Adoption of IFRS and Its Incorporation into in the Nigerian Educational Curriculum

Abstract:

The complete compliance of Nigerian accounting academics and practitioners on IFRS since the transition has not been to its maximum as a result of certain obstacles and challenges that must be confronted. One of such challenges as been largely the incorporation of IFRS into the Nigerian educational curriculum as well as encouragement of quality staff training. This exploratory study aimed to describe the role of quality training and education of IFRS to accounting students and accountants in Nigeria. This descriptive study makes use of secondary data through the use of qualitative content analysis for inferential assessment. The result showed that Nigerian Universities have concrete awareness on the need for curricula inclusion of IFRS education in schools and school libraries and other resource platforms such as information technology will have a great role to play in ensuring smooth incorporation of IFRS education.