Accreditation Accounting & Finance
Accreditation Accounting & Finance
Accreditation Accounting & Finance
A. INSTRUCTIONS
ROCKVIEWUNIVERSITY
1
C. CRITERIA FOR ACCREDITATION OF HIGHER EDUCATION LEARNING
PROGRAMMES
C1. Introduction
Applicants for Accreditation of Higher Education Learning Programmes under the Higher
Education Act No. 4 of 2013 are required, under Part IV, Section 20(h), to provide
information on the Learning Programmes which the Higher Education Institution wishes to
offer.
The Bachelor of Arts with Accounting and Finance program exposes students to
comprehensive reading, academic research, analytical, constructive and critical thinking skills
hence able to fit in any labor market such as Business, Investment, Economics, Banking and
Accounting.
In addition, the programme enables students to acquire the necessary knowledge, skills and
dispositions necessary to deal with the conflicting ideas in society. Therefore, it is designed to
produce students that are well informed, responsible and have participatory skills in political
life, in conducting various academic research works, and also committed to the fundamental
values and principles of Zambia’s constitutional democracy.
The aim of the programme is to impart critical thinking and innovative skills to the students
which will enable them to contribute effectively to national development.
C2.2.1Curriculum
The programme structure for the Bachelor of Arts with Accounting and Finance will be as
follows.
YEAR 1MAJORS AND MINORS
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1. ACC411: Corporate Reporting and Financial Analysis
2. ACC415: Strategic Management
3. D411: Dissertation
4. BF412: Corporate Finance
5. BF414: Lease and Project Financing
6. BF417: Financial Management
7. HRM417: Corporate Governance and Business Ethics.
TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
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Aim: To help Students learn how to convey information—and the understanding of that
information—from one person or group to another person or group.
This communication process is divided into three basic components: A sender transmits a
message through a channel to the receiver.
Learning Objectives
Having successfully done this course, students should be able to:
Monitor and critically reflect on these communication skills, adapting the strategy as
necessary, to produce the quality of outcomes required
Evaluate this overall strategy and present outcomes.
TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
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Use demand and supply to make predictions about changes in prices and quantities.
Explains how demand and supply curve obtained.
Explains how prices and output in an industry are determined, and why firm enter and
leave the industry.
Defines and calculate the elasticity of demand and supply, and explain the factors that
influence the elasticity of demand and supply.
Describe and distinguish between different types of markets.
Defines perfect competition market.
Defines monopoly and monopolistic competition markets.
Defines oligopoly and duopoly markets.
TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
AIM
This course aims to Improve Understanding - From the knowledge of principles managers get
indication on how to manage an organization. The principles enable managers to decide what
should be done to accomplish given tasks and to handle situations which may arise
in management. These principles make managers more efficient.
LEARNING OUTCOMES
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ASSESSMENT STRUCTURE:
LEARNING OUTCOMES:
Upon completing requirements for this course, the student will be able to:
A. Identify the basic elements required in a computer system.
B. Produce electronic documents using various software applications.
C. Have knowledge on how to protect the computers (software and hardware)
D. Illustrate the role of the computer for personal and professional uses.
ASSESSMENT:
4 Assignments, 20%
2 Tests, 20%
1 presentation and an end of term exam 10%
LEARNING OUTCOMES
Define marketing
Identify evidence of marketing in everyday life
Demonstrate a clear understanding of the marketing concept
Describe the role of marketing in building and managing customer relationships
Describe how different types of organizations, such as nonprofits, consumer product
(B2C) firms and business-to-business (B2B) organizations, use marketing
Explain how marketing creates value for the consumer, the company, and society
Explain why the customer is the cornerstone of marketing.
Briefly explain the concepts of segmentation and targeting.
Describe the marketing mix.
Explain how organizations use the marketing mix (often called the four Ps) to market to
their target customers.
ASSESSMENT STRUCTURE:
YEAR 2
ACC 213: PRINCIPLES OF TAXATION
AIM
The aim of studying principles of Taxation is to provide students with an understanding of
the general principles of taxation from a multidisciplinary perspective: legal, political, social
and economic. ... They will study communitarian and libertarian approaches to the right of
the state to tax.
COURSE OBJECTIVES
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Calculate tax liabilities for individuals, businesses and companies
Calculate and account for VAT and Customs and Excise Duties
Identify and respond appropriately to ethical issues arising in the course of performing
tax work
CONTINUOUS ASSESSMENT
COURSE AIM
This course is aimed at equipping students with knowledge in management of inflation or
unemployment, and maintenance of currency exchange rates. Pegged Exchange Rates
Foreign currency exchange rates measure one currency's strength relative to another..
OBJECTIVES
By the end of this course, students shall be able to: -
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Describe the financial system.
Elucidate the market in which money is created: the money market.
Discuss the significance of the interbank markets in money creation.
TEACHING METHODS
ASSESSESSMENT STRUCTURE
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Aim: This course introduces students to based on research, data collection, and data analysis,
advise a company's management on the most financially efficient means of growing the
company's business and profits.
Learning Objectives
Having successfully done this course, students should be able to:
Understand the relevance of financial planning and analyzing to financial statements.
Understand how financial statements can help financial planners choose the most
profitable product line or service.
State How budgeting helps in forecasting Company’s future financial performance
Explain what scenario planning is.
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
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Final examination 50%
Explain how the main macroeconomics aggregates are calculated and their
main limitations.
Describe the behavior of the economy in the long run. In particular, explain
how national income, inflation and unemployment are explained by the
classical model.
Explain what determines economic growth.
Explain the Solow growth model.
Describe the golden rule level of capital.
Use the Solow growth model to compare economic growth across countries.
Explain the endogenous growth theory.
Use growth accounting to determine the sources of economic growth.
Describe the behavior of the economy in the short-run. In particular, explain
how national income, inflation, and unemployment are explained by the IS-
LM model.
Explain the role of fiscal and monetary policies in the IS-LM model.
Explain the aggregate demand (AD) and aggregate supply model (AS).
Describe the main theories of consumption.
Describe the main theories of investment.
Explain the current debate on macroeconomic policies.
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 5%
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1 peer teaching 5%
Aim: The purpose of this course is to help students understand the behavior of individuals
and firms to interpret how they make decisions given the scarcity of resources.
Learning Objectives
Having successfully done this course, students should be able to:
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
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BUSD 211: ENTREPRENUERSHIP AND INNOVATION
Learning Objectives
TEACHING METHOD
Three hour lectures per week
One hour tutorials individual presentations per week
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
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MKT 211: BUSINESS LAW
Aim: The aim of this course is to develop in the student an awareness of legal principles
involved in economic relationships and business transactions and to develop in the student an
understanding of the free enterprise system and the legal safeguards of the same.
Learning Objectives
Having successfully done this course, students should be able to:
Demonstrate knowledge of basic court procedures
Demonstrate understanding of the nature of tort law, including business torts
Demonstrate how criminal law relates to business
Demonstrate recognition of intellectual property Identify how computer law affects
business Analyze the nature and terminology of contract law
Demonstrate recognition of the requirements of the contract agreement
Demonstrate understanding of contract consideration and capacity
Demonstrate recognition of the genuineness of assent in contract formation.
Demonstrate understanding of legality and Statute of Frauds in contracts
Identify contract remedies
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 5%
1 peer teaching 5%
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YEAR 3
ACC 311: PUBLIC SECTOR ACCOUNTING – Full Course
Aim: This course aims to explore the theory and practice of public sector accounting,
covering topics such as budgeting, accounting, auditing and finance of not-for-profit
organizations. Students will be able to understand and apply key requirements of the
International Public Sector Accounting Standards (IPSAS) to specific areas of public sector
accounting. The module will also highlight the differences and similarities between
accounting for profit and not-for-profit organizations as provided for in IPSAS and
International Financial Reporting Standards (IFRS).
Learning Objectives
Having successfully done this course, students should be able to:
Apply basic principles of accounting to a public sector environment.
Explain the differences and similarities between public sector and private sector
accounting
Understand the assumptions underlying project analysis in the public sector and be
able to apply different investment analysis methods to public goods and services
TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments20%
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2 Tests 20%
1 Presentation 10%
Final examination 50%
Aim: This course aims at equipping students with knowledge in auditing as an important tool
to ensure the business's financial records are accurate and in accordance with applicable rules
(including accepted accounting standards), regulations, and laws.
Learning Objectives
Having successfully done this course, students should be able to:
1. Distinguish between Auditing and Accounting
2. Explain the importance of Auditing in reducing Information Risk.
3. List the Causes of Information Risk and explain how this can be reduced
4. Describe assurance services and distinguish Audit services from Assurance services
5. Discuss the need for an independent or external Auditor
6. Explain the Three types of Auditing
7. Explain the Five components of Internal Controls
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
Aim: Its aim is to provide students with knowledge about some of the processes and
technologies that enable the effective and efficient use of organizational resources and to
develop individuals with the required commitment, skills and competencies for working
towards shared meaningful objectives within an organisation
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Learning Objectives
Having successfully done this course, students should be able to:
2. Analyze the link between organizational structure, strategy and planning and
management accounting and control systems;
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
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ACC 314: COST AND MANAGEMENT ACCOUNTING
Learning Objectives
Having successfully done this course, students should be able to:
Explain the relationship between cost accounting-financial accounting and managerial
accounting.
