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M.Sc Enterpreneurship

MS.c Entrepreneurship

Course Overview

MS.c Entrepreneurship spirit and Innovation is the backbone of the biggest economies in the world. In this regard, such big economies such as the USA have an education system that emphasizes entrepreneurship and innovation. Small businesses are critical to such big economies and have been invaluable in creation of employment and realization of great economical and social change in form of a strong and vibrant middle class. In this course (BENS), we seek to provide the student with requisite skills to be entrepreneurs and/or innovators and capable of providing consultation services to already existing businesses.

Course Objectives

MS.c Entrepreneurship, the Specific objectives of this programme include:

  •  To develop a coherent and broad based coverage of business organizations and their Management.
  •  To equip the learners with appropriate business skills thus enhancing their confidence and ability to critically evaluate business information requirements and develop solutions from moral, professional and academic perspectives.
  •  To provide students with experience in the development and use of computer systems for solving business problems and marketing managerial decisions. To prepare the candidates to undertake research and pursue Post-graduate studies.

Admission Requirements

Any applicant who meets the minimum entry requirements for admission into the University may be granted admission, the requirements are :

  • An A’ Level Certificate (a Degree, HND or PGD) with 2:2, Lower credit, or Pass respectively and above.
  • Transcript of the A’Level result.
  • Copy of International Passport data page.
  • A copy of CV.

REGISTRATION PROCESS

To register for any of the available courses take the following steps

  • Click on courses on the menu bar or apply now button to pick a course
  • After selecting the course, click apply now to add to cart
  • View the cart to fill the application form
  • Submit the form to go to the payment page
  • Complete the payment form and select method of payment and submit.
  • You will receive an email letting you know of your registration and your application status
  • You will be contacted by one of our admission team member to guide you on the admission.
  • After making the payment of application fee admission letter will be sent to your email with fee structure.
  • You will need to make payment of at least 70% of the tuition and acceptance fee for you to be granted access to the course applied for.
  • After making the payment an email will be sent to your email with access link to your registered course.
  • You study online and can come to school every semester for exams.

FEE STRUCTURE

Tuition per Session

Tuition Fee = 480,000

Application = 10,ooo

Acceptance = 20,000

Course kit =20,000

Administrative Charges = 60,000

Project supervision = 20,000

Convocation = 40,000

Total = ₦650,000

CURRICULUM

Section 1: International Accounting In Entrepreneurship
Trends in global trade, investment, and external finance, documented in , simply that financial managers, vendors, investors, equity research analysts, bankers, and other financial statement users have a growing need to read and analyze nondomestic financial statements. Cross-border financial comparisons are vital when assessing the financial promise and soundness of a foreign direct or portfolio investment. There has been tremendous growth in international capital issuance and trading in recent years due to privatizations, economic growth, relaxation of capital controls, and continued advances in information technology.
Accounting must respond to society’s ever-changing informational needs and reflect the cultural, economic, legal, social, and political conditions within which it operates. The history of accounting and accountants reveals continuing change. At first, accounting was little more than a recording system for certain banking services and tax-collection schemes. Double-entry bookkeeping systems were later developed to meet the needs of trading ventures. Industrialization and division of labor made cost-behavior analysis and managerial accounting possible. The rise of the modern corporation stimulated periodic financial reporting and auditing. In keeping with society’s increased concerns about the environment and about corporate integrity, accountants have found ways to measure and report environmental remediation liabilities and to uncover money laundering and other white-collar crimes. Accounting provides decision information for huge domestic and international public securities markets. It extends into management consulting and incorporates ever-increasing information technology within its systems and procedures
In Chapter 2 we learned about the factors that affect the development of a nation’s accounting system, including its sources of finance, legal system, taxation, political and economic ties, and inflation. Chapter 2 went on to classify accounting systems according to their common elements and distinctive features. Chapters 3 and 4 more closely examine accounting in a few selected countries. Specific knowledge of accounting in a country is needed to analyze financial statements from that country. Chapter 3 deals with five European countries. Chapter 4 deals with five countries from the Americas and Asia. Background information for each country is provided in both chapters, along with a discussion of each country’s institutional framework for regulating
and enforcing accounting.

