Federal University, Dutsin-ma

Katsina state, Nigeria

Courses: 4th Year 1st sem., B.Sc. Accounting

  1. ACC411: Advanced Financial Accounting I

    (3 credit units)

    Review of Group accounts: preparation of consolidated financial position and comprehensive income; elimination of intra-group balances and profit on intra-group transactions. Treatment of minority interest, and cost of control.Accounting problems of group companies including multinationals Accounting for Associate companies and Preparation of group statement of cash flow.

  2. ACC421: Management Accounting

    (3 credit units)

    Accounting for management control purposes; Objectives and Methods of Management Accounting: Cost Accounting systems; General Principles of Costing; Behavioral Aspects of Costs; Element of Cost; Fixed Variable and semi- Variable Cost; full cost; sunk costs; opportunity costs; incremental costs; Bread-even Analysis; single product cost volume profit analysis; multi product cost –volume- profit analysis. Marginal Costing and short term decision making: decision involving make or buy decision; accept or reject decisions; dropping a product or segment; optimal product mix including linear programming method. Standard Costing-Preparation and Computation of Variance and variance analysis. Short term planning and Budgets: Budgetary Control, Preparation of Master and subsidiary Budgets including Cash Forecasting; Alternative approach to budgeting like zero based budgets; programme performance budgeting system (PPBS); and activity based budgeting (ABB). Pricing decisions: Pricing methods; cost and market bases methods- cost plus, marginal cost, average cost, negotiated prices; product life cycle and appropriate pricing strategies. Divisional Performance evaluation: organizational arrangement- centralization; decentralization and divisionalization. Performance measures in divisionalized companies; absolute profit; residual income and return on investment. Transfer pricing in divisionalized companies: objectives of transfer prices; setting of transfer price; types of transfer pricing decision and determination of optimum transfer price. Application of quantitative techniques in Management accounting: cost estimation methods; inventory control and estimation of optimum stock; linear programming techniques and simulation methods. Long term Planning: Objectives of long term panning; procedure and stages for developing long term plan including evaluation of alternatives. Implementation of long term plan and annual budgets. Monitoring and control of long term plans. Long term decision making and capital budgeting: Objectives of capital budgeting; techniques of evaluating capital budgets such as accounting rate of return; payback period; discounted cash flow (DCF) such as NPV, internal rate of return and profitability index and cost benefit analysis. Capital rationing including single and multiple periods using linear programming; Treatment of inflation; taxation; risk; uncertainty; and effects of government decisions.

  3. ACC431: Financial Management I

    (2 credit units)

    The nature and scope of financial management; sources and costs of short, medium and long term finance; sources and problem of new financing, the concept and measurement of the various costs of capital: equity; preference shares; debt (debentures and loan stock), weighted Average cost of capital (WACC) and marginal cost of capital. Capital structure: Optimal capital mix; relevance and irrelevance theories’ of capital structure Dividends Policy: Types of dividends; determinants and implication of dividend policy; relevance and irrelevance theories’ of dividend. Working capital management: Computation; analysis and interpretation of basic working capital ratios; cash management; debtors management; creditors management; stocks management including inventory models such as EOQ and Just in time. Capital investment decisions: mathematics of finance; compounding and discounting; Capital budgeting: Objectives of capital budgeting; techniques of evaluating capital budgets such as accounting rate of return; payback period; discounted cash flow (DCF) such as NPV, internal rate of return; profitability index and cost benefit analysis. Capital rationing including single and multiple periods using linear programming; Treatment of inflation; taxation; risk; uncertainty; and effects of government decisions.

  4. ACC441: Public Sector Accounting II

    (3 credit units)