Explain the concept of management accounting.
Explain the importance of management accounting for businesses.
Do Cost-Volume-Profit analysis.
Explain fixed, variable, semi-fixed and semi-variable cost concepts.
prepares budgets
do standard variation analysis through standard costs
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
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INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT CODE: BF 312
Aim: is to help students understand why entrepreneurs and practitioners need to understand
the investments field as it is currently understood and practiced for
sound investment decisions making.
Learning Outcomes
By the end of this course, students should be able to:
Use time value of money methodology.
Determine the cost of capital.
Have the knowledge and skills to analyze companies for investment purposes.
Adjust financial statements for valuation purposes.
Use adjusted financial statements to produce a sound valuation of a company.
Have the knowledge and skills to develop portfolio strategies for individual and
institutional investors.
Develop investment policy statements for institutional and individual investors.
Develop an appropriate portfolio for a given investor and market conditions.
Have the knowledge and to operate ethically as investment management
professionals.
Understand and apply ethical standards in the investment profession
TEACHING METHODS
Three lecture hours per week
One-hour tutorial per week
ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
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BF 313: FINANCIAL RISK MANAGEMENT
Aim: This course aims at making students learn modern techniques for managing financial
risks.
Learning Objectives
Having successfully done this course, students should be able to:
demonstrate knowledge of the range of financial and financial related risks facing
organisations.
understand the approach to risk
management through risk identification, risk measurement and risk management (or
mitigation)
understand reputational risk.
Understand operational risk and how to manage it.
ASSESSESSMENT STRUCTURE
Aim: This course aims at providing students with practical knowledge and skills necessary
for managing works in the industry for both quantitative and qualitative data. This is done by
attaching a student to one of the companies in the industry for him to gain practical
experience
Learning Objectives
Having successfully done this course, students should be able to:
Gain understanding of workplace expectations and professional ethics;
– Take advantage of invaluable guidance from skilled supervisors; –
Build a network of professional and personal contacts; –
Better explore and pursue their personal and career development.
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ASSESSMENT STRUCTURE
Practical Experience 25%
Report 25%
Final exam 50%
Aim: This course aims at providing students with knowledge and skills necessary for
conducting academic research works for both quantitative and qualitative data. This enables
students to effectively explore and discover facts about their field of study which is
accounting and Finance
Learning Objectives
Having successfully done this course, students should be able to:
1. Acquire knowledge on how to carry out a research
ASSESSMENT STRUCTURE
Research proposal 25%
Report 25%
Final exam 50%
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Year 4
Analyze a company from the perspective of an equity analyst interpreting the financial
statements.
Interpret accounting numbers correctly from the financial statements, notes to the
accounts and other disclosures, of the financial position and performance of a company.
Assessment
Course work
2 assignments 40%
1 test 10%
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Examinations 50%
COURSE AIM
This course is aimed at assisting individual students ensure they are up to date on the latest
business growth strategies as well as on the newest tools for strategic planning models.
OBJECTIVES
By the end of this course, students should be able: -
TEACHING METHODS
Three lecture hours per week
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One-hour tutorial per week
ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
COURSE AIM
OBJECTIVES
By the end of this course, students should be able to do the following in writing their
Dissertation:
TEACHING METHODS
Three lecture hours per week
One-hour tutorial per week
ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
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CORPORATE FINANCE: BF 412
COURSE AIM
To help student understand how Shareholder wealth can be maximized through the
application of short-term and long-term strategies that assist companies in obtaining new
funds either from equity or debt sources.
OBJECTIVES
By the end of this course, students should be able to:
TEACHING METHODS
Three lecture hours per week
One-hour tutorial per week
ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
COURSE AIM
OBJECTIVES
By the end of this course, students should be able to:
Identify projects that meet the essential criteria for a project financing
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Know how to create the structure for a basic project financing.
Identify and describe the operational, financial, and tax objectives that motivate
leasing.
Explain why some leases constitute lease agreements and some represent
purchases/sales accompanied by debt financing
Explain the basis for each of the criteria and conditions used to classify leases
Record all transactions associated with operating leases by both the lessor and lesse.
Describe and demonstrate how both the lessee and lessor account for a capital lease
Describe and demonstrate how the lessor accounts for a sales-type lease.
TEACHING METHODS
Three lecture hours per week
One-hour tutorial per week
ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
COURSE AIM
Helping the Student understand how the cost of finance can be reduced. Ensuring sufficient
availability of funds. Also, dealing with the planning, organizing, and controlling of financial
activities like the procurement and utilization of funds.
OBJECTIVES
By the end of this course, students should be able to:
TEACHING METHODS
Three lecture hours per week
One-hour tutorial per week
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ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
COURSE AIM
Enable students understand the framework and general principles of ethical behavior, how
they may be applied in the work environment and the role good corporate governance in
achieving the organization’s objectives.
OBJECTIVES
By the end of this course, students should be able to:
TEACHING METHODS
Three lecture hours per week
One-hour tutorial per week
ASSESSESSMENT STRUCTURE
Continuous Assessment 50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final Exam 50%
Framework
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ZQF level: 7
At this level the graduate will acquire a Bachelors Degree.
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applying evidence-based solutions and arguments within the fields of Accounting
and Finance
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EC 213 Intermediate Micro 3 11 1 11 33 132
economics
YEAR 3
ACC 311 Public Sector 2 11 2 11 22 88
Accounting
ACC 312 Auditing 3 11 1 11 33 132
ACC 313 Advanced 3 11 1 11 33 132
Management
Accounting
Decision &
Performance
Management
ACC 314 Cost & 3 11 1 11 33 132
Management
Accounting
BF 312 Investment 3 11 1 11 33 132
Analysis &
Portfolio
Management
BF 313 Financial Risk 1 11 3 11 11 132
Management
ATT 400 Industrial 3 11 1 11 33 132
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Attachment
RPW 311 Proposal Writing 3 11 1 11 33 132
Year 4
ACC 411 Corporate 3 11 1 11 33 132
Reporting &
Financial Analysis
HRM 415 Strategic 3 11 1 11 33 132
Management
D 411 Dissertation 3 11 1 11 33 132
BF 412 Corporate Finance 3 11 1 11 33 132
BF 414 Lease & Project 1 11 3 11 11 132
Financing
BF 417 Financial 3 11 1 11 33 132
Management
HRM 417 Corporate 3 11 1 11 33 132
Governance &
Business Ethics
TOTAL
3872 HOURS
Course Reference
Number
Name of Learning Programme
BA HU (Accounting and Finance)
Assessment
Methods of Assessments, validation and Security. Arrangements for Assessments of
Dissertations and Thesis in Post-Graduate Programmes.
Students are assessed using the following methods
1. Presentations
To ensure that students have understood concepts of the courses, they are required to
conduct oral presentations at least once in every term and this assessment is 10% of the
final grade.
2. Assignments
Students will be subjected to four assignments per year in every course with 20%
weight of the final grade.
3. Tests
Students will be subjected to 2 tests carrying
20% of the final grade
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4. Exams
Students will sit for an examination at the end each of course.
50% of the final grade.
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Evidence and is sufficient, valid, authentic and current; and
5. The assessment system will be consistent with the Training and Assessment Policy
Procedure
Principles of Assessment
Training and assessment. Staff members must ensure that assessment tools and processes are
valid, reliable, flexible and fair. To confirm the validity of an assessment, assessors ensure
that:
1. All assessment tasks:
Are thoroughly mapped against the entire requirements of the unit of
competency in ZQF;
Cover the broader range of skills and knowledge that are essential to job
performance; and
Are demonstrated in documented form;
2. Assessment tools are designed to include integration of knowledge and skills
assessment into a cohesive task performance which the student could repeat in the
workplace in similar situations; and
3. The assessment tools which a student is required to complete to be deemed competent
in a unit of competency are clearly detailed with no ambiguity around the requirements
of competence.
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assessment;
3. Inform the student fully regarding the assessment process:
4. Confirming that they understand the assessment process;
5. Confirming that they can participate in the assessment process;
6. Confirming that they agree to an appropriate assessment process; and
7. Inform the student of how to challenge the assessment result under the AIWT’s
Complaints and Appeals Procedure and be reassessed if necessary.
To confirm flexibility, trainers and assessors must ensure that the assessment:
1. Reflects the student’s ongoing professional development intentions and
employment requirements;
2. Is appropriate to the student’s current level of competency, including offering a
specific assessment where it would be most suitable and National Recognition
where students have already been formally certified in units or qualifications; and
3. Drawing from a range of assessment methods and using those that are appropriate
to the context, the unit of competency and associated assessment requirements and
the individual.
