Tripartite Accounting: Exploring Elements of Accounting Profession

By Femi Oladele

Is accounting as a first course going extinct? What motivates students choice of accounting as a career? How true is it that if you are not chartered, you are not an accountant? These are few of the questions that this book responds to.
It is an orientation tool for intending students, students, lecturers/tutors, researchers, practitioners, policy makers, parents and the general public on the neglected story of accounting profession. It is written with the sole aim of enlightening its reader on who accountants are; career paths of accountants and their role in society; providing information to assist students in deciding a choice of career in the field of accounting. It places emphasis on the role-relevance of tertiary institutions in the development of accountants with robust acumen.
This book opens up on the unsung story of the accounting profession, bringing to the fore the fact that the profession has emerged with three wings, that is practice, policy and research.
As we continue to face an increasingly competitive market, the need to produce graduates with requisite knowledge and skill competence to fill vacancies in industries, which are faced with apparent economic circumstances are overwhelming. Howbeit, while it may be acceptable to find a meantime solution, a long term sustainable solution is better, which is to focus on breeding efficient, effective and productive accountants, who can sustain the objectives and goals of the going concern. Tertiary institutions must not underestimate the need to concentrate energy on creating awareness, arming graduates with necessary knowledge and skills on elements of accounting profession, which is a better way out to solve the problem rather than the fire brigade approach to salvage the situation.
As the industry look up to institutions to step up the game, we must wow them by producing graduate accountants who will not only be able to practice, but also can in their circumference engage with policy issues and research in the work place environment for increased and sustainable productivity.

• Language: English
• Publisher: Partridge Publishing Africa
• Release date: Dec 16, 2015
• ISBN: 9781482808438

Femi Oladele

Femi holds a teaching position in the Department of Accounting, Bowen University, Iwo. His passion for accounting education and research forges interests into interdisciplinary and critical perspectives on accounting.

Book preview

Copyright © 2015 by Femi Oladele.

ISBN:      Softcover   978-1-4828-0844-5

                eBook        978-1-4828-0843-8

Disclaimer

The views expressed here in this book are not that of the Publisher. The author does not claim comprehensiveness of the information obtainable in this piece hence cannot be held responsible for any use or misuse (action or inaction), but takes full responsibility for any error or omission with respect to grammatical structure, lexis and tenses. Readers are advised to seek further professional advice.

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CONTENTS

Foreword

Preface

Dedication

Acknowledgements

Exordium

Knuckle One: The Emerging Accountant

Knuckle Two: Tripartite Accounting

Knuckle Three: Accounting: Beyond Am Counting

Knuckle Four: New Thoughts: Gender Mainstreaming

Coda My Candid Opinion

References

FOREWORD

This foreword is written with immense delight. This delight is occasioned by the fact that a young academic; in this generation conceived and deemed it necessary to draft a book that demystifies the very mysterious essence of Accounting both as a Profession and a Course of study. The syllogisms of facts and figures are rarely mixed with a somewhat tripartite model brought in knuckles or nuggets as the case may be.

A verified claim in Nigeria holds that until Accounting is enlisted as part of courses in the Social & Management Science Faculty; the Faculty is still a work-in-progress. This accounts for the enormity of enrolment nationwide. Now, as astonishing as that statement may be, it calls for some care. Why is Accounting so energetically sought after? The answer to these and many questions are interestingly captured in this book. This is what makes this book unique.

The language of the book is very commendable. This, I noticed, is intentional. For whatever the intention that the Author has factored, I am sure that the simple language of this text will afford a lay-person access to the immense truism and facts spelt out in this book without any rigour.

Beyond the above mentioned, the tripartite model espoused in this book is a lesson that should transcend across many disciplines in the social & management sciences, Humanities, Law and in fact the Sciences. This model or concept as the case may be shows the inter-relationship between Practice, Policy and Research in a beautiful way. In my opinion, this should not be confined to the Accounting profession. Scholars in Sister Faculties should take cue from this and come up with a treatise that will clearly articulate the inter-workings of their disciplines beyond the confines of the ivory-tower.

A careful diagnosis of the language of this material shows that the Author is a product of a multichotomous experience whether at the research, policy or practice of the accounting profession. Further, the Author sought a better clarification of certain ambiguities found in his process of inquiry. I am happy that the same man who sought for the solution of a puzzle is now technically offering a panacea of a sought.

There is yet a noteworthy style that this Author employed to drive his message with a rare precision. This is the introduction of biblical truths as precursor to his statements. This only shows quite honestly a great academic in the making. I have no doubt that this piece will meet a multiple need across a multiple section of Undergraduates, Graduates, Professionals and Policy-makers.

While I congratulate the Author for a beautiful piece, I offer my deep-rooted congratulations to the reader.

Dr. Adebola A. ADERIBIGBE

Faculty of Humanities,

Bowen University, Iwo,

Osun State, Nigeria.

The author strives to increase awareness and establish on elements that make up accounting profession, stressing especially the place of tertiary institutions in building competent accountants with robust acumen. Oladele Femi further explains that it is most likely the tertiary institutions should be able to create awareness, provide knowledge and coach students with skills and competencies required in the work place environment. He argues that the accounting profession in Nigeria has tended too much towards practice, assuming a stereotypical stance whereas the profession is tripartite. In his drive to explain his viewpoint he has been able to through the pages in this book enlighten readers of the multifaceted profession and its place in society not just as a practice inclined profession, but as a noble profession dedicated to practice, policy and research.

I strongly recommend this piece to students and practitioners of accounting, educators, policy makers and researchers. It opens up new frontiers for scholarly research in accounting education.

Erlinda Dionco-Adetayo

Professor of Entrepreneurship

Obafemi Awolowo University

Ife, Nigeria

PREFACE

Two challenges inspire this book. First, there is a fear that the relevance of tertiary-trained accounting graduates are losing hold in the industry as accounting may no longer be favored among students as a first course, since anyone can attain recognition as a chartered accountant by passing qualifying examinations of professional bodies and meeting other requirements. However, it is important to stress