Crawford University
STUDENTS’ HANDBOOK (2011 - 2013)
COLLEGE OF BUSINESS AND SOCIAL SCIENCES
ACCOUNTING
PROGRAMME
A Publication of Crawford University
P.M.B. 2001, Crawford University Km 8, Ota – Atan - Agbara Road Faith City, Igbesa, Ogun State Nigeria
Copyright ©CRU March 2012
College Colour:
Royal Blue
Cover Designed and Printed by:
Mustard Communication 10 Adeoye Fatore Street,
PAB B/ Stop Ikotun Idimu Road Email [email protected] 080333040269
TABLE OF CONTENTS
Pages
Title Page i
Copyright Page and Publication History ii Table of Contents iii
Addresses iv
Objectives of the University v
Visitor and Principal Officers of the University vii
Foreword viii
Officers of the University ix
Dean’s Remarks x
General Information 1
ADDRESSES
Requests for information regarding the University should be sent to: The Registrar: Crawford University
Faith City, Igbesa, Ogun State.
Postal Address: P.M.B. 2001, Igbesa, Ogun State, Nigeria. Website: www.crawforduniversity.edu.ng E-mail: [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Telephone: Vice-Chancellor: 08056697800 Registrar: 08056697802 Deputy Vice-Chancellor: 08056697805 Dean’s Office: 08056697803
Academic Planning Unit: 08031183200 Public Relations and Information Unit: UNIVERSITY PRO 0803545652 Telephone Room:
VISITOR AND PRINCIPAL OFFICERS OF THE UNIVERSITY
VISITOR
Rev. Emmanuel Adebayo Adeniran
District Superintendent, Apostolic Faith Mission West and Central Africa Headquarters, Lagos
CHANCELLOR
Chief Oludolapo Ibukun Akinkugbe CON
PRO-CHANCELLOR AND CHAIRMAN GOVERNING COUNCIL
Professor Peter Akinsola Okebukola OFR
VICE-CHANCELLOR
Professor Samson Adenola Ayanlaja
B.Sc (Hons Ibadan), MBA, Ph.D (Reading), Cert. Irrig (Israel) DEPUTY VICE CHANCELLOR
Professor Emmanuel Abiodun Fayose
B.Sc, Ph.D (Wales)
REGISTRAR & SECRETARY TO COUNCIL
Mr. Tunde Oluite Adekoya
B.Sc (Hons), M.ILR (Ibadan), M.PP (Ogun), MNIM, AIPM UNIVERSITY BURSAR
Rev. Elijah O. Ajayi
FCA, ACMA
UNIVERSITY LIBRARIAN
Mr. Thomas Akinbayo Adigun
OBJECTIVES OF THE UNIVERSITY
Crawford University, was established in 2005, Seven years after, the University is manifesting the dream of its founding fathers, put together in form of the objectives of the University:
The objectives of the University are:
• To give the opportunity of acquiring a higher education to all;
• To provide relevant courses of instruction and other facilities for the pursuit of learning in such branches of knowledge as the University may desire to foster and in so doing make those facilities available on proper terms to such persons as are equipped to benefit from them;
• To promote scholarship and encourage the advancement of learning;
• To conduct relevant research into human problems and their alleviation;
• To relate its activities to the social, cultural and economic needs of the people of Nigeria in particular, and the world in general,
• To undertake any other activities appropriate for a University of high repute, and
• To produce well-rounded graduates, who will be academically sound, creative, with good morals and the fear of God.
OFFICERS OF THE COLLEGE
DEAN Prof Olusola Ojo B.A., M.Sc, PhD
COLLEGE OFFICER/ASST REGISTRAR Mr. Oni Ogunleye Kolawole
M.Ed, B.Ed, Dip Ed
SECRETARY TO THE DEAN Mr. Sunday Ogunkorode
NCE, Dip in Computer Studies, WASC
OFFICE OF THE DEAN S/
N NAME DESIGNATION QUALIFICATION
1. Prof. Olusola Ojo Dean PhD, M.Sc., B.A
2. Mr. Sunday Ogunkorode
Personal Secretary NCE, Dip. in Computer Studies, WASC
3 Miss. Victoria Udoh
HEADS OF DEPARTMENTS
DEPARTMENTS HEADS
1. Management Studies Prof. P.O.
Yalokwu
2. Sociology & IRPM Prof
Alaba Simpson
3. Economics, Accounting & Finance Dr. O.J. Macaver
4. Political Science & International Relations Dr. G.L. Adeola
S/ N
PROGRAMMES HEADS QUALIFICA
TIONS
1 Business Administration
Prof P.O. Yalokwu PhD, MBA, B.Ed. 2 Marketing
3 Sociology
Prof. Alaba Simpson PhD, M.A., B.A.
4 Industrial Relations & Personnel Management 5 Political Science &
International Relations Dr G.L. Adeola PhD, M.Sc, B.Sc.
6 Economics
Dr. O. J. Macaver PhD, M.Sc., B.Sc.
7 Accounting
8 Banking & Finance
COLLEGE OFFICIALS S/
N NAME DESIGNATION QUALIFICATION
1. Mr. Ogunleye Kolawole Oni
College Officer M.Ed, B.Ed, Dip Ed 2. Mrs. Temitope
3 Mr. Joseph Majasan Data Processing Officer B.Sc (Computer Science) 4. Mr. Nwabueze Nwankwo
NYSC Member B.Sc. (Agric)
PAST AND CURRENT DEANS OF THE COLLEGE
1. 2005 – 2008 Prof. B. A. Babalola 2. 2008 – 2009 Prof. F. O. Adewunmi 3. 2009 – till date Prof. Olusola Ojo
PAST AND .CURRENT COLLEGE OFFICERS OF THE COLLEGE
1. Mrs. P. A. Ajeyalemi 2008/2009
2. Mrs. C. M. Majasan 2009/2010
3. Mrs. C. G. Ogugua February 2010-September 2010 4. Mr. O. K. Oni September 2010 till Date
FOREWORD BY THE COLLEGE DEAN
The College of Business and Social Sciences was one of the two Colleges the University started with in October 2005. The programmes in the College were grouped under two Departments, Social Sciences and Administration.
When the University started, there were only 156 students in all the programmes in the College. This has increased to 915 during the current session. At the beginning of 2009/2010 session, the programmes in the College were arranged into four Departments. These are Economics, Accounting and Finance; Management Studies; Political Science and International Relations; and Sociology and Industrial Relations and Personnel Management. Our Programmes are regularly updated to take account of new innovations and developments in the various disciplines.
The College currently runs B.Sc Degree programmes in Accounting; Banking and Finance; Business Administration; Economics; Industrial Relations and Personnel Management, Marketing; Political Science and International Relations; and Sociology.
