Federal University, Dutsin-ma

Katsina state, Nigeria

Courses: 4th Year 2nd sem., B.Sc. Accounting

  1. ACC412: Advanced Financial Accounting II

    (3 credit units)

    Accounting for acquisitions, takeovers and mergers. Accounting for foreign operations –Foreign branches/-affiliates, methods of conversion etc. Published accounts of banks and Insurance companies with special reference to relevant legislations and guidelines

  2. ACC422: Financial Management II

    (2 credit units)

    Valuation of shares, assets and enterprises; corporate restructuring; mergers and acquisitions: The need and purpose of acquisitions; features of mergers; estimating economic gains and costs of mergers; Evaluating financial performance of merged companies including reasons for their successes and failures. The impact of government regulations on mergers, Portfolio Management: Risk and return of a single security; two securities; three securities, systematic and unsystematic risk; capital asset pricing model; arbitrage pricing model. Derivatives and their valuation: Forwards markets and instruments, Futures markets and instruments, options and swaps markets and instruments

  3. ACC432: Tax and Tax Management

    (3 credit units)

    Business Taxation- Computation of tax, loss relief and capital Allowances (including change of data or fiscal year, and loss relief) with particular reference to companies. Relief for small companies and pioneers companies. Capital Gains tax; transfer tax, interviews and transfer on death, and computation of transfer tax; Education tax: objectives and basis of computation of education tax; the role of TET fund; Withdrawing tax, relevant tax authority, income subject to withholding tax, time and mode of claims, refund, grounds and procedures, remittance to tax authorities, supplies/services subject to withholding tax, rates, offences and penalties, preparation of withholding tax accounts Petroleum profit tax: administration; and classification of income and costs. Allowable and non allowable deductions; computation of capital allowance; computation of tax offset petroleum investment allowance; chargeable profit; chargeable tax; and assessable profits payment of tax due; offences and penalties; Incentives associated with utilization of associated gas and objectives for the incentives. computation of posted prices, issues on prospecting companies MOU, joint ventures, contracts, production sharing contract in petroleum operations; Taxation of mineral mining, Double taxation; Tax implication of mergers and acquisitions; concepts of deferred tax; and tax distortion under inflationary conditions. Taxation of specialized businesses: real estate; agriculture; transportation and telecommunication.

  4. ACC442: Auditing and Investigation

    (3 credit units)

    Audit policy, audit verification; Audit of group accounts, subsidiaries, assessment of materiality, and the application of judgment, post-audit client review. Specialized audit: audit of accounts of solicitors, charitable organization, investment companies, non-profit organization, farmers accounts; hospitals; hotels; pension trust funds, insurance companies and banks, primary mortgage institutions; insolvency and business recovery; due diligence; review of mergers; acquisitions and business combinations. Public Sector audit: Appointment; powers and functions of auditor general of the federation; state and local government. Role of public accounts committee in the audit process, internal audit in the public sector: value for money audit; ministries, parastatals. Auditing of computerized accounting systems: Understanding the impact of information Technology in audit environment; Application of Audit assisted Auditing Techniques (CAATs), in audit process, The role of auditor in IT security controls implementation; internal control environment; overview of general and application control, IT general control – COBIT framework. Investigation: Investigation procedures; investigation for clients on investments, acquisition of a business, prospectus investigation and reporting; the concept of going concern audit. Issues in audit practice: Organisation and conduct of professional office. Office and office facilities, partners’ relationship; staff and management; quality control, training; appraisal of expectation gap; responsibilities for fraud detection, prevention; reporting errors, omissions, misstatement and other irregularities. Auditor’s liability and Decided cases

  5. ACC452: International Accounting

    (2 credit units)

    Issues in audit practice: Organisation and conduct of professional office. Office and office facilities, partners’ relationship; staff and management; quality control, training; appraisal of expectation gap; responsibilities for fraud detection, prevention; reporting errors, omissions, misstatement and other irregularities. Auditor’s liability and Decided cases

  6. ACC462: Accounting Practical’s

    (2 credit units)

    Practical computer practice using Microsoft words, Microsoft excel Microsoft access, pastel evolution, pastel partner, quick books, quick view, Peachtree.

  7. ACC492: Research Project

    (6 credit units)

    Developing students’ skill in analyzing and writing reports based on an empirical or library study of a specific subject matter or topic in relevant areas of Administration and Management Studies. Students should present a research-based report of not less than 2,000 words at the end of the session. Students’ will be allocated supervisors in the first semester to assist them for the research work.

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