I just observed this. Rather than to study accounting in the university ,it is now advisable for one to study another course and go for ICAN/ACCA and become a chartered accountant.

The implication of this is that , it technically render Bsc accounting useless because a bsc Yoruba graduate/any non accounting graduates that have ICAN/ACCA will be competing with you in accounting related jobs. This will render your BSC accounting useless thereby causing unemployment for graduates of accounting.

You cannot try this in law. No LLB ib law ,no law school.



peeps your opinion on this.

luvola: I just observed this. Rather than to study accounting in the university ,it is now advisable for one to study another course and go for ICAN/ACCA and become a chartered accountant.

The implication of this is that , it technically render Bsc accounting useless because a bsc Yoruba graduate/any non accounting graduates that have ICAN/ACCA will be competing with you in accounting related jobs. This will render your BSC accounting useless thereby causing unemployment for graduates of accounting.

You cannot try this in law. No LLB ib law ,no law school.



peeps your opinion on this.

That is one of the reason there is a change in syllabus and in the near future lecture centres will be grouped into Gold, silver and bronze and would serve as Accointing school just like law schools.

GoldenDr: That is one of the there is a change in syllabus and in the near future if lecture centres will be grouped into Gold, silver and bronze and would serve as Accointing school just like law schools.

I didnt get you. this thread should hit front page or what is the perfect title for this thread.



Mod move this to front page.

Totally Disagree with you. I guess you only looking from perspective of working in an accounting firm. Accountants are needed everywhere, not only in acct firms. In many organisations, full accounting job positions still require bsc or hnd accounting, and since acct is more of an art, it is more important to have accounting experience. In public sector, account degree still matters. And to lecture or have Msc Accounting, u still require First degree in accounting. What then do u say about Bsc Banking and Finance, if looking only at working in Nigeria?

sholatech: Totally Disagree with you. I guess you only looking from perspective of working in an accounting firm. Accountants are needed everywhere, not only in acct firms. In many organisations, full accounting job positions still require bsc or hnd accounting, and since acct is more of an art, it is more important to have accounting experience. In public sector, account degree still matters. And to lecture or have Msc Accounting, u still require First degree in accounting. What then do u say about Bsc Banking and Finance, if looking only at working in Nigeria?

partly agreed with you. But can accounting or banking anf finance graduates compet for engineering jobs ?

I wonder why the big 4 firms also choose to render accounting graduates useless. It seems they prefer non accounting graduates who wind up leaving them when they get a more suitable job offer, hence the high labour turnover and constant recruitment exercises with its attendant costs. Why they would rather it be so I cannot fully comprehend. An Accounting graduate who performs poorly in an interview is still atleast better than an engineering graduate vying for a job in an accounting firm and who has no idea about auditing or taxation. Needless to say an Accountant cannot even take an Engineers job so why must they render us redundant. Maybe I'm getting something wrong here. I believe this is a conundrum.

OP is making some sense,but @least the BSc. Accounting wouldn't be valueless as far as it can fetch you a job,what you should say is that Scientists and non-accounting graduates can compete for jobs favorably in a-purely accounting sector as far as they had good first degrees,but an accounting graduate can't try that in a purely science field,you can only work in your accounting department. With all due respect,Arts,Social Sciences,Law courses are disciplines a good Scientist can read and understand with little or no tutelage,but let a Lawyer or an Accountant try surgery or balance a chemical equation.

I get where the OP is coming from but he should know that the first degree is nothing but a meal ticket. Most of us went to the university to study a course base on our childhood perspective or dream but that changed when we discovered our potentials. If an engineering student can prove to be much more capable in accounting field, after (s)he is certified, why waste resources on another applicant because (s)he has a degree in Accounting!
Most of what you re taught in class doesn't apply to real world.

#Peace

Alot of people are looking for the opportunity to have bsc accounting. to me ooh, i think it is a good course. Most coys have the normal graduate trainee programme and your course of study is most times irrelevant. you just have to scale through their recruitment process. Instead of complaining, try and improve yourself even if it involves engaging in voluntary employment or getting professional certifications. Its never easy but a good understanding of the labour market should give you guidance. Believe God too. Another truth is; try hit 2:1 in school. if not u might find things hard. The likes of KPMG will not even call u 4 test. Another thing is; discover your life. that's an assignment for everyone.
Selah

Interesting topic. I read electrical eng. at bsc and msc levels although i work in the banking sector. While I was in training school we were taught majorly accounting and commercial class stuffs . Needless to say, regardless of the fact that most of the commercial students were pretty much familiar with the concepts we science students were just trying to grasp, science students always performed better and the bulk of the tabke toppers in training school then were science students.
I struggle hard not to conclude that science students atleast in Nigeria are most times far intelligent compared to art and commercial students. But there are a few exceptions though. Gracias..

