IFRS Adoption and Its Integration into Accounting Education Curriculum in Nigerian Universities

The International Financial Reporting Standard is a major topic in the accounting profession today as more countries are involved in the adoption. However, the adoption of IFRSs without an adequate representation of same, in the curricula will have negative effects and create problems such as improper curriculum coordination. This study examines the integration of IFRS into accounting education curriculum in Nigeria. Data for this research was majorly collected from primary sources through the use of 240 copies of questionnaire being distributed to a sample of 4 private universities in Nigeria. The study used the regression analysis test statistic, one sample t-test and chi-square analysis to test the hypotheses and to validate the model specified. The result gives a pointer to the readiness of accounting education for the adoption of IFRS. The results revealed that IFRS adoption factors influence the inclusion of IFRS in university curriculum. It also revealed that students are aware of issues which relates to IFRS meaning they have sufficient knowledge of the standard. The research recommends more efforts to aid the training of educators and the provision of training facilities to aid proper integration of IFRS in the curriculum. Keywords: International Financial Reporting Standards, Integration, Accounting Education, Curriculu

IFRS Adoption and Its Integration into Accounting Education Curriculum in Nigerian Universities

The International Financial Reporting Standard is a major topic in the accounting profession today as more countries are involved in the adoption. However, the adoption of IFRSs without an adequate representation of same, in the curricula will have negative effects and create problems such as improper curriculum coordination. This study examines the integration of IFRS into accounting education curriculum in Nigeria. Data for this research was majorly collected from primary sources through the use of 240 copies of questionnaire being distributed to a sample of 4 private universities in Nigeria. The study used the regression analysis test statistic, one sample t-test and chi-square analysis to test the hypotheses and to validate the model specified. The result gives a pointer to the readiness of accounting education for the adoption of IFRS. The results revealed that IFRS adoption factors influence the inclusion of IFRS in university curriculum. It also revealed that students are aware of issues which relates to IFRS meaning they have sufficient knowledge of the standard. The research recommends more efforts to aid the training of educators and the provision of training facilities to aid proper integration of IFRS in the curriculum

The impact of basic forensic accounting skills on financial reporting credibility among listed firms in Nigeria.

The paper aims at evaluating the impact of basic forensic accounting skills viz: communication skills, technical & analytical skills, accounting & auditing skills and psycho-social skills on the financial reporting credibility of listed organisations in Nigeria. The scope of the study is composed of firms quoted on the Nigerian Stock Exchange as at January, 2018 while the study population is the users and auditors of the financial reports produced by these entities. The users of financial reports are represented by investment advisers which a segment of capital market operators while the auditors are represented by the Big 4 Audit Firms operating in Nigeria as at January, 2018. The research design employed is the survey approach by which primary data was collected from the sample respondents described above while the multivariate analysis was conducted to highlight the impact of the selected independent variables on financial reporting. It was found that, with the exception of communication skills which exhibited a negative but significant impact, all the other basic forensic accounting skills exert positive and significant impact on the methods by which an organization reports her financials. It is prescribed that aspiring forensic accountants should be adequately trained to be able to practice the profession satisfactorily

Ownerships Structures and Accounting Conservatism among Nigeria Listed Firms.

The article aims to examine the effect of ownership structure on accounting conservatism among Nigeria listed firms. Correlational research design was employed in this study and the sample size comprises of all 15 firms from the banking sector listed on the Nigerian Stock Exchange (NSE) for the years 2013 – 2017. The study employed the panel regression technique to estimate the coefficients of the variables in the model specified. The study finds that there is a positive and insignificant relationship between managerial ownership and accounting conservatism; a positive but an insignificant relationship was observed between institutional ownership and accounting conservatism. However, foreign ownership revealed a negative but not significant relationship with accounting conservatism. We recommend that financial statements to include more detailed analysis of the structure of their ownership and shareholding to provide more information for decision making for users of the accounting information such as researchers and potential investors. Also, Regulatory bodies should ensure all companies comply with the concept of conservatism by imposing strict penalty on erring companies