PROGRAMME SUMMARY

 

Part	Semester	Module Code	Module Name	Credits
I	I	CAC1101 CIN1110 CBA1104 CIN1104 CBU1105	Financial Accounting IA                                         Business Law                                          Principles of Macroeconomics                    Quantitative Analysis for Business Basic Principles of Management and Marketing	12 12 12 12 12
Total Credits Year I Semester I				60
I	II	CAC1202 CBA 1205 CAC 1203 CIN1207	Financial Accounting IB Principles of Macroeconomics Introduction to Information Technology Quantitative Analysis for Business II	12 12 12 12
Total Credits Year I Semester II				48
Total Credits Year I				108
II	I	CAC2101 CAC2103 CAC2104 CAC2105 CIN2106 CFI2101	Financial Accounting IIA                                        Audit Skills                                                         Information Systems Management and Cost Accounting IA Company Law Corporate Finance	12 12 12 12 12 12
Total Credits Year II Semester I				72
II	II	CAC2201 CAC2203 CAC2204 CAC2205 CAC2207 CIN2206	Financial Accounting IIB Audit Process Introduction to Taxation Management and Cost Accounting IB Research Methods Company Law	12 12 12 12 12 12
Total Credits Year II Semester II				72
Total Credits Year II				144
III	I & II	CAC3001	Industrial Attachment Continuous Assessment Industrial Attachment Report	60 60
Total Credits Year III				120
IV	I	CAC4101 CAC4107 CAC4103 CAC4104 CAC4105	Financial Reporting Tax Law and Practice Audit Skills, Theory and Practice Accounting Information Systems Management and Cost Accounting II Public Sector Accounting	12 12 12 12 12 12
Total Credits Year IV Semester I				72
IV	II	CAC4201 CAC4207 CAC4203 CAC4204 CAC4205 CAC4006	Advanced Financial Accounting Tax Law and Practice II Advanced Auditing Financial Management Strategic Management Accounting Research and Innovation Project	12 12 12 12 12 24
Total Credits Year IV Semester II				84
Total Credits Part IV				156
Overall Credits for the Programme				528

 

COURSE SYNOPSIS

 

CAC 1101 Financial Accounting IA                                                                                   12 credits

The module is designed for those students with “A” Level Accounting. The module focuses on principles and techniques of Financial Accounting and their application to the preparation of financial statements of sole traders, partnerships, limited companies and non-profit making organisations culminating in analysis and interpretation of financial data.

 

CIN 1110 Business Law                                                                                                  12 credits

The module introduces students to the basic legal principles governing the business environment. Focus shall be placed on definition of contracts, requirements of a contract, breach of a contract, remedies for breach of contracts, law of agency, contract of sale, law of business organisations and insurance contract.

 

CBA 1104 Principles of Microeconomics                                                                           12 credits

This module will study markets and the decision making embedded therein. It will discuss economic arguments that free markets work “best", the conditions under which these arguments are most believable, and policy options when these conditions are not met. The module will examine both competitive markets, for which basic models of supply and demand are most appropriate, and markets in which agents act strategically, for which game theory is the more appropriate tool. The module will cover, inter alia, economic theory and the market economy, consumer theory, choice under uncertainty, production and costs, efficiency and trade, market equilibrium, game theory and imperfect competition.

 

CIN 1106 Quantitative Analysis for Business                                                                     12 credits 

The module introduces students to the mathematical tools relevant for application to the business environment. Students shall be expected to recognize the value of quantitative methods in analysing data and interpreting it in order to make relevant business decisions.

 

CBU 1105 Basic Principles of Management and Marketing                                                  12 credits

The module gives an overview of the development of management thought, functions of management, organizational structures, decision making and leadership effectiveness. Introduction to Marketing, Evolution of marketing concepts, Marketing mix elements (7ps), Segmentation, targeting and positioning.

 

CAC 1202 Financial Accounting IB                                                                                   12 credits

The module builds on the foundation laid in Financial Accounting IA. The module aims at developing a thorough understanding of the practical framework of Accounting and an ability to prepare, analyse and interpret financial statements. It covers the following areas of study: Accounting for limited companies, published accounts analysis and interpretation of final accounts, cash flow statements as well as latest developments of International Financial Reporting Standards (IFRS) applications in relation to the areas covered.

 

CAC 1203 Introduction to Information Technology                                                             12 credits

The module introduces students to the role of computers in the business world and builds on the uses of different application packages in their field of study. It covers the following: basic fundamental concepts, management’s need for information and types of systems, transaction processing as well as an industry specific project.

 

CBA 1205 Principles of Macroeconomics                                                                          12 credits

The module is designed to address how economists model the relationships between aggregate economic variables and examine how various fiscal and monetary policies can affect the results. The main goal is to improve students’ economic literacy and ability to apply economic models to analyse real world events.  This module will be taught from an equilibrium perspective. This means the module will work with economic agents that optimize and with aggregate consistency conditions. Along with building basic economics intuition, the module will be centred on constructing and understanding macroeconomic models. These models will be used to discuss the theory of long-run economic growth and short-run economic fluctuations and to analyse macroeconomic policy, in particular fiscal policy.