Its still a good course For the umpteenth time forget about course nomenclature. That was then! What rocks now is the GRADE you graduate with even if you read other courses you still need to do ACCA and the likes b4 you certified as a chattered accountant

Hooooooooo, @ op, its so unfortunate that u just have Bsc Accounting but u don't know the importance to urself, organizations and the country as a whole. In every organization, there must be an account department .let me tell u if u don't know, knowing the foundation of accounting alone can give u a management position in any organizations. Any accounting graduates who know what am saying will totally disagree with u.

alentyno: Its still a good course For the umpteenth time forget about course nomenclature. That was then! What rocks now is the GRADE you graduate with even if you read other courses you still need to do ACCA and the likes b4 you certified as a chattered accountant

you make sense

michaeled45: Needless to say an Accountant cannot even take an Engineers job so why must they render us redundant. Maybe I'm getting something wrong here. I believe this is a conundrum. To all Engineers and technical guys in financial firms, how do u sleep at night?

Lol.. I believe as an Accounting graduate, you need to at least start doing ICAN/ACCA/CFA immediately after school to get relevance in your accounting profession.. It's now so bad that ANYBODY can do these courses. A colleague of mine, whom we resumed together couple of months back and studied Engineering, just passed 4 papers in ACCA, he's now preparing for December diet.

Nice thread, it should make Front Page.

If they can study and pass, then they should carry on.... let the fittest survive. Am in my final semester in Accounting though. Hoping to write my ican during service. Bsc accounting+ican+small connection=final big boy

idee91: If they can study and pass, then they should carry on.... let the fittest survive. Am in my final semester in Accounting though. Hoping to write my ican during service. Bsc accounting+ican+small connection=final big boy

..you go guy..biggest boy!!


Op, it's quite unfortunate that Non accounting graduates can become accountants/also do the work of accountants whereas accountants can't do theirs. I understand your pain...I will only advise you prove you're better than non accounting graduates during interviews, which should even be so as you studied accountancy because I don't think there's anything you can do about the situation. ..Just prove to be better...

Case study 1 - During an interview with a lady I know with kpmg , as a BSC holder of accounting ( ACA),his interviewer told her told her that does she know that an engineering graduates has advantage over her in terms of getting employment in kpmg

ICAN should critically analyzed this proliferation in the Accounting world. You dare not try this in law and medicine profession. Can you be a surgeon or doctor by crudely and merely go for training without studying medicine ? If the medical profession should follow this part , we know the calamity it will cause.

Can you go to law school without spending 5 years in the university ?

** These are questions begging for answer

;Dmod push this to the front page. This is an interesting thread ;Dmod push this to the front page. This is an interesting thread

MarvellousGod: ..you go guy..biggest boy!!


Op, it's quite unfortunate that Non accounting graduates can become accountants/also do the work of accountants whereas accountants can't do theirs. I understand your pain...I will only advise you prove you're better than non accounting graduates during interviews, which should even be so as you studied accountancy because I don't think there's anything you can do about the situation. ..Just prove to be better...

I am not pained it just an observation. commercial graduates cannot even apply to science related jobs but the reverse is the case. No be cheating be that ?

MarvellousGod: ..you go guy..biggest boy!!


Op, it's quite unfortunate that Non accounting graduates can become accountants/also do the work of accountants whereas accountants can't do theirs. I understand your pain...I will only advise you prove you're better than non accounting graduates during interviews, which should even be so as you studied accountancy because I don't think there's anything you can do about the situation. ..Just prove to be better...

I am not pained it just an observation. commercial graduates cannot even apply to science related jobs but the reverse is the case. No be cheating be that ?

I can't help but feel the pain of accounting graduates being overshadowed in the big 4 accnting firms....I was surprised to find out that most people I had interview with in one of the big 4 are science n engineering graduates...to crown it all up..the interviewer asked me if I have plans on going for Ican....I was confused cos I neva knew by then that I can go for ican with my science bckgrnd.......my advice to accountants is try be the best in what you do...this is your field there are things peculiar to accnting profession you know that we outsiders don't....you can use such things/points to knock us off during interviews........but you have to pass the aptitude test first o

You are very correct OP. This same discussion i had with a friend who studied Accounting. If going to the university or Poly to study accounting doesn't make you an accountant, and someone who study Agricultural Science in the university and later become an accountant as a result of going for ICAN. isn't it just a waste of time studying accounting in the university when you will not be regarded as an Accountant.

Its the fact but accounting is not an easy course and its a type of study you practice to be perfect in it. Having Bsc in accounting from accredited university recognize by ICAN, you don't start from the Foundation and immediate courses but rather you start with professional courses. ICAN is the best for Nigeria. Stop assumming that Non-accountants and Employers in Private and Government are doing accounting jobs. They just damage or ruins the accounting profession leading to Bsc in Accounting graduate to suffer unemployment issues.

