Department Of Accounting
Global Course Structure
100 Level
| Course Code | Course Title | Units | Status | LH | PH |
| GST 111 | Communication in English Language | 2 | C | 15 | 45 |
| GST 112 | Nigerian Peoples and Culture | 2 | C | 30 | – |
| AMS 101 | Principles of Management | 2 | C | 30 | – |
| AMS 102 | Basic Mathematics | 2 | C | 30 | – |
| AMS 103 | Introduction to Computing | 2 | C | 30 | – |
| AMS 104 | Principles of Project Management | 2 | C | 30 | – |
| ACC 101 | Introduction to Financial Accounting I | 3 | C | 30 | 45 |
| ACC 102 | Introduction to Financial Accounting II | 3 | C | 30 | 45 |
| UIL-ACC103 | Mathematics for Accounting | 3 | C | 45 | – |
| UIL-ACC106 | Accounting Theory | 3 | C | 45 | – |
| ECO 101 | Principles of Economics I | 2 | C | 30 | – |
| ECO 102 | Principles of Economics II | 2 | C | 30 | – |
| BUA 102 | Introduction to Business II | 2 | C | 30 | – |
| FIN 101 | Introduction to Finance | 3 | C | 45 | – |
| Total | 33 |
200 LEVEL HARMATTAN SEMESTER
| S/No. | COURSE CODE | COURSE TITLE | NO. OF CREDITS | STATUS |
| 1 | ACC 201 | Principles of Accounting II | 3 | C |
| 2 | ACC 205 | Cost Accounting | 3 | C |
| 3 | ACC 233 | Statistics for Accounting I | 3 | C |
| 4 | ECN 201 | Microeconomics I | 2 | R |
| 5 | FIN 201 | Business and Corporate Finance | 3 | R |
| 6 | ECN 203 | Microeconomics I | 2 | R |
| 7 | GNS 211 | Philosophy Logic and Nigerian Culture | 2 | R |
| TOTAL 18 | ||||
200 LEVEL RAIN SEMESTER
| S/No. | COURSE CODE | COURSE TITLE | NO. OF CREDITS | STATUS |
| 1 | ACC 204 | Financial Accounting Theory II | 3 | C |
| 2 | ACC 214 | Management Accounting I | 3 | C |
| 3 | ACC 224 | Introduction to Computer in Accounting | 3 | C |
| 4 | ACC 226 | Mathematics for Accounting III | 3 | C |
| 5 | ACC 296 | Industrial Experience | 1 | C |
| 6 | FIN 202 | Financial Administration | 3 | R |
| 7 | GNS 212 | Introduction to Social Sciences | 2 | R |
| TOTAL 18 | ||||
(DIRECT ENTRY) 200 LEVEL HARMATTAN S/NCourse CodeCourse TitleCredit UnitCourse Status1ACC201Principles of Accounting3C2ACC205Cost Accounting3C3ACC233Statistics for Accounting and Finance I3C4FIN201Business and Corporate Finance3R5ECN201Microeconomic Analysis I2R6ECN203Macroeconomics I2R7GNS211Philosophy, Logic and Nigerian Culture2R8GNS111Use of English I2R9POS111Introduction to Political Science3R10BUS103Introduction to Management and Society3R TOTAL 26 (DIRECT ENTRY) 200 LEVEL RAIN SEMESTER RAIN SEMESTER S/NoCourse CodeCourse TitleCredit UnitCourse Status1ACC 204Financial Accounting Theory II3C2ACC 214Management Accounting I3C3ACC 224Introduction to Computer3C4ACC 226Mathematics for Accounting and Finance III3C5ACC 296Industrial Experience1C6FIN 202Financial Administration3R7GNS 212Introduction to Social Science and citizenship Education2R8GNS 112use of English II2R TOTAL20 TOTAL CREDITS: HARMATTAN AND RAIN46 300 LEVEL HARMATTAN |
| S/No | Course Code | Course Title | Credit Unit | Course Status | |||
| 1 | ACC301 | Financial Accounting | 3 | C | |||
| 2 | ACC303 | Financial Accounting Theory III | 3 | C | |||
| 3 | ACC305 | Quantitative Analysis | 3 | C | |||
| 4 | ACC323 | Statistics for Accounting and Finance II | 3 | C | |||
| 5 | FIN345 | Business Law | 3 | R | |||
| 6 | BUS321 | Element of Management | 3 | R | |||
| 7 | GSE301 | Graduate self -employment | 2 | R | |||
| 8 | GNS311 | History and Philosophy | 2 | R | |||
| TOTAL | 22 | ||||||
300 LEVEL RAIN SEMESTER
| S/No | Course Code | Course Title | Credit Unit | Course Status |
| 1 | ACC302 | Advanced Financial Accounting | 3 | C |
| 2 | ACC308 | Public Sector Accounting | 3 | C |
| 3 | ACC310 | Principles and Practice of Auditing I | 3 | C |
| 4 | ACC324 | Application of Computer | 3 | C |
| 5 | ACC398 | Research Methods | 3 | C |
| 6 | FIN312 | Business Finance II | 3 | R |
| 7 | FIN346 | Company Law | 3 | R |
| 8 | GNS 312 | Digital Skill Acquisition | 1 | R |
| TOTAL | 22 | |||
| TOTAL CREDITS: HARMATTAN AND RAIN | 44 |
400 LEVEL HARMATTAN SEMESTER
| S/No | Course Code | Course Title | Credit Unit | Course Status |
| 1 | ACC401 | Management Accounting II | 3 | C |
| 2 | ACC403 | Nigerian Taxation I | 3 | C |
| 3 | ACC 409 | Principles and Practice of Auditing II | 3 | C |
| 4 | ACC499 | Research Project | 6 | C |
| 5 | FIN413 | Financial Management | 3 | R |
| 6 | BUS429 | Entrepreneurial Development | 3 | R |
| TOTAL | 21 | |||
| 400 LEVEL RAIN SEMESTER | ||||
| S/No | Course Code | Course Title | Credit Unit | Course Status |
