The inception of the Department of Accounting dated back to 1991, under the purview of the Faculty of Management and Social Sciences. In a pivotal turn of events during the 2000/2001 Session, the Faculty of Management Sciences attained an independent status, distinguishing itself from the realm of the Social Sciences. Consequently, the Department of Accounting has since functioned as an integral component of the Faculty of Management Sciences.

At its inception, the Department was led by the esteemed Professor Christopher Sunday Ola as the Pioneer Head. The inaugural academic staff comprised notable individuals: Dr. A. O. Obe, Mr. K. J. Osanyinbi, Mr. S. A. Adereti, and Mrs. A. R. Ayeni-Agbaje. The Department’s journey commenced with an enrollment of 32 students, culminating in their graduation during the 1995/1996 session.

At present, the Department is fostering two programmes that were inaugurated in 2017. These programmes encompass the Department of Actuarial Science and Entrepreneurship. Notably, the department successfully conferred degrees upon its inaugural cohort during the academic session of 2020/2021.

Over the past years, the mantle of leadership has been held by accomplished individuals who have guided the department’s trajectory:

1. A. A. Awe – from 2013 to 2014
2. G.T. Akinleye – from 2014 to 2016
3. C. O. Olaoye – from 2016 to 2018
4. F. O. Olaoye – from 2018 to 2020
5. A. A. Ogunmakin – from 2020 to 2022
6. (Mrs.) A. R. Ayeni-Agbaje – from 2022 to the present date

These leaders have not only steered the Department’s course but have also contributed significantly to its growth and distinction within the academic landscape.

Our Philosophy

The general philosophy is to develop the mind, impart both theoretical and practical knowledge on individuals to develop self-confidence, be innovative and self-reliant in the fields of Accounting, Taxation, Actuarial and Entrepreneurship.

The need to develop men and women of good behaviour, unquestionable character, ethical conduct and moral uprightness couple with sound academic competence that will enable them to compete favourably with their peers both nationally and internationally to fit into the academia and professional fields in commerce, industry and governance are part of the components of the philosophy of B.Sc. Accounting programme in the Faculty of the Management Sciences, Ekiti State University, Ado-Ekiti.

Bachelor of Science in Accounting (B.Sc. Accounting)

In pursuit of these objectives, the curriculum adopts a comprehensive interdisciplinary approach. Firstly, students are introduced to foundational courses encompassing English language, Economics, Financial Statistics, Computer Science, and Philosophy/Logic. These courses serve as a fundamental bedrock for cultivating effective problem-solving skills.

Subsequently, the Department provides a series of mandatory “core” courses covering subjects such as Business and Management, Financial Accounting, Financial Management, Taxation, Auditing & Assurance Services, Economics, Cost Accounting, Information System Public Sector Accounting and Environmental Accounting. This phase of the curriculum imparts indispensable knowledge and competencies vital for a well-rounded grasp of these crucial domains.

Concluding the academic journey, students are encouraged to elect a tailored set of courses aligning with their personal interests and career ambitions within the broader spheres of general education and business/management. These elective courses not only enrich their specialisation but also cater to their individual preferences and professional aspirations.

The pinnacle of the programme is embodied by the capstone project. In this phase, each student meticulously selects a business-related challenge for an exhaustive study. With the guidance of a faculty member from the Department, students harness their accumulated knowledge to formulate resolutions for the identified issue. This capstone project serves as both the apex of their academic voyage and a testament to their ability to pragmatically apply their acquired expertise in real-world scenarios.

• The Objectives and Mission Statement

Objectives of the Department of Accounting

The objectives of Degree programme are to;

• impart to students the basic knowledge of concepts, theories, principles and practice of Accounting and Financial Management.
• teach student the application of management problems to the accomplishment of the techniques of Accounting and Financial Management to the solution of entities and achievement of increase in the economic productivity and social welfare,
• develop the attribute of leadership and lubrication of inter-personal relationships require for working in industrial, commercial , educational, public and others organizations,
• equip students with the required academic and professional finesse that would make them develop needed competence to compete favourably with students of accounting profession in other parts of the world.
• To contribute to the knowledge and practice of Accounting and Financial Management through research, development of intellectual horizon of students, attachment to reputable Accounting firms and orientating them to become proficient and professionally qualified Accountants.

