Accountancy

MBA REGULAR PROGRAMME IN ACCOUNTANCY

 

1.1       Philosophy

The MBA programme in Accountancy is designed to produce highly skilled competent and qualified professional managers capable of assuming leadership roles in the public, private and international organizations. MBA students are exposed to the theoretical and practical concepts and tools necessary for effective study and work. They are also given broad orientation that will enable them t function maximally in the application of their knowledge and skills to the business environment and public sector for which they are being prepared. It is designed for graduate and professionals accountants who already have intermediate and highest level of competence respectively in the accounting professional to enable them work harmoniously with professionals from other fields.

 

1.2       Objectives

The Master’s Degree in Business Administration is aimed at:

  1. Providing students with the knowledge and professional skills to enhance their performance as Managers and Accountants and enable them assume broader responsibilities in the rapidly changing environment faced by the private and public sectors.
  2. The provision of knowledge required for understanding practical analytical problems related to management/and administration of public, private and international organizations.
  • Producing managers who are capable of applying appropriate management principles and techniques of problem solving in the Nigeria environment and the world at large.
  1. To produce socially responsible managers who are mindful of accepted norms and ethics.
  2. To produce managers who are equipped with relevant ICT knowledge and skills.
  3. To produce managers with entrepreneurial skills and leadership qualities.
  • To produce interested individuals with the necessary competencies and skills to function effectively as academics in Business Administration.

 

1.3 Scope

The MBA programme in Accountancy consists of course work, on-the-job project and project report. Students will complete relevant course in their various stress areas in addition to project work on a selected topic from their area of study to be carried out under the supervision of approved postgraduate supervisor, and submitted by each student as part of the requirements for the award of the Master of Business Administration in Accountancy.

 

 

1.5       Mode of Study

The mode of study for the programme of Master or Business Administration in Accountancy shall be by course work, seminar, on-the-job project and project report.

 

1.6       Duration

The duration for MBA Degree Programmes in accountancy shall be:

  1. Full-time: Four (4) semesters.
  2. Part-Time: Five (5) semesters.

 

1.7       Employment Opportunities

There are job opportunities of managerial positions in the society for graduates who have undergone a study in MBA programmes in Accountancy in both private and public sector establishments such as government ministries, hospitals, small and medium scale enterprises, and educational institutions. Graduates can also be self-employed as entrepreneurs and can render consultancy services.

 

 

Area of Specialization

MBA Accountancy

 

 

Stress Areas

Practical Works                                                                                  0

Management Accounting                                                                    1

Financial Accounting                                                                          2

Corporate Merger & Governance                                                       3

Graduate Seminar                                                                               4

Accounting for Public Sector                                                             5

Business Law                                                                                      6

Research Method                                                                                7

Audit and Taxation                                                                             8

Project                                                                                                 9

 

 

 

COURSE LISTING:

MBA Accountancy

 

 

FIRST SEMESTER

Course Code              Course Title (Core Courses)                                    Credit Unit

ACC 801                     MIS and ICT Management                             3

ACC 813                     Quantitative Methods for Management                      3

BAF 811                     Corporate Finance                                                      3

MKT 811                    Marketing Management and Strategy                        3

ACC 811                     Managerial Accounting                                              3

ACC 871                     Research Methodology                                               3

Total Units                                                                                                     18

 

 

 

SECOND SEMESTER

Course Code              Course Title (Core courses)                                     Credit Unit

ACC 862                     Business and Company Law                          3

ACC 824                     Advanced Accounting Theory &

Financial Reporting                                        3

ACC 882                     Advanced Auditing and Assurance                3

ACC 884                     Taxation and Public Finance                          3

ACC 852                     Public Sector Accounting                               3

Total Units                                                                                         15

 

 

 

 

THIRD SEMESTER

 

 

Course Code              Course Title (Core Courses)                                    Credit Unit

ACC 823                     Human Resources Accounting                                   3

ACC 831                     Corporate Mergers and Acquisition                           3

ACC 821                     International Accounting                                            3

ACC 843                     Graduate Seminar                                                       3

BAF 833                     Managerial Economics                                               3

