(www.ooufms.com)
The Faculty of Management Sciences, Olabisi Onabanjo University came into existence in 2002 when the 'Siamese twins' formerly called Faculty of Social and Management Sciences was separated into two distinct faculties. The sister faculty that emerged from the separation is the Faculty of Social Sciences. The Faculty of Social and Management Sciences was created at the inception of the University in 1983 to train and produce professionally competent social scientists and managers. The faculty soon became very large in terms of new full and part-time courses introduced over time. Consequently, the students' populations in popular Departments like Accounting, Banking and Finance, Business Administration, Economics and Political Science rose geometrically. Thus, the need to separate the faculty into Social Sciences and Management Sciences for effective administration became imperative.
The Faculty of management Sciences aims at promoting, advancing and disseminating knowledge in the field of management sciences and to explore the use of such knowledge for the advancement of the society. The Faculty emphasizes an integrated approach in which students not only specialise in specific areas of management sciences but also take some compulsory courses in more than one department within the Faculty and other cognate faculties within the university. In addition, the Faculty places high premium on research and organisation of Conferences, Seminars, Workshops and Symposia for the advancement of knowledge within and outside the university.
Presently, the Faculty has four Departments namely Accounting, Banking and Finance, Business Administration and Economics. The Department of Economics also houses a degree programme in Purchasing and Supply. Each of the Departments offers full and part-time courses leading to Bachelor of Science (B.Sc) degree in their respective disciplines. In addition. the Faculty offers pre-Degree foundation programmes which assist in preparing candidates for degree programmes in the Faculty.
Two major professional postgraduate programmes have been in existence for some years, even when the Faculty was co-joined. These are Masters in Business Administration (MBA) and Master of Science in Banking and Finance (M.Sc. Banking and Finance). These programmes are highly patronised and are serviced by experienced lecturers within and from neighbouring universities. The Faculty has just introduced two academic programmes viz: Master of Science (M.Sc) and Master of Philosophy (M.Phil) in Applied Economics and Business Studies. These will eventually lead to the Doctor of Philosophy (Ph.D.).
It is noteworthy that the present structure of the staffing situation does not support the number of postgraduate programmes, the Faculty relies on input from Associate Lecturers from other Universities either on visit, sabbatical or even on part-time basis. Actually, the introduction of the academic programmes is to train staff on ground and others who might join the University at the end of their studies. We normally encourage visiting lecturers from abroad to join us in the development of manpower for the University and Nigeria at large.
Nothwithstanding the shortcoming, the Faculty has produced many well placed Nigerians and foreigners (including those on refugee status) and many faculty members have been involved in providing services for governments, government agencies and private enterprises.
The faculty of Management Sciences aims at training articulated and professionally competent Social Scientists and Managers imbued with the right attitude to work for the service of the society. The Faculty also aims at promoting, advancing and disseminating knowledge in the field of social and particularly management sciences and to explore the use of such knowledge for the advancement of the society.
In the pursuance of these objectives, the Faculty objectives, the Faculty offers courses in four main disciplines; Accounting, Banking and Finance, Business Administration and Economics. Each of these constitutes a full-fledged Department in the Faculty.
The Faculty emphasizes an integrated approach in which students not only specialize in specific areas but also take core courses in other Departments within and outside the faculty. In addition, the Faculty places high premium on research and organization of conferences, seminars, workshops and symposia for the advancement of knowledge and the society in general.
4 YEAR PROGRAMME
Applicants seeking admission to the Faculty of Management Sciences must obtain at least 5 (five) credits at the ‘O’ level G.C.E. or its equivalent: including English Language, Mathematics and any three relevant subjects at not more than two sittings.
3 - YEAR PROGRAMME
In addition to the above conditions applicants must pass at the G.C.E. ‘A’ level. H.S.C. or approved equivalent examinations in at least two other subjects.
1. The Faculty of Management Sciences shall provide courses leading to the Bachelor of Science (B.Sc.) Degree which may be awarded with Honours or as a Pass Degree.
