The Accounting programme of the Department of Accounting, was established in 1982, under the Faculty of Social and Management Sciences in the first phase of the development of the Ogun State University (as it was known). The programme produced its first set of graduates in 1986. The programme offers a Bachelor’s Degree in Accounting. The programme has produced a number of graduates serving in strategic positions in industries and government. Academic vacancies in various Universities and other tertiary institutions in Nigeria are also filled by graduates of its higher degree programmes. The Department enjoys a good evaluation of employers and relevant professional Accounting bodies, such as Institute of Chartered Accountants of Nigeria (ICAN).
Consequently, as a Recognized Training Institution (RTI), its graduates enjoy exemptions from different parts of the professional body’s examinations. Similarly, the department currently collaborates with the Institute of Chartered Accountants of Nigeria (ICAN) in a two-year linkage programme for qualified members to earn a Bachelor’s (B.Sc) degree in accounting.
One of the series of support from the accounting profession designed to sustain and enhance the quality of our academic programme, is a chair endowed by a reputable firm of Chartered Accountants, Zacc Ososanya and Co., and a thirty Million naira (N30 million) building donated by Chief Fredrick Olabode Ogunlana, a past president of the Chartered Institute of Insurance of Nigeria (CIIN). The Accounting Department is currently housed inside the Olola Olabode Ogunlana Accounting complex. The Institute of Chartered Accountants of Nigeria (ICAN) similarly donated a lecture hall to the Department in recognition of the immense contribution of the studentship and membership pool of the professional Institute.
PHILOSOPHY OF THE PROGRAMME
To produce accounting graduates that possess adequate technical and theoretical knowledge to contribute to the development of accounting practice in particular and function in all areas of the economy, excel in postgraduate and professional studies relevant and adequate to develop entrepreneurial spirit of employers rather than employees and be relevant in their immediate and international environment.
OBJECTIVES OF THE PROGRAMME
The Accounting programme is designed to produce a well-articulated academic as well as professionally-equipped individual. Thus, the objectives of the B.Sc. (Accounting) degree programme include the following:
(i) Preparing students for careers in the public and private sectors;
(ii) Providing a strong academic background for research and post-graduate studies;
(iii) Preparing students for the acquisition of necessary professional competence that is required by national and international Accounting Bodies.
In achieving the aforementioned objectives, the department places much emphasis on qualitative approach to financial statements’ analysis and managerial decision making. Students in the department will be exposed to all areas of Accounting including Financial, Managerial, Auditing & Assurance and Public sector and Finance.
A. Four-Year Degree Programme
(i) Candidates must have five ‘O’ Level Credits in GCE or SSCE or NECO at not more than two sittings in subjects which must include English Language and Mathematics. The remaining three subjects must be from Economics, Geography, Commerce, Government and Accounts & Book-keeping.
(ii) Candidates must take English Language and Mathematics and two other subjects from Economics Geography, Commerce, Government and Accounts &Book-keeping at the UTME (JAMB)
B. Three-Year Degree Programme
In addition to the requirements in (A) above, candidates must have at least one of the following:
(i) Pass in at least two subjects in HSC or GCE “A” Level. (the grade point to be determined by the Department from time to time)
(ii) OND in Accounting or Financial Studies or Business Studies of approved Polytechnic or Colleges of Technology with at least Upper Credit,
(iii) ICAN ATS (Final Level)
(iv) Foundation pass of recognized professional bodies such as ICAN, ACCA, CIMA, CIBN, CIA, CIS, CITN, ATSWA
(v) Diploma in Accounting of the OlabisiOnabanjo University, Lower Credit may be accepted.
(vi) Diploma certificates from any other approved programmes from the Social and
Management Sciences (Particularly Business Administration, Economics and Banking & Finance) of the OlabisiOnabanjo University. Lower Credit may be accepted.