The fast-pace nature of new information technology means that as soon as new technology is introduced, it has changed and been improved on existing approaches to business and organisational operations and economic transaction recordings. This makes it difficult for employees to be familiar with new hardware, software, and manufacturing products in the business world unless there are courses to constantly update and re-train staff members. This is not helped by the fact that companies are slashing training budgets and spreading employees out across the globe.

MICHAEL UNIVERSITY

School of Business

BACHELOR OF SCIENCE

DEGREE

ACCOUNTING

COURSE ARRANGEMENTS 2022

Accreditation

Michael University is registered with the Bahamas Ministry of

Education

and is approved by the Department of Public Service.

Michael University is accredited by the

Ministry of Superior Education and Havana University,

Havana, the Republic of Cuba

*****************************************

Printed in the Commonwealth of The Bahamas

No part of this brochure may be reproduced or transmitted in any form or

by any means without prior written consent of Michael University.

MICHAEL UNIVERSITY

P.O. Box SS 6901

Nassau, Bahamas

E-mail address: mccuniversity@gmail.com

TABLE OF CONTENTS

Page No.

Profile of Michael University

Philosophy & History 6

Governing Board & Officers of Administration 8

Companies Trained by Michael University 11

Message from the Honorary Chancellor 13

Message from the Chancellor 14

Introduction to the Bachelor of Science Degree in Accounting 15

Admissions & Advanced Standing 16

Admissions Requirements 16

Admissions Requirements for Degree Students 16

International Students’ Admissions Requirements 16

Standard Admissions Procedures 17

Advanced Standing for Degree Programme Only

Financial Policies 19

Refund Policy 19

Fees & Charges

Academic Policies 21

Degree Completion Requirements 21

Credit Requirements for Degrees 21

Students’ Policies & Responsibilities 22

Assessment Policies 23

Examinations 23

Registration of Examinations 23

The Credit System 24

Repeating Undergraduate Exams and Courses 24

The Point or Grading System 24

Examination Markings 25

Notification of Results 26

Immigration Requirements 27

Distance Learning Policies 28

Library Facilities 29

Assessment of Distance Learning Students’ Examinations 30

Services 31

Bachelor of Science Degree in Accounting Curriculum 33

Purpose 33

Course Requirements 34

Detailed Course Outlines 2007

First Semester – Year I

GSD 4111 Use of English 35

GSD 4112 Finite Mathematics 38

BBA 4111 Organization and Management 42

BIS 4111 Management Information Systems I 47

LAN 4111 Business Spanish 50

BAC 4111 Fundamentals of Accounting I 53

Second Semester – Year I

BAC 4121 Fundamentals of Accounting II 56

BEC 4121 Principles of Marketing 60

BHR 4121 Human Resource Management 63

BIS 4121 Accounting & Reporting Information Systems 66

BAC 4125 Mathematics for Finance 71

BEC 4126 Introduction to Business Law 75

First Semester – Year II

BAC 4211 Intermediate Financial Accounting I 79

BAC 4212 Introduction to Auditing 84

BBA 4212 Introduction to Business Statistics 88

BMS 4213 Micro-Economic Analysis 92

BMS 4214 Operations Management 95

Second Semester – Year II

BMS 4225 Operation Research 98

BMS 4226 Managerial Decision-Making 101

BAC 4227 Principles of Finance 106

BAC 4228 Introduction to Cost Accounting 110

BAC 4229 Principles of Taxation 113

First Semester – Year III

BAC 4312 Business and Its Environment 117

BAC 4313 Intermediate Financial Accounting II 121

BAC 4314 Financial Reporting Requirement & Standard 125

BBA 4314 Application of Quantitative Methods in Business 129

BBA 4315 Applied Macro-Economics 133

BSP 4318 Social Psychology 137

Second Semester – Year III

BBA 4326 Business Policy and Strategy 141

LAN 4328 Business Spanish 144

BAC 4327 Accounting Internship ---

BMS 4328 Introduction to Organisational Behaviour 148

DCR 4323 Consumer Behaviour 152

BAC 4324 Advanced Auditing 156

First Semester – Year IV

BAC 4411 Advanced Financial Accounting 160

BAC 4412 Advanced Cost Accounting 164

BAC 4413 Advanced Financial Management 168

BAC 4414 Advanced Business Law 172

BBA 4999 Undergraduate Thesis -

Second Semester – Year IV

BAC 4425 Advanced Taxation 177

BAC 4426 Accounting Seminar 180

BBA 4428 Accounting for Planning and Control 184

BBA 4999 Undergraduate Thesis 188

PROFILE OF MICHAEL UNIVERSITY

PHILOSOPHY & HISTORY

Michael University is a unique private learning organisation of higher

education based in Nassau, Bahamas, on New Providence Island. The philosophy

of Michael University is to promote a better world through educational and

cultural encounters.

Michael University is registered with the Bahamas Ministry of Education.

The University is also an Executive Member of the Association of Tertiary

Institutions in The Bahamas, which is the body responsible for promoting

acceptable standards in tertiary institutions. The University was founded in 1979

by Dr. Kevin J. Alcena, Chancellor of the University; The Honourable Dr. Justice

Nicholas Liverpool, former Appeal Court Judge in Belize and now President of

Dominica; and the late Sir Leonard Knowles, first Chief Justice of The Bahamas.

Michael University offers courses leading to certificates, diplomas,

vocational as well as academic programmes. In 1999, the Michael University

offered the Associate’s, Bachelor’s and Master’s Degree Programmes in

International Trust Administration as well as the Master’s Degree Programme in

Investment Management as part of its mission to make education affordable and

convenient for all students locally and internationally. Since then, Michael

University has increased its course offerings to include other degree programmes,

namely, but not limited to:

Bachelor of Science in International E-Commerce

Master of Science in International E-Commerce

Bachelor of Science in Management Information Systems

Master of Science in Management Information Systems

Bachelor of Science in Business Administration

Bachelor of Science in Management Science

Master of Business Administration (with 11 areas of specialisation)

Bachelor of Science in International Offshore Banking

Bachelor of Science in Data Mining & eCRM

Master of Science in Data Mining & eCRM

Bachelor of Science in Convergent Technology

Master of Science in Convergent Technology

Bachelor of Science in Distributed Artificial Intelligence

Master of Science in Distributed Artificial Intelligence

Bachelor of Science in Quantum Nanotechnology

Master of Science in Quantum Nanotechnology

Master of Science in Ultra Security and Anti-Hacking Technology

In addition, the University offers courses and workshops in adult

education and worldwide seminars. In short, our educational efforts are relevant

to people of all ages and backgrounds, stressing a multicultural, ethical, and

environmental approach. The University is particularly suitable for the 'Global

Village'. A central concept in our educational philosophy is that people of the

world have the fundamental right to know what is going on. The University is

also very concerned with ethics and the environment in all of our endeavors.

Therefore, courses in all of these areas are offered to foster a common base of

understanding and operation amongst our community.

Michael University has formed an internal Quality Assurance Committee

to assist in the provision of outstanding education in certificate, diploma,

undergraduate, graduate and professional areas by fostering the improvement of

quality in education and all related services provided. This internal Quality

Assurance Committee reports to the Board of Governors of the College, who

oversees the Committee’s operations. This Committee aims to ensure that there

are appropriate procedures for the assurance of quality within the University and

for the promotion of quality improvement in both teaching and non-teaching

areas for the benefit of students, locally and globally.

Michael University is a part of the new global community, and is, as noted,

multicultural in outlook. The University sees itself as being part of the frontiers of

the new international information age. The selection of texts and other

international literature to accompany our curricula, our methods including audio

and visual aids, telecourses, on-site seminars, and our immense efforts to bring

together students from diverse cultures all over the world are all part of our

multicultural philosophy.

Part of our goals is to help develop a world of peaceful existence and

environmental sustenance, while calling all cultures to unite.

GOVERNING BOARD and

OFFICERS OF ADMINISTRATION

Captain Anthony J. Allens, PhD. Retired Defence Force Officer; One of

Three Bahamians to receive the

Gallantry Military Award; Acted as

Commodore several times; A Bahamian

Hero by right.

Vice Chancellor

Dr. Alfredo Armenteros Vice President of International

Cultural & Business Affairs and

Deputy Vice Chancellor

Dr. Richard De

meritte CA, FCCA, FAIA, CFE; Former Auditor-

General of The Bahamas, former

Ambassador Extra-Ordinary and

Plenipotentiary of The Bahamas to

Belgium, Germany, France, European

Economic Community and the United

Kingdom

Deputy Chairman of Board of

Governors; Dean of the School of

Business

Dr. Emily Osadebay Dean of Academic Affairs and

Dean of the School of Public

Health

Mr. Colin Bobb-Semple Dean of Michael University’s

School of Law

Dr. Pansy Brown Dean of the Graduate School

Dr. Oscar L.G. Wade Academic Registrar

Mr. John Pinder President of The Bahamas Public

Services Union and President of the

National Congress of Trade Unions in

The Bahamas

Chairman of Total Quality

Assurance.

Mr. Wellington Miller President of The Bahamas Olympic

Association;

Board Member

Mr. Robert Farquharson General Secretary, National Congress of

Trade Unions in The Bahamas

Public Relations and Strategical

Planning

Dr. Richard Clark, Ed.D. Director of Technology, Str

oudsburg

Area School District, Pennsylvania, USA

Dean of International Affairs &

Chairperson of Curriculum

Committee

Dr. Frank Chatonda International Chief Information

Officer

Dr. Robert Vrancken Retired Associate Professor of

Management, Grand Valley State

University, Grand Rapids, Michigan;

Facilities Management Expert

EXECUTIVE ADVISOR & BOARD MEMBER

Ms. Kendolyn Cartwright Attorney-at-Law; President Emeritus of

Michael University

OFFICERS OF ADMINISTRATION

Mr. Gary Anderson, USA President of Michael University’s School

of Technology

Mr. Charles Johnson, USA Dean of Michael University School of

Technology and Chief Technology

Officer of Michael University

Ms. Elizabeth Chea, CPA Head of Bursary & Finance

Dr. Oscar L.G. Wade Head of Administration

OTHER FACULTY MEMBERS:

Dr. Olga Castaneda, MD

Dr. Miriam Cires, MD

Professor Edita Fernandez Manzano, MD

Dr. Caridad Sedeno Argilagos, MD

Dr. Olga Sonia Leon Fernandez, MD

Dr. Caridad Sedeno Argilagos, MD

Dr. Eduardo Fernandez Sanchez, MD

Dr. Manuel Alvarez Gil, MD

Dr. Genevieve Ibisi Ragland, MD

Dr. Armando Cuellar, MD

(Michael University has over 380 faculty members, 75% of whom are

Ph.D. holders)

COMPANIES TRAINED BY

Michael University

Michael University’s clientele include the following:

American Eagle Lloyd’s Bank International Ltd.

Americas International Bank Corporation Lyford Cay Club

Ansbacher (Bahamas) Ltd. Magistrate’s Court No. 3

Arner Bank & Trust McKinney Bancroft & Hughes

Atlantic First Insurance Co. MeesPierson (Bahamas) Ltd

Bacardi & Co. Ltd. Morgan Trust Co. of The Bahamas Ltd

Bahamas Customs Morymor Trust Corporation

Bahamas Hotel Employers Association Oceanic Bank & Trust Ltd

Bahamas Water & Sewerage Corporation Nassau Beach Hotel

Banco CCF Brasil S. A. Nassau Marriott Hotel

Banco Santander Trust & Banking (Bah) Nassau Motor Company, Ltd

Bank Leu Ltd. Nassau Branch Nordfinanz Bank

Bank of The Bahamas Ltd. Office of The Attorney General

BankAmerica Trust & Banking Corp. Office of The Prime Minister

BankBoston Trust Co. Ltd. Offshore Management Ltd

British American Bank Pepsi Cola (Bahamas) Bottling Co

Burns House Ltd. Price Waterhouse

Butler & Sands Princess Casinos, Freeport

Canadian Imperial Bank of Commerce Purity Bakery

Caribbean Bottling Co. (Bahamas) Ltd Registrar General Department

Catering & Service Employment Agency Royal Bahamas Defence Force

Central Bank of The Bahamas Royal Bahamas Police Force

Chase Manhattan Private Bank & Trust Royal Bank of Canada Trust Co. (Bahamas) Ltd

Citco Bank & Trust Royal Bank of Scotland

Citibank, N.A. Royal Holiday Club

Cititrust (Bahamas) Ltd S. G. Hambros Bank & Trust (Bahamas) Ltd

City Market Ltd. Sandals Hotel

Comfort Suites Sentinel Bank & Trust

Commonwealth Bank Solomon Bros., Ltd

Commonwealth Brewery Limited Solomon Group of Companies

Commonwealth Building Supplies Sovereign (Bahamas) Limited

Compass Point (Island Outpost) Star Insurance Co. (Bahamas)

Credit Suisse (Bahamas) Ltd. Sterling Products Limited

D. Allison Prowell & Co. (Trinidad) Sun International

Darier, Hentsch Private Bank & Trust Ltd. Sun Manufacturing Co.

Deloitte & Touche (Bahamas) Ltd. Super Clubs Breezes Bahamas

Ernst & Young Chartered Accountants Supreme Court Judges

Esso Standard Oil S.A. Ltd. Supreme Court Registry

Federal Express Surety Bank & Trust Company Ltd.

Ferrier Lullin Bank & Trust (Bahamas) Ltd. Swiss Bank Corporation (Overseas)

Finter Bank & Trust (Bahamas) Taylor Industries, Ltd

Flameless Electrical Contracting Co. Ltd. Templeton Global Advisors

Freeport Harbour Co., Freeport Texaco Bahamas Ltd

Gordon, Gordon & Co. (St. Lucia) The Bank of Nova Scotia & Scotiatrust

Gottardo Trust Company The Deltec Banking Corp.

Hottinger Bank & Trust The Grand Bahama Port Authority, Freeport

Hurricane Liquor Store The Lyford Cay Club

IberAtlantico Bank & Trust The Nassau Guardian (1844) Ltd.

IBM Bahamas Ltd. The Tribune

Impact Images Thorand Trust & Management Ltd.

Imperial Life Assurance Company Trade Union Congress

Imperial Life Financial Wendy’s Restaurants

Inter-American Development Bank Workers Bank Ltd.

Jacharic Holdings Ltd. Unibanco S.A.

John Bull Ltd. Valdy Administration Company

Kelly’s Home Centre Winterbotham Trust Company

Leopold Joseph (Bahamas) Ltd ZNS Broadcasting Corporation of The

Bahamas

These are only some of the organizations for whom, in many cases, Michael

University had to design customized programmes.

On November 4th and 5th, 1999, Michael University conducted a TRUST

LITIGATION WORKSHOP for the Supreme Court Judges in the Bahamas, including

the Chief Justice of The Bahamas. This workshop was facilitated by Professor David

Hayton, MA, LLB, LLD, Barrister & Recorder at King’s College – University of London,

UK.

Also, on March 30th and 31st, 2000, Michael University conducted an

INSOLVENCY WORKSHOP for the Supreme Court Judges in the Bahamas. This

workshop was facilitated by Professor Harry Rajak, Dean and Professor of Law at the

University of Sussex, UK and the Director of Insolvency Division at the University of

Sussex.

Following is a list of the Supreme Court Judges who participated in one or both of

the above-mentioned workshops:

Her Ladyship Dame Joan A. Sawyer, DBE, (former) Chief Justice of The Bahamas

The Honourable Mr. Justice Emmanuel E. Osadebay

The Honourable Mr. Justice Ricardo Marques

The Honourable Mr. Justice Joseph Alfred

The Honourable Mr. Justice Hartman Longley

The Honourable Mrs. Justice Anita Allen

The Honourable Mr. Justice John Lyons (Freeport)

The Honourable Mr. Justice Stanley Moore

The Honourable Mr. Justice Milton Ganpatsingh (Freeport)

The Honourable Mr. Justice Malcolm Adderley

The Honourable Mrs. Justice Judith Whitehead

On December 10

, 2000, The Rt. Hon. Lord Woolf, Chief Justice of England and

Wales addressed Michael University's students and distinguished guests on the topic

“The Additional Responsibilities of the Judiciary in the 21

Centenary”.

Michael University has trained a number of international students locally in its

degree programmes, including students from St. Lucia, Trinidad & Tobago, China and

Germany.

Message from the Chancellor

The Michael University’s Bachelor's Degree Programme is designed to give

students profound professional skills that would be invaluable 20 years from now

likewise at your first job after graduation. The current and innovative programme

was put together after a series of painstaking consultation and updates from

which the Bahamian population and indeed the entire world would benefit.

Our focus is to provide the various sectors of our economy, in particular the

ffshore f

inancial sector and the merchandising business community, with

unique professionalism that would help in keeping their businesses ahead of

competitors. We at Michael University have taken a view of the long-run needs of

our country and the international community by coming up with this programme

and others already in session and searched for the most learned professionals to

teach these courses.

Our reach of lecturers span across the globe i

n ensuring that a fantastic team of

practicing professionals and academia, available globally, is assembled to

guarantee that this programme maintains a balance in academic and work

experience, to produce erudite students who, upon graduation, have cutting edge

skills in formulating organizational policies, procedures and strategies to create

sustainable, competitive advantages and customer loyalty.

Students are encouraged to take this unique, broad-based

spectrum educational

opportunity in the functional areas of business, information systems and

technology to enhance their lives and careers.

Sincerely,

Chancellor

Message from the

Registrar & Dean of Academic Affairs

Many individuals are coming more and more to appreciate the value of

education, for education is the key which unlocks all the treasure chests of the

human wisdom which has accumulated from the beginning of man’s long sojourn

on the planet. At the same time, it does not stand-alone: it must be linked with

integrity. However, it is difficult to separate education from integrity, because

one of the things which education draws out is integrity.

There is a difference between education and training. A well-trained person is

one who follows the precepts of his training faithfully. A well-educated person is

one who has learnt to think for himself, applying to every new situation the

lessons, which he has learnt from all the disciplines, which he has studied.

My personal commitment to your success is your assurance of quality courses of

study, which are designed to provide you with the best in modern curricula

leading to the courses of higher education that you seek. We are committed to

direct you, step-by-step, toward your own personal academic goals. Our

determination to provide men and women with accessible, useful and affordable

higher education remains as strong today as the first day the idea of our

University was born. Service to you is our first principle, indeed, our only

principle.

Together with our faculty, counselors and staff, I share an active interest in your

success, because ultimately we will become the intellectual reflection of the other.

I invite your comments, criticisms and ideas in the days and months ahead. I

welcome them as I now welcome you. Our futures are linked and I hope you feel

the pride I do in that fact. Make the most of it, and, I assure you, we will do the

same!

Sincerely,

Richard Clark

Richard Clark, Ed.D.

Message from the

Senior Programme Consultant

In a day of rising concerns about the work force’s ability to hold its own in a fast-

moving global economy, Michael University offers not only a ray of hope but a

definitive prescription on how students’ skills can be lifted with the newest

technology around the Internet.

Organizations worldwide are discovering the many advantages of Web-based

training over traditional training methods, obtaining significantly improved

training results at substantially reduced training costs.

Michael University has realized that developing a Bachelor’s Degree in

Convergent Technologies will prepare global students for the ever changing

marketplace to meet the world of advanced technology, management information

systems, multimedia systems, operating systems, data integrity and security,

communication methodology, network management and image compression,

conversion and transmission.

Our well-experienced staff and faculty will direct and instruct our students

toward the disciplines required for meeting the demanding world of diverse and

integrated communication systems. Our staff and faculty will provide students

with a common, relevant base of knowledge that will enable them to be successful

in the professional marketplace.

Now is the time to for you to act and take the first step in preparing for an

exciting future in Convergent Technologies.

Sincerely,

Gary Anderson

Introduction to the

Bachelor of Science Degree in Accounting

Michael University has explored every possible way of using a rapid-delivery,

multimedia-capable, instantly updateable delivery system for training and

education.

The fast-pace nature of new information technology means that as soon as new

technology is introduced, it has changed and been improved on existing

approaches to business and organisational operations and economic transaction

recordings. This makes it difficult for employees to be familiar with new

hardware, software, and manufacturing products in the business world unless

there are courses to constantly update and re-train staff members. This is not

helped by the fact that companies are slashing training budgets and spreading

employees out across the globe.

Therefore, the challenge of training in this new, highly developed technological

environment is using the same information technology that allowed businesses to

expand globally: the Internet and the World Wide Web, and interwove it with

existing and emerging knowledge. The future will require organizations, which

can adapt rapidly to a more dynamic and changing economic environment. If

organizations are to survive in such an environment, old systems must be

transformed and staff must be trained.

Michael University has designed a Bachelor of Science Degree Program in

Accounting that will prepare a new generation of accounting personnel that

would be capable and intellectually efficient to deal with the increasing complex

business structures, accounting documentations. The objective of this course is to

provide those employed in, or aspiring to, managerial positions with the tools to

better enable them to be effective within their organizations and more confident

in their managerial roles.

The duration of the program is four years of full-time study. This study is

achieved either via distance learning and or a combination of personal

attendance at lectures based in the Bahamas. The course will be taught by

professional lecturers with the status of Professors, Ph.D.s and Masters Degrees,

as well as those professionals in the local and global business communities.

ADMISSIONS & ADVANCED STANDING

ADMISSIONS REQUIREMENTS

Michael University will accept applications continuously throughout the

year. However, the BSc. in Accounting may be started at the beginning of each

Semester, that is, Fall, Winter, Spring or Summer or via Distance Learning (DL).

Students who pursue degree programmes via Distance Learning must

satisfy the same admissions requirements as students who attend courses in the

classroom. They must also demonstrate their English language proficiency.

ADMISSIONS REQUIREMENTS FOR DEGREE STUDENTS

Michael University’s degree programmes are open to applicants over the

age of 18 who hold a high school diploma, who can benefit from post-secondary

education and who are mature enough to manage the responsibilities imposed by

the University’s studies. The Bachelor’s Degree candidate must also hold an

Associate’s Degree from a reputable institution in order to be accepted into this

programme. However, if the candidate does not hold an Associate’s Degree,

he/she may sit an entry examination before being accepted into the Bachelor of

Science Degree Programme in Accounting.

INTERNATIONAL STUDENTS' ADMISSIONS REQUIREMENTS

Michael University welcomes students from other countries. English is the

language of all instruction at Michael College; therefore students will be expected

to demonstrate English language proficiency prior to enrolment as well.

All admissions documents must be received at least 30 days prior to the

start of the initial term of enrolment. All official transcripts, once received,

become the property of Michael University’s and a part of the student's

permanent file. They may not be released for any reason.

International applicants will be notified by mail of their acceptance to

Michael College.

STANDARD ADMISSIONS PROCEDURES

The procedures to be followed by all students to gain admission to Michael

University are as follows:

1. Meet with an academic advisor to select an educational objective and

complete initial enrolment;

2. Complete and sign the application form;

3. Submit the non-refundable application fee;

4. Request official transcripts from all previously attended institutions;

5. Submit all admissions documents relevant to the respective programmes,

together with the admission application form and fee to the local site

office, or mail to: Office of Admissions, Michael College, P. O. Box SS-

6901, Nassau, Bahamas.

ADVANCED STANDING FOR DEGREE PROGRAMMES ONLY

As learning occurs in many different ways, Michael University offers a

programme, which will enable students to earn University credits for learning

acquired through documented experiential learning. Through this programme,

Michael University translates certain types of demonstrable adult learning

experiences into University credits, the measurement units of higher education.

Michael University will award credits to students who can demonstrate the

attainment of skills and knowledge equivalent to those expected of persons

satisfactorily completing specified portions of a degree programme by means

other than formal classroom instruction or sponsored, supervised, out-of-class

learning. For instance, those individuals who have been away from formal

education for some time may want to complete this procedure by writing a

portfolio to be evaluated for credits toward the degree programme.

Students who choose to prepare for this advanced standing programme

must first complete all the steps in the admissions procedure. A minimum of six

credits at Michael University must be completed, then the student enrols in the

advanced standing programme in which the student learns the specific skills

needed in the identification, articulation, and documentation of their prior

learning experience. Employment, volunteer activities, hobbies, travel and other

experiences are analysed closely for their identifiable skill and knowledge base.

Students are taught how to quantify such informal learning. The purpose of the

course is to guide the student in the development of a portfolio to be presented

for evaluation of credit.

To receive credit for enrolment in this advanced standing course, students

must complete a satisfactory first draft of a portfolio by the end of the course.

Thereafter the final portfolio is submitted to a review committee for evaluation.

The course is graded on a Pass/No Pass basis.

FINANCIAL POLICIES

Students who enrol at Michael University assume responsibility for the

payment of all tuition and fees. Michael University reserves the right to change

the tuition and fee schedule for any given term without prior notice. After the

beginning of a term for the degree programmes, no changes in tuition or fees will

be made which affect that term.

As Michael University is a private, non-profit organization, the costs

associated with the operation of the University and

its academic programmes are

supported mainly by tuition and fee revenues.

Semester payments are required six weeks in advance of each semester.

Michael University reserves the right to cancel the enrolment of any

student failing to meet the financial obligations incurred by registration.

However, this action may not cancel the financial obligations the student

incurred by virtue of enrolment. Michael University further reserves the right to

withhold grades, stateme

nt of honorable dismissal, transcript of record or

diploma; or withhold the right of registration for a subsequent term or course,

until all outstanding charges have been paid, and the student’s account has been

cleared.

REFUND POLICY

Tuition is not refundable except when the student officially withdraws

from a course, nor will refunds be granted after the term to which the tuition and

fees apply. Students who are withdrawn from a class or classes for disciplinary

reasons or a breach of conduct forfeit the right to a refund of any portion of their

tuition fees.

No refunds will be made until after request in writing to the Office of the

Registrar has been received. The date the letter of request has been received will

determine the amount, if any, of th

e refund to be paid.

Tuition Refund Schedule

Class Type Amount of Refund

50% 25% 0%

3-month term 1-7 Days 8-28 Days 29+ Days

FEES & CHARGES: BAHAMIAN DOLLARS

Application Fee $100.00

Late Registration Fee $ 50.00

Bachelor’s Degree – Total Fees $36,000.00

(Fees may be paid each semester over

a four-year period)

Final Semester $ 12,000.00

Returned Cheque $ 25.00

Duplicate ID Card $ 10.00

Official Transcript of Student’s Record

First copy $ 5.00

Additional copies of same order, each $ 2.00

Graduation Fee $300.00

Students who are accepted into Michael University have the option of

paying for the course in full, or paying for each semester with interest-free

financing provided by Michael College. Students may also arrange financing

from various lending institutions. All semester fees are due and payable six weeks

prior to the start of the next semester.

ACADEMIC POLICIES

Michael University reserves the right to change existing academic policies

or to develop new ones regarding the relationship between itself and those who

enrol in its programmes. This includes tuition and fee schedules, enrolment,

programme and course offerings, graduation requirements, and registration

policies and procedures.

Those students admitted to Michael University agree to be governed by

such policies as are established by the University’s Board of Governors and

administration. The continuation of enrolment by students, their award of

academic credit and the conferring upon them of degrees and certificates are

subject to the disciplinary authority of the College.

DEGREE COMPLETION REQUIREMENTS

A student is eligible to graduate, or receive a certificate, from Michael

University if he/she has satisfactorily met the following general requirements:

1. Satisfied all admissions requirements;

2. Completed all degree, major and certificate requirements;

3. Achieved the minimum cumulative grade point average – (2.0 for

undergraduate programmes and 3.0 for graduate programmes) - for all

course work completed at Michael University;

4. Fulfilled all financial obligations to Michael College; and

5. Submitted the graduation application and paid the graduation fee.

CREDIT REQUIREMENTS FOR DEGREES

Michael University's Bachelor of Science Degree in Accounting requires a

completion of 129 approved eight (8) semester credits.

STUDENTS’ POLICIES & RESPONSIBILITIES

When a student enrols at Michael University, he/she is given an orientation

session about the University, its policies, course requirements and what is expected

of the student during his/her time at the College. An orientation booklet including

the class schedule is presented to the student.

