Introduction, Classification, Creation, duties and rights and termination of agency. Law of Hire Purchase: Nature of the Purchase Transaction, Definition of the Purchase Transaction, Application Statute, Distinction between hire Purchase and Contract of Sale, Distinction between Hire Purchase and Credit Sale, Formation of the Purchase Contract, Parties to a Hire Purchase Transaction, Rights and Obligations of the Parties to a Contract of the Purchase, Disposition of the Hire of a Good which is Subject to Hire Purchase, Termination of the Purchase Agreement. Negotiable Instrument: Introduction, Characteristic of Negotiable Instrument, Banks/ Customers Relationship, Duties and Right of a Banker. Sales of Good: Distinction between Sales and an Agreement to Sell, Modes of making a contract, Caveat emptor, Transfer of Ownership or property in Goods, Acceptance of Goods by the Buyer, Rights of an Unpaid Seller. ACC 301 Advanced Financial Accounting I- (3 UNITS) Published financial statement in line with CAMD Different Format for Published Accounts, Content of Published Financial Statement, Published Balance Sheet, Published Profit and Loss Accounts, Notes of Published Accounts, Preparation of Published Accounts for Services and Non-Service organisation. Vertical presentation of financial statement. Difference between tabular and Vertical Presentation of Financial statement, Reason/Purpose of Vertical Presentation of Financial Statement, Vertical Presentation of Financial Statement for Profit Making Organisation, Vertical Presentation of Financial Statement of Non-Profit Organisation. value added statement: meaning of value added and purpose of value added Statement, Difference between Value Added Statement and Conventional profit Statement, Advantages and Disadvantages of Value Added Statement. statement of cash flow: Difference Between Cash Flow Statement and Statement of Sources and application of funds, Purposes and Uses of Cash Flow Statement for Service and Non- Service Organisations. Share and business valuation: purposes of share and business 218

7 valuation, Methods of Shares and Business Valuation, Valuation of Shares and Business Various Organisations. Accounting standards: difference bodies for the issue of accounting standards, Types and Procedures for Issue of Accounting Standards, Description of SAS in Force, Application of Accounting Standards to Financial Reporting. ACC 302 Advanced Financial Accounting II- (3 UNITS) Group accounts: Provisions of CAMD 1990 in respect of Group Accounts, Definition of Various Terms in group Accounts, Consolidated Balance Sheet, Consolidated Profit and Loss Accounts, Associated Companies and Subsidiaries, Group Statement of cash Flow, Foreign Subsidiaries, Foreign currency translation: Definition of Various Terms, Various Methods of Translation, Treatment of Various Items in foreign Currency Translation, Foreign Branch Account, Foreign Joint Venture Accounts. Company re-organisation : Internal Re- Organisation: purposes for Re-Organisation, Capital Reduction, Treatment of Various Item where a Scheme of Reduction have been Formatted, Principles to be Applied where there is a need to Suggest Scheme of Capital Reduction. External re-organisation: Merger, Takeover, Absorption, Amalgamation, bankruptcy and liquidation ACC 303 Management Accounting I- (3 UNITS) Introduction to Management Accounting: Introduction, Management Accounting as a management Information System, Scope of Management Accounting, Management Accounting in the Organisation, Management Accounting and financial Accounting Compared. Capital Budgeting Under Certainty: Project appraisal Technique, Traditional Method (Pay back, ARR), DCF Method (NPV, IRR), NPV Vs IRR, Capital budgeting Under Risk and Uncertainty: Introduction, Adjusting for Risk and Uncertainties. Marginal Costing Technique: Accept or Reject Situation, Minimum Pricing Policy, Optimal Product Mix. Behavioural Aspect of Budgeting: Introduction, Reasons for Low Level of success in budget, Overcoming Problems of Budgeting. ACC 304 Management Accounting II- (3 UNITS) Transfer Pricing System: Introduction, Objectives of Transfer Pricing, Broad categories of Transfer Pricing Method, Dual Transfer Pricing System, International Transfer for Pricing, Learning curve Theories: Conditions for operation of Learning Curve, Learning Curve Procedures, Advantages of Learning Curve Theory, Limitations of Learning Curve Theory. Performance evaluation in a Decentralised Organisation: Decentralisation & Centralisation, Responsibility Accounting, Measure of Divisional Performance. Budgeting Improvement Techniques: Zero Based Budgeting (ZBB), Continuous or Rolling Budget, Fixed and Flexible budget. Standard Costing & Variance Analysis: Advance Basic Variance Disposition of variance, Planning & Operational Variance, Reconciliation of Variance ACC 307 Corporate Law I- (3 UNITS) 219

