Description
Course Overview
Unlike traditional business programmes, this programme (BM) offers a wide range of unique choices of specialized options such as accounting, marketing, banking and finance, insurance and risk management, co-operative management, human resources management and management sciences.
UNIVERSITIES IN BENIN REPUBLIC…
Course Objectives
At the end of the training, the graduates will be expected to:
- Effectively manage resources at their disposal according to contemporary economic, business management and technological trends;
- Carry out research in business and management trends with a view to finding solutions to contemporary problems affecting development at various scales;
- Appreciate the complex relationship between the national economy and global economic trends; and
- Have acquired knowledge, skills and attitudes for pursuing further studies in Business and Management.
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 =₦30,000
Administrative Charges = ₦60,000
Project supervision = ₦20,000
Convocation = ₦40,000
Total = ₦660,000
CURRICULUM
Accounting and Financial Management
Accounting process and principles, financial, cost and management accounting
Every person performs some kind of economic activity. A worker daily works and get wages and he spends to buy goods, cloths and some part of earnings saves for future. A business man purchases goods and sales it. He incurred various expenses like salaries, rent etc. A partner in firm contributes towards capital in the firm which carries on business may be trading in goods. Similarly companies, Governments are also carries on some financial activities. All are carrying some kind of economic activities. Such economic activities are performed through transactions and / or events. Thus the business transactions include purchase, sale of goods, rendering various services, receipts and payments for such transactions. In a business concerns the transactions are numerous. The details of all transactions cannot be remembered by the business man. Therefore it is necessary to keep written records of all such transactions. The records of written transaction will help business to settle disputes and also possible to provide valuable information to the owner of business. Book-keeping disciple has been developed to serve this purpose. The aim of Book-keeping is to provide the information needed by the businessmen and also it helps him to take decisions.
Elements of book keeping, Journal, cash and handbook, Book reconciliation statement, Ledger, trial balance, profit and loss accounts, final accounts of proprietary and partnership concern and balance sheet
The oxford dictionary defines Book-keeping as “The activities of keeping records of financial dealings”.
J.R. Batiboi defines book-keeping as, “Book-keeping is the art of recording business dealings in set of Books”.
R.N. Carter defines book-keeping as “The science and art of correctly recording in the books of accounts. All those business transactions and events inset of books, as and when such transactions take place. It is a systematic recording interms of money in set of books.”
Cost accounting – Objectives, elements of cost, understanding of the different methods of costing
Cost Accounting is the system of accounting which is concerned with determination of costs of doing something which can be manufacturing or rendering service or even conducting any activity or function. The objective of Cost Accounting is to render detailed and useful information for guidance to Management.
Analysis of financial information 2
Objectives of Financial Statement Analysis and Financial Reporting
You are interested in the stock of a major financial institution as a possible investment. An article about the company in today’s issue of a financial journal raised some questions about the stock. The article noted that for the past three years, the company’s return on equity averaged 8.5 percent, compared with an estimated industry average of 15 percent. A major competitor’s return on equity rate was 16 percent. Although the company you are interested in doubled its revenue last year, this increase was not reflected in the return on equity or in the price of the stock. What would you make of this information? Are there reasons why you might want to investigate this stock further before making a decision?
Accounting Assumptions, Principles, Procedures and Policies
Accounting assumptions are broad concepts that underlie generally accepted accounting principles (GAAP) and serve as a foundation for these principles. The major accounting assumptions include the following: the business entity assumption, the continuity assumption, the periodic and timely reporting assumption, and the monetary unit assumption.
Understanding Financial Statements
Financial statements are the most widely used and most comprehensive way of communicating financial information about a business enterprise to users of the information provided on the reports. Different users of financial statements have different information needs. General-purpose financial statements have been developed to meet the needs of users of financial statements, primarily the needs of investors and creditors.
Corporate Finance
Present value calculations and the valuation of physical investment projects
For the purposes of this chapter, we will consider a firm to be a package of investment projects. The key question, therefore, is how do the firm’s shareholders or managers decide on which investment projects to undertake and which to discard? Developing the tools that should be used for project evaluation is the emphasis of this chapter.
Risk and return: mean–variance analysis and the CAPM
In Chapter 1 we examined the use of present value techniques in the evaluation of physical investment projects and in the valuation of primitive financial assets (i.e. stocks and bonds). A key input into NPV calculations is the rate of return used in the construction of the discount factor but, thus far, we have said little regarding where this rate of return comes from. Our objective in this chapter is to demonstrate how the risk of a given security or project impacts on the rate of return required from it and hence affects the value assigned to that asset in equilibrium.
Factor models
The arbitrage pricing theory (APT) gives an alternative to the CAPM as a method to compute expected returns on stocks. The basis for the APT is a factor model of stock returns, and we will define and discuss these models first. From there we will demonstrate how to derive expected returns using the idea that the returns on stocks, which are exposed to a common set of factors, must be mutually consistent, given each stock’s sensitivity to each factor.
Economy
THE GENERAL THEORY OF THE GOOD
All things are subject to the law of cause and effect. This great principle knows no exception, and we would search in vain in the realm of experience for an example to the contrary. Human progress has no tendency to cast it in doubt, but rather the effect of confirming it and of always further widening knowledge of the scope of its validity. Its continued and growing recognition is therefore closely linked to human progress.
ECONOMY AND ECONOMIC GOODS
An imperfect satisfaction of needs leads to the stunting of our nature. Failure to satisfy them brings about our destruction. But to satisfy our needs is to live and prosper. Thus the attempt to provide for the satisfaction of our needs is synonymous with the attempt to provide for our lives and well-being. It is the most important of all human endeavors, since it is the prerequisite and foundation of all others.
THE THEORY OF VALUE
If the requirements for a good, in a time period over which the provident activity of men is to extend, are greater than the quantity of it available to them for that time period, and if they endeavor to satisfy their needs for it as completely as possible in the given circumstances, men feel impelled to engage in the activity described earlier and designated economizing. But their perception of this relationship gives rise to another phenomenon, the deeper understanding of which is of decisive importance for our science. I refer to the value of goods.