| 1 | ACC402 | Management Accounting III | 3 | C |
| 2 | ACC404 | Nigerian Taxation II | 3 | C |
| 3 | ACC408 | Management Information System | 3 | C |
| 4 | ACC418 | International Accounting | 3 | C |
| 5 | FIN414 | Investment Analysis | 3 | R |
| TOTAL | 18 | |||
| TOTAL CREDITS: HARMATTAN AND RAIN | 39 | |||
Course Contents and Learning Outcomes
100 Level
GST 111: Communication in English (2 Unit C: LH 15; PH 45)
Learning Outcomes
At the end of this course, students should be able to:
1. identify possible sound patterns in English Language;
2. list notable Language skills;
3. classify word formation processes;
4. construct simple and fairly complex sentences in English;
5. apply logical and critical reasoning skills for meaningful presentations;
6. demonstrate an appreciable level of the art of public speaking and listening; and
7. write simple and technical reports.
Course Contents
Sound patterns in English Language (vowels and consonants, phonetics and phonology). English word classes (lexical and grammatical words, definitions, forms, functions, usages, collocations). Sentence in English (types: structural and functional, simple and complex). Grammar and Usage (tense, mood, modality and concord, aspects of language use in everyday life). Logical and Critical Thinking and Reasoning Methods (Logic and Syllogism, Inductive and Deductive Argument and Reasoning Methods, Analogy, Generalisation and Explanations).
Ethical considerations, Copyright Rules and Infringements. Writing Activities: (Pre-writing , Writing, Post writing, Editing and Proofreading; Brainstorming, outlining, Paragraphing, Types of writing, Summary, Essays, Letter, Curriculum Vitae, Report writing, Note making etc. Mechanics of writing). Comprehension Strategies: (Reading and types of Reading, Comprehension Skills, 3RsQ). Information and Communication Technology in modern Language Learning. Language skills for effective communication. Major word formation processes. Writing and reading comprehension strategies. Logical and critical reasoning for meaningful presentations. Art of public speaking and listening. Report writing.
GST 112: Nigerian People and Culture (2 Unit C: LH 30)
Learning Outcomes
At the end of the course, students should be able to:
1. analyse the historical foundation of the Nigerian culture and arts in pre-colonial times;
2. list and identify the major linguistic groups in Nigeria;
3. explain the gradual evolution of Nigeria as a political unit;
4. analyse the concepts of Trade, Economic and Self-reliance status of the Nigerian peoples towards national development;
5. enumerate the challenges of the Nigerian State towards Nation building;
6. analyse the role of the Judiciary in upholding people’s fundamental rights;
7. identify acceptable norms and values of the major ethnic groups in Nigeria; and
8. list and suggest possible solutions to identifiable Nigerian environmental, moral and value problems.
Course Contents
Nigerian history, culture and art up to 1800 (Yoruba, Hausa and Igbo peoples and culture; peoples and culture of the ethnic minority groups). Nigeria under colonial rule (advent of colonial rule in Nigeria; Colonial administration of Nigeria). Evolution of Nigeria as a political unit (amalgamation of Nigeria in 1914; formation of political parties in Nigeria; Nationalist movement and struggle for independence). Nigeria and challenges of nation building (military intervention in Nigerian politics; Nigerian Civil War). Concept of trade and economics of selfreliance (indigenous trade and market system; indigenous apprenticeship system among Nigeria people; trade, skill acquisition and self-reliance). Social justices and national development (law definition and classification. Judiciary and fundamental rights. Individual, norms and values (basic Nigeria norms and values, patterns of citizenship acquisition; citizenship and civic responsibilities; indigenous languages, usage and development; negative attitudes and conducts. Cultism, kidnapping and other related social vices). Re-orientation, moral and national values (The 3R’s – Reconstruction, Rehabilitation and Re-orientation; Reorientation Strategies: Operation Feed the Nation (OFN), Green Revolution, Austerity
Measures, War Against Indiscipline (WAI), War Against Indiscipline and Corruption (WAIC), Mass Mobilization for Self-Reliance, Social Justice and Economic Recovery (MAMSER), National Orientation Agency (NOA). Current socio-political and cultural developments in Nigeria.
