Federal University, Dutsin-ma

Katsina state, Nigeria

Courses: 3rd Year 1st sem., B.Sc. Accounting

  1. ACC311: Corporate Accounting I

    (3 credit units)

    Legal requirement of companies, introduction to companies account, statutory Books and Returns, pre-incorporation profits, Post-incorporation profits, formation expenses, Issues and Redemption of shares, debenture stock, forfeiture and reissue of shares and debentures, treatment of taxation in accounts including deferred taxation. Published accounts of a company: Comprehensive Income statement, Financial position (Balance sheet), Changes in Financial position, value added statement, Cash flow statement, Directors report. Conversion of sole trader to Limited Liability Company; conversion of partnership to Limited Liability Company.

  2. ACC321: Cost Accounting

    (3 credit units)

    A review of history, principles and objectives (in terms of users) of Cost Accounting (information).Preparation and presentation of Cost Accounting information. Information for various users and levels of management as well as various types of businesses. Accounting aspect of Materials costing, Labour costing and Overheads costing. Job costing; batch costing; contract costing. And Process costing; (detailed treatment of join and by –products as well as spoilage). break-even analysis and cost-volume-profit analysis. Cost behaviour, Marginal and absorption costing, Standard costing and variance analysis: and budgetary control and variances analysis; Behavioral aspects of cost accounting. Cost Control: cost control and reduction techniques; value analysis; work study; method study; quality control techniques; merit rating; Job evaluation; work measurement and coat audit. Topical issues in cost accounting. Integrated and interlocking accounts; book-keeping entries for costing systems, integrated and interlocking systems, reconciliation of financial and cost accounting profit.

  3. ACC331: Petroleum and Solid Mineral Resource Accounting

    (2 credit units)

    Review of Accounting principles in the petroleum industry; accounting for exploration and production cost, unproved property acquisition, retention and surrender, accounting for cost incurred in drilling and equipping oil and gas properties, including accounting for drilling of exploration, development and service wells; accounting for the impairment of proved oil and gas properties: successful efforts method, the full-cost method. Depreciation, depletion and amortization; Non-value disclosures about oil and Gas, value based disclosures, Accounting for conveyances, production payments and Net profits interest, farm-outs, carried interests and unitizations. Joint venture and production sharing contract (PSC): companies and operating companies; Calculation of PSC; introduction to joint venture. Account for Mineral interests (i.e. Royalty, Working interest overriding royalty interest, etc). Accounting for decommissioning. Regulatory framework for extractive industries: international financial reporting standard (IFRS 6): Reason for issuing main features, objective and scope of IFRS 6: IAS and its development. The role of Nigerian Extractive Industries Transparency Initiatives (NEITI).

  4. ACC341: Financial Reporting Standards

    (3 credit units)

    Conceptual framework for accounting and financial reporting, standards setting procedures, standard setting bodies and organs: The role of standard setting bodies and organs in the training of Accountants: Financial Reporting Council Of Nigeria (FRCN) formally Nigerian Accounting Standard Board (NASB); International Financial Reporting Standard Foundation (IFRS Foundation); International Accounting Standard Board (IASB), International Financial Reporting Advisory Committee (IFRAC), International Financial Reporting Interpretation Committee (IFRIC), International Federation of Accountants (IFAC); International Public Sector Reporting Standard Board (IPSAS) of IFAC. International Auditing and assurance standard Board (IAASB) of IFAC; International Accounting Education Standards Board (IAESB) of IFAC; International Ethics Standards Board for Accountants (IESBA) of IFAC; Financial Accounting Standard Board ( FASB) of U.S; Convergence of IFRS and FAS Accounting Standards: International Accounting Standards (IAS 1-41 as revised) and International Financial Reporting Standards (IFRS 1-14 and additions); International public sector Accounting Standards (One Cash IPSAS and Accrual IPSAS 1- 32 and additions).International Auditing and assurance standards and International Ethics standards. Students are to be thought all the standards.