The College has now graduated three sets of students. Many of our graduates are establishing themselves and are making waves in their various chosen careers. Some are pursuing postgraduate programmes in reputable Universities in Nigeria, Europe North America and South America. We intend to run postgraduate programmes in some disciplines as soon as the University enters into its second phase of the development
GENERAL INFORMATION
1. Historical Background
The College of Business and Social Sciences was established at the inception of Crawford University in October 2005. Currently, the College runs four departments viz:
i. Department of Economics, Accounting and Finance
ii. Department of Sociology and Industrial Relations and Personnel Management
iii. Department of Political Science and International Relations iv. Department of Management Studies
All the Departments offer courses leading to the award of B.Sc Degree in all the above mentioned disciplines.
2. Organizational/Administration Structure
The Dean of the College is the administrative Head of the College that exercise general control over the academic and administrative affairs of the College. The Dean is assisted by the Heads of Departments and the College Secretary. The Heads of the departments are responsible through the Dean to the Vice-Chancellor for the smooth running of their Departments.
The College Secretary is the head of all the non-academic staff of the College. He/she is the Secretary to all the College Boards and Committees. He/she also ensures the implementation of their decisions and directives. Also, he/she ensures the proper organization of the students’ records in the Dean’s office.
Students in the College organize academic and social activities under the aegis of the Students’ Association relevant to the academic disciplines in the College. Such association draws its membership from all matriculated students in the particular academic discipline. The Departments also organize career and motivational talks from time to time for the students among other activities
results, academic staff matters, determination of students’ academic standing and welfare, among other issues that might be brought before them from time to time. The Boards and Committees are:
a. College Board
Composition
Vice-Chancellor – Chairman
Dean, College of Business and Social Sciences All Heads of Departments in the College of Business and Social Sciences
All Professors in the College of Business and Social Sciences
One (1) Representative from the College of Natural and Applied Sciences
The Librarian or his/her Representative
College Officer, College of Business and Social Sciences – Secretary
b. College Board of Studies
Composition
Vice-Chancellor – Chairman
Dean, College of Business and Social Sciences All Heads of Departments in the College of Business and Social Sciences
All Coordinators of programmes in the College All full time members of Academic Staff in the College of Business and Social Sciences not below the rank of a Lecturer II
The Librarian or his/her Representative
College Officer, College of Business and Social Sciences – Secretary
c. College Board of Examiners of Business & Social Sciences
Vice-Chancellor – Chairman
Dean, College of Business and Social Sciences All Heads of Departments in the College of Business and Social Sciences
All Coordinators of Programmes in the College All full time members of Academic Staff in the College of Business and Social Sciences not below the rank of a Lecturer II
One (1) Representative from the College of Natural and Applied Sciences
Head, Examinations & Records Division or his/her Representative
The Librarian of his/her Representative
College Officer, College of Business and Social Sciences – Secretary
d. College Review Panel (Academic) Committee
Composition
Dean, College of Business and Social Sciences- (Chairman)
All Heads of Department, Heads of Units All Professors in the College
College Officer – College of Business and Social Sciences – (Secretary)
e. College Seminars Committee
Composition
Nominee of the Dean as Chairman
One (1) Representative from each Department College Officer- Business and Social Sciences- (Secretary)
Programme Coordinators
College Officer, Business and Social Sciences – Secretary
STRUCTURE OF THE COLLEGE
The College has four (4) Departments as listed below: 1. Economics, Accounting and Finance
2. Sociology and Industrial Relations & Personnel Management 3. Political Science and International Relations
4. Management Studies
The following Degrees are awarded:
1. Economics, Accounting and Finance a. B.Sc. Economics
b. B.Sc. Accounting
c. B.Sc. Banking and Finance
2. Sociology and Industrial Relations & Personnel Management a. B.Sc. Sociology
b. B.Sc. Industrial Relations and Personnel Management 3. Political Science & International Relations
a. B.Sc. Political Science & International Relations 4. Management Studies
a. B.Sc. Marketing
b. B.Sc. Business Administration
COLLEGE OF BUSINESS AND SOCIAL SCIENCES
DEPARTMENT PROGRAMMES DEGREE
NOMENCLATURE Economics, Accounting & Finance Accounting, Economics, Banking &Finance B.Sc Accounting B.Sc Banking& Finance B.Sc Economics Management Studies Business Administration Marketing B.Sc Business Administration B.Sc Marketing
Political Science and International Relations Political Science & International Relations B.Sc Political Science& International Relations Sociology & IRPM Sociology & IRPM B.Sc Sociology B.Sc IRPM
PHILOSOPHY AND OBJECTIVES
1. Philosophy
The philosophy underlying the programmes of the College is to produce graduates who are quite knowledgeable and competent to meet the demands of the world’s business, socio – economic and political activities.
2. Objectives
I. To produce graduates who have the ability to understand the basic language of all the disciplines in the social and business environment globally.
II. To produce graduates possessing the intellectual ability to identify and apply the state of art in various disciplines to solve prevailing problems in our economy.
III. To produce graduates who can comprehend, and proffer solutions to the basic challenges confronting the nation.
IV. To prepare the students for career prospects in Industrial Relations, Sociology, Economics, Accounting, Finance, Political Science, Management Studies and Marketing.
ADMISSION REQUIREMENTS COURSE
PROGRAMME
REQUIREMENTS UTME UTME
SUBJECTS SPECIAL CONSIDERA TION OR WEAVER REMARKS Banking and Finance Direct Entry i) Two “A” Level pass in Accounting or Economics and one other subjects ii) NCE with passes at merit level in relevant Subjects iii) ND at credit level UTME Five SSCE credits including English Language and Mathematics & Economics Maths, one Social Science Subject and any other Subject Foundation Exams such as ICAN/Accou nting or ICMA
Economics NCE or Two (A
Level) Passes in Economics any one of Maths, Statistics, Geography, Physics, Agric Sc., Accounting, Business Management, History & Government Five SSCE credit Passes in English Language Maths, Econs, and any two of Arts Social Sciences Subjects Economics Maths and any of Government , History, Geog, Literature in English French and CRK OND Upper Credit in Economics, Marketing Bus. Admin or Banking and Finance
Accounting NCE or Two A Level Passes in including Economics Five SSCE credit passes including English Language Maths, Econs. Econs, Statistics and any other Social Sciences subjects Foundation Programme of Crawford University for Accounting Business Adm./ Marketing NCE or Two (A level) passes including Economics Five SSCE credits passes including English Mathes, Econs Economics, Maths any other from Government , History or Lit-in- English Crawford accepts NCE with Upper credit in Marketing, Bus. Admin, or Banking and Finance Sociology /
IRPM Two A level Passes chosen from Econs, Accounting, Business Management Government, Commerce or Statistic Five SSCE credit passes including English, Maths, Econs, plus any two subjects listed under the Direct Entry Column Mathematics , Economics plus one other relevant subjects Diploma at Upper Credit level in relevant discipline OND/HND not admissible for Direct Entry
Political Science and International Relations
Two or (A) level passes in Government and one other Social Sciences subjects Five SSCE credit passes including English Language History and at least pass in Mathematics Three Art or Social Science subject Crawford accepts NCE with at least Merit OND/HND in relevant subjects not lower than lower credit, Foundation Programme of Crawford University or other University recognize by Senate
ELIGIBILITY FOR ADMISSION
An applicant must have completed 12 years pre-tertiary education i.e. someone who has finished six years of Primary School, three of Junior Secondary School (JSS) and three in the Senior Secondary School (SSS) in the Nigerian Educational System or to possess equivalent/superior credentials. In addition, applicants must take the mandatory University Matriculations Examination (UME)
ADMISSION REQUIREMENTS
B.Sc. ADMISSION REQUIREMENTS
1. UME Admission: Candidates for admission into the four year degree programme should possess a Senior Secondary School Certificate Examination or National Examination Council or their equivalents with at least five credit passes of which must include English Language, Mathematics and Economics; the other remaining two credits required for registration are determined by the department.
