| At present
the Association does not prescribe set of books
or studying materials for its examination but are
in the process of printing exclusive books for
their students. Students are advised to either
consult their tutors as to the text books on
which they should base or supplement their study.
For the guidance of the Students Syllabus Topic
and list of recommended books of interest are
given below: 1.
Financial Accounting Fundamentals 1:
Objective:
An introduction to Financial
Accounting systems, preparation and
interpretation of simple Financial Statements and
to demostrate a knowledge of the principles, role,
essential techniques, concepts and scope of
accounting system and ability of acquiring
understanding of recording business transaction
and basic business problems.
- Syllabus: Accounting Theory and Principles
- Recording Financial transactions -
Control Accounts - Cash Records -
Accounts of Clubs and Societies - Types
of Expenditures - Correction of Errors -
Trial Balance - Final Accounts Sole
Traders, Partnerships and Limited
Companies - Ratios and Interpretation.
- Books:
Introduction to Financial Accounting. Author:
C Rickwood & A Thomas. Publisher:
McCraw-Hill.
- Books: Business
Accounting. Author: F
Wood. Publisher: Pitman.
- Books: Financial
Accounting. Author: A R
Jennings. Publisher: D P
Publications.
2. Operational Cost
Accounting: Objective:
The use of general costing
principles and techniques for planning, control
and decision making purposes in services and
manufacturing and to demonstrate an understanding
to the element of costing and its use in business
and the the survival of the organisation.
- Syllabus: Material Costing - Labour -
Overhead Costing - Break Even Analysis -
Standard & other Costing Methods -
Budgeting, Variance & Forecasting -
Relation to Financial Accounts.
- Books: Costing.
Author: T Lucey. Publisher:
D P Publication.
- Books: Cost
Accounting. Author: M W
E Glautier. Publisher: Pitman.
3. Commercial Laws:
Objective:
To demonstrate a sound
understanding knowledge of the core of the
elements of Commercial Laws and related topics of
importance to business organisation and legal
system which are directly relevant to the day to
day running of any business.
- Syllabus: Legal System and Court - Source
of Law - Law of Person and Contract -
Sale of Goods Act - Law of Agency and
Tort - Law of Association and Insurance -
Restraint of Goods - Transfer of the
Title and Consumer Protection - Consumer
Credit.
- Books: Business
Law. Author: K Abbot
& N Pendlebury. Publisher: D
P Publication.
- Books: Charelsworth's
Mercantile. Author: Schmittof
& Sare. Publisher: Stevens.
4. Company
Laws: Objective:
To show an understanding of the
principles of corporate personality and limited
liability and of company administration. To
inderstand an overall legal framework of the
Companies Acts and responsibilities and liability
of Company's Director and Secretary.
- Syllabus: Legal Personality - Formation
of Corporate Body - Corporate Finance -
Officers Duties and Liabilities -
Auditors and Shareholders - Meetings and
Resolutions - Liquidations and
Reconstructions - Statutory Obligations.
- Books: Companies
Act ( Department of Trade & Industry)
- Books: Company
Law. Author: K Abbot. Publisher:
D P Publications
- Books: Farrar's
Company Law. Author: Farrar.
Publisher: Butterworths.
5. Management
Accounting: Objective:
The information and implementation
of outward and forward looking strategies within
organisation and to demonstrate an understanding
of the reasons for maintaining management
accounting systems and financial control. This
paper builds on the overview of costing and seeks
to establish the candidate's sound knowledge of
the sysytem and their application to the current
business situation.
- Syllabus: Controltheory in Accounting -
Marginal and Standard Costing - Cost
Estimation - Budgeting and Budgetary
Control - Cost Volume Profit Analysis -
Decision Making - Pricing Policy and
Decisions - Profit Centres
- Books: Management
Accounting. Author: T
Lucey. Publisher: D P
Publication,
- Books: Management
and Cost Accounting. Author: C
Drury. Publisher: Van
Nostrand.
- Books: Management
Accounting for Decision Makers. Author:
G Mott. Publisher: Pitman.
