LANDMARK UNIVERSITY, OMU-ARAN

COURSE COMPACT
COLLEGE: College of Business and Social Sciences
DEPARTMENT: Accounting and Finance
PROGRAMME: Accounting
COURSE COMPACT for: Omega Semester
Course
Course code: ACC 129
Course title: Accounting Laboratory/Workshop I
Credit unit: 1 Unit
Course status: Compulsory

Lecturer’s Data
Name of the lecturer: OLADIPO, Olufemi Adebayo
Qualifications obtained: B.Sc (Accounting), M.Sc (Accountancy), ACA, ACFE.
Department: Accounting
College: College of Business and Social Sciences
E-mail: _ oladipo.olufemi@lmu.edu.ng
Office Location: Room A113, New College Building, Intercom no- 4220.

Consultation Hours: Wednesdays 8:00 to 10:00 am

Fridays 10:00 am to 1:00 pm

INTRODUCTION TO THE COURSE

Course Description: Accounting Laboratory/Workshop I
Course Justification
This course tends to introduce and expose the students to the practical aspect of the subject
involving computation, preparation and application of computer in preparing financial
transactions. This course is relevant majorly in the manufacturing sector of the economy.
Course Objectives
At the end of this course, the students should be able to understand:

• Definition of Computer and Types of Computer.

• Functions of Computer.
• Computer Hardware and Software.
• Application Software.
• Using Microsoft Excel to prepare Payroll.
• Management of data, create visually persuasive charts and graphs.
• Using Microsoft Excel to create an expense report, build formulas.
• Printing of Documents.
1
Course Content
 Introduction to Computer System
 Computer Hardware and Software
 Types of Application of Software
 Computerised Accounting System
 Chart Design on Microsoft Excel
 Introduction to Power Point Office
 Practical Training session
Course Expectations
Every class is expected to be an interactive one. Therefore, students are expected to be
punctual and attend lectures, participate actively in class and Practical Session, read
recommended texts and lecture materials, do all assignments and tests as given.

S/N GRADING SCORE (%)

Continuous Assessments
 C.AI (Assignment and Group discussion) 7%
1.
 C.AII (Mid-Semester Test) 15%
 C.AIII (Attendance and class participation) 8%
2. Sub-Total 30%
3. Final Examination 70%
4. Total 100%

Course Delivery Strategies

1. Two hours of both lecture and practical session per week.
2. Lecturing will be complemented with both theory and practical aspect.
3. Lecturing to be aided by Audio Visual where and when necessary.

Course Duration: Two hours per week for 15 weeks (30 hours)

ALIGNMENT WITH GOALS AND VISION OF LANDMARK UNIVERSITY

To impact the knowledge of cost accounting practically into our students to break new
grounds in the field of Accounting.
To also make them to be solution providers through qualitative and quantitative cost
accounting system that focuses on accurate and timely reporting.

LECTURE CONTENT
Module 1 Computer System
 Week 1 & 2: Introduction to computer system:
 Definition of Computer.
 Types of Computer.
 Functions of Computer.
 Purpose of Computer.
 Characteristics of Computer.

 Objectives
2
 After studying this module, students will
 Be able to define computer system.
 Understand the functions and purpose of computer.
 Be able to explain different characteristics of computer.

 Description
Computerised Accounting System of any organisation is the application of accounting
software in preparing financial information of an organisation for the user of financial
statement. Management need a variety of financial information to plan, to control and to
make decisions. Information regarding the financial aspects of performance and position
of an organisation is provided by the computerised accounting system.
First hour
Definition and purpose of computer system, The types of computer, Different
characteristics of a computer.
Second hour
Practical training session: Students will be given practical questions to solve using
SAGE 50 accounting software and solution to the questions would be review together
with the lecturer.

 Study Question:
Define a computer
Give three (3) types of computer you know
Explain the purpose characteristics of a computer

 Reading List
1. KITSO, Aptech Worldwide (2001).
2. Computerised Accounting System: A practical guide by Oladipo Olufemi
(2015), Published by Rakson Nigeria Limited.

Module 2 Components of a computer

Week 3 & 4
Topic: Computer Hardware and Software
 Definitions of Computer Hardware and Software.
 Types of Computer software.
 System Software e.g Window 7, Windows 8, Windows Vista.
 Application Software e.g Microsoft Excel, Peach Tree Accounting Packages,
SAGE 50, SAGE Evolution etc.