Students are responsible for completing all degree requirements. They will be

informed of any changes in the University’s policies and curricula for their duration

at the College. The Office of the Registrar will be responsible for updating students

of any changes.

Students of Michael University are entitled to freedom of speech, peaceful

assembly and the right of appeal. The students are also entitled to obligations, which

are given them by being members of the College.

Michael University’s disciplinary policies are in the best interest of the

College, its staff and the students. Those students, whose behaviour is disruptive to

the University and its primary purposes of teaching and learning, will be subject to

appropriate disciplinary actions or expulsion. The disciplinary policies extend to

sexual harassment and substance abuse. Any student or staff found in breach of

Michael University’s policies, given ample evidence, will be subject to disciplinary

action or expulsion.

Michael University’s disciplinary policies also extend to students who are

dishonest with their course work, which include cheating, plagiarism, and working in

consultation with other students on projects, case analysis and assignments without

prior consent of the instructor.

The instructors are responsible for assessing students’ course work and

examinations. If the student has a grievance, he/she may discuss it first with the

instructor. The student also has the right to appeal to the Examination Committee

should there be a discrepancy with their grades. Further, if the student is unsatisfied

with the result of the Examination Committee, he/she may make a further appeal to

the President of the University within ten days, after which the decision of the

President is final. If an appeal is not made to the President within the mentioned

time frame, the decision of the Examination Committee will stand as final.

ASSESSMENT POLICIES

EXAMINATIONS

An Examination Committee oversees the entire process and organisation

of exams. The Committee is appointed by Michael University’s Governing

Board.

REGISTRATION OF EXAMINATIONS

1. Each student must, at the end of the semester, register for exams for the

course, which he/she has an attendance totalling the credit hours attached

to the course. Failure to attend up to 75% of the credit hours in a

particular course disqualifies a student to sit for the examination.

2. A course would be examined by one or more of the following:

I. Course work and Attendance 15%

II. Written or Oral Test 30%

III. Seminars 5%

IV. Final Examinations 50%

100%

3. Any student who failed to register and sit for a course is deemed to have

failed the course, unless the College, on reason, grants permission as the

University might accept to be appropriate.

4. Any student who has been absent from the University during the course of

the programme for any reason, either because of illness or other reasons

and whose participation and performance is unsatisfactory, would be

barred from taking the University’s exams.

5. Any student who has failed during the teaching process of the course to

carry out his/her course work, tests or any method of course assessment

cannot be awarded a grade higher than a C, irrespective of his/her

performance in the final exams.

6. Students who for serious reasons as illness or family affliction have been

unable to write one or more exams, may receive permission from the exam

committee to defer the exam to the next supplemental examination.

Evidence for such reason to cause deferment of exams must be produced

to the University’s Governing Board.

7. Students are reminded that cheating in any examination is considered a

serious offence, which could lead to expulsion from the College, or loss of a

session or semester as the University deems fit.

THE CREDIT SYSTEM

The University has attached its credit rating to each course. Each credit

rating for a course indicates the hours, which a student is required to put in a

week. The total credit rating required in a course would be attached during the

process of course registration.

REPEATING UNDERGRADUATE EXAMS AND COURSES

The first exam resit limits the core to a loss of 10% of all exams; the second

exam resit limits the core to a loss of 15% of all exams; and failure of the second

resit results in a repeat of the program.

Students may repeat a course for which a grade of C or lower is received.

However, courses for which a grade of A or B is received, may not be repeated.

When determining the GPA for a course, both the first and second grades will

count. In this case, only the initial hours will count toward the degree

requirements.

THE POINT OR GRADING SYSTEM

A grade of C or better is required for all courses which are pre-requisites to

further courses in the student’s primary programme. Only one grade of D will be

tolerated in the student’s primary core programme, provided that the course is

not a pre-requisite to further courses in the programme.

The student’s standing will be determined on the basis of the annual grade

point average (GPA) as thus:

2.0 or better Satisfactory Standing

1.5 – 1.99 Probationary Standing

1.49 – 0 Unsatisfactory Standing

(Students in this category will be

advised by their academic advisor on

how to better their grades.)

EXAMINATION MARKINGS

1. Course Markings:

All courses will be graded by letters which are defined in percentages as

follows; and please note that these letter grades are the basis for grading

students’ final examinations and calculating students’ GPAs at the end of each

semester.

Percentage Letter Grade Description

90% – 100% A Distinction

80% - 89% B Very Good

70% - 79% B- Good

60% - 69% C Satisfactory

50% - 59% D Pass

Below 50% F Fail

2. Final Examination:

The final examination mark is the average of all of the marks submitted by

individual examiners. All of the examinations will be graded by letter grades

only. These letter grades are defined as follows:

Letter Grade Description Points

A Distinction 4.0

B Very Good 3.0

B- Good 2.5

C Satisfactory 2.0

D Pass 1.5

F Fail 0

Average marks are determined by averaging the point values of all grades

submitted and converting the result to a letter grade.

Important Note: All examination results from the course examination to

the final examination must be approved and adopted by the University’s

Governing Board before it can be accepted as Official University result.

NOTIFICATION OF RESULTS

At the end of each course examination, students will be notified of their

exam results in points and letter grades, which helps the students to keep track of

their GPA throughout the duration of their course.

However, on completion of their various courses, which is their final

examination, they will be notified of their results after having completed all other

requirements for the award of the College, in degrees categories which is based

on the letter grade/points on their final examination. These categories are as

follows:

Categories Points

I. First Class 3.6 – 4.0

II. Second Class

(A) Upper Division 3.0 – 3.5

(B) Lower Division 2.6 – 2.99

III. Third Class 2.5

IV. Pass (Non-continuation Pass) 1.5

V. Fail 0

Please note that for the award of Bachelor of Science Degree, Section 2 -

Final Examinations under Examinations applies, after all requirements for the

award of the honours have been fulfilled. These requirements include:

I. Accepted pre-requisite to the Bachelor of Science Degree

Programme.

II. Completion of the University’s approved credit ratings.

III. At least 75% participation in all courses leading to the award of the

Bachelor of Science Degree.

IV. Satisfactory completion of the Undergraduate Thesis.

V. Michael University Board’s approval of their final exams and finally

the award of the Bachelor of Science Degree honours.

IMMIGRATION REQUIREMENTS

All foreign students are required to complete Form 1 “Application to

Reside or to Engage in Gainful Occupation” provided by the Bahamas

Immigration Department. Students are required to submit the following

documents with this form:

 Two (2) passport size photographs with signature on reverse of prints

 Police certificate covering five (5) years’ residence

 Medical certificate dated not earlier than 30 days before the

completion of Form 1

 Two (2) testimonials of good character

 Bank reference.

Note that Form 1 must also be notarized by either a Commissioner of

Oaths, Notary Public, or Justice of the Peace. The B$4 stamp will be provided by

Michael University upon receipt of the student’s application.

Upon receipt of Form 1 and the above-mentioned documents, Michael

University will forward them to the Bahamas Immigration Department for

processing of the student’s visa. All students are required to possess a student

visa before entering the Bahamas to study. This process may take up to six

weeks or longer.

DISTANCE LEARNING POLICIES

Students may study any of the Michael University’s programmes by

distance learning. This choice gives the student the opportunity to study in a

relaxed atmosphere at home and complete their undergraduate or graduate

degree in any of the courses offered by Michael College. Studying by distance

learning also gives the student the advantage to take additional time in any of the

areas that they need more help or which interests them. Further, there is no

pressure from the University to meet your objectives – we are here to assist you

with your studies.

Distance learning students are assigned instructors/tutors, who are

available to assist them with their abilities and to encourage them in the process

of developing their skills in the particular field of study that they choose.

Students may begin distance learning classes at anytime of the month or

year. There is no need to wait for the next semester to begin. Students are

required to purchase their textbooks from the Internet via www.amazon.com,

www.fatbrain.com, www.brianbooks.com or from any other bookstore

that provides the similar textbooks. However, students are provided with their

lecture notes and recommended reading material by Michael College. Along with

this material, the student will also be provided with a suggested time schedule to

facilitate their studies.

Upon receipt of a student’s application and relevant fees, Michael

University will immediately respond to that student to inform him/her that their

documents and fees have been received and will send him/her a welcome letter

along any necessary information that he/she may require as well as his/her

assigned instructor/tutor. Students should allow at least six weeks to receive

their assignments, lecture notes and recommended reading material.

All assignments must be submitted to the University by courier or

registered return receipt mail unless the student resides in the Bahamas and

chooses to deliver the assignments to Michael University’s office. Each

assignment must be signed by the student. All graded assignments will be

returned to the student by first class mail. Students are given the opportunity to

redo assignments a second time if the first submission is not up to par. Students

will be advised by their instructors.

All end-of-semester examinations will be sent to the Ministry of Education

or Invigilation Centre in the student’s resident country to be invigilated by an

official from either body. Distance learning students are required to submit four

passport photos to be allocated as follows: two for the University’s record; one to

be returned to the student in an ID format; one to be sent with the examination

to the official at the Ministry of Education or Invigilation Centre. Students are

required to present their picture ID along with their passport or driver’s licence

(with photo) at the time of sitting their examinations. Note that students are

afforded the opportunity to resit examinations a second time if they fail the first

time. Students will be advised by their instructors.

From time to time, Michael University will convene various seminars,

which the distance learning students may attend to earn additional credits

toward their programmes. Distance learning students will be required to pay the

seminar fee, their own hotel accommodations and airline tickets. However, there

will be no additional charges by Michael University for attending these seminars.

The fees for the distance learning programmes are the same as the

resident fees.

LIBRARY FACILITIES

In accordance with the Articulation Agreement, dated June 22, 2005,

between Michael University and the Ministry of Superior Education, Article 2:

"All of Michael University’s students and lecturers that take part in the academic

exchange will have access to all universities' libraries and scientific and technical

materials in MES organisations for the development of this agreement." As a

result, Michael University’s students will have facilitated access to all

Universities in Cuba under this agreement.

Students are also encouraged to use the library facilities on-line (Internet)

whenever possible. Such library facilities are available at a reasonable cost to the

student. However, their research materials are phenomenal.

Students may access the following web sites or another of their own

choosing:

www.sannet.gov/public-library – San Diego Public Library

www.acm.org/dl – ACM Digital Library

www.questia.com

www.highbeam.com – Professional Research hub

ASSESSMENT OF DISTANCE LEARNING STUDENTS’

EXAMINATIONS

Each student must, at the end of the semester, register for exams for the

course, which he/she has completed according to the schedule. A student may be

granted a maximum of two extensions for a given course if not completed within

the specified study period. The student must give a valid reason for not

completing the course work on time. A total of five (5) points will be deducted

from the student’s overall grade after being granted the first extension for a

course. However, if the student requests for a second extension for the same

course, a total of ten (10) points will be deducted from the overall course grade.

A course would be examined by one or more of the following:

I. Course work 15%

II. Written Test 30%

III. Seminars 5%

IV. Final Examinations 50%

100%

Distance learning students may make a request to the Examination

Committee for an extension of time to complete the programme. Evidence for

such reason to extend the study period of the programme must be produced to

the University’s Governing Board. A maximum of two extensions may be

granted. However, if a student requests for a second extension of the

programme, he/she may not be eligible to graduate with First Class Honours.

SERVICES

Michael University specialises in consultancy for the management of social

change and the delivery of services, and in advice on financial and planning

systems. It also organises training and staff development in support of new

methods and systems within a framework of non-discriminatory practice.

Michael University is a multi-disciplinary, multi-racial organisation which is able

to draw on a pool of consultants with experience at the highest levels of the

professions, management, accountancy and new technology. It works, not

through the delivery of neat packages of advice, training etc., but through

investing time with client organisations of the identification of needs, the

specification of objectives and the development of operational plans to achieve

desired goals. It places a special emphasis on follow-up on the monitoring of

progress towards implementation and on the evaluation of change.

Through its Divisional structure Michael University works with a diverse range of

public, voluntary and private employers across the fields of Management

development, Corporate planning, Education, and Marketing to assist in the

development of an organisational human resources department at a time of

considerable social change.

Michael University is also an international organisation. It has carried out much

work in Europe and is particularly concerned with the impact of the open

European market of 1992. Its wider international contracts have focused on the

relationships between the third world and western societies.

WORKING PRINCIPLES

Michael University UNIVERSITY works with its clients on the basis of four key

principles:

QUALITY, EFFICIENCY, EQUITY and CREATIVITY

QUALITY is a prime concern for any organisation, whether in the private or

public sector. Michael University works with client organisations on the

achievement of high quality delivery systems, which ensure that the services

actually delivered to people are of the best possible standard.

EFFICIENCY is essential to the survival and growth of all organisations over the

next decade. Michael University assists its client organisations in the

development of systems of financial and resource management, which harness

new technological and financial developments to the fulfilment operational and

social objectives.

EQUITY in service provision is fundamental to the improvement of

performance. Michael University specialises in working on the implementation

in practice of the policies designed to remove inequalities, on the basis of race,

gender and class, which have been adopted by many service-providing

organisations.

CREATIVITY is a quality which is often undervalued or even discouraged by the

procedures and practices of large institutions. The release of creative power is,

however, a precondition of successful adaptation in a period of rapid change.

Michael University helps organisations to identify the creative potential they

contain, often in the form of change-agents at medium and lower levels of the

organisation. It works with organisations on devising methods by which such

creativity can be released for the benefit of the organisation and the people whom

it serves.

Michael University believes in an 'action orientated' approach designed to

identify and achieve objectives and required change. It is particularly concerned

to assist senior management in the identification and understanding of social and

organisational change; and the establishing of achievable targets for progress and

growth.

Michael University realises that many staff and managers are resistant to change

and development (particularly within the field of Equality issues) because they

are unsure of the consequences and unclear as to what is expected of them and

whether they will achieve the required support to develop new skills, policies,

practices and management styles. No organisation can achieve its maximum

efficiency without considering the social context within which it operates, the

composition and needs of the staff who deliver the service and the broad short

term and long term objectives which it aims to achieve. It is in this context that

Michael University can make a distinct and high quality contribution.

CURRICULUM OUTLINE OF THE

BACHELOR OF SCIENCE DEGREE

PROGRAMME

ACCOUNTING

Purpose

Michael University has designed a Bachelor of Science Degree Program in

Accounting that will prepare new Accountants to assume their respective roles

within the emerging complex business and international financial environment.

The purpose of this course is to provide those employed in, or aspiring to,

managerial positions with the tools to better enable them to be effective within

their organizations and more confident in their managerial roles. This program

addresses business disciplines of accounting, finance, marketing, economics, law

and personnel administration.

The future will require organizations, which can adapt rapidly to a more dynamic

and changing economic environment. If organizations are to survive in such an

environment, old systems must be transformed.

The duration of the programme is four years of full-time study. This study is

achieved either via distance learning and or a combination of personal

attendance at lectures based in the Bahamas

Course Requirements

The Bachelor's Degree Programme in Accounting consists of:

 This programme is a series of thirty-nine (41) courses (129 credits),

which build skills that are essential to the successful completion of an

undergraduate degree programme in Accounting. The structure of the

Accounting Programme is twenty-three core course (69 credits), one

language course (6 credits) thirteen compulsory electives course (39

credits), two general-studies courses (6 credits), and one

Undergraduate Thesis (9 credits), giving students a total of 129 credits

to complete the Bachelor of Science Degree Programme in Accounting.

 A Written Thesis - topic to be determined by the student in

consultation with an adjunct faculty advisor - or a professional

internship - or documented work related experience (9 credits). This

thesis should be completed during the third semester.

 This course requires a combined total of 129 Credits.

 A Bachelor’s Degree in Accounting would be awarded to students who

have successfully completed the required credits and passed the

requisite examinations.

Program: Bachelor of Science Degree in Accounting

Course Code: GSD 4111

Course Title: Use of English

Course Credit: 3

Instructor: Mrs. Troy Oliver, M.Sc.

Course Description

This course is based on the premise that writing is a varied and imaginative

process, not a rigid adherence to a set of conventions. We continually exhort

students to find and celebrate their own voice. Indeed, it is structured to walk

students through the main elements of the writing process within the span of a

semester. At the same time, it allows for many detours in the step-by-step

approach, with frequent reminders that everyone's process is unique.

Course Objective

To improve students’ skills in the use of English and to focus on thesis

statements, clear topic sentences, coherent paragraphs, and strong introductions

and conclusions.

To demonstrate that the students would learn and understand how to fix

common problems of elaboration, coherence, organization and style.

Course Goals

At the end of this course, students are expected to be able to perform proficiently

in the use of English language by:

ώ Developing the abilities to proficiently command the use of English in

course work, essay, seminars and mini projects.

ώ Develop skills in the use of English language that would be of great use

throughout the students undergraduate studies in both written

composition and comprehension, including understanding and making

appropriate scanned and summaries’ lengthy material.

Course Content

 Critical linguistics: reading meanings from the text.

 Genre and the organization of text.

 Introduction: the need for organization.

 Information in the clause and sentence.

 The structure of the paragraph.

 Visual information in texts.

 Generic structure.

 Text and conceptual meaning.

 Language as a tool for thinking.

 Ideology and vocabulary.

 Ideology, grammar and transitivity.

 Complications to transitivity.

 Text and interpersonal meaning

 Understanding social relationships.

 Regulating behavior.

 Assertiveness and Pronoun use.

 Contact and the imitation of speech.

 Formality of vocabulary.

 Writing Paragraphs and Essays

 Selecting and limiting a topic.

 Guidelines for selecting a topic.

 Modifying an assigned topic and limiting a topic.

 Generating ideas.

 Constructing paragraphs: Topic sentences.

ώ Basic and model structure of a paragraph

ώ Narrowing topic sentences

 Constructing paragraphs: Supporting details.

 Using specific details to support topic sentences.

 Moving from paragraph to essay.

 Achieving coherence.

 Revising your essay.

 Gathering and documenting information from sources.

 Methods of Development

 Description

 Narration

 Process

 Comparison and contrast

 Classification

 Cause and effect

 Definition

 Persuasion

 Writing and Editing Sentences

 Simple sentences

 Compound sentences

 Complex sentences

 Sentence fragments and Run-on Sentences

 Subject-verb agreement

 University Writing

 Writing in the academic community

 Writing to remember and reflect

 Writing to explain and report

 Writing to argue and interpret

 University Research

 Researching people and places

 Researching libraries: Local and On-line

 Writing with sources

 Writing research essays

 Course Review.

Assessment: Final Examination.

Prerequisites: None.

Recommended Texts: Critical Reading and Writing : An

Introductory Course book, by Andrew Goatly,

Routledge, ISBN 0415195608, 1 edition (May 2000)

University Writing : A Personal Approach to

Academic Writing, by Toby Fulwiler,

Boynton/Cook Publication, ISBN 0867094303, 2nd

edition (December 1997)

Strategies for University Writing: Sentences,

Paragraphs, Essays, by Jeanette Harris, Ann

Moseley, Allyn & Bacon, ISBN 0205295150 1 edition

(February 4, 2000)

Program: Bachelor of Science Degree in Accounting

Course Code: GSD 4112

Course Title: Finite Mathematics

Course Credit: 3

Instructor: Dr. Basil Springer

Course Description

This course is an extremely important coverage of the principles of finite

mathematics and their applications in business, social science and the life

sciences. It is designed for one term and taken primarily by students majoring in

business, economics, life sciences, sciences, and the social sciences including

other single-honours courses.

The core topics and their applications are presented, such as linear functions;

systems of linear equation and matrices; linear programming (both graphical and

simplex method); mathematics of finance; ratios, proportion and variations;

inequalities; set and probabilities; and counting principles are discussed with an

emphasis on the development and testing of the student's problem-solving

ability. We use discussions and examples in this course’s teaching pattern to

illustrate ideas and techniques to aid the students in acquiring these skills.

Most examples and exercises used in this course are straightforward

computation, while others require that problems be solved by combining several

techniques. Hence, it is impossible to provide examples of every type of problem

the students will encounter in real life application. However, we identified and

treated the fundamental principles that should be used in unfamiliar situations.

Course Objectives

To provide examples of all possible types of problems that the students will

encounter in real life practical application, and further identify and treat the

fundamental principles that should be used in unfamiliar situations.

Emphasize the development of students’ problem-solving abilities.

To provide a survey of the essential quantitative ideas and mathematical

techniques used in decision making in diverse disciplines and explore it for

developing students’ understanding.

Course Goals

At the end of this general education course for freshmen, we expect students to be

able to:

ώ Understand and practically apply principles and techniques of finite

mathematics in their various disciplines and further to any relevant

problems in their future careers.

ώ Understand and emphasize the development of a comprehension of

the mathematical methods, as well as establishing sound technical

proficiency.

ώ Develop competent computational skills and problem solving

techniques rather than mathematical theory in respect to

elementary functions, mathematics of finance, linear equations and

data description, including matching problems and application

problems.

ώ Internalise outstanding computational skills on finite mathematics

issues in real life applications, cohesive treatment of discrete math

topics, and thorough treatment of linear programming.

Course Content

 Linear Functions

 Slope and Equations of a Line

 Linear Functions

 Linear Mathematical Models

 Constructing a Mathematical Model

 Systems of Linear Equations and Matrices

 Solution of Linear Systems by the Echelon Method

 Solution of Linear Systems by the Gauss-Jordan Method

 Addition and Subtraction of Matrices

 Multiplication of Matrices

 Matrix Inverses

 Input-Output Models

 Linear Programming: The Graphical Method

 Graphing Linear Inequalities

 Solving Linear Programming Problems Graphically

 Applications of Linear Programming

 Linear Programming: The Simplex Method

 Slack Variables and the Pivot

 Maximisation Problems

 Minimisation Problems; Duality

 Nonstandard Problems

 Extended Application Exercise: A Minimum Cost Balanced

Organic Fertilizer Mix

Assessment: Mid Semester Test.

 Mathematics of Finance

 Simple and Compound Interest

 Future Value of an Annuity: Sinking Fund

 Present Value of an Annuity

 Amortization

 Extended Application exercise: Time, Money, and Polynomials

 Ratio, Proportion, and Variation Inequalities.

 Sets and Probability

 Sets and Applications of Venn Diagrams

 Introduction to Probability

 Basic Concepts of Probability

 Conditional Probability; Independent Events

 Bayes' Theorem Probability

 Counting Principles; Further Probability Topics

 The Multiplication Principle; Permutations

 Combinations

 Probability Applications of Counting Principles

 Binomial Probability

 Probability Distributions; Expected Value Statistics

 Frequency Distributions; Measures of Central Tendency

 Measures of Variation

 The Normal Distribution

 Normal Approximation to the Binomial Distribution

 Markov Chains

 Basic Properties of Markov Chains

 Regular Markov Chains

 Absorbing Markov Chains

 Game Theory

 Strictly Determined Games

 Mixed Strategies

 Game Theory and Linear Programming

 Course Review.

Assessment: Final Examination.

Prerequisites: None

Recommended Texts: Finite Mathematics, by Lial L. Margareth,

Greenwell N. Raymond, Miller D. Charles, Addison

Wesley, ISBN 0321016327, October1997.

Finite Mathematics: An Applied Approach,

8th Edition, by Abe Mizrahi, Michael Sullivan,

John Wiley & Sons; ISBN: 0471322024, 8 edition

(July 26, 1999)

Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4111

Course Title: Organization and Management

Course Credit: 3

Instructor: Dr. Ngozi Iroegbulem

Course Description

This course introduces the organization and management concept to students,

exploring the managerial role, skills and environmental impact on management.

Traces are also made of the management school of thought, such as the classical

foundations, and the human relation movement.

Today’s managers are confronted by important challenges. Among the most

critical are those of enabling organizations to compete effectively in international

markets, learning how to cope with organizations of unprecedented size, and

recognizing the impact of rapidly changing technologies on organizations and

those who manage them. This course describes concepts and techniques that will

help managers respond successfully to these challenges.

Effective management is linked with the achievement of success in organizations

of all types. Without effective management, no organization can achieve its

objectives. Because of the universality of management and the consequent

demand for managers, the formal study of this management course fulfils

uniquely significant educational needs.

Course Objectives

To assist students in developing an appreciation for an understanding of the art

of management science in the administration of businesses and their practices.

To boost students’ overall understanding and be able to demonstrate practical

application of management concepts to effectively manage complex

organizations.

Course Goals

We expect at the end of this course that students would have the capability to:

ώ Develop a science for each element of a task to determine the most

practical ways to perform the task in respect of quality and quantity of

total time on the task.

ώ Scientifically select and train those who can do the task the most in

what needs to be done, and provide all of the help they need in job

performance.

ώ Design management role in designating work, selecting workers who

are capable for the work, and helping the work to be learned properly.

ώ Discuss and understand the various factors that shape management

decision making style, improving the guidelines used in effectively

making the decision process more rational and efficient.

Course Content:

 Introduction to Management.

 The managerial Role.

ώ The meaning of Management.

ώ Skills, level and types of managers.

ώ The Management Environment.

 The evolution of management thought.

ώ Classical foundations of Management.

ώ The Human relations Movement.

ώ Management Science and operations Research.

 Ethical and social responsibilities of management.

ώ Perspective of Social responsibilities.

ώ Determinants of Ethical Standards and Practices.

ώ Value systems of Managers.

 Decision Making and Planning.

 Managerial Decision Making.

ώ Decision styles.

ώ Refining the decision processes.

ώ Guidelines for improving Managerial Decision.

 Fundamentals of Strategic Planning.

ώ The Challenge of environmental adaptation.

ώ Sustainable competitive advantage.

ώ The nature and purpose of strategic management.

ώ Strategic planning.

 Implementing the strategic Planning Process.

ώ Characterization of strategic planning.

ώ Management by Objectives.

 Production and Operation management.

 Organizing Function of Management.

 Division of Work and Organization Structures.

ώ Departmentalization.

ώ The matrix organization structures.

ώ Contingency factors in organization design.

 Authority and Power in Organization.

ώ Sources of power.

ώ Line and staff relationships.

 Delegation and Decentralization of Authority.

ώ Delegation of authority.

ώ Contingency issues in centralization and

decentralization.

 Staffing in Organizations.

ώ Human resources planning.

ώ Compensation and benefits.

ώ Placement and orientation.

ώ Training, development and appraisal.

Assessment: Mid Semester Test.

 Leading.

 Leadership of Organizational Members.

ώ Style of leaderships.

ώ Traits, characteristics, and behaviors of effective

leaders.

ώ Fielders Contingency Theory of Leadership

Effectiveness.

 Motivating Organizational Members.

ώ Motivation, Performance and Productivity.

ώ Motivation Expectancy theory.

ώ Integration and Implications of Motivational

Theories

 Interpersonal and Organizational Communication.

ώ Process Model of Communication.

ώ Organizational Communication.

ώ Improving interpersonal and Organization

Communication.

 Management of Ineffective Performance.

ώ Factors contributing to poor performance.

ώ Model for the management of ineffective

performance.

ώ Employee assistance program.

 Control Function.

 Principles of Control.

ώ The nature of control.

ώ Characteristics of effective control.

 Control Methods and Techniques

ώ The nature and use of budgets.

ώ Ratio Analysis.

ώ Behavioral reaction to budgetary control.

 Management Information Systems and Control.

ώ Nature of management Information systems.

ώ Primary Management Information systems

components.

ώ Implementing management Information systems.

ώ Human implication of management information

systems.

 Managing Special Settings.

 Entrepreneurship and Small Business management.

ώ Entrepreneurship and entrepreneurs

ώ Creation of new ventures.

ώ Small business management.

 International Management.

ώ Challenges and problems facing the international

manager.

ώ The multinational corporation.

ώ Cross-cultural application of motivation and job

design theory.

ώ Negotiation strategies applied abroad.

ώ Building competitive strength in the international

market.

 Individual and Organization Development.

 Career Management and Development.

ώ Career development programs and systems.

ώ Career development by individuals.

ώ The managers role in career development.

 Organization Development and Change.

ώ The meaning and objectives of organizational

development.

ώ A general model for organizational development.

ώ Evaluation of Organizational development.

ώ Organizational change through achieving excellence.

