Accounting


PHILOSOPHY

 The Philosophy of the accounting programme is to produce graduate accountants, well equipped with qualitative education and skills, to become job creators rather than job seekers; To ensure that our graduates have a broad training in accounting and are well enlightened and self –reliant.

Thus, the graduates are impacted with the conceptual and analytical skills to decipher the salient features characterizing the complexities of the dynamic world of accounting. This programme develops the student’s critical judgment, ability to observe and detect, understand and analyse synthesize data for managerial decision. Using these managerial concepts, methods and techniques, they will be able to make objective contributions to organizations and as well contributes to the achievement of national objectives.

Hence, it is on this premise, that the philosophy of this programme is strictly adhere to, by ensuring that the right knowledge is imparted to the students since they are the leaders of tomorrow.

OBJECTIVES: The programme is designed to achieve the following objectives:

  1. ii) To develop and improve students understanding of the managerial problems at the various stages of development of the Nigerian society.   To prepare them to become           successful occupants of leadership and responsible positions, not only in Nigeria but also    in any other parts of the world.

(ii)        To provide appropriate environment that enables the students to raise their level of creativity and promote the spirit of self-reliance, hence equipping them with knowledge and skills necessary for decision-making, defining and solving both accounting and other problems of various organizations and the nation at large.

(iii)       To provide a firm foundation for applied research in accounting and related fields which will stimulate a broad interest in the discipline and create a critical awareness among Nigerians of the causes of contemporary management problems particularly those affecting the material wellbeing of the people and their immediate society.

(iv)   To train highly informed and enlightened man-power for managerial and social development, hence contributing to the cumulative stock human capital and highly well-equipped human resources in the country.

ADMISSION REQUIREMENTS:

FOUR-YEAR PROGRAMME (UTME- ADMISSION)

To qualify for admission into a four-year B.Sc. degree programme in Accounting, the candidates must register and sit for UTMB examination on the following subject; English Language, Mathematics, Economics and any other subject from Commerce, Bookkeeping, CRK etc., and have a minimum score as stipulated by the Joint Admissions and Matriculation Board for that session. They are also required to have passed SSCE or its equivalent at not more than two sittings with credits in 5 subjects which should include:

  1. English Language
  2. Mathematics
  3. Economics and
  4. Any other two social science subjects, plus an acceptable level of pass in post UTME screening/interview.

 

THREE-YEAR DEGREE PROGRAMME (DIRECT ENTRY)

To qualify for admission into a three-year degree programme, i.e. direct entry, the candidates are required to possess the same academic qualifications as the candidates for the four-year degree programme and, in addition, the candidate is required to have a higher academic qualification, such as G.C.E A-Level, ND, HND, BSc. in one field or its equivalent plus an acceptable level of pass in the university screening/interview.

PROGRAMME STRUCTURE: The Programme Structure to include period of formal studies in the Universities, planned visit and Research Project. The BSc. degree programme in Accounting is based mainly on course work and examination; there is no industrial training.  Research projects are provided in the programme of studies in forth year.

COURSE OUTLINE

YEAR ONE: FIRST SEMESTER

COURSE

CODE

           COURSE TITLE

CREDIT

UNITS

GST 111

Communication in English I

2

GST 112

Logic, Philosophy and Human Existence

2

GST 113

Nigerian Peoples and Culture

2

CDS 111

Community Development Service

1

BSM 111

Life and Teachings of Christ (The Four Gospels)

    1

MAT 111

General Mathematics I

3

ACC 111

Principles of Accounting I

2

ACC 112

Introduction to Business

2

ECS 111

Principles of Economics I (Micro)

2

BAF 111

Introduction to Money and Banking

2

 

TOTAL

19

 

SECOND SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

GST 121

Use of Library, Study Skills and Information Communication Technology (ICT)

2

GST 122

Communication in English II

2

GST 124

Communication in French or Arabic

2

GST 125

Citizenship Education

2

BSM121

Christian Awareness

    1

ECS 121

Principles of Economics II (Micro)

2

ACC 121

Principles of Accounting II

2

ACC 122

Nigerian Business Environment

2

ACC 214

Introduction to Business Mathematics

2

BAF 121

Principles of Finance

2

 

TOTAL

19

 

YEAR TWO:  FIRST SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

GST 212

Introduction to Computer Science

2

GST 214

History and Philosophy of Science

2

CDS 211

Community Development Service

1

BSM  211

Creation and Kingdom

1

     

ACC 211

Business Statistics I

    2

ACC 212

Introduction to Financial Accounting I

2

ACC 213

Introduction to Cost and Management Accounting I

    3

ACC 214

Principles of Marketing

2

ACC 215

Principles of Management

2

*ECS 211

Micro Economics Theory (Elective)

2

 

TOTAL

19

 

SECOND SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

GST 221

Peace Studies and Conflict Resolution

2

GST 222

Introduction to Entrepreneurial Skills

2

BSM 221

Prophets and Wisdom Literature

    1

ACC 221

Business Statistics II

2

ACC 222

Introduction to Financial Accounting II

2

ACC 223

Introduction to Cost and Management Accounting II

3

ACC 224

Business Mathematics

3

*ECS 221

Macro-Economic Theory (Elective)

2

 

TOTAL

17

 

