Crawford University
STUDENTS’ HANDBOOK
(2011 - 2013)
COLLEGE OF BUSINESS AND
SOCIAL SCIENCES
ACCOUNTING
PROGRAMME
i
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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 Samdaodu@gmail.com
080333040269
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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
Department
36
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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:
vc@crawforduniversity.edu.ng
registrar@crawforduniversity.edu.ng
dean-cbss@crawforduniversity.edu.ng
hod-managementstudies@crawforduniversity.edu.ng
hod-econsaccfin@crawforduniversity.edu.ng
hod-soc-irpm@crawforduniversity.edu.ng
hod-polsciir@crawforduniversity.edu.ng
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:
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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
B.Sc. (Hons) Ife, MLS. (Ibadan)
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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.
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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
1.
Prof. Olusola Ojo
2.
Mr. Sunday
Ogunkorode
3
Miss. Victoria
Udoh
DESIGNATION
Dean
Personal Secretary
Executive Officer
QUALIFICATION
PhD, M.Sc., B.A
NCE, Dip. in Computer
Studies, WASC
B.Sc, WASC
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HEADS OF DEPARTMENTS
DEPARTMENTS
1.
2.
3.
4.
HEADS
Management Studies
Yalokwu
Sociology & IRPM
Simpson
Economics, Accounting & Finance
Macaver
Political Science & International Relations
Adeola
Prof. P.O.
Prof Alaba
Dr. O.J.
Dr. G.L.
S/N PROGRAMMES
HEADS
QUALIFICA
TIONS
1
2
Business Administration
Marketing
Prof P.O. Yalokwu
PhD, MBA,
B.Ed.
3
4
Sociology
Industrial Relations &
Personnel Management
Political Science &
International Relations
Economics
Accounting
Banking & Finance
Prof. Alaba Simpson
PhD, M.A.,
B.A.
PhD, M.Sc,
B.Sc.
5
6
7
8
Dr G.L. Adeola
Dr. O. J. Macaver
PhD, M.Sc.,
B.Sc.
COLLEGE OFFICIALS
S/N NAME
1.
Mr. Ogunleye
Kolawole Oni
DESIGNATION
College Officer
QUALIFICATION
M.Ed, B.Ed, Dip Ed
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2.
3
4.
Mrs. Temitope
Ruth Imafidon
Mr. Joseph
Majasan
Mr. Nwabueze
Nwankwo
Assistant Executive
Officer
Data Processing
Officer
NYSC Member
B.Sc (Ed), Dip Ed
B.Sc (Computer
Science)
B.Sc. (Agric)
PAST AND CURRENT DEANS OF THE COLLEGE
1.
2.
3.
2005 – 2008
2008 – 2009
2009 – till date
Prof. B. A. Babalola
Prof. F. O. Adewunmi
Prof. Olusola Ojo
PAST AND .CURRENT COLLEGE OFFICERS OF THE
COLLEGE
1.
2.
3.
4.
Mrs. P. A. Ajeyalemi
Mrs. C. M. Majasan
Mrs. C. G. Ogugua
Mr. O. K. Oni
2008/2009
2009/2010
February 2010-September 2010
September 2010 till Date
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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
Prof. Olusola Ojo
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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
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Departments also organize career and motivational talks from time to
time for the students among other activities
3.
College Standing Committees
The Board and other Statutory Committees of the College are
concerned with the consideration of all academic matters, for example,
curriculum development, conduct of examinations and consideration of
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
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


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
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
 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)
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e.
College Seminars Committee
Composition
 Nominee of the Dean as Chairman
 One (1) Representative from each Department
 College Officer- Business and Social Sciences(Secretary)
f.
College Management Committee
Composition
 Dean, College of Business and Social Sciences
 All Heads of Department in the College
 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
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4. Management Studies
a. B.Sc. Marketing
b. B.Sc. Business Administration
COLLEGE OF BUSINESS AND SOCIAL SCIENCES
DEPARTMENT PROGRAMMES DEGREE
NOMENCLATURE
Economics,
Accounting,
B.Sc Accounting
Accounting &
Economics,
B.Sc Banking& Finance
Finance
Banking &Finance B.Sc Economics
Management
Business
B.Sc Business
Studies
Administration
Administration
Marketing
B.Sc Marketing
Political Science Political Science
B.Sc Political Science&
and International & International
International Relations
Relations
Relations
Sociology &
Sociology &
B.Sc Sociology
IRPM
IRPM
B.Sc IRPM
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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.
