FOUR YEAR STANDARD UNDERGRADUATE DEGREE PROGRAMME
FIRST YEAR
FIRST SEMESTER
| A | Major Courses | Title | Units |
| ACC 101 | Elements of Accounting I | 2 | |
| B | Ancillary Courses | ||
| MAN 103 | Business Mathematics I | 2 | |
| MAN 101 | Elements of Business Economics I | 2 | |
| BAF 101 | Introduction to Finance | 3 | |
| COS 101 | Introduction to Computer Science | 3 | |
| PHL 101 | Introduction to Logic & Philosophy | 2 | |
| PSY 101 | Introduction to Psychology | 3 | |
| C | G.S. Courses | ||
| GSP 101 | The Use of English I | 2 | |
| GSP 105 | Natural Science I | 2 | |
| Total | 21 | ||
SECOND SEMESTER
| A | Major Courses | Title | Units |
| ACC 102 | Elements of Accounting II | 2 | |
| B | Ancillary Courses | ||
| MAN 102 | Elements of Business Economics II | 2 | |
| MAN 104 | Business Mathematics II | 2 | |
| MAN 106 | Introduction to Business | 3 | |
| PHIL 102 | History & Philosophy of Science | 3 | |
| C | G.S. Courses | ||
| GSP 101 | The Use of English I | 2 | |
| GSP 106 | Natural Science II | 2 | |
| Total Total = 37 Units
|
16 | ||
SECOND YEAR
FIRST SEMESTER
| A | Major Courses | Title | Units |
| ACC 201 | Introduction to Financial Accounting 1 | 2 | |
| ACC 211 | Cost & Management Accounting | 3 | |
| B | Required Ancillary Courses | ||
| MKT 201 | Elements of Marketing | 3 | |
| MAN 201 | Elements of Management | 2 | |
| MAN 231 | Business Statistics I | 2 | |
| MAN 241 | Economics Microeconomic Theory | 3 | |
| C | G.S. Courses | ||
| GSP 201 | Social Sciences I | 2 | |
| GSP 207 | Humanities I | 2 | |
| Total | 19 | ||
SECOND SEMESTER
| A | Major Courses | Title | Units |
| ACC 202 | Introduction to Financial Accounting II | 2 | |
| B | Required Ancillary Courses | ||
| MAN 222 | Production Management | 2 | |
| MAN 232 | Business Statistics II | 2 | |
| MAN 242 | Business Macroeconomic Theory | 3 | |
| MKT 222 | Business Communication | 2 | |
| BAF 222 | Principles of Insurance | 2 | |
| COS 304 | Computer Applications | 3 | |
| C | G.S. Courses | ||
| GSP 202 | Social Sciences II | 2 | |
| GSP 208 | Humanities II | 2 | |
| Total | 20 | ||
| Total= 39 points | |||
THIRD YEAR
FIRST SEMESTER
| A | Major Courses | Title | Units |
| ACC 301 | Financial Accounting III | 2 | |
| ACC 311 | Cost Accounting I | 2 | |
| ACC 331 | Taxation | 3 | |
| ACC 351 | Fundamentals of GovernmentAccounting System | 2 | |
| ACC 361 | Quantitative Techniques in Accounting I | 2 | |
| B | Required Ancillary Courses | ||
| BAF 311 | Monetary Theory & Policy | 3 | |
| BAF 331 | Financial Management I | 2 | |
| BAF 383 | Public Finance & Taxation I | 2 | |
| CED 341 | Introduction to Entrepreneurship Development | 2 | |
| Total | 20 | ||
SECOND SEMESTER
| A | Major Courses | Title | Unit |
| ACC 302 | Financial Accounting IV | 2 | |
| ACC 312 | Cost Accounting II | 2 | |
| ACC 362 | Quantitative Techniques inAccounting II | 2 | |
| ACC 372 | Research Methods | 3 | |
| B | Required Ancillary Courses | ||
| Major Courses | Title | Unit | |
| LAW 212 | Basic Business Law I | 3 | |
| BAF 332 | Financial Management (Advanced) | 2 | |
| BAF 384 | Public Finance & Taxation II | 2 | |
| CED 342 | Business Development & Management | 2 | |
| MAN 352 | Government & Business | 2 | |
| Total 20
Total = 40 Units
|
|||
FOURTH YEAR
FIRST SEMESTER
| Major Courses | Title | Units | |
| A | ACC 401 | Advanced Financial Accounting V | 2 |
| ACC 403 | International Accounting | 3 | |
| ACC 411 | Management Accounting I | 2 | |
| ACC 421 | Auditing & Investigation I | 2 | |
| ACC 451 | Public Sector Accounting | 3 | |
| B | Required Ancillary Courses | ||
| MAN 405 | General Business Policy | 3 | |
| BAF 451 | Capital Markets & Portfolio Theory | 3 | |
| Total 18 | |||
SECOND SEMESTER
| Major Courses | Title | Units | |
| A | ACC 402 | Advanced Financial Accounting VI | 2 |
| ACC 412 | Management Accounting II | 2 | |
| ACC 422 | Auditing & Investigation II | 2 | |
| ACC 432 | Taxation II | 2 | |
| ACC 442 | Management Information System | 3 | |
| ACC 490 | Project | 4 | |
| Required Ancillary Course | |||
| MAN 432 | Analyses for Business Decisions | 3 | |
| Total 18
Total= 36 Units |
|||
COURSE DESCRIPTION
ACC 101 Elements of Accounting I 2 Units
