Accountancy Department Archives - ESUT Monitor https://esutmonitor.com/tag/accountancy-department/ Department of Mass Communication Fri, 20 Dec 2024 03:27:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 226275073 Prof Onyekwelu Begins VCship At Lux Mundi University Anchored On Experiential Learning, Disruptive Innovation https://esutmonitor.com/2024/12/18/prof-onyekwelu-begins-leadership-voyage-at-lux-mundi-university-anchored-on-experiential-learning-disruptive-innovation/ https://esutmonitor.com/2024/12/18/prof-onyekwelu-begins-leadership-voyage-at-lux-mundi-university-anchored-on-experiential-learning-disruptive-innovation/#respond Wed, 18 Dec 2024 07:25:43 +0000 https://esutmonitor.com/?p=2282 The 22nd day of November saw the Inauguration and emergence of an unassuming but a vision-glued scholar Professor Uche Lucy Onyekwelu taking up the mantle of leadership of Lux Mundi University (LMU) Umuahia. The University secured the service of one...

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The 22nd day of November saw the Inauguration and emergence of an unassuming but a vision-glued scholar Professor Uche Lucy Onyekwelu taking up the mantle of leadership of Lux Mundi University (LMU) Umuahia. The University secured the service of one of Nigeria’s iconic researchers, scholastic and mentorship personae, Professor Uche Lucy Onyekwelu to propel its affairs as the Acting Vice Chancellor.

On her assumption, Prof Onyekwelu described LMU as a bastion with immense potentials for nurturing future high networth industrialists, nationally and internationally recognized professionals. She promised that her leadership will pursue templates for sustaining the vision of the University which is “illuminating humanity”

Professor Onyekwelu noted that the numerous state-of-the-art facilities in the University will be sustainably employed for driving top-notch value creation among students, staff and other relevant stakeholders of the University.

The former Head of Accountancy Department, ESUT,  who is acclaimed for her resolute pursuit of academic excellence looks forward to leveraging on the many experiences she had garnered so far from the Academics,  Professional Society the Public and other societal engagements in the leadership of LMU Umuahia.

LMU VC, Professor Uche Lucy Onyekwelu and some her management team

A pragmatic scholar and leader, the Ag VC noted that the students will be exposed sustainably to the indices defining modern teaching and learning as it concerns deployments of tools to building up leadership skills for the 4th Industrial Revolution viz Artificial , Emotional Intelligence and other digital skills needed for modern learning. Morality and ethical development are also at the pivot of her mission.

Professor Onyekwelu’s self propelling initiatives as the Pioneer/ Founding president of the Association of Management and Social Sciences of Nigeria, AMSSRN, the pioneer Chairman of Agbani and District Society of the Institute of Chartered Accountants of Nigeria (ICAN), Fellowship of various Professional bodies/Academic Societies, experiences garnered in the financial industry, Accounting Professional Practice , Public Service with well over Fifteen Years (15) years of experience in the ivory towers, makes her a square peg in a square hole for this assignment.

Professors Uche Lucy Onyekwelu whose antecedents in global research and mentorship have seen her pioneer and nurture Five Academic Journals, with well over One Hundred (100) peer reviewed journals in both domestic and foreign journals is sure a scholar of choice. Professor Onyekwelu also have to her credit Five(5) globally acclaimed  textbooks in Accounting, Research and related courses and pioneer Editorial Manager of Journals of her former Department at ESUT makes here a self- starter. She is a lover of scholarship

A woman with a knack for perfection and innovations, Uche had served/still serving in various professional bodies.

LMU Students after their 2024 Carol of 9 Lessons on Sunday with the VC in the middle

Uche served as Member of the Research, Technical and Public Policy Committee of the Institute of Chartered Accountants of Nigeria(ICAN) in 2010/ 2012 where she participated actively in championing ICAN’S Roadmaps for the Adoption of the International Financial Reporting Standards( IFRS) as a basis for financial reporting in Nigeria.

Professor’s appointment into the ICAN University Implementation Committee also saw her making a lot of heartening contributions in building up the vision of ICAN owning a University in Nigeria. She also served as a member of the Professional Examinations Committee and Board Member of the Faculty for Corporate Reporting of ICAN.