  5. ACC351: Public Sector Accounting I

    (2 credit units)

    Introduction to public Sector Accounting; - distinction between public and private sector, basic accounting for not- for profit (NFP), Classification of NFP, basic characteristics of governmental accounting, Objectives and problems of public sector accounting, The Constitutional, legal and administrative framework of government accounting in Nigeria, Government Accounting Theory and Processes, The Financial Regulations of the Federal and State Governments. Federal Treasury Account Manual (Policy and Procedure).The Annual Appropriation Law. Fiscal Responsibility Act 2007, Public Procurement Act 2007, The Financial Memoranda for Local Government, Investments and Securities Act, Public Enterprises (Privatization & Commercialization) Act, The Pension Act No 102 and 103 of 1979, and Pension Reform Act No. 2 of 2004. The Annual Supplementary Appropriation Laws. Treasury Circulars. Ministry of Finance Incorporated (MoFI) Act of 1959, Public Service Manuals, Bye-Laws of Local Government, Synchronization of the reporting formats of the Federal, State and Local Governments, The Generally Accepted Accounting Principles applicable to the Public Sector, Local and International Sources e.g IPSAS. The Constitutional and Financial responsibilities of Principal Officers of Government: Minister of Finance, Auditor-General for the Federation, Auditor-General for the State, Auditor-General of the Federation, Auditor-General for Local Government, Accountant-General of the Federation, Accountants-General of the State, Treasurer of the Local Government Managing Finance of Government: Institutional Background: Roles and responsibilities of the National, State and Local Government Assemblies. - Financial Control Institutions (Presidency; Public procurement, Planning and Budget Directorate in the Ministry of Finance. Treasury Department in the Accountant-General’s office: Expenditure Control Unit in the Ministries). Roles of Various Government Committees such as, Tender’s Board, Finance and General Purpose Committee, Audit Committee, Parliamentary Public Account Committees, Parliamentary Finance Committee). Planning and Budgeting: Preparation of Medium-Term Expenditure Framework. Objectives/Uses of Annual Budget in the Public Sector. Types of Budgeting: Line – Item Budgeting System, Traditional/Incremental Budgeting System, Planning Programming Budgeting System (PPBS), Programme Performance Budgeting System (PBS).Zero - Base Budgeting System (ZBB), Perspective Planning, Preparation, Evaluation and Control of Budgets: Internal control procedures over revenue collections and disbursement of funds: - Fund Accounting - Sources of Government Revenues - Authorization of Government Expenditure and Operation of Warrants - Operation of Departmental Vote Books and Authority– to – Incur Expenditure. Expenditure Control in Government, Federal Treasury Accounting Manual. Legislative Control - Executive Control - Control by the Minister of Finance - Treasury Control Departmental Control. Accounting Records of Government include: Treasury Cash Books - Impress Cash Book - Payment Voucher - Adjustment Voucher - Method of payment - E-payment, E Receipt/Ticketing. Ministerial Accounting System:Self, Limited self and non-self Accounting unit - Preparation and Extraction of monthly transcripts/ATRRS. (Automated Transaction Recording and Reporting System) - Preparation and posting of monthly payroll - IPPIS (Integrated Personnel & Payroll Information System) - Extraction of Variation Control Reports. Sub-Ministerial Accounting System: Schools Accounting System - Domestic Account - Boarding Account - PTA Account System, Foundation and Trust Account. Parastatal Accounting system - Main objective of setting up Parastatals- Sources of income of Parastatals - Expenditure of Parastatals and Audit. Stores and Stores Accounting: Stores classification - Receipt of stores, Payment for stores, Transfer of stores, Issuing of stores, Accounting Treatment of Loss of Government stores or funds, Procedures for Store Survey/Stock-taking Board of Survey: Classes of Board of Survey, Nature of the Survey, Types of Board of Survey Purpose of Survey, Composition of the Boards of Survey. Board of Enquiry: Purpose or circumstances for setting up a Board of Enquiry, When a Board of Enquiry is not necessary, Procedure of Board of Enquiry, What action is taken on the Board of Enquiry’s Report , Composition of the Board of Enquiry. Treasury Final Accounts: Cash Flow Statement, Statement of Assets and Liabilities and Statement of Revenue and Expenditure. Responsibility of the Accountant General, Auditor General and Public account committee of national/ state assembly on Statutory Financial Statements. Pension and Gratuity Accounting: Gratuity accounting, Pensions, Contributory Pension Scheme and Fixed Term Terminal benefit scheme accounting. Ethical Considerations in Government Accounting: Management of Economic Crimes: Roles of Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission, Security Exchange and Investments Tribunal, Code of Conduct Bureau, Public Complaints Commission, Money Laundering Act 2007 and Fiscal Responsibility Commission.