Topics treated are: Historical Development of Accounting Terminologies, Concepts, Conventions and Purposes of Accounting Information and its Communication. The nature and scope of Accounting. The Role of an Accountant in an organization. Major Branches of Accounting, (Financial, Auditing, Taxation, Public sector, Cost and Management Accounting) and their roles in an Organization. Users of Financial Statements, Their Information Requirement, Objectives, Adequacy and the Usefulness of Financial Statements. Principles and Practice of Double Entry Book-Keeping. Forms and Contents of Books of Accounts- Computer Sheets, Prime Books Including Journals, Cash Books and Petty Cash Book. The Ledger- Sales Ledger, Purchases Ledger and General Ledger. Trial Balance, its Scope and Uses. Its Preparation from Accounting Records and List of Ledger Balances. Classification of Expenditure between Capital and Revenue. Methods of Recording Accounting Data: Manual and Computer. Preparation of Final Accounts for Sole Proprietorship. Accounting Treatment of Adjustments. Depreciation- Reasons and Methods of Providing for it. Debtors, Bad Debts and Provision for Doubtful Debts. Accruals and Prepayments. Bank Reconciliation Statement- Format and Preparation. Banking Transactions and Processes.
ACC 102 Elements of Accounting II 2 Units
The following topics are treated: Correction of Errors and Control Accounts. Depreciation Methods, Manufacturing Accounts. Receipts and Payments of Income and Expenditure Accounts. Balance Sheet of Non- Trading Organization or Statement of Affairs. Preparation of final Accounts from Incomplete Records. Stock Valuation for Financial Accounting Purposes. Preparation of Insurance Claims. Miscellaneous Accounts- Consignments, Containers, Royalties and Bill of Exchange.
ACC 201 Introductions to Financial Accounting 2 Units
(Pre-Requisite ACC 101 and 102)
The content is as follows: The Broad Structure of Accounting Theory, Fundamentals Underlying Assumptions, Fundamental Theoretical Concepts, Generally Accepted Accounting Principles and Accounting Procedures. Departmental and Branch Accounts. Treatment of Overhead in Departmental Accounting. Partnership Accounts, Admission, Retirement, Dissolution, Charge of Interest, including the Treatment of Goodwill, Piecemeal Realization. Introduction to Accounts of limited liability Companies – Articles and Memorandum of Association. Formation Including Treatment of Issues of shares/Debentures, Redemption of Preference Shares and Debentures, Sources and Structure of Capital, Classes of share Capital.
ACC 202 Introduction to Financial Accounting II 2 Units
(Pre-Requisites; ACC 101 and 102)
The topics are: Introduction to Interpretation of Accounts and Financial Statements Analysis. Analysis of Working Capital and cash flows and objectives of disclosure. Introduction to Basic Accounting Standards (IFRS, IAS etc). The Nature and Role of bodies which set Accounting Standards in Nigeria; Structures and Process of Issuing Accounting Standards; Provisions of Some Accounting Standards (IFRS). Accounting for Investment. Accounting for Hire Purchase Transactions. Accounting for Purchase and Sales of Business.
ACC 211 Introduction to Cost and Management Accounting 3 Units
Nature, Scope and Functions of Cost, Management and Financial Accounting; Different meanings of cost Viz. Historical, Standard, Marginal, Average etc; Cost Unit and Cost Centers, Classification of Cost by Nature, Functions, Elements, Responsibility and Behavior. Principles underlying the Preparation and Presentation of Cost Account for Various types of Business. Cost Accounting for Material: – Stock Recording and Management, Material Procurement, and Pricing, Methods of Inventory Valuation, Just-in-Time purchasing and Production, Inventory Control. Cost Accounting for labour; Basic Methods of Remuneration, General Features of Incentive Schemes, Labour Costing and Labour Cost Control, Job Evaluation, Merit Rating, Labour Turnover And Their Impact On Labour Cost. Overhead Costing, Overhead Allocation, Apportionment and Absorption, Activity Based Costing. Introduction to job and Process Cost Accounting. Elements of Marginal Cost, Absorption Costing, Standard Costing and Budgetary Control. Accounting Ratios; Uses, Limitations, Classification etc. Double Entry Accounts for Cost Control. Profit Planning and Profit Analysis, Quality Control Techniques, Merit Rating, Job Evaluation, Work Measurement. Current Problems and Issues.
