Accountancy

PGD ACCOUNTANCY PROGRAMME

 

1.1       Philosophy

The philosophy of the Postgraduate Accountancy Diploma programme is to provide remedial professional and academic training in basic courses in Accountancy and to prepare graduates of universities or those with equivalent qualifications in Accountancy to either pursue postgraduate degree programmes in the field of study or prepare them for managerial positions in Accounting practice.

 

1.2       Objectives

The Postgraduate Diploma (Accountancy) is designed to:

  • Provide understanding of the core courses in Accountancy
  • Provide knowledge of the basic skills and tools for decision making in the discipline in the private and public sectors.

 

1.3       Scope

The Postgraduate Diploma (PGD) degree programme in Accountancy consists of course work, and project report. Students will complete relevant courses in addition to project work on a selected topic to be carried out under an approved postgraduate supervisor and submitted by each student as a part of the requirements for the award of the Postgraduate Diploma (PGD) degree in Accountancy of the Department of Accountancy.

 

 

1.5       Mode of Study

The mode of study for the Postgraduate Diploma (PGD)programme in Accountancy shall be by course work and project report.

 

1.6       Duration

The minimum duration for the Postgraduate Diploma (PGD) programme in Accountancy shall be as follows:

 

  1. Full-time Diploma: Two (2) semesters.
  2. Part-time Diploma: Three (3) semesters.

 

 

1.7       Employment Opportunities

The programme is designed to enable students acquire both theoretical and practical knowledge/professional in accounting in line with the global practice. There are job opportunities in the society for graduates in Accountancy in both private and public sectors such as government ministries, hospitals, small and medium scale enterprises, educational institution, etc. Graduates can also be self-employed in small and medium scale businesses.

 

Stress Areas:                                                                                      Codes

Foundation courses                                                                                         0

Introduction to Cost and Management Accounting                                       1

Auditing and Economics                                                                                2

Taxation                                                                                                          3

Computer Application in Business                                                                 4

Public Sector Accounting                                                                               5

Quantitative Techniques                                                                                 6

Introduction to Research                                                                                 7

Nigeria Economy                                                                                            8

Project Report                                                                                                 9

 

 

Course Listing

PGD Accountancy

FIRST SEMESTER                                                                                  

 

Course Code  Course Title (Core Course)                                      Units

ACC 701                     Principles of Accounting                                            2

MAN 701                    Principles of Management                              2

BAF 721                     Principles of Finance                                                  2

ACC 761                     Quantitative Techniques                                             2

ACC 771                     Introduction to Research Methodology                      2

ACC 723                     Auditing Principles and Practice                                2

BAF 731                     Principles of Micro Economics                                  2

Total Units                                                                                                     14

 

 

 

 

SECOND SEMESTER

 

Course Code  Course Title (Core Courses)                                    Units

ACC 732                     Principles of Taxation                                                 2

BAF 732                     Principles of Macro Economics                                  2

ACC 712                     Introduction to Cost and Management Accounting   2

ACC 742                     Computer Application in Business                             2

ACC 790                     Research Project                                                                     4

 

 

 

 

Elective Courses(2 courses are to be chosen from its electives)

ACC 754                     Public Sector Accounting                                           2

ACC 782                     Nigerian Economy                                                      2

BAF 726                     Business Finance                                                        2

BAF 722                     Micro & Small Business Finance                               2

Total Units                                                                 16

                                    Aggregate Total Unit                                                           30

 

Course Description

ACC 701        Principles of Accounting (2)

This course is designed to expose students to the principles of the core courses in accounting. The topics include: The basic principles and concepts of accounting in business organizations; Double Entry Bookkeeping, Ledgers and Journals, Trial Balance; Basic theory and practice of cost and management accounting, auditing (internal and external), public sector accounting, financial and taxation; Final Accounts of sole proprietorships, partnerships and registered companies;  incomplete records and accounts of non-trading organizations; types of income; underlying assumptions in income reporting, economic and accounting concepts of income.

 

MAN 701        Principles of Management (2)

Principles of organization; classical organization theory human relations school, informal organization; bureaucracy, politics and administration relations; personnel administration, administrative decision-making, control and accountability ; organization of job design analysis and staffing.

 

BAF 721         Principles of Finance (2)

This is an introductory course to enable students understand basic concepts in finance. The area covered include: money creation, credit operations and monetary control, savings mobilization, interest rates and lending  process, money and capital markets, the foreign exchange markets, financial intermediation processes, sources of capital, short and long term capital, internal and external finance, corporate securities, debt and equity finance, the Nigerian banking system and the Central Bank of Nigeria’s traditional and development roles, bank capitalization and recent developments in Nigeria and global financial systems.

 

 

ACC 761        Quantitative Techniques (2)

The nature and objectivity of statistics, frequency distributions, measures of dispersion, essential of probability and statistical distribution, basic sampling techniques, decision theory, index numbers, time series, correlation and regression analysis. Introduction to linear programming, practice in the use of Computer in problem solutions. Nature of quantitative techniques in accounting for business operations, tools of quantitative analysis, optimization techniques, use of model formulation and learning curve, estimation of cost behavior patterns and network models: PERT and CPM.