 Constructing Simulation models of management systems

 Design of simulation experiments and the analysis and

implementation of results

 Complete simulation of real problem using standard simulation

language.

 Course Reviews.

Assessment: Final Examination.

Prerequisites: None

Recommended Text: Management and Organization, by Andrew J.

Dubrin, Duane R. Ireland, Clifton J. Williams, South-

Western Publications, ISBN 0538074515, 1989.

Recommended Journals: The Leadership & Organizational

Development Journal, SSN: 0143-7739 MCB

University Press, Bradford England

Management Science, by Professor Hau L. Lee

University for Operations Research and the

Management Sciences

Journal Special: IRMJ Knowledge

Management & New Organization Forms, by

Yogesh Malhotra, Ph.D, the Information Resources

Management Association, BRINT University &

Florida Atlantic University, Vol. 13 #1 (January-

March 2000)

Group & Organization Management, An

International Journal, Editor P Christopher Earley

University of California, Irvine and London Business

School, Quarterly: March, June, September,

December ISSN:1059-6011 Volume number in 2001:

Volume 26

Program: Bachelor of Science Degree in Accounting

Course Code: BIS 4111

Course Title: Management Information Systems I

Course Credit: 3

Instructor: Mr. Andre Weech, M.Sc.

Course Description

This is an introductory course in management information systems, detailing its

concept, nature, roles, impacts, its strategic position in the organization and the

objectives of the systems towards the organization, and the role of the

management information systems’ administrator.

An organization must provide basic structures that the management information

systems would hinge upon in impacting the organization's operations and flow of

information. This structure would be examined in detail, demonstrating the

usage and integration into the organization.

The development of an efficient management information systems is a very

daunting task, hence studying effort would concentrate on exploring the existing

facilities, including its weaknesses, and then directing efforts at redesigning the

systems for a better, efficient and sustainable one.

We shall also examine the use of the computer and its associated technology in

the realm of management information systems, concentrating on the computer

architectures, machine and assembly language, the operating systems, and the

data communication technology.

Course Objectives

This course is designed to assist students to be able to review Management

Information Systems’ practices in the organization and evaluate the needs and

challenges of the System, considering the trend in technology, management

growth and expansion, and meeting the future changes in technology.

This course would help the students to be in a position of making sound

judgements toward redesigning the Information Systems, thus efficiently

administering the Organization’s and be at pace with competitors.

Course Goals

At the end of this course students are expected to have developed proficient skills

in:

ώ Understanding the management information systems concept, and be

able to apply this with the knowledge of the technical foundation of

management information systems, unraveling the appropriate need of

the organization, and make constructive suggestions, developing a pilot

systems for testing.

ώ Actually developing an efficient system that the organization would rely

on for all their information requirements.

ώ Effectively designing and implementing systems that consolidate and

integrate the systems with the latest communication systems for fast

and up to date links between the organization and the external

community.

Course Content:

 Introduction to Management Information Systems.

 Definition of the concept Management Information

Systems.

 The Organizational nature and its Information Systems.

 The role of Management Information Systems

Administrator.

 The Organization Systems Information Systems.

 The Information Systems Evolution.

 Its impact of the operation of business and organization.

 The strategic role of the Information Systems.

 Processes of Management Information Systems in an

organization’s operation.

 The Technical foundations of Management Information

Systems.

 Computers and Information Systems operations.

 Tools for Information Systems dissemination.

 Telecommunication and Networking

 The Concepts and Issues of Internet and Management

Information Systems.

 The Development of an Efficient Management Information

Systems.

 Comprehensive review of the existing Management

Information Systems operations and facilities.

 Identifying the software weakness and needs areas.

 Redesigning the organization with Information Systems.

 Systematic methods to building a sustainable

Information System.

 Evaluating the design Information Systems.

 Management and Organizational Support Systems.

 Managing knowledge.

 Enhancing management decision making.

 Systems security support systems.

 Managing Information Systems.

 Information Systems security and control processes.

 Managing Firm Infrastructure and Enterprise Systems.

 Management, Organizational, and technological

challenges in the Information Systems sustenance.

 Information Systems strategies and audit.

 Fundamental Concepts of computer technology

 Computer Architecture

 Machine and Assembly Language

 Alternative versions of operating systems

 Data communication.

 Course review.

Assessment: Final Examination.

Prerequisites: None.

Recommended Texts: Management Information Systems:

Organization

and Technology in the Networked Enterprise,

Kenneth C. Laudon, Jane Price Laudon,August 1999.

The Blackwell Encyclopaedia Dictionary of

Management Information Systems, by George

B. Davis, Blackwell Publishing, November 1998.

Recommended Journals: Special Section: Strategic Information

Systems, by Journal of Management

Information Systems, Summer 1998, Volume

15 Number 1, Guest Editors: Clemons K. Eric

and Weber W. Bruce.

Special Section: Information

Technology and Its Organizational

Impact, by Journal of Management

Information Systems, Winter 1997 Volume 13

Number 13, Guest Editors: Nunamaker Jay

and Briggs O. Robert.

Program: Bachelor of Science Degree in Accounting

Course Code: LAN 4111

Course Title: Business Spanish

Course Credit: 3

Instructor: Ms. Liana Somoza Perez

Course Goals

In the long term the students must have attained sufficient competencies in the

target language to pursue a conversation with a native/non-native speaker during

the course of which basic comprehension is effected. This course will also train

students to communicate with individuals in the business community as well as

teach them how to write memos, letters, reports and other documents in Spanish.

Course Objectives:

It is geared toward developmental progression of competency in the components

of speaking, listening, reading and writing.

Communication will be focused on an attempt to equip the student with a view to

handling himself/herself with life skills on relevant everyday situational topics.

Such topics may include:

i) Personal information

ii) Travel and holidays

iii) Shopping

Pronunciation mastery will be enhanced through tapes.

To utilize availability of Internet related programming for motivational and

improvement purposes.

To remember first and foremost that language is communication; hence

strategies will include the use of dialogues, role-plays, dramatization, song, dance

and visiting lecturers to affect automaticity and confidence.

Course Content:

Session 1: Overview of the course and stressing that this is a manageable

enterprise at the end of which their confidence regarding the target

language will increase self-esteem and a sense of accomplishment.

Chapter 1

Session 2: The first day of classes - Introductory phrases - courtesy

phrases – phrases for hello and goodbye. The polite and familiar

difference, which is an integral part of language use.

Chapter 3

Session 3 TRAVEL - THE TOURISM OFFICE

Gender of Nouns. Plural forms. Definite and Indefinite Articles.

Adjectives. To be. At the airport. Encouraging vocabulary acquisition

and retention.

Mid Semester Exam

Session 4 TRAVEL - THE HOTEL

Regular verbs. Possessive adjectives. Negation and Questions.

Weather expressions. Irregular verbs. The personal “a”. At the Hotel.

Students may use dialogues from the text but they have to be encouraged

to be creative and construct their own and use for class presentations.

Session 5 More on TRAVEL

Stem-Changing verbs. Comparisons of inequality. Comparisons of

equality. Superlatives. At this stage students should be experiencing the

minimum or non-existence of pronunciation challenges.

Chapters 6 & 7

Session 6 Final Exam

Prerequisite: None.

Recommended Textbook: Spanish for Communication by Jarvis and

Sebredo

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4111

Course Title: Fundamentals of Accounting I

Course Credit: 3

Instructor: Ms. Elizabeth Chea, CPA

Course Description

This course reviews the theory and practice of accounting for sole proprietorship.

Original entry and general ledger; accounting equation, classification of accounts,

preparation of working papers, adjusting and closing entries, and financial

statements; accounting for monetary assets and inventories; introduction to plant

assets, depreciation; intangible assets and amortization.

Course Objectives

Students study the basic principles, concepts, and practices of the accounting

cycle.

The objective of this course therefore is to equip students with fundamental

accounting skills and principles necessary for the preparation of books of account

and financial statements.

Course Goals

At the end of this course, students are expected to have developed adequate skills

in:

ώ Ability to calculate and use accounting ratios to describe and

analyse the financial performance of companies.

ώ Ability to use established financial models and theories in corporate

finance problems.

ώ Prepare various books of account, final accounts and other

accounting records/ statements in accordance with Generally

Accepted Accounting Principles (GAAP).

Course Content:

 Accounting Concepts

 Nature of Accounting

 The Basic elements of financial position

 The accounting equation

 Financial Statement

 Introduction to financial statement

 The income statement

 The Balance Sheet

 The Statement of Owner’s Equity

 Financial statement summary

 Classified financial statement: The Balance Sheet

 Analytical and Classifying Transactions

 The account

 Debits and credits: the double entry system

 The ledger

 The chart of accounts

 The trail balance

 Recording Transactions

 The journal

 Journalizing

 Posting

 Adjusting and closing procedures

 Introduction: the accrual basis of accounting

 Adjusting entries: covering recorded data

 Adjusting entries: covering unrecorded data

 Closing entries

 Post-closing trial balance

 Reversing entries

 Summarizing and reporting via the merchandising business

work sheet

 Work sheet procedures for a merchandizing business

 Inventory and purchases treatment

 Other merchandizing account

 Transportation-In

 Purchase returns

 Cost of goods sold

 The classified income statement

 The merchandizing work sheet

 Costing merchandizing inventory

 Periodic and perpetual methods of inventory

 Determining inventory

 Goods in transit

 Sales

 Consignment

 Inventory measurement

 Costing inventory: FIFO

 Costing inventory: LIFO

 Costing inventory: Average cost valuation

 Comparison of inventory methods

 Alternative inventory valuation methods

 Specific identification

 Methodology

 Flow of costs

 The net Realizable value

 Lower of cost or market value

 The theory of conservatism

 Application

 Internal Control and Cash

 Course Review

Assessment: Final Examination

Prerequisites: None

Recommended Texts: Schaum's Outline of Principles of Accounting

I (Schaum's), by Joel Lerner (Author), James A.

Cashin (Author), McGraw-Hill Trade; 5th edition

(September 1, 1998), ISBN: 0070381496

Accounting Principles, 7th Edition PepsiCo

Annual Report, by Jerry J. Weygandt (Author),

Donald K. Kieso (Author), Paul D. kimmel (Author),

Wiley Text Books; 7th edition (February 6, 2004),

ISBN: 0471448575

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4121

Course Title: Fundamentals of Accounting II

Course Credit: 3

Instructor: Dr. Ngozi Iroegbulem

Course Description

This is an introductory course designed to teach students the concept,

assumption and principles involved in the preparation of accounting information

and statement.

The various accounting books such as the ledgers, trial balance, income

statement, balance sheet and other relevant books would be explained in detail to

enable students to grasp a good understanding of the course.

We would additionally study the various accounts of different types of

organizations, such as the sole proprietorship, partnership, and the non-profit

organization.

Finally, we shall study the needed adjustment to accounts for realistic and proper

accounting information in the areas of depreciation, bad debt, stocks valuation,

and additionally, the preparation of a complete account from incomplete records.

Course Objectives

This basic accounting course is designed to assist students and owners of

businesses to be able to understand their financial records and its preparation.

It will also assist the students to supervise accounting personnel or prepare the

accounts properly, thus causing accountability and checks to business operations.

Our objective here is to ensure that E-Commerce students grasp the basic

assumption which accounting systems are based on, so as to be able to interpret

the record and the level of operation and progress of the company.

This course will expose students to all forms of business units from the sole

proprietorship to corporate limited liability companies.

Course Goals

At the end of this course, students are expected to have good knowledge of:

ώ The Basic assumption in the preparation of accounting statements,

and the interpretation of financial statements.

ώ Preparing Accounts for the different types of business units he/she

is into without difficulty.

ώ Making appropriate adjustments in the preparation of the final

accounts in respect of depreciation provision, bad debt and bad

debt provision, and other post close period transactions.

ώ The operating cycles or financial periods, and thus be able to make

year ends adjustments as necessary.

Course Content:

 Introduction to Accounting.

 Basic Accounting Assumption.

 Generally Accepted Accounting Principles.

 Transaction Analysis.

 Financial Statement and Accounting Transaction.

 Analyzing Recording Transaction.

 Financial Statement.

 Income Statement.

 Owner’s Equity Statement.

 The Journal.

 The Ledger.

 Trial Balance, and its Limitation.

 Completing the Accounting Cycle.

 Selecting an Accounting Period.

 Fiscal and Calendar Years.

 Recognizing revenues and expenditures.

 Adjusting entries for prepayment and accruals.

 Accounting Single Business Enterprise.

 The introduction Journal.

 The Sales and Purchase Journal.

 The Sales and Purchase returns Journals.

 The Sales and Purchase Ledger.

 The General Ledgers.

 The Trial Balance.

 Income Statement.

 Balance Sheet.

Assessment : Mid Semester.

 Accounting for Partnership Business.

 Introduction to basic Journal.

 The Partnership Agreement.

ώ Capital Contribution.

ώ Share of Profit.

ώ Drawings Right.

ώ Other issues.

 The Partners Current account.

 The Income State.

 The Profit and Loss Appropriation Account.

 The Balance Sheet.

 Income Statement.

 The Balance Sheet.

 Accounting Non-Trading Organization.

 The Opening and Closing Statement of Affairs.

 The Receipt and Payment Account.

 Income and Expenditure Account.

 The Treatment of Membership Subscription.

 Single Entry Accounting or Incomplete Entry.

 The Depreciation, and Amortization of Asset, and Bad

Debt.

 The concept of Asset Depreciation and amortization.

 Methods of Depreciation.

 The creation of Provision for Depreciation.

 Bad Debt.

 Provision for Bad Debt.

 Auditing trail of undocumented E-Commerce Transaction.

 The Accounting for Corporate Companies Account.

 Issues of companies Shares.

 Application and allotment of Shares Accounting.

 Share issued at Premium, Discount, Rights and Bonus

Issues.

 The creation of Reserves.

 The Income Statement.

 The Profit and Loss Appropriation Account for

Adjusting Entries.

 Course Review.

Assessment Final Examination

Prerequisites: None.

Recommended Texts: Accounting Principles, 5E, by Jerry J. Weygandt

Donald E. Kieso, Paul D. Kimmel, August 1998

Principles of Accounting, by Needles, Houghton

Mifflin College, ISBN 0395935377, November

1998.

Introduction to Financial Accounting, by

Charles T. Horngreen, Gary L. Sundem, John A.

Elliott, July 1998.

Recommended Journal: Accounting, Auditing and

Accountability Journal CB University

Press Ltd , PO Box 10812 Birmingham AL

35201 , England

Accounting Auditing & Accountability

Journal, ISSN: 0951-3574, MCB University

Press.

New Accounting Journal, Accounting And

The Public Interest , An Academic Journal

published by the Public Interest Section of the

American Accounting Association

Program: Bachelor of Science Degree in Accounting

Course Code: BEC 4121

Course Title: Principles of Marketing Management

Course Credit: 3

Instructor: Mr. Dale Dicks, MBA

Course Description

This course will introduce the basic principles of marketing, including the

marketing orientation as adopted by organization and approaches of planning

marketing schedules towards a better customer reach.

Our focus will also be on the marketing information generation and analysis for

in-depth strategy formulation, as well as better customer reach.

We shall discuss further, the various market analyses from the market

environment, to customers, to market competitors, and the company’s strengths

and weaknesses in the market place.

Course Objectives

This course is designed to develop students’ marketing potentials.

The corporate organization is faced with many competitors and distractive

exogenous factors which call for greater marketing skills in designing sustainable,

strategic schemes to position them ahead of competitors in the products and

services delivery to consumers.

Provide students with competent skills to assist them in correct and decisive

evaluation of the market environment and consumers behaviour.

Course Goals

Students are expected at the end of this course to have developed excellent

marketing skills in:

ώ Understanding the marketing and operational environment the

company is faced with.

ώ Understanding its industrial and domestic consumer behaviour, thus

developing promotional mix, products and services to meet their

expectations.

ώ Learn adequate and good competitive strategies for market penetration

and maintenance of sound marketing orientation capable of furthering

the organization’s strength in the market place.

Course Contents:

 Introduction to Marketing Principles.

 Definition of the term Marketing.

 Marketing Orientation.

 The Planning of Marketing Approach

 Analyzing the Market Opportunities.

 The Nature and Content of a Marketing Plan.

 The Theory of Effective Marketing-Resource Allocation.

 Marketing Information Systems and Marketing Research.

 Concept and component of a Marketing information

systems.

 Internal reports Systems.

 Marketing Intelligence System.

 Marketing Research System.

Assessment : Mid Semester Test.

 Analyzing the Market Environment.

 Actors in the company’s microenvironment.

 Forces in the Company’s Macro-Environment.

 Mapping a Company’s Marketing Environment,

Marketing System, and Marketing Strategy.

 Analyzing Consumer Markets and Buyer Behavior.

 A Model of Consumer Behavior.

 The Buying Decision Process.

 Analyzing Organizational Markets and Buyer Behavior.

 Analyzing Competitor.

 Identifying the Company’s Competitor.

 Identifying the Company’s Strategies.

 Balancing Customer and Competitor Orientations.

 Measuring and forecasting the Market.

 Analyzing organizational Markets and Buyer behavior

 The Individual Market

 The reseller market

 The government

 Developing, Testing, and Launching New Products.

 Managing Product, Product Lines, and Brands.

 Selecting and Managing Markets Channels.

 Designing Communication and Promotion Mix Strategies.

 Evaluating and Controlling Market Performance.

 Course Review.

Assessment: Final Examination.

Prerequisites: None.

Recommended Text: Marketing Management, Analysis, Planning,

Implementation, and control, Sixth Edition, by

Philip Kotler.

Recommended Journals: Journal of Marketing Management

London ISSN: 0267-257X

Journal of Marketing Management,

Volume 12 (1996), 8 issues, ISSN 0267-257X,

Published by The Dryden Press.

Program: Bachelor of Science Degree in Accounting

Course Code: BHR 4121

Course Title: Human Resources Management

Course Credit: 3

Instructor: Mr. Dale Dicks, MBA

Course Description

This is an introductory course to human resources management, to which

managers need to be exposed. Our focus is to explore the concept, nature of

management, the importance of strategic human resources planning and the

significance to management information systems.

Further, we examine the staff issues in the organization, noting the diverse

cultural setting of the human resources, the qualities and competencies and the

organization’s policies in dealing with the human resources. We critically

consider the job position, duties and specifications, which would become material

towards the design of the information systems.

In addition, we focus on the qualification requirement staff for management

information systems departments and consider the necessity of training and

development of the human resources in order to meet the management

information systems’ operational requirement and set up the appraisal systems.

Finally, the course considers the communication systems within the organization

and the effectiveness of interpersonal relationships both for the entire

organization and for the individual employee’s benefit.

Course Objectives:

The Human Resources Management course is designed to benefit the students’

administrative skills in the proper and astute handling of the highly sensitive

Human Resources aspect of the organization.

This course would enable students to fully appreciate the differences in people’s

environmental background, social, and economical conditions which determine

their attitudes, values, preferences and social interaction among co-workers and

the organization as a whole.

This course would also assist the students in understanding the different

approaches to employee incentives and encouragement, which would help

towards creating a very profound, conducive working environment.

Course Goals

We expect that at the end of the course, students would be able to achieve great

knowledge in:

ώ Helping the organization to recruit quality and sound professionals to

further the Management Information objectives of the organization.

ώ Dealing expertly and diligently towards handling industrial dispute

arising in the work place.

ώ Making decisive decisions in the measurement and reward of

employees.

ώ Developing Information systems to suit the nature of Human

Resources in the Organization.

Course Content:

 Introduction to Human resources Management.

 Nature of Human Resources Management.

 Changing nature of Human Resources Management.

 Strategic Human Resources Management.

 Impact of Management Information Systems on the

Human Resources.

 Staffing the Organization.

 Managing the diverse Human Resources.

 Equal Employment.

 Analyzing and identifying Jobs and jobs Specifications.

 Recruiting from the labor markets.

 Selection and Placement.

 Performance evaluation.

 Promotion, layoffs, and demotions.

 Social and Psychological Factors.

 Economic and domestic issues.

 Environmental and cultural factors.

Assessment: Mid Semester

 Training and Development of the Human Resources.

 Training Human Resources.

 Developing Management Information Program for

Training.

 Developing Human Resources capabilities in

management Information System adaptability.

 Performance Management and Appraisal.

 Compensating the Human Resources.

 Compensation Strategies and Practices.

 Variable Pay and Executive Compensation.

 Employee and Labor Relations.

 Health and safety issues.

 Employee Security.

 Employees rights and Discipline.

 Labor and Management Relations.

 Conflict management and negotiation.

 Communication Systems with the Human Resources.

 Current issue in Human Resource Management and

Management Information Systems.

 Review of the course

Assessment: Final Examination

Prerequisites: None

Recommended Texts: Human Resources Management Systems:

Strategies, Tactics, and Techniques (Jossey-

Bass Business & Management Series), Jossey-

Bass Publishers, Reprint Edition, June 1998.

Cases and Experiment Exercises in Human

Human Resources Management, Robert L

Mathis, John Harold Jackson, August 1999.

Recommended Journals: International Journal of Human

Resource Management, by Editor:

Professor Michael Poole, Cardiff Business

School, UK, Volume 11, 2000, ISSN 0958-5192,

A Routledge Journal

Human Resource Management Journal,

Editor: Professor John Storey, ISSN: 0954-

5395 Eclipse Group Ltd

Human Resources Management

International Digest, ISSN: 0967-0734,

MCB University Press. Bradford England

Program: Bachelor of Science Degree in Accounting

Course Code: BIS 4121

Course Title: Accounting and Reporting Information Systems

Course Credit: 3

Instructor: Ms. Elizabeth Chea, CPA

Course Description

This course introduces the concept of management information systems and its

relationship and applicability to accounting systems and the reporting

requirements. It further examines how information technology is altering the

very nature of accounting, discussing how developments such as the Internet,

electronic commerce, EDI, databases and artificial intelligence are fundamentally

transforming the way organizations conduct their business activities.

The course’s streamlined presentation of business strategy introduces basic

strategies and strategic positions in systems development of accounting

information systems by looking at the data processing approaches, database

management, and data modeling and adaptation in e-commerce. The enhanced

coverage of e-commerce explores FEDI and control issues as well as IT support of

e-commerce.

We also explore the control and audit of accounting information systems from

the standpoint of computer based information systems’ audits, taking a critical

look at the fraud and security issues.

The course soundly looks at approaches to professionally demonstrate and

produce accounting information systems. These systems would reflect flexibility

in the balance sheet and income statement, and cash flow presentation for better

informed readers and users of the accounting information for decision making,

either as management of an organization or as potential investors to the

organization or other organization.

Finally the course examines the latest accounting information systems, providing

students with the most current information on: electronic commerce, electronic

security, web commerce, internet security, sampling and artificial intelligence,

EDI, databases and encryption.

Course Objectives

This course is designed to give professionals in the field of management

information systems the accounting perspective of information presentation for

management understands.

The incorporation in the design of the facts and concepts of this course would

enable students to understand the ultimate proper design and implementation of

good Management Information Systems.

Provides students with practical knowledge and skills needed to pursue

successful careers in accounting

To reflect how information technology is altering the nature of accounting for

better and efficient presentation of the generated accounting information.

Course Goals

At the end of this course, students are expected to have acquired practical and

sound knowledge in accounting information concept that they would be able to:

ώ Understand how information technology is altering the very nature of

accounting; discuss how developments such as the Internet, electronic

commerce, EDI, databases, and artificial intelligence are

fundamentally transforming the way organizations conduct their

business activities.

ώ Focus and develop strategically the needs and responsibilities of

accountants as end users of systems, systems designers and auditors.

ώ Understand the key competitive advantages for accounting information

systems identifying the distinct information systems knowledge

required by accountants and incorporate accurate, understandable and

thoroughly tested material.

ώ Understand the information systems as an accounting discipline while

providing technological competence in accounting applications in the

transaction cycle, providing a logical and structured method of

covering material that is consistent with many auditing texts.

Course Contents:

 Introduction to Financial Statement Information.

 Overview of Financial Statement Information.

 Nature of Financial Statement Information.

 Sources of Financial Statement Information.

 Information Presentation of Financial Statement Analysis

 Nature of Analysis.

 Content and Records making up Financial Statement.

 The Published Account.

 The Use and Means Analysis.

 The conceptual Foundations of Accounting Information

Systems.

 Elements and procedures of General Ledger based

accounting information systems.

 Systems development and documentation.

 Introduction to data processing.

 Databases.

 Data modeling and database design.

 The Control and Audit of Accounting Information Systems.

 Control and Accounting Information Systems.

 Computer-Based Information Systems controls.

 Computer Fraud and Security.

 Auditing of Computer-Based Information Systems.

 Accounting Information Systems Applications.

 The Revenue Cycle: Sales and Cash Collections.

 The Expenditures Cycle: Purchasing and Disbursements.

 The Production Cycle.

 The Human Resources Management/Payroll Cycle.

 The Balance Information Design and Presentation.

 The Financial Ratios.

 Leverage Ratios.

 Debt Equity Ratios.

 Working Capital Management and Ratios.

Assessment : Mid Semester Test.

 Income Statement or Profit and Loss Statement Information

Design.

 Profitability Ratios.

 Cost of Goods Ratios.

 Turnover Ratios.

 The General Ledger and Reporting Systems.

 Statement of Cash Flows.

 The Internet, Intranets, and Electronic Commerce and Artificial

Intelligence.

 Introduction to Transaction Processing.

 Transaction Processing and the Internal Control Process.

 Customer Order and Account Management Business Processes.

 Accounting Information Systems Overviews

 Information Systems Practice and Theory.

 The Information Systems and The Accounting/Auditing

Environment Modeling Expertise.

 Perspectives on Information Systems Research.

 The Systems Development Process.

 Introduction to Systems Development and Systems

Analysis.

 Accounting Information Systems Development

Strategies.

 Systems Design, Implementation and Operations.

 Course Reviews.

Assessment: Final Examination

Prerequisites: None.

Recommended Texts: Accounting Information Systems: Essential

Concepts and Applications, by Joseph W.

Wilkinson, Michael Creole, John Wiley & Sons, 3

Ed., Dec. 1996.

Accounting Information Systems, by Marshall

B. Rommey, Paul John Steinbart, January 2000.

Recommended Journals: International Journal of Intelligent

Systems in Accounting, Finance and

Management, Editor: Daniel E. O'Leary,

University of Southern California ,

International Journal of Intelligence Systems

in Accounting Finance and Management

Database Coverage in the Accounting

Information Systems Course, by Thomas

G. Calderon Associate Professor, David H.

Olsen Assistant Professor, Edward J. Conrad

Assistant Professor, George W. Daverio School

of Accountancy, University of Business

Administration, The University of Akron,

South-Western University Publishing

Accounting Information Systems and

Technology Reporter, The Newsletter of

the American Accounting Association

Information Systems Section, Volume 16,

Number 1, January 2000

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4125

Course Title: Mathematics for Finance

Course Credits: 3

Instructor: Dr. Basil Springer

Course Description

This course covers basic as well as accounting mathematics: banking, payroll,

taxes, risk management: retail mathematics; buying, mark-up, mark-down and

inventory control; finance--interest, notes and bank discount, multiple-payment

plans, annuities, amortisation; and advanced accounting-depreciation, financial

statements, profit distribution, business statistics.

Course Objective

To expose students to the necessary mathematical background for solving

mathematical problems in management, finance and accounting courses

Course Goal

At the end of this course, students would be able to:

ώ Understand and utilise the mathematics for finance theories and tools

in performance analysis, forecasting, decision making and problem

solving for a business.

Course Content

 Basic Mathematics: Problem Solving and Operations with

Fractions

 Addition and subtraction of fractions.

 Multiplication and division of fractions.

 Equations and Formulas.

 Solving equations.

 Applications of equations.

 Formulas.

 Ratios and proportions.

 Percent.

 Writing decimals and fractions as percents.

 Finding the part.

 Finding the base.

 Supplementary exercise: Base and part.

 Finding the rate.

 Supplementary exercise: Rate, base, and part.

 Increase and decrease problems.

