BOTHO University this week signed a memorandum of understanding with the Lesotho Institute of Accountants (LIA) which will see the former offering one of the latter’s academic programmes, the Lesotho Professional Accounting Programme (LePAP).
Under the agreement, Botho University will provide tuition for LePAP, which was developed by LIA. The LIA will be responsible for the management of examinations for the programme.
LIA chief executive officer, Monyaola Mosoloane, said the collaboration will go a long way in ensuring provision of quality education thus increasing the number of competent accountants in the country.
Mr Mosoloane expressed gratitude to the Ministry of Finance for supporting them to secure funding from the World Bank and the European Union to develop the programme and to the National Manpower Development Secretariat (NMDS) who will be sponsoring the students who pursue LePAP.
“We are also grateful to the World Bank and the European Union for their financial assistances during the programme development including programme structure,” Mosoloane said.
For his part, Botho’s dean Athishek Ranjan, said the programme is one that has been missing since the establishment of Botho University in Lesotho.
He said he was glad that they were signing an MoU with LIA which he believes will bear fruits in the long run.
Dr Ranjan said Botho University will produce well-rounded, entrepreneurial and globally-employable graduates with the attitude, knowledge, skills and competencies to create value and drive productivity increases needed to catalyse sustainable economic growth.
“The university is committed to long-term stakeholder satisfaction through continuous quality improvement, financial viability and a culture of integrity, excellence and inclusiveness in all its activities including its leadership, teaching, research, consulting and community services,” Dr Ranjan said.
He said Botho University currently had more than 1000 students and there was every possibility that the University could establish itself in Lesotho much like it has in Botswana.
“The goal is to have at least 2000 students in Lesotho by 2022.”
Dr Ranjan said Botho University aspires to be an integral player in building an economically diversified, fast growing and prosperous Africa built on integrity, excellence, inclusiveness and financial viability,’ he said.
LIA vice president, Sebehela Selepe, said students undertaking the programme are not only privileged to have been admitted into a fully funded programme but will in future benefit from having pursued a programme delivered by a reputable alma mater underwritten by a professional body.
He said the students undertaking the programme were one step into becoming professional accountants unlike others whose conferment of degrees will predominantly be for academic purposes.
“Our appreciation goes to the lectures of the Centre of Accounting Studies and other individuals who worked tirelessly during the material development phase which was one of the most tedious and demanding parts of the development of the programme,” he said.
Mr Selepe expressed gratitude to Botho University for pioneering offering of the LePAP programme.
“Your efforts of incorporating the programme into your curriculum make it a hybrid accountancy qualification stream which addresses soft skills challenge normally raised as drawback attributable to accountants in practice,” Mr Selepe said.