YEAR THREE:  FIRST SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

GST 311

Application of Computer

    2

GST 312

Introduction to Entrepreneurial Studies

2

ACC 311

Intermediate Financial Accounting I

2

ACC 312

Cost Accounting

2

ACC 313

Accounting Theory

2

ACC 314

Taxation I

2

ACC 315

Quantitative Techniques in Accounting

2

ACC 316

Business Law I

3

ACC 317

Financial Management

2

* BAF 311

Financial Systems (Elective)

2

* ECS 315

Applied Labour Economics  (Elective)

2

 

TOTAL

21

                                                   

SECOND SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

ACC 321

Intermediate Financial Accounting II

2

ACC 322

Business Communication

2

ACC 323

Management Accounting

2

ACC 324

Taxation II

2

ACC 325

Elements of Government

2

ACC 326

Business Law II

3

ACC 328

Research Methods in Accounting

2

* BAF 321

International Finance   (Elective)

2

* ECS 327

International Economics  (Elective)

2

 

TOTAL

19

 

YEAR FOUR:  FIRST SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

ACC 411

Advanced Financial Accounting I

3

ACC 412

Business Policy and Strategy

3

ACC 413

Auditing and Investigations I

2

ACC 414

International Accounting

3

ACC 415

Analysis of Business Decision

3

ACC 416

Seminar

2

*BAF411

Public Finance  (Elective)

2

 

TOTAL

18

 

SECOND SEMESTER

COURSE CODE

COURSE TITLE

CREDIT

UNITS

ACC 421

Advanced Financial Accounting II

3

ACC 422

Production Management

2

ACC 423

Auditing and Investigations II

2

ACC 424

Public Sector Accounting

3

ACC 425

Research Project

6

ACC 426

Management Information System

3

* BAF 421

Bank Management  (Elective)

2

 

TOTAL

   21

 

 

 

COURSE DESCRIPTION

GST 111: COMMUNICATION IN ENGLISH (2 Units)

Effective communication and writing in English, Language skills, writing of essay answers, Comprehension, Sentence construction, Outlines and paragraphs, Collection and organization of materials and logical presentation, Punctuation.

GST 112: LOGIC PHILOSOPHY AND HUMAN EXISTENCE (2 Units)

A brief survey of the main branches of Philosophy Symbolic Logic Special symbols in symbolic Logic-conjunction, negation, affirmation, disjunction, equivalent and conditional statements law of tort; The method of deduction using rules of inference and bi-conditionals qualification theory; Types of discourse, Nature or arguments, Validity and soundness; Techniques for evaluating arguments; Distinction between inductive and deductive inferences; etc. (Illustrations will be taken from familiar texts, Including literature materials, Novels, Law reports and newspaper publications).

GST 113: NIGERIAN PEOPLES AND CULTURE (2 Units)

Study of Nigerian history, culture and arts in pre-colonial times, Nigerian’s perception of his world, Culture areas of Nigeria and their characteristics, Evolution of Nigeria as a political unit, Indigene/settler phenomenon, Concepts of trade, Economic self-reliance, Social justice, Individual and national development, Norms and values, Negative attitudes and conducts (cultism and related vices), Re-orientation of moral Environmental problems.

 

MAT 111:       GENERAL MATHEMATICS        (3 Units)

Set Theory: Sets, Union and intersection, the empty and universal sets, complements, subsets, venn diagrams; Algebra of real numbers: Indices, logarithms, surds; Theory of quadratic equations, simultaneous equations; simple inequalities; polynomials and their factorization; the remainder theorem; rational functions and partial fractions; Permutation and combinations; The binomial theorems, sequences and series;  Summation of finite series;  AP and GP Trigonometry: Basic trigonometric function and their properties; trigonometric identities and equation; application to solution of triangles; Trigonometric functions of angles of any magnitude; addition and faction formulae.

ACC 111:       PRINCIPLES OF ACCOUNTING I (3 Units)

History and development of accounting; The Nature and purpose of Accounting; Accounting concepts, postulates, assumptions and conventions; Science and art of accounting, function of accounting equation; Principle of double-entry bookkeeping; Classification of accounts and books of accounts; The principal books;  Divisions of the ledger; Balancing of the ledger; Books of Prime Entry: Sales Day Book, Purchases Day Book, returns Inwards Book, Returns Outwards Book, Cash Book, Petty Cash Book, The Journal Proper; The Trial Balance; The Imprest/Petty Cash System; Errors and their correction.

ACC 112:  INTRODUCTION TO BUSINESS (3 Units)

This course is to inculcate a general idea on business administration such as: The frame work of business, Types of business organization, Management functions in business. The roles of profit in business, Nature and fundamental of marketing in business. Business promotion, products Place and pricing. Role of Government in business. The role of international bodies in business and Small scale business management. Business cycle.

ECS 111:  PRINCIPLES OF ECONOMICS (MICRO) (3 Units)

This course is designed to expose to the students the background knowledge of Economics and its principles, such as; What Economics is all about, from various authors and scholars; and their views. The scope and its basic concepts: tools for economic analyses- why mathematics, graphs and charts are useful tools. Economics problems in the Society and the economics systems. The price theory i.e. demand and supply analysis, equilibrium condition. Elasticity of Demand and Supply and its applications to Economics. The Market structure. Elementary theory of production and production functions. Theory of cost and its concepts as well as the consumer theory. All these form the background understanding to students concerning microeconomics theory.

