Department Guidelines (Accountancy)

All students of the department are encouraged to register as student members of the ICAN, Accounting Technician Scheme of West Africa (ATSWA). In pursuit of this objective, students are highly exposed to practical accounting environment through the Supervised Industrial Working Experience Scheme, as on the path of making them professional Accountants on/after graduation.

The programme, Accountancy, involves theories, quantitative methods, and policy analysis designed to equip the students for a variety of positions. Graduates of Accountancy are found in different fields of human endeavour, both in the public and private sectors of the economy. A growing number of accountants serve as financial, cost/management accountants; internal/external auditors; Forensic Investigators; Tax Consultants; Bankers; Stockbrokers; administrative personnel officers; Public relation officers; Career diplomats; Intelligent officers; Social workers; Investment analysts; Lecturers; Research specialists in all levels of government, in the university and private research organizations. Above all, our graduates are equipped to pursue graduate programmes in Accountancy and other allied courses; and are well tutored to strive for membership of national and international professional Accountancy bodies like – ICAN, ACCA, etc.

To earn a degree in Accountancy, all compulsory courses must be taken, and passed. All courses taught during each semester shall be examined at the end of that semester. Candidates will be credited with the number of courses units assigned to the course, which they have passed. The total number of units taken with the number of courses shall also be recorded for the purpose of computing the cumulative grade point average (CGPA). The continuous assessment has 30 percent of the marks for any course taught. Classes of degree are to be awarded depending on the CGPA obtained.

Even when a student repeats the same course once or more before passing it, grades scored at each, and all attempts shall be included in the computation of the CGPA. Grades obtained in all the registered courses whether compulsory or optional, whether passed or failed must be included in the computation. The minimum number of credit units required for the award of a degree is 159 units. This must be satisfied by a student before a degree is awarded.

COURSE LOAD

A student shall be required to register for an approved combination of courses with a minimum of 15 units, and a maximum of 24 units per semester. No student may register for a number of units higher than the approved maximum units unless with the approval of the University Senate.

AWARD OF DEGREES

A student shall qualify for the award of B.Sc degree in Accountancy, when he has:

i. Completed and passed prescribed number of units including all compulsory courses specified by the university, and department,

ii. completed, and met the standards for all required, and optional courses,

iii. Obtained a minimum cumulative GPA (Grade Point Average) of 1.50, and

iv. Met other requirements that may be specified by the Faculty, and the University.

CLASSES OF DEGREE 

The classes of degree to be awarded will depend on the Cumulative Grade Point Average (CGPA) obtained. The following classes of degree are approved:

Classes of degree Cumulative grade point average (CGPA)

CREDIT UNIT: This varies according to contact hours assigned to each course per week, per semester, and according to work load carried by student.

GPA (GRADE POINT AVERAGE) is calculated by multiplying the credit units, and divided by total credit units.

For instance, assume a student with registration number ACC/2013/018 obtained the following scores in a semester:

The table below shows the university senate approved scoring, and grading system.

Final Marks

1. Each course shall be graded on the basis of a maximum of 100 marks, 70% of which shall be assigned to the end-of-course examination, while 30% is assigned to continuous assessment. Continuous assessment marks shall not form part of the final marks for the Research Project for final year students.
2.   The minimum pass mark in each course shall be 40%
3. The marks obtained by each student in every course shall be assigned appropriate letter grades and grade points as follows:

1. In order to make normal progress towards the degree, a student must pass all courses specified in this curriculum and obtain a grade point average of at least 1.0 in each semester.
2.  Any student whose Cumulative Grade Point Average (CGPA) at the end of any two consecutive semesters is less than 1.0 shall be placed on academic probation until such time as his overall CGPA is raised to 1.0.
3. Any student who fails to achieve a CGPA of at least 1.0 at the end of any two consecutive semesters while on probation will be asked to withdraw from the Faculty.

Failure to take examination in courses registered for

A student who fails to take the examination in a course for which he has registered without a reason accepted to the Board of Studies of the Faculty is deemed to have failed in the course.

Classification of the Degree

1. Each student will be assessed on the minimum total units including units for all the compulsory courses prescribed, together with extra units, if any.
2. The final result will be based on the results of all the years weighted equally and the degree classification will be based on the weighted CGPA as follows:

       3. The CGPA shall be obtained by:

         a. Multiplying the grade point assigned to the letter grade obtained in each course by the number of units assigned to the course to arrive at the weighted score for each course.

       b. Adding together the weighted scores for all courses taken up to that time, subject to the minimum requirements of the University but including all compulsory courses.

          c. Dividing the total weighted score by the total number or units.

     4. The cumulative Grade Average is the average of the Grade Points earned by the student in the programme. It is obtained by:

          a. Finding the total of Grade Points multiplied by the respective credit units for all the semesters, and

     b. Dividing that total by the total number of credits units for all the courses for which the student registered.