AWARENESS OF CONFIDENCE ACCOUNTING AMONGST ACCOUNTING LECTURERS IN NIGERIA
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- NGN 5000
ABSTRACT
The use of a single number for accounting terms such as profit or balance sheet value is clear and simple, but wrong. ’Confidence Accounting’ is a term for a proposal to use distributions rather than discrete values in accounting and auditing. The term was coined by Long Finance proponents as part of a shift from using specific values in accounts to the use of interval estimates and confidence levels, making accounting and auditing practices more closely resemble other measurement sciences.
Teachers, administrators, parents, business owners, and community members need to know the importance and value of a Personal confidence Finance class. In this study a survey was made in universities to ascertain the awareness of lecturers on the subject of confidence accounting, to determine the importance they placed on financial literacy curriculum and what content they think should be included in a financial literacy curriculum in universities. The results of this survey showed that most participants of the survey thought confidence accounting literacy was important and that confidence financial literacy curriculum was also important. The conclusions of this study were that financial education is beneficial and that the concepts taught in that type of curriculum were valued.
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