Rules of Evidence
Here, assessors must ensure that assessment evidence is sufficient, valid, authentic and current.
The rules of evidence are provided for when the assessment process is being designed, which
will take place in advance of assessment of any student. The mapping document for the unit of
competency in question details how the assessment process ensures that the evidence generated
through assessment is sufficient, valid, authentic and current.
The responsibility of the assessors is to ensure that all assessment tools detailed in the mapping
document and the training and assessment strategy are implemented exactly as they are
designed. This ensures that the rules of evidence are met.
Assessors must moderate assessment processes and outcomes against the same unit(s) of
competency regularly and in accordance with the Moderation Policy and Procedure. Assessors
must integrate assessment moderation within the continuous improvement cycle and in
accordance with the Management Systems Procedure and the Continuous Improvement of
Training and Assessment Procedure
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Programme Reference
Number
Name of Learning Programme BA HU (Accounting and Finance)
Staff
Numbers and Qualifications f Staff for the Programme, including the balance between Full-Time
and part-Time Staff. (Please attach Curriculum Vitae of all Staff on this Programme)
Academic Staff :
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C2.5 Facilities for Programme Delivery (Facilities provided and available for teaching,
learning and research)
1. Internet; students are able to access information for academic and other purposes.
2. Fully stocked up to date Library for learners and Staff Members to research.
3. Availability of study materials such as Modules, student tool kit among others
4. Video projectors in lecture rooms.
5. Academic symposiums are arranged for students.
6. Spacious and Conducive lecture rooms for learning.
Programme Committee
The Programme Committee will meet once each Term. Minutes of these meetings will be
used to complete an end of year review. The Committee will also be responsible for
consideration of major issues arising from Assessment Boards and feedback from the Student
Evaluation Survey.
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The Programme Committee has the final authority on academic matters relating to the
development and direction of all Programmes. The Committee is responsible for carrying out
the following functions.
Developing, reviewing and monitoring the aims, objectives and operations of
the Programme
Formulating and standardising assessment policies relating to the development
and administration of the Programme
Evaluating reports from the Assessment Board and taking appropriate actions
Submitting reports to external bodies
The membership of this Committee includes
Vice Chancellor
Deputy Vice Chancellor
Registrar Academics
Executive Dean
Examination Coordinator
Heads of Department
Student Representative
Programme Team Meetings
The Programme Team, comprising the Head of Department and Course Tutors will meet
prior to each Intake and once during each term, or as and when required. Such meetings will
deal with various aspects of Programme provision, including:
On-going monitoring of the Programme, including responding to student
feedback
Review of student attendance and performance
Review of recruitment in relation to targets and drop-out rates
Consideration and modification of Programme marketing strategies
Implementation of the action agenda produced in the annual (AME)
Programme Report
Programme Monitoring and Evaluation
Programme is continually monitored at two levels, one involving a short feedback loop and
the other a long feedback loop.
The short feedback loop involves the Programme Team responding quickly to issues arising
on a day-to-day/week-to-week basis. Issues and responses are recorded in Team meeting
minutes and any action agenda arising. The issues may be raised by individuals, groups,
Student Representatives or staff.
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The long feedback loop involves a more formal review by the Programme Committee. This
will involve longer term planning culminating in the Annual Monitoring and Evaluation
(AME) Report.
Student feedback is a key element in evaluating the success of the programme. Student
comments are noted as they are presented and actioned in relation to the short feedback loop.
A more formal mechanism for securing student feedback on the programme will be via
Student Satisfaction Surveys issued at the end of the delivery for each course. Such feedback
is presented to the Programme Committee for discussion.
Staff Development and Recruitment Strategy
All members of staff associated with the Diploma are experienced in teaching and assessing
at the undergraduate level within their respective subjects and / or the broader aspects of
taught undergraduate study. This experience has been gained from their prior employment
within higher education; and from their long standing membership of professional bodies and
/ or their professional backgrounds.
The general staff development strategy will be adopted within the constraints of available
resources. Strategy may be benchmarked against appropriate good practices which have been
successfully applied at other institutions
The staff development strategy is broadly aimed at:-
Enhancing the Learning Environment which supports the delivery of the
portfolio of Programme offered by the college in its on-campus
provision, at its overseas campuses and partner campuses, and in future areas
and modes of development
Providing a coherent framework for the development of faculty and support
staff particularly in supporting and enhancing the delivery of the portfolio
and in responding to student learning and teaching requirements and
educational developments
Supporting and maintaining the currency of approaches taken towards
Learning and Teaching and programme delivery requirements, to
programme-portfolio content and its relevance, to pedagogy and learning
philosophy, and to the development of scholarship and research approaches
which are pertinent to the aims and objectives of its Programme and overall
portfolio.
The following steps outlined below will be adopted by Rockview University within the
constraints of available resources.
All staff engaged with the programme will be encouraged to engage in
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research, higher degree work and other scholarly activity appropriate to their
own personal stage of development. At the current time all members of the
core teaching team are engaged in Continuing Professional Development.
All staff engaged on the programme will be encouraged to participate in at
least one other course with two objectives in mind: to allow them to expand
their own understanding of the subject and to promote vigorous debate and
discussion within the participant group.
All members of the teaching team will be encouraged to join where they have
not done so scholarly or professional associations pertinent to the
Programme.
Rockview University will ensure all members of staff associated with the Diploma will be
experienced with teaching and assessing at undergraduate level. This experience will have
been gained from their employment, teaching and professional experience.
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Programme.
Tuition fees are the major source of revenue for the university. The institution receives
payments from over 5000 students enrolled in various programmes. As a result the
university has a constant income throughout the year. Judging from the experience, we can
confidently say that the tuition fees we receive can sustain the institution.
Additionally, the institution has initiated projects to supplement tuition fees. It has engaged
into farming and is currently running two secondary schools in Isoka, Choma, katete and
Luwingu in order to generate extra income.
OTHER INFORMATION
1.1 Delivery and learning methods
Learner centered( E.g Discovery method, Field trip)
Teacher centered
Question and answer
3.2 Acceptability
1. Learners
2. Teachers
3. Curriculum managers and administrators (Principals)
4. Parents
5. Community organizations
6. The government
C3.2.2 the actual or likely interests of these stakeholders in respect of the proposed
qualifications are clearly identified
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Learners or students are the reason schools exists, thus it is the schools’ responsibility to
further develop the learners knowledge, skills, talents and attitude to face the different
situations in life.
2. Teachers
Teachers are empowered to develop their own curricula taking into consideration their own
expertise, the context of the school and the abilities of the learners or students. Teachers also
play a role of an implementer such as guiding, facilitating and directing activities to be done
by the students.
3. Curriculum Managers And Administrators Or School Principals
They supervise the curriculum implementation, select and recruit new teachers, admit
students, and procure equipment and materials needed for effective learning.
4. Parents As Supporters Of The Curriculum
Parents are responsible for their child’s education and the success of the curricula would
somehow depend on their support in that parental involvement in school affairs is linked to
parental educational programs which are central to high quality education.
5. Community Members As Curriculum Resources
The community and materials in the existing local community can be substitute for what is
needed to implement the curriculum
6. The Government
Department of Education (Dept. of Edu)
Its role is to ensure that the organization focuses on the delivery of a relevant, responsive and
effective basic education.
Commission on Higher Education (CHED)
Its role is to formulate and recommend development plans, policies, priorities and
programmes on Higher Education.
C3.3 Relevance
C3.3.1 assesses the importance and applicability of the qualification to the workforce and
other stakeholder needs.
Accounting and Finance as a program enables students to acquire the necessary knowledge,
skills and dispositions necessary to deal with the conflicting ideas and challenges in society.
It is designed to produce students that are well informed, responsible and have participatory
skills in political life committed to the fundamental values and principles of Zambia’s
constitutional democracy. In dynamic field of study, the programme caters for other aspects
such as service learning which calls for co-operation among people in society as they aim at
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achieving certain goals thereby fostering individual and national development. Furthermore,
formal instruction in Accounting and Finance aims at providing students with basic
understanding of Business world, politics, and government. This helps them understand the
workings of their own and other political systems as well as the relationship of Zambia‘s
politics and government to world affairs and provides the basis for understanding the rights
and responsibilities of citizens in Zambia’s constitutional democracy and a framework for
competent and responsible participation. Apart from becoming an Accountancy and Finance
teacher/lecturer, the programme enables students to have greater chances of being employed
in other social science sectors such as in Embassy, Courts, Parliament, Banks and many other
good sectors.
C3.4 Regulations
C.3.4.2 Examinations
End of term tests
Promotion exams at the end of each year i.e., first year, second year, third year
Final exams at the end of forth year. Each student is supposed to clear all the courses
before writing the final exams. A student who fails to clear the courses for each year
is given deferred exams.