Profs Board of Trustees & Council Membership of the Association of Forensic Researchers also has prepared her for this assignment. 

Professor Onyekwelus dispositions on Team- playing spirit makes her a delight to work with. Her commitments to the “Synergistic School of Thoughts” is legendary as she through collaborative efforts have achieved quite a feat in the Academic, Financial Industry,  Public and Community Service spaces.

Uche’s short sojourn just about One Year plus as the Head, Department of Accountancy, ESUT saw a lot of life-transforming achievements within the short-lived tenure .

Prof Uche Lucy Onyekwelu working with her team and not unmindful of the lean resources of the Department convened, the globally acclaimed 1st International Conference of the Department first of its kind in over 40 years of the Department, Rescue/ Repair of the hitherto abandoned Toyota Hummer Bus of the Department,  attraction of the ICT Centre of Excellence being an endowments project of the 2005 Alumni Set of the Department. 

Professor Onyekwelu’s team spirit and administrative prowess got her into harmonizing the quickened/timely graduation of qualified undergraduate and Postgraduate students. The Undergraduates who had graduated were mobilized promptly for the National Youth Service and Convocation.

Medical students of LMU

An accountant with exceptional penchant for Excellence, Prof Onyekwelu instituted a culture of hard/smart working and commitment to academic culture of excellence in the Department that both lecturers and students alike  worked progressively at upholding this.  Thus the reason for  the humble  achievements within One Year of her leadership.

She appreciates the need for global visibility of her Department in line with ESUT creeds. This saw reactivation of their websites from where the Department published and hoisted its Two Journals Real-Time Online.

Her achievements drive saw the expansion of the scope of the reaching outs, galvanised and got  the numerous Alumni Sets of the Department play very key roles in partnering with the Department at its various activities.

Under Professor’s Leadership, the 1st  Department of Accountancy ESUT Alumni Platform was created. The past students now professionals in their endeavours appreciated the Department for recognising their place in the Department, gladly collaborated with the Department in most of its activities.

It is also pertinent to say that the Department of Accountancy, ESUT saw a lot of bridge-building as her leadership pursued vigorously and nurtured strategic collaborations with the key professional bodies in Accounting namely viz: ICAN and ANAN , the Accounting Regulatory body in Nigeria the Financial Reporting Council of Nigeria with their commitment to the Department taking an unparalled positive turn as the three bodies attended and participated actively in the highly  International Conference of the Department held 2nd-3rd of  July, 2024.

She actively opened up the Department as she led it to build strategic collaborations among with relevant bodies like the Central bank of Nigeria, the Office of the Accountant General of Enugu State,  the Ministry of Education , Enugu State internal Revenue Service, ENSIEC, ESUT Business School, L- Press Enugu Project Office, Enugu State Scholarship and Loans Board, a good number of Professional Accounting Tuition Bodies, Educational Foundation Bodies among others.

INTIMIDATING ACADEMIC PROFILE

This exceptional Scholar holds  Ph.D Accountancy from the prestigious Nnamdi Azikiwe University Awka , a Master in Accountancy from the University of Nigeria Nsukka and BSc, ESUT. She has attended a lot of short retooling courses, presented papers both in Nigeria and in the diaspora.

“Lucy” as she is fondly called by her peers, is a Fellow of ICAN,  AMSSRN, Forensic Researchers and holds an  Associate membership of the Chartered Institute of Taxation of Nigeria ( CITN)  among others. Her Mentorship prowess for both the Academic and professionally tilted cuts across diverse Universities, Polytechnic and other numerous institutions in Nigeria, Africa and Globe.

At LMU, Admissions are on-going

Professor Uche Lucy Onyekwelu on assumption of office as Vice Chancellor promised to deploy her networks to growing the Lux Mundi University. Her assumption of duty, no doubt, comes with lot of prospects for boundless advancements for experiential learning, research and mentorship for the University and the Education industry in Nigeria and beyond.

The Vice-Chancellor promised that a lot of what she will be doing is to anchor systems in the institutions for excellence, dedication and smart working as hallmarks for the disruptive innovation she desires.