ACC 301 Financial Accounting I 2 Units
Advanced Partnership Accounts: Conversion of Partnership into Limited Liability Companies, Amalgamation of Partnerships. Branch Accounts: Home and Branch Accounts: Consolidation of Branch Accounts including Home and Foreign Branches, Rules for Foreign exchange. Preparation of Published Financial Statements for Limited Liability Companies in Conformity with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). Legal and Regulatory Framework of Company Accounts.
ACC 302 Financial Accounting II 2 Units
Capital Reorganization, Reduction and Reconstruction, Business Mergers, Amalgamation and Absorption. Introduction to interpretation of accounts and financial statements analysis: Types of Financial Ratios, Analysis and limitations of financial ratios. Computation and Interpretation of Accounting Ratios and Trends from Financial Statements to Address Shareholders Needs, Including their Usefulness and Limitations.
Inflation accounting, Accounting for Provident and Pension Funds, Co–operative Societies, Estate Agencies, Sinking Fund and Annuities Accounts, Preparation of Accounts of Shipping Organizaions. Introduction to Bankruptcy: – Preparation of Statement of Affairs and Deficiency Accounts for Individual and Partnership, Preparation of Receipts and Payments of Trustee in Bankruptcy. Application of Accounting Packages in preparation of Accounts.
ACC 311 Cost Accounting I 2 Units
A Historical Review of Cost Accounting Concepts, Functions, Definition, Objectives, Uses etc. Preparation and presentation of cost accounting information for various users and level of management as well as various type of business. Factory Organization and the Cost Accounting Information System, Different Cost Behaviours and Characteristics. Cost Accounting Record Keeping. Cost Control Accounts, Integrated Accounts, Interlocking Accounts. Reconciliation in Cost Accounting. Cost Accounting Methods and Controls for Materials, Labour and Overheads including Accounting for waste, Spoilage and Defective Materials. Inventory Valuation and Control, Cost Control Techniques.
ACC 312 Cost Accounting II 2 Units
Detailed Treatment of Cost Accumulation System, Viz Job, Process, Uniform, Batch, Contract , Operation, etc. Standard Costing and its Application to the Systems. Accounting for Variances: Quantity, Rate Cost and Efficiency varainces. Various Cost Accounting Methods and Analysis. Problems of Cost Accumulation. Process costing including Accounting for joint and by-products as well as spoilage. Marginal Costing: Brake even and CVP Analysis. and the Budgetary Process. Cost Termination and Estimation Techniques. Cost statements and Cost Audits, Behavioral Aspects of Cost Accounting. Absorption Costing, ABC Analysis Techniques. Topical issues in Cost Accounting.
ACC 331 Taxation I 3 Units
Principles and Tax Administration in Nigeria; Definition, nature and objectives of Taxation, General Principles of Personal Income Tax; History of Taxation in Nigeria, The Personal Income Tax Act; Its Objectives and Provisions; The Joint Tax Board: State Board of Internal Revenue; Relevant Tax Authority and Residence for Individuals; Registration of Taxpayers and Filing of Returns, Assessment, Procedure and Collections, Objections and Appeal Procedure. Distinction between the taxation of income and the taxation of capital, Incomes and Persons Chargeable: Chargeable Income; Persons Chargeable; Items Specifically Allowed and Disallowed; Incomes Exempted From Tax; Reliefs and Allowances; Marginal Tax Rate. Determination of Tax Liability: Application of Basis Period in Determining Tax Liability; The Commencement Rule; The cessation Rule; Change of Accounting Date; Capital Allowances; Basic Period for Capital Allowances; Income from Partnership; Income from Employment; Assessment and Collection, Pay As You Earn, Taxation of the Income of Trusts and Estate; treatment of losses; Loss Relief, Tax Related Fiscal Policies; Changes in Legislation And Emphasis, The Reform of the Nigeria Tax System. Double Taxation Arrangements and Reliefs; Residence for Individuals, Residence for Companies, Dual Residence for Individuals, Double Taxation Arrangements and Reliefs; Taxation of Non-Resident Individuals; Tax on Turnover Basis. The small company provisions including definitions, computations and exemptions.
