“…The new environment they find themselves in poses immense financial challenges that may be beyond their knowledge of finances and financial matters (Ofoegbu, et al., 2018; Ugwu et al., 2020). In Nigeria, some of them, like other students, have been observed to struggle with financial challenges with some refraining from completing their academic program (Ezenwoke, et al., 2020; Ofoegbu, et al., 2018; Okolie, 2013; Ugwu et al., 2020). Additionally, since first-year undergraduate accounting students are yet to take advanced courses related to finances and financial matters, they are expected to have differing opinions about the practical and theoretical aspects of financial management, some of which might hinder their adjustments (Ben-Caleb, et al., 2021; Ofoegbu, et al., 2018; Okafor, 2012).…”