Professor Uche Lucy Onyekwelu global thoughts for Knowledge Dissemination and Excellence have always resonated with sustainable economic development propelled on the wheels of Sound Teaching/ Learning, Research and Mentorship which had for decades defined the Vice Chancellor, Professor Uche Lucy as an top-notch and life-long Scholar.

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ICAN Promises to Deepen Collaboration With Accountancy Department in ESUT https://esutmonitor.com/2024/07/06/ican-promises-to-deepen-collaboration-with-accountancy-department-in-esut/ https://esutmonitor.com/2024/07/06/ican-promises-to-deepen-collaboration-with-accountancy-department-in-esut/#respond Sat, 06 Jul 2024 16:01:49 +0000 https://esutmonitor.com/?p=1213 By Onyekachi Agu The Institute of Charted Accountants of Nigeria (ICAN) has promised to deepen its collaboration with the Accountancy Department in ESUT. The President, ICAN, Dr Davidson Alaribe disclosed this to ESUT Monitor in a chat shortly after making...

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By Onyekachi Agu

The Institute of Charted Accountants of Nigeria (ICAN) has promised to deepen its collaboration with the Accountancy Department in ESUT.

The President, ICAN, Dr Davidson Alaribe disclosed this to ESUT Monitor in a chat shortly after making his presentation at the two-day international conference organised by the Department of Accountancy, ESUT in Enugu.

Represented by his Vice, Dr Yahaya Haruna, Dr Alaribe commended the board of Accountancy Department for their efforts in promoting and propagating the tenents of accounting Profession.

Dr Alaribe who noted that the choice topic for the conference “Artificial Intelligence AI and Sustainability Reporting: Implications for the Accounting Profession and Stakeholder Value Creation” said that though AI is critical in evolving human activities but added that it will not replace human intelligence rather it will reinforce human intelligence

“This conference means a lot to the Institute of Chartered Accountants of Nigeria because it’s talking about the future ready accountants and you can see the theme. It is talking about AI and sustainability, these are the two things that we are looking out for in the future – sustainability of the companies and value creation for the stakeholders and it can only be influenced by the use of AI through the use o technological means.

The Planning committee led other dignitaries on a Coutsey visit to the management of ESUT

“The president couldn’t come but he sent me to represent him as the vice president of the Institute.
AI has come to enhance Human Intelligence because AI is a creation of Human Intelligence. But if human beings want to go ahead of AI, we have to increase our knowledge in technology. AI cannot do everything for us but it still cannot replace human beings because they are certain assignments that can not be assigned to AI.

“We commend Accountancy Department for what they are doing in promoting the profession. We will deepen our collaboration with them to ensure that their wonderful programmes such as this is sustained,” the President said.

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Why We Are Organisining Department of Accountancy First International Conference – Prof Onyekwelu, HOD https://esutmonitor.com/2024/07/01/why-we-are-organisining-department-of-accountancy-first-international-conference-prof-onyekwelu-hod/ https://esutmonitor.com/2024/07/01/why-we-are-organisining-department-of-accountancy-first-international-conference-prof-onyekwelu-hod/#respond Mon, 01 Jul 2024 15:47:40 +0000 https://esutmonitor.com/?p=1191 By Uche Onyekwelu, Enugu With an instinct on content building/ enrichment and proactiveness the desire for hosting the 1ST International conference of Accountancy Department was born. Like a seed planted on rich soil the Department’s desire to present an academic...

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By Uche Onyekwelu, Enugu

With an instinct on content building/ enrichment and proactiveness the desire for hosting the 1ST International conference of Accountancy Department was born.

Like a seed planted on rich soil the Department’s desire to present an academic forum that will not just grow scholarship but expand the scope of collaborations between the gown and town was nurtured.

In their initial letter requesting for approval for the Conference having risen from the 1st Departmental Board of the year held in January 2024 where the board deligently x-rayed the imperatives of hosting a conference of this nature, the board rose in high hopes and unquencheable resolve to walk the talk towards actualization.

