LIST OF COURSES AND COURSE DESCRIPTION
LIST OF COURSES   FIRST SEMESTER - 100 LEVEL
Course Code	Course Title	Credit Units
ACC 111	Introduction to Financial Accounting and Reporting I	3
ECN 111	Principles of Economics I	3
ACC 112	Introduction to Finance I	2
ACC 113	Introduction to Mathematics for Social Sciences I	2
ACC 114	Introduction to Management	2
ACC 115	Introduction to Marketing	2
	Total	14
GNS COURSES
GNS 111	French/Arabic for Beginners I	1
GNS 112	Use of English I (Listening & Speaking Skills)	2
GNS 113	Element of Civic Education I	1
GNS 114	Introduction to Computer	1
GNS 115	Use of Library	1
Total		6 (20)
SECOND SEMESTER
ACC 121	Introduction to Financial Accounting and Reporting II		3
ECN 121	Principles of Economics II		3
ACC 122	Introduction to Finance II		2
ACC 123	Introduction to Mathematics for Social Sciences II		2
ACC 124	Business Communications		2
	Total		12
GNS COURSES
GNS 121	French/Arabic For Beginners II	1
GNS 122	Use of English II (Study Skills & Grammar)	2
GNS 123	Elements of Civic Education II	1
GNS 124	Computer Application/ICT	1
	Total	5 (37)
200 LEVEL - FIRST SEMESTER
ACC 211	Financial Accounting and Reporting I	3
ACC 212	Introduction to Cost & Mgt Accounting I	3
ACC 213	Introduction to Business	2
ACC 214	Commercial Law I	2
ACC 215	Statistics I	2
ACC 216	Business Mathematics I	2
ECN 211	Introduction to Micro Economics I	2
ECN 212	Introduction to Macro Economics I	2
	Total	18
GNS COURSES
GNS 211	French/Arabic for Beginners III	1
GNS 212	Use of English III (Reading Skills)	2
GNS 213	Sociology of Nigerian People & Culture II	1
GNS 214	Introduction to Philosophy & Logic	1
	Total	5
ELECTIVE:  ANY ONE OF THE FOLLOWING
HIS  219	History of Nigerian Armed Forces	2
PDS 231	Theories of War and Military Strategies	2
PDS 217	Theories of Peace & Peace Study	2
Total		2 (25)
SECOND SEMESTER
ACC 221	Financial Accounting and Reporting II	3
ACC 222	Introduction to Costing & Mgt. Accounting II	3
ACC 223	Foundation course in entrepreneurial studies	2
ACC 224	Commercial Law II	2
ACC 225	Statistics II	2
ACC 226	Business Mathematics II	2
ECN 221	Micro Economics II	2
ECN 222	Macro Economics II	2
Total		18
GNS COURSES
GNS 221	French/Arabic for Beginners IV	1
GNS 222	Use of English IV (Reading Skills)	2
GNS 223	Sociology of Nigerian People & Culture II	1
GNS 224	Introduction to Philosophy & Logic	1
	Total	5
ELECTIVE:  ANY ONE OF THE FOLLOWING
HIS  228	Regional Integration in Africa	2
PDS 228	Introduction to comparative politics	2
Total		2 (25)
Grand Total		50
300 LEVEL - FIRST SEMESTER
ACC 311	Intermediate Financial Accounting and Reporting I	3
ACC 312	Cost Accounting I	3
ACC 313	Taxation I	3
ACC 314	Company Law	2
ACC 315	Management Theory & Practice	2
ACC 316	Quantitative Techniques	2
ACC 317	Production Management I	2
ACC 318	Public Finance	2
ACC 319	Entrepreneurial Development I	2
ACC 331	Research Methods	3
	Total	24
GNS COURSES
GNS 312	General Psychology	1
GNS 314	Introduction to History & Philosophy of Science	1
	Total	2
ELECTIVE:  ANY ONE OF THE FOLLOWING
PDS 311	Nigerian Defence and Foreign Policy	2
ECN 331	Operation Research	2
Total		2 (28)
SECOND SEMESTER
ACC 321	Intermediate Financial Accounting and Reporting II	3
ACC 322	Cost Accounting II	3
ACC 323	Taxation II	3
ACC 324	Company Law & Accounts of Bankruptcy, Executorship & Trust	2
ACC 325	Marketing Management	2
ACC 326	Entrepreneurial Development II	2
ACC 327	Production Management II	2
ACC 328	Oil & Gas Accounting	2
ACC 329	Analysis for Business Decisions	2
	Total	21
GNS COURSE
GNS 322	Military Psychology	1
	Total	1
ELECTIVE:  ANY ONE OF THE FOLLOWING
PDS 321	Politics of Development & Underdevelopment	2
PDS 326	Political Economy of Defence	2
PDS 328	Military & Society	2
ECN 341	Decision Theory & Military Games	2
	Total	2 (24)
Grand Total		52
400 LEVEL - FIRST SEMESTER
ACC 411	Advanced Financial Accounting & Reporting I	3
ACC 412	Management Accounting I	3
ACC 413	Public Sector Accounting I	3
ACC 414	Financial Management I	3
ACC 415	Auditing & Investigations I	3
ACC 416	International Accounting I	3
ACC 417	Management Information System	3
Total		21
SECOND SEMESTER
ACC 421	Advanced Financial Accounting & Reporting II	3
ACC 422	Management Accounting II	3
ACC 423	Public Sector Accounting II	3
ACC 424	Financial Management II	3
ACC 425	Auditing & Investigations II	3
ACC 426	International Accounting II	3
ACC 427	Business Policy and Strategy	3
ACC 499	Research Project	6
Total		27
Grand Total		48