C.3.4.3 Progression
Students should clear all the Courses before proceeding to another level. They should
get 40% as a pass mark
40-55% Pass
C3. DECLARATION
I WITNESS
……………………………………………
……………………………………………
…… confirm that the information I have
…………………………………………….
given in the
Nam
Application Form is true.
e
Signed:
……………………………
…………………………………………… ……………………………
……………………………… ……………………………
Nam …..
e
Signa
…………………………… ture
……………………………
………………… ……………………………
Signature ……………………………
……………………………
…………………………… ……
…………………………… Date
…………………
Date
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Page 50 of 112
Appendix 1
Course Description
APPENDIX 1: COURSE OUTLINES
YEAR ONE
Aim: This course aims at introducing students to key concepts of Financial Accounting and
its importance to the Accounting and Business studies.
Learning Outcomes
Having successfully done this course, students should be able to:
Define Book Keeping
Explain the general purposes and functions of Accounting
Explain the differences between Management and Financial Accounting
Describe the main elements of Financial Accounting Information: Assets,
Liabilities, Revenue and Expenses.
Identify the main Financial Statements and their Purposes
Content
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o Introduction: The Accounting Cycle
o The Accounting Cycle
o Accounts, Journals, Ledgers, and Trial Balance
o General Rules for Debits and Credits
o Journal Entries
o Posting to the General Ledger
o Preparing a Trial Balance
o Debit and Credit Review
o The Accrual Basis and Cash Basis of Accounting
o Classes and Types of Adjusting Entries
o Adjusting for Accrued Items
o Adjusting for Deferred Items
o Preparing an Adjusted Trial Balance
o Preparing Financial Statements
o Closing Entries
o Accounting in the Headlines
o Glossary: Completing the Accounting Cycle
o Merchandising Business
o Merchandise Inventory
o Buyer Entries under Perpetual Method
o Seller Entries under Perpetual Inventory Method
o Buyer Entries under Periodic Inventory System
o Seller Entries under Periodic Inventory Method
o Glossary: Accounting for a Merchandising Enterprise
o Adjusting Entries for a Merchandising Company
o Merchandising Financial Statements
o Journalizing Closing Entries for a Merchandising Enterprise
o Impacts of Inventory Errors on Financial Statements
o Accounting in the Headlines
o Merchandise Inventory
o Inventory Methods for Ending Inventory and Cost of Goods Sold
o Methods Under a Periodic Inventory System
o Effects of Choosing Different Inventory Methods
o Lower of Cost or Market Rule
o Internal Control Issues and Procedures for Inventory
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o Principles of Accounting Systems
o Special Journals
o Subsidiary Ledgers and Control Accounts
o Internal Control and Accounting System Design
o Accounting in the Headlines
o Internal Control Structure
o Cash and Internal Control
o Preparing a Bank Reconciliation
o Petty Cash
o Accounting in the Headlines
o Receivables
o Subsidiary Ledgers and Control Accounts
o Direct Write-Off and Allowance Methods
o Estimating Bad Debts
o Accounting for Credit Card Sales
o Accounting for Notes Receivable
o Long Term Assets
o Entries for Cash and Lump-Sum Purchases of Property, Plant and Equipment
o Methods for Computing Depreciation
o Computing Book value
o Asset Disposal
o Journalize Entries for Trade-In of Similar Assets
o Natural Resources and Depletion
o Journalizing Adjusting Entries for Depletion
o Intangible Assets
o Accounting for Current Liabilities
o Entries Related to Notes Payable
o Accounting for Contingent Liabilities
o Recording Transactions Related to Product Warranties
o Payroll Accounting Defined
o Payroll Accounting Entries
o Sole Proprietorships and Partnerships
o Journal Entries for Partnerships
o Changes to the Partners
o Corporations
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o Common and Preferred Stock
o Journal Entries to Issue Stock
o Treasury Stock
o The Stockholder's Equity Section of the Balance Sheet
o Retained Earnings: Entries and Statements
o Entries for Cash Dividends
o Stock Dividends and Splits
o Items Reported on a Corporate Income Statement
o Long-Term Financing
o Recording Entries for Bonds
o Redeeming Bonds Payable
o Capital Leases and Operating Leases
o Accounting for Investment in Bonds
o Investment of Stocks in Other Corporations
o Cost Method
o Equity Method
o Consolidated Financial Statements
o The Statement of Cash Flows
o Direct and Indirect Methods for Preparing a Statement of Cash Flows
o Cash Flows From Investing and Financing
o Preparing a Statement of Cash Flow
o Accounting in the Headlines
o Analyzing Comparative Financial Statements
o Calculating Trend Percentages
o Common-Size Financial Statements
o Calculate Ratios That Analyze a Company's Short-Term Debt-Paying Ability
o Ratios That Analyze a Company's Long-Term Debt Paying Ability
o Ratios That Analyze a Company's Earnings Performance
o Ratio Summary
o Sole Proprietorships and Partnerships
o Journal Entries for Partnerships
o Changes to the Partners
1. TEACHING METHOD
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Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
REFERENCES
RECOMMENDED BOOKS
Howard Schilit. Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in
Financial Reports
Carl S. Warren. Financial Accounting
J.R Monga. Basic financial accounting
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Monitor and critically reflect on these communication skills, adapting the strategy as
necessary, to produce the quality of outcomes required
Evaluate this overall strategy and present outcomes.
Content
1. Meaning of Communication Skills
2. Code and Content of Communication Skills
3. Stimulus and Response of Communication Skills
4. Effective Speaking Guidelines
5. Pronunciation Etiquette of Communication Skills
6. Phonetics in Communication Skills
7. A Self-Assessment of Communicating Soft Skills
8. Closing Tips on Improving Speaking Skills
2. TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
REFERENCES
RECOMMENDED READINGS
Jay Sullivan. Communicating Better at Work and Beyond
Robert Bolton. How to Assert Yourself, Listen to Others, and Resolve Conflicts
Keith Coleman. How to Enjoy Conversations, Build Assertiveness, & Have Great
Interactions for Meaningful Relationships (Speak Fearlessly)
Kerry Patterson Tools for Talking When Stakes Are High, Second Edition
Robert Cunningham. Tips on How to Improve Your Social Skills and Interact with Others
Effectively
Aim: To introduce the tools used by economists to analyze patterns of international trade and
to study international trade policy. We will consider the main models of international trade as
well as empirical tests of these models.
Learning Objectives
Having successfully done this course, students should be able to:
Define what is Economics, and the basic economic problem.
Defines economics, and distinguish between microeconomics and macroeconomics.
Explains how do choice end up determining what, how and for whom goods and
services get produced.
Absorbs the economic way of thinking.
Use demand and supply to make predictions about changes in prices and quantities.
Explains how demand and supply curve obtained.
Explains how prices and output in an industry are determined, and why firm enter and
leave the industry.
Defines and calculate the elasticity of demand and supply, and explain the factors that
influence the elasticity of demand and supply.
Describe and distinguish between different types of markets.
Defines perfect competition market.
Defines monopoly and monopolistic competition markets.
Defines oligopoly and duopoly markets.
Content
What is Economics!
Choice in a World of Scarcity
Demand and Supply
Labor and Financial Markets
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Elasticity
Consumer Choices
Cost and Industry Structure
Perfect Competition
Monopoly
Monopolistic Competition and Oligopoly
Monopoly and Antitrust Policy
Environmental Protection and Negative Externalities
Positive Externalities and Public Goods
Poverty and Economic Inequality
Issues in Labor Markets: Unions, Discrimination, Immigration
Information, Risk, and Insurance
Financial Markets
Public Economy
The Macroeconomic Perspective
Economic Growth
Unemployment
Inflation
The International Trade and Capital Flows
The Aggregate Demand/Aggregate Supply Model
The Keynesian Perspective
The Neoclassical Perspective
Money and Banking
Monetary Policy and Bank Regulation
Exchange Rates and International Capital Flows
Government Budgets and Fiscal Policy
The Impacts of Government Borrowing
Macroeconomic Policy Around the World
International Trade
Globalization and Protectionism
3. TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
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RECOMMENDED BOOKS
Adair, John. Effective Communication. London: Pan Macmillan Ltd., 2003.
Ajmani, J. C. Good English: Getting it Right. New Delhi: Rupa Pubications, 2012.
Amos, Julie-Ann. Handling Tough Job Interviews. Mumbai: Jaico Publishing, 2004.
Bonet, Diana. The Business of Listening: Third Edition. New Delhi: Viva Books, 2004.
Bovee, Courtland L, John V. Thill & Barbara E. Schatzman. Business Communication
Today: Tenth Edition. New Jersey: Prentice Hall, 2010.
Brown, Michele & Gyles Brandreth. How to Interview and be interviewed. London: Sheldon
Press, 1994.
Carnegie, Dale. The Quick and Easy Way to Effective Speaking. New York: Pocket Books,
1977.
Collins, Patrick. Speak with Power and Confidence. New York: Sterling, 2009.
Fensterheim, Herbert and Jean Baer. Don't Say Yes When You Want To Say No. New York:
Dell, 1975.
Fitikides, T. J. Common Mistakes in English. London: Orient Longman, 1984.