I.
II.
III.
IV.
Objectives
To produce graduates who have the ability to understand the
basic language of all the disciplines in the social and business
environment globally.
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.
To produce graduates who can comprehend, and proffer
solutions to the basic challenges confronting the nation.
To prepare the students for career prospects in Industrial
Relations, Sociology, Economics, Accounting, Finance, Political
Science, Management Studies and Marketing.
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ADMISSION REQUIREMENTS
COURSE
PROGRAMME
REQUIREMENTS
UTME
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
Economics
Accounting
Business
Adm./
Marketing
UTME
SUBJECTS
SPECIAL
CONSIDERA
TION OR
WEAVER
REMARKS
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
NCE or Two (A
Level) Passes in
Economics any one
of Maths, Statistics,
Geography, Physics,
Agric Sc.,
Accounting,
Business
Management,
History &
Government
NCE or Two A
Level Passes in
including
Economics
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
Five SSCE
credit passes
including
English
Language
Maths,
Econs.
Econs,
Statistics
and any
other Social
Sciences
subjects
Foundation
Programme
of Crawford
University for
Accounting
NCE or Two (A
level) passes
including
Economics
Five SSCE
credits passes
including
English
Economics,
Maths any
other from
Government
Crawford
accepts NCE
with Upper
credit in
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Mathes,
Econs
, History or
Lit-inEnglish
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
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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.
2.
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.
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.
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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
supervised by a Supervisor
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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
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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)
1.
2.
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:
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.
i.
A full-time student is one who carries not less than
the minimum load stipulated in the College
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.
ii.
iii.
The maximum load permissible per semester is 24 credit
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time studentship and 6 semesters 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.
(B)
iv.
The maximum load permissible per semester is 24 credit
units, whilst the minimum load is 18 credit units for fulltime 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.
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
Economics
108
165
Accounting
129
170
Banking & Finance
126
171
Political Science & International
144
225
Relations
Sociology
160
168
Industrial Relations & Personnel
144
192
Management
Marketing
105
148
Business Administration
109
150
Programme
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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
iii.
A student on probation is allowed to register for courses
at the next higher level in addition to his/her probation
level courses provided that:
(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,
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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 3year
100 – 199 – (100 level courses)
200 – 299 – (200 level courses)
300 – 399 – (300 level courses)
400 – 499 – (400 level courses)
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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.
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(C)
Course Assessment
i.
ii.
(D)
(E)
All courses shall normally be evaluated by
examinations and Continuous Assessment shall
be done through essay and tests.
Scores from Continuous Assessment shall
constitute 30% of the final marks for courses,
which are primarily theoretical.
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.
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)
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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.
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.
Examination offences are considered as breach of
the matriculation oath and it may attract the
following sanctions:
vii.
viii.
28
Accounting
S/N
Offence
Punishment
(maximum)
Unless
otherwise stated
(i)
Non-display of ID card
Suspension
(ii)
Noise making during an examination Suspension
(iii)
Refusal to submit oneself for search Suspension
by an invigilator
(iv)
Use of scrap papers with written Suspension
notes in Examination hall
(v)
Illegal possession of the University Suspension
Answer sheets (Whether used or
unused)
(vi)
Mutilation or removal of any paper Suspension
or answer script supplied
(vii) Failure to submit answer script to Suspension
invigilator after an examination
(viii) Oral
communication
between Suspension
candidates during an examination
(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:
29
Accounting
GPA = TCP/TNU
Where
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
(H)
LETTER
GRADE
GRADE
POINT
70 AND
ABOVE
A
5
60 – 69
B
4
50 – 59
C
3
45 – 49
D
2
40 – 44
E
1
39 – 0
F
0
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
30
Accounting
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
4.50 – 5.00
3.50 – 4.49
2.40 – 3.49
1.50 – 2.39
1.0 – 1.49
CLASS OF DEGREE
First Class Honours
Second Class Upper
Second Class Lower
Third Class
Pass
31
Accounting
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.
32
Accounting
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.
33
Accounting
ACCOUNTING
34
Accounting
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.”
MACAVER, Okerhe Joseph (Ph.D.)
