Cooperative Legislation
- Management Sciences
- 300 level
- 2 credit units
- 109 pages
- 15 units
This course provides an in-depth exploration of cooperative legislation, focusing on the rules and regulations that govern cooperative societies. It examines the rights, liabilities, and duties of cooperative members, as well as the functions and roles of management committees. The course also covers the procedures for auditing, inquiry, and inspection of cooperatives, and the distribution of net surpluses. It further delves into national policies on agricultural cooperatives.
About this course
- Difficulty
- Intermediate
- Study hours
- 40 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor Marked Assignments
- Final Examination
What you'll read
The real module and unit structure of COP312, taken from the course material NOUN publishes.
- UNIT 1: Nature of and Provisions in the Regulations/Rules of Co-operative SocietiesPage 9
- UNIT 2: Functions of a Director in a co-operative organizationPage 17
- UNIT 3: Nature of general meetings in a co-operative societyPage 23
- UNIT 4: Nature of a management committee in a co-operative societyPage 32
- UNIT 5: Roles of Management CommitteePage 38
- UNIT 6: Composition of a management committeePage 43
- UNIT 7: Functions of the officials of management committeePage 49
- UNIT 8: Delegation of Management Committee functionsPage 55
- UNIT 9: Audit Inspection and enquiry committeePage 60
- UNIT 10: Procedures for Auditor’s appointmentPage 65
- UNIT 11: Functions and Powers of AuditorsPage 72
- UNIT 12: Inquiry and inspection of co-operativesPage 77
- UNIT 13: Distribution and uses of net surplus in a co-operative societyPage 83
- UNIT 14: Dividend Payment and Interest on shares of co-operative societiesPage 88
- UNIT 15: National Policy on Agricultural Co-operativesPage 98
One paragraph, so you can see how it reads
COP312 · UNIT 1: Nature of and Provisions in the Regulations/Rules of Co-operative Societies
The nature of and provisions in the regulations/rules governing the internal organization of co-operative societies has been explained. Adequate information on the content of this unit is expected to provide sufficient knowledge on the basic guidelines governing the conduct of the co-operative societies in Nigeria.
What you should be able to do
- Identify regulations guiding cooperative activities.
- Assess rights and liabilities of cooperative members.
- Explain functions of directors and management committees.
- Understand auditing procedures and financial oversight.
- Apply national policies on agricultural cooperatives.
- Describe the procedures for general meetings.
What it prepares you for
- Cooperative Manager
- Agricultural Officer
- Credit Officer
- Auditor
- Policy Analyst
- Agriculture
- Finance
- Community Development
- Government
- Non-profit Organizations
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2: Cooperative Management
Unit 5: Roles of Management Committee
Requires understanding of complex financial oversight and resource management principles.
- Module 3: Auditing and Policies
Unit 11: Functions and Powers of Auditors
Involves understanding of legal and regulatory requirements for financial auditing and reporting.
A suggested way through it
13 weeks, about 48 hours in total. Yours will differ.
- Week 1Module 1: Cooperative Legislation
Unit 1: Nature of and Provisions in the Regulations/Rules of Co-operative Societies · 3 hours
Read the introduction to understand the importance of regulations in cooperative societies.. Identify the regulations guiding cooperative activities.. Understand the privileges of registered cooperative members..
- Week 2Module 1: Cooperative Legislation
Unit 1: Nature of and Provisions in the Regulations/Rules of Co-operative Societies · 3 hours
Assess the rights and liabilities of cooperative members as stipulated in the by-laws.. Examine the duties of cooperative society members.. Complete the tutor-marked assignment to reinforce understanding..
- Week 3Module 1: Cooperative Legislation
Unit 2: Functions of a Director in a co-operative organization · 3 hours
Understand the guidelines for selecting board of directors.. Learn the functions of a director in a cooperative organization.. Study the qualifications required for a director..
- Week 4Module 1: Cooperative Legislation
Unit 2: Functions of a Director in a co-operative organization · 3 hours
Know the various functions of the board of directors in managing cooperative societies.. Review the articles of incorporation and bye-laws.. Complete the tutor-marked assignment to reinforce understanding..
