Implementation Of International Financial Reporting Standard In Secondary Schools Curriculum

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Date

2016-05-14

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Department of Accounting, Faculty Of Administration, Nasarawa State University, Keffi

Abstract

Accounting education in Nigeria has developed over the years and has been largely sharpened by legal and institutional framework, multinational corporations, increased in government spending, societal pressures and technological advancement, unrelenting competitive pressure, impact of information and communication technologies; globalization of business; focus on fair value accounting; demand for new knowledge and skills and demand for improvements in corporate governance and ethics. More recent is the adoption of International Financial Reporting Standard (IFRS) in all aspects of financial reporting in Nigeria business sector, unfortunately there is a neglect of the secondary sector This paper is exploratory in nature and it adopts content analysis of N ECO and WAEC curriculum for 2013 to 2015 on Financial Accounting/book keeping and account for the year along with interview of 30 secondary schools students of Niger South Senatorial District of Niger Slate. It was discovered that the Education policy makers have failed to effect the necessary change in ordinary level curriculum and its implementation by necessary examination bodies. In the same vein, teachers in secondary schools were not trained or equipped to handle this change. It is recommended that there is the need to review the current accounting education curriculum to take care of these developments.

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Keywords

IFRS, Accounting Education, Secondary Schools, Education Curriculum.

Citation

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https://keffi.nsuk.edu.ng/handle/20.500.14448/2180

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