BAF 111:  INTRODUCTION TO MONEY AND BANKING (2 Units)

Basic concepts of money, Definition of money, origin and functions, classification of money and the differentiating features of money, The nominal and real value of money, the quantity theory of money, the demand and supply of money, The relationship between money and credit.  The Nigerian Banking System – Commercial banking, Merchant banking, Development banking, Non-Bank Financial Intermediaries, Basic concepts of banking, Lending and Borrowing, Liquidity and Profitability, Assets and Liabilities, Banking habits, Money and Capital Markets, the Securities Exchange Commission, International Banking.   

GST 121: USE OF LIBRARY, STUDY SKILLS AND INFORMATION COMMUNICATION TECHNOLOGY (ICT) (2 Units)

Brief history of libraries, Library and education, University libraries and other types of libraries, Study skills (reference services); Types of library materials, using library resources including e-learning, e-materials; etc., Understanding library catalogues (card, OPAC, etc.) and classification, Copyright and its \implications, Database resources, Bibliographic citations and referencing. Development of modern ICT, Hardware technology Software technology, input devices, Storage devices, Output devices, Communication and internet services, Word processing skills (typing, etc).

GST 122: COMMUNICATION IN ENGLISH II (2 Units)

Logical presentation of papers, Phonetics, Instruction on lexis, Art of public speaking and oral communication, Figures of speech, Précis, Report writing.

GST 124: COMMUNICATION IN FRENCH (2 UNITS)

Introduction to French, Alphabets and numeric for effective communication (written and oral), Conjugation and simple sentence construction based on communication approach, Sentence construction, Comprehension and reading of simple texts.

OR

 GST 124: COMMUNICATION IN ARABIC (2 UNITS)

Introduction to Arabic alphabets and writing systems; Elementary conversational drills, Basic reading skills, Sentence construction in Arabic.

GST 125:        CITIZENSHIP EDUCATION (2 Units)

Citizenship Education as a general study course aims as equipping students with information on their rights, duties and obligations of citizens to themselves theirs neighbours and community or nation as a whole.  It also includes discussions and some current medical/health, environmental, social and moral problems of national and international importance.  The focus is to create awareness through enlightenment and equip students with some means of preventing, controlling and overcoming the impediments to these.

ECS 121:  PRINCIPLES OF ECONOMICS II (MACRO) (3 Units)

This course dealt with some basic principles of Macroeconomics theory, which includes: Tools for macro-economic analysis, -measure of dispersion, linear equations/regression, The labour market- demand and supply of labours/ /wage determination; the money market – demand and supply of money, money value and price index. Inflation – effect, trend and control, Taxes and taxation – budget and sources of government revenue; Elementary theory of income determination – circular flow of income in a closed economy – equilibrium, propensities and the multiplier.

ACC 121:  PRINICIPLES OF ACCOUNTING II (3 Units)

Bank Reconciliation Statement. Revenue and Capital Expenditure. Depreciation. Total/Control Accounts. Bad Debts and provision for Doubtful Debts.  Trading and Profit and Loss Accounts.  Accruals and Prepayments.  Balance Sheet.  Income and Expenditure Accounts.  Receipts and Payments Accounts. Manufacturing accounts, Introduction to partnership accounts

ACC 122:   NIGERIAN BUSINESS ENVIRONMENT (3 Units)

The course is designed to introduce students to the impact of environmental factors on business in the economy.  The concept of business environment and organization and their interaction.  The nature of the Nigerian business enterprise.  The physical environment; the cultural environment; the political and legal environment; the economic environment; the moral environment.  Current developments in Nigerian business. Technological environment

ACC 124:   INTRODUCTION TO BUSINESS MATHEMATICS (3 Units)

The course takes a look at the following topics: Function-single and multiples variables, Simple interest, Compound interest, rule 72, discount and annuity. It also deals with introductory calculus (differentiation and integration). Introduction to linear programming, variation and coefficient of variation. Stock valuation and deterministic model. Dividend valuation model, stochastic model, cost of equity. Linear equation and Inequalities. Permutation and combination. Limit and continuity.

BAF 121:  PRINCIPLES OF FINANCE (3 Units)

Introduction to the study of Finance, the definition and nature of Finance, Short term and Long term finance needs of the household, business forms and the government, sources of funds, The Commercial Bank, Development Bank, The Nigerian Financial System, Money and Capital Markets, Methods of Funds Acquisition, Uses of money, Financing of fixed assets and current assets, Maintenance of Cash position, asset management and Financial Analysis.

GST 114: INTRODUCTION TO COMPUTER SCIENCE (2 UNITS)

History of computers Science and their generations; Role and Applications of Computer Science in Information and Communication Technology; Computer hardware, functional Components; Modern Input/outcome units. Basic elements of a microcomputer; Block diagram, data/ instruction flow, control flow, functions, operating principles and examples; Software types, packages and applications; Functional components of computer, characteristics of a computer.

GST 214: History and Philosophy of Science (2 Units)

Man – his origin and nature, Man and his cosmic environment, Scientific methodology, Science and technology in the society and service of man, Renewable and non-renewable resources – man and his energy resources, Environmental effects of chemical plastics, Textiles, Wastes and other material, Chemical and radiochemical hazards; Introduction to the various areas of science and technology; Elements of environmental studies.

