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PROJECT TOPIC: ASSESSMENT OF ACCOUNTING COMPETENCIES POSSESSED BY POSTGRADUATE UNIVERSITY BUSINESS EDUCATION STUDENTS TO HANDLE ENTREPRENEURSHIP BUSINESS CHALLENGES IN NIGERIA

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CHAPTER ONE

INTRODUCTION

1.1    Background of the Study 

Education has a significant role in the development of any nation. The National Policy on Education (NPE) defines education as an instrument for national development (Federal Republic of Nigeria, 2009). The N.P.E. also states that education enables a society to foster the value, behaviour and lifestyle appropriate for a sustainable development of any nation. Education can be seen as a process of learning that has future benefits in building the capacity of the citizens for a meaningful engagement of the forces that shape socio-economic development (Abdulkadir, 2011). Therefore, education is a medium through which the society transmits skills, attitudes and behaviours to its younger ones, in order to provide a better life for the society and its members. Business education is categorized among vocational education in tertiary institution. Business education is an education for vocation. Osuala (2004) opines that it is a training system that encourages the beneficiary to acquire skills that will make him/her fit into the world of work. Business Education is an educational programme that prepares the individual for the world of work as a teacher, office employee or to be self-employed.  

Business Education is an education for and about business or training in business courses necessary to set-up private businesses (Esene, 2012). The objectives of Business Education according to Okoro (2008) are:

•       To produce competent graduates to teach Business Education subjects in secondary schools.

•       To produce competent graduates for self-employment and self-reliance 

•       To produce competent graduates for office occupation 

•       To produce competent graduates for the industries 

•       To produce competent graduates for the public sector 

Business Education is taught both at the College of Education and at the university. Courses in accounting, management, marketing, office technology and management are taught. Business Education serves as a very significant means through which a nation can achieve its ultimate goals in business especially if it is supported with entrepreneurship education and is properly nurtured and articulated to provide initiatives, self-employment, management and marketing skills, and is geared towards risk-taking and problem solving (Hynes 1996). It stretches the acquisition of knowledge relevant to employment and demonstrable job specific skills or competences. Competencies are abilities of power and authority of knowledge, attitudes and facts necessary for accomplishing tasks (Achilike & Okwuanaso, 2001). Competencies, therefore, are the knowledge, skills and behaviours that enable an employee to meet established performance criteria. Ente, Amusa and Eze (2009) view competencies as essential knowledge and skills obtainable in a profession and those which the professionals in the field must possess and be able to demonstrate at optimal level of acquisition and functioning. Quality service or job can only be rendered when one has the knowledge, competencies and attitude required in the profession.


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