AMS 101: Principles of Management (2 Units C: LH 30)
Learning Outcomes
At the end of this course, students should be able to:
1. demonstrate understanding of basic concepts related to management knowledge;
2. explain the roles, skills and functions of management;
3. identify organizational problems and the processes of decisions making;
4. describe the complexities associated with management of human resources in the
organizations; and
5. apply the knowledge in handling management complexities.
Course Contents
Basic concepts in management. Management principles. functions of the management (such as planning directing, coordinating e.t.c). Nature and Purpose of the organizing function, department, line and staff, staffing, e.t.c. Employee’s selection, and Staff appraisal, management development, motivation, and leadership. Controlling: The control process, control technique, recent developments in the control function. The Nigerian environment.
Management problems in Nigeria. Introduction to decision making.
AMS 102: Basic Mathematics (2 Units C: LH 30)
Learning Outcomes
At the end of the course, students should be able to:
1. identify the basic concepts of mathematics;
2. demonstrate preliminary understanding of mathematical applications in the field of
management;
3. perform basic computations in algebra, differential and integral calculus;
4. develop problem-solving skills from the mathematical ideas learnt; and
5. distinguish basic mathematics principles and its application.
Course Contents
Number systems. Indices, Surds and logarithms. Polynomials. Remainder and factor
theorems. Polynomial equations. Rational functions. Partial fractions. Fields. Ordered fields. Inequalities. Mathematical Induction. Permutations and combinations. Binomial theorem. Sequences and series. The quadratic equation and function. Relation between the roots and the coefficients. Complex numbers. Addition. Subtraction, multiplication and division. Argand diagram. De-Moivre’s theorem, n-th roots of complex numbers. Elementary set theory. Venn diagrams and applications. De-Morgan’s laws. Trigonometry. Elementary properties of basic trigonometric functions. Addition formulae and basic identities. Sine and cosine formulae. Half angle formulae. Area of a triangle. Solution of trigonometric equations. Inverse trigonometric functions. Functions. Concept and notation. Examples. Composition, exponential and logarithmic functions. Graphs and properties. Limits and continuity. Techniques for finding limits. The derivative. Calculation from first principles. Techniques of differentiation. Chain rule. Higher order derivatives. Extremum problems. Mean-value theorem. Applications. Indeterminate forms and L’ Hospital’s rule. Taylor’s and MaClauren’s series. Curve sketching. Integrations as the reverse of differentiation, as area, as limit of finite sums. Definite integrals. Properties of definite integrals. Applications.
AMS 103: Introduction to Computing (2 Units C: LH 30)
Learning Outcomes
At the end of this course, students should be able to:
1. explain basic concept of computing and different programmes in computing science;
2. explain hardware and software, and the functional units of computer;
3. describe information processing and its roles in society;
4. illustrate how an operating system kernel. supports the execution of programmes;
5. write simple programme in a pure functional programming language and determine the correctness of simple programmes; and
6. practical knowledge of software application and the internet.
Course Contents
Historical prospective of computing- characteristics of each programmes in computing.
Hardware, software, and human ware. Application in business and other segments of society.
Information processing and its roles in society. Laboratory assignment using PC’s operating system, and severally commonly used application software, such as word processors, spreadsheets, presentations, graphics and other applications. Internet and online resources, browsers, and search engines
AMS 104: Principles of Project Management (2 units C: LH 30)
Learning Outcomes
At the end of this course, students should be able to:
1. define the concept and purpose of project management;
2. identify the processes and actors in project management;
3. demonstrate a working knowledge of key project management methods;
4. describe the tools and techniques used in project management; and
5. identify projects bottle neck and possible solutions.
Course Contents
Concept of project management. purpose. processes of project delivery within any project management environment. Actors. The tools and techniques used in project management.
Traditional and contemporary project management methods. projects bottle neck and possible solutions. project life cycle
ACC 101: Introduction to Financial Accounting I (3 Units C: LH 30; PH 15)
Learning Outcomes
At the end of this course, students should be able to:
1. describe the nature and scope of accounting;
2. differentiate between bookkeeping and accounting;
3. discuss the objectives of financial accounting;
4. appreciate various branches of accounting; and methods of recording accounting data
using manual and electronic devices;
5. prepare basic accounting records from primary books to extraction of trial balance;
6. correct basic posting errors; and
7. prepare bank reconciliation statements.
Course Contents
The nature and scope of accounting. Definition of bookkeeping and accounting. Differences and similarities between bookkeeping and accounting. Objectives of financial accounting, financial accounting cycle, various branches of accounting, methods of recording accounting data using manual and electronic devices. Source documents for Book-keeping and Accounting, original/principal/prime books of entry/ledgers in accounting. Principles of double entry and accounting equation, the trial balance, bank reconciliation statement, classification of revenue/receipts and expenditure (current & capital).