Students shall be required to major in any one of the constituent Departments of the Faculty as the Faculty Board members recommend to Senate from time to time.
2. The Faculty shall operate a course system, based on two-semesters per session (Harmattan and Rain). Students will be required to register and take approved courses as set out by each Department, recommended by the Faculty and approved by Senate.
3. Courses shall be evaluated in terms of course units. A course unit is defined as one lecture/tutorial contact hour per week; one three-hour practical class per week throughout a semester, or any combination of these. The minimum and maximum number of courses and number of units that can be offered during each semester or each year shall be determined by Senate on the recommendation of the Faculty Board.
4. There shall be four levels numbered 101-199; 201-299; 301-399 and 401-499. Courses shall be prefixed by a three letter subjects code such as ACC for Accounting; BFN for Banking and Finance; BUS for Business Administration; ECO for Economics. No two courses shall have the same title and a course content description.
5. The following standard terminologies shall be used for different categories of courses:
(a) Any course designated Compulsory (C) by a Department, must be taken and passed
(b) Any course designated Required (R) by a Department must be taken but not necessarily passed.
Where there is a group of such courses, the Department must state the minimum number of units to be passed.
(c) Course designated Elective (E) are to be taken to make up the required additional units for the award of the Degree.
(d) Courses designated pre-requisites are those whose knowledge is essential prior to taking another specified course. A pre-requisite course shall not be offered in the same academic year with the course to which it is a pre-requisite.
(e) Courses designated as concurrent are specified courses at the same level which must be taken within the same semester.
6. All courses taught during each semester shall be examined at the end of that semester and candidates will be credited with the number of units passed. There shall normally be no resist examinations.
7. All courses shall be examined by continuous assessment through assignment and/or periodic tests which shall not constitute more that 30% for theoretical courses, and 40% for practical courses.
8. To qualify for a Degree of B.Sc. in the Faculty, a student shall satisfy the following basic requirements and others that may be prescribed by the Faculty Board from time to time.
(a) Attend lectures and tutorials in the Faculty throughout the prescribed period of study which shall normally be eight semesters for JME and six semesters for Direct Entry students, except where more or less time is permitted by the Faculty.
(b) Student must take and pass the underlisted courses as prescribed by the University and Faculty Board.
UNIVERSITY REQUIREMENTS
GNS 101 2 units, Compulsory, Harmattan
GNS 102 2 units, Compulsory, Rain
GNS 104 2 units, Compulsory, Harmattan
GNS 201 3 units, Compulsory, Harmattan/Rain.
GNS 202 3 units, Compulsory, Harmattan/Rain.
GNS 203 2 units, Compulsory, Harmattan
GNS 204 3 units, Compulsory, Rain.
FMS 101 3 units, Compulsory, Harmattan
PHL 103 3 units, Compulsory, Harmattan
FMS 202 3 units, Compulsory, Harmattan
FMS 202 3 units, Compulsory, Rain
DEPARTMENTAL REQUIREMENTS
As stipulated by the Departments from time to time.
(See Departmental Regulations).
9. A student who fails to obtain 10 units at the end of the first year, 20 units at the end of the second year, 30 units at end of the third year or 40 units by the end of the fourth year shall be required to withdraw from the Faculty.
10. Similarly, a student who fails to record a Cumulative Grade Point Average (CGPS) of 1.0 in two consecutive semesters shall be asked to withdraw from the Faculty.
11. Degrees shall be classified as First Class Honours, Second Class Honours, (Upper and Lower), Third Class Honours and Pass.