The Head of Accountancy Department, ESUT,
Professor Uche Lucy Onyekwelu provides insights on why the Department is hosting a maiden International Conference. Below are the excepts:

STEPS TO CONCRETISE THE CONFERENCE:

At the meeting held in January the Board rose with a resolution and mandated the Board Secretary to quickly make a letter proposing as agreed to the Management of ESUT through the Dean Faculty of Management Sciences, Professor Chioma Oleka.

The letter was quickly construed and forwarded to the appropriate authorities. To our utter amazement the authorities did not just welcome the idea but prayed for its massive success.

Thinking through the system the Academic Board of the Department was dissolved into committees with each of the committees led by Scholars with distinct flare for the each committees accorded them. There ship anchored and navigated through.

Prof Lucy Uche Onyekwelu, HOD, Accountancy Department

Committees thinkering and synergizing prompted up on unquenchable desire for accomplishments became rekindled that all that runs in the blood of the Academics, Non Teaching , Post Graduate and even the Undergraduate Students is the International Conference due in July 2nd & 3rd 2024.

KEY RESOURCE PERSONS TO LEAD THE DISCUSSIONS:

A close look at the Team to lead in the interactions in the Conference shows that the Department did not just source for who to talk but succeeded in getting the Square Pegs into the Square Holes.

You believe with me that when leaders and experts who thinkered out templates for policies and also saw through the implementations discuss issues your guess is as good as mine.

In the line up of these revered the Resource persons is The Diamond President of ICAN the respected Chief DSC Alaribe FCA shall deliver the first key- note address First Keynote Speech , followed by the Dr. Rabiu Olowo who is the Executive Secretary of Financial Reporting Council,the Apex body saddled with regulations of Financial Reporting in Nigeria. Our own dear Professor Uche Austin Nweze, PhD FCA FCTI JP Immediate Past Rector of IMT a widely travelled and content building academic will do us the 3rd keynote speech..

The Department has also sourced exceptionally quintessential scholars to enrich the contents of the discussion through Lead Paper presentations.While Dr. Friday Akpan FCNA, FCTI will pilot the ship of the Lead Paper Presenters.To cap it up the Lead and Coordinating Director of Financial Reporting Council Group propelling Sustainability Dr. Iheanyi Anyahara, FCA, FCTI will deliver another lead paper on Sustainability Reporting.

To show the true content of a conference that is multifaceted , Professor Mannixs Paul from the USA will be doing us a paper as a Guest Speaker with speciality in AI, Sustainability and Cyber Security.

From the above it is not in doubt at all that the Department of Accountancy working with its Topnotçh Planning Committee is sure set out to shake up the landscape of Intellectual discussions and content building through the Maiden International Conference.

QUEST FOR GETTING OTHERS ON BOARD:

The Department in its nature knew that it needs to congregate other global scholars to enable it achieve the much desired aroma of “International”. In that light a platform was created to accommodate all and most of everyone who had got anything to do with its members over the years in research and scholarship. For example the platform named 1ST International Conference Forum which I call “Conference before Conference” has ran for a month or so at moment. The essence of that platform is to basically stimulate awareness for the Maiden International Conference, accept concerns as well as resolve problem any impending challenges of scholars who intend to participate in the conference.

In that platform are congregated a lot of top notch academia/ industry as well as policy Makers who are interested in Research. The Congregation cuts across diverse Academic and Industry in Nig and diaspora.

Another platform was also created for the Alumni of this Department as critical stakeholders in the Department..

True to its purpose this platform have seen concerns shared and real time on line resolutions done.

To the Glory of God the Platform has received more than One Hundred and Twenty(120) papers with a good number of co-authors attached to each of the papers.

WHY CONFERENCE ON ARTIFICIAL INTELLIGENCE AND SUSTAINABILITY REPORTING NOW:

This Theme of the Conference has been adjudged topical by many scholars. As we talk a good number of resource persons still request to be accommodated in the scheme of things. Their desire is not out of place but reminiscent anyone who has found a gold and wish to be among those to commence sharing. To that extent we applaud and say big welcome to them. Indeed the Conference Committee shall work out modalities to accommodate and offer every desirous Resource persons opportunity to ventilate and diffuse the contents they bear for our intellectual enrichment..

