The aims of this module are to introduce the major areas and issues of Construction and evaluation of Actuarial models. The module is based on the following points Selection and application of an appropriate actuarial model to data at hand; Provides a practical understanding of the processes involved in the evaluation of an actuarial model Having successfully completed this module, students should be able to Analyse data from an application in a business context. Determine a suitable model including parameter values; and Provide measures of confidence for decisions based upon the model.
At the end of this course in combination of the previous courses learners should be able to demonstrate knowledge and understanding of:
- Applying Mathematics and quantitative knowledge commensurate with the rigorous requirements of actuarial science.
- The fundamental concepts, principles and theories of actuarial science.
- Design and development of life assurance and other appropriate products
- The professional, legal and ethical responsibilities of actuarial science
- The environmental and social impact of actuarial science
- Business and management techniques relevant to actuarial science
- Quality and benchmarks in actuarial science
The implementation of regional insurance certification for the EAC states is one of the responses initiated to enhance capacity of insurance practitioners to address challenges of regional economic integration. The insurance sector plays a critical role in financial and economic development in the following ways:
The sector helps pool risk and reduces the impact of large losses on firms and households—with a beneficial impact on output, investment, innovation, and competition.
The module introduces to students a range of business analysis which includes strategy analysis - accounting analysis, financial analysis, prospective analysis. Further, this module familiarizes the students, industry analysis corporate strategy analysis competitive strategy analysis, profitability analysis, security analysis and how the managers use them to monitor, evaluate and judge their firm's performance relative to competitors and communicate to external investors. How the investment bankers, securities analysts, use business analysis for the purpose of valuing and analyzing prospective buyouts, mergers, and acquisitions.
This module provides the students with an understanding of the diverse roles of the management accountant in planning and decision making and it provides the emphasize on the performance evaluation systems. Further, this module familiarizes the students with the application of managerial accounting techniques, analytical tools and critical problem-solving skills in managerial functions. It also enables the students to adopt and develop the management performance reports and to review an organization’s progress and position.
This module aims at equipping students with public sector accounting
procedures, theories and financial reporting methods applied in the public
sector. Further, it gives students ability of understanding and preparation of
public sector accounts. It will also create an understanding of public finance,
state budget - estimates and payments procedures
Electronic commerce, commonly known as e-commerce or ecommerce, consists of the buying and selling of products or services over electronic systems such as the internet and other computer networks. The amount of conducted electronically has grown extraordinary with widespread Internet usage .The use of commerce is conducted in this way ,spurring and drawing on innovation in electronic funds transfer ,supply chain management ,Internet marketing online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction’s lifecycle, although it can encompass a wider ranger of technologies such as e-mail as well.
A large percentage of electronic commerce is conducted entirely electronically for virtual items such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is sometimes known as e-tail. Almost all big retailers have electronic commerce presence on the World Wide Web.
Electronic commerce that is conducted between businesses is referred to as business-to- business or B2B. B2B can be open to all interested parties (e.g. commodity exchange) or limited to specific, pre-qualified participants (private electronic market). Electronic commerce that is conducted between businesses and consumers, on the other hand, is referred to as business-to- consumer or B2C. This is the type of electronic commerce conducted by companies such as Amazon.com. Online shopping is a form of electronic commerce where the buyer is directly online to the seller’s computer usually via the internet. There is no intermediary service. The sale and purchase transaction is completed electronically and interactively in real-time such as Amazon.com for new books. If an intermediary is present, then the sale and purchase transaction is called electronic commerce such as eBay.com.
Electronic commerce is generally considered to be the sales aspects of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of the business transactions.
The primary aim of this module is to make students gain a detailed understanding of how the investment process works to maximize the investor’s returns, to make investment goals and objectives within a risk tolerance. This module makes investing less difficult, by clearly explaining the risk and return concepts, various investment terms; by elucidating the possible investment alternatives; and by discussing many of the techniques professional use to value assets/securities and to conduct diversified portfolios that increase investor’s chance of making informed decisions.
The primary aim of this module is to make students gain a detailed understanding of how the investment process works to maximize the investor’s returns, to make investment goals and objectives within a risk tolerance. This module makes investing less difficult, by clearly explaining the risk and return concepts, various investment terms; by elucidating the possible investment alternatives; and by discussing many of the techniques professional use to value assets/securities and to conduct diversified portfolios that increase investor’s chance of making informed decisions.
This module aims at equipping students with public sector accounting procedures, theories and financial reporting methods applied in the public sector. Further, it gives students ability of understanding and preparation of public sector accounts. It will also create an understanding of public finance, state budget - estimates and payments procedures.
The course studies the application of economics tools to analyze health related problems
This module introduces to the students about the role and significance of accounting information and the fundamentals and basic accounting procedures, accounting principles, accounting concepts, assumptions and conventions, accounting cycle, which are involved in the production of a business entity’s financial statements and enabling the students to understand the basic language of the business, accounting as a science in addition to gain knowledge of recording of business transactions, measurement of business performance and the assessment of financial position of the organizations.
This module will offer to the students with opportunity to gain an enhanced understanding of Enterprise Applications and Information Storage Technologies. Whilst not intended for those interested in the more technical aspects of computing, the module aims to develop knowledge and understanding of both theoretical and practical systems applications.
This is a master level course in Microeconomics and it is expected to prepare students to make decisions on Microeconomic policies. The course will be a little higher than that of the final year level of Microeconomics. It will also make use of rigorous mathematical techniques. A good understanding of Microeconomics at undergraduate level and Calculus will be of great help.
Description
This Module introduces to the students the Accounting techniques, skills and other practical knowledge which are useful to come across in different types of business entities and organizations' Accounting Practices such as: Accounting for Manufacturing Industries, Accounting for Non profit – making entities, Accounting for Partnerships, Accounting for Limited Companies. Further this module deals with preparation of financial statements, cash flow statement and assessing the performance of a limited company by using simple financial analysis and ratios.