6. Business
Taxation: Objective:
To demonstrate the role of Taxation
in business decisions and corporate planning and
to examine the candidate's knowledge of the
principles of the various taxes and ability to
apply such knowledge to practical situations
involving the minimisation of actual and
potential tax liabilities of individuals and
corporate bodies.
- Syllabus: Administration System - Schedule
D Cases - Payroll - Corporate Taxation -
Value Add Tax - Capital Gain Tax -
Inheritance Tax - Trust.
- Books: General
Guidance & Coverage. Publisher:
Local Inland Revenue.
7. Strategic
Financial Accounting 11: Objective: The
application of Financial Management knowledge to
the planning, operating and monitoring of the
function and the organisation as a whole. To
demonstrate an advanced comprehensive knowledge
of a practical implications of maintaining a full
set of accounts in group of companies and
multinational companies and of accepted
accounting rules, practices and allied techniques.
This includes the advance study of accounting,
performance and Financial Reporting Standards and
Statement of Stanadard Accounting Policies.
- Syllabus: Company Account's Regulations
and Policies - Company Accounts and
Corporate Reports - Accounting for issue
of Shares and Debentures - Capital
Reduction and Reconstruction Schemes -
Amalgamation and Business Purchase -
Capital Decision and Branch Accounts -
Budgeting and Financial Forecasting -
Income and Value Measurement -
Interpretation of Accounts - Capital
Investment Appraisal - Treatment of
Corporation Tax.
- Books: Financial
Accounting. Author: S B
Harding. Publisher: Van
Nostrand.
- Books: Business
Accounting 2. Author: F
wood. Publisher: Pitman.
- Books: Making
Sense of Company Reports. Author:
E R Farmer. Publisher: Van
Nostrand.
8. Auditing and
Fraud: Objective:
To demonstrate an awareness of the
social, legal and moral responsibility of those
in authority and a sound understanding of the
purposes and methods of Management Auditing
including policy, personnel, social and
environment audits. A sound knowledge of the
objectives and techniques of the accounting
control will also be examined. To demonstrate an
understanding of the nature and scope of scrutiny
in such detail as will enable the auditor to form
an opinion as to the accuracy, truth and fairness
of records and accounts. The syllabus seeks to
demonstrate knowledge of the procedural aspects
of auditing, the legal liability of the auditors,
investigations, specialised assignments and
awareness of modern techniques and practices used.
- Syllabus: The Nature of Audit - Audit
Procedure and Techniques - Management of
Internal Control - Mechanised and
Electronic System - The Auditors -
Statutory and Corporate Reports - Audit
Benefits and Developments - Audit Types,
Depth and Scope - Audit Decisions and
Plannning - Auditees Organisation -
Investigation of Fraud and Malpratice.
- Books: The
Audit Process. Author: Lain
Gray & Stuart Mansion. Publisher:
Van Nostraud.
- Books: Management
Auditing. Author: A J
Style. Publisher: McGraw
Hill.
- Books: Audit
Reports. Author: D York.
Publisher: KOgan Page.
- Books: Computer
Auditing. Author: Andrew
Chambers. Publisher: Pitman.
- Books: Audit
Today. Author: E Woolf. Publisher:
Prentice Hall.
9.
Industry and Finance: Objective: The
preparation and interpretation of Financial
Statements for group of companies. To understand
the guidelines and framework of of Industry and
Finance for local and overseas market. To
understand the trends and prcedure of import and
export, employment and investments. DECISION:
Candidate must be able to show a comprehension of
the purpose and use of tacticals controls over
financial strategies and must know how to
evaluate the financial implications of the
corporate policies.
- Books: Corporate
Strategy and Financial Decision. Author:
T Grundy. Publisher: Kogan
Page.
- Books: Business
Finance for Decision Makers. Author:
E J McLaney. Publisher: Pitman.
- Books: Corporate
Finance and Investment. Author: R
H Pike & C W Neale. Publisher:
Prentice Hall.
- Books: Business
Forecasting using Financial Models. Author:
N Hogg. Publisher: FT/Pitman.
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