ACC 102: Introduction to Financial Accounting II (3 Units C: LH 30; PH 45)
Learning Outcomes
At the end of this course, students should be able to:
1. explain the linkage between accounting and other information system;
2. define the conceptual framework for financial reporting;
3. identify the users and uses of financial statements/reports;
4. link the fundamental concepts and convention in financial accounting to financial report
preparation;
5. list the types of accounting errors and how to correct them;
6. explain suspense accounts and their uses;
7. prepare control accounts;
8. prepare accounts for not-for-profit organizations;
9. differentiate single entry and incomplete records.
10. prepare trading, profit or loss accounts of a sole trader, including adjustments; and
11. state the roles and functions of Accounting Standards setting bodies – Financial Reporting Council of Nigeria (FRCN) and International Accounting Standard Board (IASB).
Course Contents
Accounting as information system within the organisation. Limitations of financial accounting, conceptual framework for financial reporting covering objectives. Elements, users and uses, qualitative characteristics of useful accounting information. Accounting concepts and conventions. Correction of errors, suspense/memorandum account, control account, characteristics of non-profit and not-for-profit organisations. Preparation of accounts from incomplete record/single entries, the trading, profit or loss account, and statement of financial position of a sole trader, including adjustments. Introduction to the evolution of accounting bodies and standards: NASB, FRCN, IASC, IASB, SAS, IAS, and IFRS.
UIL-ACC 103: Mathematics for Accounting (3 Units: Compulsory LH 45)
Senate-approved relevance
Grooming of Graduates in mathematics that is relevant to accounting and related financial fields, as a component of Accounting degree knowledge, who is prepared to take up fully all internal and external, private and public financial reporting challenges, aligns with UNILORIN’s vision to provide a world class environment for learning, research and community service and mission which is to be an international centre of excellence in learning, research, probity and service to humanity. Relevance is seen in UNILORIN graduates of accounting being able to independently analyse and advice on Accounting and financial decision relating to fund mathematics, for investment, divestment and alternative fund access and usage, that maximises benefits to decision maker, without the need to consult other experts.
Overview
This course, UIL-ACC 103-Mathematics for Accounting, is very important to graduates of accounting who wants to participate actively and maximally in the field of Accounting. It is a background to numerous financial computations and estimations that the accountant shall continue to grabble with in other courses throughout all accounting degrees and in fact in practice life. Throughout school and career, the knowledge gained in the course will continue to find relevance in Financial Accounting and Reporting, Performance/Management Accounting and Taxation.
The course has been designed to suit Accounting peculiar needs. It is to, therefore, be taught using Accounting and Finance related language, scenarios and examples, for better understanding. Just like every other quantitative course, some category of student will be figure shy. It is a course that can be made very practical, with real life scenarios, to make more students at home with it. This course will thus enhance the quality and content of the accounting program and invariably the accounting graduates of University of Ilorin.
Objectives
The objectives of the course, (UIL ACC 103) are to:
1. compute and apply various interests to financial planning;
2. explain bills of exchange and bill discounting;
3. illustrate the different types of bill of exchange;
4. calculate discounted values;
5. demonstrate the computation of various types of discounts on goods and services;
6. explain and demonstrate mark-ups and mark-downs in pricing decision;
7. explain and compute employee emoluments
8. enumerate and explain the various types stocks and bond holdings and goodwill;
9. explain and calculate values of stocks, bond and goodwill; and
10. list and explain the usage of accounting and business terms, documents and symbols
Learning outcomes
At the end of this course, (UIL ACC 103) students should be able to:
1. apply various interest concepts to financial planning;
2. explain bills of exchange and bill discounting;
3. differentiate three (3) types of bills;
4. calculate discounted values;
5. demonstrate the computation of various types of discounts on goods and services;
6. explain mark-ups and mark-downs in pricing decision and demonstrate their computation and application;
7. list and explain three (3) components of emolument and demonstrate the computation emolument types;
8. enumerate and explain the various types stocks and bond holdings and goodwill
9. explain and calculate values of stocks, bond and goodwill; and
10. list and explain five (5) each usage of accounting and business terms and 10 (10) each of documents and symbols.
Course contents
Introduction to Mathematics for Accounting. Computation of interest: periods of interests, methods of interest calculations. Financial Mathematics: Annuity, perpetuity, amortization, sinking-fund. Bills of Exchange: Discounting-notes and drafts. Consumer credit interest charges, unpaid balances and past due accounts. Discounts: trade and quantity. Cash trade: mark-ups and mark-downs. Cost and retail price. Payroll and income: personal taxes, National Provident Funds (NPF). Computation of Gross and Net Emolument. Computerization of Payroll. Scrip (or Stock) dividends and Interest. Valuation of goodwill. Valuation of shares/stocks and bonds. Accounting terms and Symbols. Business terms and symbols. Accounting and business documents.
Minimum Academic Standard:
Same as the 70% CCMAS standard for B. Sc. Accounting.