 Basic Business Applications: Banking Services.

 Checking accounts and check registers.

 Checking services and depositing credit card

transactions.

 Reconciliation.

 Payroll.

 Gross earnings (wages and salaries).

 Gross earnings (commission).

 Gross earnings (piecework).

 Social security and other taxes.

 Income tax withholding.

 Payroll records and quarterly returns

 Taxes.

 Sales tax.

 Property tax.

 Personal income tax.

 Risk Management.

 Business insurance.

 Motor vehicle insurance.

 Life insurance.

 Mathematics of Retailing: Mathematics of Buying.

 Invoices and trade discounts.

 Single discount equivalents.

 Cash discounts: Ordinary dating method.

 Cash discounts: Other dating methods.

 Mark-up.

 Mark-up on cost.

 Mark-up on selling price.

 Mark-up with spoilage.

 Mark-down and Inventory Control.

 Mark-down.

 Average inventory and inventory turnover.

 Valuation of inventory.

 Mathematics of Finance: Simple Interest.

 Basics of simple interest.

 Simple interest for a given number of days.

 Maturity value.

 Inflation and the time value of money.

 Notes and Bank Discount.

 Simple interest notes.

 Simple discount notes.

 Comparing simple interest and simple discount.

 Discounting a note.

Assessment: Mid Semester Test

 Compound Interest.

 Compound interest.

 Daily and continuous compounding.

 Finding time and rate.

 Present value at compound interest.

 Annuities and Sinking Funds.

 Amount of an annuity.

 Present value of an annuity.

 Sinking funds.

 Business and Consumer Loans.

 Open-end credit.

 Instalment loans.

 Early payoffs of loans.

 Personal property loans.

 Real estate loans.

 Accounting and other Applications

 Depreciation.

 Straight-line method.

 Declining-balance method.

 Sum-of-the-years'-digits method.

 Units-of-production method and partial-year

depreciation.

 Modified accelerated cost recovery system.

 Financial Statements and Ratios.

 The income statement.

 Analysing the income statement.

 The balance sheet.

 Analysing the balance sheet; financial ratios.

 Securities and Distribution of Profit and Overhead.

 Distribution of profits in a corporation.

 Investment in stocks and bonds.

 Bonds.

 Distribution of profits and losses in a partnership.

 Distribution of overhead.

 Business Statistics.

 Frequency distributions and graphs.

 The mean.

 The median and the mode.

 Range and standard deviation.

 Index numbers.

 Course Reviews

Assessment: Final Examination

Prerequisites: None

Recommended Texts: Mathematics for Business (7th Edition), by

Stanley A. Salzman, Charles David Miller, Gary

Clendenen, Addison-Wesley Publishing, ISBN

032106920X, 7 edition (August 14, 2000)

Math for Accounting and Finance, by Norman

Toy, Dr. Norman Toy, South-Western Publication,

ISBN 0324130953, 1st edition (December 2001)

Mathematics for Management and Finance,

by Lawrence P. Shao, Stephen Pinyee Shao, South-

Western Publication, ISBN 0538870990, 8th edition

(August 19, 1997)

Mathematics for Business, Economics & Finance,

by John Shannon, John Wiley & Sons, ISBN

0471334979, (December 1995)

Program: Bachelor of Science Degree in Accounting

Course Code: BEC 4126

Course Title: Introduction to Business Law

Course Credit: 3

Instructor: Mrs. Wendy Ferguson, MBA

Course Description

This course introduces business law to students of management science, e-

commerce and the legal environment which business units operate. It also

introduces students to the various types of laws and the legal processes in

obtaining legal assistance or justice for any breaches.

The course takes a good look at the law of contract, an essential aspect of law for

the e-commerce business models, delving into the requirements of contract as in

offer and acceptance, consideration, contractual capacity.

The agency relationship in business is also noted and discussed to enable

students to grasp the impact of such relationships and the duties, obligations, and

liabilities of either party to the agency and principal relationships.

The sales contract and the legal aspect of methods of payment are specified and

elaborated. Additionally, the legal framework of payment systems as in

electronic payment systems, digital currencies is considered.

Students are also exposed to other forms of business and the legal perspective of

their formation, operations, contracting agreements and liquidation.

Course Objectives

This course is designed to broaden students’ knowledge in the Business and E-

Commerce Law environment, thus giving them an opportunity to understand all

ramifications of the nature of decisions they undertake or are planning to

implement.

This course will expose students to new issues in the E-Commerce law of

contract.

This course is intended to produce students who are focused minded in

upholding the law so as to enable their organizations to operate without

infringing on the rule of, and thus, avoiding the high costs and time involved in

the legal processes.

Course Goals

At the end of this course, we expect students to be very proficient in handling

matters related to:

ώ Entering into valid contracts within the rules of law.

ώ Operation or performance of the terms of contracts in good faith

having been exposed to the implication of breaches and subsequent

remedies available to other parties.

ώ Managing the sale of their products and services within the

framework of cyber law.

ώ Having a good understanding of E-Commerce Law and other

business operations.

Course Contents:

 The Legal Environment of Business.

 Introduction to Business Law.

 Business Ethics and Social responsibilities of Business.

 Types of Law.

ώ The Constitutional Law.

ώ Criminal Law.

ώ Intentional Tort Law.

 Regulations of Business.

 Protection of Intellectual Property.

 Employment Law.

 Securities Regulation and Accountant Liability to

Financial Statement.

 Antitrust and Monopoly.

 The Law and Introduction to Contracts.

 Introduction to Law of Contract.

 Consideration.

 Contractual Capacity.

 Contracts in Writing.

 Third Parties relationship to Contracts.

 Performance, Breach, and Discharge.

 Remedies.

 Agency and Representations.

 Relationship of Principal and Agent.

 Relationship with Third Parties.

 Powers of Agent to Bind the Principal.

 The misrepresentation by the Agent.

 The Law of Estoppel in Agency Relationship.

Assessment : Mid Semester Test.

 Unincorporated Business Associations.

 Formations of General Partnerships.

 Operations of General Partnerships.

 Dissolution of General Partnerships.

 Limited Partnerships and Limited Liability Companies.

 Corporations.

 Nature of Corporations.

 Formation and Powers of Corporations.

 Rights and Duties within the Corporations.

 Financial Structures of Corporations.

 Sales.

 Introduction to Law relating to Sales.

 Sales and Leases.

 Performance.

 Transfer of Title and risk of loss.

 Products Liability: Warranties.

 Warranties and Strict Liabilities in Law of Tort.

 Remedies.

 Debtor and Creditor Relationship.

 Secured Transactions in personal property.

 Suretyship.

 Bankruptcy.

 Course Review.

Assessment: Final Examination.

Prerequisites: None

Recommended Texts: West’s Legal Environment of Business: Text

Cases Ethical, Regulatory, and International

Issues, by Frank B. Cross, Roger Leroy Miller,

September 1997.

Smith and Robertson’s Business Law, by

Richard A. Mann, Barry S. Roberts, June 1997.

Business Law and The Legal Environment

(The Dryden Press Business Law Series), by

George J. Siedel, Jethro Koller Lieberman, HBJ

University & School Division, January 1992

Recommended Journal: Academy of Legal Studies in Business,

by International Business Law Journal

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4211

Course Title: Intermediate Financial Accounting

Course Credits: 3

Instructor: Mrs. Barbara Holmes, M.Sc.

Course Description

The course explores accounting by investigating balance sheets, income

statements and cash flow statements. The course includes detailed analysis of

balance sheet items (e.g. cash, inventory, accounts receivable and other current

assets), with an emphasis on the concepts of present and future values. In

addition, the course explores corporation’s capital stock transactions and

dividend, income and taxes, stockholders’ equity, and investments on stocks.

Course Objectives

To provide students with more extensive intermediate concepts of financial

accounting and their role in the managerial decision-making process

To provide the student with a higher level of problem analysis and problem

solving ability through the use of CPA-level professional accounting materials

Course Goals

At the end of this course, students will be able to:

ώ Understand, prepare and interpret corporate financial statements,

such as the income statement, statement of retained earnings, the

balance sheet, and the cash flow statement by analyzing statement

sections and subsections in problems and accounting assignment

analysis work

Course Content

 Income Statement and Related Information

 Income statement

ώ Usefulness of income statement

ώ Limitations of income statement

 Format of income statement

ώ Elements of the income statement

ώ Single step income statements

ώ Multi-step income statements

ώ Intermediate components of income statement

ώ Condensed income statement

 Reporting Irregular Items

ώ Discounted operations

ώ Extraordinary items

ώ Unusual gains and losses

ώ Changes in accounting principles

 Special reporting issues.

ώ Intra-period tax allocation

ώ Earnings per share

ώ Retained earnings statement

ώ Comprehensive income statement

 Balance Sheet

 Classification in the balance sheet

ώ Current assets

ώ Long-term investments

ώ Property, plant, and equipment

ώ Intangible assets

ώ Current liabilities

ώ Long-term liabilities

ώ Financial instruments

ώ Owners equity

 Balance sheet format

 Additional Information Reported

ώ Contingencies

ώ Accounting policies

ώ Contractual situations

 Techniques for disclosures

 Funds Flows Statements

 Purpose of funds flow statement

 Content and format of funds flow statement

 Preparation of funds flow statement

 Usefulness of funds flow statement

ώ Financial liquidity

ώ Financial flexibility

ώ Free cash flow

 Accounting and Time Value of Money

 Basic time value concepts

ώ Application of time value concepts

ώ Choosing appropriate interest rate

ώ Simple and compound interest

 Single-sum problems

ώ Future value of a single sum

ώ Present value of a single sum

ώ Solving for other unknowns in single sum

 Annuities

 More complex situations

ώ Deferred annuities

ώ Valuation of long-term bonds

ώ Effective interest, method of amortisation of bond

ώ Discount or premium

Assessment: Mid Semester Test

 Cash

 Management and control of cash

 Receivables

 Recognition of accounts receivables

 Valuation of accounts receivables

 Recognition of notes receivables

 Valuation of notes receivables

 Disposition of accounts and notes receivables

 Presentation and analysis

 Valuation of inventories

 Inventory classification and control

 Basic issues in inventory valuation

 Physical goods included in inventory

 Costs included on inventory

 Basis for selection of inventory method

 Acquisition and Disposal of Property, Plant and Equipment

 Acquisition of property, plant and equipment

 Valuation

 Costs subsequent to acquisition

 Disposition of plant asset

 Depreciation, Impairment and Depletion

 Depreciation – a method of cost allocation

 Impairment

 Depletion

 Presentation and analysis

 Corporations: Organisation, Capital Stock transactions, and

Dividend

 Stockholders equity

 Sources of paid-in capital

 Issuing stock

ώ Premium on stock

ώ No-par stock

 Stock splits

 Accounting for dividend

 Corporations: Income and Taxes, Stockholders’

Equity, and Investments on Stocks

 Corporate income taxes

 Unusual items that affect the income statement

 Earnings per common share

 Reporting stockholders’ equity

 Comprehensive income

 Accounting for investment in stocks

 Business combinations

 Financial analysis and interpretations

 Course reviews

Assessment: Final Examination

Prerequisite: BAC 4111 Fundamentals of Accounting I

Recommended Texts: Accounting 19

Edition, by Carl S. Warren,

James M. Reeve, Philip E. Fess, South-Western, ISBN

0538869720, 1998.

Intermediate Accounting, 10th Edition, by

Donald E. Kieso, Jerry J. Weygandt, Terry D.

Warfield, John Wiley & Sons, ISBN 0471363049, 10th

edition (July 2000).

Intermediate Accounting with Becker CPA

Review CD-ROM, by Fred Skousen, James D. Stice,

Earl Kay Stice, South-Western University Publishing,

ISBN 0324121679, 14th edition (December 28, 2000)

Fundamentals of Intermediate Accounting, by

Donald E. Kieso, Jerry J. Weygandt, Terry D.

Warfield, John Wiley & Sons, ISBN 0471072036,

(October 2002)

Intermediate Accounting w/ S&P package, by

Thomas R. Dyckman, McGraw-Hill/Irwin, ISBN

0072508051, 5th Pkg edition (May 3, 2001)

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4212

Course Title: Introduction to Auditing

Course Credits: 3

Instructor: Mrs. Barbara Holmes, M.Sc.

Course Description

This course explores the introductory aspect of auditing, looking at the latest

developments in the environment, standards, and methodology of auditing. It

explains the theory and practice of internal auditing and provides thorough

coverage of audit theory while incorporating the real life experiences of the

auditor.

The course explores the principles, and standards and procedures of external

auditing are examined. Internal and external auditing are compared. Topics

include audit of assets, liabilities, equity, revenue and expenses; standards and

the nature of evidence and flowcharting and sampling

Course Objectives

To familiarise the students with auditing theory

To introduce the students to techniques used in the audit of the various

transaction cycles and the elements of the financial statements, and

To provide the students with a good understanding of auditing as a profession

Students will learn how to "understand" and evaluate the internal control

structure, plan an audit, develop audit programs, prepare audit working papers,

and prepare the appropriate audit report

Course Goals

At the end of this course, student would be able to:

ώ Develop comprehensive understanding of the theory and practice of

both internal and external auditing processes.

ώ Understanding the step-by-step approach to streamlining the activities

of audit management matrices and the practical details of each

component of the audit function, from administration to performance

to reporting

ώ Develop and improve auditing regarding reporting consistency,

readability, and results of all documentation and reporting processes

Course Content

 The Auditing Environment

 Auditing and the public accounting profession.

 Financial statement audits and auditor's responsibilities.

 Professional ethics.

 Auditor's legal liability.

 Auditing Planning

 Overview of the audit process.

 Audit evidence, audit objectives, audit programs and

working papers.

 Accepting the engagement and planning the audit.

 Materiality, risk, and preliminary audit strategies.

 Understanding internal control.

 The Audit Process

 Audit responsibilities and objectives.

 Audit evidence.

 Audit planning and analytical procedures.

 Materiality and risk.

 Internal control and control risk.

 Overall audit plan and audit program

 Audit Testing Methodology.

 Assessing control risk/tests of controls.

 Detection risk and the design of substantive tests.

 Audit sampling in tests of controls.

 Audit sampling in substantive tests.

Assessment: Mid Semester test.

 Auditing the Transactions Cycles

 Auditing the revenue cycle.

 Auditing the expenditure cycle.

 Auditing the production and personnel services cycles.

 Auditing the investing and financing cycles.

 Auditing investments and cash balances.

 Application of the Audit Process to the sales and Collection

Cycle.

 Audit of the sales of collection cycle: Test of controls and

substantive tests of transactions.

 Completing the tests in the sales and collection cycle:

Accounts receivable.

 Audit sampling for tests of details of balances.

 Completing the Audit, Reporting, and Other Services.

 Completing the audit/post-audit responsibilities.

 Reporting on audited financial statements.

 Other services and reports.

 Assurance services.

 Internal, operational, and governmental auditing.

 Application of the Audit Process to Other Cycles

 Audit of the acquisition and payment cycle: Tests of

controls, substantive tests of transactions, and accounts

payable.

 Completing the tests in the acquisition and payment

cycle: Verification of selected accounts.

 Audit of the inventory and warehousing cycle.

 Audit of cash balances.

 Management of Internal Audit.

 Audit objectives and strategies.

 Audit structures.

 Resourcing the audit unit.

 Quality assurance and procedures.

 Audit information systems.

 Marketing audit services.

 Training and development.

 Managing change.

 Course Review

Assessment: Final Examination

Prerequisites: BAC 4111 Fundamentals of Accounting I

Recommended Texts: Modern Auditing, by William C. Boynton,

Raymond N. Johnson, Walker G. Kell, Ray Johnson,

John Wiley & Sons, ISBN 047118909X, 7th edition

(December 2000)

Principles of Auditing and Other Assurance

Services, by Ray Whittington, Kurt Pany, O. Ray

Whittington, McGraw-Hill/Irwin, ISBN

007232726X, 13th edition (July 19, 2000)

The Internal Auditing Handbook, by K. H.

Spencer Pickett, Gerald Vinten, Spencer Pickett, John

Wiley & Sons, ISBN 0471969117, Bk&Disk edition

(June 1997)

Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4212

Course Title: Introduction to Business Statistics

Course Credit: 3

Instructor: Dr. Basil Springer

Course Description

Introduction to business statistics is designed to impart accounting and e-

commerce students with the statistical knowledge to enable them to collate,

arrange and manipulate data to reach some desirable result. Thus, this course

will expose students to the geographical methodology of describing data sets, and

the probabilities of events or situations occurring or not occurring.

The probability calculation would be studied by looking at the normal and

discrete continuous probability to give students a proper grasp of the important

probability concepts and its relevance to the e-commerce business.

Further, results reached would have to be validated and students would be taught

in the process the methods and techniques of testing hypothesis by adopting

among other techniques the T-test. We would additionally look at the linear

programming calculation and the least square estimation methods.

Course Objectives

This course is designed to make students very knowledgeable in the business

calculation of outcomes with or without perfect information. The business world

is legioned with uncertainties, which without some form of base poses much

difficulty to operate.

However, this course will attempt to bridge this uncertainty problem by adopting

and teaching the tools necessary for students to be able to forecast and calculate,

to an appreciable degree of certainty, an outcome to happen.

Course Goals

The expectation at the end of this course is to produce students that have the

cutting edge skills in:

ώ The collating and manipulating of data to establish meaningful

information that would help the business units in reaching

quality decisions that improve the operations of the

organization.

ώ Understanding all the statistical techniques to enable the

students produce valid data outcomes tested for its

reliabilities.

ώ Forecasting the business profitability, product outcomes in

terms of expected sales, and most importantly the business

economic, political, and environmental operating conditions to

enable organizations make long term strategic decisions.

Course Contents:

 Introduction.

 Why a Manager Needs to Know About Statistics.

 The growth and development of modern statistics.

 Statistical thinking and modern management.

 Descriptive versus inferential statistics.

 Data Collection.

 Sources of data and types of data.

 Design of survey research.

 Types of sampling methods.

 Evaluating survey worthiness.

 Presenting Data in Tables and Charts.

 Organizing, tables and charts for numerical data.

 Graphing bi-variate numerical data.

 Tables and charts for categorical data.

 Tabulating and graphing bi-variate categorical data.

 Summarizing and Describing Numerical Data.

 Exploring Numerical Data and Their Properties.

 Measures of Central Tendency, Variation, and Shape.

 Exploratory Data Analysis.

 Basic Probability.

 Basic Probability Concepts.

 Conditional Probability.

 Bayes' Theorem.

 Ethical Issues and Probability.

 Some Important Discrete Probability Distributions.

 The Probability Distribution for a Discrete Random

Variable.

 Binomial Distribution and Poisson distribution.

 Hyper-geometric Distribution.

 Covariance and its application in finance

 Decision Making.

 The payoff table and decision trees.

 Criteria for decision making.

 Decision making with sample information.

Assessment: Mid Semester Test.

 The Normal Distribution and Other Continuous

Distributions.

 The normal distribution and assessing the normality.

 The exponential distribution

 Sampling Distributions.

 Sampling distribution of the mean.

 Sampling from finite populations.

 Confidence Interval Estimation.

 Confidence Interval Estimation for the Mean (…s Known

& Unknown).

 Confidence Interval Estimation for the Proportion.

 Determining Sample Size. Estimation and Sample Size

 Determination for Finite Populations.

 Applications of Confidence Interval Estimation in

Auditing.

 Fundamentals of Hypothesis Testing: One-Sample Tests.

 Hypothesis-testing methodology

 Z test of hypothesis for the mean (…s Known).

 The p value approach to hypothesis testing.

 A connection between confidence interval estimation and

hypothesis testing.

 Using Microsoft Excel for One-Sample Tests of

Hypothesis.

 Two-Sample Tests with Numerical Data.

 ANOVA and Other c-Sample Tests with Numerical Data.

 The completely randomized model: One-factor analysis of

variance.

 The randomized block model: the factorial design model:

Two-Way Analysis of Variance.

 Using Microsoft Excel for ANOVA and Other c-Sample

Tests with Numerical Data.

 Using Minitab for ANOVA and Other c-Sample Tests with

Numerical Data.

 Two-Sample and c-Sample Tests with Categorical Data.

 Z test for differences in two proportions (Independent

Samples).

 Statistical Applications in Quality and Productivity

Management.

 Quality and Productivity: A Historical Perspective.

 A theory of management by process. The theory of

control charts.

 Control chart for the proportion of nonconforming

items—the p chart.

 Simple Linear Regression and Correlation.

 Types of regression models.

 Determining the simple linear regression equation.

 Measures of variation.

 Pitfalls in regression and ethical issues.

 Computations in simple linear regression.

 Minitab for simple linear regression.

 Introduction to Multiple Regression.

 Developing the multiple regression model.

 Residual analysis for the multiple regression model.

 Influence analysis.

 Testing for the significance of the multiple regression

model.

 Inferences concerning the population regression

coefficients.

 Testing portions of the multiple regression model.

 Course Reviews

Assessment: Final Examination.

Prerequisite: GSD 4112 Finite Mathematics.

Recommended Texts: Business Statistics, by Mario F. Triola, and Leroy

Franklin, January 1994.

Basic Business Statistics: Concepts and

Applications, by Mark L. Berenson, David M.

Levine, Prentice Hall, ISBN 0137956185, 7th Edition,

November 1998.

Matrix Algebra useful for Statistic, by Shayle R.

Searle.

Matrix Analysis, by Roger A. Horn, Charles R.

Johnson, Cambridge University Press, Reprint

Edition, July, 1990

Recommend Journals: Journal of Business and Economics Statistics,

by American Statistical Association.

Journal Statistics, by Mark A. Fuller, AMJ

Webmaster

Journal of Statistics Education, by McGraw-

Hill Higher Education, The McGraw-Hill Companies,

1999.

Program: Bachelor of Science Degree in Accounting

Course Code: BMS 4213

Course Title: Micro-Economic Analysis

Course Credit: 3

Instructor: Mr. Kevin Higgins, M.Sc.

Course Description

This course reviews the micro economic issues and then goes further to define the

managerial economic concepts in relation to the firms’ operation within an

economy, considering the economic constraint and market forces.

We will also cover in this course the examination of the market systems,

competition and the government policies towards the market situation and

conditions. We will specifically look at the competitive market, monopolistic

markets, oligopoly and the level of intervention of the government.

Our focus would also on the pricing decisions of the firms, and the price

determinants, in the face of demand and supply mechanism.

Course Objectives

This course is designed to ensure that management students acquire the

necessary skills and knowledge in the economics of the firm’s environment of

operation.

One of the objectives of this course is to develop students to have cutting edge

skills in the efficient production systems which focus on production cost function,

making short and long run critical decisions for the firm to continue its operation

without capacity interruption and also making it possible for operation at full

capacity.

This course also ensures that pricing decisions are made, considering all the

input and external influences, and bearing in mind the demand and supply of the

goods and services.

All rational firms desire to operate at full capacity, through optimum production

capacity, and allowing an equilibrium market demand for their goods and

services, thus ensuring profit maximization. This concept is basically what this

course objective is all about - for students to have the managerial abilities to

operate an organization.

Course Goals

We expect that at the end of this course students would have acquired the

necessary skills towards:

ώ Making sound economic and managerial decisions of operational

efficiency and effectiveness in their economic resources and being able

to review vital opportunity costs.

ώ Understanding and operating in the complex structures both

monopolistic and oligarchy market systems making appropriate and

profitable decisions that keep the business units or models ahead of

competition and market share.

ώ Making accurate and decisive input into the pricing decisions of the

firms, considering that pricing decisions is one among others that

affect immensely the organization revenue and overall growth

potential.

Course Contents:

 Introduction to Managerial Economics.

 Managerial Economics defined.

 Economics of effective Management.

 Identifying goals and Constraints.

 The Firms Value Markets and Consumers.

 The economic activity and value creation.

 The Operation of Open Market, Market forces, and

Market Equilibrium.

 The Firms in Marketplace and nature of Competition.

 The Market Systems in Action.

ώ The Competitive or Perfect Market Model.

ώ The Monopoly Market and Barriers to Entry.

 Market Demand and the Pricing Decision.

 The Firm in a competitive Market.

 The Economies of Market Power.

 Market Structure, Competition Policy and

Privatisation

 Pricing.

 Price Determinants.

ώ The State of Demand and Supply.

ώ The Market condition: Equilibrium or

Disequilibrium.

ώ Substitution and Income Effects.

ώ The Indifference Consumer: Indifference

Curve.

 The Micro Economic Approach.

 Aggregate supply, Aggregate demand and the price level.

 Understanding interest rates and monetary Policy.

 Unemployment and its level.

 The Consumption and Savings Propensity.

 The Production Function.

 The Short-run versus the Long-run Decision.

 Average and marginal product.

 Cost Elasticity.

 Cost minimization and the Isoquants.

 Optimal Input Substitution.

 Fixed and Variable Cost.

 Taxation, Government Spending, and Resource Allocation.

 The Labor Market and Wages.

 Input Prices, Interest Rates, Rent and Profits.

Course Review.

Assessment: Final Examination.

Prerequisites: None.

Recommended Texts: Business Economics, Roger Perman, and John

Scouller, April 1999

Microeconomics: Theory and Applications, by

Dominick Salvatore, Addison-Wesley series in

Economics, December 1997.

Recommended Journals: Journal of Economic Theory, by

Academic Press, Inc. ISSN 0022-0531 Editor:

Karl Shell

Economic Analysis: A Journal of

Enterprise and Participation, Editors:

William Bartlett, University of Bristol, UK

Milica Uvalic, University of Perugia, Italy,

ISSN 1366-8099, Volume 3, 2000, 3

Economic Analysis and Policy is the

journal of the Economic Society of Australia

(Queensland) Inc the Journal of the Economic

Society of Australia (Queensland) Inc.

Associate Professor Steve Harrison, Associate

Professor Tony Makin, ISSN 0313-5926

Program: Bachelor of Science Degree in Accounting.

Course Code: BMS 4214

Course Title: Operations Management

Course Credit: 3

Instructor: Mrs. Wendy Ferguson, MBA

Course Description

This course introduces the operations management concepts to the students,

pointing out the quantitative approach to management operations and

scheduling. We expose students to mathematical and scientific designs and

redesigns of the management operation systems for efficient use of resources and

manpower.

The concepts would be expanded to cover the nature of operation management,

the application of the concepts to the global business environment, and the use of

the concept in the development of strategic business plans and operational

systems.

We further explore the use of the operational management methodology towards

the designing of organization systems of operations, in forecasting, product

design and production, design of the production or service facility, management

of the human resources and job scheduling, and the quality control processes.

The quantitative modules for dealing with various aspects of management would

be critically discussed in order to provide accurate and precise operational

standards. In doing so, we consider the application of operation management

tools in solving problems through linear programming, transportation models,

waiting line models, learning curves, and the decision making approaches.

Course Objectives

The objective of this course is to introduce students to the operations

management science of an organization.

To demonstrate the competitiveness and operations strategy of an organization,

designing operations management systems and project planning and control.

Course Goals

At the end of this course, students are expected to have developed competent

skills in the:

ώ Understanding of the operations management approaches to them

and applied such knowledge in the formulation of management

strategy in product/service design, quality control, facility layout

and location design, and other management scheduling

arrangements.

ώ Understanding and demonstrating of adequate skills in the

management of the business units adopting the scientific approach

to management and strategy development.

ώ Quantitatively analyzing and reaching decisions on the conduct of

the organization’s operation using operations management tools

such as linear programming, transportation theory, queuing theory,

JIT production systems.

Course Contents:

 Introduction to Operation Management.

 Definition of the Concept of Operations Management.

 Operation and Productivity.

 Nature of Operations.

 Business Strategy and Global Operations.

 Competitiveness and the Operations Strategy.

 Operations in a Global Environment.

 Measuring performance and Benchmarking

 Designing Operations Management Systems.

 Quality Management.

 Forecasting.

 Product Design and Process Selection in Manufacturing

Sector.

 Product Design and Process Selection in Services Sector.

 Process Strategy and Capacity Planning.

 State of the art Technology in Operations.

 Waiting Line Management.