ACC 351 Fundamental of Government Accounting Systems 3 Units
Historical Development of Government Accounting; Financial Authorities and Legal Aspects of Government Accounting. Nature and Objectives of Government Accounting. Distinction Between Government and Private Sector Accounting and introduction of IPSAS, Forms and Documents used in Government Accounting. Vouchers and their uses and Preparation, The Basis of Government Accounts – IPSAS Cash and Accrual Basis in Government Accounting, Bank Reconciliation Statements; Recording of Expenses and Revenue in Government –Departmental Vote Expenditure, Abstract Book, Departmental Vote Revenue Abstract Book. Consolidated Revenue Fund, Public Accounts Committee, Development Fund.
ACC 361 Quantitative Techniques in Accounting I 2 Units
Introduction to Quantitative Application in Business. Tools and Concepts of Quantitative Analysis – Probabilities, Matrices, Calculus etc. Business Decision Theory and Analysis: Decision making under certainty Risk and Uncertainty; Decision Rule. Sensitivity Analysis, Estimation of Cost Behavoiur Patterns, Correlation/Regression Analysis etc., Accounting Arithmetic.
ACC 362 Quantitative Techniques in Accounting II 2 Units
Optimization Techniques – La Grance Models, Maximization and Minimization Problems. Linear Programming Techniques – Graphical and Simplest Approaches. Transportation Algorithms; Assignment Problems. Game Theory, Queueing Theory and Business Applications. Simulation Techniques. Markov Chain and Analysis. Network Models – pert and CPM Inventory Control Models, etc.
ACC 372 Research Methods 3 Units
Definition and types of research, problems associated with research in accounting especially in developing countries. Selecting and formulating project topics and titles. Expected contents of project. Literature review; strategies, scope, plagiarism, relevance, conceptual framework etc. Citation and referencing. Research methodology, population and sample. Questionnaire design, validation and administration. Statistical measures and scales, parametric and non-parametric statistics, hypothesis testing. Reporting research findings. Application of computer packages.
ACC 401 Advanced Financial Accounting (V) 2 Units
Review of Companies Account: Preparation of Financial Statements For Publication; Application of Standards (IFRS) and Legislations in Preparation and Presentation of Financial Statements; Preparation of Profit and Loss Account, Balance Sheet, Value Added Statement, and Cash Flow Statement Using both Direct and Indirect Methods. Detailed Group Accounts: Parent Company and its Subsidiary (ies) and Associates. Treatment of Non-controlling Interest, Goodwill, Pre-and Post Acquisition Reserves, Intra – Group Transactions, Dividends, Peace Meal Acquisition, Indirect Subsidiaries. Consolidation of Profit and Loss Accounts, Balance Sheets, Cash Flow and value Added Statements of group companies including Multinational (takeovers, merger, reconstruction, re-organization and Associate Companies). Accounting for Mergers and acquisition: Distinction between Mergers and Acquisition Accounting. Review of Accounting Standards and their impact on Accounting Practices – IAS, FIRS, and GAAP. Accounting for Foreign Operations – foreign Branches/Affiliate, Method of conversion (Foreign Currency Transactions) Including Treatment of Investment in Foreign Subsidiaries. Case Studies.
ACC 402 (Advanced) Financial Accounting VI 2 Units
Accounting for Banks and Insurance Industries, Application of relevant Standards (IFRS) and Legislations. Preparation of Financial Statement of Banks: Value Added Statements and Cash Flow Statements of Banks and Insurance Companies, Insurance Claims, Detailed Review of Specialized Acts relating to Banks and Insurance Companies’ Accounts.:- BOFID, Insurance Act, CAMA, NAICOM ACT, Prudential Guidelines. Valuation of Shares of Businesses: – Going Concern and Break – Up Businesses. Interpretation of Financial Statement: Ration Analysis for Working Capital and Statement of Cash flow, and Objectives of Disclosure. Accounting for Lease: – Finance and Operating Leases. Preparation of Specialized Accounts: – Oil and Gas, Stock Brokers, Farmers and Property Companies, Joint ventures, Investment and Securities, Containers, Consignments, Bills of Exchange, Good on sales or return. Bankruptcy and Liquidation:- Statutory Requirements; Preparation of Statement of Affairs and Deficiency Statements of an Insolvent Debtor, Partnership, and Liquidating Company. Preparation of receipts and payments of receivers and Liquidators. Accounting for Capital Reduction, preparation and implementation of capital reduction scheme. Accounting for Amalgamation of Companies. Application of Accounting Packages in Preparation of Accounts. Case Study.