12. The Grade Point Average system shall be used for the determination of the class mark and the class of degree. The final aggregated mark shall be a whole number. Letter grades and grade points shall be awarded on the basis of the final aggregate marks as shown below:
Marks Letter Grade Grade Point
70% and above A 5
60% - 69% B 4
50% - 59% C 3
45% - 49% D 2
40% - 44% E 1
The class of the Degree shall be awarded on the basis of the following Grade Point Average (GPA):
First Class 4.50 - 5.00
Second Class (Upper Division) 3.50 - 4.49
Second Class (Lower Division) 2.40 - 3.49
Third Class 1.50 - 2.39
Pass 1.00 - 1.49
13. A student who has taken more than four semesters in excess of the approved minimum period of study to complete a degree programme shall not normally be eligible for an honours classification.
14. External examiners appointed from reputable Universities shall participate in the conduct of the 400-level examinations under the general regulations relating to the duties of external examiners in the University.
15. At the end of every academic year, each student (except those at the 100 level) shall be issued with the transcripts of the first and second semester results. Senate will issue graduating students with transcripts of their academic record in the University after ratification.
Effective communication and writing; English language skills. Writing of Essay Answers. Introduction on lexis
(2 UNITS, COMPULSORY, HARMATTAN)
GNS 102 – USE OF ENGLISH II
Sentence construction, outlines and paragraphs collection and organization of material and logical presentation. Punctuation and logical presentation of papers. Use of library; Phonetic; Art of public speaking and Oral Communication.
(2 UNITS, COMPULSORY, RAIN)
GNS 104 – HISTORY AND PHILOSOPHY OF SCIENCE
Man-His Origin & Nature; man and His Cosmic Environment; Scientific Methodology in the Society and in the Service of Man; Renewable and Non-renewable Resources; Man and His Energy Resources, Environmental Effects of Chemicals, Plastics, Textiles, Wastes and other Materials; Chemicals and Radio Chemical Hazards.
(2 UNITS, COMPULSORY, HARMATTAN)
GNS 201 – MODERN AGRICULTURE AND RURAL LIFE
A. Nature and scope of Rural Sociology. Social Systems; Farm Management, Background Lecture to Fieldwork. Field Practices; Farming Systems; Farm Machinery and Implements.
B. Tree Crop Production, Processing and Utilization, Roots and Tuber Crops Production. Crop Improvement and Protection. Soil Chemistry and Fertility Management, Domestic Animals and their Uses. The Science of Animal Production; Principle of Livestock Management. The Livestock Industry.
(3 UNITS, COMPULSORY, HARMATTAN & RAIN )
A. Nigerian Culture; The Concept of Culture and Nigerian Society. Marriage and Family; African Beliefs; Traditional Religions in Nigerian Culture & Human Settlement; Traditional Economic System. Expressive Arts and Nigerian Traditional Agriculture.
B. Citizenship Education, Citizenship and Constituted Authority, Governmental Systems and Processes in Nigeria; Federalism; Constitutions. Rights and Obligations; National Ethic and Discipline; National Identity; Environmental Utilization and Conservation.
(3 UNITS, COMPULSORY, HARMATTAN & RAIN)
History and Development of Computer Technology; the Why and How of Computers; Types of Computer; Analog, Digital and Hybrid, Central Preparation Equipments; Key Punch Order etc. Data Transmission; Nature; Speed and Error Detection; Data Capture and Validation Including Error Detection; Systems Analysis and Design. The Programming Process; Problem Definition; Flow Charting and Decision Tables.
(2 UNITS, COMPULSORY, HARMATTAN)
GNS 204 – APPLICATION OF COMPUTER
Introduction to Basic Programming; Types of Data; Content and Variables; Types of Statement; Assignment Statement; Input/Output Statements; Control Statements.
(2 UNITS, COMPULSORY, RAIN)
FMS 101 – MATHEMATICS FOR MANAGEMENT SCIENCE 1
Basic introduction into mathematics, covering set theory, matrices, operation with real numbers, partial fractions, e.t.c.
(3 UNITS, COMPULSORY, HARMATTAN)
PHL 103 – INTRODUCTION TO LOGIC
A brief survey of the main branches of philosophy; symbolic logic; special symbols in symbolic logic-cognition, negation, affirmation, disjunction, equivalence and conditional statements, laws of thought; the method of deduction using values of inference and bi-conditional, quantification theory.