Students of ESUT

To the specifics AI and Sustainability Reporting have got big roles to play in future or even future landscape defining Accounting Business Management, Social Sciences, Medicine , Agriculture , Law and every discipline.

The Department of Accountancy ESUT decided to embark on this very challenging venture not for anything but to help offer a timely , well articulated and enriching avenue to retool and upscale its members ( students and lecturers) as well as provide endless opportunities to knowledge cross- breeding with scholars from other institutions.

The Department is not oblivion of the fact that allowing the AI Concept to come on it without preparation could impact the endless potentialities of its human resources. So it decided to lead from the front in anchoring this programme. The Department is also quite hopeful that the contents scholars will bear after this will go a long way in assisting them expand their abilities of intellectual thinking and upscale its problems solving potentials..

The Department also hopes that the conference will navigate its members and other lecturers, Postgraduates and undergraduates adaptations through the synergies expected through conference.

PREPARATIONS SO FAR:

The Department has accomplished a lot through its earlier constituted communities. the Committees are still working tirelessly to see that all knots and bolts are properly fixed. For example a team of the Planning Committee comprising the HOD, Professor Oliver Ike Inyiama, Chairman Planning Committee and the Co-Chairman Planning Assoc. Prof Ike Ezeugwu were at Urban Radio yesterday where they further elucidated on the Imperative of the forthcoming conference and why every scholar must be part of it.

We therefore pray all those that have submitted papers or indicated interest to make it a date with History.

The place of AI and Sustainability Reporting cannot be over emphasized.

The future belongs to those who prepare to meet opportunities.

1ST INTERNATIONAL CONFERENCE OF DEPT OF ACCOUNTANCY ESUT:

A MUST ATTEND!!!

Professor Uche Lucy Onyekwelu, PhD
Head of Department, Accountancy

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Prof Ugwuanyi emphasises importance of Entrepreneurship studies, plans to relaunch ESUT Bread https://esutmonitor.com/2024/02/07/prof-ugwuanyi-emphasises-importance-of-entrepreneurship-studies-plans-to-relaunch-esut-bread/ https://esutmonitor.com/2024/02/07/prof-ugwuanyi-emphasises-importance-of-entrepreneurship-studies-plans-to-relaunch-esut-bread/#respond Wed, 07 Feb 2024 05:08:54 +0000 https://esutmonitor.com/?p=630 By Precious Nwafor, Emmanuel Chukwu, Rachael Okechi and Esther Ugwu The Director, ESUT Entrepreneurship Development Centre, EDC, Professor Uche Ugwuanyi spoke exclusively with ESUT Monitor Newspaper on the importance of the Centre, plans to relaunch ESUT Bread and other issues...

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By Precious Nwafor, Emmanuel Chukwu, Rachael Okechi and Esther Ugwu

The Director, ESUT Entrepreneurship Development Centre, EDC, Professor Uche Ugwuanyi spoke exclusively with ESUT Monitor Newspaper on the importance of the Centre, plans to relaunch ESUT Bread and other issues in the Centre. The Interview session was anchored by Precious Nwafor, Entertainment Editor. Excerpts

Brief profile

I am Professor Uche Ugwuanyi, from Accountancy Department, Enugu State University of Science and Technology. I am the current director ESUT entrepreneurship development Centre  

Of what importance is Entrepreneurship Development to ESUT?

It is of high importance, for the fact that you’re a student of this school, the kind of skills we will teach you both the soft and the technical, will go a long way to help you in your future endeavours. Entrepreneurship study is central in helping students to actualise their skills and be self-sustaining. 

A graduate of this university just won seven hundred thousand naira in entrepreneurship skills while serving in Edo State. She passed through the school and the centre. 

Does the centre fund students with entrepreneurship skills?

At present, we don’t fund student with entrepreneurship skills, but if we see anything that is convincing in such student, we can approach the management, plead and see whether they can support the student. We can also approach the state government to see how they can support with funding such students with that entrepreneurship skills that can help the external people

We used to see ESUT bread in the market, what happened?

