ACC
/ Accounting
ACCT 110 Financial Accounting
3 Credits
Financial Accounting is an introduction
to the theory and practice of accounting
and financial reporting. This course is
designed to give students an understanding
of the concepts of accounting, GAAP, and
train them in the process of recording
accounting information in required standards,
computers applications/formats, ledger
design and requirements, trial balance
and various financial statements formats.
ACCT 210 Financial Accounting
II 3 Credits
Financial Accounting 11 enables the students
to build upon the knowledge and understanding
achieved in financial accounting 1 by
introducing more advanced accounting practices
over a range of topics related to partnership
and company forms of business organization.
It mainly focuses on the accounting treatment
in a partnership consequent upon the admission,
retirement, death of partners and dissolution
or conversion of partnership in to other
forms of business organization. It also
covers the issue of shares, debentures,
various forms of redemption of debentures
in a company form of business organization.
ACCT 120 Managerial Accounting
3 Credits
Prerequisite: Financial Accounting
Managerial Accounting is an introduction
to the use of accounting information by
managers. Topics cover different tools
for financial analysis such as cost volume
profit relationship, special order decisions,
budgeting and measurement of profitability
that sharpen manager’s ability to
make good economic decisions.
ACCT 220 Managerial Accounting II 3 Credits
Prerequisite: Managerial Accounting I
Managerial Accounting II is designed to
teach students the relevant theories and
knowledge of the technical language and
practices of management accounting. Students
acquire an understanding of the problems
associated with managing an organization
within the context of modern business
environment. It helps students develop
critical awareness of how accounting techniques
help in the decision –making, planning
and control of an organization.
ACCT 230 Personal and Business
Taxation 3 Credits
Tax regulations affect individuals and
businesses in the country in which they
operate. This unit aims to enable the
student to understand the structure and
operation of the system of taxation in
the UK and the application of the various
taxation regulations to individuals and
businesses.
ACCT 240 Auditing 3 Credits
Auditing and auditors play am important
role in businesses today. It is mandatory
for most types of businesses to have their
books of accounts audited. This course
seeks to explain the principles and practices
in auditing and the role of professional
bodies in this field.