GST 221: Peace Studies and Conflict Resolution (2 Units)

Basic Concepts in peace studies and conflict resolution, Peace as vehicle of unity and development, Conflict issues, Types of conflict, e.g. Ethnic/religious/political/economic conflicts, Root causes of conflicts and violence in Africa, Indigene/settler phenomenon, Peace – building, Management of conflict and security; Elements of peace studies and conflict resolution, Developing a culture of peace, Peace mediation and peace-keeping, Alternative Dispute Resolution (ADR); Dialogue/arbitration in conflict resolution, Role of international organizations in conflict resolution, e.g. ECOWAS, African Union, United Nations, etc.

ACC 211:       BUSINESS STATISTICS I (3 Units)

Summarization of Data, Frequency Distribution, Measures of Location, Partition, Variation and spread, Dispersion, Probability theory, Models and its elementary laws operations.  Some discrete and continuous distributions (e.g.) Binomial, geometric, hyper geometric, Poison, uniform, exponential, normal distribution etc.). Estimation and Test of hypothesis, Expectations theory. Introduction to linear regression analysis and estimate.

ACC 212:       INTRODUCTION TO FINANCIAL ACCOUNTING I (3 Units)

General review of topics covered in ACC 121. The Manufacturing II, Trading and Profit and Loss Account and the Balance Sheet.  Advanced aspects of correction of errors and the Suspense Account.  Preparation of accounts from incomplete records. Tabular System of Book keeping.  Valuation of Stock. Departmental Accounts. Royalty accounts, introduction to Hire purchase account.

ACC 213:  INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING I (3 Units)

Definition, Scope and function of Cost and Management accounting, Principles of Cost account, The different meanings of cost: Historical cost, Standard Cost, Expired and Unexpired cost, Period cost, Product cost, Marginal cost, etc.  The elements of cost and classification of costs, Cost accounting for Materials, Labour and Overhead, Principles underlying the preparation and the presentation of costs Accounts for various types of business.  Analysis of problems in cost dealing with job cost systems and environment – economic, political and cultural.

ACC214:  PRINCIPLES OF MARKETING (2 Units)

Principles of marketing is built up with the following topic – what is marketing and the need for marketing – Core concepts of marketing, better system of marketing, monetary transactions. Marketing Needs- marketing as a means to meet the needs of people in a manner: like self-sufficient, decentralized and centralized exchange. Professionalism – (marketing as a profession). banking, insurance and the marketing strategies.  Marketing planning- various state of demand, marketing philosophies and selling concepts. Marketing management process – marketing opportunities, market segmentation, positioning and marketing mix. Micro marketing environment – marketing intermediaries, customers and competitive marketing environment; and various publics. Macro marketing environment – demographic environment, natural, economic, technological, political and socio-cultural environments, effects and roles in marketing. Marketing information system – information needs; developing information- internal records, marketing intelligence and marketing research, intelligence gathering and sources of intelligence marketing research process.

 

ACC 215:  PRINCIPLES OF MANAGEMENT (3 Units)

The objective of this course is to equip  the students on the general understanding on management principles, it covers  issues such as: Historical background of  management, School of management Thoughts and their approaches – Scientific, administrative approach, bureaucratic, classical, behavioural  and quantitative approach, Problem solving  process, Roles of a manager, characteristics and responsibilities, Function of management:- planning function and reasons, organizational strategy, Management by Objective  (MBO)  and its benefit, Organizing function, Coordinating function, Delegation and decentralization, Specialization and Span of control

ECS 211:   MICRO ECONOMICS THEORY (3 Units)

Microeconomics theory deals with issue like Nature and shape of microeconomics – different between Microeconomics and Macro, Economic systems and social frame work, model – building, Economic theory, deductive and inductive method, partial and general equilibrium; static, comparative static and dynamic equilibrium, mathematics in microeconomic analysis.

The price mechanism – price theory, functions of price, demand and supply analysis; price determination, and market adjustment, free market and price control, price control and aggregate approach.

Elasticity, price, income and cross elasticity of demand, supply elasticity and further mathematical treatments. Theories of consumer behaviours – ordinal, cardinal utility and revealed preference theory of consumer behaviour; and assumptions.  Theory of production, production, – isoquant - isocost approach. Theory of cost: explicit – implicit cost. Short rum and long rum cost of production. Theory of Firm:   profit maximization and its mathematical treatments, cost minimization and its mathematical treatments. Introduction to market structure.

GST 222: Introduction to Entrepreneurial Skills (2 Units)

Introduction to entrepreneurship and new venture creation; Entrepreneurship in theory and practice; Introduction The opportunity, Forms of business, Staffing, Marketing and the new venture; Determining capital requirements, Raising capital; Financial planning and management; Starting a new business, Feasibility studies; Innovation; Legal Issues; Insurance and environmental considerations; Possible business opportunities in Nigeria.

GST 311: APPLICATION OF COMPUTER IN SCIENCE (2 Units)

Introduction to personal computer applications; Overview of basic computer hardware and system software concepts; Projects include using various application software packages' such as: word processing, spreadsheets, electronic e-mail, and computer network browsers.

