THE PLACE OF GLOBALIZATION ON ACCOUNTING EDUCATION IN NIGERIAN TERTIARY INSTITUTIONS

Abstract

This paper investigates the place of globalization on Accounting Education in Nigerian tertiary institutions. It examines how globalization has integrated the economies of countries of the world, including Nigeria. It addresses the introduction of global accounting standards by International Federation of Accountants (IFAC) and how countries are expected to adopt these standards in financial reporting. These standards have however posed a major challenge to accounting educators, teaching content and methodology. This study concludes that there is an immediate need to train and re-train accounting educators, review accounting curriculum and lay less emphasis on theoretical methodology in order to make Accounting courses interactive and interesting for the maximum benefit of all stakeholders It recommends that the curricula of our tertiary institutions should be reviewed to incorporate IFRS so that our accountants and auditors will be conversant with IFRS guidelines and standards.