₦airaland Forum

There has been some changes to the BSc (Hons) in Applied Accounting by Oxford Brookes University for (periods 37 ) November 2018 and (Period 38) May 2019

This affects all students undertaking the OBU RAP on Topic 8 and 15. These changes effect the November 2018 (Period 37) and May 2019 (Period 38) submission periods

All students submitting a project on topic 8 or topic 15 in either November 2018 ( perios 37) or May 2019 (period 38) MUST use sector specific organisations, based on the Industry Classification Benchmark (ICB). These sectors are:

Mining
a. Coal Companies engaged in the exploration for or mining of coal.
b. Diamonds & Gemstones Companies engaged in the exploration for and production of diamonds and other gemstones.
c. General Mining Companies engaged in the exploration, extraction or refining of minerals not defined elsewhere within the Mining sector.
d. Gold Mining Prospectors for and extractors or refiners of gold-bearing ores.
Health Care Providers
Owners and operators of health maintenance organizations, hospitals, clinics, dentists, opticians, nursing homes, rehabilitation and retirement centres. Excludes veterinary services, which are classified under Specialized Consumer Services.
Electronic & Electrical Equipment
a. Electrical Components & Equipment
Makers and distributors of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. Includes makers of cables, wires, ceramics, transistors, electric adapters and security cameras.
b. Electronic Equipment Manufacturers and distributors of electronic products used in different industries. Includes makers of lasers, smart cards, bar scanners, fingerprinting equipment and other electronic factory equipment.
These changes on sectors will apply to students submitting the OBU/ACCA RAP for the first time on Topic 8 and 15, or for students changing topic in both the November 2018 (Period 37) and May 2019 (Period 38).

My advise to Students is to read the Industry Classification Benchmark (ICB) rules by FTSE International Limited (FTSE), to confirm whether their chosen company falls within the confines of the approved industries.

Some Useful tips for Topic 8.

TOPIC 8: UNDERSTANDING THE 3 PRE-DEFINED INDUSTRIES

Pharmaceutical and Biotechnology:

What This Industry Is About

Definition as per Industry Classification Benchmark (ICB)

Pharmaceutical:
Companies engaged in research into and development of biological substances for the purposes of drug discovery and diagnostic development, and which derive the majority of their revenue from either the sale or licensing of these drugs and diagnostic tools.

Biotechnology:
Manufacturers of prescription or over-the-counter drugs, such as aspirin, cold remedies and birth control pills. Includes vaccine producers but excludes vitamin producers, which are classified under Food Products.
Examples:
Pfizer, GlaxoSmithKline, Merck, Takeda

How to Analyse This Industry
This industry is more complicated than others and requires a student to do a significant amount of external reading. The following are areas to look out for as a student proceeds with the business and financial analysis.

Revenue Growth:
This is driven by releases of new drugs and the expiration of patents on existing drugs. When a patent expires, other companies can “copy and produce” the same drug at a cheaper price – this is known as the generic drugs industry. The expiration of a patent will lead to a drop in revenue as the company must lower its prices so as to compete with the manufacturers of generic drugs.

% of R & D to Sales:
A company invests in its future by entering into R & D for new drugs. It is very expensive to develop new drugs and can easily take more than 10 years. There is a trend of companies lowering drug development risk by acquiring promising biotechnology start-ups instead.

% of Marketing Costs to Sales:
It is costly to advertise and convince the public that a drug is useful. Marketing spend for pharmaceutical companies tend to be high and must be closely watched.

Government intervention:
There is a trend of how governments intervene and either (a) demand price reductions for certain drugs or even (b) neutralize the patent on a drug and allow generics to be made.

Consolidation and Tax Inversion:
This is the latest way for pharmaceutical companies to grow and to reduce their tax liabilities at the same time.

Litigation:
A common issue within the industry, especially when certain drugs lead to fatal outcomes.

How to Bench-Mark within This Industry

Similar product mix:
Understand the product mix of your target company and select an appropriate comparator. Some pharmaceutical companies derive the majority of their income from sale of drugs while others may derive a much lower proportion.
For example, Eli Lilly has most of its revenues from drugs while for Bayer, drugs constitute a minority
of its revenues.

