PROFESSIONAL EXAMINATION STAGE ONE
ECONOMICS (MICRO & MACRO) -ECO
Aim:
To test candidate’s understanding of the economic environment in which government and public organization operate and their knowledge of economic principle and application
Micro
(i) Introduction to basis Issues - scope of economics, definitions, scarcity and choice, opportunity cost .The four economic resources, Land, Labour Capital and Entrepreneur, The Law of Diminishing Returns.
(ii) Demand and Supply Analysis – Definition ,types of demand, The law of demand schedules, changes in demand, causes and effects of changes in demand. Definition of supply, type of supply, causes and effects of change in supply.
(iii) Concept of Elasticity, measurement, its influence on demand, supply and income.
(iv) The Concept of Margin – Marginal Utility Diminishing, Marginal Utility, Law of Diminishing Marginal Utility and the Applications of Indifference Curve Theory.
(v) Firm /Industry and Market structure – Meaning of Perfect Competition, Monopoly and Oligopoly. Demand and Supply under the different marker structure. Price discrimination, Advantages and disadvantages of perfect and imperfect competition.
Macro
(i) National Income-Government Sector and National Income Accounting, calculation of National Income(GNP,GDP),measurement ,factors, problems of measurement and usefulness of National Income.
(ii) Monetary Economics-Money and its functions, Type and Characteristics Demand for money and money supply. Monetary policy, objectives, instruments and problems.
(iii) Inflation-Types, effects and measurement
(iv) Employment- Causes of unemployment, types, income and employment analysis .Full employment and economic policy, problem of full employment etc
(vi) Money and Banking-Financial Intermediation, concept and meaning. Commercial merchant and development banks .Central Bank. Introduction to money and capital markets.
(vi) International Economic – International trade, concept, theory of comparative cost and advantage, application to policy decision, trade restrictions and policies, foreign exchange rate Balance of. Payment, Balance of Trade, Terms of Trade, International Financial Institutions.
(vii) Structure of Nigeria Economy - Agricultural Sector ,Rile of Agriculture, Manufacturing/ Industrial Sector.
Recommended Texts
1. IPAN : Institute’s Study Pack
2. E.A. Olufowose : Monetary Theory and Investment Practice in Nigeria. (Lagos 1998).
3. Samuelson P : Economics (McGraw. Hill)
4. Baumol W .J : Economic Theory, Operation
Analysis. (Prentice / Hell)
5. Todoro M.P : University Press)
PRINCIPLE OF ACCOUNTING -POA
Aim:
To test candidate’s Knowledge and understanding of the basic concepts and principles of financial accounting and the interpretation of simple financial statements.
Contents:
I. Nature and Scope of Accounting - Objective of Financial Statement, Functions, Principles, Concepts and Conventions
II. Double Entry book keeping, ledgers, control accounts, trial balance etc, reconciliation impress system for petty cash etc.
III. Treatment of Fixed Assets, Current Assets, Depreciation, Prepayments. Capital and Revenue Accounts, Reserves and Provision. Accounting treatment of Value Added Tax (VAT), Accounting for payroll including Pay –As – You Earn (PAYE).
IV. Accounts Preparation - Profit and Loss Accounts, Trial Balance and Balance Sheets, Income and Expenditure Accounts.
V. Preparation of Accounts from Incomplete Records.
VI. Depreciation – Various methods Stock Valuation (FIFO, LIFO etc.
VII. Comparism of Various Accounts – Trading Accounts, Manufacturing Accounts, Partnership Accounts, Club Accounts, Government Accounts etc.
VIII. Interpretation of Accounts.
Recommended Texts:
IPAN: The Institute’s Study Pack
Baxler, W T. & Davidson S. (eds): Study in Accounting (Sweet & Maxwell).
Woods F. : Business Accounting Vol. 1 & 2(Longman)
Inanga, Eno L.: Principle of Accounting
Wallis R. W.: Accounting a Modern Approach (McGraw Hill)
QUANTITATIVE TECHNIQUES -QT
Aims:
To test candidate’s ability to apply quantitative techniques in solving public sector problems, use mathematical and statistical methods in analysing information and presenting its results in a scientific format as input to management decision processes.