                          

GST 312: INTRODUCTION TO ENTREPRENEURSHIP STUDIES (2 Units)

Some of the ventures to be focused upon include the following:  Soap/Detergent; Tooth brushes and Tooth paste making; Photography; Brick, nails, screws making; Dyeing/Textile blocks paste making; Rope making; Plumbing; Vulcanizing; Brewing; Glassware production/Ceramic, production; Paper production; Water treatment/Conditioning/Packaging; Food processing/packaging/preservation; Metal working/Fabrication – Steel and aluminium door and windows; Training industry; Vegetable oil/and Salt extractions; Fisheries/Aquaculture; Refrigeration/Air conditioning; Plastic making; Farming (crop); Domestic Electrical wiring; Radio/TV repairs; Carving; Weaving; Brick laying/making; Bakery; Tailoring; Iron welding; Building drawing; Carpentry; Leather tanning; Interior decoration; Printing; Animal husbandry (Poultry, Piggery, Goat etc.); Metal Craft – Blacksmith, Tinsmith etc.; Sanitary wares; Vehicle maintenance; Bookkeeping

ACC 221:  BUSINESS STATISTICS II (2 Units)      

Description: Sampling distribution theory. Simple and multiple regression and correlation analysis., Analysis of variance (simple approach), Design and analysis of Business related experiments.  Contingency Table. Table Service analysis. Forecasting theory. Source Non-Parametric Tests.

 

ACC 222:  INTRODUCTION TO FINANCIAL ACCOUNTING II (3 Units)

Introduction to partnership accounts, Formation, Operation and Dissolution of partnership.  Treatment of goodwill in partnership accounts, Joint Venture Accounts; Consignment accounts, Investment and Contract Accounts, Branch Accounts, Royalty Accounts. Containers Accounts, Hire Purchase Accounts, II; Flow of funds and Departmental Accounts.

ACC 223:       INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING I (3 Units)

A review of history, principle and objectives in terms of users of accounting information, Preparation and presentation of cost information for various users and levels of management as well as of business.  Marginal costing (breakeven and cost- volume- profit analysis), Standard costing and budgetary Control, Variance and variance analysis, Behavioural aspects of Cost Accounting.

ACC 224:       BUSINESS MATHEMATICS (3 Units)

Indices and set theory. Matrices and Determinants. Quadratic Equation and its application to Business.  Simultaneous equations in two and three variables and its application to business.  Series and sequence and its application.  Functions and its application to business.  Simple and compound Interest.  Linear Programming and its application to business.  Annuities.  Integration and differentiation theory and its application to business. Permutation and combination, binomial theorem, decision theory, inventory analysis. Linear model and matrix algebra- application to business.

ECS 221:  MACRO ECONOMICS THEORY (3 Units)

Macroeconomics theory is course meant for all students in management Sciences. It deals with issue like; Nature and scope of macroeconomics and what macroeconomics all about, Positive and Normative, macroeconomics polices and models. Instruments, objectives and goal of macroeconomic policies, National Income and product determination – stock and flow, Circular flow of income in an opened economy- GDP, GNP, NDP, NNP and NI, and its equilibrium conditions.

Theory of consumption – Absolute income hypothesis, saving function, relative income, transitory and permanent income, and other determinants of consumption, Theory of investment, accelerator theory, marginal efficiency, Neoclassical model, Tobins “q” theory – PBP, ARR, NPV and other determinates of investment; IRR, TAD, Cost benefit ratio (CBR). It also treats issue like; the Aggregate demand and income determination two sector model, three sector model, and Balance multiplier.

GST 311: ENTREPRENEURSHIP DEVELOPMENT STUDIES II (2 Units)

Business organization, direction and control personnel, material, financial and machinery management, concept of marketing, market segmentation, price, professional advisers and partners, procurement and contracting, ethics and cultural values.

ACC 311:   INTERMEDIATE FINANCIAL ACCOUNTING I (3 Units)

Final Accounts of Limited Liabilities Companies including private and public Companies, formation of Companies, Statutory and Statistical Books Accounts of Issues of Shares and Debentures, Accounting of Shares and Debentures payable in full, Accounting for shares and Debentures payable by instalments, Convertible Loan Stocks, shares over or under – subscribed, Call in arrears and in advance; Forfeiture of shares, Preliminary Expenses, Debentures as Collateral Security for Loans, Company Earnings, Interest on Debentures, Interest on calls, Interest on capital, paid out Capital, Dividends, Books of shares.

ACC 312:       COST ACCOUNTING (3 Units)

Review of history, Principles and Objectives of Cost accounting Information System (in terms of users), preparation of Cost Accounting Information, Presentation of Cost Accounting Information, Job Cost Accounting – recoding of purchaser of raw materials, Recording the issue of materials, Accounting Procedure for labour Costs, accounting procedures for manufacturing overheads, non-manufacturing overheads, Accounting procedures for jobs completed and products sold, Costing Profit and Loss Accounts, interlocking accounting, Contract Accounting, Batch Cost Accounting, Process Cost Accounting – Flow of Cost in a process Costing system, Normal and abnormal losses, Accounting for the sales of Scraps, abnormal gains and losses, Variance Analysis, materials labour and overhead variances.

