Firms are essential building blocks of any nation’s growth and development. As business units, it is natural for firms (no matter their nature and form) to experience risks and opportunities. What determines the survival rate of a firm is the set of mechanisms it has put in place to help maximize opportunities and to nip deviations in the bud. These set of mechanisms imprinted in an organizational system of operations is in auditing parlance called Internal Controls. Thus in order to und... read more

Money laundering poses a serious threat to individuals, businesses, financial systems, markets and governments as this financial crime affect and destruct the economy development of a country(both developed, developing and undeveloped), for example developing countries such as Nigeria loses billions every year to to Money launderers. Many international and regional government has begin to acknowledge that money laundering has become a continuous serious threat to the global economy developmen... read more

Taxation is considered a veritable source of revenue for financing developmental as well as people oriented programs in virtually all countries, irrespective of whether they are classified as developed or developing economies. History has however shown that individuals often exhibit one form of tax reduction behavior or the other, with series of arguments on the legal, economic and moral consequences of these acts. Tax evasion and tax avoidance reduce government revenues. This has a significa... read more

Taxation to every country is bedrock for revenue generation which when adequately carried out could lead to a speedy socio economic development just like in the advanced nations of the world. Ariwodola (2001) described tax as a compulsory levy imposed by the government authority through its agents on its subjects or his property to achieve some goals. Arnold and Mclntyre, (2002) define tax as a compulsory levy on income, consumption and production of goods and services as provided by the relevan... read more

Corporate Financial organizations are setup with the principal objective of creating wealth for their shareholders. Corporate Financial organizations are increasingly becoming more complex (and in many cases global) thereby engendering the need for complete, transparent, reliable and accurate information that can be accessed quickly. This is particularly germane as the gulf between ownership and management has grown wider in line with global best practices and most large business organizations a... read more

Taxation is a compulsory levy imposed by the Government on the incomes of taxpayers in a geographical territory in order to defray the expenses of governance. This implies that anybody that generates income must compulsorily pay taxes. There are different types of taxation. These include the personal income tax, company’s income tax, and petroleum profit tax, value added tax and the capital gains tax. Recently, the issue of capital gains tax in the Nigerian has come to the fore. Government, fr... read more

Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof. Accounting can also be referred to as an information system that measures, processes and communicates financial information about an economic entity. Advancements in information technology have dramatically improved accounting systems and transformed economic life. Computer... read more

The research provides a theoretical and case study appraisal on the effect of accounting records on the performance of SME in Nigeria. It elucidates the nature and significance of accounting records and determines the levels of performance of SMEs. The research projects the nature, growing importance and contributions of SME’s to the development of the economy. It provides a case study appraisal of selected SME’s in Lagos metropolis as a measure to provide a practical perspective to the stud... read more

The research provides an appraisal of the role of working capital management on the performance of the organization. It analyses the concept of working capital and provides a detail appraisal of working capital management. In view of the fact, that a large portion of the management time is focused on the internal operations of the firm. Working capital management constitutes a significant factor to determining organizational effectiveness and efficiency. The research provides a case study apprai... read more

The researchprofers an appraisal of the nature and significance of management accounting . it analyses the nature of management accounting And portrays its significance in aiding management decision making.it provides management information used to measure progress towards Organizational objectivesand highlight any potential problem ahead. A Case study is provided on the nature and significance of management accounting in Dunlopenig PLC.

This study interrogates the root causes of persistent unethical comportment, erosion of Values, and poor accountability in the contemporary civil service with a focus on the Federal Inland Revenue Service, Enugu. The manifestations of deepening attitudinal decay, mindful abuse of official Codes and principles and hysterical stealing, riddle the Federal Inland Revenue Service, Enugu today. Deontological ethical theory was employed to explicate the rationale behind unethical disposition of the civ... read more

Nigeria is currently not enjoying the best of times. The country is presently suffering the adverse effects of the dwindling revenue from crude oil and gas sector, which today accounts for about 95 percent of its revenue. The fallen price of crude at the world market has orchestrated the devaluation of the Naira and increased inflation. The manufacturing and other productive sectors are worst hit because, as the country is highly import dependent, they find it extremely difficult to bring in raw... read more

A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial management reform agenda (IMF, 2011). Government banking arrangements are an important factor for efficient management and control of government’s cash resources. Such banking arrangements should be designed to... read more

Development is a universal attribute of man and matter, of society and nature, but the direction and speed of the process in man and society can effectively be controlled, and in nature, considerably influenced, by him. However, development involves areas of economic, political, sociocultural, technological and individual. Sustainable economic growth is a major concern for any sovereign nation most especially the developing countries which are characterized by low capital formation due to lo... read more

Over the years, countries of the world have defined and set the standards of financial reporting in their individual territories. However, globalization has brought about ever increasing collaboration, international trade and commerce among the countries of the world; hence, there is grave need for increased uniformity in the standards guiding financial statements so that such statement would remain comprehensible and convene the same information to users across the world. The need for the devel... read more

The auditing profession performs a role in giving reasonable assurance to the public and users’ of financial statements, specifically investors and creditors, of the reliability and credibility of a firms’ financial statements. To fulfil this role, there are several principles that auditors should espouse. One of the most important principles is independence. By demonstrating their independence, auditors’ opinions on financial statements will be valued by the users. In essence, auditor ind... read more

Tax is any form charge levied on a person or an institution by a governing body or its equivalent such that defaulted payment is punishable by law. The imposition of taxes and the institution of taxing is as old as civilization itself cutting across religion, race and continental borders. Prompt tax payment and reduced tax evasion is always a primary objective of the government in most civilizations that exist today. The issue of tax evasion has proven to be a difficult practice to curb even in ... read more

As the stakeholders become dissatisfied with the work of the audit profession, their confidence in audited financial statements will erode with time if nothing is done to remedy the situation. Best, Buckby and Tan (2001) claim that society’s trust is the ‘heart-beat of a profession’. Hence, if such trust disappears or is eroded in any way, the outcome is likely to involve skepticism and the depletion of value attributed to such profession. Although fraud detection has been taking out of ... read more

Accounting information is an ingredient in most, if not all, financial managerial decisions. In developed economies, these decisions are worth billions of dollars each year. In some cases, the decisions are lacking in quality. Consequently, if researches can improve decision making through improved information, society will benefit. As we all know, accounting speaks the language of business as it records all transactions of an individual firm or other bodies that can be expressed in monetary ... read more

The business environment has become intensively dynamic and increasingly unpredictable in recent decades and,correspondingly, managing company has become more demanding. Cost Accounting is a task of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. The SMEs sector has been recognized worldwide for its role in economic advancement throug... read more