INTRODUCTION1.1 BACKGROUND OF STUDYTax can be defined as a leery, which government imposes on the income of the citizens of a state for which government makes no direct benefits to the taxpayers. It is also an impose by a state on persons who are resident or who earn income within the state. It may take the form of a direct or indirect tax.Generally speaking, a tax is said to be direct where the payment of the tax and the burden fall on the same person; it is indirect where the impact falls o...
ABSTRACTInsurance by nature, is not a modern day concept. It has a development history of so many – centuries. The art of insurance has grown as a result of individual, corporate bodies and government need for the fortunes of lives and business. Therefore, the types and classes of account were those which were expected to show to the venturers, i.e. the owner of business, government and individuals.It is based on this that the researcher, therefore, focused this study on t...
INTRODUCTION1.1 General introduction and background of the studyThe management of an organization’s capital relates to the finance and investment of non-human resources, that is, physical and monetary assets, for the purpose of maximum benefit in terms of profitability. According to Frear (1980) profitability is determined in part by the way in which a company manages its working capital elements, especially the company’s management policies in respect of cash and account receivable...
ABSTRACTThe currency of a nation is made to appreciate.Is this appreciation made at the expense of the foreign market determinant? Or is it as a result of the country’s effort? It is the aim of this research work to find out if Nigeria apply foreign exchange rate controls, is naira appreciation what we attain to achieve. This research work has five chapters. Chapter one contains a general discussion of the foreign exchange rate fluction as seen by different people. It went furth...
ABSTRACTThis topic that is being treated (the role of a statutory auditors in controlling fraud in government owned establishments) is very important to our present economic condition if people will blend with the results and findings of this term paper. In the chapters of this project, it is clear that an auditor is very important in all government establishment. This is because the Nigerian citizens, see government properties as nobody’s property. The auditor is just an ...
ABSTRACTGenerally speaking, this academic work “THE ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENT”, shows how accounting play a major role in the sustenance of economic viability, political stability and social harmony in any given state or nation. The reason for this obvious fact as regarding our national development is not far fetched considering the enormous multisectoral dimension of Nigerian economic activities both in the public and private sector.The first chapter tries to intro...
ABSTRACT The concept “source documents” is a familiar term with those involved in keeping accounting records or watch dogs of limited liability and public liability companies and organizations from time to item, most often on annual basis, the independent Auditors call to review the accounting records kept by their clients. This they do by studying and evaluating the internal control systems in the company. This approach makes it possible for lapses, discrepancies, deficiencie...
INTRODUCTIONBACKGROUND OF THE STUDYIt is not only in Nigerian economy that is in distress, most companies are also in distress and their managing directors are equally in distress. Some of the managing directors are now languishing in either prison or police custody as a result of their contributory roles to their companies predicament.Most distressed companies are financial houses like banks, investment and insurance companies. But a lot of other non-financial companies are also in dis...
ABSTRACTAccountability is the sole of any business entity. The main aim of any business is profit maximization. This can be achieved if the financial mismanagement is properly examinedEmenite limited Enugu is a company, which concentrates much on the manufacturing and distribution of ceiling boards, corrugated roofing sheets, roofing tiles, flower pots and pressure pipes.In view of different scholars has been established by the researcher, the role of financial management is very ...
ABSTRACTThe problem of flooding of accountants in the job market cannot be over-emphasized. As we can see in Nigeria today, there are many graduates in the field of financial studies from our various institute of higher learning in our country.The influx of the unqualified accountants in the job market today in Nigeria creates unemployment which is the greatest problem facing an over populated country. Because the number of people in this class of accountants are too much for the ...
ABSTRACTThe mismanagement of every organization emanates from the ability of the financial accountability to administer the financial undertaken in order to achieve its profit maximization.Business collapsed, is characterized by negligence to adhere to effective control system, which primarily comes from internal control.An organization encounters problems, which often times result to financial impropriety, which has made many firm to collapse. Some of these problems lie largely outside the c...
1.0 INTROCUTIONThe practice of accounting came into existence many years ago though, there was no acceptable definite record as to when accounting developed. It should be noted that with the advent of colonial rule in Africa, the European system of accounting was introduced in most of the African countries such as Nigeria. Then, different kinds of people were employed to take care of farms and properties of the Whitman and after that, they have to account for their success so far ...
INTRODUCTIONThe basic economic problem that confronts an under developed or a developing country and especially the new independent ones is how to attain within a relatively short period, a notable increase in the rate of economic growth which is envisaged will bring it to the level of perpetual real income comparable to those of more admired economics of the world. In order to attain this oval, the country would have to ;1.provide those basic government services especially in education...
ABSTRACTThis research work is aimed at ascertaining the various role played by the accountant in the privatization and commercialization of pubic enterprise in Nigerian economy.It also focused on the information supplied by the accountant, its contribution to the success of privatization and commercialization exercise, and this shows that the accountant is important among other groups of professionals needed for the implementation of the exercise and they formed the pillar on which any succes...
ABSTRACTThe purpose of this research project was to find out how financial statement analysis service of our aid to meaning decision by investment firms in Enugu state. Financial statement analysis are used by investment firms to make their investment decisions. They are also used by management to make their decisions. Some of the ratio commonly computed by investment firms are profitability ratios, liquidity ratios. Market value ratios leverage ratios and ordinary sha...