Title:
EDUCATING UNIVERSITY STUDENTS ABOUT FINANCIAL MANAGEMENT AS A DETERRENT TO FINANCIAL FRAUD IN CAMEROON

Authors:
Edmond Lyonga, Teresa Lao, Cameroon

Abstract:

The quest to escape poverty in a developing economy like that of Cameroon had been burdensome for the people of Cameroon for decades. The unimpressive performance of the country’s economy has led to disturbing practices of financial fraud, which contributed to unethical behavior and a means of livelihood for individuals. This article focuses on the effects of financial fraud in a developing economy. In this qualitative study with a phenomenological approach, the quest was to find better ways to help university students combat behaviors that contribute to financial fraud and to encourage fraud prevention. The results indicate it is possible to offer mandatory courses on financial fraud, risk management, fraud deterrence, and ethics to students to reshape their thinking and assist them in making better financial decisions to help them become successful personally and professionally.