 

ACC 771        Introduction to Research Methodology (2)

Students will be exposed to academic research in social sciences, guiding  principle of academic enquiry in accountancy and general framework on project reporting, problems of research in developing countries, common errors in research, problem identification, literature review, material and methods, results (Data analysis), discussions, summary, conclusions and recommendations, report writing. Students shall be given assignments and surveys to be conducted using ICT applications & tool example survey money, in order to Create Surveys, Event Planning, Sharing surveys and making use of available templates.

 

ACC 723        Auditing Principles and Practice (2)

The nature and purpose of an audit, the role of internal and external auditors, reporting responsibilities, appointment dismissal and resignation of auditors. Independence of auditors: relationship of auditors to directors, shareholders and other financial statements users. Audit planning: initial review of accounting system, evaluation of internal control systems and procedures – couching of accounts, verification of assets, sampling technique, flow charting, charting, stock taking procedures, letter of representation. Audit reports: statutory requirements for audit report (Companies Act, 1990), types of audit reports, professional requirements, duties and power under statue and case of independence and ethical considerations.

 

BAT 731         Principles of Micro Economics (2)

Economic system and organization, demand and supply, individual consumer behavior, the utility and indifference curve approaches. Market classification, the principles of production, the firm and perfect competition, pure monopoly, monopolistic and oligopolistic competitions, pricing and employment or resources.

 

ACC 732        Principles of Taxation (2)

Basic concepts in taxation: elements of tax, formal and effective incidence of tax, tax shifting, direct and indirect taxes, tax shifting welfare effect of taxation of tax, criteria to be observed in choosing equitable tax, distribution of the burden of taxation. The income tax laws including the income tax management Act 1961, the companies income tax 2007, the petroleum profit tax 1959, the income tax (forces and other persons) (special provision) act 1972 and relevant amendments. Computation of income tax, including computation and treatment of capital allowances and loses, chargeable income and tax payable.

 

BAF 732         Principles of Micro Economics (2)

The emphasis in this course is on the macro or aggregative aspect of the economy. Topics include National Income Account, the Determination of the level of Aggregate Output, Employment and Prices, the Monetary system, Monetary and Fiscal policies, Economic Growth, and International Monetary Economics.

 

ACC 712        Introduction to Cost and Management Accounting (2)

Nature, scope and functions of cost management accounting. The principles underlying the preparation and presentation of cost accounts for various types of businesses. The elements of cost. Cost accounting for materials, labour, overheads and equipment. The different meanings of costs, viz: historical, managerial, average etc. costing methods, jobs and process cost accounting, elements of marginal costing and budgetary control, double entry accounts for cost control. Nature and use of accounting ratios, some current problems and issues.

 

ACC 742        Computer Applications in Business (2)

Introduction to basic programming, data types, constant and variables, statement types, assignment statements,  input outcome statements, control statements, introductory lectures on Ms-office, MS – wor, MS –PPt, MS-Access, MS-Excel, Hands on SPSS, Accounting Software.

 

ACC 754        Public Sector Accounting (2)

Introduction to public sector accounting distribution between public and private sectors, basic accounting for no-for-profit (NFP), classification of NFP, basic characters of governmental accounting. Structures of governmental accounting in Nigeria. The treasury audit department, consolidated revenue fund, capital and development fund, fund accounting system ad n standardized uniforms for transactions. Decision making and planning and control of public fund application of costing methods, budgeting procedures, the use of audit department accounting for local government, educational and health institutions.

 

ACC 782        Nigerian Economy (2)

The national development plans and their implications for growth and economic development. The ideological conflicts in Economics Planning, Capitalism, Socialism, Mixed Economic, International Trade and Bilateralism Economics Cooperation in West Africa, Major Economic Infrastructures. The Nigerian Capital Money Markets, Economics of Housing and Urban Development, the Indigenization Decree, the problem of Growth and Investment Opportunities in Nigeria, Land Tenure and its impact on Agricultural Development, Manpower Development, Shortages and implications, the Supply/Demand situation in Nigeria.

 

BAF 726         Business Finance (2)

Federalism and public finance, direct and indirect taxation in Nigeria, operation of federal and state finance fiscal system, public debt policy, role of public corporations and marketing boards, role of central bank, commercial and development banks; the budgeting cycle and public expenditure control, budgeting process.

 

 

 

BAF 722         Micro & Small Business Finance (2)

This course focuses on the nature and operational character of the small business in Nigeria in terms of its socio-economic significance, operational procedures and problems. Topics covered include: The nature of Small Business, Incorporating and starting a small Business in Nigeria, Idea Generation for a small Business, Raising Small Business Finance and the Small Scale Industries Credit Scheme,. Investment Strategies for a Small Business, Production Management, Marketing and Personnel Administration in the Small Business; Ensuring cost-effectiveness and greater productivity, Planning for growth in the Small Business, Succession Crises, Problems and Future of Small Business in Nigeria.

 

ACC 790        Research Project (4)

Students will be required to present a well researched paper in any relevant topic of their choice, approved by their supervisor and presented as part of the requirements for the award of PGD in Accountancy. The project must make valuable contribution to knowledge in areas of accounting in business world.