Section 2: International economics
Discipline “International economics” is an integral part of the training of economists-general and one of the majors in the preparation of international economists. It belongs to the number of basic economic disciplines. It’s not only based on the market economy theory, but also develops it. “International Economics” is a connecting link between such university courses as Microeconomics, Macroeconomics and specific economic disciplines, such as Marketing, Management, Finances, Accounting and Audit, Money and Credit, Banking etc. Initially “International Economics” in the economics system occupied a peripheral place and based on the principles of separate parts of Micro- and Macroeconomics, which contained the analysis of international economic relations, which  contained an analysis of international economic relations in the spheres of foreign trade, interstate flows of production factors, financial and monetary system that causes those flows.[More…]

Phenomenon of economic integration, understood as compilation and joining, appears along with a progress of commodity – monetary economy. At the beginning, integration got a form of joining different branches of economic activity in some regions. The next stage was joining regions – that is how, integrated national economies started. Then, economies of different countries – by creation thicker and thicker net of economic relations – begin to merge, and create, this way, the world economy. In the modern world economy, the economic integration has a form of creation different kinds of international, economic groupings, including groups of countries, which have a target of mutual integration of their economies

Today international trade is one of the major driving forces of economic development. It appears as a sphere of international economic relations and is formed by merchandise trade, trade in services and products of intellectual labor of all countries in the world. Today, it accounts about 80% of all international operations. A single country takes part in international trade in the form of foreign trade, i.e. it is the trade between the country and other ones, which consists of two opposing flows of goods and services: export and import. International trade is trading between residents of different countries, which may be individuals and legal persons, firms, TNC, non-profit organizations, etc. It provides the voluntary exchange of goods, services, products of intellectual labor between the parties of a trade agreement. Since this exchange is voluntary, both parties of the agreement must be confident that they will get benefit from this exchange, otherwise the agreement will not be signed.
Section 3: International finance
International finance is defined as the set of relations for the creation and using of funds (assets), needed for
foreign economic activity of international companies and countries.
Assets in the financial aspect are considered not just as money, but money as the capital, i.e. the value that brings
added value (profit). Capital is the movement, the constant change of forms in the cycle that passes through three stages:
the monetary, the productive, and the commodity. So, finance – is the monetary capital, money flow, serving the
circulation of capital. If money is the universal equivalent, whereby primarily labor costs are measured, finance is the
economic tool.
The definition of international finance as the combination of monetary relations, that develop in process of
economic agreements – trade, foreign exchange, investment – between residents of the country and residents of foreign countries, is not exhaustive. It does not reflect all the essential features, that are generated by the set of conditions outside the company (i.e. the external environment of the international business), which effects on their activity in practice. These specifics lie in the fact of the relation between the international finance actions and the set of temporary and spatial risk factors (currency, credit, investment, political) caused by uncertainty and fluctuations in exchange rates of securities, the comparative difference in inflation and interest rates in different countries, the uncertainty of the economic policy of the country. Uncertainty and increased risk are exacerbated by the fact, that international company has a small effect on the business areas in which it operates. However, while choosing alternative financial decisions in the international business area, we cannot dispense with the analysis of the value of future costs and revenues of time (term commercial transactions), space (geographically remote) and the uncertainty caused by the need to work with a large number of currencies, taking into account the differences in interest rates and inflation, legislation and political systems in many countries.
The combination of financial markets and financial institutions, which operate in a legal and tax environment of international business, create the global financial system . The participants of the global financial system that intermediate the bulk part of international financial flows are: ¾ national stakeholders – corporations, banks, specialized credit and financial institutions, including insurance and pension companies stock and commodity exchanges, government ; ¾ international participants – international corporations, multinationals ,
international banks, TNB, specialized credit and financial institutions ,large stock and commodity exchanges, international monetary and financial institutions. The commercial banks take the central role in the global financial market, due to the broad field of financial activities. Liabilities of banks consist mainly of deposits with different maturities of assets: loans (by the corporations and states),deposits in other banks and bonds.
Currency is any product, which is able to function as a medium of exchange in international payments. In the narrower sense – currency is the cash, which passes from hand to hand in the form of banknotes and coins.
Currency provides communication and interaction of national and world economies. Currencies are divided into national currency, foreign and international (regional) – depending on the origin (status). The national currency – is the legal tender of the country: money in the form of banknotes, coins and in the other forms. The money, that are in circulation and are legal tender in the country, as well as vouchers or other securities (stocks, bonds, their coupons, tokens of exchange (drafts), promissory notes, letters of credit, checks, bank orders, certificates of deposit, savings books, and other financial and banking instruments) denominated in the currency of that country. The national currency is the basis of the national monetary system. Foreign currency – banknotes of foreign countries, credit and payment resources that denominated in foreign currency and are used in international payments. International (regional) currency – international or regional unit of account, the resource of payment and reserve. For example, SDR (SDR – Special Drawing Rights), which are the international means of payment, are used by the IMF for the cashless international payments. SDR could be used by means of the notation in special accounts, and by the unit of account of the IMF; Euro – is the regional international unit of account, which was introduced within the European
Monetary System in 1999. Euro is the accounting unit of the EU.