ACC 403 International accounting 2 Units
This Course is designed for Students Interested in Accounting and Financial Control of International Operations: International Accounting Standards, The Preparations, Transaction and Analysis of Financial Statements for Companies with Branches or Foreign Multinational Companies. Accounting and Control Problems of Foreign Companies, The Transfer of Dividends, Cost of Foreign Products, Funds for Directors etc. Capital Flight. The Issues Relating the Internationally Accepted Accounting Standards, International Financial Reporting Standards, International Accounting on Climatic changes and Environmental issues, International Accounting on Energy Development Issues, International Accounting on solid minerals and Sustainable Development, and case Studies of Selected Foreign Companies Operations. Case study of companies.
ACC 411 Management Accounting I 2 Units
General introduction – The Nature, Sources, Scope, Purpose etc. of Management Accounting and Information Types. The Role of Management Accounting Information in Organizations. The Nature, Form and Evaluation Criteria for Management Accounting Reports. The Management Information System. Accounting for Management. Decisions – the Nature and Types of Management Decisions. The Concepts of Contribution and Relevance and their Application in Routine, Non-routine and Special Management Decisions (eg. CVP, Pricing, Resource Consumption etc.). Accounting for Planning Decisions – The Nature of Goal Setting and Planning. Management Accounting Tools for Short-term Profit Analysis. Planning for Income, Expenses and Costs, including the preparation of Operating and Cash Budgets. Planning for the Long-Term; The Nature of Capital Budgeting and Capital Budgeting Techniques. The Implementation and Control of Capital Projects. Risks and Uncertainty Measurement – Risk Using Decision Tree Analysis. Special Budgets (e.g. Zero-Based Budgets; Continuous Budgets; Activity-Based Budgets etc.). Its application in Budgeting. Case Study.
ACC 412 Management Accounting II 2 Units
Accounting for Control Decisions – Control Theory: A General Consideration, Internal Control; a Systems Consideration. Accounting Control Tools and Techniques (Variance Accounting and Analysis; Budgetary Control; Ratio Analysis; Sensibility Analysis; Responsibility Accounting; Divisional Performance Measurement ; Intra – Organization Planning, etc) Quantitative Techniques and Their Application in Management Accounting (Cost Estimation and Behaviour Patterns including Learning Curve Theory; Inventory Management and Control Techniques; Linear Programming; Simulation; Mark or Portfolio Analysis.) Special/Emerging Issues in Management Accounting (Behavioural Aspects of Management Accounting; Management Audit; Throughput Accounting; Resource Consumption Accounting etc.) Feasibility Studies and Selected Case Studies.
ACC 421 Auditing Investigation I 2 Units
The Theory of Auditing: The Objectives of an Audit, Classes of Audits; Transaction and Procedural Audits, Internal and External Audits; Advantages of Auditing; Qualities Required of the Auditor; The Concept of Audit Reports. The Legal Framework Of Auditing: Appointment of Auditors; Remuneration of the Auditor; Removal of the Auditor; Resignation of the Auditor; Duties of the Auditor; Rights of the Auditor; Other Legal Matters Relating to the Auditors. Audit Committee: Composition and Duties, Currents Developments; Auditor’s Practical Relation with Members and Directors; Duties and Responsibilities of Directors; Practical Problems in the Relationship between Directors and Auditors. Professional Rules: International Federation of Accountants; International Financial Reporting Standards, Nigerian Financial Reporting Council; The Use and Application of Accounting Standards, The Need for Convergence of Standards ; International Auditing and Assurance Standards Committee, International Standards on Auditing, Nigerian Auditing Standards Committee, Nigerian Standards on Auditing. Commencing a new Audit: Professional Etiquette; Confirmation of Appointment; Letter of Engagement. Audits Working Papers; Flowchart, Internal Control Questionnaire; Audit Programmes; Compliance Tests; Substantive Tests ; Internal Control; Limitation and Application to Small Organizations. Audit Evidence: The Concept of Audit Evidence; Attributes of Audit Evidence; Sources of Audit Evidence, Auditor’s Attitude to Audit Evidence; The Use of Assertions in Obtaining Audits Evidence; Procedure for Obtaining Audit Evidence; Factors for Assessing Audit Evidence. Interim Auditing: Interim Auditing in Practice; Letter of Weakness. Difference Between Interim and Final Audit; The Procedure for Balance Sheet Audit; Verification of Items in the Balance Sheet; Profit and Loss Account; Post Balance Sheet Events and Going Concern; Audit Certificates. Case Study.
