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FUNAAB’s B.Sc Accounting Programme is now fully accredited by ICAN!


The
Institute of Chartered Accountants of Nigeria, ICAN has fully accredited
the B.Sc Accounting Programme of Federal University of Agriculture,
Abeokuta (FUNAAB).

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The
Institute of Chartered Accountants of Nigeria (ICAN), has fully
accredited the Bachelor of Science Accounting degree programme being run
in the College of Management Sciences (COLMAS) of the University. The
position of ICAN was recently conveyed in a letter addressed to the
Vice-Chancellor, Professor Olusola Oyewole and signed by the Institute’s
Deputy Director, Students’ Affairs, Mrs. Folake Olawuyi.

The
letter reads as follows: “We are pleased to inform you that the Council
of the Institute has approved full accreditation of the B.Sc Accounting
programme of your University. The accreditation is for the duration of
four academic sessions with effect from 2014/2015 academic session to
2017/2018 academic session. Please, note that only students that
graduated within these academic sessions will enjoy the benefits of
exemption as specified in the Institute’s syllabus. The next visitation
to your institution would be due in (the) 2018/2019 academic session. To
give effect to the decision of Council, the presentation of
Accreditation Certificate would be held in April 2017”, ICAN had stated.

Sequel
to the communication of the full accreditation status to the
University, a meeting had been held between University Management and
ICAN officials, led by its Team Leader, Professor Ishola Akintoye.
Speaking at the event, Professor Akintoye expressed his appreciation to
FUNAAB for the support accorded members of the accreditation teams to
the University. He enumerated the benefits that would come the way of
the University from the existing partnership to include granting of
exemption to Accounting students in the ICAN examination and sponsorship
of four PhD students from accredited institutions to further their
studies.

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Professor Akintoye, a Fellow of ICAN, added that First
Class students in all fields of studies in the University would be
sponsored by ICAN to the tune of N150,000 each, provided FUNAAB
introduced such eligible students to the Institute, while the Department
of Accounting in the University would be qualified to benefit from ICAN
funds allocated for seminars and the hosting of Accounting Week, among
others. The Vice-Chancellor was represented at the parley by the Deputy
Vice-Chancellor (Development), Professor Ololade Enikuomehin, who
appreciated members of the accreditation team for the visit and gave an
assurance that the University would always offer the required support
and be open for collaboration with the Institute, as the ICAN Team
Leader presented copies of the Accounting Syllabus to the University at
the occasion.

Meanwhile, the Vice-Chancellor, Professor Oyewole,
has justified the establishment of the University’s College of
Management Sciences, which was done about five years ago. The
Vice-Chancellor stated this during the commissioning ceremony of a
security desk and chairs donated by the College of Management Students’
Association (COLMASSA), to COLMAS in the University. The
Vice-Chancellor, who was represented at the occasion by the Deputy
Vice-Chancellor (Academic), Professor Oluyemisi Eromosele, called for
patience on the part of stakeholders, as the University was yet to
receive any official directive from the government that the courses
being offered by COLMAS should be suspended. The Vice-Chancellor assured
members of staff of the College that the present crop of students in
the College, as well as the newly-admitted ones in the 2016/2017
Academic Session were meant to run their courses till 2022.
Professor
Oyewole lauded the efforts and generosity of COLMASSA to the College,
saying that it was the first time college students would spend their
fund judiciously, as he attributed the feat to the fact that they were
truly management students, who should know a lot about fund management.
He further appreciated the Acting Dean and staff of the College for the
prompt processing of students’ results, saying COLMAS had grown to
become a factor in the admission process of the University. He also
recalled that out of the 17,434 applications received during the
2016/2017 admission exercise, about 10,500 applied to study in the
College. The Vice-Chancellor encouraged members of staff of the College
to keep working harder, saying all hands should be on deck to maintain
the existing standards.   
The Acting Dean of COLMAS had thanked
the University Management for its usual support for the College, adding
that the College would always key into the vision of the University, as
he also extolled the virtues of his predecessor, Dr. Abiola Philips
of the Department of Economics.  Speaking at the commissioning of the
donated security desk and chairs, the President of COLMASSA, Comrade
Ayodeji Oloruntuyi, appreciated the University Management and College
leadership for providing the enabling environment for the Association to
thrive.  He equally appreciated those that had contributed immensely to
the success of the project, particularly, the team members, who he said
the project had been dedicated to while thanking all for attending the
ceremony.

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