SUN-ACC 425-PENSION FUND & TRUST ADMINISTRATION

                                                 COURSE OUTLINE

Course Title: Pension Fund & Trust Administration

Course Code: ACC 425

Credit Hours: 45 hours

Unit:  3 units

CONTENTS:

1. 1999 Constitutional provisions

2. Pension Reform Act, 2014

3. Exemption from new Pension Reform Act 2014

4. Retirement benefits

5. Retirement Savings Account (RSA)

6. National Pension Fund Commission

7. Pension Fund Administration

8. Pension Fund Custodian

9. Refusal and revocation of licence of Pension Fund Administrator and Custodian

10. Minimum pension guarantee

11. Investment of pension funds and restricted investments

12. Offences, penalties and enforcement powers

13. Deficiencies of Pension Reform Act, 2014

14. Pension Transitional Arrangements Directorate (PTAD)

15. Pension provisions for private sector

 

 

 

LECTURER-IN CHARGE:

PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

(HOD ACCOUNTANCY LCP)

 

SUN-ACC 416-EXECUTORSHIP, BANKRUPTCY AND LIQUIDATION

                                         COURSE OUTLINE

Course Title: Executorship, Bankruptcy & Liquidation

Course Code: ACC 416

Credit Hours: 45 hours

Unit:  3 units

CONTENTS:

        i.         1. Bankruptcy, covering basic concepts, causes of bankruptcy and liquidation procedures.

      ii.          2. Deeds of arrangement in relation to scheme of arrangement and property available for distribution.

    iii.          3.The roles of official receiver, trustee and classes of creditors.

    iv.          4. Process of lodging and payment of debt in bankruptcy and liquidation.

      v.          5. Preparation of statements of affairs, deficiency/surplus accounts and liquidators accounts.         6.Executorships including description and basic concepts, wills and executor.

    vi.         7. Trust covering definition, relevant concepts, board of trustees and committee of inspection. 8.Administration of insolvent estates, trusts and estates of deceased person.

  vii.           9. Deeds of arrangements, disposition of property by wills and letters of administration; and prepare accounts relating to the administration of insolvent estates and trusteeship.

 

 

 

LECTURER-IN CHARGE:

PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

      (HOD ACCOUNTANCY LCP)

SUN-ACC 308- PUBLIC SECTOR ACCOUNTING AND REPORTING 2

COURSE OUTLINE

Course Title: Public Sector Accounting & Reporting

Course Code: ACC 308

Credit Hours: 45 hours

Unit:  3 units

GENERAL OBJECTIVES:

On completion of this course, the student should be able to:

i.            Explain the underlying concepts and principles in public sector accounting;

ii.            State the constitutional, legislative and regulatory frameworks of public sector accounting

iii.            Discuss the process and responsibilities for planning and budgeting in the public sector;

iv.            Discuss Medium Term Expenditure Framework (MTEF), Medium Term Sector Strategies (MTSS) and Planning, Programming and Budgeting System (PPBS);

v.            Identify the underlying concepts, principles and framework for reporting and auditing in public sector organisations;

vi.            Discuss the roles of bodies set up for accountability and probity of public office holders;

vii.            Explain and discuss the objective and preparation of financial statements using the accrual basis method;

viii.            Explain differences between Cash and Accruals Bases of Public Sector Accounting;

ix.            Identify and apply international public sector accounting standards;

x.            Discuss auditing in the public sector covering - financial and internal controls, value for money audit, performance audit, etc;

xi.            Differentiate between financial reporting in the private sector and public sector (application of IFRS and IPSAS, IASB and IPSAB);

xii.            Explain public procurement procedure – Public Procurement Act, 2007; and

xiii.            Discuss ethical issues relating to public sector accounting.

 

 

LECTURER-IN CHARGE:

PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

       (HOD ACCOUNTANCY LCP)

SUN-ACC 414- PUBLIC SECTOR ACCOUNTING AND REPORTING 2

                                                      COURSE OUTLINE

Course Title: Public Sector Accounting & Reporting II 

Course Code: ACC 414

Credit Hours: 45 hours

Unit:  3 units

CONTENTS:

1. Introduction to Public Sector Accounting: Distinction between Public and Private sectors
2. Basic accounting for Not-for-profit (NFP),
3. Classification of NFP,
4. Basic characteristics of governmental accounting.
5. Structure of Governmental Accounting in Nigeria: The Treasury, Audit Department, Consolidated Revenue Fund, Capital and Development Fund,
6. Financial Accounting and Analysis: Use of self-accounting system, fund accounting system, and Standardized uniforms for transactions. 
7. Decision making and Planning and Control of Public Fund: Application of costing methods, Budgeting processes (IPSAS 24), the Use of Audit Department,
8. Accounting for Local Government, Educational and Health institutions.
9. History and evolution of IPSAS (Meaning, Objective, Scope, Due process, Convergence of IPSAS with IFRS).Detailed studies on IPSAS Reporting.

 

 

 

LECTURER-IN CHARGE:

PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

(HOD ACCOUNTANCY LCP)