Accounting is undeniably one of the most sought-after Social Science courses in Nigeria. However, due to the stringent requirements set by the National University Council (NUC), only a few Private Universities in Nigeria are eligible to offer this program.
In this blog post, we will explore the list of reputable Private Universities that provide undergraduate and postgraduate programs in Accountancy, some even offering professional courses like ACCA and ICAN.
List of Private Universities Offering Accounting in Nigeria:
- Babcock University, Ilishan-Remo
- Bowen University, Iwo
- Covenant University, Ota
- Crawford University, Igbesa
- Caleb University, Imota
- Madonna University, Okija
- Pan-Atlantic University, Lagos
- Joseph Ayo Babalola University, Ikeji-Arakeji
- Redeemer’s University, Ede
- Ajayi Crowther University, Oyo
- Baze University, Abuja
- Elizade University, Ilara-Mokin
- Landmark University, Omu-Aran
- Novena University, Ogume
- Salem University, Lokoja
- Tansian University, Umunya
- Veritas University, Abuja
- Wesley University of Science and Technology, Ondo
- Western Delta University, Oghara
- Chrisland University, Abeokuta
These universities are recognized for their commitment to academic excellence and offer rigorous programs in Accounting. However, it’s important to note that this list might not be exhaustive and is subject to change.
Advantages of Studying Accounting:
Studying Accounting opens doors to a promising career with numerous opportunities. Accountants play a crucial role in financial management, tax planning, auditing, and business consulting. By pursuing a degree in Accounting, students gain a strong foundation in financial principles, analytical skills, and ethical practices, making them valuable assets in various industries.
Professional Certification Opportunities:
Many of the listed universities also offer professional courses like ACCA (Association of Chartered Certified Accountants) and ICAN (Institute of Chartered Accountants of Nigeria). Earning these certifications further enhances the credibility of an accountant and opens doors to higher career prospects.
FAQs:
What are some top private universities in Nigeria that offer accounting/accountancy programs?
Several reputable private universities in Nigeria offer strong accounting/accountancy programs. Some of the well-known ones include:
- Covenant University: Located in Ota, Ogun State, it is renowned for its robust curriculum and emphasis on leadership and entrepreneurship.
- Babcock University: Situated in Ilishan-Remo, Ogun State, Babcock has a well-established faculty of management sciences with a strong accounting program.
- American University of Nigeria (AUN): Located in Yola, Adamawa State, AUN offers an American-style education with a strong emphasis on practical and liberal arts education.
- Igbinedion University: Based in Okada, Edo State, this university is one of the pioneers among private institutions in Nigeria offering accounting.
- Bowen University: Located in Iwo, Osun State, known for its commitment to high academic standards in accounting education.
What are the accreditation requirements for accounting programs in private universities in Nigeria?
Accounting programs in Nigerian universities must be accredited by the National Universities Commission (NUC). Additionally, for an accounting program to be recognized, it often needs to be certified by professional accounting bodies in Nigeria such as the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN). These bodies ensure the program meets specific educational standards necessary for professional practice.
What are the typical admission requirements for accounting programs in these universities?
Admission requirements can vary from one university to another but generally include:
- A minimum of five credits at the SSCE/GCE Ordinary Level in not more than two sittings. Required credits typically include Mathematics and English Language, along with other relevant subjects such as Economics, Accounts, Business Studies, and Government.
- Passing the Unified Tertiary Matriculation Examination (UTME) and often, a university-conducted post-UTME screening.
- Some universities might also require letters of recommendation and interviews for prospective students.
Are there opportunities for professional certification while studying accounting in private universities?
Many private universities in Nigeria have integrated preparatory courses and examinations that align with professional accounting certifications into their curricula. Students often have the opportunity to prepare for and take exams leading to qualifications such as ICAN (Institute of Chartered Accountants of Nigeria), ACCA (Association of Chartered Certified Accountants), and CIMA (Chartered Institute of Management Accountants) certifications while still in school. Some universities also offer special programs and partnerships with these professional bodies to facilitate student certification.
What are the career prospects for graduates of accounting from private universities in Nigeria?
Graduates of accounting from private universities in Nigeria generally have good career prospects due to the rigorous training and the universities’ emphasis on practical skills. They are eligible to work in various fields such as:
- Public accounting firms offering auditing, tax, and consulting services.
- Corporate accounting roles such as financial analysis, budgeting, and financial forecasting.
- Government and nonprofit accounting, managing funds, budgets, and financial planning.
- Financial services such as banking, investment management, and insurance.
- Additionally, many graduates pursue entrepreneurial ventures or further studies both within and outside Nigeria.
Conclusion
Choosing to study Accounting in one of Nigeria’s reputable private universities can pave the way for a successful and fulfilling career. Remember, this list may change over time, so it’s essential to stay updated with the latest information before making your decision. We wish you all the best in your academic journey and hope this blog post helps you make an informed choice.