UIL-ACC 106: Accounting Theory (3 units: C; LH 30)
Senate approved relevance
This course is towards producing accounting graduate who is grounded in the techniques of theorizing in scientific research; and who has capacity to apply theory to practice. This is the global standard for accounting graduate, and this in conformity to the vision, mission and strategic goals of the University of Ilorin which is to be an international centre of excellence in learning, research, probity and service; and to provide a world class environment where world class graduates are produced.
This course UIL-ACC 106 is relevant to the field of accounting in the sense that theory is the heart beat of any discipline or course of study in the university globally; and as such accounting graduate must be well grounded in accounting theory to prepare them for accounting practice. This is the best practice in training accountants and this is in consonant with the vision and mission of the University of Ilorin aimed at producing world class graduates.
Overview
This course UIL-ACC 106 is designed to enable students undergoing training in the field of accounting to acquire basic knowledge of what theories are, their nature, and their various levels. It enables students to appreciate the various approaches to theory development and particularly, how these theories connect with accounting practice.
This course UIL-ACC 106 would enable students conduct researches in accounting that meet international standard/world class status. Lastly, income computation is central to accounting, and as such this course provides students with requisite knowledge on income computation.
Objectives
The objectives of this course (UIL-ACC 106) are to:
Learning Outcomes
At the end of this course (UIL-ACC 106), students should be able to:
Course Contents
General meaning of theory. Types and nature of theory-Normative, Positive, Dogmas, grounded theories. Levels of theory- Grand range, middle range, and practice range. Approaches to theory development- inductive versus deductive. Definitions of accounting theory. Nexus between accounting theory and practice. Agency theory. Stakeholder theory. Decision-usefulness theory. Efficient market hypothesis. Institutional theory. Legitimacy theory. Signaling theory. Contingency theory. Tax based theory. Profit theory. Resource based theory. Resource dependency theory. Theory of income determination-accounting versus economic concepts, and capital maintenance concepts.
Minimum Academic Standard:
Same as the 70% CCMAS standard for B. Sc. Accounting.
ACC 201 Principles of Accounting II 3 Credits
Basic accounting concepts. Accounting convention principles: double-entry, books of original entry and trial balance. Preparation of final accounts for sole traders, clubs and charities. Bank reconciliation. Partnership and advanced partnership accounting. The Valuation of goodwill on admission and retirement of partners and partnership case laws. Introduction to company accounts. Share capital, share issue and redemption. Preparation and presentation of final accounts of companies. Interpretation, uses and limitations of financial accounting statements. Ratio analysis. Miscellaneous financial accounts: Joint ventures and consignments. Bill of Exchange.45h (T); C
ACC 204 Financial Accounting Theory II 3 Credits
Basic accounting principles and concepts. Accounting theory of income determination, tangible and intangible fixed assets. Investments. Liabilities and funds. Depreciation theories and methods. Theories and methods of income measurement and impact on financial reporting. Statutory accounting. 45h (T); C
ACC 205 Cost Accounting 3 Credits
Cost accounting for managerial decisions. Cost measurement, methods of allocations and reporting. Standard costing: manufacturing overhead, budgeting and analysis of variances, materials, labour and overheads, equipment and other assets. Forms of cost accounting: job costing, contract costing, branch costing, process costing, operating cost, standard costing, marginal costing. Budgeting and budgetary control, uniform and integrated cost. Critique and problems of cost accounting system. 45h (T); C
ACC 214 Management Accounting I 3 Credits
Nature and function of management accounting. Dual purpose of planning and control. Costs for decision making. Marginal costing and contribution analysis. Relevant costing. Introduction to accounting control systems: standard costing and budgetary control. Preparation of budgets. Basic variance analysis. 45h (T); C
ACC 224 Introduction to Computer Science 3 Credits
History and development of computer technology. The why and how of computers. Computer types: analog, digital, hybrid. Central Preparation equipment: Keypunch and Sorter. Data transmission, nature, speed and error detection. Data capture and validation including error detection. Systems analysis and design. Programming process, problem definition, flowcharting and decision table. 45h (T); C
ACC 226 Mathematics for Accounting III 3 Credits
Algebraic and transcendental functions. Differential calculus: limits and continuity and derivation from first principles. Total differentiation: application to marginal analysis, cost functions and indifference curves. Maximization and minimization. Partial differentiation with application to marginal analysis and comparative statistics. Integral calculus: application to marginal/total functions, producer and consumer surplus. Exponential and logarithmic functions. Differential equations. Permutation and combination. Simple sequences and series: finite and infinite, convergent and divergent series. 45h (T); C
ACC 233 Statistics for Accounting I 3 Credits
Elementary sampling theory. Statistical decision theory: test of hypotheses for small and large samples, chi-square distribution, tests of goodness of fit and distribution. Linear regression, correlation theory and index numbers. Time series and analysis of time series. 45h (T); C
ACC 296 Industrial Experience 1 Credit