 

CIN 1207 Quantitative Analysis for Business                                                                     12 credits

This introductory module in business statistics is designed especially for students majoring in Business and Economic Sciences. The module covers the techniques business students are most likely to use in their future modules including descriptive and inferential statistics with business applications to analyse management and organizational problems. Students will learn to apply statistical analysis techniques to practical problems that firms in the real world face. Specific topics include: measures of central tendency and dispersion, probability theory and distributions, estimation, hypothesis testing, regression analysis and correlation analysis.

 

CAC 2101 Financial Accounting IIA                                                                                  12 credits

The module builds on the foundation laid in Financial Accounting IA and B. The module aims at providing students with knowledge of Accounting as related to partnership, accounting for specialized transactions, interpretation of financial statements, published accounts etc.

 

CAC 2103 Audit Skills                                                                                                     12 credits

The module is meant to provide an understanding of the nature, purpose and scope of Auditing, principles of Auditing and application of ISA. It also addresses the role of the external audit, planning, current issues in Auditing and its regulatory framework.

 

CAC 2104 Information Systems                                                                                       12 credits

The module is a continuation of Introduction to Information Technology. It aims at strengthening the understanding, use of computers, fundamental concepts, information system concepts, types of systems, transaction processing etc.

 

CAC 2105 Management and Cost Accounting                                                                    12 credits

The module aims at providing an understanding of the principles, concepts and techniques of Management and Cost Accounting and helps students develop an ability to apply this knowledge to practical situations related to cost ascertainment, cost control and planning.

 

CFI 2101 Corporate Finance                                                                                            12 credits

The module identifies the objective that Corporate Finance managers pursue or ought to pursue in order to satisfy the needs of corporate stakeholders and to develop, in students, concepts and corporate analytical tools that shall enable them to meet this objective. To this end, the module shall cover the following critical areas: Goals of a firm and the agency theory; Time value concepts and valuation of bonds and shares; Capital Budgeting under certainty; Operating and financial leverage; Introduction to portfolio theory and capital asset pricing; the stock market and other sources of long-term capital; innovations in Corporate Finance.

 

CIN 2106 Company Law I                                                                                                12 credits

The module provides knowledge and understanding of the nature and basic principles of law related to Limited Liability Companies, Partnerships, Company Secretarial Practice, Meetings and Elements of Labour Law and Labour relations.

 

CAC 2201 Financial Accounting IIB                                                                                  12 credits

The module is a continuation of Financial Accounting IIA which aims at helping students develop a thorough understanding of the practical framework of accounting and imbibe an ability to apply the International Financial Reporting Standards (IFRS), Financial Reporting Standards as adopted by the Institute of Chartered Accountants of Zimbabwe and PAAB.

 

 

 

CAC 2203 Audit Process                                                                                                 12 credits

The module focuses on the performance of the audit process and its application in the context of the regulatory framework and for business control and development.

 

CAC 2204 Introduction to Taxation                                                                                   12 credits

The module aims to equip students with the main practical areas they meet in their attachment year, namely Value Added Tax and Business Income Tax Computations, so that they are useful to industry and commerce.  The module introduces students to the role of tax in an economy and the tax system in Zimbabwe: Source, Gross Income, Exemptions, Deductions and Prohibited Deductions. It goes on to cover the taxation of Employment Income in detail, including the use of PAYE tables and Tax Credits. It then rounds up by covering basic concepts on the taxation of Business Income (with particular emphasis on Capital allowance computations), Value Added Tax (with particular emphasis on the VAT tax computation and the VAT7 return) and Capital Gains Tax.

 

CFI 2201 Corporate Finance II                                                                                           12 credits            

The module to develop, further, in students, concepts and corporate financial analytical tools. The areas covered will include the following: Introduction to capital structure theory and practice; Cost of capital and valuation; Introduction to capital budgeting under uncertainty; Dividend policy theory and practice; corporate working capital management; and innovations in corporate finance.

 

CIN 2206 Company Law II                                                                                                12 credits

 

The module provides knowledge on the legal principles applicable to companies.  The course will also cover the legal principle applicable to meetings and how decisions are made at the corporate level.

 

CAC 2207 Research Methods                                                                                          12 credits

 

The module provides treatment of research methods and simple statistical application that will enable students to carry out sound research projects. The module seeks to expose students to definition of research, overview of research and its philosophies, topic formulation, proposal development, literature review, research methodology, data analysis and interpretation, conclusions and recommendations, research methodologies, research problems, research hypothesis. The research process; qualitative and quantitative tools; Research designs: descriptive (non-experimental), explanatory, exploratory, quasi-experimental and experimental designs Research Strategies: experiments, surveys, case studies, archival research; designing of data collection instruments, data collection, data cleaning, data analysis, data presentation, ethical issues in research.

