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Educational Development and Production of Accountants in Nigeria: Challenges and Way Forward

Akhidime, Augustine Ehijeagbon and Eriabie, Sylvester O. (2013) Educational Development and Production of Accountants in Nigeria: Challenges and Way Forward. An International Multidisciplinary Journal, Ethiopia, 7 (4). pp. 238-251. ISSN 1994-9057 (Print), 2070--0083 (Online)

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Abstract

This paper, through the review of relevant literature, examined the factors that had hindered the educational development and production of sufficient numbers of desirable quality of professional and academic accountants in Nigeria from meeting the demands of the growing Nigerian economy. Accordingly, the efforts of the two Nigerian professional accounting regulatory bodies and tertiary educational institutions that share the responsibility for the development and production of accountants in Nigeria were examined. The inhibitive factors were identified to include the late take-off of accounting education and the inherent limitations in Nigeria’s tertiary institutions and the poor handling of the production of professional accountants in Nigeria by the two Nigerian professional accounting regulatory bodies. The paper recommended that the contents of the academic and professional accounting curricula be expanded and the duration of accounting education increased from the present four year to five years, while first degree should be made the minimum academic qualification for future professional accountants and for the two professional accounting bodies to get better focused in actualizing their respective statutory mandates if they are to produce globally relevant accountants.

Item Type: Article
Uncontrolled Keywords: Academic Accountants; Accountant academic development; accounting education ; Accountant professional development ; Globally relevant Accountants; accounting education
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 23 Feb 2018 10:23
Last Modified: 23 Feb 2018 10:23
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10250

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