 

1. COURSE DESCRIPTION

 

100 LEVEL

FIRST SEMETER

 

ACC 111 – INTRODUCTION TO FINANCIAL ACCOUNTING AND REPORTING I

History and development of accounting discipline, Nature, scope  and purpose of Accounting, Functions of Accountants, Accounting Equation, Accounting principles- concepts and convention, Accounting practices, Accounting procedures and system, Accounting Models/Golden rules, Theory and mechanics of double entry system, Books of original entry - Journals, Books of Account: Cash book and ledger; petty cash book and imprest system, Bank reconciliation Statements and adjustment of cash books, Trial balance-errors and their corrections, Preparation of simple final Accounts.

 

ACC 112 – INTRODUCTION TO FINANCE I

Principles of finance and their application to typical financial problems of enterprises. Special emphasis on financial analysis, management of working capital, cost of capital, capital budgeting, long-term financing, dividend policy and internal financing. Nature and Scope of Finance: Meaning of Finance; The finance Function; Financial Planning; Financial Control; Financial Decisions; Investment decisions; Management of income and dividend decision; Incidental function; Goals of the Firm; Profit Maximization; Wealth Maximization; Finance and Related Disciplines; Accounting; Economics; Taxation; Operations Research; Production and Marketing; The Role of Financial Managers; Forecasting of Cash Flow; Raising Funds; Managing the flow of Internal Funds; To Facilitate Pricing of Products, Product Lines and Services; Finance Decisions and Risk Return Trade off; Financial decisions; Investment decisions; Financing decisions; Dividend decisions; Liquidity decisions; Relationship of Financial Decisions; Factors Influencing Financial Decisions: External factors; Internal factors.

 

ACC 113 – INTRODUCTION TO MATHEMATICS FOR SOCIAL SCIENCES I

Mathematics and symbolic logic. Inductive and Deductive systems. Concepts of sets. Mappings and Transformation. Introduction to complex numbers. Introduction to vectors: Matrix and Determinants. Discrete and continuous variables. The straight line in various forms. The circle. Trigonometric functions. Logarithmic functions. Exponential functions.

 

ACC 114 – INTRODUCTION TO MANAGEMENT

Nature of Management: Management define, principles of management, the management process, scope of management, managers and their functions, development of management theories, contemporary management challenges. Planning and Decision Making: nature of planning, goal setting and the planning process, Organizational planning, tactical planning, Operational planning, Nature of decision making, Decision making process, Approaches to decision making. Organizing Process: Elements of organizing, Designing jobs, Grouping jobs, reporting relationships, Authority. Leadership: Meaning of leadership, Theories of leadership skills, Leadership styles. Individuals in organization, Employment motivation, Leadership and politics in organization, The Controlling Process: Nature of control in organization, purpose of control, Types of control, Managing control in organization, Management challenges in Nigeria.

 

 

 

ACC 115 -INTRODUCTION TO MARKETING

Introduction to Marketing; definition of marketing; principles of marketing; introduction to marketing management; marketing organization and marketing environment.

 

 

ECN 111 – PRINCIPLES OF ECONOMICS I

The basic problem of scarcity and choice. Methodology of Economic Science. General principles of resource allocation. The concepts of optimality and equity. Equilibrium and disequilibrium. Micro-economics versus Macro-economics. Demand, Supply and Price. Types of resources allocation decision. Method of resource allocation in an economy. Theory of the firm. Introduction to welfare economics.

 

GNS COURSES

GNS 111         -           French/Arabic for Beginners I

GNS 112         -           Use of English I (Listening & Speaking Skills)

GNS 113         -           Elements of Civic Education I

GNS 114         -           Introduction to Computer

GNS 115        -           Use of Library

 

SECOND SEMESTER

ACC 121 – INTRODUCTION TO FINANCIAL ACCOUNTING AND REPORTING II Review of ACC 111, Final accounts with adjustments such as Accruals and Prepayments, Classification of expenditure between Capital and revenue, Depreciation and Methods of its provision, Stocks: methods of valuation, Preparation of Statement of income, Assets and Liabilities of Sole Trader with adjustment.

 

ECN 121 – PRINCIPLES OF ECONOMICS II

Introduction to Macro-economics. National income determination. The public sector in the national economy. Macro-economic policy objectives and instruments. Introduction to Money and Banking. Introduction to economic growth and development. Trade politics with particular reference to Nigeria.