ACC 422 Auditing and Investigation II 2 Units
The Auditor’s Report: Basis and Elements of Auditor’s Report; Contents of the Auditors Report and Modifications; Qualified Reports; Materiality, Concept of True and Fair View; Audit of Group Accounts; Joint Audits; Sampling in Auditing. Quality Control Audits: The Need for Quality Control in Audits; Audit Plans and Planning Memorandum; The Conduct of Audit Office for Quality Control; Audit Reviews. Professional Ethics: The Code of Conduct for Professional Accountants(IFAC); Professional Rules of Conduct(ICAN); The Auditor’s Liability; Divisible Profits and Dividends. Internal Auditing: Qualities of the Internal Auditor: Internal Auditing in Practice; The Human Aspects of Internal Auditing; Current Trends in Internal Auditing. Errors and Fraud; The Duties of the Auditor in Relation to Fraud and Errors; The Effects of Errors and Fraud on Published Financial Statements; Indications of the Existence of Fraud in Practice; International Auditing Scandals; The Sarbanes- Oxley Act. Public Sector and Specialized Audits: The Audits of Ministries and Government Agencies; Audit of Local Governments; Audit of Parastatals and Public Institutions; Insurance Companies; Charities, Social Clubs and Town Unions, Audits of Micro – Finance Banks. Investigations: General Framework for Investigations, Special Classes of Investigations: Purchase of Business, Statutory Investigations, Bank Evaluation for Credits, and Accountant’s Report for Prospectus and Case Studies. Forensic Audit: Concept, Meaning and Procedure; Emerging Issues in Auditing and Assurance; Transnational Audits, Transnational Audits, Environmental and Social Audits. The Use of Computers for Accounting and Audit; Problems Associated with Computer Based Systems, Controls in Computer- Based Systems; The Audit of Computer – Based Systems; Computer Assisted Audit Techniques. Case Study.
ACC 432 Taxation II 2 Units
Taxation of Limited Liability Companies: Company Income Tax and Company Income Tax ( Amendment) Act 2007, The Federal Inland Revenue Service Board: Composition, Duties and Powers, The Federal Inland Revenue (Establishment) Act 2007: Administrative Machinery, Pioneer Legislation. Profits Chargeable: Computation and Adjustments, Capital Allowances, Loss Relief , Basis Period , Commencement, Cessation, and Change of Accounting Date, Minimum Tax, Withholding Tax, Education Tax, Tax on Turnover Basis, Returns, Assessment and Collection, Objections and Appeal Procedure, Taxation of Non – Resident Companies, Double Taxation Arrangements and Reliefs. Taxation of Specialized Companies: Insurance Companies, Airlines, Shipping and Cable Operating and Telecommunication Companies, Banks and Other Financial Institutions. Value Added Tax: General Principles and Objectives, Vatable Goods and Services, Exempt Goods and Services, VAT in relation to Capital Assets International Dimensions of Value Added Tax. Capital Gains Tax: Administration and Application, Deductible and Non- Deductible Expenses, Exemptions, Partial Disposals and Delayed Payments, Relief from Double Taxation and Roll – Over Reliefs, Acquisition by Share Transfers. Petroleum Profits Tax: Administration of PPTA and Relevant Tax Authority, Definitions of Petroleum Operations, Meaning of Disposal and Disposed of, Profit Exempted from PPTA, Allowable and Non – Allowable Deductions, Accounting Periods and Payment. Tax Concept of Posted Price, Gas Adjustment Factor, Capital Allowances Under PPTA, Tax Off – Sets and Petroleum Investment Allowance, Chargeable Profit, Chargeable Tax and Additional Tax , Treatment of Losses, Memorandum of Understanding, Joint Venture Contracts and Production Sharing Contract. Anti-Avoidance Rules and International Dimensions of Nigerian Taxation; Case Study.
ACC 442 Management Information System (MIS) 2 Units
System Concepts, System Classification etc. Concepts of Business Management; Components of Business Organization; Applying System Concepts in Business Management; Information and Data Life Circle; Fundamentals of Different Data Processing Systems. Foundation/Imperatives for Effective MIS; MIS Development Process (System Life Circle) – System Investigation (Study) Analysis, Design and Implementation; System Conversion an Installation; System Documentation; Monitoring and Evaluation; Information System, Strategy and Impact on Management Decision Making Process; Accounting Information System (AIS) and Management Information System (MIS). Case Study.
