This course lays the basic foundation for the study of financial accounting. It introduces students to the conceptual and regulatory framework of accounting, accounting conventions and principles, including the International Financial Reporting Standards. Emphasis is on the mastery of the double entry system of accounting as applied to assets, liabilities, owner’s equity, revenues, and expenses. From the mastery of the use of the double-entry system in recording transactions in preliminary books and the ledger, students work on the preparation of financial statements for sole proprietorships, including adjusting entries, the correction of errors, depreciation of assets, and bank reconciliation statements.
This course is designed to provide students with a broad understanding of concepts, principles and general practices in business. It focuses on the nature, structure and major business activities, and to enable students appreciate the integrated nature of business activities and, in particular, help them to develop perspectives on key business issues. Emphasis is laid on nature and scope of business, business and its environment, forms of organization, management and organization, production and marketing management.
This course aims at equipping students with skills that will enable them access and retrieve information in the traditional, hybrid and digital libraries. Students need to acquire lifelong skills that they can use to their advantage at any point in their lives. Information is now available in different formats and there is therefore the need to teach students how they can access retrieve and evaluate information with some efficiency in all these formats.
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The course introduces students to concepts in economics such as scarcity and choice, price determination, theories of household decisions, theories of consumer behaviour, production and cost decisions of firms, and different forms of market structures. Other issues include analysis of the impact of government policies on the decisions of various economic agents.
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All M.Com students are expected to carry out a one-year research work under the supervision of two lecturers. The objective of the course is for students to identify a research problem in the area of specialisation, develop the right approach and carry out such research.