COURSE OUTLINE ON PRINCIPLES OF ACCOUNTING 1 (ACC 111)

 Course Title: Principles of accounting 1

Course Code: ACC 111

Units: 4 Units

Credit Hours:  60 Hours

Goal: This course is designed to expose the students to the principles of accounting and the application of same to different types of transactions.

 

GENERAL OBJECTIVES:

On completion of this module the students should be able to:

1.0     Know history, principles, role and conventions of accounting.

2.0     Understand principles of double entry.

3.0     Know capital and revenue items.

4.0     Know books of original entry.

5.0     Know the uses of ledger.

6.0     Know trial balance.

7.0     Know how errors are identified.

8.0     Know the uses of journal.

9.0     Understand bank reconciliation statements.

10.0   Know depreciation.

11.0   Understand accruals and prepayment.

12.0   Know final accounts

CONTINUOUS ASSESSMENT STRUCTURE:

1. FIRST TEST                                10 MARKS

2. SECOND TEST                           10 MARKS

3. TEN QUIZ                                    10 MARKS

4. TEN ASSIGNMENTS                 20 MARKS

     TOTAL MARKS                       50 MARKS

 

YOUR CONTINOUS ASSESSMENT = YOUR TOTAL SCORE    X  40 MARKS

                                                                      TOTAL MARKS

NOTICE:

CONTINOUS ASSESSMENT  =  40 %

EXAMINATION                       =  60 %

TOTAL MARKS                          100%                                          

The LORD by wisdom founded the earth;

By understanding He established the heavens;

Wisdom is the principal thing;

Therefore get wisdom.

And in all your getting,

get understanding.

    

LECTURER-IN CHARGE: PATRIOT ODUNARO B. JIMOH (08038454008)

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COURSE OUTLINE ON COST ACCOUNTING 1 (ACC 212)

 

Course Title: Cost Accounting 1

Course Code: ACC 212

Units: 4 Units 

Credit Hours:  60 Hours

Goal: To expose students to the terminology, methods, techniques and basic principles of costing and cost control methods.

 

GENERAL OBJECTIVES:

 

On completion of this module the students should be able to:

1.0     Understand cost accounting, its scope, purpose, and methods.

2.0     Understand nature, elements and classifications of cost.

3.0     Understand cost control.

4.0     Know Cost Centres, costing documents and records.

5.0     Understand the term materials, store keeping, purchasing and inventory control, pricing materials issued and valuation methods.

6.0     Understand labour: factory procedures, recruitment, payroll control and measurement of efficiency.

7.0     Understand the nature and classification of overheads.

 

CONTINUOUS ASSESSMENT STRUCTURE:

1. FIRST TEST                                10 MARKS

2. SECOND TEST                           10 MARKS

3. TEN QUIZ                                    10 MARKS

4. TEN ASSIGNMENTS                 20 MARKS

     TOTAL MARKS                       50 MARKS

 

YOUR CONTINOUS ASSESSMENT = YOUR TOTAL SCORE    X  40 MARKS

                                                                      TOTAL MARKS

NOTICE:

CONTINOUS ASSESSMENT  =  40 %

EXAMINATION                       =  60 %

TOTAL MARKS                          100%                                          

The LORD by wisdom founded the earth;

By understanding He established the heavens;

Wisdom is the principal thing;

Therefore get wisdom.

And in all your getting,

get understanding.

    

LECTURER-IN CHARGE: PATRIOT ODUNARO B. JIMOH (08038454008)

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