Overview of Accounting in Nigeria
Accounting is a field that involves the measurement, processing, analysis, and communication of financial information essential for business management. In Nigeria, accounting programs are commonly 4-year bachelor’s degrees. Some common variants of the program include:
1. B.Sc Accounting
2. B.Sc Forensic Accounting
3. B.Sc Financial Accounting
4. B.Sc Public Sector Accounting
5. B.Sc Cost Accounting
6. B.Sc Taxation and Auditing
These degree programs equip students with core knowledge in financial and management accounting, corporate finance, taxation, auditing, business law, and other related areas. Graduates qualify to work in accounting firms, corporate organizations, public sectors, and entrepreneurship roles.
O’Level Subject Requirements for Accounting Degree Programmes
To be eligible to apply for Accounting and related courses, you must have:
5 Credit Passes in SSCE/GCE O’Levels/NECOincluding:
- English Language
- Mathematics
- Economics
- Any other 2 or 3 subjects
Relevant subjects includeAccounting/Commerce/Principles of Accounts, Government/History, and other social science subjects.
JAMB Subject Combination for Accounting
Choosing the right JAMB subject combination is vital to gaining admission into competitive accounting programs. The recommended JAMB subject combination for accounting is:
1. English Language
2. Mathematics
3. Economics
4. Any one of:
- Commerce
- Government
- Account
Perfect Subject Combination for Accounting
To enhance your chances of gaining admission to study accounting or related programs, consider the following perfect subject combination:
- English Language
- Mathematics
- Economics
- Commerce or Government or Account
How to Select the Right Subject Combination for Accounting
When registering for UTME (JAMB), ensure you choose the correct subject combination based on the recommendations above. This will help you avoid any admission-related issues.
Subjects that Enhance Accounting for Elite Institutions
For elite institutions, consider taking additional subjects beyond the minimum requirements. These can include:
- Further Mathematics
- Business Studies
- Computer Science
Top 10 Universities for Studying Accounting in Nigeria
Here are 10 of the top universities for studying accounting in Nigeria:
- University of Lagos – Located in Lagos, UNILAG has a strong accounting department and is one of the top choices for accounting education in Nigeria.
- University of Nigeria, Nsukka – The first indigenous and autonomous university in Nigeria. Offers reputable accounting programs.
- Obafemi Awolowo University – Located in Ile-Ife, OAU is one of Nigeria’s premier universities with a robust accounting curriculum.
- Ahmadu Bello University – A leading federal university located in Zaria. Its accounting department is highly regarded.
- University of Ibadan – Nigeria’s oldest university located in Ibadan. Has an excellent accounting faculty.
- Covenant University – A renowned private Christian university in Ota. She is noted for quality accounting training.
- Babcock University – A private Christian university with a strong emphasis on moral training. Offers sound accounting education.
- University of Benin – A top choice for accounting education, UNIBEN is located in Benin City.
- Bayero University Kano – One of the largest universities in Northern Nigeria with a sizable accounting department.
- Niger Delta University – Located in Bayelsa state, NDU has a reputable accounting faculty.
Where can I Work with an Accounting Degree?
Here are some potential career paths and jobs for someone with an accounting degree in Nigeria:
- Work in accounting and auditing at a company – You could work in the accounting or finance department of a company in roles like accountant, auditor, financial analyst, etc. Large Nigerian companies across industries need qualified accountants.
- Work at a public accounting/auditing firm – Big accounting and auditing firms like PwC, KPMG, EY, and Deloitte have offices in Nigeria. You could work there as an auditor, tax accountant, consultant, etc.
- Banking and financial services – Nigerian and international banks need accountants for roles in financial reporting, financial planning and analysis, risk management, etc. You could also look at investment banks, insurance companies, and other financial institutions.
- Start your own accounting practice – With an accounting degree and license you could start your own accounting firm and provide services like auditing, tax preparation, and bookkeeping to local businesses and individuals.
- Work in government – Federal and state government ministries and agencies regularly hire qualified accountants for finance and budgeting roles.
- Teach accounting – Universities and colleges hire lecturers and professors to teach accounting courses. With further qualifications, you can get into academia.
- Work at a non-profit – Charities and non-profits need qualified accountants and this can be an option.
I’d recommend looking at job listings to see employers specifically looking for accounting graduates. Also, leverage your network and any internship experience to find opportunities. Getting certified (e.g. passing CPA exams) can also boost your prospects.
Frequently Asked Questions on JAMB Subject Combination for Accounting.
Can I Combine Accounting with Business Admin, Finance, or Banking/Finance?
Yes! You can combine accounting with these related fields.
What Are the O’Level Requirements for Accountancy?
Check the O’Level subject requirements mentioned earlier on this post.
Is There Special Consideration (Waiver) for This Course?
Always check if your chosen university has any special considerations.
Conclusion
Remember that accurate subject combinations are crucial for successful admission into accounting programs. I hope this guide helps you understand the JAMB subject combination requirements for studying accounting in Nigeria