Similar scale:
Scale is a big advantage within the pharmaceutical industry due to how it allows for better economies of scale in R & D, clinical trials and marketing expenses.

Similar accounting standards:
Be mindful of the challenges when selecting a UK company alongside a US one. This will lead to difficulties in comparing their results and adjustments may have to be made.

...consultsip@gmail.com/08020663116/08078793213

My candid advice is to remain in the school while you search for the business. You can then leave the school when the business is in its growth stage in which you cannot combine both your job and the business due to the forces of demand.

Nice job bro, but please don't for to include the fact that paper wastage is to be provided for when printing on offset printing machines.

LAGOS



1. SYNERGY PROFESSIONALS (ACCA Approved Learning Partner)



2, Afric Road, Off Western Avenue,

Behind Leadway Assurance Building Iponri.

jide@synergyprofs.com

femi@synergyprofs.com

234018728885



2. STARRY GOLD ACADEMY



12, Ikosi Road, Oregun,

Ikeja, Lagos.

234802773034

starry.gold@yahoo.com



3. GLOBAL INTERNATIONAL COLLEGE – GIC



No. 26, Block 12 (end of Admiralty Way),

Off Awolowo Road

Lekki Phase 1, Lagos

2348097914171

globalinternationalcollege@gmail.com



4. CENTRE FOR LAW AND BUSINESS LTD (CLB)



18 Babatunde Jose Road, (formerly Festival Road),

off Adetokunbo Ademola Street,

Victoria Island, Lagos.

01 7757719, 01 7757720,

0803 402 2967, 0816 644 5122, 0706 311 1245

info@clb.com.ng



5. FRONTIER BUSINESS SCHOOL



52, Ijaiye Ogba Road

(Beside UBA Bank)

Ogba Ikeja, Lagos.

2348062914233

waleadesina88@yahoo.com



6. THE EXECUTIVE BUSINESS SCHOOL LTD - EBS (ACCA Approved Learning Partner)



Naccima House

8A OBA Akinjobi Street,

GRA Ikeja, Lagos.

2347030821555

2340835286382

info@ebsng.com



7. PACE FINANCIAL TRAINING LTD



(Global Markets Dept. 1st Floor, Building B)

Stanbic IBTC Bank,

Walter Carrington Crescent, Victoria Island, Lagos.

2348098159010

info@pacetrainingltd.com



8. HARVARD PROFESSIONAL TRAINING NIGERIA LTD



86b, Iju Road, Opposite Guinness Co-operative House,

By Jungle B/Stop Pen Cinema,

2347038921211

info@harvardglobal.org



9. INTERNATIONAL BUSINESS SCHOOL - IBS



Lecture Centre: 91/93 Muritala Mohammed Way,

Onayade St, Jibowu, Yaba, Lagos.

2348054958352

agboolaalogbo@yahoo.com



10. LEVERAGE ASSOCIATES LIMITED



5, Olusoji Idowu Street,

Off Association Avenue

Ilupeju, Obanikoro B/Stop

Ikorodu Road, Lagos.

seyiolanrewaju@yahoo.com



11. BENCHMARK BUSINESS SCHOOL



No. 5, Ojolowo Street,

Off Samuel Awonmi Street.

By Salvation B/Stop, Opebi, Ikeja, Lagos.

2348023233106

234805749999

albert.kalu@yahoo.com



12. STUDENTS PYE NIGERIA LIMITED



14 Oweh Street Jibowu,

Fadeyi, Yaba Lagos,

2348033462510

studentspye@yahoo.com



13. WYSE ASSOCIATES LIMITED



Maryland School Complex,

Maryland.

01-4702349

2348052946377

wysestudents@yahoo.com

www.wyse_associates.com



14. CBA BUSINESS ACADEMY



300, Ikorodu Road

By Bank Anthony Bus - Stop, Lagos.

