ICAN Decries Shortage of Study Materials for Accounting Students

ICAN Decries Shortage of Study Materials for Accounting Students:

THE Institute of Chartered Accountants of Nigeria (ICAN) has decried the shortage of study materials for accounting students, as it donated textbooks and laptops to Accounting departments of seven tertiary institutions in the country.

Speaking at the donation ceremony in Lagos, President of ICAN, Alhaji Kabir Mohammed said that the institute has been able to give expression to one of its objectives which is enhancing the growth and development of accounting education in Nigeria.

Mohammed said that Nigeria’s fair share of the impact of global recession has adversely affected all sectors of the economy, most especially the educational sector, saying, “this ugly situation needs urgent focus, not only by government but by other stakeholders in both private and corporate organisations.

“The time has come for a change of attitude towards the funding of education, because the government which has been the major financier of the educational sector is finding it increasingly difficult, if not impossible, to cope with adequate funding, especially in a period of global downturn in which we find ourselves.”

In addition, he said that the accountant’s traditional functions of systematically gathering, classifying, recording, analysing and transmitting information based on data that are of monetary nature, have gradually been taken over by software.

To this end, he said, “it is in appreciation of the role of information technology on the accountancy profession and the dearth of study materials for our accountancy students that propelled the institute to commit fund into the acquisition of 15 laptops to assist accountancy students in our tertiary institutions in their pursuit of information technology skills generally, as well as having insight into relevant accounting software.”

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Olusegun Fapohunda
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