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

Abstract

The study looked at international financial standards education in Nigerian colleges of education in the southeast. The study was directed by three research questions and three null hypotheses assessed at the 0.05 level of significance. A four-point structured questionnaire with a reliability co-efficient of 0.79 was administered to sixty-two (62) accounting education lecturers in the area's colleges of education.The study questions were answered using the mean, and the hypotheses were tested using the z-test at a significance level of 0.05. It was discovered that accounting education lecturers are not all that IFRS aware, and that effective IFRS education could be achieved, among other things, by including IFRS in the curriculum, adequate funding, and amending relevant laws.It was suggested that NCCE incorporate IFRS into the accounting curriculum, that TetFund intervene in IFRS education, and that relevant laws be amended to accommodate IFRS.