The Federal University of Agriculture, Abeokuta (FUNAAB) and the Association of National Accountants of Nigeria (ANAN), recently signed a Memorandum of Understanding (MOU), to jointly identify fields of mutual interests and create opportunities to coordinate, as well as promote researches into financial, accounting and management requirements of Micro, Small and Medium Enterprises (MSME).
As a major feature of the collaboration, ANAN has established the Linking Accounting with Business of Developing Economics (LABODE) Research Centre in the institution. Other areas of the collaboration are academic activities such as holding of annual conferences; executive trainings; consultancy; dissemination of research findings in academic journals, conference proceedings, working papers, workshop/seminar series; newsletters; exchange of information and expertise; joint presentation of papers and publications among others.
The MoU also stipulates that the centre would be managed by an advisory board, which would comprise a director, who would be an academic staff in the Department of Accounting, College of Management Sciences (COLMAS) of the school, in addition to being a member of ANAN; and where there is no ANAN member to occupy the position, FUNAAB would be required to appoint a coordinator for the centre for a period not exceeding two years.
President of ANAN, Mr. Anthony Nzom, who was represented by the immediate past president of ANAN, Dr. Sakirudeen Labode, stated that the centre was the fifth to be established by the body, adding that ANAN looked forward to having a robust relationship with the university.
Vice chancellor of the institution, Professor Olusola Oyewole, described the collaboration as a “win-win” situation, because it would be beneficial to both ANAN and the university. He appreciated ANAN for the initiative as the association equally donated some office equipment to the university.
ANAN is a statutorily-recognised professional body in the country that is charged with the duty of advancing the science of accountancy, accounting education, research, training and examination of the Nigerian College of Accountancy. It also seeks to promote the highest standards of competence, practice and conduct among its members.