Contents:
(i)Nature of statistics, its objectives presentation of statistical data, ascription of data, measurement off location and variability.
(ii)Probability theory, basic approaches, discrete probability distribution, binomial distribution, Poisson, geometric and Pascal distributions.
(iii)Basic Sampling Techniques- Statistical estimation, point estimation, Unbiased estimation, confidence interval for population, mean, population variance.
(iv)Hypothesis testing, Regression and Correlation.
(v)Index number and Time Series Analysis.
(vi)Decision theory, queuing theory and replacement theory etc
(vii)Network analysis
Recommended Texts.
1. IPAN: The Institute Study Pack.
2. Dr. (Mrs) C.G. Obeleagu: Business Statistics Theory and Practice.
3. Prof. A.B. Agbadudu: Statistics for Business and the Social Sciences.
4. Ayres, Frank Jnr. Mathematics for Finance (Schaum’s Outline Series).
5. Battersby A. Mathematics in Management.
6. Coyle R.G. Decision Analysis.
7. Cyprian a. Onyeka: An Introduction to Applied Statistical Methods In the Sciences.
8. Adam and Johnson: Statistics for beginners.
INFORMATION TECHNOLOGY -IT
Aims:
To test candidates ability to use computer to evaluate, implement and manage information for the purpose of helping management in its decision making processes.
Contents:
Computer system-Data. Input and output devices, Storage and Retrieval System.
System design, system theory and concepts, system selection and installation.
Word processing, spreadsheets, database etc.
Computer application to/in the services of the public sector.
Computer software and hardware.
Protection of confidential information and security of data.
Fraud in computer and prevention.
System management and administration.
Recommended Texts
IPAN: The Institute Study Pack
- Gellagher J.D.: Management of Information System and the computer.
- BPP: Management of Information
- Anderson R.G.: Data Processing and Management System
- Anderson R.G.: Organising and Methods.
PROSSIONAL EXAMINATIOIN STAGE TWO
PUBLIC FINANCE -PF
Aim:
To test candidates ability to prepare financial statements in accordance with relevant laws and statement of standard accounting practices.
Contents:
i. Nature and role of financial management in Government
ii. Government financial planning and implementation
iii. The concept of Federalism and Public Finance
iv. Programming and budgeting for development
v. Budget operation of federal state and Local Government finance and fiscal system
vi. Sources of Government finance
vii. Direct and indirect taxation in Nigeria
viii. Public Debt Policy-Government stocks bonds and treasury bill and treasury certificate.
ix. The integrated system of financial planning.
x. Role of Central Bank, Commercial Banks, Development Banks and Foreign Financial Institutions.
xi. Internal and external Auditing in Public Sector.
Recommended Texts
- IPAN: The Institute’s Study Pack
- Prest: Public Finance in theory and Practice
- Beckerman: National Income Analysis
- Shaw: Fiscal Policy`
DEVELOPMENT ECONOMICS AND PLANNING -DEP
Aim:
To test candidate’s understanding and appreciation of economic principles and their application in a mixed economy.
To test their ability to understand the economic environment in which government and the public organizations operate.
Content:
i. Meaning of economic growth and development. Measure- ment of economic development-GNP, GND. Problem of GDP, GNP as measures of economic welfare.
ii. Basic concept and quantitative analysis of growth of Nation
iii. Government economic policies for growth and development- monetary, fiscal policies, budget and development plan.
iv. Domestic savings and investments-capital formation, foreign loans and foreign financial institutions.
v. Theories of economic development, development plan- origin, types, techniques, methodology and social accounting. Planning statistics, Planning Institutions and planning administration.
vi. Trade policy and economic development.
vii. Population problem, Human capital
viii.Rural development.
Recommended Text
1 IPAN: The Institute’s Study Pack
2 E. A. Olufowose: Monetary Theory Investment Practice in Nigeria. (Lagos 1998)
3 Steve E. Landsburg:Price Theory and Applications
4 O. Aboyade: Integrated Economic – A Study of
Development Economics (Addison Wesley 1981)
5 Olalokun F. A Structure of the Nigerian Economy (Maxmillam Press)
6 Whetham E. H & Currie J I Readings in the Applied Economics of Africa Vol. 1 & 2.
7 Seymour – Smith, L.:The Business Environment
8 Stopher W Planning Without Facts Lessons in Resource Allocation from Nigeria Development. Harvard University Press Cambridge.Mass 1996.