  6. ACC361: Principles of Banking

    (2 credit units)

    The business of banking, The development of money, Historical development of banking. The central bank of Nigeria, The Nigerian banking structure, savings and investment, The Nigerian money market, Bank’s balance sheet, The organizational structure of clearing banks, Bills of exchange, cheques, methods of payment through the banking system, bank customers, Bank account services for the exporters and importers, Bank lending, Interpreting accounts of customers. The bankers institute (The chartered institute of Bankers of Nigeria (CIBN).

  7. ACC371: Business Communication

    (2 credit units)

    Rudiments of Communication; Communication Defined, Elements of Communication, Principles of Communication; Oral, Written and Non verbal Communication: Language Defined, Nor-verbal communication, Listening, Oral and written Communication; Functions and settings of Communication: Functions of Communication, Communication setting; Communication Theories and Models: Linear Model, Interactional Model, Transactional Model etc. Writing and Communication Methods: Writing Defined, stages of Communications, Commercial Communication Method and Letter Writing. Process of Meeting Defined Conduct, Procedures, Aims and Benefits/Disadvantages of Meetings. Written Rules Affecting Meetings, Conference, Seminar, Symposium and Debates. Uses of Words, Sentences and Figurative Expressions, works and their Meanings, Synonyms and Antonym Dynamism in Words, and Predication, Suffixation, Sentences/Figurative Expression. Reports and Handover notes: Types of Reports, Components of Reports and Handover Notes. Organization communication: The Concept of organizational communication, Factors Affecting Effectiveness of Organizational Communication. Types of communication. Public Relations and Marketing Communication.

  8. GST311: Introduction to Entrepreneurial Studies

    (2 credit units)

    Some of the ventures to be focused upon include the following: soap/detergent, tooth brushes and tooth paste making; photography; brick, nails, screws making; dyeing/textile blocks paste making; rope making; plumbing; vulcanizing; brewing; glassware production/ceramic production; paper production; water treatment/conditioning/packaging; food processing/packaging/preservation; metal working/fabrication-steel and aluminum door and windows; training industry; vegetable oil /and salt extractions; fisheries/aquaculture; refrigeration/air conditioning; plastic making; farming (crop); domestic electrical wiring; radio/TV repairs; carving; weaving; brick laying/making; bakery; tailoring; iron welding; building drawing; carpentry; leather tanning; interior decoration; printing; animal husbandry (poultry, piggery, goat.); metal craft-blacksmith, tinsmith; sanitary wares; vehicles maintenance and bookkeeping.

  9. BSM321: Production Management

    (2 credit units)

    Elements of Production; Production and Process Design and Management, Facility location and Layout; Modern Tools and Machinery of Production, Standards Definition, Line Balancing, Automation, Production Scheduling and Control, Work Study, Maintenance and Tools and Equipment, Quality Control. Inventory Control, Project Planning, Forecasting, Aggregate Planning Control and material Resource Planning.

  10. ACC371: Business Communication

    (2 credit units)

    Rudiments of Communication; Communication Defined, Elements of Communication, Principles of Communication; Oral, Written and Non verbal Communication: Language Defined, Nor-verbal communication, Listening, Oral and written Communication; Functions and settings of Communication: Functions of Communication, Communication setting; Communication Theories and Models: Linear Model, Interactional Model, Transactional Model etc. Writing and Communication Methods: Writing Defined, stages of Communications, Commercial Communication Method and Letter Writing. Process of Meeting Defined Conduct, Procedures, Aims and Benefits/Disadvantages of Meetings. Written Rules Affecting Meetings, Conference, Seminar, Symposium and Debates. Uses of Words, Sentences and Figurative Expressions, works and their Meanings, Synonyms and Antonym Dynamism in Words, and Predication, Suffixation, Sentences/Figurative Expression. Reports and Handover notes: Types of Reports, Components of Reports and Handover Notes. Organization communication: The Concept of organizational communication, Factors Affecting Effectiveness of Organizational Communication. Types of communication. Public Relations and Marketing Communication.

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