2. Direct Entry: Candidates for direct entry admission shall possess 5 credit passes in the Senior Secondary School Certificate or General Certificate Examination or their equivalents of which at least 2 shall be at the Advanced level or 4 credit passes of which at least 3 shall be at the Advanced level provided that such passes are not counted at both levels of the examinations. Sometimes Crawford Foundation, National Certificate of Education (NCE) and Diploma may be considered as A-level equivalents. B.Sc. degree of a recognized University in a related field. OND upper credit or HND, in relevant courses. Students with professional qualification such as ACA, ACCA, may be considered.
UNIVERSITY MATRICULATION EXAMINATION
1. Candidates must satisfy the requirements as specified in (1) above.
2. Candidates must also have acceptable passes in University Matriculation Examination (UME).
3. UME subjects are: English Language, Mathematics, Economics and Government.
GRADUATION REQUIREMENTS
The Programme is planned over a four-year period consisting of eight semesters. Each semester consists of about seventeen (17) weeks, fifteen (15) of which are devoted to formal teaching, peri-curriculum instruction and assessments. Each course (especially 3-unit credit courses) includes a scheduled mandatory one (1) hour tutorial class per week. The general requirements for graduation include the following
(i) The completion of a minimum of 170 credit units including core, elective and general university education (GST) courses. Direct entry students are required to complete a minimum of 129 credit units;
(ii) A minimum of 15 credit courses outside the department; (iii) Complete, report and defence of a research project
REGISTRATION PROCEDURE
1. Requirements for Registration
a) Photocopies of credentials b) Birth Certificate
c) Eight (8) passport photographs d) JAMB Notification of Results e) University Admission letter 2. Procedure for Course Registration
(i) All students should note that Registration of courses commence on resumption for each semester. Students are therefore expected to register twice in a session. i. e. at the beginning of each semester.
(ii) After the payment of school fees students should proceed to the Bursary with proof of bank payment for a pin code for on-line registration.
(iii) Students are expected to collect registration forms from Department and then complete on consultation with the course adviser. Thereafter, the forms are forwarded to the Edu - Portal for proper documentation.
(iv) Students are allowed a maximum of seven (7) weeks for registration and an additional two (2) weeks for late registration
(v) Any student that fails to register within this period ceases to be a bonafide student of Crawford University. 3. Add and Delete of Courses
Any student wishing to delete course(s) will be allowed to do so within the nine (9) weeks of registration. Any student wishing to add additional course(s) will be allowed to do so
within the first seven (7) weeks of registration for both first and second semester.
REGULATIONS GOVERNING THE AWARD OF BACHELOR’S DEGREE
(FULL TIME)
(A) A programme of study shall be provided leading to a Bachelor’s degree to be denoted
by the letters. B.Sc. (or such other abbreviation as Senate may approve from time to time) which may be awarded with honours or as a pass degree. The programme normally extends over a period of three or four academic years, depending on the student entry qualifications as follows:
1. i. Three years for direct entry candidate with prescribed GCE Advanced Level.
Crawford Foundations students or equivalent admitted to the 200 level
ii. Four years for students with WASC, GCE, Ordinary or equivalent qualifications, admitted to the 100 level. 2. i. A full-time student is one who carries not less than
the minimum load stipulated in the College
ii. The minimum duration for graduation for a four year programme is 8 semester and 6 semester for three year programme; while the maximum length of time required in the College shall not be more than 12 semester for the four year programme and 10 semester for the three-year programme.
iii. The maximum load permissible per semester is 24 credit units, whilst the minimum load is 18 credit units for full-time studentship and 6 semesters for three year programme, while the maximum length of time required
iv. The maximum load permissible per semester is 24 credit units, whilst the minimum load is 18 credit units for full-time studentship.
v. The University Senate may permit students in exceptional cases to carry less than the minimum load or more than the maximum load, upon the recommendation by the Head of Department through the Dean of the College.
(B) Graduation Requirements
To be eligible for the award of a B.Sc. degree, a student must obtain a stipulated minimum total of units, for a three-year programme or a maximum total of units for a 4 year programme as stated in the Table below:
Programme Minimum Maximum
Accounting 129 170
Banking & Finance 126 171
Political Science & International Relations
Sociology 160 168
Industrial Relations & Personnel Management
144 192
Business Administration 109
Programme
150
Student Academic Status
A student academic status shall be determined on the basis of his/her performance in the Harmattan and Rain Semester Examination for each of the 100, 200, 300 and 400 levels of the degree programme. The following categorization of students’ status shall be used:
(i) Good Standing:
To be in good standing, a student must;
Pass a minimum of 24 units per session and,
Have a Grade Point Average (GPA) of not less than 1.0
(ii) Probation:
i. A student shall be placed on “PROBATION” if;
he/she has not passed a minimum of 24 units for a particular level and/or
his/her GPA is less than 1.0
ii. The period of probation shall be a maximum of two semesters
(a) The regulations in respect of student workload are complied with; and
(b) The pre-requisite courses of the higher level courses have been passed.
iv. A student on probation who fails to improve on his/her cumulative grade point average (CGPA) of 1.0 and 24 units in the subsequent semester, such as to place him/her in good standing shall have another chance, thereafter he/she will be advised to withdraw from the University;
Transfer Cases
i. Students who transfer from other Universities shall be credited with only those courses relevant to the programme of the University, which the candidates have already passed. Such students shall however, be required to pass the minimum number of units, provided that these students shall spend less than two (2) year (4 semesters in order to earn a degree of the University.
ii. Students who transfer from one College (Faculty) to another within the University for any reason shall be credited with those units passed that are within the curriculum of the receiving College (Faculty)
iii.