 

ACC 122 – INTRODUCTION TO FINANCE II

Financial statements basics, cash flow. Analysis of financial statements. Time value of money. Discounted cash flow valuation. Interest rates and bond valuation. Equity markets and stock valuation. Net present value and investment criteria. Capital investment decision-making. Capital market history, efficient market hypothesis. Risk and return. Cost of capital. Leverage and capital structure. Dividends and dividends policy and raising capital. Finance in the Organization Structure of the Firm. Basic forms of Business Organizations: Sole Proprietorship; Partnership; Corporation. Sources of Business Finance: Business Loan; Small Business Grants; Invoice Finance or Factoring; Crowd Funding; Angel Investors; Bootstrapping. Introduction of Financial Analysis; Profit Planning; Cost-Volume Profit Analysis; Basic Cost- Volume Formula; Contribution Margin and Contribution Margin Ratio; Breakeven Point of Sales; Financial Forecasting ;Concepts and Tools and Problems. Current Issues of Finance.

 

ACC 123 – INTRODUCTION TO MATHEMATICS FOR SOCIAL SCIENCES II

Maxima, minima and points of inflexion. Integral calculus. Integration by substitution and by parts. Expansion of Algebraic functions. Simple sequences and series.

 

 

ACC 124 – BUSINESS COMMUNICATIONS

This course is designed to give students a comprehensive view of communication, its scope and importance in business, and the role of communication in establishing a favorable outside the firm environment, as well as an effective internal communications programme. The various types of business communication media are covered. This course also develops an awareness of the importance of succinct written expression to modern business communications.  Some of the topics to be covered include: Facing Today's Communication Challenges, Writing for Business Audiences, Improving Writing Techniques, Revising and Proofreading Business Messages, E-Mail and Memorandums, Routine Letters and Goodwill Messages, Persuasive Messages, Negative Messages, Informal Reports and Proposals and Informal Reports.

 

GNS COURSES

GNS 121         -           French/Arabic for Beginners II

GNS 122         -           Use of English I (Study Skills & Grammar)

GNS 123         -           Element of Civic Education II

GNS 124         -           Computer Applications/ICT

 

200 LEVEL

FIRST SEMESTER

 

ACC 211: FINANCIAL ACCOUNTING AND REPORTING I

Review of ACC121; Control Account, Joint Venture Accounting (IAS 28 & 31), Consignment Accounting, Container Accounting, Royalties Accounting, Bills of Exchange, Insurance Accounts, Contracts Accounts (IAS 11); Preparation of account from incomplete records, Accounts for non-profit making organizations; Introduction to Partnership Accounting including share of profit or loss, Interest on capital, interest on loan and simple final Accounts.

 

ACC 212 – INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING I

Nature, Scope and functions of cost and management accounting; differences between cost accounting, management accounting and financial accounting;  the principles underlying the preparation and presentation of cost accounts for various types of business. The different meaning of costs, viz: Sunk cost, standard cost, marginal cost, average cost, etc. The framework of cost and management accounting, classification and coding.

 

ACC 213 – INTRODUCTION TO BUSINESS

The scope of business: the character of business from social, legal and economic perspectives a brief overviews of selected schools of management authority relationship in organization, marketing, production, finance and accounting function, government and business.  The social responsibility of business, international business.  Problems of Nigerian business and attempt by government to solve them.

 

ACC 214 – COMMERCIAL LAW I

The Nigerian Legal System, sources of Nigeria law, division of powers between the Federal and State Governments, status law (its legislations and interpretations, history and development of common law and equity laws), hierarchy of Nigerian law courts, main law officers, distinction between civil and criminal liability the nature of tort, the basis and extent of liability in tort, remedies, the difference between real and personal property and the various types of interest in their legal person, corporate personalities of the doctrine of ultra view of contract, law of commercial agency.

 

ACC 215 – STATISTICS I

Nature of statistics, statistical inquiries, forms and design, The role of statistics, Basic concepts in statistics, Discrete and continuous variables. Functional relationships, Sources of Data, Methods of collecting primary Data, Presentation of Statistical Data, Measures of central tendency, measures of dispersion, moments, skewness and kurtosis.

 

ACC 216 –BUSINESS MATHEMATICS I

Set theory; Probability theory; Linear Algebra; Matrices; Mathematics of Finance (Simple Interest, Compound Interest, Annuities, Discounting & Compounding, Amortization, Sinking fund,); Mathematics of Business Risks – Expected Value, Standard deviation as tool for measuring risk, Simulation e.t.c.

 

ECN 211 – INTRODUCTION TO MICRO ECONOMICS I

What is micro- economic? The deductive methodology of micro-economic. The purpose of micro economics. The types of micro-economics. The assumptions of microeconomics. Neo –classical theory of consumption :utility function ,total utility and marginal utility, ual marginal utility and price. microeconomics analysis: short and long run analysis, static and dynamic analysis, partial equilibrium analysis. Theory of equilibrium and supply. Resource allocation and functions of price.

