Accounting – Undergraduate Programme Overview
Accounting as an undergraduate programme focuses on the systematic recording, analysis, interpretation, and reporting of financial transactions for individuals, businesses, and organizations. It equips students with technical knowledge in financial reporting, auditing, taxation, cost control, and corporate governance. The programme typically spans four years and leads to the award of a Bachelor of Science (B.Sc.) in Accounting.
Students take core courses such as financial accounting, management accounting, taxation, auditing, business law, corporate finance, financial management, public sector accounting, and accounting information systems. The goal is to prepare professionals who can provide accurate financial information, ensure regulatory compliance, support decision-making, and contribute to organizational transparency and sustainability.
Importance Across All Fields and Sectors
Accounting plays a fundamental role in the operation and integrity of both public and private sector institutions:
Corporate Sector: Manages company finances, budgeting, performance evaluation, and compliance with financial regulations.
Government and Public Sector: Supports public financial management, budget implementation, and accountability for public resources.
Banking and Financial Services: Helps in credit evaluation, investment planning, and financial risk assessment.
Audit and Assurance Services: Ensures accuracy and fairness in financial reporting through internal and external audits.
Taxation and Revenue Generation: Assists with tax compliance, planning, and advice for individuals and organizations.
Nonprofits and NGOs: Manages donor funds, prepares financial reports, and monitors project expenditures.
Entrepreneurship and SMEs: Guides business owners in bookkeeping, tax management, and financial decision-making.
Academia and Research: Provides insight into accounting theory, ethics, and emerging trends such as sustainability accounting and fintech integration.
Admission Requirements for Accounting
1. National Requirements (UTME and SSCE)
O’Level Requirements (WAEC/NECO/NABTEB)
Candidates must obtain at least five (5) credit passes in the following subjects:
English Language
Mathematics
Economics
Any two of the following: Accounting, Commerce, Government, Business Studies, or Geography
Credits must be obtained at not more than two sittings.
UTME Subjects
Candidates must sit for and pass the following:
Mathematics
Economics
One other subject from Accounting, Commerce, or Government
Minimum UTME Score
Most universities require a UTME score of 180–200
Competitive institutions may require 220 or above
JAMB Subject Combination
Mathematics, Economics, and one other relevant subject (such as Accounting or Government)
2. Direct Entry (DE) Requirements
Candidates applying for Direct Entry into 200 Level must have one of the following:
At least two A-Level passes in Accounting, Economics, or Business Management
ND/NCE with merit or upper credit in Accounting, Banking & Finance, or Business Administration
JUPEB/IJMB passes in relevant commercial subjects
3. University or Faculty-Specific Requirements
Some universities conduct Post-UTME or screening exercises
A strong foundation in numeracy, business, and critical thinking is essential
Some institutions may accept Commerce or Government in place of Economics depending on their admission policy
Exposure to basic accounting software or financial literacy training is considered an added advantage