ACC 313:       ACCOUNTING THEORY   (3 Units)

Meaning of Accounting: Meaning and objectives of Accounting Theory; Review of principles, Concepts and Conventions; Historical development of the accountancy profession; Uses and limitations of accounting information; The Concept of income in accounting and economics.  The effect of changing money value on the measurement of income and valuation of asset;  Asset valuation methods; Social responsibility accounting;  Accounting for inflation;  Cash flow Statements;  The need for accounting standards;  The Nigerian Accounting Standards Board; The International Accounting Standards Board; Advantages and disadvantages of Standards;

ACC 314:       TAXATION I  (3 Units)

Principles of Taxation, History of Taxation in Nigeria, types of Taxation in Nigeria, Tax and administration in Nigeria, Personal Income Tax, Administration Total Income Tax, Chargeable Income, Personal allowance, Tax rates, The pay-As-You-Earned (PAYE) Computation of Certificates, Stamp Duties, Excise Duties.

ACC 315: QUANTITATIVE TECHNIQUES IN ACCOUNTING (2 Units)

Financial Model Building, Mathematical Programming Formulation of the firm’s Short-term and Long-term, Investigation, Financing, Choice Problems, Sensitivity Analysis, Linear Programming; Graphical Simplex Algorithm, Transportation Assignment; Inventory Management; Network Analysis, PERT, CPM, Stocks, replacement of capital, Games Theory, Two person zero sum game, goal Programming, Dynamic Programming.

ACC 316:       BUSINESS LAW I (3 Units)

Contracts: Introduction, Concepts of offer and acceptance, the doctrine of consideration, capacity of parties, unenforceable contracts, vitiating elements in contracts; Discharges of contractual remedies, quasi contracts.

Agency: Introduction, types of Agency, Capacity in agency, agent’s authority, contractual liability, agents/principal relationship, third parties position termination.

Mercantile: Sale of Goods – contract of sale, duties of seller and buyer, transfer of ownership, rights of unpaid seller, seller’s and buyer’s personal remedies.

Carriage of Goods by Sea

Hire Purchase: Conditional sale agreement (Hire purchase Decree 1965)

INSURANCE: Meaning of insurance, contract of insurance classes of insurance, conditions and warranties liability of principal, basic principles.

ACC 317:       FINANCIAL MANAGEMENT (2 Units)

The Nature, Scope and purpose of Financial Management, Sources and Application of Funds, Short, Middle and Long-term Fund, Sources and Problems of new Financing, Capital Budgeting, Capital Structure, The effects of Financial Structure on Returns, Financing Leverage, Analysis and Interpretation of Basic Financial Statement/Ratio; Time value of money; Valuation of Bond and Stock; The Capital Market; Risk and Return; Market Efficiency and Financial decision

ABF 311:        FINANCIAL SYSTEMS (3 Units)

The Financial Structure, The Central Bank of Nigerian, Merchant Bank, Development Banks, Investment Companies, Insurance Companies, Structure, Evolution, Function and Performance of Rural banking, Community bank, Peoples Bank, Marketing of banking Services, Finance Market and Instruments, Comparatives banking and Financial Institutions, International Financial System.

ECS 315: APPLIED LABOUR ECONOMICS (2 Units)

Applied labour Economics takes a look at the following issues Unemployment inflation and unemployment, employers’ association, collective bargaining; Wage determination and appointed commissions in Nigeria; Poverty and discrimination Child labour and worker mobility in developing countries conceptual framework and empirical evidence; Public policy and market stability. Labour management system; Industrial conflicts and trade unions.

ACC 321:       INTERMEDIATE FINANCIAL ACCOUNTING II  (3 Units)   

Published Accounts of Companies, Recommendations on Accounting Principles, Reserves, Prevision and Current Liabilities, Distinction between a provision and Reserve, Reserves funds, Secret reserves, Balance Sheet Requirements, Sources and Uses of funds, Profit and Loss Requirements, Loans to Officers and Directors Reports, Types of  Debentures, Redemption of Debentures, conversion into new debentures, conversion of debentures into shares, debentures into banks, issue and redemption of redeemable preference shares.

ACC 322:  BUSINESS COMMUNICATION   (3 Units)   

Introduction, meaning principles and the important of communication, communication process and the important of feedback, organization of communication, line of communication. Course of poor communication, face to face communication informal interviews formal interviews meanings reception and reception procedures, correspondences, art of business writing, types and disechanical Structure. Method of input for production Procedure Cost of communication, Concepts – coding and decoding perception, interpretation, Barrier to communication over coming barrier communication, Signal design terms, Operational communication – Input – and output of communication.   

ACC 323:       MANAGEMENT ACCOUNTING     (3 Units)   

Accounting for Management Control Purposes, Objectives and methods and methods of Management Accounting/Cost accounting Systems: General Principles of Costing, Behavioural aspects of Cost, Elements of Cost, Fixed, Variable and Semi-Variable Costs, Budgets and budgetary contro;.Preparation of Master and Subsidiary Budgets Cash Forecasting, Standard Costing Preparation and Computation of Variances; Marginal Costing, Breakeven Analysis, Sources of Finance, discounting Techniques and introduction to investment Appraisals; Job costing, contract and batch costing, process costing, joint and by-products, including spoilage.  Marginal costing, breakeven analysis, cost-volume profit analysis, standard costing and budgetary control; Transfer pricing, performance measurement; Behavioural and human resources accounting; Application of quantitative techniques, probability theories; Strategic planning and control.  Capacity decisions, product mix, make or buy decisions, pricing policy and contribution theories.