ACC 875                     Entrepreneurship                                                         3

Total Unites                                                                                                   18

 

 

FOURTH SEMESTER

 

Course Code              Course Title (Core Courses)                                                Credit Unit

ACC 804                     The On-the Job Project                                                           3

ACC 822                     Accounting for Derivatives and Financial Instruments          3

ACC 834                     Professional Ethics and Corporate Governance                     3

ACC 830                     Environment of Business                                                        3

ACC 836                     Corporate Strategy                                                                  3

MAN 874                    Organizational Behaviour                                                       3

MAN 803                    Introduction to General Management                                     3

MAN 812                    Operational Management                                                       3

MAN 843                    Human Resources Management                                             3

ACC 890                     Project Report                                                                         6

                        Total Units                                                                             72

 

 

 

 

 

DESCRIPTION OF COURSES

 

ACC 801 MIS and ICT Management (3)

Computer, history, system theory, system design and analysis data network, file structure and file organization. Principles of data design. Data manipulation and administration. Methods of data collection and coding and output. Principle of programme stored instructions and memory and backing store, input and output devices, data communication. Uses of computers in problem solving; its application to the solution of problems at the introductory level in capital budgeting and linear programming. IT application in accounting.

 

 

 

ACC 813        Quantitative Methods for Management (QMM) (3)

Basic elements of decision making under conditions of uncertainty, set theory, probability theory, classical statistics and statistical decision theory; linear programming, Primal and dual simplex algorithm, transportation and network analysis, concept of queuing theory, games, statistical inference and hypothesis testing, time series.

 

BAF 811 Corporate Finance (3)

The principles and procedures underlying financial statements; financial transactions, alternative accounting statements; tools or analysis or ratios and other qualitative measures; accounting information useful for managerial action; application of information in decision situations. Project Appraisal analysis of investment projects, the impact of risk, tax and inflation, the term structure of interest rates, the cost of capital and target rates of return; capital markets its efficiency, the role of intermediaries, sources of finance, the borrowing decision and company valuation and optimal portfolio allocation; capital structure optical capital structures of firms, mergers and acquisitions and the market for corporate control, market efficiency, the principle of capital structure, gearing and the basics of hedging and international finance.

 

MKT 811        Marketing Management & Strategy (MMS) (3)

Perspectives and problems of marketing management  in a multi-product firm, the concept and application of strategic planning to business units and functional area of marketing, utilization of current marketing strategy models as aids in strategy formulation, decision processes for product planning, pricing, promotion, distribution and competitive strategy.

 

ACC 811        Managerial Accounting (3)

Framework of modern management accounting. Cost and management accounting fundamentals; terms, principles, objective, techniques and theories, cost analysis and cost concepts; overhead product costing and cost concept absorption and marginal costing, attributable cost, relevant cost, buy to make decision, management audit, critical evaluation of variables analyses profit and cash planning, performance evaluation, motivation and human aspect accounting. Costing and costing systems – traditional vs non-traditional. Allocating costs and revenues – support service costs, fixed costs, joint product costs, bundled product revenues and customer profitability; spoilage and rework. Budgeting and investment decision-making. Cost drivers and cost estimation; standard costs and variance analysis; CVP analysis and accounting for decision-making; target costing, transfer pricing, performance measurement and strategic management accounting process; through-put accounting and the theory of constraints; quantitative applications in cost and management accounting.

 

ACC 871        Research Methodology (3)

Definition and types of research, problems associated with research in accounting especially in developing countries. Selecting and formulating project topics and titles. Expected contents of project. Literature review; strategies, scope, plagiarism, relevance, conceptual framework etc. citation and referencing. Research methodology, population and sample. Questionnaire design, validation and administration. Statistical measures and scales, parametric and non-parametric statistics, hypothesis testing. Reporting research findings. Application of computer packages.

 

 

ACC 862        Business and Company Law (3)

Familiarizes candidates with the legal aspect of business. Law of contracts, agency, hire purchase, carriage of goods, and related laws are examined. The company act and company miscellaneous matter decree are examined in depth.