    Legal framework of government accounting in Nigeria, structure of government accounting, Structure of Governmental Accounting in Nigeria, the Nigerian Treasury model, financial control structure, government entities, Government Accounting Concepts And Pronouncements: Accounting concepts, bases and principles relevant to government Accounting, The concept of funds, its relationship to the entity concept and its implications for income measurement and valuation, Professional pronouncements on government accounting by the United Nations, the International Committee on Government Financial Management, Chartered Institute of Public Finance and Accountancy(CIPFA) and International Federation of Accountants (IFAC), Standardization of Federal and State Government Reporting Formats in Nigeria. International Public Sector Accounting Standards Board ( including Cash basis IPSAS and Accrual basis IPSAS 1-32 with additions). Sources Of Government Revenue: Types of Revenue - Federation Accounts Revenue, Federal Government Independent Revenue, Revenue Collection Agencies, Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR), Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS). Federation Accounts Allocation Committee (FAAC): Composition and functions, Bases of revenue allocation, Charges to the Consolidated Revenue Fund, Revenue Collection Procedures and Monitoring, Preparation of Federation Account, Consolidated Revenue Fund and Development Fund. Government Accounting Processes: Preparatory of Treasury Cash Book and Transcripts. Cash Management and Borrowing Guidelines, Types of Vouchers and their Uses, Bank Reconciliation Statement and its preparation, Method of preparation of standardized formats of Government Financial Statements, Subsidiary Accounts - Deposit, Advance, Remittance/Cash Transfers, Treatment of loss of Government Fund. Payroll Accounting and Pension Fund, Accounting for Foreign Mission. Government Contracts: Fundamental Principles for Procurement in the Public Sector. Tendering Procedures on Construction/Contract, Goods and Services, Approving authority and limit, The role of Procurement Planning Committee, Contract Payment Procedures. Due Process Concept. Financial Reporting: Preparation of Statutory Financial Statements in Federal and State Treasury: Cash Flow Statement; Consolidated Revenue Fund, Development Fund; Preparation of Revenue and Expenditure Accounts and Statement of Assets and Liabilities, Preparation of Statutory Financial Statements in Local Governments. Ethical Issues in Government Accounting; Auditor-Generals’ Role in Financial Reporting. Accounting For Public Sector Organizations, Authorities, Parastatals, Boards, Corporations, Agencies And Tertiary, Educational Institutions: The general nature of and differences among these bodies, Financial provisions of enabling laws for the relevant utilities, authorities, parastatals, boards, corporations, agencies, and tertiary, educational institutions. Financial reporting - receipts and payments accounts, income and expenditure accounts, the balance sheet, value-added statement, cash flow statement, five-year financial summary, Processes of appointing Auditors and Auditing of the Financial Statements, Public Accountability of Government Parastatals, Financial Guidelines for the operation of Parastatals.

  5. ACC451: Management Information System

    (2 credit units)

    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; the total system approach and objectives; total system and subsystems. Data processing and Management Information System (MIS).The organization of MIS including the use of mechanical and electronic accounting machines, flow charting and the principles of system design and documentation. Managerial uses of the information output as a basis for developing criteria and systems. Information needs of management and design of MIS Computer and Data Processing –evolution of the Computer and 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. Introduction to management information systems, role of information system in business, the evolution of ICT infrastructure and ICT infrastructure components, types of information system, management levels, information needs and nature of information systems, system development process, alternative to systems development, organization system's problem cases identification and resolution; application of information communication technology to businesses, accounting information system, computerized accounting system; system vulnerabilities, security and control. Accounting Packages: Peach tree, quick books; quick view; pastel evolution; pastel partner;

  6. BSM441: Business Policy

    (2 credit units)

    Concepts of strategy in relation to Business, Corporations and Management. Linkage between organization and their environments. Concepts of policies, decision-making, Business objectives, performance criteria, structure, and managerial behaviours. Practice in calculating simple financial and economic indices from Business data and other accounting information. Learning the behavioural implications of courses of action. Analyzing a firm’s opportunities and threats, strengths and weaknesses. Selecting strategies and structures of public liability companies from their published annual reports. Developing clear Business objectives, setting clear strategies and policies, and presenting structures that are capable of being used in implementing chosen strategies. Organic Business functions of marketing, production, finance, and personnel in Nigeria.

  7. BSM451: Analysis for Business Decision

    (3 credit units)

    Elements of Decision Analysis, Types of Decision Situations, Decision Trees; Operational Research Approach to Decision Analysis, Systems and System Analysis; Modeling in OR, Simulation; Cases for OR Analysis, Mathematical Programming; Transportation Model, Assignment Model, Conflict Analysis and Game Theory, Project Management, other OR Models: Inventory, Replacement, Line Balancing, Routing and Sequencing, and Search.

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