@ OP you are right even ICAN is planning to turn ACA as an equivalent to B.Sc Accounting just like ACCA is an equivalent to an MBA in Oxford University. Just check this out. Mr A studies Accounting @ the University for 4years, he gets an exemption to the final stages of ICAN exam which is a minimum of a year = 5years. Mr B studies another course @ the University for 4years, he sits for ICAN exams which is a minimum of 2yeras = 6years. Mr B has an advantage over Mr A as with just an extra year spent he could practise in both the accounting field and his field of study. But in order not to create redundancy for the accounting graduate he could pursue a Masters degree in other fields.

Nice and thread. Very educating. To me,it depends on the company. I have seen some vacancies that requires just B.Sc Accounting only without Ican or so,but my point is,that profession called Accounting is a profession where you need to have the practical experience and not just theoretical by having bsc. Now,what I do advice the young ones is that if Accounting is what anyone wants to study in the University especially,go and enrol for ATS whereby you would have already become an ACA before you even graduate from school. That was exactly what I did. After 2 years of seeking for admission,I enrolled for Ats,before I even graduated from school,I was already a Chartered Accountant and a Chartered AAT. Having an AAT and ACA or ACA as the case may be its really necessary. Surprisingly,I later didn't even study accounting,I ended up studying Finance. And if per adventure,you don't have the finance for that,go for you Bsc Accounting and then enrol for ican after graduating from school. You will have an edge when you do such. This is just my candid avice

no course is irrelevant, stop limiting ur self to ur course, dat u study accounting does not mean Ur an accountant, there is difference between practice and academics, i studied accounting and had ican wen i applied for big 4, wasn't able to enter any, there is more to the corporate world dan qualifications. mr luvola having a bsc in a course does not make u a professional in that course

Since most companys aptitudes test have almost the same similar pattern. I.e maths n English questions. The average graduate of science courses will do better in the tests than graduates of business and social science colleges. So they will have to train dem like they never went to school before. But if they recruit more graduates from business and social science colleges, the efforts and cost of training entry level staffs will be far lower.
But u can't blame the science college graduates, its d situation in the country and a non existing sector in which they can display their skill.

@ Ednut,you are right! Another big issue I have discovered is that when you have a Bsc in Accounting and ACA,and you don't have idea on any Accounting package such as SAGE especially,it becomes another limitation to you. There is room for improvement at all times.

bigfish411: Alot of people are looking for the opportunity to have bsc accounting. to me ooh, i think it is a good course. Most coys have the normal graduate trainee programme and your course of study is most times irrelevant. you just have to scale through their recruitment process. Instead of complaining, try and improve yourself even if it involves engaging in voluntary employment or getting professional certifications. Its never easy but a good understanding of the labour market should give you guidance. Believe God too. Another truth is; try hit 2:1 in school. if not u might find things hard. The likes of KPMG will not even call u 4 test. Another thing is; discover your life. that's an assignment for everyone. I'm engineer by profession and i just left my job to pursue Msc. many have criticized my decision but I know what I want and I've made my decision. Like I said before; discover your life. Selah

Most people going around with 2.1, can they even defend their certificate? Havent we see people with lower grades performing wonderfully well than those with higher grades? Those companies asking for 2.1 as minimum requirement for employment are ignorant of the realities of Nigeria Higher Education

Estorico: @ Ednut,you are right! Another big issue I have discovered is that when you have a Bsc in Accounting and ACA,and you don't have idea on any Accounting package such as SAGE especially,it becomes another limitation to you. There is room for improvement at all times.

Sage is overrated self, i learnt it in a day on the job . i have come to the conclusion dat u can have be good at cramming book( which most of us do) and can not offer anytin in a work environment.

luvola: I am not pained it just an observation. commercial graduates cannot even apply to science related jobs but the reverse is the case. No be cheating be that ? I am not pained it just an observation. commercial graduates cannot even apply to science related jobs but the reverse is the case. No be cheating be that ?

I think the accounting body should be blame for this, i dont think there is any other commercial or Art professional bodies that allow this except from the accounting professional bodies

ednut1: no course is irrelevant, stop limiting ur self to ur course, dat u study accounting does not mean Ur an accountant, there is difference between practice and academics, i studied accounting and had ican wen i applied for big 4, wasn't able to enter any, there is more to the corporate world dan qualifications. mr luvola having a bsc in a course does not make u a professional in that course

it just an observation. Nothing attached. case closed.


I stil opined that it is better off now to study non accounting course and have your ICAN than bsc accounting. This is an eye opener.

ednut1: no course is irrelevant, stop limiting ur self to ur course, dat u study accounting does not mean Ur an accountant, there is difference between practice and academics, i studied accounting and had ican wen i applied for big 4, wasn't able to enter any, there is more to the corporate world dan qualifications. mr luvola having a bsc in a course does not make u a professional in that course

then go and apply for the job of a doctor. shebi no course is relevant. F.g recently sacked some doctors so since no course is relevant using your analogy , go and apply for medicine job ..