A two month supervised attachment to the office or department of accounting in an organization. Each student is to submit a written report of daily activities for evaluation and grading by the Department. 45h (P); C
GNS 211 Philosophy, Logic and Nigerian Culture 2 Credits
Communication in human society. Human creativity. Foundation of Philosophy. Freedom, human rights and concepts of justice. Logical thought and critical reasoning. Laws of thought. African civilization, development, religions and culture. Nigerian perception of his world. Culture areas of Nigeria and their characteristics 30h (T); R
GNS 212 Introduction to Social Sciences and Citizenship Education 2 Credits
Basic principles of Sociology and Anthropology. The development process. The Nigerian economy: history and policies. Citizens Citizenship Education in Nigeria: Arms of the Nigerian Government and Constitution Federation. Ethics and discipline in National life. National identity, Nigerian Environment. Foreign Policy and International Relations. Social ills – Examination, bankruptcy and their sanctions. Basic principles of accounting and management. 30h (T); R
GSE 202 Graduate Self Employment
Identification of the nature, purpose and scope of business. Basic principles of feasibility report writing. Financial acquisition and resource management. Element of marketing. Skills acquisition for selected prototype enterprises. Student project 30h(T): R
ACC 301 Financial Accounting and Reporting 3 Credits
Company accounting: types of capital, issue of shares and redemption of preference shares, publication of accounts. The disclosures requirements of the Company and Allied Matters Act 1990 (CAMA) and International Financial Reporting Standards (IFRS). Home and overseas branch accounts and departmental accounts. Specialized accounts: investment accounts, container accounts and royalty accounts, accounts of building societies, insurance companies, banks and pensions and provident funds. 45h (T); C PR: ACC 201 and 204
ACC 302 Advanced Financial Accounting and Reporting 3 Credits
Advanced partnership accounts including design of amalgamation and dissolution schemes. Group account. Contemporaneous accounting. Constant (current) purchasing power accounting. Behavioural aspect of accounting. Company reconstruction. Liquidation and bankruptcy. 45h (T); C PR: ACC 301
ACC 303 Financial Accounting Theory III 3 Credits
The role of theory in financial accounting. Accounting methodology and the need for a consistent theory. Construction and validation income, capital and value. Nature of income and consumption. Views of Fishers and Hicks compared. Hicks ex-post and ex-ante measures of income and the conventional accounting definition of income. Relationship between income and value. Alternative definitions of value. Concept of deprival value in the determination of depreciation expense. Cost of capital in the international accounting standards. 45h (T); C
ACC 305 Quantitative Analysis 3 Credits
Techniques of operations research and applications in accounting and finance. Decision making models. Operations research origin, stages, uses and limitation. Inventory control model: EOQ applications and economic re-order point. Mathematical Programming. Linear programming formulation: graphical solution, simplex algorithm, algebraic method, primal and dual problems and interpretations. Transportation models: initialization by North West, least-cost and penalty methods. Testing for optimality: stepping-stone algorithm and MODI method. Assignment problem: characteristics, formulation and solution. Queuing process features: type and solution. Games theory: characteristics, types and solution by algebraic and linear programming formulation methods. 45h (T); C
ACC 308 Public Sector Accounting 3 Credits
Introduction to public Sector Accounting. Distinction between Public and Private Sectors. Basic accounting for not-for-profit (NFP) organization. Classification of NFP. Basic characteristics of governmental accounting. Structure of Governmental Accounting in Nigeria, the Treasury Audit Department. Consolidated Revenue Fund, capital and development fund. Financial accounting and analysis use of self-accounting system, fund accounting system and standardized uniforms for transactions. Decision making, planning and control of public fund. Application of costing methods and budgeting processes for the use of Audit Department. Accounting for Local Government, educational and health Institutions. Planning, Programming and Budgeting System (PPBS). Recent developments in the public sector. Implications of Nigeria’s membership of ECOWAS and effect of restructuring public sector. Convergence of IFRS and International Public Sector Accounting Standards (IPSAS). IPSAS reporting system 45h (T); C
ACC 310 Principles and Practice of Auditing I 3 Credits
Nature and objectives of an audit. Concept of the true and fair view. Appointment and responsibilities of Auditors. Conduct and importance of audit. Audit planning. Audit evidence. Audit risk and materiality. Auditor’s liabilities. Balance sheet audit. Internal audit and internal control Accounting. Ethics: nature, concepts, importance and enforcement. Ethical threats and Safeguards 45h (T); C
ACC 323 Statistics for Accounting II 3 Credits
Random variables, expectation methods, elementary statistical sampling methods. Statistical inference. Estimation and decisions: expectation (biased and unbiased), points and interval estimation. Tests of hypothesis, Chi square, goodness of fit and contingency tables. Collection of information: Censuses, sample survey. Simple random sampling, planning, and other sampling procedures, analysis and reports writing. Regression analysis and correlation, Scatter diagram curve fitting, methods of least squares Correlation. Index number: basic problem, Laspeyres, Paasche, chain and applications. Time series analysis. Components of time series: seasonal, cyclical and irregular variations. Moving averages, estimation, variations, trends and forecasting.