- Week 5Module 1: Cooperative Legislation
Unit 3: Nature of general meetings in a co-operative society · 3 hours
Understand how a quorum is formed for general meetings.. Appreciate the powers of Annual General Meetings.. Understand how voting is conducted at General meetings..
- Week 6Module 1: Cooperative Legislation
Unit 3: Nature of general meetings in a co-operative society · 3 hours
Understand the length and service of notice for calling General Meetings.. Understand the relevance and contents of the minutes of general meetings.. Complete the tutor-marked assignment to reinforce understanding..
- Week 7Module 2: Cooperative Management
Unit 4: Nature of a management committee in a co-operative society · 3 hours
Understand the relevance of management committee in the running of cooperatives.. Explain what could lead to the suppression of management committee.. Study the meetings of the Management Committee..
- Week 8Module 2: Cooperative Management
Unit 4: Nature of a management committee in a co-operative society · 3 hours
Review the causes of suppression of committee.. Complete the tutor-marked assignment to reinforce understanding.. Understand the roles of Management Committee..
- Week 9Module 2: Cooperative Management
Unit 5: Roles of Management Committee · 3 hours
Explain the term 'Management Committee'.. Identify and discuss the roles of management committee of co-operative societies.. Study the vision and leadership roles of the committee..
- Week 10Module 2: Cooperative Management
Unit 5: Roles of Management Committee · 3 hours
Understand the accountability and legal responsibilities of the Management Committee.. Review the financial oversight and management of staff and volunteers.. Complete the tutor-marked assignment to reinforce understanding..
- Week 11Module 2: Cooperative Management
Unit 6: Composition of a management committee · 3 hours
Understand the composition of the management committee of the co-operative society.. Appreciate the distinct roles of the key officers of the management committee.. Study the roles of the Chairperson, Secretary, and Treasurer..
Unit 7: Functions of the officials of management committee · 3 hours
Know the key officials of Management Committees.. Identify the functions of the officials of the Management Committees of cooperative societies.. Study the functions of the Treasurer, Secretary, and Chairperson..
- Week 12Module 3: Auditing and Policies
Unit 8: Delegation of Management Committee functions · 3 hours
Appreciate reasons for effective delegation of responsibilities.. Examine processes for choosing to delegate responsibilities.. Spotlight key points for effective delegation..
Unit 9: Audit Inspection and enquiry committee · 3 hours
Define who an auditor is.. Enumerate and explain the duties and powers of auditors.. Clearly justify the relevance of audit and inquiry committee in the management of co-operatives..
- Week 13Module 3: Auditing and Policies
Unit 10: Procedures for Auditor's appointment · 3 hours
Know who auditors are.. The procedure for the appointment of auditors.. What could lead to the termination of appointment of auditors..
Unit 11: Functions and Powers of Auditors · 3 hours
Know the meaning of auditing in co-operative studies.. Identify the types of auditors in the internal financial management of the Co-operative societies.. Know the various functions and powers of the auditors.
Preparing for the exam
- Review all units, focusing on key regulations and legal provisions.
- Create summaries of the roles and responsibilities of cooperative officials.
- Practice applying auditing procedures to sample financial statements.
- Study case studies of successful and unsuccessful cooperative societies.
- Understand the national policies on agricultural cooperatives and their implications.
Questions students ask about this course
What is COP312 about?
This course provides an in-depth exploration of cooperative legislation, focusing on the rules and regulations that govern cooperative societies. It examines the rights, liabilities, and duties of cooperative members, as well as the functions and roles of management committees. The course also covers the procedures for auditing, inquiry, and inspection of cooperatives, and the distribution of net surpluses. It further delves into national policies on agricultural cooperatives.
How many units does COP312 have?
COP312, Cooperative Legislation, has 15 units across 1 module, over 109 pages of course material. You can read it one unit at a time.
How many credit units is COP312?
COP312 carries 2 credit units, at 300 level in Management Sciences.
Is COP312 hard?
COP312 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does COP312 take to study?
About 40 hours of study, spread across its 15 units.
How is COP312 assessed?
COP312 is assessed by Assignments, Tutor Marked Assignments and Final Examination.
What can I do with COP312?
Cooperative Manager, Agricultural Officer, Credit Officer, Auditor and Policy Analyst.