The Problem Of Teaching And Learning Accounting In Nigeria Universities

Accounting Education Project and Seminar Material

The Problem Of Teaching And Learning Accounting In Nigeria Universities


Abstract


This study is aimed at investigating the factors that influence the teaching and learning of accounting in Nigeria universities. The study employs quantitative descriptive research design to examine The Problem Of Teaching and Learning Accounting In Nigeria Universities. In this study, the study population comprised of all accounting students of th institutions ranging from 100 level to 400 level. The data for this study was obtained through questionnaires administered to the study participants. This study took specific case study which was the Delta State university. Seriousness is a factor that affects teaching and learning accounting in Delta state university Asaba campus. The nature of lecture time table has not had a significant effect on the teaching and learning of accounting, however, it has had more of positive effect than the negative. The efforts of the stake holders should be geared toward encouraging the students to develop interest in financial accounting by educating them on the job prospect.


Chapter One


Introduction

1.1 Overview of the Study

Accounting as one of the subjects in business education, has functions of developing in individuals, skills, knowledge, attitudes and values towards solving problems and towards satisfaction of real needs in life. Accounting is a very important branch of business education in which much of our daily life is governed and attached, by the results and application of business.

The National Council of Education (NCE) in 2007 gave the approval to the Nigerian Educational Research and Development Council (NERDC), the government agency saddled with the responsibility of developing curriculum for schools in Nigeria to review the existing senior secondary school education (SSE) curriculum (Ahmed-Rufai, 2010). The author further affirmed that the new curriculum was set to meet up with both national and global challenges and issues.

Bakare (2007) reported that investors in Nigeria have lost several billions of dollars through the collusion of accountants and external auditors with companies’ management and directors to falsify and deliberately overstate companies’ accounts.

These collapses or systemic failures, as the broad range of financial scandals exposed in the early years of the 21st century have brought into sharp focus and over a more concentrated timescale, issues of long-standing debate (Brown, 2005) including: audit and accounting regulation; auditor independence; earnings management; and audit and audit firm quality controls.

One of the difficulties of evaluating the veracity of these claims, and the validity of the counter claims, is that moral scheme and codes of ethics have undergone changes over time. Prior research on ethics and the profession of accountancy has come from a wide range of disciplines and has focused on a broad range of issues.
It is widely acknowledged that the accounting profession is an important facet of our society (Wyatt, 2004).

Accounting emerged from the society; Hines (1988) stated that accounting is socially constructed and socially constructing. This implies that accounting influences society and accounting is influenced by society. In the last decade, studies have shown that the accounting profession has had to deal with a lot of challenges than it has done in its lengthy history which spans over one Hundred years (Mactosh et al., 2010). This period has been characterized by series of business failures, ethical negligence and accounting scandals both in developed economies and developing economies. Publicized cases of the recent past, such as Satyam, Enron, WorldCom, Global Crossing, Adelphia Communications, HIH, Tyco, and Vivendi, Royal hold and HealthSouth together with a host of companies from Nigeria (such as, Cadbury and NAMPAK), have drawn increasing attention to the accounting profession. This has had a negative and cumulative impact on the way informed opinions view the accounting profession. There has been great apprehension regarding the fairness of the operation of a market system where shareholders, employees in general and pensioners have lost large sums, while those running companies, are seen as responsible for those losses, have enriched themselves as the businesses collapsed. In doubt if Nigerian related research efforts are adequate to fully address the challenges of enforcing ethical guidelines in financial reporting and auditing.


1.2 Statement of the Problem

Brown (2005) posited that various business failures have led to increased scrutiny of deficiencies in the financial reporting process and corporate disclosure requirements of corporate organizations. This has had a negative and cumulative impact on the perceived credibility of financial reporting.

This concern is now at the forefront of public debate about the accounting profession and its effectiveness (IFAC, 2003). There has been a decline in reporting credibility across capital markets worldwide, with the attempts by professional accounting bodies and professional accounting firms to change these widely held perceptions of accounting and accountants have met with limited success (Warren & Parker, 2009). In Nigeria public perception about accounting and accountant decline.

The researcher wishes to find solution to the following problem:

  1. Whether students’ seriousness affect teaching and learning of accounting in Nigerian universities.
  2. Whether the nature of lecture time-table affect the teaching and learning of accounting.
  3. Whether the environment affect the teaching and learning of accounting.
  4. Is accounting profession important in Nigeria’s development.
  5. Whether the problem of teaching and learning of accounting can be corrected.

1.3 Objectives of the Study

One of the aims of this study is to investigate the perception of the public attitudes towards the accounting profession in societal development.

The specific objective is to:

  1. To determine to what extent Student seriousness affect teaching and learning accounting in delta state university Asaba campus.
  2. To determine whether the nature of lecture time table affect the teaching and learning accounting in delta state university Asaba campus
  3. To determine whether the environment of learning affect the teaching and learning of accounting in Nigeria universities

1.4 Research Questions

John (2010) posited that the research question is a methodological point of departure of scholarly research in both the natural and social sciences. It’s an important step to providing sound conceptual foundation for one’s research, in that, it stream lines the whole work into a set of questions:

  1. Does student seriousness affect teaching and learning accounting in delta state university Asaba campus?
  2. How does the nature of lecture time table affect the teaching and learning accounting in delta state university Asaba campus?
  3. How does the environment of learning, affect the teaching and learning of accounting in Nigeria universities?

1.5 Significance of the Study

This study is intended to investigate the problem of teaching and learning of Accounting in Nigeria Universities. The stduy adopted the public perception approach. The import of this approach which doubles as study significance is that it will enable the tutors of accounting subjects or courses to better understand the factors that causes high and low performance of students in accounting. Also, the study will contribute to numerous academic literature.


1.6 Scope and Limitation of Study

This study is focused on the the factors that influence the teaching and learning of accounting specifically. There are other subjects whereby the findings of this study can infer upon but the study is restricted to accounting. More so, the study is limited to Delta state university. The implication of this limitation is that the findings of this study may or may not apply to all the universities, as such, the findings are limited. This limitation births the room for further studies.


Chapter Five


Summary, Conclusion and Recommendation

5.1 Summary

This study has been on investigating the factors that influences the teaching and learning of accounting in Nigeria universities, the study took specific case study which was the Delta State university.

The findings from the study reveals that:

  1. Seriousness is a factor that affects teaching and learning accounting in deltastate university Asaba campus.
  2. Timetable have not had a significant effect on the teaching and learning of accounting, however, it has had more of positive effect than the negative.
  3. The school environment in Delta state University has been student involving, this situation has enhanced the teaching and learning of Accounting in the school.

5.2 Conclusion and Recommendation

The importance of teaching and learning financial accounting in our Universities cannot be over emphasize. There should be total participation for the successful implementation of financial accounting programme in our schools by the stake holders.

Stake holders in this context refer to Government, communities, and teachers of financial accounting. The efforts of the stake holders should be geared toward encouraging the students to develop interest in financial accounting by educating them on the job prospect. Regarding the problems highlighted in the previous chapter, the universities should ensure a more friendly academic environment as this would enhance learning.


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