Guffey, Mary Ellen. Essentials of Business Writing. Ohio: SouthWestern College Pubg.,
2000.
Hall, Edward, T. Beyond Culture. Garden City, N.Y.: Doubleday, 1976.
Hall, Edward, T. The Silent Language. Greenwich, Conn,: Fawcett, 1959.
BUSINESS MATHEMATICS
Aim: This course introduces students to the financial formulas, fractions; measurements
involved in interest calculation, hire rates, salary calculation, tax calculation etc. which help
complete business tasks efficiently. Business mathematics also includes statistics and
provides solution to business problems.
Learning Objectives
Having successfully done this course, students should be able to:
Reconcile and analyze various banking statements and services;
Solve a variety of interest formulas and calculate payroll;
Utilize correctly the mathematics of buying and selling;
Utilize calculations to analyze investments, business and consumer loans, and charge
accounts;
Content
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Basic concepts
Dimension and basis of Rn
Euclidian scalar product
Matrices 11
Matrices as linear mappings
Basic concepts
Matrix multiplication
Systems of linear algebraic equations
Basic concepts
Gaußian elimination
Rank of a matrix
Solution criteria
Inverse of a regular (n×n)-matrix
Outlook
Leontief’s input–output matrix model
General considerations
Input–output matrix and resource consumption matrix
Input–output matrix
Resource consumption matrix
Stationary linear flows of goods
Flows of goods: endogenous INPUT to total OUTPUT
Flows of goods: exogenous INPUT to total OUTPUT
Linear programming
Exposition of a quantitativeproblem
Graphical solution method
Dantzig’s simplex algorithm
Elementary financial mathematics
Arithmetical and geometrical sequences and series
Arithmetical sequence and series
Geometrical sequence and series
Interest and compound interest
Redemption payments in constant annuities
Pension calculations
Linear and declining-balance depreciation methods
Linear depreciation method
Declining-balance depreciation method
Summarising formula
Differential calculus of real-valued functions
Real-valued functions
Polynomials of degree n
Rational functions
Power-law functions
Exponential functions
Logarithmic functions
Concatenations of real-valued functions
Derivation of differentiable real-valued functions
Common functions in economic theory
Curve sketching
Analytic investigations of economic functions
Total cost functions according to Turgot and von Th¨unen
Profit functions in the diminishing returns picture
Extremal values of rational economic functions
Elasticities
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Integral calculus of real-valued functions
Indefinite integrals
Definite integrals
Applications in economic theory
4. TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
RECOMMENDED
Andre Francis 1998. Business Mathematics and Statistics.
Gary Clendenen, Business Mathematics.
Allan Bluman. Business Math Demystified
Eugene DonSchaum’s Outline of Basic Business Mathematics
Nelda R. Roueche, Virginia Graves and Micheal D. Tuttle, Business Mathematics
Jack Cain, Robert A. and Carman Emeritus.Mathematics for Business Careers
PRINCIPLES OF MANAGEMENT
AIM
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This course aims to Improve Understanding - From the knowledge of principles managers get
indication on how to manage an organization. The principles enable managers to decide what
should be done to accomplish given tasks and to handle situations which may arise
in management. These principles make managers more efficient.
LEARNING OUTCOMES
5. TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
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Final examination 50%
REFERENCES
PRISCRIBED READINGS
C. Shannon and W. Weaver, The Mathematical Theory of Communication, University of
Illinois Press, 1948.
R. E. Quinn, S. R. Faerman, M. P. Thompson, M.R. McGrath, and D. S. Bright, Becoming a
Master Manager, Sixth edition, Wiley, 2015, Page 48.
G.A. Steiner. 1969. Top management planning. London: Macmillan, 6–7.
INTRODUCTION TO COMPUTERS
LEARNING OUTCOMES:
Upon completing requirements for this course, the student will be able to:
A. Identify the basic elements required in a computer system.
B. Produce electronic documents using various software applications.
C. Have knowledge on how to protect the computers (software and hardware)
D. Illustrate the role of the computer for personal and professional uses.
Content
Introduction to Computers
Getting Started
Windows 10 Operating
Windows Explorer
Files and Programs
Creating and Managing
Peripheral Devices
Networks
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Internet
Email Basics
Safety and Security
Computer Maintenance
TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
REFERENCES
RECOMMENDED READINGS
Donald Knuth’s book, “The Art of Computer Programming
John Zelle Introduction to Computers Third Edition
Darrell Hajek and Cesar Herrera Introduction to Computers 2018 Edition
Darrell Hajek and Cesar Herrera Introduction to Computers 2020 Edition
Gareth JamesAn Introduction to Statistical Learning: with Applications in R (Springer Texts
in Statistics)
PRINCIPLES OF MARKETING
AIM
This course aims to introduce the marketing concept and how we identify, understand and
satisfy the needs of customers and markets. To analyze companies and competitors and to
introduce marketing strategy to increase awareness of the strategic and tactical decisions
behind today’s top performing brands.
LEARNING OUTCOMES
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Having successfully done this course, students should be able to:
Define marketing
Identify evidence of marketing in everyday life
Demonstrate a clear understanding of the marketing concept
Describe the role of marketing in building and managing customer relationships
Describe how different types of organizations, such as nonprofits, consumer product
(B2C) firms and business-to-business (B2B) organizations, use marketing
Explain how marketing creates value for the consumer, the company, and society
Explain why the customer is the cornerstone of marketing.
Briefly explain the concepts of segmentation and targeting.
Describe the marketing mix.
Explain how organizations use the marketing mix (often called the four Ps) to market to
their target customers.
Content
What is marketing?
Strategic planning
Consumer behaviour
Businesses buying behaviour
Market Segmenting, Targeting and Positioning
Creating offerings
Developing and Managing offerings
Using Marketing Channels to create value for Customers
Using Supply Chains to create value for Customers
Gathering and Using Information: Marketing research and Market intelligence
Integrated Marketing Communications and the changing media Landscape
Public Relations, Social Media and Sponsorships
Professional Selling
Customer Satisfaction, Loyalty and Empowerment
Price, the only revenue generator
The Marketing Plan.
6. TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
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2 tests 20%
1 Presentation 10%
REFERENCES
PRISCRIBED READINGS
PRINCIPLES OF TAXATION
AIM
The aim of studying principles of Taxation is to provide students with an understanding of
the general principles of taxation from a multidisciplinary perspective: legal, political, social
and economic. ... They will study communitarian and libertarian approaches to the right of
the state to tax.
COURSE OBJECTIVES
Calculate and account for VAT and Customs and Excise Duties
Identify and respond appropriately to ethical issues arising in the course of performing
tax work
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Content
1. Describe the principles of taxation and explain the role played by taxation in the
economy
2. Identify and respond appropriately to ethical issues arising in the course of performing
tax work
3. Explain the administrative procedures for direct taxes, including objections and
appeals procedure
4. Calculate taxable income for unincorporated businesses and compute income tax
payable there on
5. Calculate Income Tax payable on emoluments from employment and advise on how it
is paid under the Pay As You Earn system
6. Calculate taxable income and withholding tax on all investment income.
7. Calculate company income tax payable and explain how it is payable
8. Calculate taxable profits from farming and compute income tax payable on farming
and fishing income
9. Explain the treatment of transfers of value and calculate Property Transfer Tax
payable
10. Calculate presumptive taxes payable
11. Calculate and account for Value Added Tax on all types of supplies
12. Calculate Customs and Excise duties and advise on the clearing procedure for motor
vehicles
TEACHING METHOD
Two hour lectures per week
Two tutorial hours individual presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
REFERENCES
PRISCRIBED READINGS
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Abraham C Mulolani. Zambian Taxation
Jeff A schneppers. How to Pay Zero Taxes, 2019: Your Guide to Every Tax Break
Bernard B kamoroff. 475 Tax Deductions for Businesses
J.K Lasser 1001 Deductions and Tax Breaks 2019
Mike Piper. Taxes Made Simple: Income Taxes Explained
COURSE AIM
This course is aimed at equipping students with knowledge in management of inflation or
unemployment, and maintenance of currency exchange rates. Pegged Exchange Rates
Foreign currency exchange rates measure one currency's strength relative to another..
OBJECTIVES
By the end of this course, students shall be able to: -
Describe the financial system.
Elucidate the market in which money is created: the money market.
Discuss the significance of the interbank markets in money creation.
Content
TEACHING METHOD
Two hour lectures per week
Two tutorial hours individual presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
REFERENCES
PRISCRIBED READINGS
B. Julian Beecham FCIB 1990. The Monetary and Financial Systems
Schott Winters. The Financial Advisor
Benjamin Graham. How The Intelligent Investor
David j Mullen Junior. The Million dollar Financial Advisor
John C Bogle. Common Sense on Mutual Funds
George Soros. Taxes The Alchemy of Finance
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FINANCIAL PLANNING AND ANALYSIS AND REPORTING
Aim: This course introduces students to based on research, data collection, and data analysis,
advise a company's management on the most financially efficient means of growing the
company's business and profits.