COURSE ADMINISTRATION AND ASSESSMENT
(A) Courses and Units
i. A course unit is a series of one hour lectures or tutorials or an equivalent combination of this type of instruction. No course shall be less than two units and more than six units.
ii. There shall be four levels of courses for the 4 -year degree programme and 3 levels for the 3-year
200 – 299 – (200 level courses) 300 – 399 – (300 level courses) 400 – 499 – (400 level courses)
Course numbers shall be prefixed by a three character course code which designated the academic discipline.
(B) Course Status
The following standard terminologies are used in all units of the Departments to indicate the status of each course.
i. Compulsory: courses specified by a department which students must take and pass.
ii. Required Course: A course which a student must register for and pass at 40% before a degree can be awarded but which is not counted towards degree classification e.g. General Studies, Library use.
iii. Elective: courses specified by a department from which a student must take in order to make up the required additional units for the award of the degree
iv. Pre-requisite: A course whose knowledge is essential prior to taking another specified courses. A pre-requisite requirement is fulfilled by completing and passing the pre-requisite courses which may also be waived for suitably qualified candidates by the College Board on the recommendation of the Department
v. Audited course: A course which the student attends but in which he/she is not examined.
ii. Scores from Continuous Assessment shall constitute 30% of the final marks for courses, which are primarily theoretical.
(D) Examinations
i. Each course shall normally be completed and examined at the end of the Semester in which it offered.
ii. A written examination shall last a maximum of three hours for three units of courses and minimum of two hours for two units of course.
(E) Conduct during Examination
i. Candidates must be seated at least 15 minutes before the commencement of each examination. Thereafter, no candidates will be allowed into the examination room except at the discretion of the Chief Invigilator. Candidate will not normally be allowed to leave the examination room. Outside these periods candidates may leave the room temporarily only if accompanied by an attendant.
ii. Candidates shall not be allowed to take into the examination room or have in their possession during the examination, any book or paper, mobile phone, printed or written document (whether relevant to the examination or not) iii. Any proven attempt made by candidate directly or indirectly to influence the process of examination or any part therefore with a view to obtaining undue advantage shall lead to the candidate’s disqualification from the whole examination.
iv. Silence shall be maintained throughout the period of examination and communication among the candidates will not be allowed;
v. Candidates shall comply with all instructions set out in the examination answer booklet or other examinations materials. They shall also comply with all instructions given to them by the invigilators
vi. Whenever there is an alleged examination malpractice, the candidates involved shall be required to make a signed statement immediately. Failure to comply shall constitute a serious offence and lead to disqualification from the examination and any other disciplinary action deemed appropriate.
vii. Candidates must present themselves to all University examinations for which they have been duly registered. Candidates who fail to do so for reasons other than illness or accident attested to by the Chief Medical Officer or the University shall be deemed to have scored Zero in that examination.
viii. Examination offences are considered as breach of the matriculation oath and it may attract the following sanctions:
S/N Offence Punishment (maximum) Unless otherwise stated
(i) Non-display of ID card Suspension
(iii) Refusal to submit oneself for search by an
invigilator Suspension
(iv) Use of scrap papers with written notes in
Examination hall Suspension
(v) Illegal possession of the University Answer
(vi) Mutilation or removal of any paper or
answer script supplied Suspension
(vii) Failure to submit answer script to
invigilator after an examination Suspension
(viii) Oral communication between candidates
(ix) Impersonation Suspension
(x) Other examination related offences To be determined based on the gravity of the offence committed.
(F) Pass-mark
The minimum pass-mark in any course shall be 40%, (for Prerequisite purpose, 35% is the specified minimum).
(G) Grading System: Grading of courses shall be done by a combination of Percentage marks and letter
grades translated into graduated system of grade point equivalent. For the purpose of determining a student’s standing. At the end of every session, and for the final degree classification, Grade Point Average (GPA) system shall be calculated, that is:
TCP (GP x Unit)
TNU (Total Number of Units courses taken), TCP (Total Cumulative Point)
Each course unit shall be graded out of a maximum of 100 marks and assigned appropriate letter grade point equivalent as in the following table: MARKS LETTER GRADE GRADE POINT 70 AND ABOVE A 5
60 – 69 B 4
50 – 59 C 3
40 – 44 E 1
39 – 0 F 0
(H) Presentation of Results
Result from the Department shall be presented to and considered by the College Board of Examiners at the end of each semester. The standard format approved by Senate shall be used. The approved results shall be forwarded through the Head of Department and Dean to the Exams & Records Division for processing.
(I) Classification of Degree
The determination of the class of degree shall be based on the Cumulative Grade Point Average at the 100, 200, 300 and 400 levels, the Cumulative Grade Point Average (CGPA) shall be determined at the end of each semester
taking into consideration, all the courses so offered, and approximated to 2 decimal places.
The Cumulative Grade Point Average (CGPA) shall be used for the determination of the class of degree according to the following ranges:
CGPA CLASS OF DEGREE
4.50 – 5.00 First Class Honours 3.50 – 4.49 Second Class Upper
2.40 – 3.49 Second Class Lower
1.50 – 2.39 Third Class
COUNSELLING
Students counseling is an important activity of the Departments, which is aimed at ensuring academic success for all the students. Students are normally attached to a lecturer who is regarded as a senior partner for the success of the students. The lecturer is referred to as the Level Coordinator/Adviser. He/she is responsible to the entire students for that level in each department.
INFORMATION MEDIUM
Information meant for students are normally pasted on the notice boards. It is the responsibility of students to go to these boards regularly to ensure that they keep abreast of the happenings in the Department and College as regards their programme in the University. The Department and College would therefore not be responsible for negligence on the part of the students for failing to comply with any directives of the departments or its units given through the medium of the notice boards.
Students Colloquium} Parents Forum }
The University Management holds a ‘Students Colloquium’ at least once every semester for both students and lecturers. This is an interactive session that touches on all aspects of student life; that is welfare, student behavior, dressing and attendance at church services and other related activities. In addition, the Parent Forum holds regular meetings at least twice in a session to discuss matters related to the welfare of their wards the good governance, and progress of the University at large.
DISCIPLINE
The College does not take kindly to acts of indiscipline on the part of students. Degrees are awarded for deserving student by the Departments having been found worthy in character and in learning
GENERAL STUDIES PROGRAMME
All students of the University are required to pass the General Studies Programme courses (GST) as a condition for graduation. The General Studies Courses are University based. These include use of English/Library and Information Sources; Introduction to Logic and Philosophy, Music Appreciation. These (GST) courses are compulsory for all students irrespective of their level of admission. This also applies to students transferring from other Universities.