(3 UNITS, COMPULSORY, HARMATTAN)
FMS 201 – STATISTICAL SOURCES AND METHODS 1
Students are introduced to the value of statistics, statistical inquiries; forms and design, the role of statistic and basic concept in statistics.
(3 UNITS, COMPULSORY, HARMATTAN)
FMS 202 – STATISTICAL SOURCES SAND METHODS II
Introduction of students to the procedure of statistical summarization of social science information with specific emphasis on frequency distribution, tables, graphs and basic inferential statistics; discrete and continuous variables; functional relationship; sources of data; methods of collecting primary data; presentation of statistical data.
(3 UNITS, COMPULSORY, RAIN)
OBJECTIVES:
The Department of Accounting of Ogun State University, Ago-Iwoye offers a programme of courses leading to the award of a B.Sc. degree with honours or as a pass degree.
The objectives of the B.Sc. (Accounting) degree programme include among others.
(i) Preparing students for careers in the public and private sectors.
(ii) Providing a strong academic background for research and post-graduate studies.
(iii) Preparing students for the acquisition of necessary professional competence that is required by national and international Accounting bodies.
In achieving the objectives above, the Department places much emphasis on quantitative approach to financial statements analysis and managerial decision making.
Students in the Department will be exposed to all areas of accounting include Financial, Managerial, Auditing and Public-Sector Accounting.
ADMISSION REQUIREMENTS:
FOUR YEAR DEGREE PROGRAMME.
(a) Candidates must have five “O” level G.C.E. or S.S.C.E. credits at not more than two sitting in subjects, which must include English Language and Elementary Mathematics.
THREE YEAR DEGREE PROGRAMME.
(b) In addition to the requirements in (a) above. Candidates must have either passed at least two subjects in H.Sc. or G.C.E. “A” level which must include Accounting as a subject or O.N.D. Accounting with a minimum of lower credit or P.E.I/Intermediate examination passes of recognized professional Accounting bodies such as I.C.A.N.; A.C.C.A; I.C.M.A. etc.
MINIMUM REQUIREMENTS FOR THE AWARD OF THE B.Sc. (ACCOUNTING) DECREE
FOUR YEAR PROGRAMME.
The minimum number of units to be passed to qualify for a degree in the Department of Accounting is 157 which is broken down as follows:
HARMATTAN (1ST) SEMESTER RAIN (2ND) SEMESTER
|
COURSE CODE |
UNITS |
STATUS |
COURSE CODE |
UNITS |
STATUS |
|
ACC 101 ECO 101 SMS 101 PHL 103 BUS 101 POL 101 GNS 101 GNS 104 |
3 3 3 3 3 3 2 2 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY |
ACC 102 ECO 102 ECO 104 BUS 102 POL 102 GNS 102 |
3 3 3 3 3 2 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY |
|
|
22 |
|
|
17 |
|
200 LEVEL
HARMATTAN (1ST) SEMESTER RAIN (2ND) SEMESTER
|
COURSE CODE |
UNITS |
STATUS |
COURSE CODE |
UNITS |
STATUS |
|
ACC 201 ACC 203 SMS 201 GNS 203 GNS 201A GNS202A ACC 206 1 elective from BUS/BFN/ECO |
3 3 3 2 - - 3
3 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY REQUIRED
ELECTIVE |
ACC 202 ACC 204 ECO202 SMS 202 GNS 201B GNS 202B GNS 204 |
3 3 3 3 3 3 2 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY |
|
|
20 |
|
|
23 |
|
300 LEVEL
HARMATTAN (1ST) SEMESTER RAIN (2ND) SEMESTER
|
COURSE CODE |
UNITS |
STATUS |
COURSE CODE |
UNITS |
STATUS |
|
ACC 301 ACC 303 ACC 305 ACC 307 ACC 309 ECS 307 1 elective from BUS/ECO |
