International Financial Reporting Standards (IFRS) Education in Colleges of Education in Southeastern States of Nigeria

Ogbonnaya Okorie^1, , O. U. Onwe² and L. O. Unugo³

¹Department of Business Education, Ebonyi State College of Education, Ikwo, Ebonyi State, Nigeria

²Library Department, Ebonyi State College of Education, Ikwo, Ebonyi State, Nigeria

³Department of Social Studies, Ebonyi State College of Education, Ikwo, Ebonyi State, Nigeria

Cite this paper:
Ogbonnaya Okorie, O. U. Onwe and L. O. Unugo. International Financial Reporting Standards (IFRS) Education in Colleges of Education in Southeastern States of Nigeria. American Journal of Educational Research. 2018; 6(11):1460-1464. doi: 10.12691/education-6-11-3

Abstract

The study surveyed international financial standards education in Colleges of education in Southeastern states of Nigeria. Three research questions and three null hypotheses tested at 0.05 level of significance guided the study. A four point structured questionnaire having a reliability co-efficient of 0.79 was administered on the sixty-two (62) accounting education lecturers in the Colleges of education in the area. Mean was used to answer the research questions while z-test was used to test the hypotheses at 0.05 level of significance. It was found that accounting education lecturers are not all that IFRS aware and that effective IFRS education could be achieved by including IFRS in the curriculum, adequate funding and amendment of relevant laws among others. It was recommended that NCCE should integrate IFRS into the accounting curriculum, TetFund should intervene in IFRS education and relevant laws should be adjusted to accommodate IFRS.

Keywords:
IFRS education colleges of education southeastern states awareness

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