Financial Accounting globally deals with the business of helping internal and external stakeholders of an organization to make better decisions and further drive the actualization of the organization’s vision by providing relevant financial information. This assertion was the motivation that led to a week Capacity Building Training of the staff in the Directorate of Financial Services (DFS), and Audit Unit which started on Monday 5th June, 2017 and ended on Friday 9th June, 2017.

According to the ever vibrant Director Financial Services, Pastor Frederick Aghahuwa (ACA), the training is part of the goal of the 2016/2017 Academic Session of the Directorate to improve the efficiency of her Accountants and Auditors. He noted that the training would cover areas like the new IFRS structure, adoption of standards which contains Accounting for Revenue, Employee Benefits, Cash Flow Statements, Statements of Comprehensive Income, third party related transactions etc. This training is for our Accountants and Auditors to be abreast with current process in the Accounting fields because if you are not consulting and teaching, there is tendency for you to forget the things you already know. This training would be institutionalised henceforth so that our staff will keep updating their skills in line with global best practices. While appreciating the Chancellor, Dr David Oyedepo, and Vice-Chancellor, Professor Aize Obayan, for the training, Pastor Aghahuwa stated further that knowledge is key for the Staff in the Directorate if they must remain relevant in the scheme of things as far as accounting profession is concerned. The Director assured the University Management, that the training would have a positive impact on the operations of the Directorate, organizational structure, internal and external customers of the University in terms of efficient service delivery.

Lending his voice to the affirmations of the Director, is the Chief Internal Auditor (CIA), Mr Babatunde Opeyemi (ACA) who noted that the training was put together by the DFS in conjunction with the Institute of Chattered Accounts of Nigeria (ICAN) the Lagos Mainland District Society to enhance the capacity of Accountants and Auditors in their day-to-day operations. He expressed satisfaction with the competence of the facilitators who would further drive efficiency of the staff through professional experience, professionalism and expertise with cutting-edge accounting facilities.

The Lead Facilitator of the training programme, Mr. Oyewunmi Oyewole FCA of the Institute of Chattered Accounts of Nigeria (ICAN) the Lagos Mainland District Society noted during the closing of the training that it covered Practical Accounting & Reconciliation, Accounting for School Fees: Collection, Remittance & Reconciliation, Advanced Fraud Audit & Effective Internal Control Mechanisms, Effective Payroll Administration, Stores Management & Advanced inventory Management Techniques as well as Effective Treasury/Revenue Management. He enthused that the training has further opened the participants up to the current accounting practices which would definitely enhance their performance to be the best henceforth.

  • Members of the Directorate of Financial Services during the training
  • Members of the Directorate of Financial Services in a group photograph at the end of the opening session
  • Members of the Directorate of Financial Services paying rapt attention during the training
  • One of the facilitators, Mr Tettehsio Joe making a presentation during the training
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  • (2nd left): The Director Financial Services, Pastor Frederick Aghahuwa receiving the training’s Course Compact and Certificate of Participation from the Lead Facilitator ICAN, Mr. Oyewunmi Oyewole (centre) at the end of the training
Members of the Directorate of Financial Services during the training1 Members of the Directorate of Financial Services in a group photograph at the end of the opening session2 Members of the Directorate of Financial Services paying rapt attention during the training3 One of the facilitators, Mr Tettehsio Joe making a presentation during the training4 The Director Financial Services, Pastor Frederick Aghahuwa giving his opening remarks at the training5 (2nd left): The Director Financial Services, Pastor Frederick Aghahuwa receiving the training’s Course Compact and Certificate of Participation from the Lead Facilitator ICAN, Mr. Oyewunmi Oyewole (centre) at the end of the training6
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