3 3 3 3 3 3
3 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY
ELECTIVE |
ACC 302 ACC 304 ACC 306 ACC 308 ACC 310 BUS 312 |
3 3 3 3 3 3 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY |
|
|
21 |
|
|
18 |
|
HARMATTAN (1ST) SEMESTER RAIN (2ND) SEMESTER
|
COURSE CODE |
UNITS |
STATUS |
COURSE CODE |
UNITS |
STATUS |
|
ACC 401 ACC 403 ACC 405 ACC 407 ACC 409 BUS 401 1 elective from BUS/BFN |
3 3 3 3 3 3
3 |
COMPULSORY COMPULSORY COMPULSORY COMPULSORY COMPULSORY REQUIRED
ELECTIVE |
ACC 402 ACC 404 ACC 406 ACC 499
|
3 3 3 6
|
COMPULSORY COMPULSORY COMPULSORY COMPULSORY
|
|
|
21 |
|
|
15 |
|
THREE YEAR PROGRAMME: The minimum number of units to be passed to qualify for a degree in the Department of Accounting is 133 which is broken down as follows:
In addition to the specified courses in the 200-400 level of the four Year programme, a student is expected to take and pass SMS 101 (3 units), PHL 103 (3 units), GNS 101 (2 units), GNS 102, (2 units), GNS 104, (2 units), and ECO 104 (3 units).
100 LEVEL
ACC 101 – INTRODUCTION TO ACCOUNTING 1
Theory of Accounting –Double Entry; Treatment of Sales, purchases, Returns and Discounts in Journals and Ledgers; Accounting concepts and conventions. Bad debt and provisions; depreciation and reserves; Suspense accounts and types of errors and correction; bank Reconciliation Statements; Trial balance, preparation of final accounts and balance sheet.
(COMPULSORY, 3 UNITS, HARMATTAN)
Objectives of financial statements and users of financial statements, types of accounts; manufacturing accounts. Fixed assets; acquisition, depreciation and disposal; financial statement analysis and interpretation; accounts of non-profit making organizations; incomplete records and single entry.
(COMPULSORY, 3 UNITS, RAIN)
200 LEVEL
ACC 201 – PRINCIPLES OF ACCOUNTING I
Partnership accounts Joint-Stock company accounts. Issues of shares and debentures; Joint venture and departmental accounts; contract account; containers accounts; investment account.
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 202 – PRINCIPLES OF ACCOUNTING II
Income measurement
- Accounting Standards
- Published Accounts
- Accounting for Liabilities and Shareholders equity
- Value Added Statements
- Consignment
(COMPULSORY, 3 UNITS, RAIN)
ACC 203 – INTRODUCTION TO COST ACCOUNTING I
- Nature and purpose of cost accounting
- Theory of cost behaviour
- Accounting for Materials
- Accounting for labour
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 204 – INTRODUCTION TO COST ACCOUNTING II
- Introduction to standard costing elementary variance analysis
- Introduction to marginal cost
- Joint costing
- Budgets and budgetary control
(COMPULSORY, 3 UNITS, RAIN)
ACC 205 – BUSINESS LAW I
Law of contracts, property sales and security transactions Agency and sales of goods Negotiable instruments; Hire purchase.
(REQUIRED, 3 UNITS, RAIN)
ACCT 206 – BUSINESS LAW II
Partnership, Insurance, government and business law statutory considerations; Bankruptcy, Economic torts.
(REQUIRED, 3 UNITS, RAIN)
- Further topic on interpretation of financial statements.
- Accounting for inflation
- Treatment of taxation in accounts
- Hire purchase
- Branch account and foreign currency transactions
- Underwriters accounts
- Royalties
- Banks, Insurance, Building society and unit trusts accounts.
- Pension and Provident Funds account.