(Same complex with UBA)

2348033053703

2348023200577

Emeka@cbaacademy.net



15. TOP TALENTED



Rasidat College, Lekki

Epe Expressway by Ikoyi bridge

Lekki

Mr Chris: 08037447917

Blessing: 08037764827

info@toptalentedtutors.com

chriscapital@yahoo.com



16. MTI COLLEGE



8, Onansanya Street

Off Ishaga Road

Surulere

Mr Oke: 08088289520

Oluchi: 08054958352

Mti.college@yahoo.com

maofojut@yahoo.co.uk



17. WESTERFIELD COLLEGE



7, Huges Avenue

Alagomegi

Yaba

Mr Olaniyi: 08034033914

Micheal: 08035552005

westerfieldcollege@yahoo.com



18. LEGENDS BUSINESS SCHOOL

Legend House, 105 Ogombo Road,

Off Abraham Adesanya Estate Gate,

Lekki Scheme 2, Ajah Lagos

Mr. Ben Anya: 08082000470

bencisa@yahoo.com



19. TOMASHILL ASSOCIATES

31/33 Iwaya Road,

Yaba.

08126578742, 08092195383

vicakins2000@yahoo.co.uk





20. ADRAC BUSINESS SCHOOL

Legomo House

151, Ikorodu Road

Onipanu

08035487820, 08022796341

adracbusinessschool@gmail.com



21. GM CONSULTING MULTIPURPOSE LIMITED

22, Thomas Salako Street

Ogba, Ikeja

0816891119, 08050246836

info@gmconsulting.com.ng



22. HARLEY REED TRAINING

148/150 Bode Thomas Street

Surulere

07068467317

accang@harleyreed.com



23. TREASUREHALL TRAINING

Waterfront Plaza

1st Avenue (opposite Mr Biggs)

Festac Town

01-7943321, 08035237320

info@treasurehalltraining.com



24. IVY LEAGUE ASSOCIATES (ACCA Approved Learning Partner)

1b Birrel Avenue, Beside Fidelity Bank

Sabo, Yaba

08020729220

iveleagueassociates@yahoo.com



25. BCG LIMITED

6/9 Church Street

Opebi

Ikeja

08131170180, 08023233106

jude.bcgltd@yahoo.com



26. THE NEW SYNERGY SPECIALISTS (TNSS)

Nigerian Law Publication House

Otunba Jobi Fele Way

Beside CITN Building

Alausa CBD,

Ikeja.

234-70022558677, (0)8182957992, (0)8182959470, (0)8182959451, 0818 295 9445

info@tnssnigeria.com



IBADAN



1. COLLECTIVE COLLEGE OF ACCOUNTANCY LTD - CCA

1, Laditi Street, Benjamin B/Stop,

P.O Box 20490, U.I Post Office,

Eleyeye Ibadan,

20001, Nigeria.

23454064004

registrar@collectivecollege.com



2. ICLASS TUITION

No 31 Awolowo Avenue

Old Bodija

Ibadan

07034586186

iclasstuition@yahoo.com





3. IMPACT BUSINESS SCHOOL

Impact House. General Gas Road, Kolapo Ishola Estate,

Akobo,

Ibadan

Oyo State

234-8023082994, 234-53943323

acca@impactbizschool.com





4. MEMPHIS PRE-VARSITY



No. 1 Memphis House , Olu-adeyoye street,

Off College Crescent Road

Ibadan



Oyo State

234-8094665692 , 234-8094665846

memphisprevarsity@gmail.com



ILORIN



1. ABBAD PROFESSIONAL TRAINING LTD



2nd floor, Omolola House opp.

GSS, P.O Box 3025,

Asunnara Ildrin, 234031.

2347058875737

info@abbadng.com



2. GAINS PROFESSIONAL TRAINING INSTITUTE

2nd Floor Omolola House

Opposite GSS Maraba

Ilorin

080036484161, 07041626838

gainptinfo@yahoo.com



OSHOGBO



1. CORPORATE TRAINING CENTRE

8, Ajegunle Street

Oshogbo

07037193226

ganiy1@yahoo.co.uk



BENIN



1. ASHREV



43, Mission Road (3rd Floor)

Opposite Total Filling Station

Benin City

08158639555

08064802438



WARRI



1. INTEGRITY PROFESSIONALS (IPAS)



253, Warri Sapele Road.