45h (T); C PR: ACC 226
ACC 324 Application of Computer to Accounting 3 Credits
ntroduction to BASIC programming. Data types: constant and variables. Statement types: assignment, input-output and control statements. Accounting and Auditing programmes and packages. Tally, Quickbooks, Sage, SPSS. 45h (T); C
ACC 398 Research Methods 3 Credits
Basic concepts in scientific inquiry: scientific research, meaning and basic steps. Basic and applied research concepts: theories, laws and hypotheses. Research: design choosing a topic, problem analysis, review of literature, conceptual framework model model building and proposal writing. Sampling and data collection techniques. Data types: primary and secondary. Survey strategies experiments, content analysis. Data collection instruments: interview, questionnaire, focus group discussion. Data measurement (scaling, validity, reliability analysis.), analysis and interpretation. Data presentation: tables, charts, cross tabs. Report writing: audience, types and length. Mechanical aids: footnotes, maps, charts. Business research in Nigeria: scope, problems and possibilities. 45h (T); C PR: ACC 233
BUS 321 Elements of Management 3 Credits
Basic concepts in management. Management principles. Functions of the manager. Nature and purpose of organization. Span of management. Departmentalization: Line and staff authority and service and service department. Nature of directing, motivation and leadership. Controlling: the control process, control technique and recent developments in the control process. The Nigerian environment. Management problems in Nigeria: challenges of indigenization and transferability of management systems. 45h (T); R
FIN 312 Business Finance II 3 Credits
Alternative sources of company finance and importance to Nigerian industry. Nature and role of joint stock banks and merchant banks as providers of corporate finance. Operation and importance of stock exchange and government financial institutions. Importance of internally generated funds: retained profits and depreciation provisions. International sources of finance. Criteria for selecting appropriate sources of finance. 45h (T); R
FIN 345 Business Law 3 Credits
The Nigerian legal system. Sources of Nigerian Law. Hierarchy of Nigerian Courts. Commercial Arbitration, Law of contract: offer and acceptance consideration, capacities of parties to contract. Mistake and other vitiating demands and discharge of contract. Remedies for breach of contract, sale of goods including hire purchase. Negotiable instruments and insurance. Commercial relations between person, agency, partnership and companies. Unfair competitions: assign off and trade libel. 45h (T); R
FIN 346 Company Law 3 Credits
Nigerian Company Law, 1912 – 1990. Formation of company under the Company Act. Memorandum and Articles of Association. The ultra vires doctrine. Promoters. Contracts with companies. Capital of companies. Share Capital Issue and Class Capital Debenture: issue and classes. Unincorporated Association: partnerships and quasi-corporation. Directors duties, responsibilities, obligations an remuneration.. Meetings resolutions accounts and audit requirements. Protection of minority rights. Reconstruction and winding up of companies.
45h (T); R
GSE 301 Graduate Self Employment 3 Credits
Identification of the nature, purpose and scope of business. Basic principles of feasibility of business. Basic principles of feasibility report writing. Financial acquisition and resource management. Elements of Accounting skills acquisition for selected prototype enterprises. Student project. The purpose of this course is to expose candidates to practical aspects of entrepreneurship. Through this course, students are expected to choose skill area of their choice out of over 100 identified skill areas..upon which they will concentrate for practical purposes 30h (T); R
GNS 311 History and Philosophy of Science 2 Credits
Scientific Methods. Scientific Revolution and Methodology. African physical environment. Agriculture in Nigeria. Man and the Universe – his origin nature and cosmic environment. Concept of disease. Parasites and disease. Use and abuse of human body. Concept of matter. Energy sources, Generation, distribution, inter-conversion and conversion of energy. Threat and implication of nuclear war. Science and Technology in the Society and Service of man. Relevance of Scientific Research and advances in human society. Ethics and Technology, Environmental effects of chemicals hazards, computer and its application. 30h (T); R
GNS 312 Digital Skill Acquisitions
The purpose of this course is to enable students to acquire digital skills that will enable them to meet up with modern day digital skill requirements in public and private industries.
ACC 401 Management Accounting II 3 Credits
Accounting control systems. Budgetary procedures. Variance analysis using variable and absorption costing. Introduction to investment decision making: use of probability theory and measures of dispersion in decision making. Pricing and output decisions. Cost-volume-profit analysis under uncertainty. Transfer pricing. 45h (T); C PR: ACC 308
ACC 402 Management Accounting III 3 Credits
Accounting for management control. Objectives and methods of management accounting. Cost accounting systems. General principles of costing. Behavioural aspects of costs. Elements of cost: fixed, variable and semi-variable costs. Budgetary control. Preparation of master and subsidiary budgets including cash forecasting. Standard costing: preparation and computation of variances. Marginal costing. Break-even analysis. Sources of finance. Discounting techniques and investment appraisal 45h (T); C
ACC 403 Nigerian Taxation I 3 Credits
Structure of the Nigerian Tax System. Relative importance of taxes on income, capital and expenditure in contributing to government income. Development of Nigerian tax legislation. Laws and practices of income tax. Personal allowances, relief and tax payable. New trades and cessation. Treatment of losses. Capital allowances. Company income tax: principles-assessable profits, tax assessment and treatment of losses. Role of taxation in national planning and development.
