ACCA certifies Babcock university as accredited institution
Nahimah Ajikanle Nurudeen
The Association of Chartered Certified Accountants (ACCA) has achieved a new milestone with the accreditation of Babcock University has the body certified institution in Nigeria.
The global of finance and accounting professionals said that the certification followed a successful signing of a Memorandum of Understanding with Babcock University in October 2015.
This according to the body made the institution the first ACCA accredited private university in Nigeria.
Prior to the official presentation the ACCA delegation led by Country Manager ACCA Nigeria; Toyin Ademola met with the Head of the Accounting Department Professor Ishola Rufus Akinkoye to discuss possible areas of support by ACCA to the growth of the department.
During the discussions, Prof. Akinkoye mentioned that the university has obtained the buy-in of the university’s Parents Consultative Forum and added that parents are excited at the incorporation of ACCA into the accounting curriculum.
He assured the team that Babcock University is committed to working with ACCA to build the departments’ syllabus and ensuring that students are getting quality tuition to guarantee their success. ACCA has committed to upgrading the Accounting departmental library as part of its effort to support the students.
Jonathan Mbewe, Head of Education & Development, SSA who was present at the meeting, spoke about ACCA’s willingness to support the university towards achieving Gold ALP status.
He expressed his gladness that the department is eager to begin providing ACCA tuition and stated that the university currently meets the criteria to start the journey to becoming an ALP.
He added that ACCA aims to build capacity for the university internally and proposed engaging the lecturers of the university who were interested in becoming ACCA certified to offer them differentiated support to enable their success via the Tutor Excellence Program; which may not require academics to sit and pass ACCA exams in order to begin teaching the qualification.
The signing was attended by representatives of both parties and signed on behalf of ACCA by Toyin Ademola; Country Head ACCA Nigeria and Vice Chancellor of Babcock University, Professor Ademola Adetayo, after which the Certificate of Tuition Approval was presented to him.
Prof. Tayo referred to the occasion as a historic one and expressed his joy and excitement at the partnership and reiterated that the members of the Parents Consultative Forum were indeed excited at the prospect of their children obtaining the ACCA qualification as well as a degree certificate.
Since signing the MOU, Babcock University has become an ACCA Accredited University, with the Accounting honours programme awarded the highest number of exemptions from the ACCA qualification in Nigeria.
With the accreditation process, students in the programme are now exempt from 8 out of the 9 papers in the Fundamentals Level of the ACCA qualification.
To achieve the ACCA accredited institution status, a universities’ curriculum and examinations are reviewed by the ACCA Education team to ensure that they equip students with the right level of coverage and quality to the ACCA examinations for which exemptions will be awarded.
ACCA Nigeria will continue to work tirelessly to develop and seek opportunities for partnership with other reputable universities in Nigeria; towards brand building and achieving our objective in becoming number 1 in developing the finance professionals that the world needs.
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