ENTREPRENEURIAL DEVELOPMENT STUDIES
Based on the Federal Government directives to all Nigerian Universities, the University has introduced two courses on Entrepreneurship. These courses pertain to both theoretical and practical aspects of Entrepreneurship and are taken by students at the 200 Level and 300 Level in the College.
HOD’S REMARKS
HOD’S REMARKS
This is the 2nd edition of the Students’ Handbook of the Department of Economics, Accounting and Finance. The department is based in the College of Business and Social Sciences of Crawford University, Igbesa Ogun State in Southwest Nigeria.
This edition covers a period of four years, 2011-2015. Since the last edition, additional programmes and courses have been approved by Senate and these have been incorporated in this edition. Previous programmes have also been reviewed in line with current academic vision and developmental goals of the University. We must note that the University Senate, however, reserves the right to make changes to any part of this edition at any time it deems fit.
This book has carefully presented details on the academic programmes, the courses available, contents and credit loads. It provides information on admission requirements, regulations governing awards of Degrees and regulations on conduct of examinations.
Lecturers and students will find the prospectus very useful from time to time for guidance. Students are particularly urged to relate well with their level advisors, supervisors, departmental Coordinators, and Heads of Departments for clarification on any aspect of the book that may not be clear to them.
Finally, I wish to express my appreciation to all those who have contributed to the success of the preparations of this 2nd edition. I am particularly grateful to the Dean, Programme Coordinators, Level Advisors and the entire Academic and Non-Academic staff of the Department. Any correspondence on this book should be addressed to “The Head, Department of Economics, Accounting and Banking/Finance, College of Business and Social Sciences, Crawford University, P.M.B. 2001, Igbesa, Ogun State, Nigeria.”
ACADEMIC STAFF
S/N FULL NAME DESIGNATION QUALIFICATION SPECIALISATION
1 .
1
Prof. AKINTOYE
RUFUS. Professor (Associate Staff) Ph.D, M.Sc., B.Sc Financial Accounting/Financia l management 2 .
Prof. I.P NWOJI Professor (Associate Staff)
Ph.D, M.Sc, B.Sc Auditing/Public finance.
3 . DR. ELUMILADE, DAVID Associate Professor (Sabbatical) Ph.D, M.Sc., B.Sc Financial Accounting 4
. DR. AKINLO, OLAYINKA. Senior Lecturer Ph.D, M.phil, MBA, B.Sc
Management Accounting.
5
. DR.ENAHORO, JOHN Senior Lecturer (Sabbatical) Ph.D, M.phil, MBA, B.Sc Management Accounting.
6 .
DR.IYOHA, FRANCIS Senior Lecturer Ph.D, M.Sc, B.Sc International Accounting/Auditing 7
. DR. JEGEDE, CHARLES Senior Lecturer Ph.D, M.Sc, B.Sc Financial Management
8
. MR. SIYANBOLA,TUNJI Lecturer I FCA, M.Sc., B.Sc. Financial Accounting/Manage ment Accounting.
9 . MRS. OMOROGBE, COMFORT Lecturer I M.Sc., B.Sc. Auditing. 1 0 . MR. OLADIRAN,
ROTIMI Lecturer I M.Sc, FCA, B.Sc. Financial Management
1 1 .
MR. OMOPE, SEHINDE. Assistant
S/N FULL NAME STATUS
1 Mrs. Imafidon, Temitope Ruth Administrative Officer
3 Mrs. Sonuga, Ronke Office Attendant/Cleaner
10 PHILOSOPHY, MISSION STATEMENT AND OBJECTIVE
(a) PROGRAMME DEFINITION
Accounting is an aspect of management sciences that lays emphasis on stewardship. It challenges accountability in human endeavor. As an art and a discipline, the programme would build into students methods of approaching intellectual issues that border on social, economy, politic and other associated matters; scholarly and industrial empowerment; endowed with wealth of ability to assess, measure, narrate, analyze and interpret economic events to their benefit, the world around them and the world in general.
(b) PHILOSOPHY OF THE PROGRAMME
The philosophy and mission statement underlying the work of the department is to produce high quality graduates equipped with critical skills and abilities to abstract knowledge, using simplified economic models; to identify the essence of a problem; analyse and reason – both deductively and inductively; marshal evidence, assimilate structure and analyse qualitative and quantitative data; communicate concisely the result to a wide audience, including those with no training in economics; think critically about the limits of one’s analysis in a broader socio-economic context; and draw economic policy inferences
Nigeria and globally. To achieve this, the programme is broad based; blending general Accounting theories with core financial courses to give graduating students a working knowledge of all aspects of Accounting with emphasis on Nigerian economy to ensure highest competence of graduates in professional practice. The department has seasoned academic and technical staff. Future projects include establishment of a departmental library and mounting of postgraduate studies, particularly M.Sc. and Ph.D. degree programmes.
(c) MISSION STATEMENT OF THE PROGRAMME
The Accounting Programme was borne out of Crawford University’s passionate desire to positively impact both the academic and professional vocations of accounting, banking, finance and related fields of endeavours in Nigeria and beyond. The Programme is designed to contribute decisively to the quantitative and qualitative manpower needs of local and global industries, public, private and non-profit organizations through teaching, research and development (R&D) and other capacity building endeavours. The ultimate goal is to produce well-rounded graduates, who will be academically sound, creative, with good morals and the fear of God, which is in consonance with the motto of the University, Viz: ‘Knowledge with Godliness’.
(d) OBJECTIVES OF THE DEGREE PROGRAMME
The Programme offers courses leading to the award of the Bachelor of Science (B.Sc. Hons) degree in Accounting. The objective of the B.Sc. degree Programme is to prepare students for productive careers in business organizations and enterprises, (including blue-chip and multinational organizations), public and private sector economic policy making and implementation as well as academic and research enterprises/institutions. The specific objectives of the Programme are as follows:
1. Develop and improve students’ understanding of accounting and financial management problems at the level of the firm and industry (entity) and at various stages of national development;
2. Develop students’ critical judgment and ability to observe, analyze and synthesize accounting and financial data for problem solving in going concerns, which will enable them make meaningful contribution to national goals and global development;
3. Equip students with appropriate models and tools of analysis to recognize and apply accounting bases and periods, and interpret financial statements/data,
4. Acquaint students with accounting practice and policies – rules, principles, conventions and procedures for preparing and presenting financial statements, policy making and implementation,
5. Provide appropriate environment that enable students to acquaint themselves with fundamental accounting concepts and practice, accounting methods, accrual basis, historical cost, cash basis and other concepts/tools utilized by accounting bodies; 6. Create an atmosphere for desirable behavioural change that
would help students develop values that are in consonance with the national objectives such as hard work, probity, commitment, patriotism, accountability and zero-tolerance for corruption; 7. Provide training and stimulate students intellectually through the
study of accounting and to lead them to appreciate its application to a range of problems and its relevance in a variety of contexts;
8. Provide sound knowledge about the accounting requirements of firms and to develop the relevant skills for the constructive use
9. Develop in students the ability to apply the analytical tools, knowledge and skills acquired to the solution of societies’ financial management and control problems;
10. Develop in students, through the study of accounting, a range of transferrable skills and entrepreneurship that will be of value in employment and self employment;
11. Provide students with analytical skills in accounting modelling and the ability to develop simplified frameworks for studying the real world; and
12. Provide students with critical knowledge and skills for further studies in accounting/financial management, related areas or in interdisciplinary areas that involve financial management and control.
