Dr Ayodele Asekomeh is a management lecturer at the CEPMLP, Dundee University.
Prior to joining the Centre in 2011, Dr Asekomeh was a lecturer in accounting (specialising in accounting and finance for oil and gas upstream activities) at the Dundee Business School, University of Abertay Dundee.
Dr Asekomeh obtained a PhD in accounting and finance from the Glasgow Caledonian University. His thesis was a theoretical and empirical critique of the evidence for income smoothing in the oil and gas industry. Dr Asekomeh is a chartered accountant with both the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA). He also holds a Master of Research degree (with distinction) in business and management from the Glasgow Caledonian University, an MBA degree (with distinction) in financial management from the Hull University Business School, and a BSc degree (first class honours) in computer science with economics from the Obafemi Awolowo University.
Before joining academia, Dr Asekomeh gained professional accounting services and management consulting experience with Arthur Andersen and KPMG, rising to senior consultant level with the latter. In that role, he had responsibility for servicing firms in the petroleum, energy, banking and telecommunications sectors. He also had a brief stint as a systems analyst with an ICT company.
Dr Asekomeh’s research and teaching seeks two-way transference of knowledge/ideas and collaboration between industry and academia, and understanding of the accounting and finance issues of energy sources and the extractive industries. He regularly contributes to accounting and finance research workshops/seminars and was a delegate on the Scottish energy trade mission to North Africa in 2009.
He works with postgraduate students researching diverse energy and petroleum issues, from macroeconomic impact of oil price volatility to financial/project analysis of natural resources and energy ventures, and policy considerations for decommissioning or abandonment of petroleum and energy installations.
In summary, his research interests include the following themes:
Financial and Project Analysis of Natural Resources and Energy Ventures (CP51004)
The main aim of this course is to introduce students to current methods of financial and project appraisal techniques that relate to natural resources and energy organisations. This is a practical course in which evaluation techniques and concepts are taught, such as discounted cash flow, internal rate of return and payback period, which are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The student should be able to recommend the appropriate appraisal techniques to a given business investment along with an appreciation of social and other non-financial features. Taxation and sources of finance are also introduced in this module, but any in-depth analyses of them can only be provided in other courses.
Foundation Accounting (CP52048)
The principle aim of this course is to give an appropriate understanding of the published accounts of a company and their underlying practices and processes, so that an effective contribution may be given, to the senior financial management of an organisation. Particular emphasis is given to accounts of the extractive industries.
Foundation Financial Accounting (CP51036)
The principal aim of this course is to give an appropriate understanding of the published accounts of a company and their underlying principles, so that an effective contribution may be given to the senior financial management of an organisation. Particular emphasis is given to accounts of the extractive industries.