 

ECN 212 – INTRODUCTION TO MACRO ECONOMICS I

Introductory course providing a general understanding of basic macro-economic concepts. Specifically, it acquaints the beginning student with an appreciation of the functions of economic systems, including various approaches to the organization of production and allocation of resources, and of policies to achieve national economic goals. These include the determination of national income, inflation, recession, unemployment, taxation, labor unions, environmental pollution, energy and economic growth.

 

GNS COURSES

GNS 211         -                       French/Arabic for Beginners II

GNS 212         -                       Use of English III (Writing Skills)

GNS 213         -                       Sociology of Nigerian People & Culture I

 

ELECTIVE: ANY ONE OF THE FOLLOWING

HIS 219          -                       History of Nigerian Armed Forces

PDS 211          -                       Theories of War

PDS 217          -                       Theories of Peace & Peace Study

 

SECOND SEMESTER

 

ACC 221 – FINANCIAL ACCOUNTING AND REPORTING II

Accounting for specialized business: Trustees, Estate agencies, Farmers (IAS 41), Investment, Leasing (IAS 17), Solicitors, Underwriters, Unit trust, Voyage, Cooperative societies, Stock brokerage, and property companies. Sinking funds Accounts; Conceptual framework for financial accounting; Study the principles of small and medium scale Entities, Guidelines on Accounting (SME GA) level 3.

 

 

 

 

ACC 222 – INTRODUCTION TO COST & MGT, ACCOUNTING II

Cost accounting for material, labour, overheads and equipment.  Elements of marginal costing.  Standard costing and budgetary control.  Cost control.  Nature and uses of accounting ratio.  Some current problems and issues. The element of cost and classification of cost; Processes of material purchasing, Receptive and storage, store recording and inventory control: material pricing issues and stocks: Labour remuneration methods, Recording, Costing and allied procedures.

 

ACC 223 – FOUNDATION COURSE IN ENTREPRENEURIAL STUDIES

The nature and importance of entrepreneurship; forms of entrepreneurship; the entrepreneurial process; the entrepreneurial mind; creativity, ideas and innovation; screening entrepreneurial opportunities; identifying resources to support entrepreneurial activities; intellectual property issues; accessing finance and other resources; the entrepreneurial team; assessing risk; business structure and ethics; entrepreneurial strategy; finding and reaching customers and marketing innovation; feasibility planning.

 

ACC 224: COMMERCIAL LAW II

Sale of goods, carriages goods, negotiable instruments, hire purchase and installment purchase, suretyship and guarantees, pledge, tort, exchange control. Law of Contracts: Commercial Contract, Commercial Relations between persons, Unfair Competition. Hire PurchaseNegotiable Instruments; Passing off and Trade Libel.

 

ACC 225 – STATISTICS II

Elementary probability theory, estimation, theory, student’s t-distribution, statistical decision theory, test of hypothesis for small and large samples, chi-square distribution and test of fit, linear regression theory, correlation theory, index numbers, time series and analysis of time series, mathematical expectations, the binomial distributions, Poisson distribution.

 

ACC 226 – BUSINESS MATHEMATICS II

Differential Calculus: Principles & Applications; Integral Calculus: Principles & Applications; Applications of matrix for solving business related problems; Linear programming and its application; Simultaneous and sensitivity analysis; Introduction to portfolio analysis.

 

ECN 221 -MICRO ECONOMICS II

In the course of Microeconomics II, students are expected to deepen their understanding of basic concepts, add further tools of analysis and develop their skills in applying theory to economic problems. The course pays special attention to problems of uncertainty, inter-temporal choice, general equilibrium and efficiency, asymmetric information and public choice.

 

ECN 222: MACRO-ECONOMICS II

Domestic economic stabilization, monetary and fiscal policies, price control and inflation.

 

GNS COURSES

GNS 221          -         French/Arabic for Beginners IV

GNS 222          -         Use of English IV (Reading Skills)

GNS 223          -         Sociology of Nigerian People & Culture

GNS 224          -         Introduction to Philosophy & Logic

 

 

ELECTIVE: ANY ONE OF THE FOLLOWING:

HIS 228          -                       Regional Integration in Africa

PDS 226          -                       Comparative Defence Policy

 

300 LEVEL

FIRST SEMESTER

 

ACC 311 – INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING I

Review of ACC 221, Departmental Accounts and Branch Account (Home and foreign) IAS 21 Effects of changes in foreign exchange rates, Hire purchase accounting, Goods on sales or returns, Company Accounting- including statutory books and returns, pre-incorporation profit, post incorporation profit and formation expenses, Issue of shares and Debentures, Redemption of shares and debentures, Final accounts , Accounting policies, changes in accounting estimates and errors (IAS 8), Events after reporting period (IAS 10), Treatment of taxation in accounts including deferred taxation (IAS 12).

 

ACC 312 – COST ACCOUNTING I

A review of history;  principles and objectives (in terms of users) of cost accounting information. Preparation and presentation of cost accounting information for various users and levels of management as well as various types of business: Accounting for overheads, marginal costing and Absorption costing, cost behavior and cost estimation; introduction to costing methods.

