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ABSTRACT This study examines the role played by NAICOM in the institution of good corporate governance culture in the Nigerian insurance industry. This was done by determining how successful the NAICOM, as the insurance industry regulator, has been in instilling a sound corporate governance culture in the industry. The Nigerian insurance industry have over the years been plagued by under-capitalization, poor human capital and professional skills, poor returns on capital, insurance premium fl...
ABSTRACT The research work on the impact of zero-based budgeting approach on the performance of Nigerian economywas carried out to explain the impact of zero-based budgeting approach on the performance of Nigerian economy. Research questions were properly designed from where the hypotheses of the study were formulated as a guide to the researcher’s literature on related matters by different authors were reviewed and the historical and descriptive methods used as the research design. The pop...
This research report is about computerized accounting and quality financial reporting of Uganda revenue Authority, Mbarara Municipality. The current rapid development of information technology has had a dramatic influence on accounting information system leading to the computerization of accounting system in most business firms for the need to enjoy computer related benefits over manual systems. Though they have not totally solved all the accounting needs since complaints are still ...
ABSTRACT Globalization plays a pivoted role in the Nigeria economy. This work is geared towards x-raying role of globalization in economic development of the nation. They study was limited to the federal ministry if information and communication. The study went further to x-ray the challenges confronting globalization in the nation. To ensure the realization of the objective of this work, collection of data was based on questionnaire and oral interview. Secondary sources were also explored. T...
ABSTRACT The study was attempted to look at impact of information technology on accounting system in a manufacturing company (a case study of Nigeria bottling company plc, Lagos). The development in information technologies, which have had numerous impacts on both individual and social life and business, have also had an important impact on accounting information system and accounting application in term of every aspect such as concept, scope and operation. The researcher employed the us...
ABSTRACT The research focuses on as assessment of planning and control of capital expenditure in a business organization, a case study of global soap and detergent company, ljebu- ode, Ogun- state. The major objective of the study is to determine the application of planning and control have any effect on capital expenditure in a business organization, to examine the relationship between planning and control being adopted on capital expenditure in a business organization. Data were collected...
The Benefits and Challenges of International Financial Reporting Standards (IFRS) Adoption by Listed Companies (A Case Study of Nigeria Breweries Plc, Ibadan). ABSTRACT The purpose of this study is to bring out issue and concepts of international financial reporting standard (IFRS) in general, its relationship to corporate business with specific reference to Nigeria Brewery Pic, Ibadan. The Objective of the study is to present the benefit of IFRS adoption and the problem of the study is the ...
Abstract This paper examines the effect of public account committee (PAC) on accountability of Nigerian public sector financial management. It specifically investigates the effect of PAC functionality viz; independence, report and composition on accountability of financial management in Nigerian public sector. The paper used survey design to source data from selected federal ministries. Data collected were analyzed using descriptive statistics, test for nature and normality of variables, Pe...
This study aims at investigating the impact of money market instruments on economic growth in Nigeria. This study adopted a time series analysis of money market instruments on economic growthusing ordinary least squares (OLS) regression. The Money market instruments used in the study are Treasury Bills (TB), Bankers Acceptance (BA), Treasury Certificate (TC), Certificate of deposits (CD) and Commercial Papers (CP). Economic growth was measure using gross domestic product (GDP). The study cont...
It is universally accepted that for the smooth functioning of a money market and economic growth of a country, an efficient and good banking system is a must. Modern technology has taken the world by storm in recent decades. Particularly, the advent of the computer has completely revolutionized the way people live, work and play. Computers have affected businesses in numerous ways, allowing them to run more efficiently. However, there is a dark side to computers when individuals use them to l...
ABSTRACT Management of working capital which aims at maintaining an optimal balance between each of the working capital components, that is, cash, receivables, inventory and payables is a fundamental part of the overall corporate strategy to create value and is an important source of competitive advantage in businesses (Deloof, 2003). The main objective of the study was to establish the impact of working capital on business performance of First Bank Nig. PLC. The research used both des...
Portfolio diversification is the practice of spreading one’s money among many different investments. It is a common sense concept that has many parallels in popular language and Culture (for example “Don’t put all your eggs in one basket”). Its theoretical foundations were introduced in the normative work of Harry Markowitz (1952, 1959), and later confirmed by the work of William Sharpe (1964). Despite documented benefits of diversification, many investors do not diversify their stock...
ABSTRACT There is no pretence that the agency model offers several ways of resolving the problems associated with the separation of ownership and control in public limited liability companies. In a bid to avert some of the recent financial scandals and corporate abuses in Nigerian companies, and similarly, promote good governance, the Securities and Exchange Commission, have proposed a recently reviewed Code of Governance with a far reaching implications to all companies who fails to comply ...
This is a project work that measures the effect of investment assets on shareholders' wealth maximization. It made use of both primary and secondary data to ensure a standardized and quality study. NESTLE NIGERIA PLC and ABACUS SECURITIES were used as case studies of this project work. The project was supervised by Professor Kehinde James of Accounting and Finance department at the Lagos State University, Nigeria.