8 Introduction to Nigeria legal system, History and Definition of Nigerian Companies and others up to CAC. Formation of a Company: What is a registered company?, The history of the registered company, Taxation of companies, Future reform of the law relating to registered companies, Procedure to obtain registration of a company, Certificate of Incorporation, Effect of registration of a company, Liability of registered company, Management of registered companies, Registered Company s Securities, Registered Companies and partnership. Veil of Incorporation, Promoters, Memorandum of Association: Doctrine of Ultravires, Article of Association ACC 308 Corporate Law II- (3 UNITS) Companies Administration: Duties of Directors and company, Number and Appointment of Directors, Share Qualification of Directors, Disclosure of Directors Shareholding, etc. Powers of Directors, Remuneration of Directors, Loans to Directors, Directions and insolvency, Duties of Directors, Directors Powers and Shareholders control. Secretary: Meetings and Resolutions, Accounts and reports. Concepts of Corporate Democracy. Reconstruction, mergers and takeovers. Taxation Law, ultra-vires Loans and borrowing restrictions. Minority Protection. Introduction to executorships and receivership. Liquidation and Dissolution. ACC 309 Management Information Systems II- (2 UNITS) Meaning, Evolution, Purpose and Activities involved in Management Information System. Types of Management Information System, Problems of Management Information System, Components of Management Information System. Introduction to Management: Meaning of Management, Functions of Management, Levels of Management. Planning and Control: Planning Process, Short Term, Medium Term and Loan Term Planning, Benefit of Planning, Concept of Control, Essentials of Good Control System, Feedback Loop and Feed Forward Loop. Decision Making: Meaning of Decision, Relevance of Decision Making, Decision Making Phases, Aids to Decision Making. Theory of Information: The Need for Information Distinguished from Data, Qualities of Good Information, Classification of Information. Communication Model: Meaning of Communication, Reason for Communication, Types of Communication, Communication media, Basic Communication, Concept of Noise, Causes of Noise Effect of Noise, How to Minimize Noise, General System Theory (GST): Meaning of System, Characteristics of System, System Objectives, System Environment, System Relationship. Introduction to Data Processing: Meaning of Data Processing, Types of Data, Data Processing Procedures, Method of Data Processing, Factors to be considered in a Choice of Data Processing. ACC 310 Management Information Systems II- (2 UNITS) Introduction to Information Technology and Office Automation, The computer System - Evolution, Relevance and Types, Configuration. The Hardware Component - Input Device, Output, Storages and CPU. The Software - Types, Sources of Acquisition Operating System Utility Programmes. Programming Languages - Machine Lang., Assembly Lang., High Level Lang. Programming in basic - Stages in Programming, Characteristics of Programming Tool - 220

9 Chart, Pseudocodes, Decision table. Data base Management System (DBMS): Types, Structure Application. EDP Methods of processing - Batch Real Time, On-Line/Off- Line Concept. Computer Net Working - Characteristics, Types, Topology. Internets - Evolution, Relevance, procedures. Data Transmission and communication - Methods, Equipment, Moderm, Multiplexor, Synchronous/Asynchronous, Duplex, Half Duplex. Organisation of EDP Department: Officers and Function. Control in EDP Department. System Development ACC 312 Research Methodology in Accounting (3 UNITS) Introduction, types of research, literature review, research designs, sampling and sampling designs, measurement, scaling, validation, questionnaire, data analysis and presentation, statistical analysis in research, hypothesis/testing, referencing and research. ACC 401 Auditing and Assurance Services I- (3 UNITS) Introduction to Auditing, Appointment, Rights and Duties of the Auditors, Audit planning, Audit evidence, Internal Control and Internal Audit, Audit of final accounts (Stock & WIP, Debtors, Goodwill, Patents, Liabilities etc), Objectives of Auditing, The auditor s report and opinion, Auditing and other service. Appointment, rights and duties of an Auditor: Appointment of an auditor. The rights and duties of an Auditor under the Act, Powers of an Auditor. Audit Planning: Planning, Quality Control. Audit Evidence: Audit Evidence, Audit Risk, Statistical and Other Sampling Methods, Reliance on other specialists, Internal Controls and Internal Audit: Internal Auditing, Reliance on Internal Audit. Audit of Final Accounts: Audit of Stock, Audit of WIP, Debtors etc. Audit Reports and Communication with Management: The qualified audit report, Qualifications in audit reports, Reporting on accounts of sole traders and Partnership, Reports to Management ACC 402 Auditing and Assurance Services II- (3 UNITS) Audit of group Account, Application of modern auditing techniques by the use of statistical sampling, Investigation and Reports (Liabilities of Accountants, Accountants reports for prospect us and similar documents), Special Audit, Audit of Computer System, Auditors Liability and case laws, Miscellaneous (SAS, IAS, IAGS etc). Application of modern Auditing techniques by use of Statistical Sampling: The modern audit-stages, The timing of Audit works, The Auditor s Operational Standard. Investigations and Reports: Investigations, Reports, Prospectus Reports. ACC 403 Taxation & Tax Management I- (3 UNITS) Introduction to Nigerian tax system: Benefits of Taxation, Legal Frame Work of Taxation, Social Implication of Taxation. Tax administration in Nigeria: FBIR, SBIR, JTB. ascertainment of Nigeria & basis period: Commencement, Change in Accounting Date, Cessation. Personal income tax. partnership assessment. Adjustment of profit. Loss relief. Company income tax. Capital allowance ACC 404 Taxation & Tax Management II- (3 UNITS) 221