 

ACC 313 – TAXATION I

Nigerian system of income tax administration: structure and procedures, returns, assessments and objections, appeal, remittances, collection with reference to all necessary legislations. Objectives and function of taxation: Pre and Post colonial tax administration in Nigeria. Personal income tax: the law and practice of income tax relating to individuals, employment income, basis of assessments, settlements, trusts and estates, Offences and penalties. Direct assessment: Sole traders and Partnership assessments - treatments of losses; computation of assessable income;   commencement and cessation of trade or business. Computation of tax loss relief and capital allowance.

 

ACC 314 – COMPANY LAW I

Introduction to Company Law; Concept and types of Companies; Formation, Procedure and Documentation of company, Issues and Transfers of Shares and Debentures; Company meetings and Resolutions; Appointments and Duties of officers: Directors, Secretary, Auditors etc; Prospectus and Statutory Books; Powers and Duties of Liquidators; Disclosure in Corporate Accounts, Reconstruction, Amalgamation and Takeovers; Company and Allied Matters Act 1990 as Amended; Introduction to Tax Law.

ACC 315 – MANAGEMENT THEORY & PRACTICE

Theories and principles of organizational structure. Relationship between organization objectives and structure.  Centralization, decentralization, line and staff relationships, determinants of organization structure, organizational change.  The social theory of the firm, formal and informal organization, leadership motivation, attitudes and values of management in Nigerian intergroup relations.

 

 

 

 

ACC 316 – QUANTITATIVE TECHNIQUES

Algebra and geometric model: including their uses in representing accounting, economic and business concept; Investment marketing and primary models; Breakeven analysis; -Cost and revenue functions; Linear programming; Dimension theory, Inventory control; Mathematic programming; project network analysis; Replacement theory; Queue theory, learning curve theory; Marko chains; Optimization technique; Financial models, Games theory.

 

ACC 317 PRODUCTION MANAGEMENT I

The main objective of the course is introduce students to production management as a strategic function of business as well as get them to appreciate essentials of production and operation management. Emphasis will be placed on theoretical and analytical skills in production management. Other issues to be covered include production system and types; Role of production management; Product and service design; Plant location, layout and operation; Techniques for planning and location analysis such as factor rating method, transportation model, centre of gravity method, assignment model and multiple criterial method. It introduces the students to topics such as Productivity Analysis, Forecasting Techniques, Regression and correlation analysis, Inventory models techniques and project management analysis. It also allows more emphasis on computer solutions with excel spreadsheets.

 

ACC 318 – PUBLIC FINANCE

Nature, Scope and functions of public finance; Fiscal policy: Instruments for fiscal policy; objectives of fiscal policies in Nigeria; Incidence and effects of taxes: Incidence of commodity taxation; factor determining the incidence of commodity tax under perfect competition; Meaning of revenue: Sources of government revenue; Structure of government expenditure: meaning of public expenditure, financing of public expenditure, basic functions of government expenditure, guiding principles of public expenditure, impact of government expenditure, purpose of government expenditure; Theory of Income Determinations: Circular flow of income; Concepts of Savings, Investment and Consumption, Relationship between income Consumption, savings and investment, the concept of multiplier, Equilibrium level of National Income.

ACC 319: ENTERPRENEURAL DEVELOPMENT I

This course is designed to help students evaluate the business skills and commitment necessary to successfully operate an entrepreneurial venture and review the challenges and rewards of entrepreneurship. Students will learn about themselves, their decisions, and their goals to determine how entrepreneurship can play a role in their lives. Students will also be introduced to entrepreneurship from an economic perspective and the concepts of environmentally sustainable practices and social entrepreneurship. Opportunities in entrepreneurship, the basic characteristics required for successful performance as an entrepreneur, nature and function of entrepreneurs, types, roles demands identification and evaluation of business opportunities, feasibility study. The following topics will be covered: The role of entrepreneurship and small business in Nigeria. The Small Business Decision; Personality characteristics of successful entrepreneurs; - Individual assessment of interests, skills, and personality traits; Is entrepreneurship a good fit for you; Advantages and disadvantages of small business ownership; Evaluation of a New Business Opportunity; Critical factors for success; Sources of ideas for new ventures; Researching the opportunities; Screening the opportunities; Import/Export and Licensing opportunities, and their implementation requirements; Preparing for Small Business Ownership; Sources of funding; Sources of support and resources; Developing the Business Plan

 

ACC 331 – RESEARCH METHODS

Definition; nature, types and goals of research; Scientific Method of Research, Stages in the Scientific Method; Research Design and Methods; Research Proposals; Formulation and Test of Hypothesis; skills of Scientific Investigation: Sampling and Randomness; Data Gathering/Data Collection Techniques: Instrument and Measurement, Reliability and Validity Test; Data Processing Techniques, Analysis and Interpretation in dealing with business and organizational behavior problems in Nigeria: overview of statistical methods, multivariate statistical procedures, use of statistical packages for Data analysis; Guidelines for writing and evaluating research term papers, proposals, projects, theses or dissertations; Technicality of Research Report Writing.

