An Examination of the Challenges Faced by Accounting Graduates in Nigeria: A Case Study of Covenant University
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Accounting graduates in Nigeria face numerous challenges as they transition from academic environments to the workforce. These challenges range from skill gaps and limited job opportunities to difficulty in meeting the expectations of professional bodies such as the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA) (Okafor & Sani, 2023).
Covenant University, one of Nigeria’s leading private institutions, is renowned for its commitment to academic excellence and holistic education. Despite the university’s efforts to equip students with the knowledge and skills required for success, its accounting graduates still encounter barriers in their professional journeys. Factors such as limited exposure to practical accounting tools, industry-specific requirements, and challenges in obtaining professional certifications often hinder their progress (Adeola & Usman, 2024).
This study investigates the challenges faced by accounting graduates from Covenant University, focusing on skill gaps, professional development, and employment opportunities.
Statement of the Problem
The employability of accounting graduates in Nigeria is frequently questioned due to perceived inadequacies in their practical skills, technological proficiency, and adaptability to workplace demands. Graduates from Covenant University, despite their strong academic backgrounds, are not immune to these challenges (Olowu & Bello, 2023).
The lack of alignment between academic curricula and industry needs further exacerbates these issues, leading to underemployment or unemployment among graduates. Addressing these challenges is essential to improve the career prospects of accounting graduates and enhance the reputation of academic institutions.
Objectives of the Study
-
To identify the challenges faced by accounting graduates from Covenant University in their professional journeys.
-
To evaluate the alignment between Covenant University’s accounting curriculum and industry requirements.
-
To propose strategies for improving the employability and professional development of accounting graduates.
Research Questions
-
What challenges do accounting graduates from Covenant University face in their professional journeys?
-
How well does Covenant University’s accounting curriculum align with industry requirements?
-
What strategies can improve the employability and professional development of accounting graduates?
Research Hypotheses
-
H₀₁: Accounting graduates from Covenant University do not face significant challenges in their professional journeys.
-
H₀₂: There is no significant alignment between Covenant University’s accounting curriculum and industry requirements.
-
H₀₃: Proposed strategies do not significantly improve the employability and professional development of accounting graduates.
Scope and Limitations of the Study
The study focuses on accounting graduates from Covenant University, examining their challenges in professional development and employment. Limitations include potential bias in self-reported data from graduates and the dynamic nature of industry requirements that may evolve over time.
Definitions of Terms
-
Accounting Graduates: Individuals who have completed an academic program in accounting.
-
Employability: The ability of graduates to secure and retain suitable employment based on their skills and qualifications.
-
Professional Development: Activities that enhance an individual’s skills, knowledge, and competencies for career advancement.
-
Skill Gaps: Discrepancies between the skills possessed by graduates and those required by employers.
