INTRODUCTION
This module focuses on information meant to help learners understand the role that management and costing accounting information plays in the decision making process in an organization. It looks at what impact accounting information in particular costing, budgeting and management accounting, information systems have as a managerial tool in any organization. The module also explains the process of formulating financial strategies, performance measurements, plan and control in financial activities. Finally the module examines the concept of management accounting in strategic decision making and forecasting and budgeting.
COURESE CONTENT
1. Over view of management Accounting.
2. Modern View of Management accounting
3. pricing Methods
4. Costing Methods
5. Standard costing
6. Marginal costing Vs Absorption costing
7. Forecasts and Budgets
8. Budget Preparation
9. Budgeting Methods
10. Behavioral consequences of Budgets
11. Variances Analysis
12. Cost Volume Profit analysis
13. Investment Appraisal techniques
14. Short term Decision making techniques
15. Summary of Course
Prescribed Textbooks
1. Brammer, J. and Penning, A. – Managing Costs and Resources, Osborn Books, 2001
2. Jones, M. – Accounting for Non Specialist, Wiley, 2002
3. Lucey, T. – Management Accounting, 5th Edition, Thomson, 2003
Recommended Textbooks
1. Horngren R – Cost and management accounting
2. Drury.C.- Management and Cost accounting
INTRODUCTION
This module gives an overview of the contemporary macro-economic theory and practice. It provides students with the knowledge of macro economy as it relates to the business sector. The study of Macroeconomics is essential for all managers in the public and private sectors. The module gives learners the opportunity to study various aspects of macro-economic theory and practice
LEARNING OUTCOMES
At the end of this module learners should be able to:
1. Know and explain the general and specific nature of macro economics
2. Know and explain the skills appropriate to the Macroeconomics.
3. Know and apply the cognitive skills such as those of analysis, synthesis, creativity and evaluation in relation to macroeconomics.
4. Know and apply the transferable skills such as, economic analysis and forecasting
COURSE CONTENTS
1. Introduction To Macroeconomics
2. National income
3. Money and Banking
4. Introduction to International trade
5. Inflation and unemployment
Prescribed Textbooks
i. Begg D, Fisher S Dornbush .Economics. London: McGraw-Hill Companies, 2003
ii. Lipsey, RG. An introduction to Positive Economics. New York: Weidenfield and
nicoleson,1980
iii. Sammuelson ,P. A. and W. D. Nerddhaus. Economics. New York McGrawHill book Company, 1989
iv. Macro Economics by A-Hamid Shahid, Ilmi Kitab Khana, Kabir Street, LHR
Recommended Textbooks
v. Monetary Economics & Public Finance by. A-Hamid Shahid, Ilmi Kitab
Khana, Kabir Street, LHR
vi. Macroeconomics by H. L. Ahuja. S. Chad And company, New Delhi
INTRODUCTION
The module introduces tools of statistical analysis in business. It equips learners with the requisite knowledge needed to apply such tools in business decision making. The module focuses on various mathematical methods and their applications in business. It examines the different statistical techniques, business equations and the concept of probability in business.
LEARNING OUTCOMES
At the end of this module learners should be able to:
1. Know and explain what descriptive statistics is.
2. Know and apply different statistical techniques
3. Know and apply business equations and their graphs
4. Know and explain Probabilities in business.
COURSE CONTENTS
1. Data and their Presentations
2. Statistical Measures
3. Linear Correlation and Regression
4. Time Series and Index Numbers
5. Compounding
6. Discounting
7. Annuities
8. Business Equations and Graphs
9. Probability
10. Sampling Distribution
11. Hypothesis Testing
12. Specialized Business Applications
Prescribed Textbooks
1. Berenson M.L. and Levine D.M. (1996) Basic Business Statistics, Prentice-Hall,
Englewood Cliffs, New Jersey.
2. Kendall, M. and Stuart, A. (1979). The Advanced Theory of Statistics, Volume 2:
Inference and Relationship. Charles Griffin & Co. Limited, London.
3. Mendenhall, W., Reinmuth, J. E. and Beaver, R. J. Statistics for Management and Economics, Duxbury Press, Belmont, CA.
Recommended Textbooks
1. Lawless, J. F., (1982). Statistical Models and Methods for Lifetime Data, John
Wiley & Sons, New York.
INTRODUCTION
The module introduces learner to the world of marketing. It provides learners with an introduction to the fundamental concepts and principles that underpin the marketing process. In addition, it examines the role and practice of marketing within the changing business environment. This broad-based module provides learners with a concise and contemporary overview of marketing, and gives them the knowledge and skills to underpin further study in the specialist field of marketing.
LEARNING OUTCOMES
At the end of this modules learners should be able to:
1. Know and explain the concept and process of marketing.
2. Know and explain the concepts of segmentation, targeting and positioning.
3. Identify and explain the individual elements of the extended marketing mix.
4. Know and apply the extended marketing mix to different marketing segments and
contexts.
COURSE CONTENTS
1. Concept and process of marketing.
2. Segmentation, targeting and positioning.
3. Extended marketing mix.
4. Different marketing segments and contexts.
ASSESSMENT
Prescribed Textbooks
1. Adcock D et al — Marketing Principles and Practice 4th Edition (Pitman Publishing, 2001) ISBN: 027364677X.
2. Brassington F and Pettitt S — Principles of Marketing 3rd Edition (FT/Prentice Hall, 2003) ISBN: 0273657917.
3. Jobber D — Principles and Practice of Marketing 3rd Edition (McGraw Hill, 2001) ISBN: 0077096134
Recommended Textbooks
4. Kotler P et al — Principles of Marketing 3rd European Edition (FT/Prentice Hall, 2001) ISBN: 0273646621.
INTRODUCTION
The module introduces students to the basic principles of law legal systems. It explains what law is, its sources and the court structure of Zambia. The module gives an overview of the legal profession with its dual practice for countries like the United Kingdom and others that have followed that system. The module focuses on the different areas of law such as the law of contract, the law of torts and business entities. It generally gives learners a feel of the legal issues encountered in the world of business.
LEARNING OUTCOMES
At the end of this modules learners should be able to:
Know and explain what law is and the social necessity of law.
Know and explain the domestic court system and related infrastructure.
Know and explain the distinction between civil and criminal law.
Know and apply the relevant legal language and terminology.
COURSE CONTENTS
1. General Principles of the Domestic Legal System
2. Contract Law:
3. The Tort of Negligence
4. Law of Business Organizations
ASSESSMENT
Prescribed Textbooks
1. Principles of Contract Law by Richard Stone, published by Cavendish Publishing.
2. Barron, M. (2012). Business Law. 10th ed. Australia: Chifley Business School, pp.2.15 TOPIC 2.
3. Treitel, G. (2015). The Law of Contract,. 10th ed
Recommended Textbooks
4. English Legal System by Elliot & Quinn, published by Longman.
5. Law of Tort by John Cooke published by Longman.