ADMISSION REQUIREMENTS
B.Sc. ADMISSION REQUIREMENTS
3. UME Admission: Candidates for admission into the four year degree programme should possess a Senior Secondary School Certificate Examination or National Examination Council or their equivalents with at least five credit passes of which must include English Language, Mathematics and Economics; the other remaining two credits required for registration are determined by the department.
4. Direct Entry: Candidates for direct entry admission shall possess 5 credit passes in the Senior Secondary School Certificate or General Certificate Examination or their equivalents of which at least 2 shall be at the Advanced level or 4 credit passes of which at least 3 shall be at the Advanced level provided that such passes are not counted at both levels of the examinations. Sometimes Crawford Foundation, National Certificate of Education (NCE) and Diploma may be considered as A-level equivalents. B.Sc. degree of a recognized University
in a related field. OND upper credit or HND, in relevant courses. Students with professional qualification such as ACA, ACCA, may be considered.
UNIVERSITY MATRICULATION EXAMINATION
4. Candidates must satisfy the requirements as specified in (1) above.
5. Candidates must also have acceptable passes in University Matriculation Examination (UME).
6. UME subjects are: English Language, Mathematics, Economics and Government.
7.
GRADUATION REQUIREMENTS
The Programme is planned over a four-year period consisting of eight semesters. Each semester consists of about seventeen (17) weeks, fifteen (15) of which are devoted to formal teaching, peri-curriculum instruction and assessments. Each course (especially 3-unit credit courses) includes a scheduled mandatory one (1) hour tutorial class per week. The general requirements for graduation include the following
(i) The completion of a minimum of 170 credit units including core, elective and general university education (GST) courses. Direct entry students are required to complete a minimum of 129 credit units;
(ii) A minimum of 15 credit courses outside the department; (iii) Complete, report and defence of a research project
Course Grouping Course Code Course Title L-T-P in Hours 1st 2nd Compulso ry Courses ACC 101 Introductio n to Financial Accounting I - 20–10–0 2 -ACC 102 Introductio n to Financial Accounting II - 20–10–0 - 2 BSS 105 Mathemati cs for Business & Social Sciences I - 30–15–0 3 -BSS 101 Principles of Economics I - 30–15–0 3 -CSC 101 Introductio n to Computing - 30–15–0 3 -BSS 106 Maths for Bus & Soc Sciences II - 30–15–0 - 3 GST 101 Use of English/Lib rary& Informatio n Sources I - 20–10–0 2 -GST 103 Music Appreciatio n I - 20–10–0 1 -GST 105 Introductio n to Logic & Philosophy - 20–10–0 2 -GST 107 Foundation of Psychology I - 20–10–0 2 -BUS 101 Principle of Manageme - 20–10–0 2
-ECN 102 Principles of Economics II 30 -15- 0 - 3 FIN 102 Introductio n to Finance 30- 15- 0 - 3 GST 102 Use of English/Lib rary& Informatio n Sources II - 20- 10- 0 - 2 GST 104 Music Appreciatio n II - 20- 10- 0 - 1 GST 110 History and Philosophy of Science 20- 10- 0 - 2 GST 108 Foundation of Psychology II 20- 10- 0 - 2 Elective
Courses SOC 101 Introduction to Sociology I - 30 –15– 0 3 -POL 101 Introductio n to Political Science - 30– 15– 0 3
-TOTAL (41 Credit Units) 23 18 200 Level Course Grouping Course Code Course Title Prerequisite( s) L-T-P in Hours Semester & Credit Units 1st 2nd ACC 201 Principles of Financial - 30- 15 -0 3
-Compulso ry Courses ACC203 Introductio n to cost Accountin g I - 30-15 -0 3 -ACC 207 Business Finance 1 - 30-15-0 3 -BUS 211 Business Statistics I - 30-15- 0 3 -BUS 203 Introductio n to Business - 30-15-0 3 -ECN 201 Principles of Microecon omics I - 30-15-0 2 -ECN 203 Principles of Macroecon omics I - 30-15-0 2 -GST 207 Music appreciatio n III - 10-10-0 1 -GST 209 Peace and Conflict Resolution - 20-10-0 2 -GST 202 Entreprene urial developme nt Studies I - 10-10-0 1 -ACC 202 Principle of Financial Accountin g II - 30-15-0 - 3 ACC204 Introductio n to Cost Accountin g II - 30-15-0 - 3 ACC206 Computer Appreciati on in Accountin g - 30-15-0 - 3 ACC208 Business Finance II - 30-15-0 - 3
ECN 202 Principles of Microecon omics II 20- 10 -0 - 2 ECN 204 Principles of Macroecon omics II 20 -10 -0 - 2 GST 208 Music Appreciati on IV 10-10- 0 - 1 BUS 212 Business Statistics II 30- 15 -0 - 3 GST 212 Entreprene urial developme nt Studies II 10- 10 0 - 1 ECN 206 History and Structure of Nigerian Economy 20- 10 -0 - 2 ECN 206 History and Structure of Nigerian economy 20- 10 -0 - 2 IRP 206 Organizati onal Behaviour 20 – 10- 0 - 2
TOTAL (46 Credit Units) 23 23
300 Level Course Grouping Course Code Course Title Prerequisi te L-T-P in Hours Semester & Credit Units 1st 2nd
ACC 307 Financial Accounting I
30- 15 -0 3 -ACC 309 Business and
Accounting Ethics
30- 15 -0 3
-BUS 303 Business Law 30- 15 -0 3 -BUS 301 Management Theory 30- 15 -0 3 -GST 301 Entrepreneurial development Studies III 10- 10 -0 1 -ACC 302 Financial Accounting II 30- 15 -0 - 3 ACC 304 Auditing I 30- 15 -0 - 3 ACC 306 Management Accounting II 30- 15 -0 - 3 ECN 306 Econometrics for Data Analysis 30- 15 -0 - 3 ACC 310 Research methods 30- 15 -0 - 3 ACC 312 Company Law 30- 15 -0 - 3 ACC 314 Industrial Training 30- 15 -0 - 3 GST 312 Entrepreneurial development Studies IV 10-10- 0 - 1 TOTAL (44 Credit Units) 22 22
400 Level Course
Grouping Course Code Course Title Prerequisite L-T-P in Hours
Semester & Credit Units
1st 2nd Compulsory
Courses ACC 401 Advanced Financial Accounting I 30-15-0 3 -ACC 403 Management Information System 30-15-0 3 -ACC 405 Financial Management 30-15-0 3
-ACC 407 Auditing and Investigation
30-15-0 3
-ACC 409 Taxation II 30-15-0 3
-ACC 411 Public Sector
Accounting 30-15-0 3 -GST 401 Entrepreneurial development Studies V 30-15-0 3 -ACC 402 Advanced Financial Accounting II 30-15-0 - 3 ACC 404 International Accounting 30-15-0 - 3 ACC 408 Environmental Accounting 30-15- 0 - 3
ACC 410 Research Project/ Original Essay
30-15-0 - 6
ACC 412 Public Finance 30-15-0 - 3
TOTAL (39 Credit Units)
21 18
COURSE CONTENT
ACC 101: INTRODUCTION TO FINANCIAL ACCOUNTING
1