 

CAC 3001 Industrial Attachment Continuous Assessment                                                  60 credits

 

An approved industrial attachment of not less than eight (8) months and not more than twelve (12) months is aimed at providing third year students with a practical exposure to industry settings. The candidate is expected to rotate the various departments of the organization to which he/she will be attached to enable them to be exposed to all functions of that organisation. The candidate must be appraised by each departmental supervisor who assigns the student day to day duties and a percentage score should be given before leaving for the next department (see section 5.3)

 

CAC 3001 Industrial Attachment Report                                                                            60 credits

 

The module is a problem-based report developed by the candidate during internship.  The thrust of the report is to relate theory covered in the university to practice.  It follows a schematic report layout covering issues such as, company background, departments attached, challenges encountered, new issues learnt, any gap between information covered in the University, review of related literature to issues covered, comparison of practical issues and reviewed literature, any gap and conclusions and recommendations to the company and the University. A guideline to the development of the report is issued to the candidates as a module outline.

 

 

 

CAC 4101 Financial Reporting                                                                                         12 credits

The module focuses on Accounting Theory and current issues relating to financial reporting. It concentrates on the role of Accounting Theory, users and objectives of corporate reports, Accounting for price level changes, analysis and interpretation of financial statements, cash flow statements and application of International Financial Reporting Standards (IFRS).

 

CAC 4102 Advanced Tax Law and Practice I                                                                      12 credits

The module offers a solid grounding on the tax law & the application regards the taxation of business income (as required by Tax statutes and ZIMRA) including Quarterly Payment dates, Capital allowances, exchange gains, Concession by Creditors, grants & subsidies and Suspensive sales.  It incorporates all the advanced aspects of the taxation of Employment income and all the reliefs and Tax planning opportunities under the Capital Gains Tax Act, before rounding up by considering all new developments on the tax front.  It incorporates all the advanced aspects of the taxation of Employment income and all the reliefs and Tax planning opportunities under the Capital Gains Tax Act, before rounding up by considering all new developments on the tax front.

 

CAC 4103 Audit Skills, Theory and Practice                                                                      12 credits

The module builds on the basic principles and techniques acquired in Part II of the Auditing modules. It seeks to consolidate students’ grasp of Auditing theory and the latest Auditing techniques and practices as enunciated in the International Standards on Auditing (ISAs).

 

CAC 4104 Accounting Information Systems                                                                      12 credits

The module builds on the information systems acquired in Part II. It seeks to consolidate the developments, installation and management of Information Systems. It emphasizes on the understanding of Information Technology and information systems concepts with regard to planning, organizing, controlling and decision making of an organisation as well as use of information technology tools.

 

CAC 4105 Management and Cost Accounting                                                                    12 credits

The module is a continuation of the Management and Cost Accounting IB (CAC 2205) at Part II level and seeks to consolidate students’ knowledge and understanding in behavioural aspects of Management and Cost Accounting, covering Management & Cost Accounting, Budgetary Control, Standard Costing and current issues in Management Accounting.

 

CAC 4106 Public Sector Accounting                                                                                 12 credits

This course introduces students to the regulatory framework for public sector accounting and financial reporting. The course also includes the overview of International Public Sector Accounting Standards (IPSAS) and financial reporting in the public sector. The module also covers the legal and regulatory financial management framework in Zimbabwe.

 

CAC 4201 Advanced Financial Accounting                                                                        12 credits

The module is a continuation of the Financial Reporting and Financial Accounting II modules. It aims at students having a thorough knowledge of Advanced Accounting principles and practices as they apply to the rapidly changing international business environment. It focuses on group financial statements, accounting for foreign currency transactions, valuation of businesses, re-organisations, mergers and takeovers and deferred taxation and relevant International Financial Reporting Standards (IFRS).

 

CAC 4202 Advanced Tax Law and Practice II                                                                     12 credits

Module incorporates the taxation of specialised taxpayers including the taxation of Partnership income, farming income, Mining Income, the income of Deceased Estates, the Income of Trusts and Estate Duty tax. Thorough understanding of all aspects of VAT including VAT adjustments, Time of Supply, value of Supply, Denial of Input Tax and VAT withholding tax. It also covers all the Withholding taxes under the Income Tax Act and proceeds to the topical issue of Transfer pricing: the various methods of Transfer Pricing allowable, the mechanics, the challenges faced, returns required and Tax planning opportunities and compliance issues.

 

 

CAC 4204 Financial Management                                                                                     12 credits

The module focuses on the principles, concepts and techniques used in making financial management decisions. It aims at ensuring that the students understand the concepts and applications behind theoretical models, select the techniques most appropriate to optimize the employment of resources, treasury management function, working capital etc.

 

CAC 4205 Strategic Management Accounting                                                                    12 credits

The module is a continuation of the Management and Cost Accounting II (CAC 4105) and discusses the characteristics of strategic Management Accounting decisions including performance evaluation, control quantitative techniques, TQM, ABC and non-financial performance measures.

 

CAC 4006 Research and Innovation Project                                                                      24 credits

This module guides and tests the student’s ability to actualize the theoretical problem-solving skills acquired in earlier research methods modules such as Research Methods and Data Analysis. Students will be expected to competently tackle all the stages of a dissertation starting from formulating research proposals, that is, review of literature, identifying research problems, formulating a research design, design of data collection instruments, data collection, data cleaning, data analysis, interpretation and presentation. Students will be provided with the written departmental guidelines on writing dissertations.