 

GNS COURSES

GNS 312         -                       General Psychology

GNS 314         -                       Intro to History & Philosophy of Science

 

ELECTIVE: ANY ONE OF THE FOLLOWING:

PDS 311          -                       Nigerian Defence & Foreign Policy

ECN 331         -                       Operation Research

 

SECOND SEMESTER

ACC 321 – INTERMEDIATE FINANCIAL ACCOUNTING AND REPORTING II Review of ACC 311, Advanced partnership account including admission, changes, retirement, death of partners, Treatment of goodwill, dissolution of partnership, Conversion of Partnership accounts to limited liability Company and Amalgamation of partnership, Accounts of property companies, Accounts for Business Combinations (IFRS 3).

 

ACC 322 – COST ACCOUNTING II

Costing methods – Job and Batch costing, contract costing, operation and service costing, process costing, joint and by product costing, forecasting, Budgeting system, cash budget and working capital, cost volume profit (CVP) analysis, introduction to decision making techniques i.e. Short-Run Decision making, Standard Costing and Budgetary control, Variances and Variance Analysis; Quantity, rate efficiency variance analysis.

 

ACC 323 – TAXATION II

Company’s tax - the principles and scope of company tax: Educational tax; The small company provisions including definition, computations and exemptions: Tax incentives, tax avoidance, tax planning and tax evasion: capital transfer, tax transfer, inter-vivo and transfer on death and computation of transfer: Pioneer legislation, tax audit and investigation, Transaction taxes: Value Added Tax, Withholding tax and stamp duties. Petroleum profit Tax – overview, nature, scope and computation; Transfer tax;  Double taxation; Taxation of specialize businesses-  Real estate, agriculture, Transportation and telecommunication, taxation of enterprises in free trade zones.

 

ACC 324 – COMPANY LAW & ACCOUNTS OF BANKRUPTCY, EXECUTORSHIPS & TRUST

The Bankruptcy Act of 1979; -Concept of Bankruptcy; Act of Bankruptcy; Bankruptcy Proceedings – (a) Bankruptcy Petition (b) Receiving order; (c) Appointment and Powers of Official Receiver and Trustee (d) Composition and Schemes of Arrangement (e) Proof and Debt (f) Adjudication and Discharge of the Bankrupt;  Statement of Affairs and Deficiency Accounts; Executorships Law, Wills and Letters of Administration; Powers and Duties of Executors, Administration and Distribution of Estate etc; Trusteeship Law: Appointment, Duties, Obligations, Accounts and Termination of Trust. 

 

ACC 325 – MARKETING MANAGEMENT

Application of the fundamental principles of management to the marketing function.  The organization, planning, control & coordination of the marketing function.  Organisation of the marketing plan; coordination and interaction of the whole marketing function (product, physical distribution, pricing and promotion), marketing and social responsibility, consumer behaviour, etc.

 

ACC 326 – ENTREPRENEURAL DEVELOPMENT II

Feasibility study, financial and managing growth entrepreneurial firms: negotiations, succession, socio-cultural constraints theories of entrepreneurship. Marketing Your Business (Advertising, Printing Business Cards & Set Marketing Goals). Hiring Employees and Managing a Staff (Hiring Employees & Managing a Staff). Record Keeping and Accounting (Record Keeping System, Basic Recording Keeping/Accounting & Tracking Inventory). Financial Management (Managing Cash & Looking at Financial Performance). Using Technology (Technology Needs of a Business, Internet Usage and Purchasing Equipment). Meeting Legal, Ethical, and Social Obligations (Ethical Issues in Business and Social Responsibilities). Growth in Today’s Marketplace (Strategy for Growth, Trends in the Marketplace and International Business Culture)

 

ACC 327 PRODUCTION MANAGEMENT II

This course examines the functional area of production and operations management in the manufacturing industry. Topics include decision-making, operation scheduling; capacity planning, aggregate planning, project planning and network analysis with critical path method and PERT; forecasting and production analysis including time series and regression analysis, inventory management, distribution planning, materials requirements planning (MRP), project management and quality control objectives and procedure; production facilities and maintenance.

 

ACC 328 – OIL & GAS ACCOUNTING

Introducing the Nigerian Petroleum Industry.  The differences between the downstream and upstream sectors of the industry.  An overview of downstream operations in Nigeria.  Accounting principles, Practices and procedures relating to various phases of oil and gas operations.  Accounting for Crude Oil Refining Petrol-Chemical Operations and Liquefied Natural Gas Operations.  The Accountant role in Managing the Downstream Sector.  Petroleum Producing Pricing and Marketing.  Estimating reserves and values.  The concept of fair value in oil and gas accounting.  Types of operating contract in the Nigeria Petroleum Industry – Joint Ventures (V), Production Share Contract (SC) and Service Contracts (SC).  Financial and Fiscal Monitoring Mechanism.  Accounting Standards and Auditing in the petroleum Industry.  Financial Accounting principles followed by oil and gas producers.