ACC 324:       TAXATION II        (3 Units)   

Partnership Income Tax, Assessment, Admission of Partners, Tax Liabilities of Partners, Self employed partners, Assessment of personal allowances, Capital allowances, Direct and Indirect Taxation, Sales and Purchases Tax, Value Added Tax (VAT), Companies Income Tax, Double taxation Relief and Loss Relief, Companies Income Tax administration, assessment, Tax Rates, Returns, Offences and penalties, General application of the Companies Income Tax of 1779, petroleum Profit Tax, Self Assessment Tax System.

ACC 325:  ELEMENTS OF GOVERNMENT (3 Units)   

This introduces students to the nature of politics; society and social organization; the state; the problem of law; constitutionalism; political ideology; the classical heritage, Plato, Aristotle; Public administration; political parties and pressure groups; public opinion and propaganda; elections; international order; Bills and Laws; The legislature, judiciary and the Executive for local government, states and the federal( case study – Nigeria)

ACC 326:   BUSINESS LAW II      (3 Units)   

Negotiable Instruments: Bills of Exchange, cheques, promissory Notes; Law of contract; Partnership: Formation of partnership, operating of the Partnership, dissolution, Limited Partnership.

Company Law: Company’s Decree 1968, Nature and formation of companies’ shares, operation of the Companies, promoters, directors, meetings, and company’s Accounts, Contractual Capacity, winding up; Legal interpretation.

ACC 328: RESEARCH METHODS IN ACCOUNTING (2 Units)   

Research Methods in Accounting is to lay a background on how students should undertake academic research work and how to present research report, especially during the research project in the final year; Definitions and functions of research; Principles guiding the selection of research topic; Conceptual framework of research, reality and existence reality of facts, theories, laws, constructions and methods of scientific study- inductive and deductive. Types of research: Historical, experimentally, descriptive, survey, expository facts, case studies and applied research; Writing research report: A standardized format and sample of a project, thesis and dissertation, Acknowledgements, Abstract, Introduction- explanations of preliminary section main body of research- background to the study, Statement of the problem, research question and hypotheses, significance of the study, delimitation or scope of the study, Limitations of the study, definition of terms. Literature review: theoretical, conceptual and empirical framework. Method of study -sources of published data or questionnaire; Nature and applications of statistics in data analysis; measurement, validity and reliability of data; Data presentation and analysis; importance to organizations and general public; Discussion of findings, summary; conclusion; Recommendations and suggestions.

BAF 321:        INTERNATIONAL FINANCE      (3 Units)   

Monetary aspect of International Trade, concepts, Balance of Payment and its adjustment, Foreign Exchange Market and its efficiency, Theory and practice of devaluation, International Financial Institutions and Markets, Functions, Features, Instruments, Structures and Performance International Capital Flow.

ECS 328: INTERNATIONAL ECONOMICS II    (2 Units)

Introduction to the theory of trade and international finance; incorporating various presentation of theories on the international trade, balance of payments, foreign protection; the use of international trade in expanding contemporary international relations, international relations and diplomacy, Exchange rate policy, External debts and remedies.

ACC 411:  ADVANCED FINANCIAL ACCOUNTING I (3 Units)

Review of Company Accounts, Group Accounts – Preparation of Consolidation Account, Elimination of Inter-group balances and Profit on Inter-groups Transaction, Treatment of Minority Interest and Cost of control Accounting problems of group Companies including multinational takeovers, Mergers, Reconstruction, Reorganization, Associated Companies, Accounting for Acquisition and Mergers, Accounting for Foreign Operations – foreign branches Affiliates Method of Conversation, Valuation of Shares and Business Going concern and Break up basis.

ACC 412:       BUSINESS POLICY AND STRATEGY   (3 Units)

The course is designed to integrate the material and Management approaches learnt by the students in the functional areas of business.  If considers the crucial dimensions of top management policy and strategy formation, and implementation from accompany wide perspective.  Both the endogenous and exogenous factors which affect company polices, strategies and decision making are examined as well the role of the firm in society, Strategic planning at the executive and middle levels will be studied through exercises and cases drawn from Accounting, Finance, Marketing and personnel which are illustrative of top Management practice in business and public sector organization; Effect of environmental factors.

ACC 413:       AUDITING AND INVESTIGATION I (3 Units)

Introduction to Auditing – History, Development, Position of Auditors under the Companies decree in 1943, 1967 and 1979, Qualification of an Auditor, Main objects of an Audit, Audit plans and reports, Letters of Engagement, Clients Time Tables, audit Time Table and Budget, Reporting files and Working papers, Reporting to shareholders, Reporting to Management Letter, Reporting System – Introduction to Systems Audit Notes, Descriptive Questionnaires, Flow Charts Evaluating Systems – Management Controls, Organizational Controls, Procedural Controls, Internal control Questionnaires, Auditing Transaction, Transaction Tests, Weakness Tests, Suggested Audit Tests, Sample Selected, Sample Size, Sampling Techniques.

ACC 414:       INTERNATIONAL ACCOUNTING      (3 Units)

This course is designed for student interested in Accounting and Financial Control of International Operations.  The Students should be familiar with International accounting Standards.  The course involves preparation, transaction and analysis, of financial statement in Companies that have branches of foreign multi-national companies.  The course should also examine series of accounting and control problems of foreign companies.  Methods of transfer of dividends, cost of foreign products, funds for foreign directors should also be examined.

