Analysis of International Financial Reporting Standards Content of Accounting Degree Curricula in Malawi

Stephen Chimtengo, Rabiya Hanif, Fredrick Mangwaya Banda, Kezzie Mkandawire, Chinsinsi Chidule


The move to adopt International Financial Reporting Standards (IFRS) has gained momentum worldwide. The massive adoption of IFRS is attributed to globalisation of business and finance. The global adoption of IFRS is aimed at providing a common set of accounting standards. This single set of IFRS enhances the investor’s ability to make informed decisions about investment alternatives. The academic institutions offering accounting education need to incorporate IFRS in their curricula. This study was intended to establish the extent to which IFRS have been incorporated in the curricula of universities and colleges offering accounting degree programmes in Malawi. The study involved a review of curriculum documents for the accountancy undergraduate degree programmes of academic institutions in Malawi. The results indicate that IFRS have been incorporated into the accounting curricula of the five universities and colleges. The results also indicated that the coverage of the standards was at different ranges. It is recommended that colleges and universities in Malawi should be continuously and frequently reviewing their curriculum materials.


International Financial Reporting Standards (IFRS); Accounting curricula; Financial accounting; Accounting education

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Copyright (c) 2017 Stephen Akude Chimtengo, Rabiya Hanif, Fredrick Banda, Kezzie Mkandawire, Chinsinsi Chidule

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