Delta State.

2348060008880

2348028808182

integrity@yahoo.com

pintegrity@yahoo.com



PORT HARCOURT



1. POTEC TRAINING CENTRE



No. 1 Chinda Street, Off Stadium

Road, Port Harcourt

2348033403848

2348032616255

mikeosime@yahoo.com



2. TOPS PROFESSIONAL SOLUTIONS



5B Omerelu Street

GRA, Port-Harcourt

08022275354



3. NOVO ASSOCIATES



11 Iriebe Street

D-Line, Port-Harcourt

08037460560

mudiagaidogun@yahoo.com



UYO



1. NEW FRONTIERS



08067655752



ABUJA



1. BRATIM



Sanusi Dantata

House, Plot 274 Cadastral

Zone Central Business District

Abuja.

2348030408384

2348033577375

tejan@bratim.com

aisha.raji@bratim.com



2. HEDGES PROFESSIONAL SERVICES (ACCA Approved Learning Partners)



Suite 323, Lozumba Plaza

Area 10, FCT

Abuja

Mr Oke: 08088289520

Sunday: 08054958352

info@hpsnig.com



3. X-EDGE

Ground Floor, Right Wing, Nigeria Reinsurance Building

Plot 784A Herbert Macauley Way,

Central Business District Abuja

234-8067398382;08141229393

info@xedgeonline.com

xedge@ymail.com



KADUNA



1. PRIME TRAINING AND CONSULTANCY SERVICES LTD



Suite 2/3, Legacy House

Mogadishu Layout Off Ahmadu Bello Way

Behind Chachangi Airline Ticket Office,

Kaduna, Nigeria

2348036774339

primetraining@gmail.com



UMUAHIA



1. CREDENCE BUSINESS ACADEMY LTD

37 Awolowo Street

By Uzoakoli Road

Umuahia

08037766308

chinexwazhia@yahoo.com

www.credencebizacademy.com

Oxford Brookes University announces a number of changes to the
BSc (Hons) in Applied Accounting
CHANGES TO THE RESEARCH REPORT

New for 2016 and ongoing:

Topics 8 and 15 new requirements: May 2016 (Period 32) and November 2016
(Period 33)
All students submitting a project on topic 8 or topic 15 in either May 2016 or November 2016 must use sector specific organisations, based on the Industry Classification Benchmark (ICB).

These sectors are:

Airlines
Pharmaceuticals and Biotechnology
Mobile telecommunications


These sectors will apply to students submitting for the first time or for students changing topic in both the May 2016 (Period 32) and November 2016 (Period 33). Sectors for future periods will be released on 1 December each year and will cover the following two submission periods. The main focus of your project research must be an analysis/evaluation of the project topic area issues in the context of your chosen organisation.
CHANGES TO THE SLS

New for 2016 and ongoing:

SLS new requirements: November 2016 (Period 33) onwards
The assessment is changing and students will be required to write a 2,000-word critical reflection ‘what you have learned from undertaking the Research and Analysis Project’ supported by personal examples. This change will take effect from November 2016 (Period 33 onwards) and not as originally planned in May 2016.
CHANGES TO ELIGIBILITY CRITERIA

Students must have met all the eligibility criteria at least two months prior to the start of the submission period in which the student is seeking to submit. (In practice, this means that students who have sat the last of their Fundamentals exams in the March ACCA exam session – and who subsequently pass them – will not be eligible to submit a RAP in the May submission period of that same year, and students who have sat the last of their Fundamentals exams in the September ACCA exam session – and who subsequently pass them – will not be eligible to submit a RAP in the November submission period of that same year.)
CHANGES TO MENTOR REQUIREMENTS

All students must use a registered mentor who has successfully completed the online mentoring course and who is registered with Oxford Brookes University to mentor BSc (Hons) in Applied Accounting students. This will apply to students in the following categories:

First-time submissions
Students resubmitting who have changed their mentor since their previous submission


Students who are resubmitting and who submitted prior to the requirement for having a registered mentor and who have not changed their mentor will be able to use their previous mentor’s details.