 

 

ACC 824: Advanced Accounting Theory and Corporate Financial Reporting  (3)

History and development of accounting theory and corporate reporting practices, accounting postulates and concepts; users of accounting  information, income concepts measurement; disclosure requirement for statement of comprehensive income and statement of financial position. Ownership Equities and theories, classification of sources of capital, liquidation distributions, amalgamations and reconstruction, consolidated financial statements,  fixed asset valuation, human asset valuation, social responsible accounting, financial, financial reporting and price changes, concepts of depreciation and amortization, valuation of intangibles.

 

ACC 882        Advanced Auditing and Assurance (3)

Evolution of auditing, procedures with particular reference to internal control systems, internal audit functions; sampling and statistical techniques, auditing standards and guidelines including exposure drafts, post audit review, audit of accounts of solicitors, charitable and other non-trading organizations. The course will explain various models and mechanisms of corporate governance. Recognize the shareholder/stakeholder rights and responsibilities. Elucidate the issues pertaining to the board of directors and management. Expound on the audit committees, analyze the cooperate scandals along with corporate best practices. Summarize the legislations on cooperate governance and responsibility.

 

ACC 884 Taxation and Public Finance (3)

Tax theory, income tax for individuals, partnership and corporation tax, tax planning control, sales and company tax, value added tax. The Nigerian tax law. Tax planning in multinational context. An examination of government operations audits role in economic activity and distribution. Theory of public goods and its optimal distribution.

 

ACC 852        Public Sector Accounting (3)

This course covers topics such as; above and below the line items, financial transactions recording in public sector; public accountability and preparation of financial statements, roles of Accountant General, Auditor-General and Public Accounts Committee/National Assembly in the process of public accountability and roles of IPSASB and INTOLSAI. Financial management in the public sector. Budgeting and budgetary control, budgeting processes, systems and role of budgeting. Fund accounting, general and special funds. Fiscal federalism and revenue allocation in Nigeria. Management of the Federation accounts. Revenue mobilization, allocation and fiscal commission, the federation allocation accounts committee, the state joint accounts committee, the public accounts committee etc and the role of other control agencies (the EFCC, ICPC, the Due Process Office etc). Contemporary issues in public sector accounting

 

ACC 823        Human Resource Accounting (3)

Development of HUMAN Resources Accounting. Role of human resources accounting, uses of HRA in corporate financial reporting. Accounting for HR cost. Concepts and methods of measuring HR costs. Concepts and theory of accounting forHR value. Monetary and Non-monitory measurement methods. Designing and implanting HRA systems. Applications for improving management, training and personnel decisions. Recent advancement and future directions in HRA.

 

 

ACC 831        Corporate Merger and Acquisition (3)

This courses provides a concise overview of the merger and acquisition process, including the legal process, federal regulations and due diligence. The purpose of the course is to give the user a solid understanding of how mergers and acquisitions work, reasons why companies decide to merge, synergy values in merger and acquisition, several legal documents that solidify the merger and acquisition process, including a Letter of Intent, and the Merger & Acquisition Agreement.

 

ACC 821        International Accounting (3)

The course is designed for students interested in accounting and financial control of international operations.  It involves preparation, translation and analysis of financial statements for companies that have branches of foreign multinational companies.

 

ACC 843        MBA Research Seminar (3)

This seminar introduces students to the most recent research in the area of accountancy examining current issues and trends, student have an opportunity to present and discuss their own research and actively engage in the analysis and discussion of the works of others. Each student is expected to make at least one presentation during the course, focusing on the formulation, design, execution and result of his/her research.

 

BAF 833         Management Economics (ME) (3)

Application of principles from various fields in economics and business to management decision making; pricing mechanism, allocation of resources, profit drivers of the firm, revenue and cost drivers, interaction among the market players, firm’s strategy, understanding market forces, the meaning of competition, pricing and profits, market power good or evil, playing games I competition versus cooperation, playing games II Entry and Exit, Firms versus Markets, Make or buy, auctions and market design, economics of information.