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 302 – ADVANCED FINANCIAL ACCOUNTING II
- Group accounts
- Reconstructions, Merger and Amalgamations
- Bankruptcy and liquidation
- Absorptions and take-over
(COMPULSORY, 3 UNITS, RAIN)
ACC 303 – MANAGEMENT ACCOUNTING I
- Relationship between management and financial accounting
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 304 – MANAGEMENT ACCOUNTING II
- Performance evaluation techniques
(COMPULSORY, 3 UNITS, RAIN)
ACC 305 – OPERATIONS RESEARCH I
- Origin, role and methodology of operations research
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 306 – OPERATIONS RESEARCH II
(COMPULSORY, 3 UNITS, RAIN)
ACC 307 – COMPANY LAW I
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 308 – COMPANY LAW II
Company administration: Duties of Directors and Company Secretary, Meetings and Resolutions. Accounts and Reports Concepts of Corporate Democracy. Reconstruction, mergers and takeovers; Liquidation and dissolution, Taxation law, Ultra-vires loans and borrowing restrictions, introduction to executorships and receivership.
(COMPULSORY, 3 UNITS, RAIN)
ACC 309 – MANAGEMENT INFORMATION SYSTEM I
- An over-view of management information system
- Information flow and communication theory
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 309 – MANAGEMENT INFORMATION SYSTEM II
(COMPULSORY, 3 UNITS, RAIN)
(COMPULSORY, 3 UNITS, HARMATTAN)
(COMPULSORY, 3 UNITS, RAIN)
ACC 403 – TAXATION AND TAX MANAGEMENT I
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 404 – TAXATION AND TAX MANAGEMENT II
(COMPULSORY, 3 UNITS, RAIN)
ACC 405 – FINANCIAL MANAGEMENT I
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 406 FINANCIAL MANAGEMENT II
(COMPULSORY, 3 UNITS, RAIN)
ACC 407 – PROJECT ANALYSIS
(COMPULSORY, 3 UNITS, HARMATTAN)
ACC 409 – GOVERNMENTAL ACCOUNTING
(COMPULSORY, 3 UNITS, HARMATTAN)
This is a research work to be undertaken on an approved topic under the direction and supervision of a lecturer in the department.
(COMPULSORY, 3 UNITS, HARMATTAN)
GENERAL PHILOSOPHY OF CURRICULUM:
The curriculum contained here in is designed to develop the mind and impart both theoretical and practical knowledge for individual self-confidence, initiative and self-reliance in the field of Finance and Banking.
OBJECTIVES:
The main objective of the programme is to provide courses of instruction leading to the award of B.Sc. degree in Banking and Finance.
Specifically the programme is to:
The focus of the programme is essentially on finance with emphasis on banking. In addition, students will be guided in the choice of course options under one of the following four major areas of specialization:
Graduates of the programme will have the twin advantage of:
In response to the dynamic nature of the employment world, particularly the banking industry the CIBN and OSU are collaborating to run the CIBN/OSU Linkage programme. Candidates admitted by OSU to the Department of Banking and Finance under this scheme are automatically registered with the CIBN. Such candidates will also get automatic EXAMPTION from several subjects of CIBN without payment of exemption fees. Candidate shall be required to write only the following three papers to get professionally qualified. (i) Law Relating to Banking (ii) International Finance (iii) practice of banking. Associates of CIBN shall be admitted under this scheme for a degree programme lasting two academic sessions (on part-time basis) leading to the award of a degree in Banking and Finance.
ADMISSION REQUIREMENTS:
1. FOUR YEAR DEGREE PROGRAMME:
(a) Five credits at W.A.S.C. or G.C.E. ‘o’ level at not more than two sittings in subjects which include English Language and Elementary Mathematics.
(b) Candidates must take English Language, Elementary Mathematic and two other social science subjects at the UME Examinations.
2. THREE YEAR DEGREE PROGRAMME:
(a) G.C.E. “A” Level or H.S.C. passes in Economics and Accounting. In addition, candidates are expected to possess five credits at W.A.S.C. or G.C.E. “O” Level in subjects which include English Language and Elementary Mathematics.
OR