 Facility Locations Strategy.

 Facility Layout Strategy.

 Human Resources and Job Design.

 Managing Operations.

 Supply Chain Management.

 Inventory management.

 Aggregate Scheduling.

 Material Requirement Planning.

 Maintenance and Reliability.

 Quantitative Modules.

 Decision Making Tools and Models.

 Linear Programming.

 Transportation Models.

 Waiting Line Models.

 Learning Curves.

 Just-in-Time Production Systems.

 Job Shop Scheduling.

 Materials and Purchasing Management.

 Job Design, Re-Engineering, and Work Measurement.

 Project Planning and Control.

 Aggregate Planning.

 Transformation System Design.

 Course Review.

Assessment: Final Examination.

Prerequisites: BBA 4111 Organization and Management

Recommended Texts: Operations Management for MBAS, by Jack R

Meredith, Scott M. Shafer, December 1998

Operations Management, by Barry Render, Jay

H. Heizer, August 1998

Fundamentals of Operations Management, by

Nicholas J. Aquilano B. Chase, Mark M. Davis, June

1995.

Operations Management, by, Roberto S. Russell,

Prentice Hall, ISBN 0130178888, 3rd Edition, June

1999.

Recommended Journals: Journal of Operations Management, by

J. Meredith, April 18th 2000

Journal of Operations Management,

Amsterdam, ISSN: 0272-6963, Swets &

Zeitlinger

'Operations management - from Taylor

to Toyota - and Beyond?', by Voss, C.A.

(1995) British Journal of Management, Vol.6,

Special Issue, S17-S29, December

Journal of Operations Management, by

Editor-in-Chief: J. Meredith, Published by

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Elsevier Science in collaboration with APICS,

Educational & Research Foundation, 26 Oct

2000

Program: Bachelor of Science Degree in Accounting

Course Code: BMS 4225

Course Title: Operations Research

Course Credit: 3

Instructor: Mr. Jonathan Mycklewhyte, M.Sc.

Course Description

This course, as an elective, is focused on tackling the broad range of allocation

problems that actually confront engineers, programmers and analysts in today’s

business, industrial and communication world.

This study gives complete step by step guidance in all the mathematical

programming techniques, including linear programming problems, the theory of

simplex methods, dual theory and sensitivity analysis.

The course further gives students a variety of mathematical choices and

applications in operations research such as the transportation problems, queuing

theory, game theory, inventory model and forecasting.

Students would be exposed to studies in deterministic and stochastic

programming techniques, and the markov chain.

Course Objectives

This course is designed to broaden students’ knowledge in the operation research

of an organization to enable students to better model the organizations’

operations.

To logically explain the procedures to analyze and solve complex problems

For students to learn the optimization techniques which facilitate their

understanding in developing allocation of cost and operations’ methods for

efficient use of resources, time and job scheduling.

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Course Goals

We expect that at the end of this course students should have developed sound

understanding of the techniques and skills in:

ώ The adoption of operations research tools in business and communication

problems and application.

ώ Adopting the transportation and assignment techniques in solving

complex problems about business activities in making logistics decisions.

Course Contents:

 Introduction to Operation Research

 Definition of Operation Research.

 The Nature of Operation Research.

 Impact of Operation Research in an Organization.

 Operation Research Modeling Approach.

 Defining the problem and gathering Data.

 Formulating the Mathematical Model.

 Derivation of solutions from the Model.

 Preparation to apply solution.

 Testing the Model.

 Implementation.

 Introduction to Linear Programming.

 The Linear Programming Model.

 Assumptions of Linear Programming.

 Recognition of the Linear Programming Constraints.

 Solving the Linear Programming Problems: Adopting the

Simplex Method.

 The essence of the Simplex Method.

 Setting up of the Simplex Methods.

 Post-Optimality Analysis.

 The Interior-Point Approach to Solving Linear

Programming.

 The Theory of Simplex Methods.

 Duality Theory and Sensitivity Analysis.

 The Essence of Duality Theory.

 Primal-Dual Relationships.

 The Role of Duality Theory in Sensitivity Analysis

 The essence of Sensitivity Analysis.

 Other Algorithms for Linear Programming.

 The Dual Simplex Methods.

 Parametric Linear Programming.

 The Upper Bound Technique.

 The Transportation and Assignment Problems.

 The Transportation Problem.

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 A Streamlined Simplex Method for the Transportation

Problem.

 Adopting the Stepping-Stone Approach.

 The Assignment.

 Network Analysis, Including PERT-CPM.

 Dynamic Programming.

 Characteristics of Dynamic Programming Problems.

 Deterministics Dynamics Programming.

 Probabilistics Dynamic Programming.

 The Game Theory.

 The Formulation of Two-Person, Zero-Sum Games.

 Solving Simple Games-A Prototype Example.

 Games with mixed Strategies.

 Solving by Linear Programming.

 Interger Programming.

 The Branch to Bound Algorithms for mixed Interger

Programming.

 Application to Binary Interger Programming.

 Recent Development in Solving BIP Problems.

 Non-Linear Programming.

 Sample Applications.

 Graphical Illustration of Non-Linear Programming

Problems.

 Types of Non-Linear Programming Problems.

 One-Variable Unconstrained Optimization.

 Multivariable Unconstrained Optimization.

 Quadratic Programming.

 Convex Programming.

 MARKOV Chains.

 Stochastic Processes.

 Markov Chains.

 Chapman-Kolmogorov Equations.

 The Long Run Properties of Markov Chains

 Classifications of States of a Markov Chain.

 Absorption.

 Queuing Theory.

 Basic Structure of Queuing Models.

 Examples of Real Queuing Systems.

 The Role Exponential Distribution.

 The Birth-and-Death Process

 Queuing Models based on the Birth-and Death Process.

 Queuing models involving none exponential

distributions.

 Priority-Discipline Queuing Models

 The Application of Queuing Theory.

 Decision making

103

 Formulation of waiting-cost functions.

 Inventory Model.

 Components of inventory models.

 Deterministics models.

 Stochastic models

 Forecasting.

 Simulation.

 Formulating and implementing a simulation.

 Experimental Design for Simulation.

 Regenerative Methods of Statistical Analysis.

 Course Review.

Assessment: Final Examination.

Prerequisites: GSD 4112 Finite Mathematics

Recommended Texts: Introduction to Operations Research

(McGraw-Hill Series in Industrial

Engineering and Management Science), by

Frederick S. Hillier, Gerald J. Lieberman, and Gerald

Liberman, by March 1995

Operations Research: An Applications and

Algorithms, by Wayne L. Winston, January 1997.

Recommend Journals: Annals of Operations Research, Volume 93-100

ISSN: 0254-5330Peter L. Hammer, RUTCOR,

Rutgers University, Piscataway, USA

International Abstracts in Operations

Research, ISSN 0020-580X, 2000 Volume 51,

published bi-monthly, by Official journal of the

International Federation of Operational Research

Societies

104

Program: Bachelor of Science Degree in Accounting

Course Code: BMS 4226

Course Title: Managerial Decision-Making

Course Credit: 3

Instructor: Dr. Bridgette Rolle

Course Description

This course introduces the foundation of managerial decision making, the

processes, stages and levels of decision making, and the rationality of decision

making, including the values placed on decision making.

The decision making process is an interdisciplinary concept that cuts across all

aspects of life and profession. Hence, the decision making process is viewed from

different value perspectives, such as the eclectic approaches, the psychological

and sociological, social psychology and political aspects of decision-making. This

approach is consistent with the current business department emphasis on cross-

functionality.

This course will also use a process model to focus on the process of a decision

rather than the outcome. The course presents a variety of perspectives useful for

making and evaluating decisions in all kinds of organizations.

Course Objectives

The objective of this course is to sharpen the students’ managerial decision-

making skills.

This course starts with the foundation and processes of decision-making and

progresses to interdisciplinary aspects of managerial decision-making, types and

problem definitions, and follows up on expected results.

Course Goals

Students at the end of this course are expected to have acquired the necessary

skills in:

105

ώ Adopting multidisciplinary values and approaches in the decision

making process of the organization to reflect the diverse

department within the systems.

ώ Understanding techniques and methodologies for making strategic

long/short term managerial decisions that enhance operational

effectiveness of the organization.

ώ The decision making processes after giving due considerations and

quantitative analysis of the internal and external constraints within

the organization.

ώ Streamlining the decision making processes of the organization,

problem definition setup, establish decision criteria, establish

alternative solutions, and follow up actions to check for errors.

Course Contents:

 Introduction to Managerial Decision-Making.

 Foundation of the Managerial Decision-Making.

 Overview of the Concept.

 The Decision-Making Process.

 Levels of Decision in an Organization.

 Rational Decision-Making.

 Values for Decision-Making.

 Interdisciplinary Aspects of Managerial Decision-Making.

 Eclectic Approaches to Decision-Making.

 The Psychology of Decision Making.

 The Sociology of Decision Making.

 Political Aspects of Decision-Making.

 Foundations of Strategic Decision-Making.

 Strategic Decision Perspectives.

 Strategic Decision Success.

 Fundamental Elements in the Managerial Decision-Making.

 Problem Definition.

 Developing Possible Alternative Solution Situations.

 Gather Relevant Information about the Alternative

Solutions.

 Considerations of, and Evaluating Alternatives.

 Decision Point.

 Follow up on Expected result.

Assessment: Mid Semester Test

 Types of Managerial Decision-Making.

106

 Personal as against organizational Decisions.

 Strategic Decision.

 Integrative Decisions.

 Operational Decisions.

 Intuitive versus Rational Decisions.

 Problems Solving versus Opportunistic Decisions.

 Organizational Politics.

 Internal Constraint.

 External Constraint.

 Decision Styles.

ώ Centralized Decisions.

ώ Decentralized Decisions.

 Participation.

 Normative Decision Model.

 Personal Influences in Decision Style

 Impulsiveness.

 Over-cautiousness.

 Ego-Defensiveness Styles

 Intelligence Style.

 Refining the Decision Process.

 Become aware of the Problem.

 Define the Problem.

 Establish Decision Criteria.

 Develop Alternative Solutions.

 Analyze the Data.

 Decide or Take Action.

 Make Follow-up Decisions.

 Course Review.

Assessment: Final Examination.

Prerequisites: BBA 4111 Organization and Management

Recommended Texts: The Managerial Decision-Making Process, by

E. Frank Harrison, 1999.

Organization and Management, by Prof.

Andrew J.

DuBrin, R. Duane Ireland, and J. Clifton Williams,

South-Western Publishing Co. ISBN 0538074515.

Recommended Journals: Critical Success Factors for Dynamic

Decision Making in Business

Simulations, by Hun-Joon Park, Jinwoo

Kim, Kuen S. Yi, Kiho Jun, Jae-Yoon Moon,

Department of Business Administration,

Yonsei University Seoul, 120-749, Korea

107

Reasoning and Decision Making, by P. N.

Johnson-Laird, and Eldar Shafir (Eds.)

Cambridge, MA: Blackwell Publishers

The Think Aloud Method: A practical

guide to modelling cognitive processes,

by Someren, Maarten W. Barnard, Yvonne F.

and Sandberg Jacobijn A. C. (1994), San

Diego, CA: Academic Press.

Decision Making for Library

Management, by Bommer, Michael R.W.,

and Ronald W. Chorba, White Plains, New

York: Knowledge Industry Publications, 1982.

108

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4227

Course Title: Principles of Finance

Course Credit: 3

Instructor: Dr. Ngozi Iroegbulem

Course Description

This course focuses on introducing the fundamental concept of financial

management to students, exploring the financial theory, nature of financial

management and its importance to the organisation.

The management of finances requires that investments made are properly priced

and stated at fairly objective market prices. As some investments are very

technical, pricing becomes very difficult; hence we take a sound look at the

pricing of investments adopting the discounted flow analysis, portfolio theory

and capital asset pricing model, and then consider the capital structure theory.

The associated risk involved in this investment would be studied in detail here for

students to have a good grasp of the concept.

Investments are either made for the short run period or in the long run period.

Whichever period the investment is made for, it has certain applicable

peculiarities that need expert advice and knowledge. As a result, this course

would also look at this area.

Course Objective

The objectives of this course are in developing students’ appreciation and

understanding of the principles and techniques in the efficient management of

financial resources of the organization.

109

To learn different techniques for investment evaluation and acceptable criteria

for any investment to be made, and rationalizing the payback period

Course Goals

At the end of this course, students are expected to be able to:

ώ Understand the concept and uses of the financial management

theories and analysis techniques for the efficient management of

the organization’s financial resources.

ώ Apply the specialized techniques towards prudent and accurate

analysis of the investment plans of the organization’s financial

resources considering investments associated risks and returns, and

the need for cash management.

ώ Manage adroitly the cash flow position of the company in ensuring

that proper fiscal planning is made and the company is in a position

to obtain discount or incentives for early payment of debt and or

any financial obligations.

ώ Structure the appropriate financial leverage for the company,

knowing the right balance between equity and debt finance, and its

implications to the organization’s financial position and prospects

for an emerging blue chip company.

Course Contents:

 Introduction to the Fundamental concept of Financial

Management.

An Overview of Financial Management.

The Financial Theory.

The Nature of Financial Management.

Uses and Importance of Financial Management.

 The Pricing and Analysis of Investment.

Discounted flow Analysis.

Portfolio Theory and Capital Asset Pricing Model.

Capital Structure Theory.

Market Efficiency and the Risk/Return Trade-Off.

Risk and Return Concept.

110

ώ Probability Distributions and Expected Rates

of Return.

ώ Stand-Alone Risk Analysis and Market Risk.

ώ The Capital Market line.

ώ The Security Market Line.

 Long-Term Investment Decisions.

The Cost of Capital.

The analysis of Weighted Average Cost of Capital.

The Cost of Debt.

The Cost of Preferred Stock.

The Cost Retained Earnings.

Capital Budgeting Decision Models.

Modified Internal Rate of Return.

Present Value of future Cost.

 Project Cash Flow Analysis.

Cash Flow Estimation.

Tax Effects.

Changes in the net Working Capital.

Replacement Cost Analysis.

Evaluating Project.

Adjustment for Inflation.

Assessment: Mid Semester Test

 Risk Analysis in Capital Budgeting.

Corporate Risk.

Market Risk.

Incorporating Risk ands Capital Structure into Capital

Budgeting Decision.

The Optimal Capital Budget.

Investment Opportunity Schedule.

The Marginal Cost of Capital.

 Capital Structure and Dividend Policy.

Capital Structure theory.

The Modigliani-Miller Model.

Capital Structure Decision.

The Impact of Asymmetric information to Capital Structure

Theory.

Variations in Capital Structures.

The Book Weight against the Market Weights.

111

The Dividend Policy.

Notable factors that Influence Dividend policy.

 Long-Term Financing Decision.

Common Stock and the Investment Decision.

Types of Common Stock.

Decision to go Public.

Regulation and the Investment Banking Process.

Bond Ratings.

Debt Financing.

 Financial Analysis and Long-Term Planning.

Financial Statement Analysis.

Ratio Analysis.

Percentage Change Analysis.

 Course Reviews.

Assessment: Final Examination / Case Study Analysis.

Prerequisites: BAC 4125 Mathematics for Finance

Recommended Texts: Intermediate Financial Management, by

Eugene F. Brigham, November 1997

Foundations of Multinational Financial

Management, 3

Edition, January 1998.

Recommended Journals: Journal of Finance, publication of The

American Finance Association, Editor: Richard C.

Green, 04/03/2000

Journal of International Financial

Management & Accounting, Blackwell

Publishers, ISSN: 0954-1314 Volume/Year: 12/2001

Journal of Multinational Financial

Management, Elsevier Science I. Mathur

Journal of Financial Management of

Property and Construction, Prof Akintola

Akintoye, Department of Building and Surveying,

Glasgow Caledonian University, Glasgow G4 0BA

UK, Dr. Jim Birnie, School of Built Environment,

University of Ulster at Jordanstown, Newtownabbey

BT370QB.

112

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4228

Course Title: Introduction to Cost Accounting

Course Credits: 3

Instructor: Mrs. Barbara Holmes, M.Sc.

Course Description

This course is designed for students who expect to be using cost information.

Units of study include the nature and behavior of production costs, cost cycle,

overhead and overhead rates, absorption costing, cost standards, variance

analysis and reporting for cost control. Emphasis is placed on the nature of cost

concepts and reports as they relate to management objectives.

The course also covers the essential cost accounting topics such as job-order

costing, process costing, and standard costing systems, overhead allocation and

etc. it introduces the role that cost accounting plays in cost management systems.

Course Objectives

To provide students with details how cost accounting systems work and how the

resulting information can be used.

To provides students with case studies on costing issues and sample journal

entries for the most common cost entries.

To discuss the role of a cost accountant in assisting the modern-day management

team in running a company.

Course Goals

At the end of this course, students should be able to:

113

ώ Understand and distinguish between financial accounting and

cost accounting and identify the major components of a cost

control system.

ώ Understand and calculate breakeven point and target operating

income using cost-volume-profit analysis, while demonstrating

sound knowledge of job-order costing system for accounting for

costs in a manufacturing company as well as a service company.

ώ Understand adequately job-order costing, process costing and

activity-based accounting systems.

ώ Understand and calculate correctly the price, efficiency and

overhead variances. Also they would be able to analyze the

differences in operating income under absorption costing and

variable costing.

Course Content

 Purpose of Cost Accounting

 Introduction to Cost Accounting.

 Role of cost accountant

 Cost accounting’s job

 Impact of ethics on the cost accountant

 Cost Systems and Data Collection

 Using data systems to collect costing information

 Timekeeping and payroll

 Chart of accounts

 Selecting and installing cost accounting software

 Paper-based documents in the modern costing systems

 Accounting for Materials.

 Accounting for Labor.

 Accounting for Factory Overhead.

 Costing Methodologies

 Job costing

 Process costing

 Direct costing

 Standard costing

 LIFO, FIFO, and average costing

 Throughput costing

 Joint and by-product costing

 Activity-based costing

114

 Target costing

 Costing systems summary

Assessment: Mid Semester Test

 Using Costs in Pricing, variance, and Operational Analysis

 Cost variances

 Waste: Spoilage, rework, and scrap

 Cost-volume-profit analysis

 Analysis reporting

 Managing Costs

 Cost controls and feedback loops

 Capital budgeting

 Capacity management

 Impact of manufacturing resources planning on cost

accounting

 Impact on just-in-time systems on cost accounting

 Cost of quality

 Cost variability

 Pricing Issues

 Transfer pricing

 Pricing decisions and laws

 Other Topics

 Corporate strategy and cost accounting

 Benchmarking

 Valuing inventory

 Costing best practices

 Cost budgeting

 Cost accounting for services

 Cost accounting with an electronic spreadsheet

 Cost accounting and taxes

 Fraud in cost accounting

 Course reviews

Assessment: Final Examination

Prerequisites: BAC 4111 Fundamentals of Accounting I &

BAC 4211 Intermediate Financial

Accounting

Recommended Text: Cost Accounting: A Comprehensive Guide, by

Steven M. Bragg, John Wiley & Sons, ISBN

0471386553, 1 edition (February 26, 2001)

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Cost Accounting: An Introduction to Cost

Management, by Philip Jagolinzer, South-Western

Publication, ISBN 0324015828, 1st edition (October

4, 1999)

Principles of Cost Accounting, by Edward J.

Vanderbeck, South-Western University Publishing,

ISBN 0324100949, 12th edition (July 9, 2001)

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4229

Course Title: Principles of Taxation

Course Credits: 3

Instructor: Mr. Everett Colby, M.Sc.

Course Description

This first course in taxation is designed to introduce students to the dynamic

discipline of taxation. The emphasis will be on the stable framework of tax law,

even though it changes regularly as it is amended to address revenue issues and

to meet economic and social needs.

The course presents the general role of taxation and its implications across all

taxpaying entities before discussing the details of specific exceptions. This

approach allows students to really grasp the fundamental concepts that are the

foundation for specific tax rules. The benefit is that the students will understand

the framework of the tax system, even though specific tax regulations change

from year to year.

The fundamental concepts of business and property transactions will be

emphasized. This should provide you with a good starting point for further tax

study, an appreciation of the impact of tax laws on our daily activities and insight

into how tax laws affect business and investment decisions.

Course Objectives

To enable students develop understanding of the rationale and logic behind

taxation system.

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Enable students acquire the ability to conduct basic tax planning including

identifying issues in common business and personal investment decisions

through issue recognition exercises.

Create awareness in students of the income tax implications inherent in business

and personal decision- making through tax planning cases.

Course Goals

At the end of this course, students would be able to:

ώ Understand the general role of taxation and its implications

across all taxpaying entities

ώ Develop sound knowledge to allows students to really grasp the

fundamental concepts that are the foundation for specific tax

rules.

ώ Understand the framework of the tax system, even though

specific tax regulations change from year to year.

Course Content

 Introduction to Principles of Taxation

 Fundamentals of tax planning

 The tax environment

 Taxes as transaction costs

 Basic maxims of income tax planning

 Basic Tax Concepts

 Types of taxes and the jurisdictions that use them

 Types of taxpayers

 Year of assessment and basis period

 Residence

 Source and territorial basis

 Preceding year basis and rate of tax

 Conceptual Foundation of Income Taxation

 Income tax concepts.

 Primary purposes of income taxation

 Other purposes of income taxation

 Measurement of taxable income

 Gross Income.

 Income sources.

 Income exclusions.

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 Tax Compliance Process

 Deductions

 Losses: deductions and limitations.

 Distinction between revenue and capital expenditure

 Allowable expenses

 Prohibited expenses

 Special deductions and further deductions

 Donations

 The Various Categories of Income and Their Tax Treatment

 Concept of income

 Deductions from gross income

 Tax status of the various categories of income

 Measurement of income

 Income by source

Assessment: Mid Semester Test:

 Income Taxation of Various Legal and Economic Entities

 Introduction

 Taxation of dividends from corporations

 Co-operative corporations

 The co-operative characteristics of mutual insurance

companies

 Tax-exempt organisations

 Wear and Tear Allowances

 Industrial building & structure

 Plant & machinery

 Approved know-how and patents

 Related party transfers

 Determination of Income Tax Liability

 The Taxation of Life Insurance Products

 Introduction

 Life insurance

 Annuities (excluding tax qualified plans)

 Tax qualified savings plans

 Separate account (segregated fund) life insurance and

annuity policies

 Other than life insurance

 Employee benefit plans

 The Taxation of Insurance Companies

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 Taxation of Life Insurance Companies

 The Taxation of Other-than-life Insurance in Canada

 The Impact of Regulatory Accounting on the Definition

of Taxable Income

 Property Transactions.

 Acquisitions of Property.

 Cost Recovery on Property: Depreciation, Depletion, and

Amortisation.

 Property Dispositions.

 Non-recognition Transactions.

 The Individual Taxpayer

 The Individual Tax Formula

 Compensation and Retirement Planning

 Investment and Personal Financial Planning

 Tax Consequences of Personal Activities

 Course review

Assessment: Final Examination

Prerequisites: BAC 4111 Fundamentals of Accounting I &

BAC 4211 Intermediate Financial

Accounting

Recommended Texts: Principles of Taxation for Business and

Investment Planning, 2003 Edition, by Sally

Jones, McGraw-Hill/Irwin, ISBN 0072524332, 6th

edition (April 17, 2002)

Income Tax Fundamentals 2001 Edition, by

Gerald E. Whittenburg, Martha Atlus-Buller, Gerald

E. Whittenburg, Martha Altus-Buller, South-Western

University Publishing, ISBN: 0324021151, 19th

edition (December 18, 2000)

Taxes and Business Strategy: A Planning

Approach (2nd Edition), by Myron S. Scholes,

Mark A. Wolfson, Merle M. Erickson, Terry Shevlin,

Edward Maydew, Prentice Hall, ISBN 0130253987,

2nd edition (January 23, 2001)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4312

Course Title: Business and Its Environment

Course Credits: 3

Instructor: Mr. Dale Dicks, MBA

Course Description

This course is the study of business decision-making process as these decisions

interact with the social, technological, political/legal and economic

environments. The causes and effects of the regulation of business are developed

and explored. This course addresses managerial issues in the social, political and

legal environments of business. Cases and readings emphasize strategies to

improve the performance of companies in light of their multiple constituencies,

in business environments. Topics include integrated strategy, activists and the

media, legislation affecting business, regulation and antitrust, intellectual

property, Internet privacy and international trade policy.

The course takes a managerial orientation focusing on strategy formulation and

implementation and integrates treatment of the economics and politics of

antitrust, regulation, environmental protection, and international trade policy.

The course also reviews ethical dimensions and frameworks for analyzing ethical

concerns and making decisions.

Course Objectives

To bring together the disciplines of economics, political science, law, and ethics to

address a class of management issues of growing importance to the performance

of companies.

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To provide conceptual frameworks for understanding issues in the environment

of business and their development; strategy formulation; analysis of the news

media; political analysis; the economics and politics of government intervention

in markets (regulation, antitrust, and torts); the economics and politics of

international trade; the political economy of countries; and ethical analysis and

decision-making.

Course Goals

At the end of this course, students would be able to:

ώ Understand the superior legal ethical and regulatory coverage

while fully integrating legal principles with business practices.

ώ Understand the macro-environment of business and how

elements in this environment impact businesses.

ώ Develop very good understanding of how businesses should

accommodate or react to these elements and the issues; what is

the appropriate role of government.

ώ Acquire a leading-edge combination of skill sets for assessing,

managing, and solving the complex environmental issues in

today's business world

Course Content

 Market and Non-market Environment

 The role of management

 The market and non-market environment

 Business: Its Legal Ethical and Judicial Environment.

 Introduction to law.

 Business ethics and social responsibility.

 The judicial system.

 Managing disputes: Alternative dispute resolution and

litigation strategies.

 Non-Market Strategies and Government Institutions.

 Political theory and government institutions.

 Political analysis for business.

 Formulating political strategies.

 Implementing political strategies.

 Government and Markets.

 Antitrust: economics, law, and politics.

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 Regulation: law, economics, and politics.

 Environmental protection: economics, politics, and

management.

 Law and markets.

 Information industries and non-market issues.

 Business: Its Regulatory Environment.

 Business and the constitution.

 Administrative law.

 International law.

 Business crime.

 Business torts.

 Product advertising and liability.

 Environmental regulation.

Assessment: Mid Semester Test.

 The Public Environment.

 Constitutional authority to regulate business.

 Powers and functions of administrative agencies.

 Criminal wrongs

 International Political Economy

 Business Competition and Sales.

 Business property.

 Trade practices: Antitrust laws.

 Contracts and sales: Introduction and formation.

 Contracts and sales: Performance and remedies.

 Financing of sales and leases: Credit and disclosure

requirements.

 Ethics and Responsibility.

 Corporate social responsibility.

 Ethics systems: utilitarianism.

 Ethics systems: rights and justice.

 Implementing ethics systems.

 Ethics issues in international business.

 Business and Its Employees.

 Management of employee conduct: Agency.

 Management of employee welfare.

 Employment discrimination.

 Course Review

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Assessment: Final Examination.

Prerequisites: BEC 4126 Introduction to Business Law

Recommended Texts: Business: It’s Legal, Ethical, and Global

Environment, by Marianne Moody Jennings,

South-Western Publication, ISBN 0538854413, 4th

edition (December 1996)

Business and Its Environment (3rd Edition),

by David P. Baron, Prentice Hall, ISBN 0130815616,

3rd edition (July 20, 1999)

Business in Context: an Introduction to

Business and its Environment, by David Needle,

International Thomson Business Press, ISBN

1861523580, 3rd edition (June 1, 2000)

Business and Its Environment, by John L.

Hysom, William (Editor), West Information

Publication Group, ASIN 031463259X, (July 1997)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4313

Course Title: Intermediate Accounting II

Course Credits: 3

Instructor: Mrs. Barbara Holmes, M.Sc.

Course Description

This course is a continuation of BAC 4201. Emphasis is on special problems

which may include leases, bonds, investments, ratio analyses, present value

applications, accounting changes, and corrections. The course involves issues on

the analytical problem-solving ability for students and accounting computer

problems involving preparation and completion of spreadsheets are integrated

throughout the course.