 

 

ACC 875        Entrepreneurship (3)

Concept and objectives. Objective is to impact knowledge and skills required to start a business. Analysis of personal efficacy ad self awareness. Personal characteristics of entrepreneurs. Theories of entrepreneurship development. Identification of ideas and venture capital opportunities. Sources and availability of resources, finance, technology, manpower appropriate technology, government regulations, national and international regulatory and support environment; marketing plan, policy and strategy; accounting and keeping accounts financial statement, feasibility studies and project evaluation; students’ business plan.

 

 

 

ACC 804        The On-the Job Project (3)

The on-the-job project is a twelve-week programme spent observing a manager in challenging situation and reporting on what students observed and learned.

 

ACC 822        Accounting for Derivatives and Financial Instruments (3)

It is designed to help you understand how the derivatives market works for hedging interest rate risk and foreign currency risk, and how to account for hedging transactions under U.S. GAAP. Although some derivatives may be highly sophisticated and esoteric instruments, the vast majority of hedgers use plain vanilla contracts in textbook applications to manage their interest rate and foreign exchange rate exposures. The program also discusses the correct journal entries and disclosures relating to derivatives. Using “hands-on” case studies you will determine the correct earnings and OCI allocations, and compile appropriate disclosure amounts relating to ineffective hedge results and reclassification.

 

ACC 834        Professional Ethics and Corporate Governance (3)

This course is designed to provide students with an understanding of corporate governance issues, with a specific emphasis on listed public companies. It will provide a  framework for analyzing how different stakeholders, both internally and externally, influence the behavior of key parties within a listed public company. Students participating in this module will develop an understanding of the role that ethics has in business and professional work. Students will be exposed to the skills necessary to critically analyze the impact of ethics in the current business environment.

 

ACC 830        Environment of Business (3)

The basic objective of the course is to examine the legal, social, political and economic framework which business organization must operate in the Nigerian environment. Because of the pervasive influence of globalization and reduction of distance between nations, there value systems, language etc, international business environments will be explored.

Topic covered include: The concept, scope and nature of the business environment and environmental scanning. Legislations related to business. Ethical theories of business decision, social and cultural issues in business. Theoretical and practical issues of the Nigerian Political economy which dictates the basis of fiscal and monetary policies, macroeconomic management and business practices.

 

 

ACC 836        Corporate Strategy (CS) (3)

Conceptual framework and models for the analysis of competitive situations and strategic dilemmas; insight into strategic management; analyses of external competitive environment, industry structure, value chain dynamics, etc.

 

MAN 874        Organizational Behaviour (3)

Employees’ attitudes and behaviours in organizations. Analysis of how individual, group and organization characteristics influence employee behaviours such as participation and performance. Influence of managerial policies and practices on work attitudes and behaviors.

 

 

MAN 803        Introduction to General Management (IGM) (3)

Evolution of Management thought; functions and responsibility of general management, understanding global management, managing through processes, managerial values, managerial decision making, planning, organizing, directing and coordination, problems affecting the character and success of the enterprise, the design and implementation of cooperate strategy.

 

MAN 812        Operations Management (OM)

Issues in operations strategy, process analysis and the use of data and managerial opinion in making effective propositions to address the questions in the cases. Major economic decision, problems of production and operations management; aggregate production and work-force scheduling; multi-plant allocation of product, large scale project control (CPM and PERT); production and inventory control; demand forecasting; quality control; and short run job shop scheduling; the interaction of production problems with those of other functional areas, queuing theory, dynamic programming, multiple regression and correlation.

 

MAN 843        Human Resources Management (3)

Topic to be covered should include the scope, nature, methods and principles of organizational human resources management. The course could provide an overview of strategies and management practices in manpower planning techniques, staffing, human resources training and development performances management and system design, compensation designs and reward management, career planning and employee welfare, line and staff functions as well as the relationship between personnel department and other departments. Review of current principles and practices of human resources management in the Nigerian and global context.

 

ACC 890 Project Report (6)

MBA project is more elaborate than PGD in scope. Students are required to present a well researched paper on any topic of their choice in relevant areas and must be approved by their supervisor and presented as past of the requirements for the award of MBA n Accountancy. The project must make valuable contribution to knowledge in areas of accounting in the business world.