The accounting department was established in 1988 as one of the Departments of the Institute of graduate studies of Economic Sciences, thus it is considered one of the oldest scientific departments of the Libyan Academy, in addition to the Departments of Economics and management, which grants master's and doctoral degrees in accounting. The accounting department is witnessing an increasing demand that exceeds its capacity, as it is not possible to accept the numbers that apply for study each semester, forcing the department to conduct a trade-off process to select students who have obtained the highest grades. The department has contributed to meeting the needs of universities and higher institutes of specialized faculty members in the field of accounting. The department has also contributed and continues to contribute to the training programs supervised by the Institute of human resources development of the academy as well as to the studies, research and consultations commissioned by the Academy by public and private institutions .The members of the teaching staff of the Department participate in the organization of conferences, seminars and scientific discussions at the academy and abroad.

To be a distinguished department that will be the basis for the reference measurement of the corresponding scientific departments in Libyan universities in the various fields of accounting Sciences, Scientific Research and community service.

The accounting department seeks to prepare graduates with high scientific qualifications in various branches of accounting to meet the needs of the local market and the requirements of development and transformation plans in society.

The accounting department is one of the scientific departments at the school of administrative and financial sciences at the Academy, which works to achieve a number of goals that can be presented as follows:

1. Qualifying and graduating specialized scientific competencies in the fields of accounting to contribute to meeting the needs of the labor market and meeting the requirements of development and transformation plans.
2. Contribute to conducting scientific and Applied Studies and research in the fields of accounting in an attempt to link the department with society and its various institutions.
3. To serve the local community by providing consultations in the financial and accounting fields to the entities that request them.
4. Building bridges of cooperation and exchanging experiences with various scientific and professional bodies specialized in accounting fields at home and abroad.
5. Holding seminars, conferences and workshops to enrich the topics in the field of accounting and contribute to solving various problems.
6. Contribute to the fields of authorship and translation in accounting specialties to fill the shortage of references and periodicals required by the specialty.