ACC 451 PUBLIC SECTOR ACCOUNTING
(Prerequisites ACC 351, BAF 333 and BAF 334) 3 Units
The Constitution, Legislative and Regulatory Context of Public Sector Accounting: (a) the Financial Authorities (b) the Economic Environment of PSA. Government Accounting Concepts and Pronouncements; (a) Accounting Concepts, Bases and Principles relevant to Government Accounting, (b) the Concepts of Funds, its Relationship to the Entity, Concepts and its Implications for Income Measurement and Valuation, (c) Professional Pronouncements on Government Accounting by the United Nations, the International Committee on Government Financial Management, Chattered Institute of Public Finance and Accountancy (CIPA) and International Federation of Accountants (IFAC), (d) Standardization of Federal and State Government Reporting Formats in Nigeria, (e) International Public Sector Accounting Standards Board (IPASB).
Sources of Government Revenue: (a) Types of revenue [i] Federal Accounts Revenue [ii] Federal Government Independent Revenue. (b) Revenue Collection Agencies – NNPC; FIRS, DPR and NCS, (c) Federation Accounts Allocation Committee – Composition and Functions and Bases of Revenue Allocation. (d) Charges to the CRF (e) Revenue Collection Procedures and Monitoring (f) Preparation of Federation Account, CRF and DF.
Financial Management Cycle in the Federal, States and Local governments: (a) Institutional Framework, (b) Planning and Programming (c) Budgeting Process and Budgetary Control (d) Government Accounting Processes (e) Evaluation, Audit and Review (f) Government Contracts. Case study.
ACC 490 Project 4 Units
Developing student’s Skills in Analyzing and Writing Reports Based on an Empirical and Library Study of a Specific Subject Matter or Topic in Relevant Financial, Management, Costing, Auditing Areas as chosen by the Students who would be Required to Present a Research- Based Report of not less than 2,000 words at the End of the Session.
Key Ancillary Courses
BAF 331 Financial Management I 2 Units
The Nature, Scope and Purpose of Strategic Financial Management. Sources of Costs of Short, Medium and Long-Term Finance. Sources and Problems of New Financing. Capital Budgeting: Capital Investment Decision; Techniques of Investment Appraisal, NPV, IRR, CBC; Capital Project Evaluation; Capital Project Evaluation; Capital Rationing, Strategic Approach to Investment Appraisal; Capital Expenditure Control and Planning; Risks and Return in Investment Opportunities, Management of Working Capital Items; Debtors, Creditors, Cash and Stocks, Preparation of Cash Budgets and use of Cash Management Models. Formulation of Inventory and Credit Policies. Analysis and Interpretation of Basic Financial Statements. Leasing: Types of Lease Advantages and Disadvantages, Taxation and Leasing, Corporate Governance; Corporate Governance Principles, Relationships Among Stakeholders, Bad Corporate Governance Implications for Business Share Capital Performance. Capital Investment Appraisal Techniques for SME’s Financial Needs of SME’s problems, Micro Credit Financing.
BAF 332 Advanced Financial Management II 2 Units
Business Mergers and Takeovers: Feature, Advantages and Disadvantages of Mergers, Purpose of Mergers and Acquisition Leverages Buy Outs, Determinants and Implication of Dividend Policy. Valuation of Shares, Assets and Enterprises. Risks of Finance and Methods of Avoiding them. Corporate Strategies; Types, Goals and Objectives, Strategies, Tactical and Operating Planning. Corporate Plan and Budgeting. Long term Financing and Strategic Planning, Banking System and Industrial Finance, Mortgage Finance, Capital Structure of Nigerian Firms. Financial Management Process, Application of Information Technology to Financial Management. International Financial Management: Exchange Rate Risks Management, Role of Financial Institution; International Capital Budgeting and Financing.
POSTGRADUATE DIPLOMA (PGD) IN ACCOUNTANCY
FIRST SEMESTER:
Course code Course Title (Core Course) Units
ACC 701 Principles of Accounting 2
MAN 701 Principles of Management 2
BAF 721 Principles of Finance 2
ACC 761 Quantitative Techniques 2
ACC 771 Introduction to Research Methodology 2
ACC 723 Auditing Principles and Practice 2
BAF 731 Principle of Micro Economics 2
Total Units 14
SECOND SEMESTER:
Course Code Course Title (Core Courses) Units
ACC 732 Principles of Taxation 2
BAF 732 Principles of Macro Economics 2
ACC 712 Introduction to Cost and Management Accounting 2
ACC 742 Computer Application in Business 2
Elective Course (2 courses are chosen from electives) Units
ACC 754 Public Sector Accounting 2
ACC 782 Nigerian Economy 2
ACC 726 Business Finance 2
ACC 722 Micro & Small Business Finance 2
ACC 790 Research Project 4
Total Units 30
MBA PROGRAMME IN ACCOUNTANCY.