 

ACC 329 ANALYSIS FOR BUSINESS DECISIONS

This course is designed to give students a working knowledge of the analytical tools that bear most directly on the economic decisions firms must regularly make. We will emphasize market structure and industrial performance, including the strategic interaction of firms. We will examine the behavior of individual markets -- and the producers and consumers that sell and buy in those markets -- in some detail, focusing on cost analysis, the determinants of market demand, pricing strategy, market power, and the implications of government regulatory policies. We will also examine the implications of economics on other business practices, such as incentive plans, auctions, and transfer pricing.

 

GNS COURSE

GNS 322         MILITARY PSYCHOLOGY

 

ELECTIVE: ANY ONE OF THE FOLLOWING

PDS 321          POLITICS OF DEVELOPMENT AND UNDERDEVELOPMENT

PDS 326          POLITICAL ECONOMY OF DEFENCE

PDS 328          MILITARY & SOCIETY

ECN 341         DECISION THEORY & MILITARY GAMES

 

400 LEVEL

FIRST SEMESTER

 

ACC 411 – ADVANCED FINANCIAL ACCOUNTING AND REPORTING I

Corporate Financial Statements for Publication purposes (IAS 1,IAS 33, IAS 34 & IFRS 13): Statement of profit or loss and other comprehensive income, Statement of Financial Position, Statement of Changes in Equity, Cash flow statement (IAS 7),  Theoretical and regulatory framework of Consolidated Accounts (IFRS 10, IAS 27); Presentation of consolidated Accounts, elimination of intra-group balances and profits on intra-group transactions, the treatment of non-controlling interest and cost of control, Treatment of dividends for consolidated purposes. 

 

ACC 412 – MANAGEMENT  ACCOUNTING I

This course examines management accounting practices directed towards the effective and efficient use of organizational resources. This includes the design and operation of management accounting systems for planning and control purposes; the use of management accounting practices to support effective resource management and to achieve process improvement; and the study of behavioral implications of management accounting practices and how the latter are shaped by human processes. Topics include nature, objectives and methods of management accounting, organization of management accounting departments. Cost accounting systems. General principles of costing. Capacity decision using marginal and direct costing, break-even analysis. Behavioral aspects of costs. Elements of cost: fixed, variable and semi-variable cost.

 

ACC 413 – PUBLIC SECTOR ACCOUNTING I

Introduction of public sector accounting: meaning and concept; Distinction between public and private sectors; Basic of accounting for Not-For-Profit(NFP): classification of NFP; Basic characteristics of governmental accounting; Structure of Governmental Accounting in Nigeria: The Treasury, Audit Department and it use; Consolidated Revenue Fund; Capital and Development Fund

ACC 414 – FINANCIAL MANAGEMENT I

The nature, Scope and purpose of financial management; Sources and cost of short, medium, and long-term finance; Sources and problems of new financing; Capital budgeting; Management of working capital.

ACC 415 – AUDITING & INVESTIGATIONS I

Nature and purpose of audit; -Classes of and approach to audit; The role of internal and external audit; Auditor: reporting responsibilities, appointment, resignation and termination; -The concept of ‘true and fair view’ and independence of auditor; Relationship of auditors and directors, stakeholders and financial statement users; Audit planning- initial review of accounting system; evaluation of internal control system and procedures; Development of audit programme; Audit procedures –vouching of account, verification of assets and liabilities, sampling technique, flow charting, stocks taking procedures, letter of representation

 

ACC 416 – INTERNATIONAL ACCOUNTING I                             

Historical Background to International Accounting; The Concepts of International Accounting and Universal Accounting; World Wide Accounting Diversity; Problems Caused by  Accounting Diversity; Accounting Clusters; International Accounting Organizations (IASC, IASB, IFAD); Major Issues in Financial Reporting by MNES ( IAS 18, IAS 20, IAS 32, IAS 37, IAS 38, IAS 39, IAS 41and etc); (a) Assets recognition and measurements (b) Financial Instruments (c) Provision (d) Employee benefits (e) Deferred Tax assets (f) Revenue Recognition (g) Comprehensive Income; International Accounting Standards not covered by IFRS; Other emerging IFRS

 

ACC 417 – MANAGEMENT INFORMATION SYSTEM

Introduction to and fundamentals of data processing – brief history and conventional data processing methods; manual methods and mechanized methods. Classification of systems and their relative merits.  Closed loop and open loop systems; Effect on time-lag, total system approach and objectives. Total systems and sub-systems. Data Processing and Management Information System (MIS). The organization of MIS including the use of mechanical and electronic accounting machines, flow carting and the principles of systems 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 the 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) methods: batch processing, real time processing and the management of EDP. Business systems hierarchical structure of organizations. The sub-optimization issue. Database systems; Networks; The Internet and World-Wide Web; Acquiring Management Information Systems; Developing Management Information Systems; MI Systems; Development Methodologies and MI Systems Security.