History and development of Accounting; Definition of accounting and basic accounting terms, e.g. an asset, Liabilities, Capital, purchases, Sales, drawing and ledger. Accounting Concepts and conventions. e.g. entity, historical cost, the going concern, the realization, the matching/accrual, periodicity, consistency, substance over form,
ACC 102: INTRODUCTION TO FINANCIAL ACCOUNTING 11
Introduction of books of original entry ( also known as subsidiary books or prime books) e.g. sales day book, sales returns book, purchases return book, cash book and journal proper. The main books of account and ledgers. Different types of ledgers e.g. sales ledger, purchases ledger and general ledger. Double entry book keeping system, balancing of accounts after posting into the ledger accounts. Extraction of trial balance. Adjustment before final accounts e.g. capital and revenue expenditures, capital and revenue income, bad debts, provision for bad debts, provision for discounts on debtors. Others include depreciation of fixed assets, errors not affecting trial balance agreement. Suspense accounts and correction of errors, other adjustments: closing stocks.
ACC 201: PRINCIPLES OF FINANCIAL ACCOUNTING I
Review of basic accounting concepts and principles-double entry, books of original entry, trial balance; preparation of final accounts for sole traders, clubs and charities; bank reconciliation (complex situation) electronic and money transfer etc. Partnership and partnership accounting including profit and loss Appropriation Account, the valuation of goodwill on admission and retirement of partners; change in partnership; revaluation of assets, and dissolution of partnership. Introduction to company accounts; share Capital Share issue and redemption. Preparation and presentation of unpublished final accounts of limited liability companies. Interpretation, uses and limitations of accounting ratios.
ACC 202: PRINCIPLES OF FINANCIAL ACCOUNTING II
Redemption of shares and debentures. Miscellaneous accounts: Consignment accounts, goods on sale or return, royalties, containers, investments, joint venture, Departmental account, Bills of exchange, joint venture account, and sinking funds. Stock valuation and computation of insurance claims. Depreciation including preparation of fixed asset schedule/register
Introduction to Cost Accounting - Definition and purpose of cost accounting, classification of cost by functions, elements, responsibility, definition and behavior; Materials accounting and control procedures; Labour accounting and control procedures; Overhead cost accounting and control procedures; Cost centre – selection and attribute, product and department; Cost behavior and cost estimation; Costing Methods - Operation costing, specific order costing – job, batch, uniform and contract costing, process costing and service costing.
ACC 204: COST ACCOUNTING
Absorption costing; Allocation and apportionment of overheads, Reciprocal services absorption of overheads, absorption costing methods; Marginal costing – uses of marginal costing in decision making such as production, planning, pricing, make or buy, close-down, accept or reject, dropping a production line, accepting additional order; Application of spread sheet. Types of break-even charts, methods of calculating break-even point, margin of safety and ascertainment of angle of incidence, profit – volume ratios; Standard costing techniques – Types and bases of setting standards such as basic, current, ideal, and normal standards; Methods of determining standard cost and the uses of standard cost. Budgeting: –preparation of functional budget, types of budgets such as fixed and flexible budgets, cash budget and master budget;
ACC 206: COMPUTER APPRECIATION IN ACCOUNTING.
Definition of basic terms. Ledger accounts in ICT sector, trading, profit and loss accounting. Revenue recognition in ICT. Final accounts. Use of accounting package: Peach tree, Tally, Sage, Dac Easy, Sun Accounting. Use of audit software.
ACC 208: BUSINESS FINANCE II
Mathematics of Finance: time value of money, time value of capital market instruments: Simple and compound interest, future value of lump sum, annuity present value of a single amount, pricing of money market instrument, debt instruments, preface shares, equity instruments
ACC 301: FINANCIAL ACCOUNTING I
Final Account of Partnership; Change of Interest and revaluation of assets and goodwill Partnership Accounts- Amalgamation and Absorption, dissolution including piece-meal realization and distribution, Conversion to limited liability Company. Limited liability companies Accounts – Nature of limited companies, raising of capital, statutory books and records. Methods of establishing a company – Establishment of new Business, Conversion of Sole Proprietorship to limited liability Company and Conversion of Partnership to limited Company. Issuing and redemption of shares and Debentures; Application of spread sheet. Accounting for specialized Business – Trustees; Farmers; Solicitors; Underwriters; Royalty; Investments; Hire-Purchase; Pension and Provident Fund; Consequential Loss etc.
ACC 302: FINANCIAL ACCOUNTING II
Company reports and Accounts – meaning, contents, objectives and preparation of published financial statements for limited liability companies, banks and insurance. Legislative and quasi – legislative requirement, Companies and Allied Matters Act 1990 Insurance Act 2003, Banks and Other Financial Regulatory and Statutory – Nigerian Accounting standards Board. (role, Structure and Processes), Detailed Contents and application of Standard ( local and international),Institutions Act 1991, Prudential Guidelines, Stock Exchange Regulation and Securities and Exchange Commission guidelines and disclosure requirements In-depth Analysis of Annual Report. Identification and application of financial performance indicators; Limitation of instruments of performance measurement and annual report contents in proving required information to users; Computation, interpretation and analysis of ratios to assess the areas of profitability, financial adaptability, liquidity, activity of the business, gearing and other performance indicators. Different levels of performance evaluation; inter-firm; targets; historical achievements; international department or segment analysis.
