At least 3,000 students and academic staff across Uganda and Nigeria are set to benefit from the Developing Employability Skills in Accounting Education (DESIRED) project, a European Union-funded initiative aimed at ensuring accounting graduates are “work-ready” as they enter the labor market.

The project funded up to a tune of shs1.64billion( €400,000) was launched on Tuesday at MAT-Abacus Business School as part of the Erasmus+ Capacity Building in Higher Education (CBHE) Programme.

It brings together universities from Uganda, Nigeria, Portugal, and the Netherlands to integrate Work-Integrated Learning (WIL) into accounting education.

Speaking at the launch, Samuel Ssejjaaka, the project chair, highlighted the critical gap between university training and practical workplace demands.

“The idea is to ensure that when accountants finish their training, they have also acquired enough practical experience to take up jobs. We want them to be work-ready” he said.

He explained that the project will develop a framework for teaching students the real experience of the workplace.

“When we train students here, we train them on standards preparing books of accounts and so forth. But in the workplace, there are many other skills they are required to have, which are not necessarily part of the syllabus.”

Ssejjaaka also emphasized the impact of the project on employability rates among accounting graduates.

“With the funding we have received from the European Union, we can increase the employability of accountants. Right now, about 35% of graduates are not getting employed, and that all has to do with the issue of employability.”

The DESIRED Project will employ internships, case studies, and experiential learning to give students exposure to real workplace scenarios, decision-making, and practical skills.

Twaha Kawaase, a certified accountant and project partner, highlighted the international collaboration underpinning DESIRED.

“We are here to launch a project which brings together countries in Europe – Portugal, Netherlands – and countries in Africa – Uganda and Nigeria – to ensure that accountants coming out of universities are work-ready.”

Kawaase explained the importance of preparing graduates for a changing workplace shaped by technology.

“This is a century where we are talking about artificial intelligence, where machines are trying to replace human beings, but human beings are irreplaceable. Therefore, we need to ensure that accountants are relevant in terms of accounting skills, communication skills, and other soft skills required by employers.”

He also spoke about the role of competency-based training in Uganda and the project’s role in standardizing practical skills.

“Universities must be ready, the training must be ready, and institutions like MAT-Abacus and various universities must ensure that students coming out are competent to work as expected by employers.”

Ayeza Mutegeki, a student at MAT-ABACUS, welcomed the project, highlighting its potential impact on students’ careers.

“I think that it would be very beneficial to every single accounting student. Why? Because of the kind of benefits that it provides in that it integrates work and study.”

She pointed out a major challenge facing students today. “The most common problem we have among students is that we do not have jobs. And why do we not have these jobs? It is because we do not have the expertise.”

Ayeza emphasized how the program could bridge the gap between education and practical work experience.

“Yes, we have studied them. But the reality is that in the workplace, it is not exactly the same scenario. So I believe that this desired program will actually change the course of accounting students and furthermore enhance their education and work standards.”

The project consortium is led by MAT-Abacus Business School (Uganda) and includes Makerere University Business School (Uganda), Nnamdi Azikiwe University (Nigeria), Chukwuemeka Odumegwu Ojukwu University (Nigeria), Vrije Universiteit Amsterdam (Netherlands), and the University of Lisbon (Portugal). Key industry partners include the Uganda Chapter for Corporate Social Responsibility Initiatives (UCCSRI) and Sejjaaka, Kaawaase & Co., Certified Public Accountants.

The DESIRED Project seeks to bridge the gap between academic knowledge and practical skills, strengthen university-industry linkages, and ultimately ensure that graduates are employable and ready to thrive in a competitive labor market.

Source: Nilepost

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