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)