(Head of Department)
35
Accounting
DEPARTMENT OF ACCOUNTING.
ACADEMIC STAFF
S/N
FULL NAME
DESIGNATION
QUALIFICATION
SPECIALISATION
1.
Prof.
1 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,
Management
Accounting.
B.Sc
5.
DR.ENAHORO, JOHN
Senior
Lecturer
(Sabbatical)
Ph.D, M.phil,
MBA,
Management
Accounting.
B.Sc
6.
DR.IYOHA, FRANCIS
Senior
Lecturer
Ph.D, M.Sc,
International
Accounting/Auditing
B.Sc
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.
36
Accounting
10. MR. OLADIRAN,
ROTIMI
Lecturer I
M.Sc, FCA, B.Sc.
Financial
Management
11. MR. OMOPE, SEHINDE.
Assistant
Lecturer
M.Sc, B.Sc, ACIT
Auditing/Taxation.
S/N
1
2
3
10
NON- ACADEMIC STAFF
FULL NAME
STATUS
Mrs. Imafidon, Temitope Ruth
Administrative Officer
Miss Owolabi, Florence Adeseeke
Secretary/Typist
Mrs. Sonuga, Ronke
Office Attendant/Cleaner
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
37
Accounting
in a broader socio-economic context; and draw economic policy
inferences and to recognize the potential constraints in their
implementation. The department seeks to produce graduates with
enthusiasm, capable of making significant contributions to the
economy and the academia in 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
38
Accounting
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;
39
Accounting
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
of that knowledge in a range of settings;
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
40
Accounting
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.
41
Accounting
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
supervised by a Supervisor
COURSE STRUCTURE.
100 Level
Semester &
Prerequisite
Course
Grouping
Course
Code
Course Title
L-T-P in
Hours
Credit Units
1st
ACC 101
Compulsory
Introduction to
Financial
Accounting I
-
20–10–0
2nd
2
-
42
Accounting
Courses
ACC 102
Introduction to
Financial
Accounting II
-
20–10–0
-
2
BSS 105
Mathematics for
Business &
Social Sciences I
-
30–15–0
3
-
BSS 101
Principles of
Economics I
-
30–15–0
3
-
CSC 101
Introduction to
Computing
-
30–15–0
3
-
BSS 106
Maths for Bus &
Soc Sciences II
-
30–15–0
-
3
GST 101
Use of
English/Library&
Information
Sources I
-
20–10–0
2
-
GST 103
Music
Appreciation I
-
20–10–0
1
-
GST 105
Introduction to
Logic &
Philosophy
-
20–10–0
2
-
GST 107
Foundation of
Psychology I
-
20–10–0
2
-
BUS 101
Principle of
Management I
-
20–10–0
2
-
ECN 102
Principles of
Economics II
30 -15- 0
-
3
FIN 102
Introduction to
Finance
30- 15- 0
-
3
GST 102
Use of
English/Library&
Information
Sources II
20- 10- 0
-
2
-
43
Accounting
Elective
Courses
GST 104
Music
Appreciation II
GST 110
-
20- 10- 0
-
1
History and
Philosophy of
Science
20- 10- 0
-
2
GST 108
Foundation of
Psychology II
20- 10- 0
-
2
SOC 101
Introduction to
Sociology I
-
30 –15– 0
3
-
POL 101
Introduction to
Political Science
-
30– 15– 0
3
-
23
18
TOTAL (41 Credit Units)
200 Level
Course
Grouping
Compulsory
Courses
Course
Code
Course Title
Prerequisite(s
)
Semester &
L-T-P in
Hours
Credit Units
1st
2nd
ACC 201
Principles of
Financial
Accounting I
-
30- 15 -0
3
-
ACC203
Introduction to cost
Accounting I
-
30-15 -0
3
-
ACC 207
Business Finance 1
-
30-15-0
3
-
BUS 211
Business Statistics I
-
30-15- 0
3
-
44
Accounting
BUS 203
Introduction to
Business
-
30-15-0
3
-
ECN 201
Principles of
Microeconomics I
-
30-15-0
2
-
ECN 203
Principles of
Macroeconomics I
-
30-15-0
2
-
GST 207
Music appreciation
III
-
10-10-0
1
-
GST 209
Peace and Conflict
Resolution
-
20-10-0
2
-
GST 202
Entrepreneurial
development
Studies I
-
10-10-0
1
-
ACC 202
Principle of
Financial
Accounting II
-
30-15-0
-
3
ACC204
Introduction to Cost
Accounting II
-
30-15-0
-
3
ACC206
Computer
Appreciation in
Accounting
-
30-15-0
-
3
ACC208
Business Finance II
-
30-15-0
-
3
ECN 202
Principles of
Microeconomics II
20- 10 -0
-
2
ECN 204
Principles of
Macroeconomics II
20 -10 -0
-
2
GST 208
Music Appreciation
IV
10-10- 0
-
1
BUS 212
Business Statistics
II
30- 15 -0
-
3
45
Accounting
GST 212
Entrepreneurial
development
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
Organizational
Behaviour
20 – 10- 0
-
2
23
23
TOTAL (46 Credit Units)
300 Level
Semester &
Prerequisite
Course
Grouping
Compulsory
Courses
Course
Code
Course Title
L-T-P in
Hours
Credit Units
1st
2nd
ACC 301
Financial
Accounting I
30- 15 -0
3
-
ACC 303
Taxation I
30- 15 -0
3
-
ACC 305
Management
Accounting I
30- 15 -0
3
-
ACC 307
Financial
Accounting I
30- 15 -0
3
-
46
Accounting