Learning Objectives
Having successfully done this course, students should be able to:
Understand the relevance of financial planning and analyzing to financial statements.
Understand how financial statements can help financial planners choose the most
profitable product line or service.
State How budgeting helps in forecasting Company’s future financial performance
Explain what scenario planning is.
CONTENT
TEACHING METHOD
Two hour lectures per week
Two tutorial hours individual presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
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2 tests 20%
1 Presentation 10%
REFERENCES
PRISCRIBED READINGS
Jack Alexander 2018. Financial Planning & Analysis and Performance Management
Michael Samonas 2015 . Financial Forecasting, Analysis, and Modelling: A
Framework for Long-Term Forecasting
Blaine Robertson | 2020
Corporate Financial Analysis: Simple Methods and Strategies to Financial Analysis
Mastering
Samuel Weaver 2012. The Essentials of Financial Analysis
Cheng-few Lee and John C Lee. Financial Analysis, Planning And Forecasting
Danielle Stein Fairhurs 2017t. Financial Modeling in Excel For Dummies
Explain how the main macroeconomics aggregates are calculated and their
main limitations.
Describe the behavior of the economy in the long run. In particular, explain
how national income, inflation and unemployment are explained by the
classical model.
Explain what determines economic growth.
Explain the Solow growth model.
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Describe the golden rule level of capital.
Use the Solow growth model to compare economic growth across countries.
Explain the endogenous growth theory.
Use growth accounting to determine the sources of economic growth.
Describe the behavior of the economy in the short-run. In particular, explain
how national income, inflation, and unemployment are explained by the IS-
LM model.
Explain the role of fiscal and monetary policies in the IS-LM model.
Explain the aggregate demand (AD) and aggregate supply model (AS).
Describe the main theories of consumption.
Describe the main theories of investment.
Explain the current debate on macroeconomic policies.
Curriculum as s Programme of Education
Definitions of Education and Curriculum
Contents:
TEACHING METHOD
Two hour lectures per week
Two tutorial hours individual presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
Page 72 of 112
REFERENCES
PRISCRIBED READINGS
Aim: The purpose of this course is to help students understand the behavior of individuals
and firms to interpret how they make decisions given the scarcity of resources.
Learning Objectives
Having successfully done this course, students should be able to:
Contents:
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Preferences and Indifference Curves
Utility
Budget Constraint
Consumer Choice
Individual Demand and Market Demand
Firms and their Production Decisions
Minimizing Costs
Cost Curves
Profit Maximization and Supply
Market Equilibrium – Supply and Demand
Comparative Statics - Analyzing and Assessing Changes in Markets
Input Markets
Perfect Competition
General Equilibrium
Monopoly
Pricing Strategies
Game Theory
Models of Oligopoly – Cournot, Bertrand and Stackleberg
Monopolistic Competition
Externalities
Public Goods
Asymmetric Information
Uncertainty and Risk
Time – Money Now or Later?
TEACHING METHOD
Two hour lectures per week
Two tutorial hours individual presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
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Final examination 50%
REFERENCES
PRISCRIBED READINGS
Learning Objectives
Page 75 of 112
Contents:
Introduction to Entrepreneurship
Opportunity Recognition and Design Thinking
Evaluating Entrepreneurial Opportunities
Business Models
Business Planning
Financing Entrepreneurship
Business Set-Up, Start-Up, and Growth
Strategic Entrepreneurship
Innovation and Entrepreneurship
The Entrepreneurial Environment
TEACHING METHOD
Two hour lectures per week
Two tutorial hours individual presentations per week
ASSESSMENT STRUCTURE
Continuous assessment 50%
4 assignments per term 20%
2 tests 20%
1 Presentation 10%
REFERENCES
PRISCRIBED READINGS
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How High Performance Organizations Innovate at Scale – Jez Humble, Joanne
Molesky, Barry O’Reilly
Overcoming the Unseen Forces That Stand in the Way of True Inspiration – Ed
Catmull, Amy Wallace
Overcoming the Obstacles Between Vision and Reality – Scott Belsky
Creating Great Products & Services for an Uncertain World – Peter Merholz, Todd
Wilkens, Brandon Schauer, David Verba
Aim: This course aims at equipping students with knowledge of the role of information
technology in the company
Learning Objectives
Contents:
Page 77 of 112
Problems with Management Information System
Emerging Trends in Management Information System
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments 20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
REFERENCES
PRISCRIBED READINGS
Page 78 of 112
MKT 211: BUSINESS LAW
Aim: The aim of this course is to develop in the student an awareness of legal principles
involved in economic relationships and business transactions and to develop in the student an
understanding of the free enterprise system and the legal safeguards of the same.
Learning Objectives
Having successfully done this course, students should be able to:
Demonstrate knowledge of basic court procedures
Demonstrate understanding of the nature of tort law, including business torts
Demonstrate how criminal law relates to business
Demonstrate recognition of intellectual property Identify how computer law affects
business Analyze the nature and terminology of contract law
Demonstrate recognition of the requirements of the contract agreement
Demonstrate understanding of contract consideration and capacity
Demonstrate recognition of the genuineness of assent in contract formation.
Demonstrate understanding of legality and Statute of Frauds in contracts
Identify contract remedies
Contents:
Law of Contracts
Special Contracts
Other Laws
Law of Insurance
Company Law
Industrial Law
General Law
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 5%
1 peer teaching 5%
PRISCRIBED READINGS
Business Law Robert W. Emerson J.D.
Cengage Advantage Books: Business Law Today, The Essentials: Text and
Summarized Cases Roger LeRoy Miller
Business Law: Text and Cases 14th Edition Clarkson, Miller, and
International Business Law and Its Environment, 10th Edition Schaffer, Agusti, and
Dhooge
Business Law, 10th Edition Henry R. Cheeseman
Law Basics: A Legal Handbook for Online Entrepreneurs and Startup Businesses
James Hart
Cengage Advantage Books: Law for Business, 19th Edition Ashcroft, Ashcroft, and
Patterson
Business Law, 16th Edition Mallor, Barnes, Langvardt, Prenkert, and McCrory
Law and Ethics in the Business Environment, 9th Edition Terry Halbert and Elaine
Ingulli
YEAR 3
ACC 311: PUBLIC SECTOR ACCOUNTING – Full Course
Aim: This course aims to explore the theory and practice of public sector accounting,
covering topics such as budgeting, accounting, auditing and finance of not-for-profit
organizations. Students will be able to understand and apply key requirements of the
International Public Sector Accounting Standards (IPSAS) to specific areas of public sector
accounting. The module will also highlight the differences and similarities between
accounting for profit and not-for-profit organizations as provided for in IPSAS and
International Financial Reporting Standards (IFRS).
Learning Objectives
Having successfully done this course, students should be able to:
Apply basic principles of accounting to a public sector environment.
Explain the differences and similarities between public sector and private sector
accounting
Understand the assumptions underlying project analysis in the public sector and be
able to apply different investment analysis methods to public goods and services
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Prepare and evaluate public sector budgets
Contents:
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 5%
1 peer teaching 5%
REFERENCES
PRISCRIBED READINGS
Public sector accounting Tjerk Budding; Giuseppe Grossi; Torbjörn Tagesson
Public Sector Accounting Rowan Jones
Public Sector Accounting (6th Edition) Rowan Jones
Allen, R. & Tommasi, D. 2001. Managing public expenditure
Business Law, 10th Edition Henry R. Cheeseman
Allen, R., Schiavo-Camp, S., & Garrity, T.C. 2004. Assessing and reforming
public financial management
Anderson, J.E. 1979. Public policy making
Apstolou, N.G. & Crumbley, D.L. 1992. Handbook of governmental accounting
and finance.
Page 81 of 112
Association of Public Accounts Committee. 2003. Effective public accounts
committees
TEACHING METHOD
Three hour lectures per week
One hour tutorial presentations per week
ASSESSMENT STRUCTURE
Continuous assessment50%
4 Assignments20%
2 Tests 20%
1 Presentation 10%
Final examination 50%
Aim: This course aims at equipping students with knowledge in auditing as an important tool
to ensure the business's financial records are accurate and in accordance with applicable rules
(including accepted accounting standards), regulations, and laws.