If you have any further queries, please email Oxford Brookes University at acca@brookes.ac.uk

Latest News from OBU



Oxford Brookes University announces a number of changes to the
BSc (Hons) in Applied Accounting
CHANGES TO THE RESEARCH REPORT

New for 2016 and ongoing:

Topics 8 and 15 new requirements: May 2016 (Period 32) and November 2016
(Period 33)
All students submitting a project on topic 8 or topic 15 in either May 2016 or November 2016 must use sector specific organisations, based on the Industry Classification Benchmark (ICB).

These sectors are:

Airlines
Pharmaceuticals and Biotechnology
Mobile telecommunications


These sectors will apply to students submitting for the first time or for students changing topic in both the May 2016 (Period 32) and November 2016 (Period 33). Sectors for future periods will be released on 1 December each year and will cover the following two submission periods. The main focus of your project research must be an analysis/evaluation of the project topic area issues in the context of your chosen organisation.
CHANGES TO THE SLS

New for 2016 and ongoing:

SLS new requirements: November 2016 (Period 33) onwards
The assessment is changing and students will be required to write a 2,000-word critical reflection ‘what you have learned from undertaking the Research and Analysis Project’ supported by personal examples. This change will take effect from November 2016 (Period 33 onwards) and not as originally planned in May 2016.
CHANGES TO ELIGIBILITY CRITERIA

Students must have met all the eligibility criteria at least two months prior to the start of the submission period in which the student is seeking to submit. (In practice, this means that students who have sat the last of their Fundamentals exams in the March ACCA exam session – and who subsequently pass them – will not be eligible to submit a RAP in the May submission period of that same year, and students who have sat the last of their Fundamentals exams in the September ACCA exam session – and who subsequently pass them – will not be eligible to submit a RAP in the November submission period of that same year.)
CHANGES TO MENTOR REQUIREMENTS

All students must use a registered mentor who has successfully completed the online mentoring course and who is registered with Oxford Brookes University to mentor BSc (Hons) in Applied Accounting students. This will apply to students in the following categories:

First-time submissions
Students resubmitting who have changed their mentor since their previous submission


Students who are resubmitting and who submitted prior to the requirement for having a registered mentor and who have not changed their mentor will be able to use their previous mentor’s details.

If you have any further queries, please email Oxford Brookes University at acca@brookes.ac.uk

An audit firm is seeking someone with
the practical skills and knowledge in the
field of audit that can transfer this skills
and knowledge by way of training its staff.
If you are interested please call
Richard on 08038869254.

The firm is located in Enugu, but still call if
you reside outside the state.

One of the reasons why topic 8 is the most popular topic choice is that it is supported 100% by secondary research of material in the public domain. Any attempt to try to arrange an interview with a senior executive of a major organisation will probably not succeed. Indeed, if all the interviews alleged to have taken place in student RAPs actually did take place, the executives concerned would have no time to carry out their duties! In any event, you are less likely to obtain objective comments and answers from the company than from an independent commentator - John Playle (chief moderator for Oxford Brookes University BSc (Hons) in Applied Accounting).

Sip Consult is back to discuss your RAP with you.
As long as it is topic 8, you have nothing
to fear as Sip Consult is ever ready to assist you
in your analysis and evaluation of your main
company and your comparator.

So email Sip Consult to guide you through the RAP process
and you will never regret having Sip Consult
as your guide.

Please feel free to drop any questions or comments.

Hi Everyone,
If you're reading this, it may mean that you either have challenges with your RAP (Topic 8 ) or just passing by.
For those finding Topic 8 challenging, help is here. Simply email consultsip@gmail.com and we will give you the
edge you so desire to stay on top of your game.

Consult Sip