Course Objectives

To provide knowledge to enable the students to demonstrate an understanding of

the principles involved and display an analytical problem-solving ability for the

topics covered.

Course Goals

Upon completion of this course, the student will be able to:

ώ Use quantitative and qualitative tools and methods to prepare

spreadsheet models to analyze data; perform research effectively

using various available means and classify accounts and record

transactions.

ώ Account for investments by preparing adjusting entries for

decline in value of marketable securities; identify, compute and

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record liabilities; account for issuance of bonds payable between

interest payment dates and at a premium or discount and

determine amortization of the premium or discount by the

straight-line method and effective interest method.

ώ Compute the liabilities and assets associated with pension fund

accounting.

ώ Account for taxes by applying rules of taxation to prior, current

and future accounting periods.

ώ Account for corporate equity transactions: account for the

subscription, issuance and retirement of common, preferred and

treasury stock; and account for dividends and stock splits.

Course Content

 Review of Intermediate Accounting I

 Bonds Payable and Investment in Bonds

 Characteristics of bond payable

 The present-value concept and bonds payable

ώ Present value of the face of amount of bond

ώ Present value of the periodic bond interest

payments.

 Accounting for Bonds Payable

ώ Bonds issued as face amount, discount & premium

ώ Amortising a bond discount

ώ Zero-coupon bonds

 Bond Sinking Funds

 Bond Redemption

 Investment in Bonds

ώ Accounting for bond investment – purchase

ώ Interest, and amortisation

ώ Accounting for bond investments - sale

 Corporation Balance Sheet

ώ Balance sheet presentation of bonds payable

ώ Balance sheet presentation of bond investment.

 Financial Analysis and Interpretation

 Statement of Cash Flows

 Purpose of the statement of cash flows

 Reporting cash flows

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ώ Cash flows from operation, investing and financing

ώ Non-cash investing and financing activities

ώ No cash flow per share

 Statement of Cash Flows – The Indirect Methods

ώ Retained earnings, common stock and bonds

payable

ώ Other fixed assets

ώ Preparing the statement of cash flows

 Statement of Cash Flows – The Direct Methods.

ώ Cash received from: merchandise and customers

ώ Cash payment for operations and income taxes

ώ Gain on sale of assets and interest expense

ώ Reporting cash flow from operation

 Financial Analysis and interpretation

Assessment: Mid Semester Test

 Financial Statement Analysis

 Basic Analytical Procedures

ώ Horizontal analysis

ώ Vertical analysis

ώ Common-size statements

 Solvency Analysis

ώ Current position analysis

ώ Accounts receivable analysis

ώ Inventory analysis

ώ Ratio of fixed asset to long-term liabilities

ώ Ratio of liabilities to stockholders equity

ώ Number of times interest charges earned

 Profitability Analysis

ώ Ratio of net sales to asset

ώ Rate of earned on total asset

ώ Rate of earned on stockholders equity’s

ώ Rate earned on common shareholders equity’s

ώ Earnings per share on common stock

ώ Price-earning ratio

ώ Dividends per share and dividend yield

 Corporate Annual Reports

 Plant Assets and Intangibles: Acquisitions and Subsequent

Expenditures

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 Plant Assets and Intangibles: Depreciation, Depletion,

Amortization, and Disposition

 Leases

 Financial Instruments: Equity Securities

 Accounting for Income Taxes

 Pensions

 Employee Benefit Plans

 Course reviews

Assessment: Final Examination

Prerequisite: BAC 4211 Intermediate Financial

Accounting I

Recommended Texts: Accounting 19

Edition, by Carl S. Warren,

James M. Reeve, Philip E. Fess, South-Western, ISBN

0538869720, 1998.

Intermediate Accounting, 10th Edition, by

Donald E. Kieso, Jerry J. Weygandt, Terry D.

Warfield, John Wiley & Sons, ISBN 0471363049, 10th

Bk&cr edition (July 2000).

Intermediate Accounting w/ S&P package, by

Thomas R. Dyckman, McGraw-Hill/Irwin, ISBN

0072508051, 5th Pkg edition (May 3, 2001)

Intermediate Accounting, by Lanny G. Chasteen,

Richard E. Flaherty, Melvin C. O’Connor, McGraw-

Hill/Irwin, ISBN 0070119015, 6th edition (October 1,

1997)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4314

Course Title: Financial Reporting Requirement & Standard

Course Credits: 3

Instructor: Dr. Ngozi Iroegbulem

Course Description

This course would provide an in-depth study of accounting and external financial

reporting. Significant emphasis is given to the analysis and communication of

accounting information. As the individual topics are discussed, students will be

expected to identify and explain the significance of related accounting concepts

and conventions. Particular attention is given to a study of the body of generally

accepted accounting principles concerned with the recognition and matching of

revenues and expenses to determine accounting net income and the related

issues of asset measurement.

The study of the generally accepted accounting principles and original

authoritative pronouncements concerning measurement and reporting of an

entity's liabilities, equity, and cash flow would be conducted, with particular

emphasis is placed on developing the student's analytical and critical thinking

skills. Financial reporting in respect of accounting for business combinations

(mergers and acquisitions), preparation of consolidated financial statements and

specific issues related to inter-company investments; accounting for selected

international events (e.g., foreign currency transactions, translation of financial

statements of foreign affiliates, the use of forward exchange contracts, etc.);

significant coverage of accounting for not-for-profit entities; and other selected

topics of current interest would be covered.

Course Objectives

To provide students with a comprehensive guidance as to what companies should

now be doing to make their financial reporting more efficient and reliable, and

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illustrates how a sound internal control policy will be a requirement for the

organization that wants to compete in the evolving global marketplace.

This course would also introduce students to the meaning, use and regulations of

financial reporting in The Bahamas and globally towards developing their ability

to analyze and interpret financial statements for the purposes of assessing

performance and financial position of an entity to facilitate investment, lending

and other financial decisions.

Course Goals

Upon completing this course, students should be able to:

ώ Understand the nature and objectives of financial reporting;

ώ Understand the statutory and professional regulations that govern

financial reporting in The Bahamas and around the world and

appreciate their implications in analyzing financial statements;

ώ Understand the tools and techniques of financial statements analysis

and be aware of their limitations;

ώ Understand the relationship between accounting information and

capital market efficiency;

ώ Understand how to solve practical problems when applying the

techniques of financial statements analysis in assessing a real entity.

Course Content

 Fundamentals of International Accounting Standards.

 Framework for the preparation and presentation of

financial statements.

 Differences between Versions of Generally Accepted

Accounting Principles and Practices

 The Basle Committee and International Accounting

Harmonisation

 Financial Statement Preparation

 Structure and content

ώ Balance sheet

ώ Income statement

ώ Changes in equity

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ώ Cash flow statement

ώ Notes to the financial statement

 Segment disclosures

 Earning Per Shares

 Other Disclosure

ώ Effects of changes in foreign exchange rates

ώ Related party disclosures

ώ Events after the balance sheet date

ώ Fundamental errors and changes in accounting

policies

ώ Discounting operations

ώ hyperinflation

 Interim Financial reporting

 Accounting and Reporting by retirement benefit plans

 Accounting for Assets

 Inventories

 Tangible Assets

 Investment Property

 Impairment of Assets

Assessment: Mid Semester Test

 Accounting for Liabilities

 Income taxes

 Employee benefits

 Leases

 Provisions, contingent liabilities and contingent asset

 Accounting for Revenue and Expenses

 Revenue

 Construction Contracts

 Accounting for Government grants and Disclosure of

government assistance.

 Borrowing costs.

 Financial Instruments

 Recognition and measurement

 Disclosure and presentation

 Behavioural Analysis, Quality Control, and Statements of

Financial Accounting Standards

 The Evolving Nature of Financial Statements and

Reporting Requirements

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 Disclosure Rules by the Financial Accounting Standards

Board

 FASB Statements of Financial Accounting Standards and

Derivative Financial Instruments

 Corporate groups

 Business Combinations

 Consolidated Financial statement and accounting for

investment in subsidiaries

 Accounting for investments in associates

 Financial reporting of interests in join ventures

 Course reviews

Assessment: Final Examination

Prerequisites: BAC 4111 Fundamentals of Accounting

BAC 4211 Intermediate Financial

Accounting I

Recommended Text: Reliable Financial Reporting and Internal

Control: A Global Implementation Guide, by

Dimitris N. Chorafas, John Wiley & Sons, ISBN

0471382612, 1st edition (May 15, 2000)

Guidelines for Financial Reporting Standards

(New Works in Accounting History), by David

Solomons, Desmond Wright, Garland Publication,

ISBN 0815330138, Reprint edition (October 1997)

Statements of Financial Accounting Concepts,

2000/2001 Edition: Accounting Standards as

of June 1, 2000, by FASB, Timothy S. Lucas

(Introduction), John Wiley & Sons, ASIN

047138996X, 2 edition (August 14, 2000)

International Accounting Standards

Explained: The International Accounting

Standards Committee, John Wiley & Sons, ISBN

0471720372, 1 edition (November 30, 2000)

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Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4314

Course Title: Application of Quantitative Methods in Business

Course Rating: 3

Instructor: Mr. David Brown

Course Description

This course examines the techniques of quantitative analysis in all kinds of

organizational decision-making situations and cover extensively the quantitative

analysis/management showing how each technique works, discussing the

assumptions and limitations of the models, and illustrating the real-world

usefulness of each technique with many applications in both profit-making and

nonprofit organizations.

We explore all types of techniques that apply in the quantitative analysis in

different kinds of organizational decision-making situations, such as decision

theory, decision trees with utility theory, forecasting, inventory control models,

linear programming models, linear programming: the simplex method,

transportation and assignment models, waiting lines and queuing theory models.

The course examines core business needs and adapts business situations to

identify critical methods and concepts most needed by students in each major

business area. Furthermore, we explore all quantitative techniques that are

capable of solving business problems and establish a lifelong link between data

analysis and business decision making.

Course Objectives

The objective of this course is in providing students with the fundamental

knowledge and tools of quantitative approach to business application and

assisting them in applying these techniques to all kinds of organizational

decision-making situations.

132

Another objective is to assist students to adopt quantitative techniques to solve

business problems and establish a lifelong link between data analysis and

business decision making.

To provide students with the basic skills in identifying approaches and problem

statements as they relate to mathematical and statistical models for reasoning

and business modeling techniques.

Course Goals

Students are expected at the end of this course to be able to:

ώ Demonstrate the ability to use appropriate quantitative techniques

towards solving any problems in a variety of business areas such as

marketing, economics, finance, accounting and management.

ώ Understand the broad business quantitative techniques and establish a

lifelong link between data analysis and business decision making.

ώ Understand and apply the necessary techniques for analyzing business

situations, forecasting trend and business operational scheduling.

Course Content

 Introduction to Quantitative Analysis

 Algebra and Graphical Methods and Applications in Business

 Statistical Analysis for Steady-State Parameters

 Introduction, New Terms, and Competency Objectives

 Refresher on Essential Concepts of Algebra

 Introduction to Functions and the Slope

 Equation of a Straight Line

 Units, Scaling, and Precision

 Domain and Range Constraints

 Exponential and Logarithmic Functions

 Simple and Compound Interest

 Decision Trees and Utility Theory

 Modeling and Optimization

 Introduction to Analysis and Model Building

 Introduction to Linear Programming

 Solution of Linear Programming Problems

 Special Topics in Mathematical Programming

 Useful concepts in univariate time series analysis

 Autoregressive moving average models

 Autocorrelation and identification

 Estimation and diagnostic measures

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 Model selection

 Forecasting

 Decision Analysis

 Introduction to Probability

 Decision Making under Uncertainty

 Decision and Risk Analysis

Assessment: Mid Semester Test.

 Seasonality

 Typical features of seasonal time series

 Seasonal unit roots

 Periodic models

 Fundamentals of Decision Theory Models

 Trends

 Modeling trends

 Testing for unit roots

 Testing for stationarity

 Linear Programming Models: Graphical and Computer Methods

 Aberrant observations

 Modeling aberrant observations

 Testing for aberrant observations

 Irregular data and unit roots

 Linear Programming Modeling Applications: With Computer

Analyses in Excel Application Areas

 Inventory Control and Management

 Queuing Theory: Congestion in Processing Systems

 Simulation

 PERT: Program Evaluation and Review Technique

 Transportation and Assignment Models

 Multivariate time series

 Representations

 Empirical model building

 Use of VAR models

 Conditional heteroskedasticity

 Models for conditional heteroskedasticity

 Specification and forecasting

 Various extensions

 Course Reviews

Assessment: Final Examination.

Prerequisites: BBA 4212 Introduction to Business

Statistics

BMS 4225 Operations Research

134

Recommended Texts: Quantitative Analysis For Management, by

Charles P. Bonimi, Warren H. Hausman, Harold

Bierman, McGraw-Hill Higher Education, ISBN

0256140219, 9th edition (January 30, 1997)

Quantitative Analysis for Management, by

Barry Render, Ralph M. Stair, Allyn & Bacon, ISBN

0130179000, 7th Bk&Dk edition (August 1999)

Fundamentals of Quantitative Business

Methods Business Tools and Cases in

Mathematics, Descriptive Statistics, and

Probability, McGraw Hill University Division,

ISBN 0072368241, 2nd edition (August 9, 1999)

Quantitative Methods in Management, by

Leslie Jarvis, University Press of America, ISBN

0761804412, (August 1, 1996)

Time Series Models for Business and

Economic Forecasting, by Philip Hans Franses,

Cambridge University Press (Paper Text), ISBN

0521586410, (November 1998)

Recommended Journal: International Journal of Mathematics and

Mathematical Sciences, Volume 25 (2001)

Hindawi Publishing Corporation, 2001

135

Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4315

Course Title: Applied Macro-Economics

Course Credit: 3

Instructor: Mr. Kevin Higgins, M.Sc.

Course Description

This course builds on the micro economic issues discussed in the second

semester and advances towards the macro economic issues and the overall

economy, establishing macro economic concepts, meaning and scope, and their

impact on the economy.

The short-run macroeconomics in respect of fiscal policies, exchange rate

regimes’ policies and stabilization measures as they impact the economic

situations will be explored and critically discussed for students’ full

understanding showing the source of fluctuations and any adverse or

recessionary trend.

In this course, we examine the market environment and consider the regulation

policies, seeing the impacts of control measures and reform policies adopted.

Basically, issues such as the nature of market controls, reform policies, and the

level of competition would be examined rationalizing the best significant

approaches to economic stability and growth.

Additionally, the course focuses on the national income and expenditure patterns

and the multiplier effects on the economy, considering specifically the capital and

saving indexes, the money supply level, interest rate level and its impact, the

government fiscal policies, the purchasing power parity, budgetary balances, the

136

GNP and per capita income, noting the national debt issues and the impact of

national debt on the economy.

Course Objectives

One of the objectives of this course is to sharpen the students’ economic thinking

of the economy and its development, considering the overbearing political

considerations in the formulation of policies and implementation processes.

This course is intended to produce economic analysts capable of formulating

economic polices toward sustained economic development in the short- and long-

run.

We also intend to produce quality minds that would implement policies that

allow for income redistribution for overall benefit of the populace.

Course Goals

At the end of this course, students are expected to have developed sound

economic thinking and be able to:

ώ Understand and analyze the economic situation of the

economy regarding government economic policies, and their

impact.

ώ Make short and long run economic decisions regarding their

firm’s activities considering and using the economic indexes

generated from the economy, to better position the

organization in an advantage point to seize upcoming

opportunities.

ώ Understand the market condition their firm is operating,

making sound and appropriate decisions regarding the fiscal

policies, noting when changes are needed in their financial

policies, and rationalizing the need for liberal policies if

necessary.

ώ Forecast the direction of the economy, its growth and its

impact on the organization, reflecting and getting ready for

further investment or divestment.

Course Contents:

 Introduction to the Macro-economic Issues.

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Understanding the Macro-economic concept.

The science of macroeconomics.

The data of macroeconomics.

The Scope of Development Macro-economic.

 Macroeconomics relationship and the market structures.

 Aggregate Accounts, Production, and Market structures.

 The Behavioural Functions.

 The Short-Run Macroeconomics Fluctuations.

 Sources of Macroeconomics fluctuations.

 Fiscal Deficits, Public Solvency, and the Macro-economy.

 Financial Markets, Capital Mobility, and the Monetary

Policy.

 Exchange Rate Regimes.

 Exchange Rate Management.

ώ Contractionary Devaluation.

ώ Real Exchange Rate Rules.

 Stabilization and the Labour Markets.

 Short-Run Economics Fluctuations.

 Aggregate Demand and Aggregate Supply.

 The influence of monetary and fiscal policy on aggregate

demand.

 The short-run trade-off between inflation and

unemployment.

 Stabilization: Theory, Evidence, and Empirical Models.

 An Overview of Stabilization Programs.

 Inflation and Short-Run Dynamics.

 Analytical Issues in Dis-inflation Programs.

 Empirical Models of Stabilization.

 External Debt, Capital Flows, and Currency Crises.

 The Debt Crises of the 1980s.

 Capital Inflows.

ώ Macroeconomics Effects.

ώ Policy Responses.

 Speculative Attacks and Exchange-Rate Crises.

 Growth, Structural Reforms, and Political Economy.

 Macroeconomics Policies and The Long-Term Growth.

 Trade, Financial, and Exchange Market Reforms.

ώ Exchange Rate Conversion problems.

 Two Sector Model of the Production Function.

 The Neoclassical Two sector Model.

 Guiding Development: Market versus Controls.

 Market economies.

 Controls Economies.

 Implementing Market reforms.

ώ Stabilization of the macro Economy.

ώ Dismantling Controls.

138

ώ Ensuring competition.

ώ Moving toward scarcity.

ώ Responding to market signals.

 Capital and Saving.

 The Money Supply.

 The Monetarist Rules.

 Monetary Policy and Interest Rates.

 Real versus Nominal Interest Rates.

 The Fiscal Policies.

 The Government Budget.

 Expenditures Policy and the public Savings.

 Tax Policy and Public Savings.

 Taxes, Private Investment Taxes and Private Savings.

 Income distribution Taxation and Equity.

 The Purchasing Power Parity.

 The budgets Deficits and the National Debt.

 Course Review.

Assessment: Final Examination.

Prerequisite: BMS 4213 Micro-Economic Analysis

Recommended Texts: Economics: Principles and Policy, 3

Edition,

by William J. Baumol and Allan S. Blinder, Harcourt

Brace Jovanovich Publishers, 1985

Economics of Development, by Malcolm Gillis,

Dwight H. Perkins, Michael Roemer, Snodgrass,

April 1997.

Recommended Journals: Industrial Employment, Investment

Equipment and Economic Growth by

Harris Dellas, Economic Development and

Cultural Change, forthcoming, 2000.

Money and the Nation State: The

Financial Revolution, Government and

the World Monetary System. Edited with

R. H. Timberlake, Jr., and with a Foreword by

Merton H. Miller. Published by Transaction

Publishers (New Brunswick, NJ) under the

auspices of the Independent University

(Oakland, CA), 1998. 453 pp. Hardback and

paperback

139

Program: Bachelor of Science Degree in Psychology

Course Code: PSY 4318

Course Title: Introduction to Social Psychology

Course Credit: 3

Instructor: Natalia Aguilera, MSc

Course Description

This course is an introduction to social psychology, which looks at the

evolutional, developmental and methodological perspectives of psychology,

including the roots of sociological, social psychology embracing renowned

psychologists, such as Emile Durkheim, Max Weber, the Calvinist, Georg Simmel,

Charles Horton Cooley and William Isaac Thomas. In addition, the course

explores different areas of social psychology in relation to consciousness and

social interaction, the process of socialization, the group phenomena, various

social practices, personality and character formation, the meaning of violence,

collective behavior and social movements in group perspective, emotions and the

social self, interpersonal phenomena and intra-personal phenomena.

Course Objectives

To explain to the students the concepts and views of the various social

psychologists.

To prepare students to understand social psychological concepts of the process of

socialization, language development, group relationship, inter and intra-personal

140

relationships, and the causes of emotional state of violence, hate, love and

affection.

Course Goals

At the end of this course, students will be able to:

ώ Understand the concept, evolution and approach being used by the

discipline in social psychology.

ώ Understand the various social psychology proponents, their views and

how they have impacted the world of social psychology.

ώ Understand the human developmental sequence and personality

development through the different stages of development from

consciousness to social interaction and other inter-personal

relationships.

Course Content

 Introduction to Social Psychology

 Introducing Social Psychology Historically

 Evolutionary Social Psychology

 Developmental Social Psychology

 Methodology in Social Psychology.

 Sociological Social Psychology

 Social psychology perspective

 Basic elements of social phenomena

 Knowing social phenomena

 Deductive & inductive observation

 Symbolic interaction

 The Roots of Sociological Social Psychology

 Emile Durkheim (1859-1917): Search for social existence

 Max Weber (1864-1920)

 The Calvinist experience

 The spirit of capitalism

 Georg Simmel (1858-1918)

 Charles Horton Cooley (1864-1929)

 The looking-glass self

 Self and society

 William Isaac Thomas (1863-1947)

 The social situation

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 George Herbert Mead (1863-1931)

 Mead and early social psychology

 The emergence of the social self

the I and the Me

 Mead's theory of the social self

 Consciousness and Social Interaction:

 The contributions of Alfred Schutz (1899-1959)

 Human consciousness

 Receiving & encoding information

 Actively manipulating symbols

 Conditions for social interaction

 Reciprocity thinking

 Basic elements of social interaction

 Memories and background knowledge

 Learning how to Interact: The Process of Socialization

Language, Mind and the Self

 Primary socialization

 Learning the meanings of gender $ gender displays

 Secondary socialization: Reference groups

 Interpretations of rules: Action and the reference group

 Extreme cases of secondary socialization

Assessment: Mid Semester Test.

 Knowing Others: Group Phenomena

 The nature of the group

 Groups and their organization

 The primary group & secondary groups

 Properties of rational social forms

 Social conflict

 Social stigma

 Inter-group relations

 Social justice and social movements

 Talk as Social Practice

 The things people do with language

 Motive talk & forms of talking

 Varieties of talking as identity markers

 How forms interact with identity

 The Meanings of Being Different

 Societal meanings of deviance

 General and specific contexts of deviance

 The police and the deviant

 The organization of deviance: The worlds of outsiders

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 Physical deviant & mental deviant & moral deviant

 Consciousness of being different

 Passive deviant & active deviant

 Counter-stigmatization

 Coping with a spoiled self-image

 The Meanings of Violence

 Definitions of aggression & situations of violence

 Collective Behavior and Social Movements

 Crowds, angry crowds & joyful crowds

 Mass Collective Behavior

 Mass Fear, Mass Hostility & Mass Joy

 Fashions and Fads

 Bewilderment, Suffering, Good and Evil

 Justice and social Connectedness

 Emotions and the Social Self

 Sentiments in Social Context

 Routine Feelings & Adaptations to Boredom

 Being Cool and Being Erotic

 Adaptations to Modern Existence

 Sarcasm

 The Development of the Emotional Self

 Interpersonal Phenomena

 Nonverbal communication

 Language and social behavior

 Ordinary personology

 Social influence: Social norms, Conformity and

compliance

 Attraction and close relationships

 Altruism and pro-social behavior

 Aggression and anti-social behavior

 Stereotyping, prejudice and discrimination

 Intra-personal phenomena: Attitude Structure and Function

 Attitude change: Multiple roles for persuasion

 Variables mental representation and memory

 Control and automaticity in social life

 Motivation and emotions

 Course Reviews

Assessment: Final Examination

Prerequisites: None

Recommended Texts: The Handbook of Social Psychology (2-

Volume Set), by Daniel T. Gilbert (Editor), Susan T.

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Fiske (Editor), Gardner Lindzey, Oxford University

Press, ISBN 0195213769, 4th edition (February 1998)

Introduction to Social Psychology: A

European Perspective, by Miles Hewstone

(Editor), Wolfgang Stroebe (Editor), Blackwell

Publishers, ISBN 0631204377, 3rd Rev edition

(February 2001)

The Meanings of Social Interaction: An

Introduction to Social Psychology, by Jeffrey E.

Nash, James M. Calonico, General Hall, ISBN

1882289293, (January 1, 1996)

Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4326

Course Title: Business Policy and Strategy

Course Credit: 3

Instructor: Dr. Bridgette Rolle

Course Description

This course is designed to give students the business understanding of strategic

operational capabilities, and the planning and implementing of business

decisions to achieve desired and consistent results.

We determine the competitors’ strategy by monitoring activities and product

innovation, pattern of business operation, and the market information regarding

price, market share and coverage.

This course is a design of alternative counter strategies for the local and

international business environments that is restrictive and forms a blind alley,

making it extremely difficult for duplications of strategies by competitors.

The importance of Business Policy and Strategy has just surged to the forefront of

the business world as a result of internationalization of business, deregulation,

mergers, acquisitions, strategic alliances, and international joint ventures,

coupled with a new emphasis on shareholders’ value, contribute to the feeling of

uncertainty in the global marketplace. Hence, this course explores in detail

issues in business policy and strategy.

Course Objectives

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This course is designed to broaden students’ knowledge in business policies and

strategies in the business and e-commerce environment, as well as to give them

strategies for the global marketplace.

To provide students with an analysis of how basic functions such as marketing,

finance, production, operations, research and development, and human

resources are coordinated to develop business policies.

To demonstrate the strategic processes of management strategic decision making,

and its interface with the environment

Course Goals:

At the end of the course, students should have possessed adequate skills to enable

them to:

ώ Develop basic and cutting edge strategies that would carry the business

units beyond the reach of competitors, ensuring industry leadership

position.

ώ Occupy outstanding positions in the corporate structures that challenge

the need to understand and forecast competitors’ moves and planning, and

formulate policies to keep the organization well ahead of the competition.

ώ Provide to the organization basic and alternative policies in strategy

formulation and an efficient tool for strategy development that blends with

the practical reality of the corporate industry and management situations.

ώ Have improved understanding of the strategic management decision-

making processes, interface with environmental change, and be able to

formulate strategic alternatives, executive decision making, and built-in

synergy.

ώ Explain the conceptual skills necessary to achieve positions in top echelon

management; and demonstrate the ability to analyze and evaluate issues

that affect corporate strategic planning, while creating an effective

decision making model.

Course Contents:

 Introduction to the concept Business Policy and Strategy.

 Business Failure and Business Success.

 Why business fails.

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 Managing business for success.

 The environment of business.

 The role and responsibilities of business in the society

 Monitoring and forecasting business environment in

society.

 Opportunities and threats.

 The Fields of Action in the Business systems.

 The Systems Concepts.

 The general management perspective.

 Organization- the structure of t he systems.

 Non-Traditional organizational structures.

 Evaluation of the board of directors.

 Decision making and executive action.

 Strategic management.

 Business strategy formulation.

 Strategic Planning.

 Vision and Mission.

 Industry Analysis.

 The Struggle for Survival and Prosperity.

 Functional Area-Marketing.

 Marketing Strategy: Basis for Policy.

 Policy Analysis and Options.

 The Marketing Mix and Marketing Pitfalls.

 Functional Areas- Accounting and Financing.

 Functional Area – Production.

 Functional Area – Engineering and R & D.

 The Role of Engineering Research.

 Basic steps in the Design Process.

 Major Systems Analysis.

 Functional Area – Human Resources

 Changing Environment.

 Most Problems associated to human resources.

 Checklist for Analysis.

Assessment: Mid Semester Test.

 Management Information Systems.

 Intellectual Capital and Knowledge management.

 Knowledge Management Process.

 Hardware and Software.

 Internet, Intranets, and Extranets.

 Reasoning and Decisions.

 Converging Technologies and the Management

Challenge.

 The Nature of Competitive Advantage.

 External Analysis.

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ώ The Identification of Industries opportunities

and Threat.

 Internal Analysis.

ώ Resources.

ώ Capabilities.

ώ Competitive Advantage.

 Identifying a competitor’s strategy

 Strategies.