FIRST SEMESTER
Course code Course Title (core courses) Credit Unit.
ACC 801 MIS and ICT management 3
ACC 813 Quantitative Methods for Management 3
BAF 811 Corporate finance 3
MKT 811 Marketing Management and Strategy 3
ACC 811 Managerial Accounting 3
ACC 871 Research Methodology 3
TOTAL UNITS 18
SECOND SEMESTER
Course code Course Title (Core courses) Credit Unit
ACC 862 Business and Company Law 3
ACC 824 Advanced Accounting Theory & Financial Reporting 3
ACC 882 Advance Auditing and Assurance 3
ACC 884 Taxation and Public Finance 3
ACC 852 Public Sector Accounting 3
Total Units 15
THIRD SEMESTER
Course Code Course Title (Core courses) Credit Unit
ACC 823 Human Resources Accounting 3
ACC 831 Corporate Mergers and Acquisition 3
ACC 821 International Accounting 3
ACC 843 Graduate Seminar 3
BAF 833 Managerial Economics 3
ACC 875 Entrepreneurship 3
TOTAL UNITS 18
FOURTH SEMESTER
Course Code Course Title ( Core Courses) Credit unit
ACC 804 The On-the job Project 3
ACC 822 Accounting for Derivatives and Financial Instruments. 3
ACC 834 Professional Ethics and Corporate Governance 3
ACC 830 Environment of Business 3
ACC 836 Corporate Strategy 3
MAN 874 Organizational Behaviour 3
MAN 803 Introduction to General Management 3
MAN 812 Operational Management 3
MAN 843 Human Resources Management 3
ACC 890 Project Report 6
TOTAL UNITS 72
MASTERS IN SCIENCE PROGRAMME IN ACCOUNTANCY
FIRST SEMESTER
Course Code Course Title (Core Courses) Credit Units
Acc 821 Financial Accounting Theory 2
Acc 803 Oil and Gas Accounting 2
Acc 815 Auditing Theory 2
Acc 817 Management Accounting Theory 2
Acc 845 Management Information System 2
Acc 871 Course Code Course Title (Core Courses) Credit Units Research Methodology 2
Acc 853 Advanced Public Sector Accounting 2
Total units 14
SECOND SEMESTER
Course Code Course Title (Core Course) Credit Units
Acc 814 Taxation Theory & Practice 2
Acc 864 Corporate Finance 3
Acc 818 Economic Theory 3
Acc 874 M.Sc. Seminar 2
Total Units
Specialty Courses in M.Sc. Accounting (Three courses to be chosen)
Acc 846 Accounting Standards 2
Acc 802 International Accounting 2
Acc 832 Forensic Accounting and Fraud Management 2
Acc 812 Management Theory and Practice 2
Acc 89 Project Report 6
Specialty Courses in M.Sc. Taxation
Acc 886 Tax Audit and Investigation 2
Acc 856 Public Finance/Public Sector Economics 2
Acc 816 International Comparative Studies and Taxation 2
Acc 848 Tax Laws and Cases 2
Acc 826 Advanced Statistics 2
Acc 891 Project Report 6
Specialty Courses for M.Sc. Forensic Accounting
Acc 858 Fraud Detection and Investigation tools and Technique 2
Acc 854 Anatomy of Fraud 2
Acc 888 Advanced Corporate Audit and Assurance 2
Acc 866 Legal and Regulatory Environment 2
Acc 891 Project Report 6
Specialty Courses in M.Sc. Auditing
Acc 806 Advanced Financial Reporting 2
Acc 888 Advanced Corporate Reporting 2
Acc 868 Business Ethics and Corporate Governance 2
Acc 842 Information Systems Auditing 2
Acc 828 Internal Auditing, Risk Management and Control 2
Acc 891 Project Report 6
DOCTOR OF PHILOSOPHY (Ph.D) PROGRAMME IN ACCOUNTANCY.
FIRST SEMESTER:
Course Code Title Credit Units
ACC 901 Advanced Financial Accounting Theory 3
ACC 923 Advanced Management Accounting Theory 3
ACC 971 Research Methodology 3
ACC 935 Advanced Auditing Theory 3
ACC 941 Contemporary Issues in Accounting 3
Total units 15
SECOND SEMESTER
Elective ( 2 courses from area of concentration which can be handled as seminars)
Course Code Course Title (Core Courses) Credit Units
ACC 954 Public Sector Accounting 3
ACC 962 Environmental Accounting 3
ACC 982 Seminars 3
Total Units 9
ACC 990 Thesis 12
Total Units Total Units 36