9 Waterson A Development Planning: Lessons of Experience John Hopkins, University Press Baltimore 1965
THE NIGERIA LEGAL SYSTEM -NLS
Aims
To examine candidates knowledge and understanding of general principles of adminis-tration law with particular reference to the Nature of the Nigerian Legal System.
Contents:
I. Source of Nigeria Law
II.Statute Law – The process of legislation, interpretation of statutes, common law equity and the doctrine of judicial precedence. Legal relationship between Legislators, Executive and Judiciary
III.Administrative Law – The Nigeria Judiciary – Organization and functions of customary courts, Magistrate courts, High courts, Federal courts of Appeal and The Supreme courts.
IV.Civil and Criminal Law
V. Contract Law – Nature and validity, doctrine of consideration, privity, collateral contracts capacity to contract, mistakes, misrepresentation, legal and illegal contract remedies for breach of contract etc.
VI. Contract of Employment
VII. Trade Union, Trade disputes and management, The Industrial Arbitration Panel, National Industrial court etc.
VIII. Land law
IX. Titles
Recommended Texts
1. IPAN; The Institute’s Study Pack
2. Elisa T.Nigeria Legal System
3. Parks The Sources of Nigeria Law
4. Okonkwo Introduction to Nigeria Law
5. Oguniyi O.:Nigeria Labour and Employment Law In Perspective
6. Feldman :Contract of Employment
7. Uvbiagharo Trade Union Law in Nigeria
8. The Federal Republic of Nigeria Constitution
PUBLIC ADMINISTRATION I -PA I
Aims:
To test candidates understanding of the basic ;concept of public administration.
Contents:
I Conceptual framework – meaning and scope. Ecology of Public administration, History and Development of modern day public services.
II Structure and organization of governmental administration, central government, State and local government administration .
III Public administration and Bureaucracy – Concept, Causes of Bureaucracy,Complexity ,Accountability, Organization and Specialization.
IV Qualities of an Administrator
V Communication
VI Policy formulation – Policy making processes in Nigeria Public administration.
VII Intergovernmental Relation
Recommended Texts
1.IPAN The Institute’s Study Pack
2. M .J. Balogun: Public Administration in Nigeria
3. Billy J .Dudley: A Developmental Approach: An Introduction to Nigeria Government And Policy
4. Ladipo Ademolekun: Public Administration : A Nigeria and Comparative Perspective
5. Augustus Adebayo :Principle and Practice of Public
Administration in Nigeria.
6. Chalesworth S .C. (ED):Theory and Practice of Public Administration: Scope objective And methods.
7. Ridley . F. ;The Study of Government, Political
Science and Public Administration.
PROFESSIONAL EXAMINATION STAGE THREE
COST ACCOUNTING AND AUDITING -CAA
Aims:
To enable candidates gain a broad knowledge and understanding of the basic concepts and techniques of cost accounting and auditing and test their ability to apply such knowledge in proving cost information for government business decision and audit.
Contents:
Costing;
I. Cost concepts, cost data, cost methods, and techniques.
II. Cost control and budgetary control
III. Standard and marginal costing
IV. Interpretation of cost and financial accounts
V. Cost information – interpretation and comparison
VI. Break-even charts, fixed, valuable costs marginal cost theory.
VII. Analysis and use of variances in relation to policy and administrative use.
VIII. Decision making principles
IX. Theory of cost control, cost planning variance analysis
X. Control of capital expenditure.
Auditing:
I. Auditing concepts, theory and principle.
II. Auditing principles in external and internal auditing, practices and techniques in government.
III.Auditor’s report
IV. Auditing standards in government.
Recommended Texts:
1. IPAN: The Institute’s Study Pack
2. Novaianton E. L: The Accountability and Audit of Government
3. Bigg W. W: Cost Accounts
4. Buyers C. J & Holmes G. A. : Principles of Aounting
5. Carmichael D. R.: Auditing Concepts and Methods
6. De Paula & Attwood: Auditing Principles & Practice.
MANAGEMENT OF PULIC ENTERPRISES -MPE
Aim:
To test candidate’s knowledge and understanding of the modern techniques of managing government business.