Learning Objectives
Having successfully done this course, students should be able to:
8. Distinguish between Auditing and Accounting
9. Explain the importance of Auditing in reducing Information Risk.
10. List the Causes of Information Risk and explain how this can be reduced
11. Describe assurance services and distinguish Audit services from Assurance services
12. Discuss the need for an independent or external Auditor
13. Explain the Three types of Auditing
14. Explain the Five components of Internal Controls
Contents:
Auditing, assurance and the public accounting profession
Professional ethics and conduct
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Auditor's legal liability
Overview of the financial report audit
Audit risk and audit evidence
Accepting the engagement and planning the audit
Internal control and control risk assessment
Audit sampling
Designing substantive procedures
Auditing sales and receivables
Auditing purchases, payables and payroll
Auditing inventories and property, plant and equipment
Auditing cash and investments
Completing the audit
Reporting on financial reports
E-Commerce and auditing
Internal, operational and government auditing
FUTURE DIRECTIONS
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 5%
1 peer teaching 5%
REFERENCES
PRISCRIBED READINGS
Aim: Its aim is to provide students with knowledge about some of the processes and
technologies that enable the effective and efficient use of organizational resources and to
develop individuals with the required commitment, skills and competencies for working
towards shared meaningful objectives within an organisation
Learning Objectives
Having successfully done this course, students should be able to:
2. Analyze the link between organizational structure, strategy and planning and
management accounting and control systems;
Page 84 of 112
List the commonly used performance measurement methods and forms.
Contents:
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
REFERENCES
PRISCRIBED READINGS
Page 85 of 112
Management Accounting: Principles & Practice M.A. Sahaf
Real Numbers: Management Accounting in a Lean Organization Jean E.
Cunningham and Orest Fiume
“Best” Management Accounting: Successful Business – Decision Making &
Budgeting Deepak Gupta
Advanced Management Accounting Robert Kaplan and Anthony A. Atkinson
Management Accounting (Projects & Budgets) Alasdair Gilchrist
Handbook of Management Accounting Research Christopher S. Chapman, Anthony
G. Hopwood, Michael D. Shields
Introduction to Management Accounting Charles T. Horngren, Gary L.
Sundem, William O. Stratton, Dave Burgstahler, Jeff O. Schatzberg
Management Accounting Anthony A. Atkinson, Robert S. Kaplan, Ella Mae
Matsumura, S. Mark Young
Introduction to Management Accounting Charles T. Horngren, Gary L. Sundem, Jeff
O. Schatzberg, Dave Burgstahler
Management Accounting I.C. Jain
Learning Objectives
Having successfully done this course, students should be able to:
Explain the relationship between cost accounting-financial accounting and managerial
accounting.
Explain the concept of management accounting.
Explain the importance of management accounting for businesses.
Do Cost-Volume-Profit analysis.
Explain fixed, variable, semi-fixed and semi-variable cost concepts.
prepares budgets
do standard variation analysis through standard costs
Contents:
Page 86 of 112
Introduction to cost and management accounting
Cost determination
Cost accounting methods
Budgetary planning and control
Standard costing and variance analysis
Costs for decision-making
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
REFERENCES
PRISCRIBED READINGS
Management Accounting – Dr. E.B. Khedkar, Dr. D.B. Bharati and Dr. A. B. Kharpas.
Theory & Problems in Management & Cost Accounting – Khan & Jain
Page 87 of 112
Cost Accounting – Jawaharlal
Page 88 of 112
INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT CODE: BF 312
Aim: is to help students understand why entrepreneurs and practitioners need to understand
the investments field as it is currently understood and practiced for
sound investment decisions making.
Learning Outcomes
By the end of this course, students should be able to:
Use time value of money methodology.
Determine the cost of capital.
Have the knowledge and skills to analyze companies for investment purposes.
Adjust financial statements for valuation purposes.
Use adjusted financial statements to produce a sound valuation of a company.
Have the knowledge and skills to develop portfolio strategies for individual and
institutional investors.
Develop investment policy statements for institutional and individual investors.
Develop an appropriate portfolio for a given investor and market conditions.
Have the knowledge and to operate ethically as investment management
professionals.
Understand and apply ethical standards in the investment profession
Contents:
TEACHING METHOD
Page 89 of 112
One hour tutorials individual presentations per week
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
REFERENCES
PRISCRIBED READINGS
Page 90 of 112
BF 313: FINANCIAL RISK MANAGEMENT
Aim: This course aims at making students learn modern techniques for managing financial
risks.
Learning Objectives
Having successfully done this course, students should be able to:
Demonstrate knowledge of the range of financial and financial related risks facing
organizations.
understand the approach to risk
management through risk identification, risk measurement and risk management (or
mitigation)
Understand reputational risk.
Understand operational risk and how to manage it.
Contents:
Introduction.
Risk Management in the Financial
Market Risk
Credit Risk
Counterparty Credit Risk and Collateral Risk
Operational Risk.
Liquidity Risk
Asset Liability Management Risk
Systemic Risk and Shadow Banking System.
Mathematical and Statistical Tools
Model Risk of Exotic Derivatives
Statistical Inference and Model Estimation.
Copulas and Dependence Modeling
Extreme Value Theory
Monte Carlo Simulation Methods
Stress Testing and Scenario Analysis.
Credit Scoring Models
Page 91 of 112
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
REFERENCES
PRISCRIBED READINGS
Aim: This course aims at providing students with practical knowledge and skills necessary
for managing works in the industry for both quantitative and qualitative data. This is done by
attaching a student to one of the companies in the industry for him to gain practical
experience
Page 92 of 112
Learning Objectives
Having successfully done this course, students should be able to:
Gain understanding of workplace expectations and professional ethics;
– Take advantage of invaluable guidance from skilled supervisors; –
Build a network of professional and personal contacts; –
Better explore and pursue their personal and career development.
Contents:
Introduction
History of the Industrial Attachment Programme (IAP)
The Adoption of the Industrial Attachment Programme by Institutions of Higher
Learning Schools
Benefits Derived from Industrial Attachment Programme
Challenges Faced by Stake Holders during Industrial Attachment Programme
Strategies for Improving the Industrial Attachment Programme
Conclusion
References.
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
REFERENCES
PRISCRIBED READINGS
Page 93 of 112
The Industrial Attachment Programme - History, Benefits, Challenges and its
Adoption in Zimbabwe J. Dondofema J. Mwenje L. Musemwa
An investigation of the effectiveness of work related learning: A case of the industrial
attachment program offered by the faculty of commerce, University of Zimbabwe
Wilson Matamande Loveness Nyikahadzoi Ever Taderera
Induction Training in Industry: Effects on Performance of Students on Industrial
Attachment Paperback Andrew Saina
Aim: This course aims at providing students with knowledge and skills necessary for
conducting academic research works for both quantitative and qualitative data. This enables
students to effectively explore and discover facts about their field of study which is
accounting and Finance
Learning Objectives
Having successfully done this course, students should be able to:
8. Acquire knowledge on how to carry out a research
Contents:
Contents:
Title Page
Abstract
Abstract
Introduction
Page 94 of 112
Background
Description of Proposed Research
Description of Relevant Institutional Resources
List of References.
Personnel
Budget
TEACHING METHOD
ASSESSMENT STRUCTURE
4 assignments 20%
2 tests 20%
1 individual presentation 10%
REFERENCES
PRISCRIBED READINGS
Page 95 of 112
Year 4
Analyze a company from the perspective of an equity analyst interpreting the financial
statements.
Interpret accounting numbers correctly from the financial statements, notes to the
accounts and other disclosures, of the financial position and performance of a company.
Contents
A Brief Overview of GAAP and IFRS: The Framework for Financial Accounting
Revenue Recognition
Investments
Assessment
Course work
2 assignments 40%
1 test 10%
Examinations 50%
REFERENCES
PRISCRIBED READINGS
Financial Intelligence, Karen Berman, Joe Knight
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial
Reports Thomas Ittelson
The Model Thinker: What You Need to Know to Make Data Work for You Scott E.
Page
Infonomics:How to Monetize, Manage, and Measure Information as an Asset for
Competitive Advantage Douglas B. Laney
Financial Planning & Analysis and Performance Management Jack Alexander
Financial Shenanigans, Fourth Edition: How to Detect Accounting Gimmicks and
Fraud in Financial Reports Howard M. Schilit, Jeremy Perler, Yoni Engleheart
Reading Financial Reports For Dummies Lita Epstein
Visual Finance: The One Page Visual Model to Understand Financial Statements and
Make Better Business Decisions George Tsvetanov
Page 97 of 112
STRATEGIC MANAGEMENT: HRM 415
COURSE AIM
This course is aimed at assisting individual students ensure they are up to date on the latest
business growth strategies as well as on the newest tools for strategic planning models.
OBJECTIVES
By the end of this course, students should be able: -
Contents
Mastering Strategy: Art and Science
Leading Strategically
Evaluating the External Environment
Managing Firm Resources
Selecting Business-Level Strategies
Supporting the Business-Level Strategy: Competitive and Cooperative Moves
Competing in International Markets
Page 98 of 112
Selecting Corporate-Level Strategies
Executing Strategy through Organizational Design
Leading an Ethical Organization: Corporate Governance, Corporate Ethics, and Social
Responsibility
Assessment
Course work
2 assignments 40%
1 test 10%
Examinations 50%
REFERENCES
PRISCRIBED READINGS
Blue Ocean Strategy: How to Create Uncontested Market Space and Make the
Competition Irrelevant W. Chan Kim
Good to Great: Why Some Companies Make the Leap... and Others Don't James C.