Definition and objectives of taxation. Historical background of Nigerian tax system. Principles of taxation, classification of taxes, sources of various tax laws. Tax administration: Federal board of Internal Revenue, State Board of Internal Revenue, Joint tax Board, Technical committee of the Board. General guidelines and practical procedures for registration of tax payers. Relevant documents necessary for filling returns for various taxes and relevant tax authorities. Returns, assessment procedures and collection of taxes, interests on overdue tax. Objections, appeals and enforcement. Basis of assessment: old, new and cessation of trade. Relief for losses. Capital allowance-type of allowances and conditions for granting of allowances. Tax audit and investigation.
BUS 303: BUSINESS LAW
Social and Historical background of law of contract. Social and Historical background of law of property. Law of contract; Agency; Sale of Goods; Hire purchase; partnership; Negotiable Instrument; Insurance; Bankruptcy; Social responsibility of Business in an Increasingly Changing and Urbanized Society. Economic Trusts.
ACC 304: AUDITING
The meaning and need for an audit, historical and development of audit, difference between accounting and auditing and qualities of auditors. Appointment and qualification of auditors, right and duties of auditors, removal, dismissal and resignation of auditors. Remuneration of auditors. Independence of auditors as in both under Company and Allied Matters Act (CAMA) and Institute of Chartered Accountants of Nigeria (ICAN) provisions, audit standards and guidelines. Functions and responsibilities of directors and audit committee, supervision and monitoring of audit practices. Internal audit and internal control: scope and purpose of internal audit, organization of internal audit department, internal audit techniques. Relationship between internal auditor and external auditor, types of internal control. Introduction of relevant case studies
analysis. Relevant costing- make or buy decisions, product profitability, limiting factor, Optimal product mix and opportunity cost. Pricing policy decisions objectives, pricing methods and product-life cycles. Learning curve theory. Decision making under risk and uncertainty- measurement of risk, use of decision tree analysis, portfolio and sensitivity analysis. Divisional performance measurement and transfer pricing system. Introduction of relevant case studies.
ACC 306: MANAGEMENT ACCOUNTING II
Budgeting and budgetary control: Purpose, types, procedures, preparation. Budgetary control improvement techniques. Standard costing: types, preparation, variance analysis, reconciliation of variance analysis, Computation of standard ratios (activity, capacity and efficient ratio) inventory control. Introduction of relevant case studies.
ECN 306: INTRODUCTION TO ECONOMETRICS FOR
DATA ANALYSIS
Nature scope and methodology of Econometrics: definition, objectives, division and stages of econometrics analysis. Desirable properties of an econometric model. Relationship between statistics and econometrics. Econometric estimation: collection of data, processing of data, choice of appropriate econometric techniques. Ordinary least squared (OLS)- assumption, derivation of the classical least square estimators, properties of the least squares method; significance tests and confidence intervals; variances of the parameter estimates in multiple regression model. Alternatives techniques to OLS multiple regression models. Using econometrics result simultaneous equation models; two stage least equation identification problem. Econometric problems and the methods of rectifying their effects on parameter estimates- autocorrelation, multicollinearity and heteroscedasticity. Application of E-VIEW 3.0 Package.
ACC 307: FINANCIAL ACCOUNTING THEORY
Evolution of double-entry bookkeeping: early history of accounting, Luca Pacioli’s contribution, development of accounting principles in the USA (management contribution phase 1900-1933; Institution contribution phase 1933-1939 professional contribution phase 1959-1973; politicization phase 1973-present), relevance of accounting
history. The nature of an accounting theory. Approaches to the formulation of an accounting theory-non-theoretical (pragmatic and authoritarian approach) deductive, inductive, ethical, sociological, economic and eclectic approach. Accounting postulates, concepts and principles.
ACC 309: FINANCIAL ACCOUNTING THEORY
Accounting and business ethics, fundamental ethical principles; Branches, Approaches and theories of ethics, Business Ethics; Branches of Business Ethics, Ethical decision-making; Cases resolving ethical dilemmas; Managing ethics and codes of professional conduct; Benefit of code of ethics in accounting; Management integrity, Accounting and ethical issues in Business ethics and creative accounting; the Modern corporation and its moral obligations. Management integrity. Accounting and ethical issues in Business ethics and creative accounting.
ACC 310: RESEARCH METHOD IN ACCOUNTING
Determination of a researchable problem area as topic. Identifying an appropriate case study. Handling statistical data in Accounting, sources, collection, include sampling methods, tabulation, approximation; Use of ratios, and other statistical tools presentation, summary and interpretation of data; Charts, diagrams and graphs including histograms charts and Lorenz curves etc. Referencing and Appendix
ACC 312: COMPANY LAW
Introduction to company law, formation and structure of company; Incorporation of a company, procedure, memorandum of association, articles of association, Promoters; flotation; Structure of a company: legal personality, Acts, Powers, Liability, membership and rights, Administration of company and function of directors, membership and rights. Finance and Accounts; financial statement, Annual returns, Dividends. Mergers and takeovers, winding up of company; Company taxation. Unfair competition, passing off and trade libel
also expected to acquire a logbook for daily recording of their activities in their respective approved placements; for evaluation and grading by the department.
ACC 401: ADVANCED FINANCIAL ACCOUNTING I
Published Group Accounts – The Legal and Regulatory frame work in the preparation of group accounts, the preparation of consolidated financial statement involving one or more subsidiaries, sub-subsidiaries and associates, under the acquisition and pooling of interests method; The treatment in consolidated financial statements minority interest; Pre and post acquisition reserves, goodwill, fair value adjustment, intra-group transactions and dividends; Piece meal and mid-year acquisitive, and disposals to include sub-subsidiaries and mixed groups; The accounting treatment of joint ventures and associates using the equity method and proportional consolidation method.
ACC 402: ADVANCED FINANCIAL ACCOUNTING II
Business Combinations and Re-Organization - Amalgamation or Merger; Absorption or Purchased of Business, Reconstruction (Internal and External); Accounting for Bankruptcies and Liquidation - Preparation of Statement of Affairs for Insolvent Individuals, Partnership and Limited Liability Companies, Statement of Distribution by the Receiver and Liquidator; Analysis and Interpretation of Financial Statements – Analysis of Financial Statements and Use of Ratios, Trend analysis based on absolute values and percentages, report writing;
ACC 403: MANAGEMENT INFORMATION SYSTEM
Introduction to and fundamentals of data processing; Brief history and conventional data processing methods; manual and mechanized method; Classification of system and their relative merits; Closed and open loop systems, effect on time lay, the total system and sub-systems; Data processing and the management information system (MIS). The organization of MIS including use of mechanical and electronic accounting machines, flow charting and their principles of system design and documentation; Managerial uses of the information output as a basis for developing, criteria and system; Information needs of management and design of MIS. Computer and data processing