ACC 415:       ANALYSIS OF BUSINESS DECISION (3 Units)

Elements of decision analysis, types of decision situations and decision trees; Operation Researches Approach to decision and analysis, systems and system analysis, modelling in OR, simulation, cases for OR analysis Linear programming – graphical, simplex, transportation and assignment algorithms’ conflit analysis and games, mokov analysis, activities network analysis, queues inventory, replacements, line balancing, rating and sequencing and search.

ACC 416:       SEMINAR IN ACCOUNTING (1 Unit)

This seminar will highlight current accounting issues and methods adopted by organizations to resolve such issues.  Issues from closely related disciplines will also be covered.           

ACC 421:       ADVANCED FINANCIAL ACCOUNTING II (3 Units)

Bankruptcy and Insolvency – Requirements of the Accounting for Bankruptcy and Insolvency, Accounting for specialize transaction, Joint Ventures, hire purchase, Goods on Sale or Return, Bills of Exchange and Pensions fund, Accounting for banks and Insurance Industries with special reference to relevant legislation, Interpretation of Financial Statements – Ratio Analysis, Working Capital and Statement of Sources and the Application of Funds, Cash Flow and Objective of Disclosures and Financial Reports of Management, Directors and Public.

ACC 422:  PRODUCTION MANAGEMENT (2 Units)

Production Management is designed to equip the students of Accounting, Banking and Finance with a broad knowledge and ideas on production operations in an industry. It deals with issues such as: Definition and Scope of production management, types of production system; Concepts of production. Production operational planning and control with illustrations e.g. batch production system; Facilities location and plant layout; Product design. Capital Investment Analysis; Forecasting and Capacity planning; Quality control system; Inventory control and materials management-storage; Plant maintenance and replacement policies; Transportation model, network analysis and linear programming; Stock valuation and work in progress; Economic order quantity (EOQ) and Re-order Quantity (ROQ) and Accounts of the manufacturing.

ACC 423:       AUDITING AND INVESTIGATIONS II (3 Units)

Stock and Work in Progress, The existence of Stock Work in Progress, attendance at stock taking, Standard Accounting Practice with regard to valuation of Stock, summary of the responsibilities of the client and Auditor with regard to stock.  The Inventory letter, Flow and organization Charts, Purchases Liabilities – basis in Accounting, Audit objectives, Audit procedures, sales and debts, Accounting objectives, bank and cash balances, accounting records, basis in Accounts, Audit Companies, Profit and Loss Accounts and balance Sheet, balance sheet Audit Programme, Detail Analysis of the balance Sheet and Audit Programme, Events after balance sheet, the Audit Report and the Law, Basic Legal Requirements, the clean report, Qualification in Audit Report, Auditing and Consolidated Accounts, Auditing the Computer System, Special Audit and Investigation.

ACC 424:       PUBLIC SECTOR ACCOUNTING   (3 Units)

Introduction to Public Sector Accounting, Distinction between Public and Private Sector, Basic Accounting for Non-Profit Organization, Basic Characteristics of a governmental accounting structure in Nigeria, The Treasury, Audit Department, consolidated Revenue Fund, Capital and Development Fund, Financial accounting and Analysis, Use of Self Accounting system, Fund Accounting system and Standardized Forms for transactions

ACC 425:  RESEARCH PROJECT   (6 Units)

This is designed to examine the overall idea of a prospecting graduate in order to test the ability of handling an academic research work, and the ability to develop such in accordance with the research procedures under the supervision of a Lecturer. Students are be required to present two (2) topics of his or her choice in the area of his or her interest, on which one (1) will be approved through the departmental board. The Students will be tested and examine internally on his or her consistency in line with standardize format of project writing; Oral questions to examine his or her understanding of the related concepts and literatures on the topic so chosen. The Institution shall arrange for External Examiner from other Institutions of her choice whom may range from the rank of Professor, or Associate Professor, or a Senior Lecturer. Students are graded External Examiner depending on the performances in response to questions during the defence panel.

ACC 426:       MANAGEMENT INFORMATION SYSTEM (3 Units)

Introduction to and fundamentals of data processing; Brief history and conventional data processing methods: annual methods and mechanical methods; Classification of systems and their relative merits; Close loop and open loop systems and their relative merits; Close loop and open loop systems: effects on time lags.  The total system approach and objectives; Total systems and subsystems;  Data processing and Management Information System (MIS); the organization of MIS including the use of mechanical and electronic accounting machines, flowcharting and the principles of system design and documentation;  Managerial uses of the information output as a basis for developing criteria and systems;  Information needs of management and design of MIS;  Computer and data processing, Evolution of the computer and computer system input, output and central processing unit;  Hardware and software; Introduction to common computer programming languages used in business (COBOL, FORTRAN, SPSS, etc) Electronic data processing (EDP).

BAF 421:        BANK MANAGEMENT (3 Units)

Structure and Functions of Commercial Banks, Bank Risk, Capital adequacy banking risk, Banking earnings, Balance Sheet Management, Deposit Administration, Liquidity, Instruments and Concepts, Policies and Procedure, Lending Concept types, Banking Investment Procedures, Other Bank Policies, Audit and control, Personnel Policies, Marketing and Community Relationship and Management of Bank Own Capital Structure.

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