 Building competitive Strategies through functional areas

of business.

 Business level strategies.

 Competitive Strategy and the industry environment.

 Strategy in the Global Environment.

ώ Corporate Strategy.

ώ Vertical Integration.

ώ Diversification.

ώ Strategic Alliances.

ώ Corporate Development.

ώ Restructuring the organization.

 Designing competitor intelligence systems

 Strategies for the global marketplace

 Analyzing Global Business.

 Global Business Opportunities.

 Approaches to Global Business.

 Barriers to Global Business.

 Global Business and the Currency Markets.

 Global Business Strategy.

 Total strategy for E-Commerce

 Implementation of Strategy.

 Designing organizational Structures.

 Designing Strategic Controls Systems.

 Matching Structures and Control Strategy.

 Implementing Strategic Change.

 Customer value analysis

 Zero-in customer and computer orientation.

 Course Reviews.

Assessment: Final Examination.

Prerequisites: BMS 4226 Managerial Decision-Making.

Recommended Texts: E-patent Strategies for Software, e-

commerce, the InternetServices, Financial

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Services, and Business Methods (With Case

studies and forecasts), by Stephen C. Glazier.

Business Policy and Strategy: An Action

Guide, by Murdick Robert G, Moor Carl R, St Lucia

Press, ISBN 1574442775, August 2000.

Strategic Management: An Integrated

Approach, by Charles W. L. Hill, Gareth R.

Jones, ISBN 1034279441, January 1995.

Recommended Journal: Journal of Business Strategy, Faulkner &

Gray Eleven Penn Plaza, New York, NY 10001

Program: Bachelor of Science Degree in Accounting

Course Code: LAN 4328

Course Title: Business Spanish

Course Credit: 3

Instructor: Ms. Liana Somoza Perez, M.Sc.

Course Goals:

In the long term, the student must have attained sufficient competencies in the

target language to pursue a conversation with a native/non-native speaker during

the course of which basic comprehension is effected.

This course will also train students to communicate with individuals in the

business community as well as teach them how to write memos, letters, reports

and other documents in Spanish.

Course Objectives:

• At least an intermediate level with regard to the nature of speech in the target

language.

• It is geared toward developmental progression of competency in the

components of speaking, listening, reading and writing.

• Communication will be focused on an attempt to equip the students with a

view to handling himself/herself with life skills on relevant everyday

situational topics.

Such topics may include:

i) Personal information

ii) Travel and holidays

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iii) Shopping

• Food and drink

• Memo and Letter Writing

• Pronunciation mastery will be enhanced through tapes.

• To utilize availability of Internet related programming for motivational and

improvement purposes.

• To promote language acquisition through the ‘affective filter’ syndrome,

focusing on:

a) A comfortable classroom environment

b) Pair/group work where the student can feel at ease as he/she

attempts to grasp the concepts of the target language

• To remember first and foremost that language is communication; hence

strategies will include the use of dialogues, role-plays, dramatization, song,

dance and visiting lecturers to effect automacity and confidence.

Course Content:

Session 1 Overview of the course and stressing that this is a

manageable enterprise at the end of which their confidence

regarding the target language will increase self-esteem and a sense

of accomplishment.

Chapter 1

Session 2 The first day of classes - Introductory phrases -

courtesy phrases - phrases for hello and goodbye. The polite and

familiar difference, which is an integral part of language use.

Chapter 3

Session 3 TRAVEL - THE TOURISM OFFICE

Encouraging vocabulary acquisition and retention.

Session 4 TRAVEL - THE HOTEL

Students may use dialogues from the text but they have to be

encouraged to be creative and construct their own and use for class

presentations.

Session 5 More on TRAVEL

At this stage students should be experiencing the minimum or non-

existence of pronunciation challenges.

Chapters 6 & 7

Session 6 MID TERM QUIZ

Session 7 EVERYDAY LIFE

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En la peluqueria y en la barbena - In the hairdressers and at the

barbers. Students can and will be encouraged to relate to these

situational areas. The importance of interpersonal quizzes and

reinforcement.

ASSIGNMENT: Research two more areas that people visit on a

regular basis.

Chapter 9

Session 8 Presentation by way of dialogue and dramatisation of

two more places where people go and how they interact. Memo

and letter writing.

ASSESSMENT: Less emphasis will be placed on accuracy than on

content and interest.

Session 9 SHOPPING

A good opportunity to encourage interest by way of bringing in and

making use of ‘realia’ - real things, dress/shirt/shoes – practical,

relevant phrases for shopping in the target language.

Session 10 Vocabulary re - entry: How much have students

retained?

Session 11 Returning to the topic on SHOPPING but with the

focal point being food. For impetus various types of food may be

discussed – Spanish, American, Bahamian, Caribbean.

The time different meals are eaten in various parts of the world. As

an assignment students will be encouraged to ‘fix’ a meal and bring

it in for the final session

Chapter 14

Session 12 FINAL EXAMINATION - Buen provecho (Have a

good meal)

Prerequisite: GSD 4111 Use of English.

Recommended Textbook: Spanish for Communication by Jarvis

and Sebredo

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Program: Bachelor of Science Degree in Accounting

Course Code: BMS 4328

Course Title: Introduction to Organizational Behaviour

Course Credit: 3

Instructor: Dr. Bridgette Rolle

Course Description

This introductory course explores the theories and practices of organizational

behaviour to students and looks particularly at the individual and the

organisation as the objects interacting that which define the behaviour of the

settings.

The organisation behaviour is associated to and directly related to the motivation

of the workforce. We examine the different motivational theories and the impact

of these motivational tools from the perspective of the individual to that of the

organisation. Among theories are Alderfer’s Erg, Maslow’s, theory X and Y.

The course at this point considers the concept of leadership with the organisation

and its impact and explores the theories of leadership, pointing out

organizational behavioural patterns based on the leadership style adopted. Other

leadership issues such as the situational approaches and trait leadership would

be taught.

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The recognition of group dynamism in the organisation cannot be overlooked.

Hence, we will focus on the foundation of group behaviour; teamwork,

communication patterns and the chain of command pattern, to enable students

to have a better view of the interaction processes.

Course Objectives

This course is designed to develop the broad conception of the organisation’s

mechanism, which encompasses the Human Resources, Organisation Structure

and Organisation Systems and Subsystems.

To focus on the dynamism of interpersonal relationships, employee’s personal

goals and objectives and the organisation goals and objectives as they are. It is

the Organizational Behaviour Specialist’s duties to harmonise these different

goals and objectives.

Course Goals

Our goals at the end of this course are that students would be able to:

ώ Understand and adapt the various organizational behaviour

theories towards a better working of the system.

ώ Adopt the flexibility and dynamism in the leadership of the

organisation to encourage employees’ full development of their

potentials.

ώ Understand the dynamism in individual and interpersonal

relationships in an organisation

ώ Appreciate the need for employee motivation, and the different

motivational theories, eventually selecting sound motivational

tools, which best enhance employee’s desires.

Course Contents:

 Introduction to Organizational Behaviour.

 Introduction to theories and practices in Organisation

Behaviour.

 Organisation as a source of Competitive Advantage.

 Foundations of Individual Behaviour.

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 Personality and Emotions.

 Basic Motivation Concepts.

 Motivations: From concepts to Applications.

 Individual Decision-Making.

 Organisation as a social Systems.

 The Changing face of an Organisation.

 Directing, Changing and Controlling Behaviour.

 Motivation and Behaviour.

 Theories of Behaviour.

 Goal Oriented Behaviour.

 Motives and Goals: From individual perspectives and

Organisation perspectives.

 Changes in Motives strength.

 Expectant Theory.

 Personality Theory.

 Hierarchy of Needs

ώ Alderfer’s Erg Theory.

ώ Maslow’s Theory of Needs.

ώ The Theory X and Theory Y.

ώ The Hawthorne Studies.

 Self-concept and perception.

 Leadership.

 The definition of the term Leadership.

 Views of the School of Organizational Theory.

 The Scientific Management Movement views.

 The Human Relations Movement Views.

 The trait approach to Leadership.

 Group dynamics studies.

 Rensis Likert’s Management Systems.

 The Leadership Grid.

 Situational Approaches to Leadership

 Fiedlers Contingency Approaches.

 House-Mitchell Path-Goal Theory.

 Stinson-Johnson Model.

 Hersey-Blanchard Tridimensional Leader.

Assessment: Mid Semester Test.

 The Group Dynamism in the Organisation.

 Foundations of Group Behaviour.

 Understanding Teams Work.

 Communication.

 Power and Politics.

 Conflicts and Negotiation.

 Management Organizational Environment.

 Environmental Variables.

 Leadership styles and Expectations.

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 Followers Styles and Expectations.

 Supervisors Styles and Expectations.

 Organizational Styles and Expectation.

 Changing Expectations and Changing Styles.

 Developing the Human Resources.

 Increasing Effectiveness.

 Breaking the Ineffective Cycle.

 Determining Readiness.

 Changing Readiness through Behaviour Modification.

 Positive Reinforcement.

 Individualising Reinforcement.

 Constructive Discipline.

 Punishment and Negative Reinforcement.

 Developing Effective Relationship within the Organisation.

 Leadership Style.

 Style Adaptability.

 Feedback Channels.

 Maximising Staff Management.

 Determining Leadership Style of a Manager.

 Chain of command and Organisation Structure.

 The Organisation Systems.

 Foundations of Organisation System.

 Technology and Work Design.

 Performance Appraisal and Reward Systems.

 Organizational Culture.

 Organizational Change and Development.

 Course review.

Assessment: Final Examination.

Prerequisites: BMS 4226 Managerial Decision-Making

Recommended Texts: Essentials of Organizational Behaviour, by

Stephen P. Robbins, May 1999

Management of Organizational Behaviour:

Utilising Human Resources, by Paul Hersey,

Kenneth H. Blanchard, Dewey E. Johnson, April

1996.

Essentials of Managing Organizational

Behaviour, by Jennifer M. George, Gareth R. Jones,

Prentice Hall University Division, ISBN 0201615487,

1st edition (October 29, 1999)

Organizational Behaviour: The Essentials, by

Debra L. Nelson, James Campbell Quick, south-

western University Publishing, ISBN 0314064362,

1st edition (September 22, 1995)

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Recommended Journals: Organizational Behaviour and Human

Decision Processes, A Journal of

Fundamental Research and Theory in Applied

Psychology, ISSN 0749-5978, Published

bimonthly by Academic Press

Journal of Organizational Behaviour,

Published by Wiley, ISSN: 0894-3796,

University of Saskatchewan Libraries

Journal of Organizational Behaviour,

by The International Journal of Industrial,

Occupational and Organizational Psychology

and Behaviour, ISSN: 0894-3796

Program: Bachelor of Science Degree in Accounting

Course Code: DCR 4323

Course Title: Consumer Behaviour

Course Credit: 3

Instructor: Mr. Samuel Wilkinson, MBA

Course Description

This course attempts to look at the underlying consumer behaviour, which is an

essential aspect and contributing factor towards understanding the marketplace

behaviour and guides marketing planning efforts to precise and result oriented.

This course studies the consumer from different perspectives in order to see the

unified whole of the consumers and be able to understand them. We look at the

consumer as individuals with their unique motivational factors, personality,

social and cultural settings, group and peer influences, the cross and sub-cultural

influences, and their level of income and education (social stratification), and

other demographic issues.

The study explores the processes which the typical consumer goes through in

making their buying decision, and dissect the decision making process in terns of

the influences, preferences, available alternatives, and their criteria for evaluating

and selecting any goods and services.

We additionally consider organization and industrial consumers as buyers and

analyze the industry buying and marketing behaviour.

Course Objectives

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This course is designed to provide students with technical skills and knowledge in

making concise consumer analysis, which would enable them to understand the

market situation as well as to develop effective marketing strategies to achieve

the overall objectives of the eCRM in creating sustainable customer loyalty.

To assist students to better understand the impact of the organization marketing

strategy effects on the consumer, as feedback, which could lead to fine-tuning of

more appropriate strategies.

Course Goals

At the end of this course, students are expected to have acquired strong consumer

behavior knowledge and, therefore, be able to:

ώ Understand consumer influencing factors, and be able to advise

management of the nature and type of products and services

innovation that would better satisfy consumers.

ώ Formulate appropriate marketing strategies that are consumer

oriented and centred, having considered all the behavioural

perspectives of the consumers.

ώ Integrate the consumer behaviour course into Data Mining/e-CRM

program by generating suitable information through the data mining

processes that are vital and crucial to the measuring and analysis of the

consumer behaviour, and can lead to formation of accurate consumer

behaviour patterns for management marketing use.

Course Contents:

 Introduction to Consumer Behaviour.

▷ Introduction to the Diversity in the Marketplace.

▷ Consumer Behaviour and Marketing Strategy

▷ Consumer Research.

▷ Market Segmentation.

 Consumer Behavior and managerial perspective.

▷ Consumer rights and social responsibilities.

 The Consumer as an Individual.

▷ Consumer Motivations.

▷ Personality and Consumer Behaviour.

▷ Learning, Memory, and Product Positioning

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▷ Motivation, Personality, and Emotion

▷ Consumer Perception.

▷ Consumer Learning.

▷ Self-Concept and Lifestyle

▷ Consumer Attitude Formation and Change.

▷ Communication and Consumer Behaviour.

 Consumers in their Social and Cultural Settings.

▷ Reference Groups and Family Influences.

▷ Social Class and Consumer Behaviour.

▷ The Influence of Culture on Consumer Behaviour.

▷ Subcultures and Consumer Behaviour.

▷ Cross-Cultural Consumer Behaviour: An International

Perspective.

 Price Testing.

 Brand Positioning.

Assessment: Mid Semester Test.

 The Consumer’s Decision Making Process.

▷ Information Search

▷ Alternative Evaluation and Selection

▷ Outlet Selection and Purchase

▷ Postpurchase Processes, Customer Satisfaction, and

Customer Commitment.

▷ Consumer Influence and the Diffusion of Innovations.

▷ Situational Influences

▷ Consumer Decision Process and Problem Recognition

▷ Consumer Decision Making.

▷ Consumer learning habit, and brand loyalty.

 The individual consumer: Cognitive and experimental processes.

 Consumer Behaviour External Influences.

▷ Cross-Cultural Variations in Consumer Behaviour.

▷ The Changing Society: Values and Gender Roles.

▷ The Changing Society: Demographics and Social

Stratification.

▷ Group Communications and the Diffusion of

Innovations

 Organizational Buyer Behaviour

 Consumer Behaviour and Marketing Regulation

▷ Marketing Regulation and Consumer Behaviour

 Marketing Strategies and Ethical Responsibilities.

▷ Retailing

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▷ Diffusion of Innovations.

▷ Consumerism and Ethical responsibilities.

 Market Segmentation and Demographic Analysis.

 Course Review.

Assessment: Final Examination.

Prerequisites: BEC 4121 Principles of Marketing

Recommended Texts: Consumer Behavior, by Leon G. Schiffman, Leslie

Lazar Kanuk, Prentice Hall, ISBN 0130841293, 7

Edition, July 1999

Consumer Behavior and Marketing Strategy:

J. Paul Peter, Jerry C. Olson (Irwin/McGraw-

Hill Series in Marketing), by J. Paul Peter, Jerry

C. Olson, Richard D. Irwin, ISBN 0256261903,

August 1998.

Consumer Behavior: Concepts and

Applications (McGraw-Hill Series in

Marketing), by David L. Loudon, Albert J. Della

Bitta, McGraw Hill University Div, ISBN

0070387672, February 1993.

Consumer Behavior (The Dryden Press Series

in Marketing), by James F. Engel, Roger D.

Blackwell, Paul W. Miniard, Dryden Press, ISBN

0030984645, 8

Edition.November 1997.

Recommended Journals: Journal of Consumer Marketing, ISSN:

0736- 3761

Consumer Behavior, A Consumer Behavior

Journal, by John Michael Weber, Eastern New

Mexico University, 1997 South-Western

University Publishing.

"Consumer segmentation in China:

Identifying differential patterns in

consumption preferences using self-

organizing maps," by Schmitt, B.H. and G.

Deboeck, (1998), in Guido Deboeck and Teuvo

Kohonen, (ed.),Visual Explorations in Finance

Using Self-Organizing Maps, New York:

Springer Verlag.

"Sex typing and consumer behavior: A

test of gender schema theory," by

Schmitt, B.H., F. Leclerc and L. Dubé-Rioux,

158

(1988), Journal of Consumer Research, 15,

122-128.

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4324

Course Title: Advanced Auditing

Course Credits: 3

Instructor: Dr. Richard Demeritte

Course Description

This course explores the application of complex accounting principles in an audit

environment. It uses authoritative literature for research, case studies, and

addresses applications of changes in accounting principles, balancing client

service with ethics/independence, and applying professional judgment to

complex auditing and financial reporting issues. It explains control exposure in

systems, operational and program audits and computer applications are

integrated into this course.

The course also provides a carefully balanced presentation of auditing theory and

practice and proactively monitors the changes in auditing and clearly presents

concepts, making the relationship between auditing and accounting truly

understandable.

Course Objectives

To enhance the students' understanding of the fundamental concepts of auditing

discipline.

To discuss and analyze problematic situations that auditors have dealt with in the

past to obtain a better understanding of how to cope constructively with such

scenarios in the future.

159

To increase students' awareness of the key ethical issues that audit practitioners

presently face.

Course Goals

At the end of this course, students would be able to:

ώ Become familiar with services provided by CPAs beyond the traditional

auditor's report on a client's GAAP financial statements. With the

market for traditional audit services becoming relatively flat, these

other services are relatively more important to firms as they deal with a

recessionary economy.

ώ Understand the role of statistical and non-statistical sampling in

auditing; to become familiar with the sampling models used most

commonly in auditing practice.

ώ Develop an understanding and appreciation of the major factors

involved in developing a comprehensive audit plan for a major client.

ώ Understand the role of the certified fraud examiner and the role of the

CPA in the detection of fraud. Become familiar with the warning signs

of both management fraud, employee fraud and the steps involved in a

fraud investigation.

ώ Become familiar with and develop skills to draw conclusions about the

following "gray" areas of auditing and accounting: Going concern

issues; Opinion - qualification or adverse?; Opinion - unqualified or

qualified?; to disclose or no to disclose? How much?; Materiality - to

adjust the financial statements or not?

ώ Understand the high ethical and professional standards that a CPA must

follow and research any questionable acts, investment activity and or

practices which may come to the attention of the auditor for

compliance with the Code of Professional Conduct.

ώ Demonstrate the ability to research auditing and accounting issues and

respond to current developments and changes in the accounting and

auditing profession due to legislation, new pronouncements by

regulatory and standard-setting bodies and forces of current events in

the business world.

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Course Contents

 The Audit Process

 Why are the auditors needed?

 The concepts of auditing (overview)

 Auditor independence

 Overview of the audit expectations gap

 The Auditing Environment

 Auditing and the Public Accounting Profession.

 Financial statement audits and auditor's responsibilities.

 Professional ethics.

 Audit regulation.

 Auditor's legal liability.

 Auditing Planning.

 Overview of the audit process.

 Audit evidence,

 Audit objectives,

 Designing the audit programs

 Working papers.

 Accepting the engagement and planning the audit.

 Materiality, risk, and preliminary audit strategies.

 Understanding internal control.

 Internal Control

 Audit Testing Methodology.

 Assessing control risk/tests of controls.

 Detection risk and the design of substantive tests.

 Audit sampling in tests of controls.

 Audit sampling in substantive tests.

 Auditing the Transaction Cycles.

 Auditing the revenue cycle.

 Auditing the expenditure cycle.

 Auditing the production and personnel services cycles.

 Auditing the investing and financing cycles.

 Auditing investments and cash balances.

Assessment: Mid Semester Test

 Audit Working Papers: Examination of the General Records

 Cash and Marketable Securities

 Accounts Receivable, Notes Receivable, and Sales Transactions

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 Inventories and Cost of Goods Sold

 Property, Plant, and Equipment: Depreciation and Depletion

 Accounts Payable and Other Liabilities

 Debt and Equity Capital; Loss Contingencies

 Completing the Audit, Reporting, and Other Services.

 Completing the audit/postaudit responsibilities.

 Reporting on audited financial statements.

 Other services and reports.

 Assurance services.

 Internal, operational, and governmental auditing.

 Other Attestation and Accounting Services

 Internal, Operational, and Compliance Auditing

 Course reviews

Assessment: Final Examination.

Prerequisites: BAC 4212 Introduction to Auditing

Recommended Text: Modern Auditing, by William C. Boynton, Raymond

N. Johnson, Walter G. Kell, Ray Johnson, John Wiley &

Sons, ISBN 047118909X, 7th edition (December 2000)

Principles of Auditing, by O. Ray Whittington, Kurt

Pany, Ray Whittington, Richard d Irwin, ASIN

0256167796, 12th edition (August 15, 1997)

Auditing: Text & Cases (Ab Accounting

Principles), by W. Robert Knechel, W. Robert Knechel,

South-Western Publication, ISBN 0538819340,

(December 1997)

The Audit Process: Principles, Practice and

Cases, by Iain Gray, Stuart Manson, Iain G. Sheffield,

International Thomson Business Press, ISBN

1861520107, 2nd edition (November 25, 1999)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4411

Course Title: Advanced Financial Accounting

Course Credits: 3

Instructor: Dr. Ngozi Iroegbulem

Course Description

This course primarily focuses on accounting for business combinations, both at

acquisition and subsequent to acquisition. The Financial Accounting Standards

Board (FASB) has recently substantially modified accounting for business

combinations, and the financial statement effects of these modifications at

acquisition and subsequent to acquisition are analyzed.

Preparation of consolidated financial statements, with the required elimination of

inter-company transactions, is also heavily emphasized. Course requirements

include daily homework assignments, cases involving financial statement

analysis, a comprehensive consolidation problem, and an exam. Familiarity with

spreadsheets will allow homework assignments to be completed more efficiently

Course Objectives

The objectives of the course are to enable students to understand, discuss and

account for the issues involved in group structures: why companies organize

themselves into groups, different types of groups: simple and complex structures,

associate companies and mergers.

For students to learn how to prepare and interpret consolidated financial

statements.

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For students to learn how to prepare and interpret the financial statements of

municipalities and not-for-profit organizations.

Course Goals

The primary goal of this course is to help you develop your ability to read and

interpret complex financial statements and understand the underlying system

that produces them. We will study corporate investments, mergers and

acquisitions, segmental reporting, legal reorganizations and liquidations, and

accounting for governmental and not-for-profit organizations. The course is

designed for future managers who will interpret and use financial statement

information in making business decisions. The course also helps one understand

business operations from a manger's perspective.

Course Content

 Corporate Expansion and Accounting for Business

Combinations

 The development of Multi-corporate entities

 Expansion through business combination

 Accounting and reporting alternatives

 Purchase accounting

 Pooling of interests accounting

 Additional considerations – criteria for pooling of

interest

 Reporting Inter-Corporate Investments in Common Stock

 Methods of reporting investments in common stock

 The cost methods

 The equity methods

 The cost and equity method compared

 Evaluation of the cost and equity methods

 Additional consideration relating to the equity method

 The Reporting Entity and Consolidated Financial Statements

 Usefulness of consolidated financial statement

 Limitations of consolidated financial statement

 Subsidiary financial statements

 The consolidated reporting decision: Concepts and

standards

 Overview of the consolidated process

 The consolidated process illustrated

 Non-controlling interest

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 Effect of purchase versus pooling accounting on

consolidation

 Combined financial statement

 Consolidation as of the Date of Acquisition

 Preparation of consolidated balance sheet immediately

following acquisition

 Preparation of consolidated balance sheet immediately

following acquisition of controlling interest

 Consolidation following acquisition

 Overview of the consolidation process

 Consolidation – 100% ownership

 Consolidation – controlling ownership purchased at

book value

 Consolidation – controlling ownership purchased at

more than book value

 Treatment of other comprehensive income

 Discontinuance of consolidation

 Inter-Corporate Transfer: Non-Current Assts

 Overview of the consolidated entity

 Asset transfer involving land

 Asset transfer involving depreciable assets

 Assets transfer involving amortisable assets

 Inter-Company Inventory Transactions

 General overview

 Downstream sale – perpetual inventory systems

 Upstream sale – perpetual inventory systems

 Summary comparison of inter-company inventory

transactions

Assessment: Mid Semester Test

 Addition Consolidation Reporting Issues

 Consolidated statement of cash flows

 Consolidated following pooling interests

 Consolidation following an interim acquisition

 Consolidation income tax issues and earnings per share

 Multi-National Accounting: Foreign Currency Transactions and

Financial Instruments

 The accounting issues

 Foreign currency exchange rate

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 Foreign currency transactions

 Managing international currency risk with foreign

currency forward exchange financial instruments

 Multi-National Accounting: Translation of Foreign Entity

Statement

 Differences in Accounting

 Determining the accounting principles

 Translation versus re-measurement of foreign financial

statements

 Foreign investments and unconsolidated subsidiaries.

 Hedge of a net investment in a foreign subsidiary

 Segment and Interim Reporting

 Reporting for segments

 Segment reporting accounting issues

 Information about operating systems

 The format of interim financial reports

 Reporting standards for interim reports

 Partnership: Formation, Operation, and Changes in

Membership

 Nature of partnership entity

 Accounting for formation & operation of partnership

 Allocating profit or loss to partners

 Partnership financial statements

 Changes in membership

 Partnership Liquidation

 Overview of partnership liquidation

 Lump-sum liquidation

 Instalments liquidation

 Governmental Entities: Introduction and General Fund

Accounting

 History of government accounting

 Definitions and types of funds

 Financial reporting of government entities

 Budgetary aspect of government operations

 Accounting for expenditures

 Inter-fund activities

 Course reviews

Assessment: Final Examination

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Prerequisite: BAC 4313 Intermediate Financial

Accounting II

Recommended texts: Advanced Financial Accounting w/ S&P &

Enron Powerweb package, by Richard E. Baker,

Valdean C. Lembke, Thomas E. King, Richard Baker,

Valdean Lembke, Thomas King, McGraw-Hill/Irwin,

ISBN 0072830395, 5th edition (April 11, 2002)

Advanced Financial Accounting, by Richard

Lewis, David Pendrill, Pearson Education Mexico,

ISBN 0273638335, 6th edition (September 15, 2000)

Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4412

Course Title: Advanced Cost Accounting

Course Credits: 3

Instructor: Mrs. Barbara Holmes, M.Sc.

Course Description

Relevant cost and special decisions; process costing; cost allocation and

responsibility accounting; capital budgeting; decentralization, transfer pricing

and performance measurement; and inventory planning, costing and control.

The course would also explore the advanced treatment of managerial accounting

topics with emphasis on generation communication and use of information to

assist management in performance of the planning and control function.

Information systems design, budgeting variance analysis, and direct costing

concepts are covered.

Course Objectives

The aim of this course is to examine the changing nature of cost management in

organisations, as well as the changing nature of management accounting

practices more generally.

Course Goals

At the end of this course, students would be able to:

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ώ Help professionals develop the ability to apply managerial cost analysis

in decision making.