Mission Statement of the Department (B.Sc Accounting)

Our mission is to deliver exceptional undergraduate and postgraduate programmes in the field of Accounting, while also conducting ground-breaking research. We strive to empower our students to meet and exceed international standards, thereby catalysing a transformative scientific evolution within our global community.

Objectives of the Department (B.Sc Actuarial Science)

The degree programme is designed with the following objectives in mind to;

1. cultivate students’ awareness of the integral role that Actuarial Science plays in our national development,
2. provide students with a comprehensive grasp of the principles and applications of Actuarial Science,

• foster the development of knowledge and comprehension regarding the concepts, challenges, and methodologies inherent to Actuarial Science,

1. acquaint students with the skill of analysing shifts in market dynamics, technological advancements, legal frameworks, as well as social and political influences within the Actuarial Science domain, and
2. empower students with a profound and comprehensive understanding of the associated responsibilities and obligations.

Mission Statement (B.Sc Entrepreneurship)

The Department of Entrepreneurship remains steadfast in its commitment to fulfilling its mission. Our primary objective is to provide exceptional education and comprehensive professional training, culminating in the prestigious attainment of a B.Sc. degree in Entrepreneurship.

Objectives of the Department (B.Sc Entrepreneurship)

The objectives of the Entrepreneurship programmes are to:

1. instil in students a foundational understanding of the fundamental concepts, theories, principles, and practices within the realm of entrepreneurship and management.
2. empower students with the knowledge to adeptly apply management strategies to address complex challenges, utilising entrepreneurial techniques for the betterment of organizations, leading to enhanced economic productivity and improved social welfare.

• nurture the qualities of effective leadership and adept interpersonal communication necessary for seamless collaboration within diverse settings such as industrial, commercial, educational, public, and other organisational contexts.

1. provide students with the essential academic and professional skills, enabling them to cultivate the requisite expertise needed to competitively engage with their counterparts in the field of entrepreneurship across the globe.

Accounting Department and Units

The department that was established in 1991 presently operates under three (3) main units namely:

–  Accounting

–  Entrepreneurship

–  Actuarial Sciences

Admission Requirements and Entry Qualifications

The admission requirements for the B.Sc. Accounting Degree and her units shall be as follows:

1. Candidates seeking admission into four-year degree programme should possess a Senior Secondary School Certificate or General Certificate of Education (GCE) or their equivalents as approved by the University Senate from time to time, with at least five credit passes with must include two Social Sciences subjects. The relevant subjects must include English Language, Mathematics and Economics. The candidates must also pass the Joint Admissions and Matriculation Board (JAMB) examinations with the cut-off point as may be determined by the Senate from time to time but now below the minimum set by the other recognized Universities.
2. For the three year programme, a candidate is expected to possess a Senior Secondary Certificate or General Certificate of Education (GCE) or their equivalents as approved by the University Senate from time to time, with at least five credit passes which must include English Language, Mathematics and Economics. The candidate should also possess credit passes in Economics and Accounting or Mathematics at the Advanced Level.
3. Candidates who possess pass in the whole of the Foundation Examinations of the Institute of Chartered Accountant of Nigeria (ICAN) or of any other recognized Accountancy body or pass all the stages of the Accounting Technicians Scheme are also eligible.
4. Candidates who scored a minimum of Upper Credit in National Diploma (ND) in Accounting or University of Ado-Ekiti Diploma Certificate in Accounting.
5. Candidates who possess HND in relevant discipline with at least Lower Credit in addition to five credit passes stated above.
6. In addition, the candidates for the (c to e) above must possess the basic Ordinary Level requirements as stated in (b) above.

Duration of Study

The Department’s undergraduate programme can be completed through a 4 year course of studies in the Department.

General Services and Academic Programmes

The running and management of the Department depend on the following organs and administrative structure:

– The Head of Department and Chairman of Departmental Board.

– The Departmental Board consists of the Head of Department as Chairman, one representative from each of the Departments in the Faculty and all Lecturers of the Department.

– The Department also sets up various committees to assist the Head of Department; such as the Academic Staff Review, Non-Teaching Staff Review, Admission Matters, Examination Matters, and Research Fund Management, Journal and Handbook Publication and other statutory and special matters.