45h (T); C, PR: ACC 301 and 302
ACC 404 Nigerian Taxation II 3 Credits
Double taxation relief: principles and basis. Petroleum profit tax: principles, allowances and assessments. Capital transfer tax and capital gains tax principles and computations. Tax management, client’s taxation advisory services and management of tax practice. Implications of taxation on investment decisions. 45h (T); C
ACC 408 Management Information Systems 3 Credits
History and fundamentals of data processing. Conventional data processing: manual and mechanized methods. Classification of systems and their relative merits, closed and open loop systems. Organization of MIS including using mechanical and electronic accounting machines, flow charting and principles of systems design and documentation. Managerial uses of information output. Information needs of management and design of MIS. Computer application in MIS. Business systems. Hierarchical structures of organization and sub-optimization issue. 45h (T); C
ACC 409 Principles and Practice of Auditing II 3 Credits
Responsibilities of Auditor as it relates to Sole Trader and Partnership. Audit of group companies. Specialized audit and investigation. Computer audit. Joint audit. Consultation with experts. Quality control of an audit. Irregularities: errors and fraud. Audit expectation gap. Auditing standards and guidelines. Professional Auditor and ethical standards as published by ICAN, Forensic Accounting and Auditing. Corporate Governance and Auditor’s responsibilities. Current developments in auditing- fraud accounting, fraud examination, occupation frauds and abuse, fraud red flags 45h (T); C
ACC 418 International Accounting and Reporting 3 Credits
Accounting and financial control of international operations. International Financial Reporting Standards (IFRS). Preparation, translation and analysis of financial statements for multinationals companies. International transfer pricing. Accounting and control problems of foreign companies
45h (T) ; C
BUS 429 Entrepreneurial Development 3 Credits
Entrepreneurial Theories. International, personal characters and behavioural traits of entrepreneurs. Financial aspects of entrepreneurship. External aspects of entrepreneurship.
45h (T); R
FIN 413 Financial Management 3 Credits
Selection and financing of investment opportunities and investment decision. Theory of optimal investment opportunities. Relationship between investment and financing decision. Comparison of the Net Present Value and Internal Rate of Return and Decision Rules. Determination of the appropriate decision rate. The cost of debt and equity capital. Weighted average cost of capital and the marginal cost of capital. Traditional view and Modigliani and Miller approach. Dividend policy. 45h (T): R
FIN 414 Investment Analysis 3 Credits
Basic decision model for capital Budgeting. Cost and choice of capital structure. Short and long term financing model for stock market behviour and theory of portfolio selection. Short and long term planning and corporate strategy. Assessment of performance and financial ratio. Internal, external and inter-firm comparison, risk and uncertainty. Replacement decision 45h (T); R
SUMMARY
B.Sc. ACCOUNTING
100 Level
Compulsory Courses:
ACC 101 (3), 102 (3), 104(3), 121(3), 122 (3), FIN 112(3) = 18 Credits
Required Courses: BUS 103 (3), ECN 101 (3), 102 (3), 103 (2), GNS 111(2), 112 (2), POS 111 (3) = 18 Credits
Total = 36 Credits
200 Level
Compulsory Courses: ACC 201 (3), 204(3), 205 (3), 214 (3), 224 (3), 226 (3), 233(3), 296 (1), FIN 201 (3), 202 (3) = 28 Credits
Required Courses: ECN 201 (2), 203 (2), GNS 211 (2), 212 (2) = 8 Credits
Total = 36 Credits
DE: BUS 103(3), POS 111 (3), GNS 111(2), GNS 112 (2) = 10 Credits
300 Level
Compulsory Courses: ACC 301 (3), 302 (3), 303 (3), 305 (3), 308 (3), 310 (3), 323 (3), 324 (3), 398 (3), FIN 312 (3), 345 (3), 346 (3) = 36 Credits
Required Courses: BUS 321 (3), GNS 311 (2), GSE 301(3) = 8 Credits
Total = 44 Credits
400 Level
Compulsory Courses: ACC 401 (3), 402 (3), 403 (3), 404 (3), 408 (3), 409 (3)
418 (3), 499 (6), FIN 413 (3), 414 (3) = 33 Credits
Required Courses: BUS 429 (3) = 3 Credits
Total = 36 Credits
Graduation Requirements
(i) UTME =152 Credits
152 credits for UTME students comprising of compulsory, required, elective and optional courses are required for graduation.
DE = 126 Credits
For Direct Entry Students, 126 credits must be passed in order to graduate
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Department of Accounting, Faculty of Management Sciences, University of Ilorin, Ilorin, Nigeria
+2348039156876
hodaccounting@unilorin.edu.ng