ώ Understand the nature of contemporary cost management and

management accounting, more generally;

ώ Recognise the potential and limitations of modern management

accounting techniques;

ώ Can relate management accounting practice to its organisational setting;

Course Contents

 Review of General Cost Accounting

 Cost-Volume-Profit Analysis

 Cost-volume-profit assumption and terminology

 Essentials of Cost-volume-profit analysis

 The breakeven point

 Using CVP analysis for making decision

 Sensitivity analysis and uncertainty

 Cost planning and CVP

 Effect of sales mix on income

 CVP Analysis in service and non-profit organisations

 Job Costing

 Building block concepts of costing systems

 Job-costing and process-costing systems

 Job costing in manufacturing

 Budgeted indirect costs and end-of-period adjustments

 Multiple overhead cost pools

 Variation of normal costing: a service sector example

 Activity-Based Costing and Activity-Based Management

 Broad averaging via peanut-butter costing approaches

 Activity based costing systems

 Implementing activity-based costing

 Activity-based costing and department-costing systems

 Activity-based costing in service and merchandising

companies

 Master Budget and Responsibility Accounting

 Budgets and t he budgeting cycle

 Advantages of budgets

 Time coverage of budgets

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 Steps in developing an operating budgets

 Computer-based financial planning models

 Budgeting and responsibility accounting

 Responsibility and controllability

 Human resources aspect of budgets

 Flexible Budgets, Variances, and Management Control I

 The use of variances

 Static budgets and flexible budgets

 Static budgets variance

 Steps in developing flexible budgets

 Flexible budgets variances and sales-volume variances

 Price variances and efficiency variances for direct cost

input

 Performance measurement using variances

 Flexible budgeting and activity-based costing

 Benchmarking and variance analysis

 Flexible Budgets, Variances, and Management Control II

 Planning of variance and fixed overhead costs

 Developing budgeted variable overhead cost allocation

rates

 Variable overhead cost variance

 Developing budgeted fixed overhead cost allocation rates

 Fixed overhead cost variance

 Production-volume variance

 Integrated analysis of overhead cost variance

Assessment: Mid Semester Test

 Inventory Costing and Capacity Analysis

 Variable costing and absorption costing

 Performance measures and absorption costing

 Cost Allocation: Joint Products and Byproducts

 Joint-cost basics

 Approaches to allocating joints costs

 Irrelevant of joint cost for decision making

 Accounting for byproducts

 Revenue, Sales Variances, and Customer-Profitability Analysis

 Revenue and bundled products

 Revenue allocation methods

 Sales-volume variance components

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 Sales-mix and sales-quantity variances

 Market-share and market-size variance

 Customer revenues and customer costs

 Customer profitability profiles

 Process costing

 Spoilage, Rework, and Scrap

 Different type of spoilage

 Process costing and spoilage

 Job costing and spoilage

 Rework

 Capital budgeting and Cost Analysis

 Two focuses of cost analysis

 Stages of capital budgeting

 Discounted cash flow

 Sensitivity analysis

 Course review

Assessment: Final Examination

Prerequisites: BAC 4228 Introduction to Cost Accounting

Recommended Text: Cost Accounting: A Managerial Emphasis (11th

Edition), by Charles T. Horngreen, Srikant M. Datar,

George Foster, Prentice Hall University Division, ISBN

0130648159, 11th edition (June 15, 2002)

Cost Accounting: A Managerial Emphasis, 11th

Edition (Student Guide and Review Manual), by

John K. Harris, Srikant M. Datar, George M. Foster,

Prentice Hall, ISBN 0130649287, 11th edition (April

2002)

Cases in Cost Management: A Strategic

Emphasis, by John K. Shant, South-Western

Publication, ISBN 0538860456, (August 1996)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4413

Course Title: Advanced Financial Management

Course Credits: 3

Instructor: Ms. Elizabeth Chea, CPA

Course Description

This course provides a general survey of the body of knowledge of finance. We

shall not only trace the theoretical developments and empirical evidence, but also

discuss the practical implications from the viewpoint of both financial managers

and stakeholders.

Since this is an advanced course, students are expected to have completed BAC

4227: Principles of Finance, and are expected to develop strong analytical,

communication, and computer skills. Students are encouraged to follow the

development of the financial markets and the business world by reading business

publications such as the Wall Street Journal and Business Week and by visiting

related web sites on the Internet.

There will be an in-depth study of finance topics applicable to the firm. Attention

to financial decision-making affecting the firm's investment, financing, market

strategies, and dividend policies. Areas of emphasis will be financial objectives of

the firm, shareholder value, capital budgeting, risk and uncertainty, cost-of-

capital, optimum capital structures and fund flows.

Course Objectives

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To provide students with the mastery of basic financial concepts and methods of

analysis;

An understanding of financial operations in a global setting and of the role of

financial institutions in the economics system;

An ability to effectively communicate and work with others as the finance

member of a team;

An ability to demonstrate leadership capabilities in financial analysis and

portfolio management

Course Goals

At the end of this course, students would be able to:

ώ Understand the financial decision-making process, interpret the impact

that financial decisions will have on value creation, and develop a strong

understanding of how funds are raised and allocated by today's

businesses

ώ Deepen insights into practical applications of financial management

and analysis in a dynamic business environment.

ώ Develop appreciation of the interface between financial management

and analysis and other areas like economics, management, investments,

financial markets, international finance, financial services and

corporate strategy.

ώ Encourage future finance professionals to equip themselves with the

latest IT tools and techniques.

ώ Develop a new body of knowledge and skill-set and make them available

for those seeking challenging careers in the new era of liberalization and

globalization.

Course Content

 Fundamental Concepts

 An overview of financial management

 Risk and return I

 Risk and return II

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 Bond valuation

 Stock valuation basics

 Accounting for financial management

 Analysis of financial statements

 Tools of Financial Analysis and Control.

 Financial ratio analysis.

 Financial planning.

 Corporate valuation

 Financial planning and projecting financial statements

 Determining the cost of capital

 Corporate value and value based management

 Financing and Dividend Policies

 Restructuring the capital structure

 Theory of capital structure.

 Making capital structure decisions.

 Dividends and share repurchase: Theory and practice.

 Strategic Investment Decisions

 Capital budgeting: Decision criteria

 Capital budgeting: Estimating cash flows and analysing

risk

 Options pricing with application to real options

Assessment: Mid Semester Test.

 Strategic Financing Decisions

 Capital structure decision I

 Capital structure decision II

 Capital structure decision III

 Distributions to shareholders

 Tactical Financing Decisions

 Initial public offerings,

 Investment banking and financial restructuring

 Lease financing

 Hybrid financing: Preferred stock, warrants, and

convertibles

 Issuing securities.

 Fixed-income financing and pension liability.

 Working Capital Management

 Current asset management

 Short term financing

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 Other topics in working capital management

 Liquidity and Working Capital Management.

 Liquidity, cash, and marketable securities.

 Management of accounts receivable and inventories.

 Liability management and short/medium term

financing.

 Special Topics

 Derivatives and risk management

 Bankruptcy, reorganisation, and liquidation

 Mergers, LBOS, divestitures and holding companies

 Multinational financial management

 Financial management in not-for-profit businesses

 Course reviews

Assessment: Final Examination

Prerequisite: BAC 4227 Principles of Finance

Recommended Texts: Intermediate Financial Management with

Student CD-ROM, by Eugene F. Brigham, Philip R.

Davies, South-Western University Publishing, ISBN

0030333288, 7th edition (October 26, 2001)

Financial Management and Policy (12th

Edition), by James C. Van Horne, Prentice, Hall,

ISBN 0130326577, 12th edition (March 22, 2001)

Fundamentals of Financial Management and

PH Finance Centre CD (11th Edition), by James

C. Van Horne, John M. Jr Wachowicz, John A.

Wachowicz, Prentice Hall, ISBN 013090533X, 11th

Bk & cr edition (June 14, 2000)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4414

Course Title: Advanced Business Law

Course Credits: 3

Instructor: Mr. Ralph Sahrmann, Esq., LL.M.

Course Description

This course provides advanced knowledge in understanding of the law regarding

contracts, partnerships, corporations, agencies, and properties. In addition,

students will demonstrate an understanding of the legal environment in which

businesses operate; the judicial and law enforcement systems; laws regarding

patents, copyrights, and trademarks; anti-trust issues, monopolies, and price-

fixing; and factors in the remote business environment such as social,

technological, political, economic, and ecological, which impact the operation of

business.

Furthermore, issues on business relationships and forms of business

organizations, including the legal requirements for the formation of the

corporation and partnership. Special contractual relationships affecting

businesses are studied followed by an examination of the law pertaining to

secured transactions and bankruptcy procedures. The course also surveys the law

of real property, including the leasehold interest and mortgages. Relevant

statutes and selected cases are examined.

Course Objectives

To discuss the possible problems in developing legal agreements and explain the

difference between contract remedies and torts associated with contracts.

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To discuss the challenge of global competition in business law and individual

rights

Course Goals

At the end of this course, students would be able to:

ώ Analyze and solve corporate and business related legal issues

from the theoretical and practical viewpoints

ώ Contribute to business strategy by exercising professional legal

expertise

ώ Obtain advanced legal knowledge and skills for business as the

partner, shareholder or manager in company, as well as

preparation for entering and executing the selected important

contracts.

Course Content

 The Legal Environment of Domestic and International Law.

 Nature of law and critical legal thinking.

 Judicial and alternative dispute resolution.

 Constitutional authority to regulate business.

 Comparative and international law.

 Torts, Crimes and Business Ethics.

 Intentional torts, negligence, and strict liability.

 Product liability.

 Criminal law and business crimes.

 Ethics and social responsibility of business.

 Contracts and Electronic Commerce.

 Nature of traditional and Internet contracts.

 Agreements.

 Consideration.

 Capacity and legality.

 Genuineness of assent.

 Writing and contract form.

 Third-party rights and discharge of contracts.

 Contract remedies and torts associated with contracts.

 Intellectual Property, Internet Law, and Electronic Commerce.

 Intellectual property and Internet law.

 E-commerce and Internet law.

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 Domestic and International Sales and lease Contracts.

 Formation of sales and lease contracts.

 Performance of sales and lease contracts.

 Remedies for breach of sales and lease contracts.

 Warranties.

 Negotiable Instruments.

 Creation of negotiable instruments.

 Transfer of negotiable instruments.

 Holder in due course and defences.

 Checks and wire transfers.

 Credit and Bankruptcy.

 Credit and suretyship.

 Secured transactions.

 Bankruptcy and reorganization.

Assessment: Mid Semester Test

 Agency Law.

 Agency formation and termination.

 Liability of principals and agents.

 Non-Corporate Business Organisation.

 Law for entrepreneurs.

 General partnerships.

 Limited partnerships and limited liability

Partnerships.

 Limited liability companies.

 Franchises and licensing.

 Corporations.

 Corporate formation and financing.

 Directors, officers, and shareholders.

 Mergers and hostile take-overs of corporations.

 Securities regulation and investor protection.

 Employment and Labor Law.

 Employment and worker protection laws.

 Equal opportunity in employment.

 Labor relation law.

 Liability accountants.

 Government Regulation.

 Administrative law and government regulation.

 Consumer protection.

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 Environmental protection.

 Antitrust law.

 Property.

 Personal property and bailment’s.

 Real property.

 Landlord-tenant relationships.

 Insurance.

 Wills, trusts, and estates.

 Course reviews

Assessment: Final Examination.

Prerequisite: BEC 4126 Introduction to Business Law

Recommended Texts: Business Law: Ethical, International and E-

Commerce Environment (4th Edition), by

Henry R. Cheeseman, Prentice Hall University

Division, ISBN 0130879134, 4th edition (June 6,

2000)

Smith & Keenan's Advanced Business Law, by

Graham Clark, Robert Johnston, Financial Times

Management, ISBN 027364601X, (October 2000)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4425

Course Title: Advanced Taxation

Course Credits: 3

Instructor: Dr. Richard Demeritte

Course Description

An in-depth discussion of federal income taxation of multi-national corporations

and partnerships. Tax issues connected to formation, operation, distributions,

and liquidation will be examined. Other topics discussed include: special tax

assessments like the alternative minimum tax, the personal holding company tax,

and the accumulated earnings tax; S corporations, taxation of international

transactions, and tax research.

Advanced taxation explores the tax consequences of many sophisticated business,

financial, and personal wealth-planning transactions. Each transaction is

presented in an economic or legal context, and the non-tax motives of the

transacting parties are examined before the tax issues are identified.

Course Objective

The objective of the course is to deepen the understanding of corporate taxation

principles applied to the management and transactional reality.

Course Goals

At the end of this course, students would be able to:

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ώ Assess the fiscal issues linked to the various types of taxes in a given

business and/or transactional situation

ώ Find solutions to reduce fiscal risks, and

ώ Identify a number of tax planning measures.

Course Content

 Tax Research.

 Overview of tax research.

 Importance of the facts to the tax results.

 The sources of tax law.

 Corporate Formations and Capital Structure.

 Legal requirements for forming a corporation.

 Tax considerations in forming a corporation.

 Deferring gain or loss upon incorporation.

 Choice of capital structure.

 The Corporate Income Tax.

 Corporate elections.

 General formula for determining the corporate tax

liability.

 Computing a corporation's taxable income.

 Computing a corporation's income tax liability.

 Controlled groups of corporations.

 Corporate Non-liquidating Distributions.

 Non-liquidating distributions in general.

 Earnings and profits (E&P).

 Non-liquidating property distributions.

 Stock dividends and stock rights.

 Stock redemptions.

 Preferred stock bailouts.

 Stock redemptions by related corporations.

 Other Corporate Tax Levies.

 The corporate alternative minimum tax.

 Personal holding company tax.

 Accumulated earnings tax.

 Corporate Liquidating Distributions.

 Overview of corporate liquidations.

 General liquidation rules.

 Liquidation of a controlled subsidiary corporation.

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 Special shareholder reporting issues.

 Special corporate reporting issues.

 Recognition of gain or loss when property is distributed

in retirement of debt.

 Corporate Acquisitions and Reorganisations.

 Taxable acquisition transactions.

 Comparison of taxable and tax-free acquisition.

 Types of reorganisations.

 Tax consequences of reorganisations.

 Acquisitive reorganisations.

 Divisive reorganisations.

 Other reorganisation transactions.

 Judicial restrictions on the use of corporate

reorganisations.

 Tax attributes.

 Consolidated Tax Returns.

 Source of the consolidated tax return rules.

 Definition of an affiliated group.

 Should a consolidated return be filed?

 Consolidated taxable income.

 Computation of the affiliated group's tax liability.

 Inter-company transactions.

 Dividends received by group members.

 Consolidated charitable contributions deduction.

 Net operating losses (NOLs).

 Consolidated capital gains and losses.

 Stock basis adjustments.

 Partnership Formation and Operation.

 Definition of a partnership.

 Overview of partnership taxation.

 Tax implications of formation of a partnership.

 Partnership elections.

 Partnership reporting of income.

 Partner reporting of income.

 Basis for partnership interest.

 Special loss limitations.

 Transactions between a partner and the partnership.

 Family partnerships.

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Assessment: Mid Semester Test

 Special Partnership Issues.

 Non-liquidating distributions.

 Terminating an interest in a partnership.

 Optional basis adjustments.

 Special forms of partnerships.

 The Gift Tax.

 Concept of transfer taxes.

 The unified transfer tax system.

 Gift tax formula.

 Transfers subject to the gift tax.

 Exclusions.

 Gift tax deductions.

 The gift-splitting election.

 Computation of the gift tax liability.

 Basis considerations for a lifetime giving plan.

 Below-market loans: Gift and income tax consequences.

 The Estate Tax.

 Estate tax formula.

 The gross estate: Valuation.

 The gross estate: Inclusions.

 Deductions.

 Computation of tax liability.

 Liquidity concerns.

 Generation-skipping transfer tax.

 Income Taxation of Trusts and Estates.

 Basic concepts.

 Principles of fiduciary accounting.

 Formula for taxable income and tax liability.

 Distributable net income.

 Determining a simple trust's taxable income.

 Comprehensive illustration: Determining a simple trust's

taxable income.

 Determining taxable income for complex trusts and

estates.

 Comprehensive illustration: Determining a complex

trust's taxable income.

 Income in respect of a decedent.

 Grantor trusts provisions.

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 Administrative Procedures.

 Audits of tax returns.

 Requests for rulings.

 Due dates.

 Failure-to-file and failure-to-pay penalties.

 Other more severe penalties.

 Statute of limitations.

 Liability for tax and tax practice issues.

 U.S. Taxation of Foreign-Related Transactions.

 Jurisdiction to tax.

 Taxation of non-resident Aliens.

 Taxation of U.S. business operating abroad.

 Course reviews

Assessment: Final Examination

Prerequisite: BAC 4229 Principles of Taxation

Recommended Texts: Prentice Hall's Federal Taxation 2002:

Corporations, Partnerships, Estates, and

Trusts, by Kenneth E. Anderson, Thomas R. Pope

(Editor), John L. Kramer (Editor), Prentice Hall,

ISBN 013055071X, 1st edition (April 10, 2001)

Advanced Strategies: Principles of Taxation -

2003 Edition, by Sally M. Jones, Shelly C. Rhoades-

Catanach, Sally Jones, Shelly Rohoades-Catanach,

McGraw-Hill/Irwin, ISBN 0072524383, 2nd edition

(August 5, 2002)

Fundamentals of Corporate Taxation, Fourth

Edition, by Stephen A. Lind, Foundation Press,

ISBN 1566624509, 4th edition (January 1, 1997)

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Program: Bachelor of Science Degree in Accounting

Course Code: BAC 4426

Course Title: Accounting Seminar

Course Credits: 3

Instructor: Mr. Everett Colby, M.Sc.

Course Description

This seminar course explores the theoretical structure of accounting, with special

attention to asset and income definition, recognition, and measurement; and an

appraisal of pronouncements of professional accounting organisations. The

seminar course will also consider the analysis and evaluation of accounting

thought relating to the nature, measurement and reporting of business income

and financial condition.

Course Objective

The primary objective of this seminar is to expose students to ongoing and

emerging financial accounting issues and to acquaint them with various research

methodologies used in empirical financial accounting research.

Course Goals

At the end of this seminar course, students would be able to:

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ώ Understand and conduct an in-depth analysis of the conceptual

foundations of accounting, including:

a) The evolution, formulation, evaluation, and

validation of accounting theory and the FASB

conceptual framework;

b) Objectives of financial accounting and reporting;

c) The environment and process of accounting standard

setting;

d) The measurement and reporting of financial

information relating to the statement of financial

position and statement of income components;

e) Inflation accounting;

f) Income taxes;

g) Pensions;

h) Leases; and

i) Inter-corporate equity investments.

REQUIREMENTS

∞ A number of financial accounting topics have been selected for

presentation and discussion in the seminar. The students are expected to

come prepared on a topic of the meeting for discussion in the seminar.

∞ All students are required to submit a short written report every meeting

on the topic of the week, especially analysing the assigned seminar

papers.

∞ All students will be required to make at least one presentation in the

seminar on the assigned topic. The presentation will consist of critical

analyses of the assigned papers on the topic of the week. The analyses

shall highlight the seminar focus of the paper, methodology used to

achieve the objective, and interpretation of the results. The analytical

review shall also highlight the strengths and weaknesses of the assigned

papers.

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∞ A research term paper of about 20 pages will be required by the end of the

semester. The term paper can replicate any empirical study discussed in

the seminar or it can focus on any other accounting topic. The term paper

shall clearly identify the research issued being studies, methodology used

and discussion of results of test or analyses.

Course Content

 Introduction to Financial Accounting Research

 Earnings, Price, and Returns

 Events and Association Studies and Earnings Response

Coefficient

 Review of Market Studies and Usefulness of Accounting

Information

 Earnings Management

 Agency Theory and Positive Theory

 Ohlson's Valuation Model

 Re-valuation Models

 Earnings Forecast Models

 International Accounting

GRADING CRITERIA USED ON SEMINAR AND TERM PAPER

50% CONTENT/DEVELOPMENT: All key elements of the assignment are

covered in a substantive way. Content is comprehensive, accurate, and/or

persuasive. Major points are stated clearly, are supported by specific details,

examples, or analysis. Where appropriate, the paper supports major points with

theory relevant to development of the ideas, and uses the vocabulary of the theory

correctly. Research is adequate and timely for the topic.

20% ORGANISATION: The structure of the paper is clear and easy to follow.

The paper's organisation emphasises the central theme or purpose and is

directed. Paragraph transitions are present and logical, and maintain the flow of

thought throughout the paper. The conclusion is logical and flows from the body

of the paper. The conclusion reviews the major points toward the appropriate

audience. Ideas flow in a logical sequence. The introduction provides sufficient

background on the topic and previews major points.

10% FORMAT: The paper, including citations and the reference page, follows

designated guidelines for format. The paper is laid out effectively and uses

reader-friendly aids (e.g., section summaries, tables of contents, indices,

appendices, etc.) when appropriate. The paper utilizes references appropriately.

Headings, the use of italics, etc., aid the readability of the paper and are not

overdone. The paper is neat with attention given to format requirements.

Original work.

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10% GRAMMAR/PUNCTUATION/SPELLING: Rules of grammar, usage,

and punctuation are followed. Spelling is correct

10% READABILITY/STYLE: Sentences are complete, clear and concise.

Sentences are well-constructed with consistently strong, varied structure.

Sentence transitions are present and maintain the flow of thought. Words used

are precise and unambiguous.

Prerequisites: BMS 4213 Intermediate Financial

Accounting II

BAC 4327 Accounting Internship

Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4428

Course Title: Accounting for Planning and Control

Course Rating: 3

Instructors: Mrs. Elizabeth Chea, CPA

Course Description

This course explores the use of accounting in management planning and control

of organization activities and in identifying the tools needed to implement

strategies in enhancing the success of the organization. The course also examines

the best approaches to performance measurement and control techniques with

the new realities of competition, strategy and organization design.

Among importance to be discussed in this course are the vital areas that impact

the organization's activities which management needs to analyze and make

critical decisions of accounting data input. These include the activity analysis,

cost behavior, cost-volume-profit analysis, budgeting: profit planning and control

systems, standard costing and performance measures, responsibility accounting

and total quality management and the investment centers and transfer pricing.

Others include the required investment decisions and management control

systems in respect of capital budgeting and cost analysis, management control

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systems, performance measurement, compensation, and also the controlling and

valuing inventory costing, with specific focus on inventory costing methods,

inventory management, and the Just-in-Time inventory management systems.

Course Objectives

To assist students to understand and recognize the current trends in

management accounting and present the basic concepts and techniques adopted

for planning and control of the organization systems to achieve efficient

operation of the organization’s resources.

To expose students to the cost issues in accounting and the use of costs and cost

behavior and the use of cost information for planning and control decisions.

Provide students with a good insight and step-by-step instructions on how

business decision makers use financial statements and other forms of accounting

information in the processes of planning, managerial decision-making and the

control of cost activities.

Course Goals

At the end of this course, students would be expected to be able to:

ώ Understand and develop solid understanding of costs and cost

behavior and the use of cost information for planning and control

decisions.

ώ Understand the basic concepts in management accounting and the

application of those concepts to enhance the organization’s overall

profitability through stringent planning and control of operations thus

significantly influencing the competitive business environment.

ώ Understand the concept and emphasis to management control

techniques through accounting systems such as transfer pricing and

budget preparation, and behavioral considerations including

motivation and goal congruence.

Course Content

 Foundations for Implementing Strategy

 Organizational Tensions to be Managed

 Basics for Successful Strategy

 Organizing for Performance

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 Using Information for Performance Measurement &

Control

 Planning and Control Systems

 Activity Analysis, Cost Behavior, and Cost Estimation

 Cost-Volume-Profit Analysis

 Budgeting: Profit Planning and Control Systems

 Standard Costing and Performance Measures

for Today's Manufacturing Environment

 Flexible Budgeting and Overhead Cost Control

 Responsibility Accounting and Total Quality

Management

 Investment Centers and Transfer Pricing

 Using Accounting Information in Decision Making

 Decision Making: Relevant Costs and Benefits

 Cost Analysis and Pricing Decisions

 Capital Expenditure Decisions

Assessment: Mid Semester Test / Case Analysis

 Tools for Planning and Control

 Master Budget and Responsibility Accounting

 Flexible Budgets, Variances, and Management Control

 Inventory Costing and Capacity Analysis

 Creating Performance Measurement Systems

 Building a Profit Plan

 Evaluating Strategic Profit Performance

 Designing Asset Allocation Systems

 Linking Performance to Markets

 Achieving Profit Goals & Strategies

 Using Diagnostic and Interactive Control Systems

 Aligning Performance Goals and Incentives

 Identifying Strategic Risk

 Managing Strategic Risk

 Levers of Control for Implementing Strategy

 Cost Information for Decisions

 Determining How Costs Behave

 Decision Making and Relevant Information

 Pricing Decisions and Cost Management

 Strategy, Balanced Scorecard, and Strategic Profitability

Analysis

 Investment Decisions and Management Control Systems

 Capital Budgeting and Cost Analysis

 Management Control Systems, Transfer Pricing, and

Multinational Considerations

 Performance Measurement, Compensation,

and Multinational Considerations

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 Controlling and Valuing Inventory Costing: A Complex Problem

 Inventory Costing Methods

 Applying the Rule of Cost or Market, Whichever Is

Lower

 Inventory Management

 Cut-off Date

 Periodic Physical Inventory

 Business Horizon: Just-in-Time in Action

 Just-in-Time Inventory Management

 Accounting for Labor Costs

 Course Reviews.

Assessment: Final Examination.

Prerequisite: BAC 4411 Advanced Financial Accounting

Recommended Texts: Performance Measurement & Control

Systems for Implementing Strategy, by Robert

Simons, Antonio Davila, Roberts S. Kaplan, Prentice

Hall, ISBN 0130219452, (March 2000)

Managerial Accounting: Concepts for

Planning, Control, Decision Making/2 Books

and Binder (The Irwin Series in

Undergraduate Accounting), by Ray H.

Garrison, Eric W. Noreen, Richard D Irwin, ISBN

0256133697, 7Th/rngbnd edition (August 1993)

Workbook/Study Guide for Use With

Managerial Accounting: Concepts for

Planning, Control, Decision Making, by Ray H.

Garrison, McGraw Hill University Division, ISBN

0256235694, 8th edition (January 1997)

Accounting for Decision Making and Control,

by Jerold L. Zimmerman (Editor), McGraw-Hill

Higher Education, ISBN 0073039373, 3rd edition

(August 16, 1999)

Recommended Journals: Cases from Management Accounting

Practice, Volume 6, Edited by Michael A.

Robinson, Ph.D., Baylor University.

Journal of Business Finance and

Accounting, Financial Accountability and

Management, ISSN: 0267-4424, Frequency: 4,

Volume/Year: 17/2001

The European Accounting Review, ISSN

0963-8180, is published quarterly by Routledge.

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Program: Bachelor of Science Degree in Accounting

Course Code: BBA 4999

Course Title: Undergraduate Thesis.

Course Credit: 9

Instructor: Mrs. Judith G. Jones, M.Sc.

Course Objective

This course is designed to equip students with basic knowledge of the guidelines

for doing a research project in the form of a thesis.

Course Goals:

Upon completion of this course the students will be able to:

ώ Identify the characteristics of various types of research.

ώ Demonstrate good note taking strategies.

ώ Use major resources for locating literature on related research.

ώ Define a discrepancy and know the relationship to needs assessment,

goal based evaluation and the eventual thesis.

ώ Conduct a search on an electronic database.

ώ Develop a needs-assessment instrument using a discrepancy analysis.

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ώ Write a critical analysis of a research article.

ώ Select measurable objectives and research paradigms.

ώ Know the formal process for writing a research report.

ώ Write a mini - proposal based on the Form Style manual guide of

Michael College

Course Content:

Session 1:

Course overview.

Trends in research to related discipline. Chapter 1

Session 2:

Note-taking strategies

An in-depth discussion on using major resources for locating literature

on related topic.

Session 3:

Terminology and definition - discrepancy - needs assessment - goal

based evaluation. Relevant examples and group work for

discussion purposes.

Session 4:

Using electronic database in field experience to extract relevant

material.

Session 5:

Develop a needs-assessment instrument using a discrepancy analysis -

simulation exercises.

Session 6:

Critical analysis of a research article.

Session 7:

Basic statistical terms, principles and procedures - Interpretation of

statistical information. Chapter 5

Session 8:

Measurable objectives - more on data and its significance. Validity and

reliability in data collection. Chapter 6 and Chapter 7

Session 10:

Formal process for writing a research report.

Videotape: Writing Research Papers. Chapter 13

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Session 11:

Planning a Mini Thesis. Chapter 14

Session 12:

Final Examination - will take the form of a mini thesis.

NOTE: Students are advised to study Michael University’s Handbook

with the stated format for this course and the culminating actual thesis.

Prerequisites: GSD 4111 Use of English

Recommended Textbook: Introduction to Educational

Research by Charles, C. M. (1995)