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
22
22
TOTAL (44
Credit Units)
47
Accounting
400 Level
Semester &
Prerequisite
Course
Grouping
Course Code
Course Title
L-T-P in
Hours
Credit Units
1st
Compulsory
Courses
2nd
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
-
3
ACC 410
Research Project/
Original Essay
30-15-0
-
6
ACC 412
Public Finance
30-15-0
-
3
30-15- 0
48
Accounting
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,
materiality and objectivity. The users and the uses of accounting
information. Classification of account. The business environment e.g.
type of business activity, mode of ownership, trading on credit and
source document.
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.
49
Accounting
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
ACC 203:
INTRODUCTION TO COST ACCOUNTING
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.
50
Accounting
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, closedown, 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 etc. Capital market efficiency- concept, assumptions,
forms and implication of market efficiency.
51
Accounting
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; HirePurchase; 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
52
Accounting
performance evaluation; inter-firm; targets; historical achievements;
international department or segment analysis.
ACC 303 :
TAXATION I
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
53
Accounting
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
ACC 305:
MANAGEMENT ACCOUNTING I
An overview of management accounting techniques. Marginal costing
and absorption costing. Break-even analysis, Cost-Volume- profit
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 uncertaintymeasurement 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:
ANALYSIS
INTRODUCTION
TO
ECONOMETRICS
FOR
DATA
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.
54
Accounting
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 estimatesautocorrelation, 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 19591973; 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.
55
Accounting
Accounting and ethical issues in Business ethics and
accounting.
ACC 310:
creative
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
ACC 314:
INDUSTRIAL TRAINING
At 300 Level, students are expected to proceed on a three months
industrial training. They are expected to sort out placements in
corporate organizations in approved major towns in Nigeria. They are
also expected to acquire a logbook for daily recording of their activities
in their respective approved placements; for evaluation and grading by
the department.
56
Accounting
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 subsystems; 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
57
Accounting
information output as a basis for developing, criteria and system;
Information needs of management and design of MIS. Computer and
data processing evolution of the computer and the computer system
input, output and control processing unit; Hardware an 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 system hierarchical
structures of organization, the sub optimization issue.
ACC 404:
INTERNATIONAL ACCOUNTING
Preparation, and analysis of financial statements for companies that
have branches of foreign multinational companies; Multinational
enterprises, objectives and operations; International accounting
standard (IAS) various accounting and control problems of foreign
companies; Method of transfer of dividends; Cost of foreign products;
Translation of financial statement of foreign subsidiary; International
taxation, international transfer pricing etc.
ACC 405:
FINANCIAL MANAGEMENT
Financial capital structure: evaluation of various sources of finance,
concept and measurement of various costs of capital, optimal capital
mix, weighted average cost of capital (WACC) and capital structure
theories. Merger and acquisition: need, purpose, types, valuations,
motives etc. Dividend policy decisions: types theories and
determinants. Working capital management: nature, cash operating
cycle, credit policy and cash management. International financial
management: exchange rate determination, hedging against currency
risks. The role of the financial institutions in financing international
trade: International Monetary Fund (IMF), Bank of industry (BOI)
Nigerian Export-import Bank (NEXIM) etc.
