Course Outline

UNIVERSITY OF LAGOS
DISTANCE LEARNING INSTITUTE

YEAR 2 COURSE OUTLINES AND SOME RECOMMENDED TEXT BOOKS

Course Code: ACC. 220
Course Title: Cost Accounting
Course Content
i.             Introduction to Cost Accounting
ii.            Importance of contribution approach in decision making
iii.           Elements of Costing
iv.           Material: General Introduction
v.            Inventory/Stock Control
vi.           Material Pricing/Stock
vii.          Labour Costing
viii.        Overhead
ix.           Marginal and absorption costing
x.            Break-even analysis and cost-volume profit relationship
xi.           Standard Costing.
Recommended Text:
Coping with Cost Accointing
(Eddy Omolenwa)

Course Code: Fba 220
Course Title: Statistics
Course Content
i.             Definition of statistics, data and data clarification
ii.            Data Summery
iii.           Measures of location
iv.           Measures of spread (measures of variability or dispersion)
v.            Introduction to probability
vi.           Random Variables
vii.          Common probability distributions
                *             Bernoulli
                *             Binomial
                *             Poisson
                *             Normal
Recommended Text:
1. Basis Statistical methods
     (Esan and Okafor)
2. Understanding Statistic
     (A.O. Adebayo)

Course Code: Bus 220
Course Title: Business Mathematics II
Course Content
i.             Limits
ii.            Calculus I: Differentiation and functions of several variables
iii.           Calculus II: Integration
iv.           Vectors and Matrices
v.            Permutation of combination
vi.           Probability
vii.          Mathematics of Finance
                (a) Sequence (b) Series: AP, GP, AGP (c) Annuity, Compound & Simple interest, sinking fund e.t.c
Recommended Text:
(A.S.A Osifodurin & A.O. Awosoga)

Course Code: Gas 202
Course Title: General African Study
Course Content
i.             Oral traditions in African literature
ii.            Modern African writings: it development, variety and significant.
iii.           Revising the language question in African Literature.
iv.           Culture and society in Africa
v.            Property ownership and female inheritance
vi.           African Geomorphic worldview: a synthesis revisited
vii.          A geographical overview of Africa
xi.           Traditional medicine in Africa.
x.            Conflict Resolution and management in contemporary Africa Refugees and internally displaced persons  reconsidered.
xi.           Introduction to population education.
Recommended Text:
General African Study Vol. 2
(Sophie Oluwole)

Course Code: Bus 221
Course Title: Introduction to Nigerian Business Environment
Course Content
i.             Definition and characteristics of business
ii.            The Nigerian business environment and it elements. The peculiar features of the Nigerian business  environment.
iii.           The business organization and its environmental interdependence
iv.           The types of business formation in Nigeria
                *             Sole Proprietorship.
                *             Partnership and it types.
                *             Limited liability companies (Private and public and their Features)
                *             Public Corporation and Utilities
                *             Cooperative Society and Voluntary agencies
v.            Basic organic business function and its inter-relationship
vi.           The role of Government in business
                *             Regulatory and promotional
vii.          Government new business policies
                *             Enterprises promotion Decree
                *             Structural adjustment programme(SAP)
                *             Commercialization and privatization
                *             Deregulation of liberation
                *             NEED, AGOA, NEPAD
viii.        International business and globalization of business regional ECON Block, ECOWAS,international organizations IMF, World Bank.
ix.           Challenges in business management.
                *             Business opportunity and threat in Nigeria.
                *             Feasibility Studies.
                *             Social responsibilities and ethics in business.
                *             Business in Nigeria (Micro and Macro causes)
Recommended Text:
Introduction to Nigerian Business Environment
(O.A Isimoya)

Course Code: Fin 220
Course Title: Money and Banking
Course Content
i.             Introduction: i.e. why money and banking, basic role of money and monetary standards.
ii.            FINANCIAL SYSTEM: institution and tools of financial system, money market, Capital market and financial intermediaries.
iii.           INTEREST RATES: series of interest rates, series of term structure of interest rate.
iv.           FOREIGN EXCHANGE MARKET: introduction to the Nigerian foreign exchange market, term of payment,                 international monetary fund, world bank group and international liquidity.
v.            Quality Theory of Money: i.e. value of money, various schools of thought, the supply of money, the demand of money.               
vi.           INFLATION AND DEFLATION: meaning, various types of inflation, the philip curve, relationship between Unemployment and inflation, causes and effect of inflation and deflation.
vii.          MONEY AND FISCAL POLICIES: Meaning, objectives and instruments of Monetary policies.
                -              General equilibrium of the product and money markets.
                -              Monetary and fiscal mix
viii .       The Structure of the banking industry.
                *             Commercial banking
                *             Merchant banking
                *             Mortgage banking
                *             Development banking
                *             New bank, financial intermediaries (NBFI)
                *             Credit Creation by Commercial banks

Course Code: ACC 313
Course Title: Public Finance
Course Content
i.             Introduction, meaning and scope of public finance
ii.            Revenue and Expenditure of government
                *             The theory of public revenue
                *              The theory of public expenditure
iii.           Government economic intervention policy
                *             The case of free market economy
                *             The rationale of government intervention
                *             Stabilization policy
                *             The concept of public goods and externalities
iv.           Public dept.
                *             meaning of Public dept., types and classification
                *             Causes and effect of public debt in Nigeria
                *             Strategies for debt management
v.            Public Budget
                *             Purpose and functions of budget
                *             Impact of government budgeting taxing on the economy
                *             Budgeting techniques
                *             Budget circle in Nigeria
                *             Government budget limitation
vi.           Government ownership of enterprises
vii.          Public sectors project appraisal
                *             National income measurement and analysis of micro economics environment
                *             National income analysis in the Keynesian Model.