FAMILY ATTRIBUTES AND HOUSEHOLD ACCOUNTING IN OGUN STATE, NIGERIA
FAMILY ATTRIBUTES AND HOUSEHOLD ACCOUNTING IN OGUN STATE, NIGERIA

Summary/Abstract: Despite the uniqueness of this segment of informal accounting practice, it is amazing that little is known about household accounting practices among accounting scholars, even in Nigeria. Academic study of accounting at home is very unfamiliar in literatures and quite scanty in developing countries as Nigeria. The Researchers are also not aware of prior academic studies that investigated household accounting practices in Ogun State. This study seeks to examine whether family attributes (household level of education, household geographical location and gender) significantly influence household accounting practices in Ogun State, Nigeria. Cross sectional survey design was adopted in the study to help facilitate broad collation of reliable data. Structured questionnaire was utilized for effective extraction of primary data from the sampled population. Deploying statistical package for social sciences (SPSS) version 20.0, linear regression analysis was performed at 5% level of significance. Family level of education has no significant influence on household accounting practices of families in Ogun State. A similar no significant relationship situation was observed between gender and household accounting practices. However, it was discovered that a strong positive and significant relationship exists between geographical location and household accounting practices in Ogun State. Accounting scholars should intensify effort for the prompt inclusion of household accounting into the accounting curriculum of secondary schools and tertiary institutions in Nigeria. In addition, household accounting knowledge is believed to enhance family relationships and accountability.

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