 

SECOND SEMESTER

 

ACC 421 – ADVANCED FINANCIAL ACCOUNTING AND REPORTING II

Review of ACC 411, Accounting Problems of group companies including multinationals, Takeovers, mergers, Reconstructions, Reorganization, Associated companies, Accounting for Acquisitions and mergers.   Accounting for foreign Operations, Foreign branches, Affiliates, Methods of conversion etc., Valuation of shares and businesses, Going concern and break-up basis, Bankruptcy and insolvency: Requirements of the statute and Accounting for Bankruptcy and insolvency, Accounting for specialized transactions: Investments and securities, and pension fund (IAS 26), Accounting for Banks and insurance industries, with special reference to relevant legislations, Interpretation of financial statements: Ratio analysis for working capital and statements of Cash flows; and objectives of Disclosure. Accounting theory relating to incomes, depreciation, inventory valuation, goodwill, Research and Development and other deferred revenue, expenditure, consistency, comparability, flexibility etc.

 

ACC 422 – MANAGEMENT ACCOUNTING II

This course is aimed at getting cadets to develop the ability to collect, analyze, and communicate quantitative and non-quantitative information to assist management in making more effective planning and control decisions. Topics include the changing role of management accounting and basic concepts; product costing and cost accumulation; process costing and hybrid product costing systems; activity-based costing and activity-based management; activity analysis, absorption and variable costing; profit planning and activity-based budgets; standard costing and flexible budgeting; cost management tools; and decision making. Budgets, Budgeting and Budgetary Control. Preparation of master budget and subsidiary budgets including cash budget. Application qualitative techniques e.g., statistical methods such least squires, standard definition, correlation regression etc. Capital investment appraisal techniques. Measurement of divisional performance and control including behavioural aspects of accounting.

 

ACC 423 – PUBLIC SECTOR ACCOUNTING II

Financial Accounting and Analysis: Use of self- accounting system, Fund accounting system, and Standardized uniforms for transactions; Decision making, planning and Control of Public Fund: Application of costing methods; Budgeting processes (IPSAS 24); Accounting for Local Government, Educational and Health institutions; History and Evolution of IPSAS: Meaning, Objective, Scope, Due process; Convergence of IPSAS with IFRS; Detailed studies on IPSAS Reporting.

ACC 424 – FINANCIAL MANAGEMENT II

Analysis and interpretation of basic financial statements; Business mergers and take-over; Dividend policy: determinants and implications; Valuation of shares, assets, and enterprises; Risk of finance, banking systems and industrial finance, mortgage finance; Capital Structure of Nigerian firms.

ACC 425 – AUDITING & INVESTIGATIONS II

Advanced auditing procedures: internal control procedures, organization structures’ Features of internal control, system checking and limitation, Inventory and cash cycle procedure, System design and audit consideration; Audit policy; Audit of group accounting; Assessment of materiality and application of judgment; The post audit client review; The audit of accounts of solicitors and charitable and other non-profit oriented undertakings; Audit of computerized-based accounting system; Investigation for clients prior to investment in and acquisition of business; The audit report: statutory requirements for audit report (CAMA 1990) Types of audit report; Professional requirements, duties and powers under statue and case law, Independence and ethical consideration

 

ACC 426 – INTERNATIONAL ACCOUNTING II

Problems of fluctuating exchange rates.  Accounts for foreign branches and subsidiaries.  The problems of different regulating frameworks and standards in preparation of accounts of multi-national companies.  Inter-governmental national income comparisons.  Project financing institutions like the World Bank, IMF, IPO UNO in different counties.  Investment and closure by present companies methods of transfer of dividends, cost of foreign subsidiaries.  Control problems of foreign companies; methods of transfer of dividends, cost of foreign products, funds for foreign directors etc. Treatment of International Accounting Standards (IAS): Foreign Currency Translation IAS 21, Preparation, Translation and Analysis of Financial Statements of Multinational Companies IAS 21; Additional International Financial Reporting Issues: (a) Inflation Accounting IAS 29, (b) Segment Reporting –IFRS 8; Accounting and Control Problems of Foreign Companies; Method of Transfer of Dividends; Cost of Foreign Products, funds for directors etc.

 

ACC 427 – BUSINESS POLICY AND STRATEGIC MANAGEMENT

This course gives an overview of all essential aspects of business policy and strategic management. The intention is to provide students with strategy insights; reflect on strategic dilemmas; and practice strategy tools to enable students to become strategic thinkers. The course will cover strategy analysis, formulation of strategies at different levels of the organization, and strategy implementation. The course will also reflect on the purpose of organizations, their governance, and their role towards shareholders, stakeholders and society in general. Topics covered include: Strategy and the quest for competitive advantage; Strategic intent and strategy formulation; Strategic analysis; Analyzing company’s external environment; Corporate portfolio analysis; Generic competitive Strategies; Grand Strategies; Tailoring strategy to fit specific industry; Strategy Implementation; New business models and strategies for internet economy; behavioural issues in strategy implementation; Functional issues in organizations; and Strategy Evaluation.

 

ACC 499 – RESEARCH PROJECT

Developing student skills in analyzing and writing reports based on a empirical or library study of a specific study of a specific subject matter or topic in relevant administration or management studies.  Students would present a research-based report of not less than 2,000 words at the end of the session.