Objectives
After studying this module, students will
 Understand the importance of accounting software to accounting profession
 Be able to explain computer hardware and software.
 Be able to explain differences between computer hardware and software.

Study Question:
In connection with control of materials, you are required to:
i. Define computer hardware
ii. Differentiate between computer hardware and software
iii. State four computer hardware you know.

Reading List
1. Computerised Accounting System: A practical guide by Oladipo Olufemi
(2015), Published by Rakson Nigeria Limited.
2. Microsoft Excel Tutorial, by Microsoft Office Excel 2007.
3
Module 3 Application Software
Week 5
Topic: Types of Application of Software
 User defined or Customised Application Software.
 Advantages of Application Software.
 Disadvantages of Application Software.
 Practical Session.

Objectives
After studying this module, students will
 Be able to define application software.
 Understand the use Information and Communication Technology in solving
problems and preparation of financial report.
 Know the relationships between System software and Application software.
Study Question:
Define application software
Give five (5) types of accounting software you know
Explain the purpose of accounting software to a business enterprise
Reading List
1. Sage 50, Accounting Package Software.
2. KITSO, Aptech Worldwide (2001).
3. Microsoft Excel Tutorial, by Microsoft Office Excel 2007.
4. Computerised Accounting System: A practical guide by Oladipo Olufemi (2015),
Published by Rakson Nigeria Limited.

Module 4 Accounting Software Package

Week 6, 7 & 8
Topic: Computerised Accounting System
 Introduction
 Factors to be considered in developing a computerised accounting system.
 Strategies in developing a computerised accounting system
 Using Microsoft Excel to prepare Payroll Schedule.
 Formatting Cells in Microsoft Excel (Rows and Columns).
 Practical Session.

Objectives
After studying this module, students will
 Understand how to prepare payroll schedule
 Be able to explain factors to be considered in developing a computerised
accounting system.
 Understand how to format cells in Microsoft Excel (Rows and Columns).

Study Question:
Define cell in Microsoft Excel
What are the factors to be considered for a company setting up computerised
accounting system for the first time?
Explain Employee’s payroll schedule

Reading List
1. Microsoft Excel Tutorial, by Microsoft Office Excel 2007.
2. Sage 50, Accounting Package Software.

4
Module 5 MID SEMESTER TEST
Week 9
Topic: Revision

Module 6 Microsoft Excel Package

Week 10 & 11
Topic: Chart Design on Microsoft Excel
 Working with Charts.
 Chart Design.
 Creating Chart and Change Chart Type.
 Practical Session.

Objectives
After studying this module, students will
 Be able to draw charts on excel
 Understand different types of charts and designs.
 Be able to use graph to represent information on excel

Study Question:
Define bar chart
What uses of a chart in Microsoft excel package?
Explain different categories of chart you know

Reading List
1. Computerised Accounting System: A practical guide by Oladipo Olufemi
(2015), Published by Rakson Nigeria Limited.
2. Microsoft Excel Tutorial, by Microsoft Office Excel 2007.

Module 7 Power Point Office and SAGE 50 Accounting Package

Week 12, 13, 14 & 15
Topic: Power Point Presentation and SAGE 50 Accounting Package
 Introduction to power point presentation
 Chart of Accounts and Maintenance of employee.
 Using Sage 50 to prepare payroll and inventory.
 Overview of International Financial Reporting Standards (IFRS) in
computerised financial reporting.
 Practical Session.

Objectives
After studying this module, students will
 Be able to explain chart of accounts
 Understand the regulatory framework of International Financial Reporting
Standards.
 Be able to use power point office for presentation and term papers.
 Be able to customize the power point environment.
 Create a customizing Design Template (Slide Show)

Study Question:
Which commands will you consider adding the Quick Access toolbar? Why?
What do you understand by the term IFRS?
State five (5) core accounting modules in the SAGE 50 accounting package
5
 Explain various stages of producing accounting standards by Financial Reporting
Council of Nigeria (FRCN)

Reading List
1. Computerised Accounting System: A practical guide by Oladipo Olufemi
(2015), Published by Rakson Nigeria Limited.
2. Microsoft Excel Tutorial, by Microsoft Office Excel 2007.
3. Sage 50, Accounting Package Software.

Module 9 General Revision

Week 16

Topic: General Revision and preparation for the Alpha Semester Exam.

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