ABSTRACTThis study is specifically aimed at finding out the roles and contribution of chartered Accountants of Nigeria to manpower and economic development in Nigeria.This study is to find out the immense contribution, which has been done by the institute of chartered Accountants of Nigeria (ICAN) to political, Economic and social advancement of this country.There is poor management in most of the companies today. It involves both public and private companies.This can also be traced to Govern...
ABSTRACTAudit of final account are been concerned through verification, existence and valuation by auditor which should therefore be capable of enabling the auditors to form an opinion on the financial statements as to the extent of their dependability and reliability.The researcher view show the profit and loss for the period, with adjustments for non-cash items such as depreciation and the following sources and application where material-dividends paid, acquisitions and disposal of non-curr...
ABSTRACTBank distress is a phenomenon, which involves poor liquidity, poor earning and gross inability to meet payment and maturity, obligation of deposits. The phenomenon surfaced in the Nigerian Banking System in 1930, resumed in the fifties and nineties and in recent times has resurfaced. (CBN. 1968. Anyahuru 2001). This study was carried out in order to identify the causes of repeated bank distress and its effects on the Nigerian economy and to identify ways of preventing future occurrenc...
ABSTRACTCorporate divided decision taking is usually done within several limiting factors. These limitations may be in form of company profitability and liquidity, shareholder preferences, government regulations, investment opportunities and debt contracts among many others. The extent to which these factors are effectively handled determiners the nature of the impact of the decision taken. It is against this background that this research has appraised certain aspects of the effect of divided...
ABSTRACTThe type of audit primarily concerned with throughout this project work is an examination of a company’s financial statements by a firm of independent public accountants. The audit consists of a searching investigation of the accounting records and other evidence supporting those financial statements.Through the study and evaluation of the company’s system of internal control, and by inspection of document, observation of assets, making of inquiries within and outside the company....
ABSTRACTThe pursuit of an objective is the characteristic of every organization and objective exists in different forms. Every public organization has the objective of maximizing services to the public. As well as in other state establishments provision of up, other objective like revenue generation and so on are secondary.But as no establishment can carry out its objectives successfully with out finding and for this fundamental objectives to be realized, state establishment must apply p...
HISTORICAL DEVELOPMENTBefore the advent of our colonial masters, there were already traces of taxation in existence, for instance in the Northern apart of Nigeria due to the Mohammedanism spirit people were made to contribute towards charity, which was the foundation of taxation there.But before independence there were axes levied e.g. zakka ( agricultural products), Kurdin, Janghali etc. in other parts of the country that is the Yoruba and the Ibo’s there was a axes developed system ...
ABSTRACTThis study was bone out of mirage of problems usually associated with policy implementation in Nigeria especially on taxation. In recent times, value Added Tax is the most outstanding fiscal policy in Nigeria economic Policy. Bearing in mind the consumption pattern the necessary imposition of tax on luxury goods and of course luxury goods is a matter of choice and taste. This study look at impact of VAT on luxury goods as it affects, revenue collection, consumption pattern, and price ...
INTRODUCTION Significant progress has been made during the past years but more intensely during the last five years towards the significations of the Nigerian financial sector through the implementation of distress resolution options. The Nigerian financial systems comprise the financial institutions rules and regulations instruments, and markets for effective intermediation. The financial institution unit of the systems comprises two major categories of institutions in the Deposit takin...
ABSTRACTThe study examined advertising as a tool for increasing sales in an organization (A case study of John Holt Ventures Ltd). The research was earned out to ascertain the extent of advertising as a tool for increasing sales. In order to solve the research problem, four hypothesis were formulated.The population studied in this research comprised of customer, distributes and relevant management staff of John Holt Ltd and their were 369 using Topman’s formular, 196 using Bourle...
ABSTRACTThis paper examines the relationship between bank supervisor and the external auditor in Nigeria. It highlights the functions of the management, the bank supervisors and the external auditors in the prudent management of the banking sector. It also point out some complementary functions canoed out by each party in the banking sectors, accountability for public interest. It also examines how the banks are made to comply with regulatory guidelines set up by the supervisors in Nigeria; i...
INTRODUCTIONAccounting has been widely regarded world wide as an information system through which financial and magnetized information is generated for economic groups companies, individuals or even countries have made various attempts in 1494 a roman catholic priest father Luca Pacioli published a text on double entry, which till today formed a strong basis of accounting particularly the book keeping aspect.Accounting finds practical application in almost all facets of life it is therefore i...
INTRODUCTIONMost countries irrespective of its advancement have its own share of socio-economic problems. One of the most prevalent socio-economic problems is “inflation”. The term “inflation” is as old as mankind in more precise description inflation can be defined as the persistent rise in the price of good and services and measurement depreciation in the value of money.A careful survey of the situation in Nigeria shows that this phenomenon is prevalent. Nigeria is undergoing a...
INTRODUCTIONAuditing is the process of investigation into the financial records prepared in an organization to ascertain the correctness of the financial statement. Investigation can be described as an inquiry commissioned by a client for some of his purpose. The preparation of the seconds of small scale business organization involves the bringing together of the control system This idea of auditing come into being when a series of company acts Commencing in 1844 gradually developed and incor...
ABSTRACTOne of the most researched and least understood variables of public sector accounting is how the accountability and stewardship of financial control is conducted. People have been speculating on how the funds generated are managed but now researchers have conducted systematic investigation of funds and leakage in local government revenue system.Even with this, there is still an increasing difficulty and doubts in establishing the fact that the revenue generated are put in good u...