Contents:
i Public Enterprise – Concept, control and techniques
ii. Principle of organization and management of public enterprises.
iii. Monitoring, control and reporting system
iv. Principles and practice of public enterprises, organization, evaluation, appraisal
v. Public enterprises resource flow, cash / capital flow and investment criteria
vi Pricing, sensitivity analysis.
viii Project linkages and design, appraisal and development projects.
viii. Public Enterprises dynamics, use and application of linear programming, PERT, CPM and other scheduling techniques.
Recommended Texts
1. IPAN: The Institute’s Study Pack
2. Solmani D.: Divisional Performance, Management
3. Hauson A.H: Public Enterprises and Development 2nd Edition
4. Nigeria Economic Society (NES) Public Enterprises in Nigeria
5. African Association for Public Administration and Management: The Administration And Management: The Administration of Public Enterprise: Report of the 25th Inter- African Public Administration and Management Seminar, Ibadan Dec. 1973.
6. Federal Republic of Nigeria Statement of Policy by the Government of the Federal Republic of Nigeria on Relationship between Federal Public Corporation and the Legislation, The Government and the Public and between the State – Owned Companies and the Government (Sessional Paper No. 1964, Federal Government Printer Lagos 1964)
7. The Policy of the Federal Government: On Statutory Corporations and State-Owned Companies Federal Ministry of information, Lagos 1968.
8 The Report of the Presidential Commission on Parastatals. Federal Government Press, Lagos 1981.
9 Views of the Government of the Federation on the Report of the Presidential Commission on Parastatals, National Assembly Lagos 1982.
NATIONAL BUDGET AND ECONOMIC POLICIES -NBE
Aim:
To test candidate’s understanding of budgeting system, concept and administration of Federal, State and Local Government budge as well as the implication of Government Economic Polices
Contents:
i. National income, expenditure and accounting.
ii Operation of Federal, State, and Local Government Financial System Budgeting, Execution and Control.
iii Public Debt policy.
Iv Monetary Policy – Objective, Instrument and Problem.
V Fiscal Policy – Objective, Techniques and Influences
Vi Impact of Inflation on National Budget.
Vii Government Budget and the Money and Capital Markets.
Viii International Finance – Principles and Practice
Ix The Roles of Legislature in National, State and Local Government budgeting and Implementation system.
Recommended Texts
IPAN: The Institute’s Study Pack
E.A. Olufowose: Monetary Theory and Investment Practice In Nigeria – Lagos 1998
Due and Frieslaender: Government Finance economics of the Public Sector
PUBLIC ADMMINISTRATION III -PA III
Aims:
To test candidate’s understanding of the practices of public Administration
.
Contents:
i The Nigerian Civil Service – Structure, function, problems of communication, delegated legislation and status position.
ii Public Policy – Process, formulation, implantation and evaluation Executive council and policy analysis, inputs into Executive Council decision making Process. Preparation/ drafting of EXCO memorandum, follow-up action etc.
iii Efficiency in the Public Service Meaning, measures of efficiency and causes of inefficiency
iv Field Administration and the Nigerian Society –
v Public Personnel Administration
Vi Comparative Public Administration
vii Public Administration and the Nigerian Society- Responsibllity, responsiveness, external controls, roles of action etc.
Recommended Texts
1. IPAN: The Institute’s Study Pack
2. FGN: The Constitution of the federal Republic of Nigeria
3. Murray D. J Studies in Nigeria Administration, Hutchinson, London 1978
4. Smith B C.:Field Administration: An aspect of Decentralization
5. Ladipo Adamolekun Public Administration.
6. Ubeku A .K. Prsonnel Management in Nigeria
7. Mosher F.C. Democracy and the Public Service
8. Balogun M.J. Public Administration in Nigeria. A developmental Approach.
Facilities for Students
The Journal:
The Institute’s official journal is designed to help students and the reading public to keep Abreast with the latest thinking on all aspects of public administration, providing information about the Institute, government events, examination information, student’ letters and social aspect of the society.
It is designed for the benefit of members, students and the general public. It is therefore recommended for member
The Institution’s Study Pack:
The Institution Study Pack is published for the benefit of registered students and can be obtained from the Institute secretariat.
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