Collins
Strategic Management: Concepts Fred R. David
Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and
Cases Arthur A. Thompson Jr
Strategy Safari: A Guided Tour Through The Wilds of Strategic Management Henry
Mintzberg
Understanding Michael Porter: The Essential Guide to Competition and Strategy Joan
Magretta
Page 99 of 112
Strategic Management: Concepts and Cases: Competitiveness and Globalization Michael
A. Hitt
COURSE AIM
OBJECTIVES
By the end of this course, students should be able to do the following in writing their
Dissertation:
Contents
Title Page
Copyright Page
Abstract
Dedication, Acknowledgements, and Preface (each optional)
Table of Contents, with page numbers
List of Tables, List of Figures, or List of Illustrations, with titles and page numbers (if
applicable)
List of Abbreviations (if applicable)
List of Symbols (if applicable)
Chapters, including:
Introduction, if any
Main body, with consistent subheadings as appropriate
Appendices (if applicable)
Endnotes (if applicable)
References (see section on References for options)
Assessment
Course work
2 assignments 40%
1 test 10%
Examinations 50%
REFERENCES
PRISCRIBED READINGS
How to write your first thesis: A practical guide for the entire process of producing a
thesis for the first time Gruba, Paul, Zobel, Justin
How to Write a Thesis Umberto Eco; Geoff Farina; Francesco Erspamer; Caterina
Mongiat Farina
How to Write a Better Thesis David Evans; Paul Gruba; Justin Zobel
Finish Your Dissertation, Don't Let It Finish You! Joanne Broder Sumerson
Writing Your Doctoral Dissertation or Thesis Faster E. Alana James; Tracesea H. Slater
COURSE AIM
To help student understand how Shareholder wealth can be maximized through the
application of short-term and long-term strategies that assist companies in obtaining new
funds either from equity or debt sources.
OBJECTIVES
By the end of this course, students should be able to:
Assessment
Course work
2 assignments 40%
1 test 10%
Examinations 50%
REFERENCES
PRISCRIBED READINGS
Corporate Finance: Theory and Practice – Pierre Vernimmen, Pascal Quiry, Maurizio
Dallochio, Yann Le Fur, and Antonio Salvi
Corporate Finance: The Basics – Terence C.M. Tse
Financial Terms Dictionary – Thomas Herold
Fundamentals of Corporate Finance – Richard A. Brealey, Stewart C. Myers, and Alan J.
Marcus
Essentials of Corporate Finance – Stephen Ross, Randolph Westerfield, and Bradford
Jordan
Risk Management: The Ultimate Guide to Financial Risk Management as Applied to
Corporate Finance – Greg Shields
Continuous-Time Models in Corporate Finance – Santiago Moreno-Bromberg and Jean-
Charles Rochet
Corporate Finance: Investment and Advisory Applications – Jesse McDougall and
Patrick Boyle
Financial Modeling – Simon Benninga
COURSE AIM
OBJECTIVES
By the end of this course, students should be able to:
Identify projects that meet the essential criteria for a project financing
Know how to create the structure for a basic project financing.
Contents
The time value of money
Perpetuities, annuties and interest rates
Lease financing
Accounting and tax treatments of leases
Return to the lessor
To lease or buy/borrow
Internal rate of return analysis
Sources of value in leasing
Leasing companies in zambia
Projects and their life cycle
Introuduction to project finance
The advantages and disadvantages of projectfinance
Process in project finance and the informationmemorandum
Parties to project financing
Syndicate loans and their structures
Risks in project finance
Risk allocation in project finance
The concession or build–operate-transertransactions (bot
The role of pure advisors in a project financedeal
Project cash flows
The business and financing plan for the project
Financial modeling of a project
The project’s borrowing capacity and its ability toservice debt
Project evaluation and the cost of capital
The project’s financial ratio and sensitivityanalysis
Sources of funds for project financing
Main sources of equity and debt for projects
Venture capital
Project finance documentation
Political risks and insurance in project finance
REFERENCES
PRISCRIBED READINGS
COURSE AIM
Helping the Student understand how the cost of finance can be reduced. Ensuring sufficient
availability of funds. Also, dealing with the planning, organizing, and controlling of financial
activities like the procurement and utilization of funds.
OBJECTIVES
By the end of this course, students should be able to:
Contents
Introduction to Financial Management.
Financial Instruments: Equity Shares, Preference Shares, Right Issue.
Debts: Debentures, Types of Debentures.
Indian Financial System.
Time Value of Money.
Page 105 of 112
Valuation of Bonds and Shares.
Financial Statements
Cash Flow
Fixed Capital Analysis
Capital Structure and Dividend Policy
Working Capital Analysis
Inventory Management
Cash Management Analysis
Foreign Exchange Orientation
Commodity Exchange
Financial Risk Management
Assessment
Course work
2 assignments 40%
1 test 10%
Examinations 50%
REFERENCES
PRISCRIBED READINGS
COURSE AIM
OBJECTIVES
By the end of this course, students should be able to:
Contents
Business Ethics
Management and Ethics
Corporate Social Responsibility
Corporate Governance
Assessment
Course work
2 assignments 40%
1 test 10%
Examinations 50%
REFERENCES
PRISCRIBED READINGS
Appendix 2
PERSONAL DETAILS
Name: Obaly Musukwa
Telephone: 0979444706/0954139838
Email Address:obalmusukwa@gmail.com
Date of birth: 07/01/1989
Nationality: Zambian
Educational background:
Professional qualification School Place Year
ZICA Professional ZABTUC Lusaka 2012
ZICA Licentiate Lusaka ZABTUC Lusaka 2010
ZICA Technician ZABTUC Lusaka 2009
Academic qualification School Place Year
Grade Seven Lukashya middle basic Kasama 2001
Grade Nine Kasama Boys High Kasama 2003
Grade Twelve Kasama Boys High Kasama 2006
Membership of Professional Association
Graduate member of Zambia Institute of Chartered Accountants (ZICA)
Position:
Assistant Accountant
Responsibilities:
1. Preparing cashbook
2. Preparing sales reports
3. Following up Debtors for Payments
Page 109 of 112
4. Collecting payments
Period:
From November 2011 to November 2012
Name of firm:
(b)George Baison and Obed Chartered Accountants
Position:
Audit Senior
Responsibilities:
1. Preparation of financial statements
2. Carrying out of audit work
3. Determining audit fees
4. Writing proposals
5. Auditing stock takes for clients
Period:
From November 2012 to May 2014
Name of firm:
©Foamking Manufacturers Limited
Position:
Internal Auditor/Management Accountant
Responsibilities:
Carrying out internal audit of the company in following areas:
1. Prepare a Master List of areas to be covered.
2. Prepare a Check List in the beginning of every week in advance about the
areas to be covered for internal audit.
3. Ensure that company financial procedures, rules and regulations are strictly
followed and implemented in the Group.
4. Ensure the adequacy of internal control system, reliability of information and
effective utilization of company resources and to identify the problems in
internal control system, find out the solutions and suggest to the management
accordingly.
5. Do cold call audit (audit without prior notice) in different areas thoroughly by
rotation and submit the reports to the Group General Manager for review.
6. Submit internal audit report stating all the findings, even a small nature, to the
management.
7. Preparation of Monthly Management Accounts
8. Preparation of Year end Accounts
9. Preparation and Analysis of Budgets
10. Entering of Journal entries
11. Supervising all Accounting work in the Accounts Department
Position
Senior Accountant-Creditors
Responsibilities
Position
Internal Auditor
Key Responsibilities
Prepare a Master List of areas to be covered.
Prepare a Check List in advance about the areas to be covered for internal
audit.
Do cold call audit (audit without prior notice) in different areas thoroughly by
rotation and submit the reports to Management.
Ensures the organization complies with internal regulations and established
control protocol
Examines documentation, including reports, statements, records, and memos
to gather information
Reconciles documentation with actual inventory or assets to ascertain
accuracy
Completes standard paperwork and questionnaires to confirm internal
controls
Participates in meetings with individuals and departments to update auditees
on findings and the audit process
Prepares reports and preserves documentation pertaining to audits for
internal record
Presents summarized findings concerning audit results and trends for internal
groups
Analyses audit results to determine methods for increasing profits and
decreasing unnecessary costs
Makes recommendations for the best ways for a company to avoid fraud and
reduce waste
Assesses best financial practices for the organization and makes relevant,
informed suggestions
Keeps up-to-date on audit procedures and regulations by attending
conferences, workshops, and continuing education seminars
Participates in industry organizations and develops a professional network
Works with a team to achieve company goals
Implement plans of corrective action.
Period
2. Bernard Kaminsa
Managing Partner
GBO Chartered Accountants
BOX 37954
LUSAKA
TELEPHONE: 0968266285
Bernard.Kaminsa@gbo.co.zm
Relationship: Former Employer
3. Emmanuel Kasoma
Internal Auditor
Council Mpika
Mpika
Mobile: 0974077157
kasomaemmanuel@gmail.com
Relationship: Former Superior