It is still there, as you were coming you saw a lot of our Faculty coordinators, they came to present the bills, each of them presented their bills for the practicum that will take off next week. The people in charge of food and confectioneries, made mention of bread, meat pie, cake, ice cream, small chops. In fact, before the end of March, I will supply this interview with pictorial evidences of what they produced, each of them. It has been there since, maybe is because of the fact that we didn’t have enough fund to run it on a daily basis.

Are there any breakthrough in the centre with regards to innovation?

There are so many breakthroughs, we have a lot of ESUT graduates doing well in their various entrepreneurial endeavours. The case of Obiero Miracle is a recent one. We have a lot of them out there and we plan to produce more.   

EDC Director, Professor Uche Ugwu (seated) during interview with ESUT Monitor’s Precious Nwafor (R) and Esther Uwgu in his office

What are the challenges facing the centre?

There are a lot of challenges, as we speak now we don’t have an office for entrepreneurship Centre, but the current Vice-Chancellor has promised to complete the Entrepreneurship Development Centre building in the school. The EDC Centre is a very gigantic building opposite the School of Postgraduate Studies.

Is there any particular date for the commencement of the practicum?

Definitely, one of the things we have done is articulation of different budgets from different coordinators. I’m going to present the bill to the Vice-Chancellor. By the special grace of God, if he approves it graciously, we will start the implementation next week.

Are the students going to pay for the practical?

No. You’ve already paid for your practical, the only thing you would do for us is when the product is out in the market, encourage the students to buy them. I’m happy you made mention of ESUT bread, the buns, the meat pie and so many others, they will be sold at a subsidized price

How is your work as a director of entrepreneurship development centre?

Very tasking, as you can see we’ve been up and doing to make sure that you students are at the end of the day will go home with entrepreneurship skills, both the soft and the technical skills that will enable you to stand on your own. Like this issue of Practicum we are starting next week, students will learn a lot, depending on the areas you want to venture into

The practicum will be decentralized, department-by-department. We have so many coordinators for each department.

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Prof Onyekwelu to be unveiled as pioneer ICAN Agbani District Chairman https://esutmonitor.com/2023/12/06/prof-onyekwelu-to-be-unveiled-as-pioneer-ican-agbani-district-chairman/ https://esutmonitor.com/2023/12/06/prof-onyekwelu-to-be-unveiled-as-pioneer-ican-agbani-district-chairman/#respond Wed, 06 Dec 2023 18:42:43 +0000 https://esutmonitor.com/?p=150 By Blessing Nwokpokwu The Head of Accountancy Department, Enugu State University of Science and Technology, (ESUT) Professor Uche Lucy Onyekwelu will on Tuesday be unveiled as the Pioneer Chairman, “Institute of Chartered Accountants of Nigeria Agbani and District Society” by...

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By Blessing Nwokpokwu

The Head of Accountancy Department, Enugu State University of Science and Technology, (ESUT) Professor Uche Lucy Onyekwelu will on Tuesday be unveiled as the Pioneer Chairman, “Institute of Chartered Accountants of Nigeria Agbani and District Society” by the Institute of Chartered Accountants of Nigeria (ICAN).

The Inauguration and investiture of Professor Onyekwelu and her executive committee will mark a significant dimension in ICAN as the new Agbani District is the latest in the country in ICAN’s quest to expand its horizon.

This epoch-making ceremony will hold at the prestigious Professor Julius Onah Auditorium ESUT and will be superintended by the distinguished 59th ICAN president, Dr. Innocent Iweka Okwuosa.

The investiture heralds a significant landmark in the field of Accountancy, especially in the Agbani and district region, as it establishes a platform for fostering collaboration, knowledge exchange, and professional growth among chartered accountants.

Professor Onyekwelu, an accomplished academic, brings her wealth of experience to the fore as the pioneer chairman of the Agbani and District Society. Her dedication to excellence in education, research, and mentorship aligns seamlessly with ICAN’s mission to uphold the highest standards in the accountancy profession.

The investiture ceremony will not only recognize Professor Onyekwelu’s leadership but also celebrate the formation of the executive committee, comprising seasoned professionals committed to steering the society towards new heights of success. As the event unfolds at ESUT, it symbolizes a collaborative effort to strengthen the accountancy landscape, fostering a community of professionals dedicated to upholding integrity, transparency, and accountability in financial practices.

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