58
Accounting
ACC 407:
AUDITING & INVESTIGATION
Application of Information Technology in auditing – understanding the
impact of information technology in auditing environment; using
Computer Assisted Auditing Technique (CAATs) and testing
information technology system controls, responsibility of auditors as
regards information technology, security and computer related crimes
in an organization; Assurance Reporting – Audit report (Statutory and
non- statutory, qualified and unqualified), Reviewing subsequent
events, going concern status, management representation and the
truth and fairness of financial statements; relationships of auditors
with audit committees and third parties; Investigation –
Circumstances, principal classes of investigation, golden rules, general
procedures to follow, matters beyond the accounts.
ACC409
:
TAXATION 11
Personal Income tax: individual, sole traders, partnership, etc.
Companies income tax, Withholding tax, Capital gain tax, Trust
settlement and Estates taxation, value added tax and stamp duties,
petroleum profit tax, pioneer activities and double taxation relief.
Taxation of specialized businesses including agriculture, transportation,
banks and telecommunication. Petroleum Profits Tax (PPT)
Administration of PPT;
ACC 410:
RESEARCH PROJECT/ORIGINAL ESSAY
Developing students skill in analyzing and writing reports based on an
empirical or library study of a specific subject matter of topic in
accounting related areas such as financial, auditing, taxation and
management accounting. Students will be required to present a
research-based report of not less than 2000 words at the end of the
session.
59
Accounting
ACC 411:
PUBLIC SECTOR ACCOUNTING
The constitutional provision on revenue, revenue allocation and public
expenditure (federal, state and local government); The provision of the
Finance Control and Management Act of 1958 as amended for federal
and state governments; Financial Regulation for Federal and State and
the Financial Memoranda in Local Government; The generally accepted
accounting principles applicable; Accounting concepts, bases, and
principles relevant to government accounting; The concept of funds its
relationship to the entity concept; Professional pronouncements on
government accounting by the United Nations, the International
Consortium and Government Financial Management, Chartered
Institute of Public Finance and Accounting (CIPFA) and International
Federation of Accountants (IFAC); The institutional framework – nature
and types of financial controls in government; Planning and budgeting
– Zero Based Budgeting (ZBB), Programme Performance Budgeting
System (PPBS). Preparation and appraisal of budgets; Government
accounting processes; Ministerial accounting system; Financial
reporting; Interpretation of government financial statements.
ACC 412:
PUBLIC FINANCE
Financial provisions of enabling laws for the relevant utilities,
authorities, Parastatals, boards, corporations, agencies, and tertiary
educational institutions; Financial reporting, receipts & payments,
income and expenditures accounts, the balance sheet, value – added
statements, cash flow statement and five year financial summary;
Application of cost and management accounting principles in
governments and governmental bodies; Main sources of revenue and
capital finance; Nature and structure of public expenditure; Borrowing
policy and public debts (funded and unfunded debts external loans,
multilateral, Paris club, London club, Promissory notes, others; Debt
management strategies – loans pooling and consolidation, loans re60
Accounting
scheduling, debt-equity swap and debt forgiveness; Principles and
practice of federalism fiscal capacity, loans re-scheduling, debt-equity
swap and debt forgiveness; Inter-governmental fiscal relations,
Nigeria’s experience with revenue allocation; Fiscal Policy – public debt
as an alternative to taxation (causes and consequences),the macro
economic framework for national income analysis, Keynesian model,
stabilization policies, the incidence, locative, distributional and
stabilization effects of different forms of taxation and current
expenditure in Nigeria, assessment of public sector projects and
services; The theory and practice of grant in relation to state and local
government, Project appraisal in public sector – cost benefit, costoutcome analysis, cost effectiveness, analysis.
61
Accounting
Notes on Total Maximum
11
Summary of Recommended Units per Level
Level
Semester
Compulsory
Unit
Elective
Unit
Total
First
20 units
3 units
23 units
100
Second
18units
-
18 units
200
First
23 units
-
23 units
Second
23 units
-
23units
First
22 units
-
22units
Second
22 units
-
22 units
First
21 units
-
21 units
Second
18 units
-
18 units
300
400
62
Accounting