EKSU Don Proffers Solutions to Managing Business in Nigeria
Gbenga Sodeinde in Ado Ekiti
A professor of Business and Accounting Education at Ekiti State University, Ado-Ekiti, EKSU Prof. Nneka Salome Ezeani, has proposed a way to create a reasonable balance between business and accounting in managing and promoting business ventures in Nigeria.
Ezeani said this at the 83rd inaugural lecture held at the university auditorium.
The lecture was tagged, ‘In Defence of No Accounting, No Business: An X-Ray of A Non-Existing Battle’.
Ezeani noted that “business cannot operate effectively unless accounting is involved. Hence, accounting is the pivot that rotates every business globally in an enterprise.”
She explained that “accounting is the bedrock of any business, be it private or public establishments,” adding that businesses need good accounting systems and policies for business success.
Ezeani challenged business owners to build trust and standard policies in keeping proper accounting records that will not fail but lead to effective business growth.
The professor stated that the way to create a reasonable balance between business and accounting is the promotion of business education activities and accounting education activities, promoting business enterprise activities that initiate business skills that aim to create wealth for all.
She also noted that the promotion of entrepreneurship education activities encompasses teaching integrated entrepreneurship studies where students are taught prerequisite skills and knowledge of how and what it takes to establish, manage and successfully run a business in various disciplines.
Ezeani proposed promoting academic research/teaching practice, noting that academic research should be done without plagiarism.
The Vice-Chancellor, Prof. Edward Olorunsola Olanipekun, who commended Ezeani for an outstanding lecture delivery, urged all present to imbibe the knowledge acquired through the course of the well-explained lecture into accounting and businesses in Nigeria.
