Financial Accounting

Course Description
The course introduces students to the concept of historical return and risk on investment, capital market efficiency, short-term financial management techniques and computations of expected return. The course discusses issues such as capital market history, methods of estimating expected risks and returns of single and portfolio investments, determination of cost of capital, the capital assets pricing model, financial leverage and capital structure policy. The course exposes students to how firms raise long-term capital, short-term financial planning, and working capital management techniques and issues on dividend policy.


Auditing and Assurance

Course Description
The course wills introduce participants to the postulates and concepts of auditing. It explains the theories and concepts of the Financial Audit process as well as the Financial Statement Auditing environment. It further explains the concepts underlying the gathering of Audit Evidence and Audit Documentation. Other concepts which are taught include Audit Planning and Types of Audit Tests, Internal Controls as well as Sampling and Materiality. Students are taken through the Audit of Business Processes and Reporting Responsibilities and the Regulatory Framework as contained in International Standards of Auditing (ISA 200 through to ISA 810)
 


Cost Accounting

Course Description
This course describes cost and management accounting in the broader sense. It provides information in the area of cost accounting, which is helpful in the effective utilization of resources with cost-controlling techniques like budgeting, standard costing and variance analysis. It also explores an activity-based costing system, productivity measurement and total            quality. Management accounting covers the areas of decision-making, pricing and transfer pricing and decentralization. In particular, the course emphasizes modern theories of performance measurement and management control systems. The course also draws upon business practice, contemporary and international research, case studies, and the applied research experiences of students.