10 Capital gains tax: Persons Liable, Chargeable Assets, Disposal, Consideration, Allowable Expenditure, Artificial Transactions, Exemption and Relief, Roll Over Relief, Accounting for Oil and Gas Companies, Double Taxation Relief, Pioneer Legislation, Value Added Tax and Withholding Tax, Continuous Assessment, Tax Management in Nigeria (with current issues). ACC 405 Financial Management I- (3 UNITS) Nature, Scope, Environment Affecting Financial Management. Decisions in Financial Management. Treasury Mgt and Financial Control. The goals of the firm: The Meaning of Goals or Objectives, Financial and Marketing Objectives of Firm, Wealth and Profit Maximization, Other Goals of the Firm (Stakeholders Concept), Financial Objectives of Public Corporations. Sources of finance: Classification of the Sources of Finance, According to tenor, According to ownership. Mathematics of finance: Arithmetic and Geometric Progression, Simple Interest and Simple Discount, Compound Interest etc. Capital budgeting under certainty: meaning of capital Budget, Features of Capital Budgets, Traditional method, DCF method. Risk and uncertainty in capital budgeting: nature of Risks and Uncertainty, Types of Risks, Method of Evaluating the effect of risk on projects. Costs of capital: Meaning of Cost of Capital, Cost of Equity, Cost of Preference Shares, Cost of Debentures, Average Cost of Capital. Operating and financial average: Meaning of Leverage, Effect of Operating Leverage, Effect of Financial Leverage. Financial inter-mediation: Institutions engaged in financial intermediation, Benefits of financial intermediation. The Nigerian capital market: The Capital Market in Nigerian Financial System, Securities and Exchange Commission, The Nigerian Stock Exchange, Capital Market Instruments. Methods of raising capital on the stock exchange: Offer for Sale, Private Placing, Issue of Prospectus. ACC 406 Financial Management II- (3 UNITS) Capital Structure, Dividend Policy Decision, Sources of Finance (short, medium, and longterm), Share Valuation, amalgamation and takeovers, Transfer pricing, Effect of taxation and financial decision. Capital structure decision (traditional and m-m hypothesis): Introduction, meaning of capital structure, Element of a bound capital structure, Assumptions in capital structure, Financial and operating leverages, Degree of financial leverage, Degree of operating leverage, combined leverage, Net Income Approach, Net Operating Income, Approach Traditional and M-M Approaches. Dividend policy decisions: Dividend Theories. Working capital management: Definition of Working Capital, Concept, need for working capital. ACC 407 Public Sector Accounting- (3 UNITS) Introduction to Government Accounting: What is Government Accounting?, Purpose of Government Accounting, Users of Government Accounting Information, Users of Government Accounting Information, Comparison between Government Accounting and Private Sector Accounting. Basis of Government Accounting. Legal Basis of Government Accounting. Functions of Finance Officers: Accountant General of the Federation, Auditor General for the Federation, Accounting Officers, Sub Accounting Officers etc. Sources Of 222

11 Government Revenue and Government Expenditure. Fund Accounting. Budget and budgetary control in the public sector: Objectives/uses of animal budget, Types of budgeting system, Traditional/incremental budgeting, Zero Based Budgeting (ZBB), Planning Programming Budgeting System (PPBS), Budgetary Process/cycle in Nigeria, Personnel Cost Budget. Local Government Accounting: Need for Local Government, Function of Local Government, Functions of Local Government treasurer, Sources of Local Government Revenue, Books of Accounts Kept by Local Government Cashbook, DVRA, DEVA, etc ACC 409 International Accounting I (3 UNITS) Introduction to government accounting, basis of government accounting, budget and budgeting control in the public, officers in the public sector, below the line, above the line accounts, national income accounting. ACC 410 International Accounting II (3 UNITS) Introduction to international accounting, international accounting standards, international finanacuial reporting, comparative accounting, MNC. ACC 499 Research Project- (6 UNITS) A systematic field research on a current finance/accounting topics approved by the Head of Department. Development of students skill in analyzing and writing of reports based on empirical, library of specific financial subject matter. A report of reasonable and acceptable length and quality. 223