The course provides an introduction to the theory, the methods and the concerns of corporate finance. The main topics include: the time value of money and capital budgeting technique, uncertainty and trade –off between risk and return, security market efficiency, optimal capital structure and dividend policy decision. This course also study decision making areas of managerial finance and some selected topics in financial theory. These may include leasing, mergers and acquisitions, corporate organisations, financial planning and working capital management.

All International Auditing Standards (ISA) as it relates to the following: The nature and purpose of an audit: The role of internal audit, external audit, reporting responsibilities, appointment, dismissal, resignation. The concepts of “true and fair”, “independence of auditor”. Relationship of auditors to directors, shareholders and other financial statements’ users.

Audit Planning: Initial review of accounting system, evaluation of internal control system and procedures, development of an audit programme.

Audit procedures: Vouching of accounts, verification of assets, sampling techniques, flow charting, stock taking procedures, letter of representation.

The Audit Report: Statutory requirements for audit report (Companies Act 1990). Types of Audit Report; Professional requirements, Duties and powers under statue and case law, Independence and ethical considerations.

This course covers advanced auditing and investigation on the following areas meaning and evolution of auditing diffrences between auditing and investigation international Auditing standards :  Public sector  Auditing standards. Audit planning  Audit Risk Assessment, Audit in   a computerized environment Audit review and report.

The course introduces students to situations that lead to business cessation and the related bankruptcy conditions that affect the application of the going concern. It examines legal, economic, financial and managerial implications of possible or actual cessation of business and the procedures involved. A careful study and applications of Bankruptcy Act, Companies and Allied Matters Act as far as liquidation of firms is concerned will be examined. Financial statements preparation, statement of Affairs, Deficiency/Surplus Accounts, Liquidators Accounts etc. will be covered, Deeds of arrangements, rules disposition of property by wills and letters of administration, law and accounts relating to the administration of insolvent estates, trusteeship, Trusteeship relating to the administration insolvent estates, trusts and estates of deceased persons. Corporate collapses etc.

Students will to be exposed to various area of the profession (Accounting) through paper presentation and seminar.

  A review of history, principles and objectives (in terms of users) of Cost Accounting (information). Preparation and presentation of Cost Accounting information for various users and levels of management as well as various types of businesses. Cost Accounting aspects of Materials, Labour and Over-heads. Integrated and uniform cost accounting. Job (including contract and batch) costing. Process costing; (detailed treatment of joint and by-products as well as spoilage).