Kyambogo University is desirous of providing sustained high academic and professional training in the fields of Education, Business, Management, Communication and Technology by keeping abreast with the current changes in the work environment. This, therefore, calls for the need to review the teaching curriculum periodically to integrate the changes and offer students a rich knowledge and skills base to help them compete effectively in the job market.
The job demands for accountants and finance practitioners have been changing over time. Besides this, the regulatory framework governing accounting and finance have also been revised at the national and global level. It is for these reasons that the Department of Accounting and Finance resolved to review the Programme of Bachelor of Science in Accounting and Finance.
The programme has been running since 2001 and quite a number of things have changed. Uganda is experiencing rapid expansion in small, medium and large scale investments locally and internationally. As the economy grows, the demand for dynamic accountants and financial analysts becomes highly elastic. Many projects are undertaken and all these needs trained manpower in contemporary accounting and finance areas to ensure that they are viable and can be sustained.
The International Accounting Standards Board since 2003 has issued and revised many standards. Emphasis on professional ethics is being more critical than before. The Institute of Certified Public Accountants of Uganda since 2005 requires organisations with public accountability to report using International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS). The introduction of the Public Finance and Accountability Act (2003) introduced major changes in public accountability. The policy of decentralization by the government with an emphasis on performance-based management also raises the great need of trained accounting and finance officers who possess the required knowledge and skills to manage and provide timely accountabilities.
ICPAU spearheaded the development and enactment of the Accountants Act, 2013. The Act stipulates a number of dimensions that include, among others, the discipline and control of accountants. These issues were not captured in the old curriculum. The ministry of Finance Economic Planning and Development also spearheaded the development and enactment of the Public Finance Management Act, 2015. This Act addressed various aspects of budgeting and budgetary control, public financial management and accountability that are not addressed in the 2001 curriculum.
The programme shall target the students with ‘A’ Level Certificate, Diploma holders and persons who have passed the Mature Age Entrance Examination.