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Lecture

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This course considered various ethical issues in the accounting profession. Detail of the topics consider in this course are as follows:

1.ETHICAL FRAMEWORK; CONCEPT AND VALUES

2.APPROACHES TO SOLVING ETHICAL PROBLEM AS ACCOUNTANTS

3.CORPORATE GOVERNANCE AND ETHICAL REPORTING FOR ACCOUNTANTS

4.RULE BASED APPROACH AND CORPORATE GOVERNANCE

5.FUNDAMENTAL PRINCIPLES IN ACCOUNTING

6.KOHLBERG THEORY OF MORAL DEVELOPMENT

7. RELATIONSHIP OF PROFESSIONALS ACCOUNTANTS  WITH THEIR CLIENTS  AND THE PUBLIC

8. RELATIONSHIP BETWEEN PROFESSIONAL ACCOUNTANTS WITH FINANCIAL REPORTING


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Course Outline

WEEK

TOPICS

BEHAVIOURAL OBJECTIVES

At the end of the lecture, the students should understand:

1.

Money

(a)  Origin and functions of money

(b) Types of Money

(c)  Money characteristics  and the       classical quantity, Keynesian and   monetarist theories

i.    The evolution of money

ii.   The characteristics of money

iii   Types of Money

iv.  The theories of money

-      Classical quantity theory

-      Keynesian theory

-      Monetarist theory

2.

The Financial Markets

 (a)  The structure of the financial         markets

(b)  Money market instruments 

i.    An outline of the money and capital markets

ii.   Money market instruments

iii.  Participants in the money market

3.

Types of Banks and Functions 1

(a)  Evolution of banking in Nigeria

(b)  Central Bank:  Powers and functions

(c)  Commercial banks:  Functions and how they create money

i.    Evolution of banking in Nigeria

ii.   The various types of banks and functions

iii.  The CBN:  Powers and functions

iv.   The role of commercial banks in the Nigerian economy

v.    How banks create money

vi.   Limitations to create money

4.

Types of Banks and Functions 11

(a)  Merchant banks: Powers & functions

        -  Relationship with the commercial 

           Banks

(b)  Development banks

(c)  Microfinance banks

i.     What merchant banks are

ii.    Functions of merchant banks

iii.   Differences and relationship with commercial banks

iv.   What development banks are and functions

v.    Importance of microfinance banks

5.

Bureau de change

The role of bureau de change

6.

The Nigeria Capital  Market

(a)  Definition

(b)  Instruments traded

(c)  Relationship with the money market

(d)  Participants

(e)  Regulation

i.    The place of the capital market

ii.   Instruments traded in the capital market

iii.  Relationship with the  money market

iv.  The participants in the capital market

v.   Securities and Exchange Commission

7.

 

 

8.

The Stock Market

(a)  Functions

(b)  Daily listing

Financing Business:  Sources of Finance

(a)  Short- term

(b)  Medium term

(c)  Long term

i.    Functions of the stock market

ii.   Daily listing of stock

 

Sources of business finance from overnight to long-term

 

 

9.

Business Firms and Objectives 1

(a)  Sole proprietorship

(b)  Partnerships

i.    Sole proprietorship and partnerships

ii.   Differences between the two

10 & 11

Business Firms and Objectives 11

(a)  Limited liability companies

(b)  Differences between companies

The uniqueness of companies and features

12.

Revision of money, theories of money and the money market

Revision

13.

Revision of the capital market and sources of finance

Revision

14.

Revision of business firms and objectives

Revision

 

 

 

Money is anything generally accepted within a given community and printed by Central Bank of Nigeria for the purpose of making payments and discharging obligations.

 


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A contract is said to be discharge when its obligations are no longer binding on
the promisor. Discharge may be effected by:
(a.) AGREEMENT

(b.) BREACH

(c.) FRUSTRATION

(d.) LAPSE OF TIME


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